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- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
Read moreAfren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read more- Kingfisher leads fallers on the Footsie - Upbeat European earnings lift sentiment - Fed says US expanding at 'modest to moderate' rate UK stocks edged higher in early trading on Thursday on the back of some upbeat earnings reports from heavyweight European stocks AkzoNobel, Sandvik and Novartis.
Read moreSir Ian Wood, the Chairman of oilfield services firm Wood Group, is to retire in November to be succeeded by the group's Chief Executive Officer (CEO), Allister Langlands. Bob Keiller, the Chief Executive of the Wood Group PSN division, will become group CEO. The practice of a CEO moving up to be
Read moreThe oil equipment, services and distribution sector was one of the best performing categories on Tuesday afternoon with Petrofac and AMEC among the stocks providing a lift. Petrofac, which specialises in the design of hydrocarbon processing plants, was up over 1% after Liberum Capital upgraded its
Read moreEngineering services firm John Wood Group rose on Friday morning after revealing encouraging trading at its three main divisions in the six months to the end of June. The firms says the engineering unit will deliver revenue and margin improvements, resulting in a 30% boost to earnings before intere
Read moreAlliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreEnergy services firm Wood Group has been awarded a multi-year engineering, procurement and construction management (EPCM) framework agreement by Shell Oil Products US. The agreement has been awarded to Wood Group's Mustang division which works provides EPCM services to the upstream oil and gas, ref
Read moreOn June 13th, Mark Papworth, a director of oilfield services firm Wood Group and the Chief Executive Officer of its GTS division, exercised 100,000 options which were granted to him on March 25th 2008 under the terms of the company's Long Term Retention Plan. The shares represented 0.027% of the f
Read moreShares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble. Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake
Read more- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read more- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreNomura has cut its rating on oil and gas services company Wood Group from neutral to reduce, saying that the stock's valuation is now demanding and its turbo-machinery services division GTS is at risk of disappointing. "Wood Group (WG) gave a confident outlook for 2012 in its IMS and maintained gui
Read moreAquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
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