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Proactive news snapshot: Nu-Oil and Gas, Futura Medical, Anglo Asian Mining …
A glance at some of the day's highlights from the Proactive Investors newswire
Company
Petrofac Limited
LON:PFC
Petrofac is a leading international provider of facilities solutions to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world’s leading integrated, independent and national oil & gas companies. The group delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training, Production Solutions and Energy Developments.
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Nu-Oil and Gas teams up with Petrofac in gas-to-wire venture
The venture aims to unlock economically stranded gas resources for offshore power generation.
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FTSE 100 slips at close as investors brace for US Fed decision
All eyes will be on the statement from Fed rate setters later, especially due to the pressure to lower rates from President Trump
Petrofac awarded contract worth around US$1bn for the Ain Tsila Development Project in Algeria
Under the 42-month contract terms, the lump-sum engineering, procurement and construction (EPC) project scope of work includes commissioning, start-up and performance testing
Petrofac shares lower as revenue drops
"Petrofac has reported good results that reflect solid execution and excellent progress delivering our strategy,” said Ayman Asfari, Petrofac chief executive
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
JP Morgan downgrades Petrofac as shareholders band together to launch £400mln legal claim
Petrofac has been under investigation from the Serious Fraud Office for almost two years, and shareholders are now looking to recoup some of their “substantial losses”
Petrofac shares boosted by upgrade to ‘buy’ from ‘hold’ from Jefferies International
The US broker's analysts noted that Petrofac "is an increasingly well-run business providing realistic expectations trading opportunities within continued tough Oilfield Service markets"
Petrofac says trading in line with expectations, new order intake of US$5.0bn in year to date
The FTSE 250-listed group also said its net debt is expected to be around US$250mln as at 31 December 2018 benefitting from lower capital expenditure, a working capital inflow in the second half, and approximately US$0.5bn of net divestment
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Indivior investor call to be among the key highlights for Tuesday
Addiction drug firm Indivior is updating investors in the wake of a recent decision by the US Court of Appeals.
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Fed could be Grinch-like in final full trading week before Christmas, but BoE seen more festive
Aside from the UK and US rate decisions, the latest UK inflation and retail data will be closely eyed as well in the absence of almost anything on the corporate diary
Echo Energy appoints former Shell vice-president as non-executive director
Dr Gavin Graham previously served as Shell’s vice president for new business & commercial in the Middle East, Caspian & South Asia
FTSE 100 closes in the red as trade tariffs kick in
The UK blue-chip index lost almost 32 points at 7,458
Investments and investor services
Diageo expected to be the toast of Thursday’s market news
Diageo and Lamprell are expected to be among the names under focus in Thursday's schedule.
Whitbread faces pressure to prove merits of Premier Inn as standalone business
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
Petrofac boss boasts of “a good set of first half results”
"We remain focused on our core and delivering organic growth as the market recovers,” Ayman Asfari said
Investments and investor services
FTSE 100 gets hit by sterling surge after Barnier's Brexit comments
Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
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Petrofac has catching up to do
Updates are expected from Petrofac, Diploma and the short-seller's favourite, IQE
FTSE 100 holds gains; Crypto storage firm granted insurance through Lloyd’s of London
The move by Lloyd's marks a change from a previous reluctance by insurance companies to cover the often volatile digital currency sector