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Week ahead: Restaurant Group, Hays, Petrofac, WH Smith, Hunting, Bunzl...
The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
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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Petrofac to exit Greater Stella project with Ithaca transaction
"This disposal marks a further milestone in our journey back to a capital-light business," said chief executive Ayman Asfari
Petrofac downgraded as Jefferies uncertain over contract wins
Jefferies moves to 'hold' as it focusses on the group's effort to secure US$3.5bn of new business for the year
Petrofac secures US$300mln of new bank facilities as US$600mln bond maturity date looms
The FTSE 250-oilfield services group said the new facilities will provide additional liquidity and reduce utilisation of its existing revolving credit facility
Petrofac upgraded back to ‘Buy’ by Kepler Cheuvreux following “reassuring” first half trading
Analysts at the European broker said most of their concerns had been alleviated by a trading update released on Tuesday following a downgrade of the stock in mid-May
Petrofac sees good revenue visibility as new order intake gains
Petrofac reported a 5.9% increase in new order intake for the year to date and said it has several bid opportunities
FTSE 100 closes higher, buoyed by weaker sterling; Carnival goes about
The UK blue-chip index finished over 46 points higher, at 7,555..
Archive
Oil in the spotlight as Petrofac reports trading update while possible Carpetright recovery eyed
The oil sector will be overshadowing trading updates from oil services group Petrofac, while investors will be hoping for a potential recovery for retailer Carpetright
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Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Petrofac making “good progress” in 2018 as new contracts roll in
The oilfield services group is looking to bounce back from a tough 2017, when it was forced to suspend its chief operating officer amid a Serious Fraud Office investigation
Petrofac sells SD6000 project to ZPMC for US$190mln
The oil and gas engineering group will retain an interest in the project, but won't need to fund construction, commissioning or testing operations
Petrofac lands US$135mln lump-sum contract in India
“This award demonstrates our organic growth ambitions in action, and attests to our strategy of a continued increase in our capabilities in India, a country which holds a special place in our service offering"
Petrofac upgraded to ‘buy’ on valuation grounds
“We cannot offer fundamental growth forecasts, but believe risk-aware upside is on offer at this level”
Petrofac shares reverse as full-results disappoint despite improving "competitive position"
The FTSE 250-listed firm reported a net loss of US$29mln, after impairments and exceptional items of US$372mln, on revenue of US$6.39bn, down from US$7.87bn
Petrofac updates investors on UK Serious Fraud Office probe
The oil services contractor said it is responding "as constructively as possible" to the Serious Fraud Office
Petrofac hoping for “swift conclusion” as UK High Court favours Ayman Asfari
“The board has supported Ayman in his defence from the outset and this decision confirms his assertion that due process was not followed,” Tets said in a statement.
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Is it time to buy 'bombed-out Carillion?
The short-sellers' favourite has turned up on the radar of the "Bombed Out but Bouncing Back" portfolio. Will it be the next Interserve?
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"Bombed Out" portfolio takes a chance on fallen giants AA, Acacia, Hikma, Interserve, Petra Diamonds and Petrofac
Somewhat surprisingly, the portfolio is enjoying a good spell, but it is taking a bit of a leap of faith in terms of Tanzania with a couple of its new selections
Petrofac seals 36% equity stake in Santuario asset
“We are committed to unlocking value in the block through a new field development plan in conjunction with our partner PEMEX"
Fusion Antibodies up another 30% after posting a 35% leap on Monday's AIM debut
A look at some of the biggest risers and fallers in London on Tuesday