Weir Group plans £40mln more cuts as profits fall
Oil services supplier said pre-tax profits fell 47% to £220mln in the year to January 1
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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Wednesday's agenda: Barratt Developments' focus on margins
Happy days are set to continue for Barratt Developments but Interserve might be finding the going a bit tougher
Archive
There is light at the end of Lloyds Banking's tunnel
Other companies featured: Amec Foster Wheeler, Aviva, Aveva, Hunting and Petrofac
Risers & Fallers: Empyrean Energy, Iofina, Mosman Oil & Gas, Photostar LED, Westminster Group
Empyrean's exist from a US shale project looks well-timed
FTSE100 registers triple digit gains
The index appears likely to end its run of eight straight daily falls,
Investments and investor services
FTSE100 rally gives investors something to cheer
The FTSE 100 Index was around 1.5%, or 90 points, higher to 5,964
FTSE 100 to claw back most of yesterday's losses
Not much Yellen and excitement is expected until tomorrow's interest rate decision from the US Federal Reserve
Tuesday's agenda: Carpetright on the right track with store closures
The Fed meeting will kick-off tomorrow, but no announcements will be made until Wednesday
Week ahead: All eyes on the upcoming Fed meeting
Whether or not the Federal Reserve will raise interest rates will likely keep investors occupied until the announcement on Wednesday
Broker spotlight: Optimism cooling on financial sector
Banking results season is imminent, prompting a few brokers to take stock.
Worst yet to come for oil firms, says Goldman Sachs
Goldman said third quarter of 2015 was likely to show signs of further deterioration
FTSE 100 climbs as Glencore leads miners higher
FTSE 100 was 76 points higher at 6,404 following more big gains by Glencore as it cut zinc production.
Petrofac ditches contentious ZPMC project
Petrofac ended its contract with ZPMC today, having signed the deal in 2013.
FTSE100 up 29 led by Glencore and Vedanta
London’s blue chips were on the front foot as the US Federal Reserve's latest minutes pointed to interest rates staying where they are for a while.
Investments and investor services
Risers & Fallers: Glencore, SeaEenergy, President Energy, Physiomics, GameAccount Networks...
Below are the main news-driven share price movements at 4pm.
Broker spotlight: Tesco, Lloyds Banking, Amec, Petrofac, Johnson Matthey, OPG Power Ventures
Tesco is far from out of the woods, according to Cantor Fitzgerald, which wants the retailer to set out its turnaround plans stretching forward to 2020.
Archive
Proactive news highlights including Goldplat, Fasatjet, Avation, Kromek, ANGLE, Tern and more...
A look back at the main news from the small cap space.