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Soggy last quarter and gloomy 2019 prospects drag on Hunting and other oil services suppliers featured picture

Soggy last quarter and gloomy 2019 prospects drag on Hunting and other oil services suppliers

Oil services company Hunting (HTG) has reported deteriorating trading in the fourth quarter and management is becoming increasingly downbeat on 2019. That's enough to send shares in the company down 3.5% in early trading to 495.5p. Peers including Wood Group (WG), Petrofac (PFC) and Weir (WEIR) are also on the back foot as investors perceive the rpoblems to be industry-wide, not company ...
Reach remains in the doldrums despite confidence in beating full year expectations featured picture

Reach remains in the doldrums despite confidence in beating full year expectations

Publishing group Reach (RCH) isn't out of the woods by a long way but it has struck a note of confidence today by announcing that full year trading will be above expectations, lifting the shares by 6.7% to 60.8p. It appears the acquisition of Express and Star is driving sales, which rose 23% in the last three months of 2018. When the acquisition is stripped out, like-for-like sales are ...
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