Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.

Petrofac Limited Shares News & Articles

UK markets higher as Rolls-Royce slashes costs, but oil rally runs into headwind

UK markets made a strong start in this shortened trading week with European equity futures rising this morning as some commentators turn less gloomy. At 9am, the benchmark FTSE 100 index is up 2.7% at 5,563.52, led by aero-engineer Rolls-Royce (RR.), while the rally of the mid cap FTSE 250 is even firmer, jumping 4.6% at 14,752.45.A slowdown in the growth rate of new US coronavirus cases may ...

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 ...

Petrofac profits from oil price rise – but should it sell its oil and gas production assets?

Often oil services firms see a lag between an increase in the oil price and their customer base gaining sufficient confidence to open their cheque books again. Today’s first half results from Petrofac (PFC) reflect that trend as group revenue is down 10.9% despite the advances oil has made in the last 12 months. But, with the company seeing increased returns from its own oil and gas assets ...
Showing 1 to 20 of 113