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Petrofac

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Petrofac's annual losses swell on challenges in biggest division

Petrofac's annual losses swell on challenges in biggest division May 31 (Reuters) - Petrofac PFC.L reported higher annual losses on Friday, as the British oilfield services provider struggled with significant losses in its biggest division, Engineering & Construction (E&C). The company posted an incremental loss of about $190 million in its E&C division for the year, higher than its expectations of about $130 million.
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Petrofac Says Operating Activity In E&C Business To Be Higher In 2024

BRIEF-Petrofac Says Operating Activity In E&C Business To Be Higher In 2024 May 31 (Reuters) - Petrofac Ltd PFC.L : PETROFAC LIMITED PETROFAC LIMITED: RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 PETROFAC: IN DISCUSSIONS WITH FINANCIAL CONDUCT AUTHORITY TO SEEK A REINSTATEMENT OF TRADING IN ITS SHARES PETROFAC: STRONG FY ORDER INTAKE OF US$7.1 BILLI
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Adidas, EFG International, Smith & Nephew

EUROPE RESEARCH ROUNDUP-Adidas, EFG International, Smith & Nephew May 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, EFG International, and Smith & Nephew, on Thursday. HIGHLIGHTS * Adidas AG ADSGn.DE : Barclays raises target price to EUR 243 from EUR 231 * EFG International AG EFGN.S : Citigroup raises to buy from neutral * Gsk GSK.L : JP Morgan raises target price to 1660p from 1530p * Kemira Oyj KEMIRA.HE : Berenberg
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FTSE 100 extends record streak on company news

UPDATE 2-FTSE 100 extends record streak on company news For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Anglo American up after report BHP considering better offer Petrofac hits record low after delaying full-year results Sterling at two-week high versus the dollar FTSE 100 up 0.1%, FTSE 250 adds 1.3% Updated at 1604 GMT By Pranav Kashyap, Sruthi Shankar and Khushi Singh April 29 (Reuters) - Britain's FTSE 100 extended its record rally f
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Petrofac sinks to record low on results delay, likely coupon payment miss

BUZZ-Petrofac sinks to record low on results delay, likely coupon payment miss ** Shares of UK's Petrofac PFC.L down 27.9% to record low of 14.71 pence; top loser across London stocks ** Oilfield services provider delays FY results to May 31 and says it expects incremental loss of $130 mln in largest unit - Engineering & Construction for 2023 ** Ad
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