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Trade Petrofac Shares
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Petrofac and Market Latest NewsYahoo! Finance: PFC.L NewsPetrofac gets $400m Kuwait pipeline contract (ShareCast) Oil services group Petrofac has won a $400m (£256m) contract with the Kuwait Oil Company (KOC) to build fuel gas and gas oil pipelines.
International Power loses steam, FTSE reverses [at Financial Times] (FT Times)International Power slipped from its highest level in nearly two years as the FTSE 100 went into reverse.
European share rally peters out on profit taking (Other)GARP Revisited Markets are now offering growth at a reasonable price.
Anglo American falls on broker break-up call [at Financial Times] (FT Times)Anglo American was a talking point on Monday in one of London's most thinly-traded sessions of the year after Merrill Lynch argued that the miner should break itself up.
FTSE rises but mining groups hit by falling Chinese imports (Other)Mining stocks missed out on the upbeat sentiment that helped the blue-chip index start the week on a positive note.
London close: BP rally lifts Footsie (ShareCast)BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight.
FTSE 100 movers: Bid speculation propels BP (ShareCast)Bid speculation continues to push the BP share price higher.
London afternoon: Resource stocks hog the action (ShareCast)Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains.
London midday: BP a bright spot in lacklustre Footsie (ShareCast)Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall.
London mid-morning: BP lifted by asset sale rumour (ShareCast)There are twice as many FTSE 100 constituents in decline as on the rise but thanks largely to a strong showing by BP the blue-chip index is in positive territory.
London open: A struggle after bright start (ShareCast)London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP.
London pre-open: Winning streak to continue (ShareCast)It looks like London could extend its winning streak to five sessions after Wall Street rallied Friday afternoon, with futures prices indicating an early 11-point gain.
Petrofac secures lucrative Romanian contract (ShareCast)Oil industry services giant Petrofac has won its first production enhancement services contract in Romania after tying up a deal with Petrom, which owns the Ticleni oilfield and its eight satellite fields.
Market overview: Impressive recovery for Footsie (ShareCast)1630: Close A big recovery among the high street banks helped get London back above 5,000 for the first time in a week. The FTSE 100 added 49 to 5,014 on hopes the impact of European bank stress tests will not be as severe as feared. Bullish investors also pounced on predictions of better than expected Q2 results from American bank State Street. Barclays topped the leader board with a 5.6% gain. Talk of a bid from Qatar had Sainsbury's higher, while possible investment from the Middle East buoyed BP. The market wasn't impressed with Q1 numbers from M&S. It ended down 2.7%.
Market overview: Footsie down 6 (ShareCast)1500: London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. The US was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSBC are down but Barclays is now in the blue. FTSE 100 down 6 points to 4,958.
Market overview: Footsie down 33 (ShareCast)1310: London's top stocks have narrowed losses but still comfortably in the red. Banks, miners and retailers continue to dominate the major fallers. Stocks in the US are expected to make a lacklustre start; the Dow Jones seen down 19 points. FTSE 100 down 33 points to 4932.
Market overview: Footsie down 50 (ShareCast)1140: Blue chips are struggling to make any headway despite another good showing from BP. Reports that chief executive Tony Hayward is touring the Middle East drumming up support and talk that the relief well in the Gulf of Mexico is nearing completion are encouraging the buyers. Marks & Spencer is lower on a muted response from the City to its trading update today. Miners are also under pressure. FTSE 100 down 50 at 4,914.
Market overview: Footsie below 4,900 (ShareCast)1011: London is trading near its lows for the day, down 69 at 4,895, as US futures prices point to an early 50-point drop for the Dow. Burberry is now off 5%, while bank have joined the fray, falling ahead of news on Europe-wide bank stress tests, expected today. HSBC is struggling.
Market overview: Losses grow (ShareCast)0921: The FTSE 100 has dropped 55 points to 4,909. Retailers M&S, Next and Burberry are among the biggest fallers, joined by heavyweight miners Rio Tinto, Kazakhmys and Antofagasta. BP is up on further speculation about asset sales and possible investment by sovereign wealth funds.
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Petrofac: Financial Spread Betting vs CFD vs Share DealingTable below compares Financial Spread Betting, Contract For Difference and Share Dealing trading. For simplicity we use the average brokerage fees to calculate the profit/loss if £1,000 available for investment in Petrofac shares (Petrofac share price is 450p). Supposedly, you think that Petrofac shares will go up by 10% in one month.
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Petrofac: Financial Spread Betting and Contracts For Difference (CFDs) are margined (or leveraged) products and let you go long (buy) or short (sell) with Petrofac shares, they are more suitable for short and medium term investments and cover a wide range of markets, including shares, indices, commodities and currencies. Share investing, on the other hand, is a conservative and old way of gaining financial independence and preserving capital. Even though some stockbrokers offer credit facilities it is very rare and not popular amongst private investors.
Risk Warning: Financial Spread Betting and Contracts For Difference (CFDs) are leveraged products and carry a high level of risk to your capital. You may lose more than your initial investment. Share price can go down as well as up and returns on investments are not guaranteed.