LONDON (ShareCast) - Shares in oil services provider Petrofac are still in demand after the oil services group reported a 31% rise in half year profits Wednesday.
The company was also helped by a rise in the crude price with Tropical Storm Gustav threatening platforms in the Gulf of Mexico. Oilfield services specialist John Wood Group, which posted a 44% rise in interim profits Tuesday, also advances.
Nuclear power giant British Energy, which yesterday told Reuters it is ‘optimistic’ about a deal with France’s EDF, is another riser.
Pub group Enterprise Inns leads the fallers after some negative broker coverage. Landsbanki lowered its rating on the company to ‘reduce’ from ‘hold’, while Credit Suisse started coverage on the stock with an ‘underperform’ rating.
RSA Insurance gives up some of the gains it made yesterday on speculation of a bid from Zurich Financial Services.
FTSE 100 - Risers Petrofac Ltd (PFC) 652.00p +4.99%
London Stock Exchange Group (LSE) 792.00p +3.94%
John Wood Group (WG.) 468.75p +2.97%
Experian Group (EXPN) 417.25p +2.83%
HBOS (HBOS) 314.00p +2.78%
Cairn Energy (CNE) 2,934.00p +2.70%
British Energy Group (BGY) 734.00p +2.37%
Rexam (REX) 405.25p +2.27%
British Airways (BAY) 253.00p +2.12%
G4S (GFS) 231.50p +2.09%
FTSE 100 - Fallers Enterprise Inns (ETI) 302.50p -3.89%
Vodafone Group (VOD) 140.40p -1.72%
RSA Insurance Group (RSA) 151.80p -1.49%
International Power (IPR) 393.50p -1.38%
TUI Travel (TT.) 205.75p -1.32%
Prudential (PRU) 547.50p -1.26%
National Grid (NG.) 721.00p -1.10%
Legal & General Group (LGEN) 100.70p -1.08%
Pearson (PSON) 671.00p -0.96%
Kingfisher (KGF) 132.10p -0.90%
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