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Petrofac stock dives after shares-for–debt proposal revealed

Petrofac stock dives after shares-for–debt proposal revealed
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Petrofac Limited: Trading Update -2-

Petrofac Limited: Trading Update -2-
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Pound falls as UK inflation hits two-year low of 3.9%

Stocks in London are expected to rally at Wednesday's open, following a shock UK inflation print.

Data from the Office for National Statistics showed headline inflation fell below 4% annually, and...

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LONDON BRIEFING: Pound falls as UK inflation hits two-year low of 3.9%

LONDON BRIEFING: Pound falls as UK inflation hits two-year low of 3.9%
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Petrofac shares soar on "healthy" trading and new Hitachi deal

Petrofac Ltd on Wednesday announced a mixed but robust performance this year, and announced a new contract with Hitachi Energy.

Shares in Petrofac surged up 38% to 30.96 pence each on Wednesday...

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Petrofac shares soar as short sellers cash out

Petrofac, which is grappling with payment delays, warned earlier this month that it would no longer be able to meet its annual forecast of 'broadly neutral free cash flow.'

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Petrofac considers sale of non-core assets

Petrofac has announced that its board is weighing options for the business including the sale of non-core assets.

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Petrofac to miss cash flow guidance; considers non-core assets sale

Petrofac Ltd on Monday said it is in discussions to sell its non-core assets and warned it expects to miss its cash flow guidance amid delays in payments.

Shares in Petrofac jumped 31% to 22.22...

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Petrofac makes Board appointment and provides business update

Petrofac makes Board appointment and provides business update
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Petrofac to flog non-core assets as performance targets abandoned

Petrofac is plotting a sell-off of non-core assets after the oil services group warned it will be unable to meet full-year guidance.

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