London’s blue chip index ended yesterday down 0.2%, or 14.98 points at 7,507.89.
Wood plc – the new brand name for Wood Group – dropped 7.5p to 722.5p after it announced the formal completion of its £2.2billion takeover of Amec Foster Wheeler.
Chief executive Robin Watson said completing the deal was a “tremendous” feat. Read Energy Voice’s exclusive interview here.
Petra Diamonds tumbled 4.5p to 79p amid warnings that the company is at risk of breaching its loans terms this year. The announcement comes nearly a month after Petra was forced to suspend operations in its Tanzanian mine following a government probe into the diamond market.
Trinity Mirror fell 4.25p to 79p after the Daily Mirror publisher posted a 8% drop in third quarter like-for-like sales amid lower revenues from print advertising and circulation.
Revolution Bars shares rose 4p to £2.11 after the firm rejected a merger proposal from the UK’s biggest nightclub operator Deltic, saying it would prefer a cash offer.
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