Operational performance in the first half of the year reflected the continued impact of legacy contracts, the challenges in ...

Despite financial challenges, Petrofac Ltd (POFCF) secures significant new awards and progresses on key projects.

The FTSE 100 index ended down 83.81 points, 1.0%, at 8,236.95. The FTSE 250 closed 187.37 points lower, 0.9%, at 21,053.19, and the AIM All-Share shed 5.22 points, 0.7%, at 740.43.

The cash outflow would have been greater had Petrofac been paying its lenders – net interest paid dropped from $47mn in the first half of 2023 to $17mn this year. Net debt stood at $622mn as of 30 ...

POFCY's financial restructuring plan to convert a significant portion of its debt into equity is a significant step toward strengthening the company's balance sheet.

Shares of Petrofac Limited ($GB:PFC) plummeted nearly 25% as of writing after it released disappointing results for the first ...

It’s a gloomy start to the week in Europe this morning with markets failing to take their cue from China, which continues its ...

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Petrofac reported a challenging first half on Monday, with revenue reaching $1.24bn, a slight increase from $1.23bn in the ...

Shares of British oilfield services provider Petrofac dropped 33% on Monday after the company reported bigger half-yearly losses amid difficulties in closing legacy contracts in its biggest unit.

Danish shipowner and offshore wind specialist Ziton is getting new owners. A fund advised by Australia’s Macquarie Asset ...

Petrofac Ltd has reached a preliminary agreement with some of its key stakeholders that will see creditors convert a majority of the firm’s debt into equity, significantly diluting existing ...