Scots stocks: Oil price rise projections help to give Scottish operators a shares lift
Published Date:
21 August 2008
GOLDMAN Sachs caused oil producers to rise yesterday after reiterating its belief that crude oil would end the year at $149 a barrel. Although crude prices fell yesterday, Cairn Energy added 3.5 per cent, or 92p, to 2,737p, while Dana Petroleum rose 6 per cent to 1,371p and Venture Production jumped 20.5p to 765p.
Stagecoach fell due to fuel concerns, down 4p to 280p, despite being named on the shortlist to operate the new South Central rail franchise. After rising on takeover speculation on Tuesday, Scottish & Southern Energy slipped 38p to 1,415p.
John Menzies, which is due to report interim results today, fell 7.75 per cent to 333.25p. The logistics company has been hammered by fears for both the media and aviation sectors in which it operates, and the cost of fuel. ProStrakan, which also reports interim results today, fell 1p to 89p.
Wolfson Microelectronics was unchanged at 117.5p despite buying 37,000 shares for cancellation.
On the Aim, Edinburgh-based CCTV company Indigovision announced a major contract to upgrade almost 1,200 cameras for First Capital Connect, covering railway stations throughout the south of England. Shares closed off 2.5p at 415p.
The full article contains 215 words and appears in The Scotsman newspaper.
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Last Updated:
20 August 2008 9:16 PM
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Source:
The Scotsman
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Location:
Edinburgh
