Cape Plc

Type: Company
Name: Cape Plc
Nationality: United Kingdom
Web Address: http://www.capeplc.com/
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Cape upgraded by Numis

StockMarketWire.com - Numis has upgraded its recommendation on Cape [LON:CIU], which provides services to the energy industry, to ‘buy’ from ‘hold’ following yesterday’s interim results and subsequent analyst meeting. The broker stated that the upgrade ... [Published Stock Market Wire - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

In the papers 'George Osborne will miss export target"

The Times                       Tesco ’s woes deepen as shoppers check out: Sales at Britain’s largest supermarket group have plunged and its market share has slipped again, highlighting the challenge facing Dave Lewis, Tesco ’s incoming Chief Executive. ... [Published Proactiveinvestors United Kingdom RSS feed - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 4 reports

Cape anticipates stronger H2 with Wheatstone LNG activity

Cape plc, a provider of critical industrial services to the energy and natural resources sectors, has announced its H1 results for 2014.HighlightsOverall trading performance in line with expectation.Order intake during the first half increased by 33% ... [Published LNG Industry - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 2 reports

Investec Reaffirms “Add” Rating for Cape PLC (CIU)

Cape PLC (LON:CIU)A number of other firms have also recently commented on CIU. Analysts at Numis Securities Ltd reiterated a "hold" rating on shares of Cape PLC in a research note on Wednesday. They now have a GBX 310 ($5.13) price target on the stock. ... [Published American Banking News - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Cape Half-Year Pretax Profit Jumps As Currency Movements Hit Revenue

LONDON (Alliance News) - Cape PLC said Wednesday that pretax profit in its first-half nearly tripled as revenue dropped on adverse currency movements while the company said trading remains in line with expectations, driven by a strong performance in its ... [Published Crawford Financial Planning - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

UPDATE 1-Cape Plc's first-half adj profit falls on strong pound

(Adds details, share movements)Aug 27 (Reuters) - Cape Plc, a British energy services firm, reported a 13 percent fall in first-half adjusted pretax profit, hurt by a strong pound and fewer construction projects.Cape said it expected a stronger second ... [Published London South East - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

BRIEF-Cape H1 revenue down 13 pct

7:24am BSTAug 27 (Reuters) - Cape Plc :* Revenue decreased by 13% to £322.3m (h1 2013: £370.8m)* Order intake during first half increased by 33% to £317m (h1 2013: £239m)* Group has declared an interim dividend of 4.5p (h1 2013: 4.5p) per share* H1 profit ... [Published Reuters UK - Aug 27 2014]
Entities: Cape Plc, Dividend, Taxes
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Energy services firm Cape's profit surges on contract wins

7:24am BSTAug 27 (Reuters) - Cape Plc, a British energy services firm, reported first-half pretax profit nearly tripled, helped by its acquisition of Motherwell Bridge and a maintenance contract in Hong Kong.Pretax profit rose to 17.1 million pounds ($28.3 ... [Published Reuters UK - Aug 27 2014]
First reported Aug 06 2014 - Updated Aug 06 2014 - 1 reports

Cape extends contract with Oil Search

Cape has been awarded a contract extension to the Onshore General Services Agreement with Oil Search Ltd.The contract covers a range of services including supervision, access solutions, protective coating, insulation, trade assistance, general tools and ... [Published Energy Global - Aug 06 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Liability of a parent company for the employees of a subsidiary

In the 2012 case of  Chandler v Cape plc , the Court of Appeal held that a parent company owed a direct duty of care to an employee of a subsidiary who contracted asbestosis through exposure to asbestos dust. This was the first reported case to reach ... [Published The Lawyer - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Holding company liability for health and safety

Good Company July 2014 editionThe Court of Appeal has recently overturned a County Court decision and confirmed that a group holding company was not liable to an employee of one of its subsidiaries who had contracted asbestosis.David Thompson was exposed ... [Published Field Fisher Waterhouse - Jul 28 2014]
First reported May 27 2014 - Updated May 27 2014 - 1 reports

Cape secures contract for work at Kumul Marine Terminal Offshore PNG

Cape announces new contract win in Papua New GuineaCape is pleased to announce the award of a new Tags: Cape plc ... [Published Scandinavian Oil-Gas Magazine - Full Feed - May 27 2014]

Quotes

"Market conditions remain mixed with strong demand in the MENA region, but construction activity remains subdued in many other parts of the world. We anticipate a stronger second half as activity ramps up on the Wheatstone LNG project in Australia , UK margins recover to normal levels and the Group continues to benefit from the recent acquisition of Motherwell Bridge " said Chief Executive Joe Oatley
"Overall, the board anticipates that the full year performance will be in line with expectation and remains confident in the future growth prospects of the group."
"We believe a ramp-up in activity at Wheatstone, an improving UK onshore margin, as well as the positive impact of the Motherwell Bridge acquisition provides visible growth in 2H14 and 2015" Numis analysts said in a note
Commenting on the extension, Mike Harding, Director for Philippines, Thailand, Myanmar, Vietnam and PNG said: "Securing this contract extension is seen as a major achievement, and signifies our long term goals to further expand our on-going operations in PNG. We look forward to working closely with Oil Search on this contract extension and supporting them in continuing to deliver on time and safely.”"

More Content

All (18) | News (18) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Cape upgraded by Numis [Published Stock Market Wire - Aug 28 2014]
In the papers 'George Osborne will miss export ... [Published Proactiveinvestors United Kingdom RSS feed - Aug 28 2014]
Cape anticipates stronger H2 with Wheatstone LN... [Published LNG Industry - Aug 27 2014]
Investec Reaffirms “Add” Rating for Cape PLC (CIU) [Published American Banking News - Aug 27 2014]
Cape Half-Year Pretax Profit Jumps As Currency ... [Published Crawford Financial Planning - Aug 27 2014]
Cape PLC’s “Neutral” Rating Reiterated at WH Ir... [Published American Banking News - Aug 27 2014]
Cape : Half-Year Pretax Profit Jumps As Currenc... [Published 4 Traders - Aug 27 2014]
Cape expects stronger second half [Published MoneyAM - Aug 27 2014]
UPDATE 1-Cape Plc's first-half adj profit falls... [Published London South East - Aug 27 2014]
BRIEF-Cape H1 revenue down 13 pct [Published Reuters UK - Aug 27 2014]
Cape H1 Profit Up; Sees Stronger H2 - Quick Facts [Published RTTNews.com - Aug 27 2014]
Energy services firm Cape's profit surges on co... [Published Reuters UK - Aug 27 2014]
Cape extends contract with Oil Search [Published Energy Global - Aug 06 2014]
Liability of a parent company for the employees... [Published The Lawyer - Jul 29 2014]
Holding company liability for health and safety [Published Field Fisher Waterhouse - Jul 28 2014]
Cape secures contract for work at Kumul Marine ... [Published Scandinavian Oil-Gas Magazine - Full Feed - May 27 2014]
Cape acquires UK-based Motherwell Bridge [Published Scandinavian Oil-Gas Magazine - Full Feed - Mar 13 2014]
The Pay Zone: Oil Price, Caza Oil & Gas, Dart G... [Published Proactiveinvestors United Kingdom RSS feed - Mar 11 2014]
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