- US Markets Bracing for Selloff on Dubai Debt Worries
- US Dollar Falls to 14-Year Low Against the Yen
- ING Prices Share Issue at Hefty Discount
- No Thanksgiving Rest for Retailers in Sales Race
- UK's Darling to Downgrade 2009 Growth Forecast
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- US Markets Bracing for Selloff On Worries About Dubai's Debt
- Gold Retreats from Record High as Dollar Rebounds
- China Unveils Carbon Target Ahead of Copenhagen
- UK's Darling to Downgrade 2009 Growth Forecast
- No Thanksgiving Rest for Retailers in Sales Race
- Great Britain, No Longer That Great: Investor
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Attraction of Switzerland to Businesses
Text Size 
Shares of Petrofac rallied more than 5 percent Thursday to the top of the FTSE 100 after the oil and gas company said it won a 48-month integrated gas development contract in Abu Dhabi.
The contract, worth $2.1 billion, was awarded to Petrofac Emirates, a joint venture between Petrofac and Mubadala Petroleum Services. The deal has a value of around $1 billion to Petrofac Emirates.
Citigroup upgraded Schroders to buy from sell, sending shares of the money manager 2.8 percent higher. Citi upped its price target for the stock to 940p from 740p, saying that strong retail inflows and growth in the equity fund should improve the assets under management and revenue margins.
Shares of Autonomy sank 8 percent to the bottom of the FTSE following second-quarter earnings results from the software firm.
Revenue was in line with expectations, but analysts were disappointed by the deferred revenue from the Interwoven acquisition, according to Reuters.
- Reuters contributed to this report.
For the Investor:
- What you need to know.
- Ever wished your cab driver would stop nattering and just get to where you're going? Well that moment is near(er).
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
Data is a real-time snapshot *Data is delayed at least 15 minutes