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Petrofac delays results, says it may need to convert existing debt to equity

Petrofac tumbled on Monday as it announced a delay to the publication of its full-year results and said it may have to convert a significant proportion of its existing debt to equity.

Sunday share tips: Mitie, Costain - Sharecast com

The Financial Mail on Sunday's Midas column tipped shares of Mitie to its readers, highlighting it shift from facilities management to facilities transformation.

Director dealings: Petrofac chairman ups stake

Renewi shares rise on new Dutch facility opening

Shares in Renewi rose strongly on Tuesday after the FTSE 250-listed recycling firm announced the opening of a new hard plastics sorting facility in The Netherlands which it said will help deliver on its sustainable organic growth objectives.

Wood Group misses estimates for 2023 but upgrades guidance

Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.

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