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"Amec Foster's strategy review revealed the extent of the work that needs to be done to keep the business on an even keel. Today's announcement suggests that even with a slightly improved oil price, it's going to be a long, slow climb," said Nicholas Hyett, equity analyst at Hargreaves Lansdown.
Fearful investors continue to desert Amec Foster Wheeler in spades. But is a turnaround just around the corner?
Morgan Stanley upgraded AMEC Foster Wheeler plc American Depositary Shares (NYSE: AMFW ) to Overweight on potential restructuring benefits to be announced by new CEO. "The new savings cost plan, likely ...