LONDON (ShareCast) - AMEC (LSE: AMEC.L - news) is among the oil equipment services stocks helping lift the sector higher after the
engineer and project management giant today confirmed it has made a conditional offer to buy Australian engineering services company GRD.
Oil and gas producers are lower though, in spite of continued rises in the oil price, with a barrel of crude moving above $72. Shell (LSE: RDSB.L - news) and BP fall back.
AstraZeneca (LSE: AZN.L - news) is helping lift the pharmaceutical sector after the drug giant said reported broadly positive results from a US Food and Drug Administration review of the use of the bipolar disorder treatment Seroquel in children and teenagers.
Top performing sectors so far today
Industrial Metals 4,721.04 +3.01%
Banks 4,017.10 +2.11%
Mobile Telecommunications 2,634.01 +2.01%
Pharmaceuticals & Biotechnology 7,264.95 +1.51%
Oil Equipment Services & Distribution 12,861.22 +1.44%
Bottom performing sectors so far today
Industrial Transportation 1,626.54 -1.31%
Automobiles & Parts 2,086.95 -0.94%
Beverages 6,046.67 -0.88%
Oil & Gas Producers 7,416.12 -0.79%
Insurance (non-life) 1,189.24 -0.75%
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