By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks gained Friday, with shares
of Petrofac Ltd. helping to guide the benchmark FTSE 100 higher
after a turbulent week for equity markets worldwide.
The FTSE 100 rose 0.6% to 6,229.74, but remained on track for a weekly loss of 1.7%.
Shares of Petrofac Ltd. jumped 2.1% on Friday, gaining after the
provider of services to the oil and gas industry said it's on track
to meet its full-year profit expectations, in the range of $580
million to $600 million.
Meanwhile, Tullow Oil PLC tacked on 1.8% as the company plans to
resume exploration activities at a number of its oil sites in Kenya
after resolving a dispute with workers, according to a Dow Jones
Newswires report.
But Rolls-Royce Holding PLC skidded 7.3% lower after the engine
maker cut its full-year sales projection, saying it's received a
number of canceled or delayed orders as economic conditions have
worsened and Russian trade sanctions have tightened.
In other action, Jimmy Choo PLC shares made their trading debut
in London. Stock in the high-end shoe maker were up 0.5% after they
priced at 140 pence each ($2.27), at the bottom of an expected
range.
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