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Mustang, a subsidiary of oilfield support services firm Wood Group, has been awarded engineering and support contracts for the world's biggest semi-submersible production facility. This enormous processing plant will serve the Ichthys gas field, 200 kilometres (km) off the coast of Western Australi
30 Apr 12 08:10- Miners rebound after steep losses yesterday - Eyes on Spanish yields as industrial output slips - BT falls after downgrade The Footsie swung between gains and losses on Wednesday morning after closing at a four-month low the day before. The blue chip index lost 2.24 per cent on Tuesday to finish
11 Apr 12 08:27Wood Group said that holders of its B shares who had their holdings bought back by the company at 140p a share should be receiving funds from the transaction in the next week or two. The buy-back was part of the oilfield services group scheme to return £665m of cash to shareholders, announced in Ju
11 Apr 12 07:23Drugs and utilities stocks were among the few making gains on Tuesday afternoon, as investors sought 'safer', more defensive assets on the back of some gloomy employment data out from the US on Friday. GlaxoSmithKline and AstraZeneca were providing a lift in the pharmaceuticals and biotechnology se
10 Apr 12 15:09Wood Group has sold its US-based aero engine maintenance provider, Wood Group Turbopower to CPR Aerospace. The business has been discontinued for several years. The gross assets of the business disposed of were $18.7m. The share price fell 0.14% to 712.00p. NR
5 Apr 12 12:23Mark Wells, a non-executive director at Kofax, a provider of capture driven process automation solutions, bought 15,000 at 302.00p each this week. The £45,300 purchase comes one month after the firm reported a 31% slide in profit to $3.8m for the quarter ended December 31st. Total revenues for th
20 Mar 12 16:19Oilfield support services behemoth Wood Group has got the gig to provide oil and gas colossus Shell with sub-sea, umbilical, riser and flow-line (SURF) engineering and construction management services worldwide. The primary focus of the five-year frame agreement is on the Asia Pacific region, along
15 Mar 12 07:28Morrison is 'delivering for shareholders again', according to Jefferies which has reiterated its buy recommendation and 350p target price for the supermarket retailer this morning. The US broker says that Morrison's final results look strong, with profits before tax (PBT) of £935m coming in ahead o
8 Mar 12 12:11UBS believes that the post-results share price fall for oil services engineering group Wood Group represents a good buying opportunity and has raised its target price for the stock from 730p to 810p. Wood Group reported on Tuesday that profit from continuing operations before tax and exceptionals i
8 Mar 12 10:52Admiral: Nomura raises target from 1,100p to 1,300p, buy rating kept; Collins Stewart ups target from 975p to 1,110p, hold rating kept; Credit Suisse reiterates outperform rating and 1,300p. Afren: UBS raises target from 140p to 150p, buy rating maintained. Amlin: Jefferies raises target from 317p
8 Mar 12 09:31John Wood: HSBC downgrades to underperform from neutral. Aquarius Platinum: Panmure Gordon upgrades to buy from sell. Lonmin: Panmure Gordon upgrades to buy from sell. Admiral: Nomura maintains buy rating and 1,100p target. Anglo American: AlphaValue upgrades to buy from add and lowers pri
7 Mar 12 08:33Every sector was either flat of registering losses on Tuesday, as the ongoing Greek crisis dampened sentiment across equity markets. Europe is awaiting a final decision this week on the Greek debt restructuring. Private investors have a March 8th deadline to decide if they will accept a debt exchan
6 Mar 12 16:18- IIF warns of 1trn euro damage to Eurozone. - Fresnillo bucks sector trend to rise after results. - Defensives in demand. With just a couple days to go before the Greek debt-swap deadline, investors were in a cautious mood as the Footsie slipped lower in early trading on Tuesday. Europe is awaiti
6 Mar 12 08:33Wood Group's strategy to focus more on its positions in engineering, production facilities support and gas turbine services seems to be paying off, after the group reported strong growth in both profits and revenues in 2011. Profit from continuing operations before tax and exceptionals increased 62
6 Mar 12 07:21Oilfield services behemoth Wood Group is set to release full year results, hot on the heels of sector peer Petrofac, which pleased the market with its figures on Monday. The market is expecting Wood to produce profit before tax of £251.3m on revenue of £4.1bn. Earnings per share are tipped to rise
5 Mar 12 18:41
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