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Wood Group agrees gas turbine venture with Siemens

Oil services company Wood Group and German industrial giant Siemens have formed a gas turbine joint venture. Wood has agreed to merge its maintenance and power businesses with Siemens' TurboCare business division, which provides after-sales gas turbine, steam turbine and generator design, repair an

John Wood And Siemens Form Gas Turbine Joint Venture

Wood Group enters joint venture with Siemens for gas turbines

LONDON, Oct 9 (Reuters) - British energy services firm Wood Group said on Wednesday it had entered into a joint venture with Siemens AG to provide services for gas turbines, in order to strengthen the division which has suffered delays this year. Wood Group said in the statement the joint v

FTSE 250 movers: Carpetright shares hit by profit warning

Carpetright announced the departure of Chief Executive Darren Shapland as it warned falling sales meant full year profits would be 'significantly' below its previous expectations. The carpet retailer said founder and Chairman Lord Harris of Peckham would take control and become full-time Chairman. C

Wood Group confident of meeting full-year expectations

Oil and gas services company John Wood Group said it is confident of achieving growth in the full year in line with expectations. Its Wood Group Engineering business is anticipated to deliver a 10% to 15% rise in earnings before interest, tax and amortisation (EBITA) in fiscal year 2013. In Upstr

CORRECTED-Wood Group sees Canadian oil uncertainty continuing

(Corrects to make clear core profit in pars 1 and 2 refers to engineering division) LONDON, Oct 4 (Reuters) - British energy services firm Wood Group said on Friday a slowdown in Canada would weigh on results into next year, but confirmed it expects core profit at its engineering division t

Wood Group Western Canada Arm "Subdued" But Group To Meet FY Expectations

MARKET COMMENT: UK Equities Indicated Lower As US Shutdown Enters 4th Day

UPDATE 1-Ithaca Energy CEO McKendrick to leave

Sept 27 (Reuters) - North Sea oil and gas operator Ithaca Energy Inc said Chief Executive Iain McKendrick was stepping down due to personal reasons, sending its shares down as much as nine percent. Ithaca said McKendrick will be replaced by Les Thomas, a former executive at energy services

Ithaca Energy CEO McKendrick to leave

Sept 27 (Reuters) - Ithaca Energy Inc said Chief Executive Iain McKendrick was stepping down due to personal reasons and would be replaced by Les Thomas, a former executive at energy services company John Wood Group. McKendrick, who oversaw the North Sea oil and gas operator's acquisition

IN THE KNOW: FTSE Index Movers Experience Mixed Fortunes

UPDATE 1-Serco, ENRC demoted in reshuffle of Britain's FTSE

* Serco leaves Britain's top index after five-year stay * ENRC and John Wood Group also leave FTSE 100 * Coca Cola HBC, Sports Direct and Mondi make FTSE debuts * Reshuffle implemented after market close on Sept. 20 By Alistair Smout LONDON, Sept 6 (Reuters) - Outsou

Serco, ENRC demoted in reshuffle of Britain's FTSE

LONDON, Sept 11 (Reuters) - Outsourcing firm Serco and Kazakh miner ENRC will both leave Britain's top share index, FTSE confirmed on Wednesday, following a share price slumps during a year beset with difficulties for both firms. Energy services firm John Wood Group is also relegated to th

IN THE KNOW: Coca-Cola HBC, Sports Direct Mondi Line Up For FTSE 100

Innovators helping to tap oil reserves deep below the waves

* Steel can struggle to handle temperature and pressure of some deep sea wells * More acquisitions ahead for innovators of new materials and monitoring systems * Crossover from aeronautics to oil technology becoming more common By Stephen Eisenhammer ABERDEEN, Scotland, Se