Wood Group (J) Share News (WG.)
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UK shares looks set to start the session in the red after Wall Street fell following the latest Federal Reserve rate decision and stimulus update. The central bank said interest rates would stay low for some time, although it upgraded its estimate for the US economy and will continue to rein back s
17 Dec 09 07:35With just two weeks to go before the year end, oil and gas facilities service provider Wood Group believes 2009 earnings will be in line with expectations. It thanked a "robust" performance from its production support related businesses, with development related engineering activities, subsea and p
17 Dec 09 07:03Rail and bus group Arriva issues a trading statement in which the bus division is expected to outperform the rail side. In the nine months to September 30 it saw 4.9% revenue growth at is bus division, while in the 42 weeks to October 24 it saw 1.3% growth at the Cross Country rail franchise and 6.
16 Dec 09 15:08Footsie ended the week without any real sense of direction, holding onto gains posted earlier in the week. Vedanta Resources was the weakest stock in a soft mining sector after Goldman Sachs said Vedanta's aluminium, zinc and iron ore facilities were lower than Goldman had expected. Lower industri
9 Oct 09 16:31Mining stocks remain a proverbial albatross round the market's neck, dragging the Footsie below last night's closing level despite some interest in consumer stocks. Vedanta Resources is the weakest stock in a soft mining sector after Goldman Sachs said Vedanta's aluminium, zinc and iron ore facilit
9 Oct 09 14:29London ended the morning session flat with good demand for consumer stocks offsetting some profit taking among mining shares Losses on mining stocks such as Antofagasta, Vedanta and Kazakhmys have lengthened during the session as metal prices remain on a downward trajectory. Gold has fallen back f
9 Oct 09 12:05Footsie has shrugged off some profit taking among the miners and more bank weakness to open higher, with consumer stocks leading the way. Gains for Whitbread, Kingfisher and Next are helping Footsie push on despite Lloyds and Royal Bank of Scotland. Both state-controlled banks have been unsettled b
9 Oct 09 08:45Footsie looks set to open around 20 points lower after closing at its highest in over a week yesterday. Troubled sportswear retailer JJB Sports has confirmed reports it is to raise £100m through an equity issue. In a brief statement, JJB said its board has reviewed a range of options to provide add
9 Oct 09 07:37Oilfield services company Wood Group believes its 2009 performance will be in line with expectations and said it remains confident in the medium and longer term fundamentals for the business. However, the group warned that activity and margins at its development related engineering activities will
9 Oct 09 07:02Oilfield services company Wood Group earlier this month bought Baker Energy, the energy services business of US company Michael Baker Corporation. It says the purchase will make it the market leader in the provision of operations and maintenance services in the US Gulf of Mexico. However, despite t
8 Oct 09 16:34Oilfield services company John Wood Group has bought Baker Energy, the energy services business of US company Michael Baker Corporation. Wood Group is paying $37.9m in cash for Baker Energy, which provides a spectrum of operations and maintenance services to numerous oil and gas operators. Revenue
1 Oct 09 07:49Wood Group's shares are trading on a December 2009 earnings multiple of 11.9, but this rises to 12.8 next year when earnings are expected to trough. The company upped its interim dividend by 11pc, but the yield is just 1.8pc after the recent strong gains. The long-term story is intact, but the Teleg
30 Aug 09 11:51Wall Street's inability to hold onto new home sale-inspired gains was the final nail in the coffin for London, bringing to an end a six-day winning streak. Much of the blame lay with the UK-listed miners who hogged the list of largest losers on weaker metal prices. Antofagasta was among the worst
26 Aug 09 16:27Equity prices are mixed with a lower bias. The Footsie continues to drift lower, weighed down by underperforming resource stocks. Pre-tax profits plunged at Tullow in the first half of the year as the firm felt the pinch of the slide in oil prices. The oil company posted a pre-tax profit of £34.
26 Aug 09 14:32Oil equipment and services stocks are lower after two companies reminded the market how tough times are in the sector. John Wood saw profits slide in the half-year as the tough market conditions hit exploration and production (E&P) spending worldwide. UAE-focused oil and gas engineering services g
26 Aug 09 12:18
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