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Wood Group, the oilfield support services company, will today welcome its newly appointed Chairman, Allister Langlands, the former Chief Executive Officer of the company, who has been replaced by Bob Keiller. Langlands has been the CEO of Wood Group since January 2007 and before that Deputy Chief
Read moreOil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
Read moreOilfield support services Wood Group has bagged a multi-million pound contract for a wind farm off the coast of the UK. The £17m contract is to fabricate, install, commission, operate and maintain two weather monitoring stations off the Norfolk and Suffolk coast. Fabrication of the meteorological
Read moreThere is nothing like a profit warning to induce a director purchase, and Monday saw an almost classic example relating to Morgan Crucible. On Friday the shares plummeted after the industrial materials provider warned trading conditions have deteriorated across most geographies, particularly in Eur
Read moreWood Group, the international energy services company, has completed the acquisition of Mitchells Oil Field Services. As previously announced, the $135m acquisition significantly increases the company's presence in the US Bakken shale region and is expected to be earnings-enhancing from completion.
Read moreWood Group, the international energy services company, has confirmed that is has received anti-trust approval from the US Federal Trade Commission for its proposed acquisition of Mitchell's Oil Field Services. The conditions of the acquisition have now been satisfied, and the transaction is now exp
Read more- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
Read moreBlue-chip mining stocks were registering impressive gains following decent figures in the US jobs report, which has eased concerns about the global economy and worries about the demand for commodities. ENRC, Kazakhmys, Evraz, and Vedanta, were among the risers. Luxury brand Burberry rose after Mor
Read more- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
Read more- Burberry, Wood Group and miners lift FTSE 100 early on - Markets await US payrolls data - IMF to cut global GDP forecast Stocks edged higher on Friday morning ahead of some closely-watched jobs data from the US later today; Burberry, Wood Group and the miners were among the highest risers on the
Read moreWood Group is doing more than all right in favourable energy markets, and expects strong cash-flow in the remainder of the year. The group continues to deliver good growth and is confident of achieving full year performance in line with expectations. The group is divided into three divisions - Eng
Read moreAnglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreCity sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,828, boosted by a significant rise in US stocks last night, which were in turn buoyed by positive economic data readings ahead of the September jobs report and following "as-expected" policy decisions this afternoon
Read moreOilfield services firm Wood Group continues to be confident of hitting full year profit targets, with conditions in energy markets remaining favourable. "We anticipate strong operating cash flow in the second half, and our strong balance sheet provides a robust platform for growth," the group's int
Read moreFriday is a slow day for scheduled corporate news so focus will naturally veer across the Atlantic to the September US non-farm payrolls release at 13:30. The market is expecting payrolls to increase by 111,000 after August's 96,000 increase. The US unemployment rate is seen rising to 8.2% from 8.1
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