Last checked at 3 Jul 2023 08:40
TOP NEWS: John Wood wins USD250 million Brunei contract extension
(Alliance News) - John Wood Group PLC on Monday said it was awarded a two-year contract extension by Brunei Shell Petroleum Co.
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Wood Group (J) Information
Share Price Information for Wood Group (J) (WG.)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
185.50
Bid:
185.60
Ask:
186.10
Change:
-1.90 (-1.01%)
Spread:
0.50 (0.269%)
Open:
192.00
High:
192.00
Low:
182.50
Prev. Close:
187.40
Last checked at -
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Don't have an account? Click here to register.Exane upgrades Wood Group, highlights promising Upstream engineering pipeline
Mon, 12th Sep 2016 07:46
(ShareCast News) - Exane BNP Paribas upgraded Wood Group to 'outperform' from 'neutral' and raised the price target to 815p from 695p.It noted the shares have lagged more operationally-geared peers year-to-date."Wood offers relatively low-risk exposure to a number of areas of early-cycle spending growth, with a differentiated outlook in upstream engineering, and screens attractively versus the sector on free cash flow yield and embedded value-based metrics."Given the compression in relative dividend yield between AMEC and Wood Group, we think the latter should be particularly attractive for income hunters in the sector."The bank said that when it downgraded the stock last Autumn, one of its concerns was the potential for structural impacts to its revenue line to continue to impede the overall revenue recovery in the business. It estimated that the structural impact could be around 30% of the upstream/subsea engineering business.Although Exane still thinks this holds, it said that in several business lines, the cyclical slowdown has overwhelmed the revenue recovery impact, with around 50% of the business now at or around the trough.Upstream Engineering is down around 45% from the peak and Exane reckons this would be more than 50% were it not for Wood's entry into Saudi Arabia.It said Subsea engineering will likely be down about 50% from the peak in 2017, while North Sea revenues are already down about 60% from the peak.The bank said Wood Group's first-half results revealed a promising pipeline in Upstream engineering, for the first time in at least three years, thanks to secured contracts for projects such as Tengiz and Leviathan."In fact, we think the outlook is perhaps even more promising when looking out around 12 months."Wood Group shares closed flat on Friday at 701.94p.
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3 Jul 2023 07:46
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Wood Group secures $250m contract extension in Brunei
(Sharecast News) - Wood Group said on Monday that it has secured a $250m contract extension from Brunei Shell Petroleum, Brunei's largest energy producer.
Read more14 Jun 2023 14:58
Petrofac Ithaca, Wood Group workers to resume North Sea strike
June 14 (Reuters) - British union Unite said on Wednesday that North Sea offshore oil and gas workers employed by Petrofac on the FPF1 platform, and by the Wood Group UK Limited on TAQA platforms will resume strike action over pay next week.
Read more14 Jun 2023 14:21
Petrofac Ithaca, Wood Group workers to resume strike action, Unite says
June 14 (Reuters) - British union Unite said on Wednesday that offshore workers employed by Petrofac on the FPF1 platform, and the Wood Group UK Limited on TAQA platforms will resume strike action next week.
Read more2 Jun 2023 11:43
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Read more19 May 2023 14:54
John Wood investor Sparta Capital calls for buyback again
(Alliance News) - John Wood Group PLC should announce a share buyback programme to reverse its "material undervaluation", a shareholder said on Friday.
Read more15 May 2023 17:22
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Currys up after lifting annual earnings forecast
*Read more15 May 2023 17:11
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LONDON MARKET CLOSE: Miners lift FTSE 100 in lukewarm start to week
(Alliance News) - Mining shares helped the FTSE 100 outperform on Monday, though peers in Europe only achieved minor gains in a tepid start to the week.
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15 May 2023 12:22
LONDON MARKET MIDDAY: Stocks mostly up, but US budget impasse worries
(Alliance News) - Stock prices in London were largely higher at midday on Monday and the pound held firm against the dollar, with the FTSE 100 boosted by a strong performance by mining stocks.
Read more15 May 2023 12:11
Wood Group shares sink after Apollo abandons 1.7 bln pound bid
May 15 (Reuters) - Shares in John Wood Group were on track for their biggest one-day drop on record on Monday after U.S.-based Apollo Global Management said it would not proceed with a takeover of the British engineering services firm on its fifth attempt.
Read more15 May 2023 11:21