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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

London Stock Exchange
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Share Price: 150.10
Bid: 149.90
Ask: 150.10
Change: 0.30 (0.20%)
Spread: 0.20 (0.133%)
Open: 149.40
High: 150.50
Low: 149.40
Prev. Close: 149.80
WG. Live PriceLast checked at -

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Friday tips round-up: Sports Direct, John Wood Group

Fri, 13th Dec 2013 09:18

Sports Direct pile-it-high-sell-it-cheap business model is not very innovative, but they are very good at it. Over the last year the company has seen its share price rise by 76 per cent, staff received a 78,000 pound bonus each and first half sales increased by no less than 24 per cent. Naturally, the latter means that its clients are more than happy with the current set-up. The exception to all of the above are some of the company's suppliers, such as Adidas. The German sportswear maker is refusing to let Sports Direct sell replicas of next year's Chelsea home jerseys. It may be sore that SportsDirect undercut its prices on this year's kit. However, the tiff will in all likelihood blow over. Furthermore, only half of its sales come from third party brands, although Adidas is a big part of that. In any case, at 22 times' earnings the stock price is discounting a successful push into Europe. The company's chief, Dave Forsey, has his work cut out for him, the Financial Times' Lex column said. The additional detail provided by John Wood Group on Thursday hit the company's shares hard, even though it was merely an extension of the outlook which it published last August. Simply put, the company's engineering division is feeling the impact of oil majors' renewed focus on the economics of large investment projects. That division is geared towards work on the initial stages of large installations in oil and gas. As well, its turbines division has seen a slowdown in orders, to which one must add some deferrals from clients on maintenance. However, the firm's PSN arm is more exposed to operational spending - which must go ahead no matter what - and has a large exposure to shale. In any case, the fact remains that revenues and earnings will be up next year for the group as a whole because of that segment. Selling at approximately 11 times' forward earnings, the diversification of its business units and the fact that big projects which have been delayed will one day have to be started, work in Wood's favour. Hence, Thursday's share price fall looks overdone, though it may take the market a little time to cotton on to this, The Times' Tempus wrote. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.AB
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15 May 2023 09:19

LONDON MARKET OPEN: Currys outperforms; Wood Group plummets

(Alliance News) - Stock prices in London opened higher on Monday, as a strong performance from mining stocks helped to bolster a cautious optimism, despite concerns over the potential of a US debt default.

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15 May 2023 08:58

STOXX firm despite political, debt ceiling jitters

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX FIRM DESPITE POLITICAL, DEBT CEILING JITTERS (0751 GMT)

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15 May 2023 07:56

LONDON BRIEFING: BAT names new CEO; no offer for John Wood Group

(Alliance News) - Stocks in London were set to open higher on Monday, as investors wait for postponed discussions on the US debt ceiling to resume.

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15 May 2023 07:09

Apollo pulls plans for Wood Group bid

(Sharecast News) - Shares in Wood Group plunged by more than a third on Monday as US private equity firm Apollo Global pulled plans to make a takeover offer for the UK oil industry engineer.

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11 May 2023 09:51

John Wood notes good momentum across all units in first quarter

(Alliance News) - John Wood Group PLC on Thursday said it was trading in line with expectations in the first quarter of 2023, but added that it was mindful of the uncertain economic backdrop moving forward.

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11 May 2023 07:03

Wood Group holds guidance as Q1 revenues grow

(Sharecast News) - Oil and gas engineer Wood Group, currently in talks on a potential $1.6bn takeover by private equity group Apollo, held annual guidance as first quarter revenues increased.

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4 May 2023 16:11

UK shareholder meetings calendar - next 7 days

Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Caledonia Mining Corp PLCAGM
Direct Line Insurance Group PLCAGM
Foxtons Group PLCAGM
Hostelworld Group PLCAGM
IWG PLCAGM
Just Group PLCAGM
Midwich Group PLCAGM
Osirium Technologies PLCAGM
Windward LtdAGM
Wednesday 10 May 
abrdn PLCAGM
Antofagasta PLCAGM
Cenkos Securities PLCAGM
Ecora Resources PLCAGM
H&T Group PLCAGM
Harbour Energy PLCAGM
Jupiter Fund Management PLCAGM
Literacy Capital PLCAGM
Luceco PLCAGM
Marshalls PLCAGM
National Express Group PLCAGM
Renewables Infrastructure Group LtdAGM
Rentokil Initial PLCAGM
Seplat Energy PLCAGM
Spirax-Sarco Engineering PLCAGM
TClarke PLCAGM
Thursday 11 May 
88 Energy LtdAGM
Cairn Homes PLCAGM
Capita PLCAGM
Clarkson PLCAGM
Costain Group PLCAGM
Eleco PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genedrive PLCGM re Equity Prepayment Facility
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Irish Continental Group PLCAGM
John Wood Group PLCAGM
MyHealthChecked PLCAGM
OSB Group PLCAGM
Poolbeg Pharma PLCAGM
Rolls-Royce Holdings PLCAGM
Serinus Energy PLCAGM
Uniphar PLCAGM
Videndum PLCAGM
WAG Payment Solutions PLCAGM
  
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21 Apr 2023 08:40

UPDATE: Network International jumps on takeover battle

(Alliance News) - Network International Holdings PLC on Friday confirmed that it has received another takeover offer, this time from Brookfield Asset Management Ltd.

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20 Apr 2023 14:21

Midcaps, big targets in the UK

U.S. stock futures suggest sharply lower open

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17 Apr 2023 17:37

Consumer staples boost FTSE 100; banks limit gains

John Wood Group gains on Apollo Management's buyout deal

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17 Apr 2023 17:33

European shares snap five-day winning streak as banks, chips fall

Chipmakers lead tech sector lower

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17 Apr 2023 16:57

LONDON MARKET CLOSE: FTSE 250 shines but large-caps tepid on Fed bets

(Alliance News) - The FTSE 100 closed off sessions highs after listless afternoon trading on Monday, though the FTSE 250 was given some impetus from M&A moves.

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17 Apr 2023 14:58

UK's THG gets buyout proposal from Apollo, shares jump

British online firm receives 'highly preliminary' approach

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17 Apr 2023 12:15

Is that all priced in by now?

STOXX 600 up 0.1%

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17 Apr 2023 12:12

LONDON MARKET MIDDAY: Stocks green amid takeover activity; pound soft

(Alliance News) - Stock prices in London were higher at midday on Monday as news of possible takeovers of FTSE 250 constituents gave a boost to investor sentiment.

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