The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

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

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

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 152.00
Bid: 151.90
Ask: 152.30
Change: 2.20 (1.47%)
Spread: 0.40 (0.263%)
Open: 149.40
High: 153.50
Low: 149.40
Prev. Close: 149.80
WG. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 250 movers: Meggitt keeps index flying in the black

Tue, 23rd Feb 2016 15:01

(ShareCast News) - In contrast to its older sibling, the FTSE 250 was in the black on Tuesday afternoon, up 16.35 points (0.10%) to 16,305.15.Meggitt led the pack after it posted a small rise in 2015 pre-tax profit and lifted its dividend despite what it referred to as a challenging year.For the year ended 31 December, the aerospace and defence firm said statutory pre-tax profit nudged up 1% to £210.2m from £208.9m in 2014, as revenue grew 6% to £1.65bn.Chief executive Stephen Young said: "2015 was a challenging year for the group, with volatility across a number of our end markets affecting financial performance. However, we are confident that we are taking the right actions in the context of our long-cycle business."The record levels of investment in R&D and new product introduction follow a very successful period of winning work on new platforms. This will drive revenue growth for many decades."Wood Group wasn't too far behind despite the oil services firm reporting a drop in earnings for 2015 amid significantly reduced customer activity, as weak oil prices took their toll.For the year ended 31 December, earnings before interest, taxes and amortisation fell 14.5% to $469.7m (£333m), which was in line with the company's guidance.Total revenue, meanwhile, fell to $5.85bn from $7.62bn.The company said conditions in oil and gas markets became increasingly challenging in 2015, with oil prices down by around a further 30% and exploration and production capital expenditure down around 20%.It said the expectation of a lower-for-longer commodity price environment has led many global E&P customers to reassess capex and opex spending plans, with industry commentators anticipating further spending reductions in 2016.Investors were also happy to place a bet on Ladbrokes, after it saw 3% growth in revenue for 2015 but a hit in profit as it implements its growth strategy.For the year to 31 December 2015, revenue grew from £1.16bn to £1.19bn excluding exceptional items and revenue from high rollers, which can vary significantly from year to year.Retail revenue in the UK grew 2% while digital revenue rose 12.9%, both boosted by a strong fourth quarter.However, profit before tax dropped over 46% from £98m to £52.5m as the company invested more in its products and marketing in line with its growth strategy.Of the fallers, Drax took a big hit despite informing the market its EBITDA for the year to 31 December 2015 is in line with guidance.The power company reported it had dropped from £229m in 2014 to £169m after being hit with the removal of its Levy Exemption Certificates and the deterioration in commodity prices.However, the company said it was mitigated by strong cash flow hedges, flexible operations and increasing biomass generation.Underlying earnings also nearly halved from £96m to £46m, while profit before tax plunged from £166m to just £59m.That led the company to slash its final dividend from 7.2p per share in 2014 to just 0.2p per share.FTSE 250 - RisersMeggitt (MGGT) 432.60p 12.04%Wood Group (John) (WG.) 626.00p 7.28%Ladbrokes (LAD) 129.40p 5.72%Morgan Advanced Materials (MGAM) 227.00p 5.24%Indivior (INDV) 165.70p 4.48%Pets at Home Group (PETS) 272.10p 4.09%TalkTalk Telecom Group (TALK) 212.80p 3.65%Auto Trader Group (AUTO) 393.40p 3.44%Ashmore Group (ASHM) 234.60p 3.35%Serco Group (SRP) 81.15p 2.98%FTSE 250 - FallersRestaurant Group (RTN) 541.00p -3.57%Drax Group (DRX) 249.60p -3.37%Unite Group (UTG) 608.00p -3.34%Mediclinic International (MDC) 825.50p -3.05%Computacenter (CCC) 812.50p -2.69%Evraz (EVR) 65.10p -2.54%Amec Foster Wheeler (AMFW) 357.50p -2.30%Rank Group (RNK) 248.00p -2.25%Weir Group (WEIR) 911.00p -2.20%Essentra (ESNT) 810.50p -2.17%
More News
1 Nov 2023 10:45

IN BRIEF: John Wood Group hires Rolls-Royce executive as new CFO

John Wood Group PLC - Aberdeen, Scotland-based engineering and consulting - Hires Arvind Balan as its new chief financial officer, starting April 15 next year. Balan has been CFO of the Civil Aerospace division of jet engine maker Rolls-Royce Holdings PLC for the past two years. Before that, he worked for oil major Shell PLC for 14 years in the UK, Singapore and China. At John Wood, Balan replaces David Kemp, whose retirement was announced back in August, having worked at John Wood for a decade. "Wood has always stood out for me as a company with unique potential," incoming CFO Balan says.

Read more
1 Nov 2023 08:14

Wood Group appoints Arvind Balan as CFO

(Sharecast News) - John Wood Group said on Wednesday that it has appointed Arvind Balan as its chief financial officer and executive director with effect from 15 April 2024.

Read more
18 Oct 2023 09:14

Bodycote appoints successor to chief executive set to retire in May

(Alliance News) - Bodycote PLC on Wednesday said it appointed Jim Fairbairn as its future chief executive officer, set to succeed the retiring Stephen Harris

Read more
3 Oct 2023 09:35

LONDON BROKER RATINGS: UBS cuts Burberry; JPMorgan likes EnQuest

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
5 Sep 2023 15:22

London close: Stocks fall on back of weak services data

(Sharecast News) - London's stock markets ended the trading day in negative territory on Tuesday, pressured by a decline in sterling against the dollar on the back of disappointing services sector data.

Read more
4 Sep 2023 09:24

Wood Group, Harbour Energy partner for UK North Sea operations

Wood signs contract with Harbour energy

*

Read more
4 Sep 2023 09:23

John Wood and Harbour Energy enter USD300 million North Sea deal

(Alliance News) - John Wood Group PLC on Monday said it has agreed a new strategic partnership with Harbour Energy PLC to provide engineering, maintenance and other operational services.

Read more
4 Sep 2023 07:36

LONDON BRIEFING: CMC names new CFO; takeover offer for Ergomed

(Alliance News) - Stocks in London are expected to open on a positive note on Monday, amid an improvement in global risk sentiment.

Read more
4 Sep 2023 07:10

Wood Group signs $330m services deal with Harbour Energy

(Sharecast News) - Engineering company Wood Group said it had struck a $330m services agreement with North Sea oil and gas producer Harbour Energy.

Read more
27 Aug 2023 10:27

Sunday share tips: Wood Group, Cake Box

(Sharecast News) - The recent failed takeover for Wood Group could present a buying opportunity for investors, suggests the Mail on Sunday's Midas column.

Read more
24 Aug 2023 14:14

Director dealings: LSE, Wood Group non-execs make purchases

(Sharecast News) - London Stock Exchange was on the list of director buys on Thursday, after an independent non-executive director was linked to a purchase.

Read more
22 Aug 2023 17:13

Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Blue-chip FTSE 100 snaps seven-day losing streak

*

Read more
22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

Read more
22 Aug 2023 13:09

UK's Wood Group raises profit forecast on contract wins; shares rise

CFO David Kemp to retire

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.