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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: 152.00
Bid: 151.80
Ask: 152.10
Change: 2.20 (1.47%)
Spread: 0.30 (0.198%)
Open: 149.40
High: 153.50
Low: 149.40
Prev. Close: 149.80
WG. Live PriceLast checked at -

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London close: Footsie runs out of steam

Wed, 26th Aug 2009 16:27

Wall 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 hit after posting a sharp slide in pre-tax profits. For the six months to June 30, profit slumped to $476.6m from $1.66bn a year ago as revenues slid to $1.18bn from $2.4bn. Peers Fresnillo, Xstrata and Rio Tinto joined the retreat.It was much the same picture for oils, with pre-tax profits plunging at Tullow in the first half of the year as the firm felt the pinch of the slide in crude prices. Profit dived to £34.8m in the six months to June 30, down 83% from the £126m reported in 2008. Revenues skidded 23% lower to £291.3m. Cairn Energy also struggled after disappointing results Tuesday, while oilfield services group Petrofac was another out of favour after declaring figures earlier this week.WPP staggered lower after saying half-year results continued to reflect the impact of the global economic contraction, which intensified in the second quarter, though results for July did indicate a 'less-worse' picture. Pre-tax profit for the six months fell 47% to £179.3m, partly due to the impact of higher sterling translation of interest costs on Euro-denominated debt. On a brighter note, outsourcing specialist Serco topped the risers after it said its strong performance in the first half and the good start to the second period supports its expectation in achieving its financial guidance for 2009 and beyond. Pre-tax profit for the half-year increased 32.8% to £93.4m on revenue that rose to £1,950 from £1,491m. The strong results allowed the firm to hike dividends by 25% to 1.85p per share. Royal Bank of Scotland was wanted in the wake of Tuesday's cost-saving measures relating to its pension scheme.In the mid-cap index Punch Taverns is up for the second day in a row after Shore Capital reinitiated the pub group as a 'buy' after yesterday's trading update. Fellow pub landlord Enterprise Inns is also higher, as is pubs owner and brewer Marston's.Lovell, the affordable housing division of construction and regeneration specialist Morgan Sindall, has been chosen as a contractor for a £20m redevelopment programme in Hampshire. Meanwhile, support services and construction company Carillion has won three new contracts worth £121m. The company has been chosen by real estate investment trust Segro for a £50m project in Farnborough that will involve the construction of four office buildings in Farnborough.Oil services group John Wood saw profits slide in the half-year as the tough market conditions hit exploration and production (E&P) spending worldwide. The group said the recent higher oil prices are likely to have little impact on E&P spending in the second half.Oil and gas firm Melrose Resources saw first half revenue and profit tumble as a result of lower oil prices and the planned cessation of production from its Galata field.Sector peer Premier Oil has plugged and abandoned the Frida Marine-1 well in the Congo Marine XI permit. Ireland's largest bookmaker Paddy Power reported a decline in half year pre-tax profit but saw 20% growth in online customers.In vitro diagnostics firm Axis-Shield saw profits almost double in the first half and said business remains strong. Underlying pre-tax profit rose to £3.6m in the six month ended 30 June compared with £1.6m last time. Statutory pre-tax profit increased to £7.5m from £1.6m.FTSE 100 - RisersSerco Group (SRP) 482.30p +6.00%Royal Bank of Scotland Group (RBS) 56.60p +5.30%Schroders NV (SDRC) 924.50p +2.84%Schroders (SDR) 1,097.00p +2.72%Diageo (DGE) 996.50p +2.57%Admiral Group (ADM) 1,070.00p +2.49%Morrison (Wm) Supermarkets (MRW) 274.50p +1.59%Old Mutual (OML) 94.00p +1.57%Centrica (CNA) 239.10p +1.31%SABMiller (SAB) 1,434.00p +1.27%FTSE 100 - FallersFresnillo (FRES) 604.00p -5.18%Antofagasta (ANTO) 752.00p -4.75%Cairn Energy (CNE) 2,479.00p -4.14%Xstrata (XTA) 825.50p -4.12%Rio Tinto (RIO) 2,381.50p -3.99%Tullow Oil (TLW) 1,053.00p -3.92%Petrofac Ltd (PFC) 872.50p -3.80%Amec (AMEC) 777.50p -3.36%Lonmin (LMI) 1,471.00p -3.10%Kazakhmys (KAZ) 917.50p -2.91%FTSE 250 - RisersRedrow (RDW) 240.50p +5.34%Ashtead Group (AHT) 78.90p +5.20%Kier Group (KIE) 1,132.00p +5.11%Enterprise Inns (ETI) 171.40p +4.90%Marston's (MARS) 106.30p +4.83%Spirent Communications (SPT) 78.35p +4.40%Henderson Group (HGG) 123.70p +4.39%Keller Group (KLR) 647.00p +4.35%F&C Asset Management (FCAM) 76.85p +4.13%Mcbride (MCB) 143.80p +3.98%FTSE 250 - FallersBlueBay Asset Management (BBAY) 285.50p -7.00%Ferrexpo (FXPO) 155.20p -6.51%SIG (SHI) 136.00p -6.34%Cookson Group (CKSN) 389.90p -5.36%John Wood Group (WG.) 308.40p -5.20%Galiform (GFRM) 61.25p -4.82%Barratt Developments (BDEV) 246.10p -4.50%Novae Group (NVA) 320.00p -4.48%Moneysupermarket.com (MONY) 83.15p -4.32%GKN (GKN) 111.60p -4.29%
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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.

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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.

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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

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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:

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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:

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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.

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4 Sep 2023 09:24

Wood Group, Harbour Energy partner for UK North Sea operations

Wood signs contract with Harbour energy

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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.

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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.

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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.

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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.

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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.

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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

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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.

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22 Aug 2023 13:09

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

CFO David Kemp to retire

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