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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
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Share Price: 148.00
Bid: 147.90
Ask: 148.00
Change: 0.70 (0.48%)
Spread: 0.10 (0.068%)
Open: 146.50
High: 148.70
Low: 145.90
Prev. Close: 147.30
WG. Live PriceLast checked at -

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LONDON MARKET CLOSE: Global Growth Fears Continue To Weigh On Stocks

Mon, 25th Mar 2019 16:55

LONDON (Alliance News) - London stocks struggled on Monday following the sell-off seen on Friday sparked by global growth worries, with the FTSE 100 starting the week on a soft note amid losses for United Utilities and John Wood Group weighing on the mid-cap index. Monday's risk-off atmosphere did however, boost the price of safe haven asset gold, leading Mexican miner Fresnillo to gain.The pound, meanwhile, traded lower ahead of yet another vote in parliament on the direction of Brexit.The FTSE 100 index closed down 30.01 points, or 0.4%, at 7,177.58 on Monday. London's blue-chip index had shed 2.0% on Friday.The FTSE 250 ended down 198.90 points, or 1.1%, at 18,799.56, and the AIM All-Share closed down 11.18 points, or 1.2%, at 898.79.The Cboe UK 100 ended down 0.3% at 12,192.05, the Cboe UK 250 closed down 0.9% at 16,874.94, and the Cboe Small Companies ended down 0.5% at 11,142.66.In European equities on Monday, the CAC 40 in Paris ended down 0.2%, while the DAX 30 in Frankfurt ended down 0.2%."Concerns over the health of the global economy continued to weigh on sentiment at the start of the new week. European bourses fell southwards, following in the footsteps of Asian markets overnight and amid a softer start on Wall Street this afternoon," said Fiona Cincotta, senior market analyst at City Index.She explained: "Worries over the economic outlook had been building following a surprisingly dovish Fed, last week. These fears were stoked on Friday following poor European output data and the inversion of the US yield curve for the first time in over a decade."As a result, Cincotta continued, demand has fallen for risk assets while safe havens like gold have gained. The precious metal was quoted at USD1,321.35 an ounce at the London equities close Monday against USD1,312.05 at the close on Friday.On the back of the increase in the gold price Mexican miner Fresnillo rose, closing up 2.2%.In other commodities, Brent oil was quoted at USD67.14 a barrel at the London equities close Monday from USD66.32 late Friday.In the UK, Prime Minister Theresa May has said there is "still not enough support" for her to hold a third vote on the deal she has agreed for Britain to leave the EU.However, she hopes to submit a motion this week.May says her Conservative government will oppose a popular amendment to its motion on the Brexit process, in voting scheduled later Monday.The amendment, backed by Conservative and opposition lawmakers, would allow parliament to hold a series of "indicative votes" on possible alternatives to May's deal.If the amendment is passed, the government will allow time for the indicative votes but will not commit itself to acting on the results, May said."[Monday evening's vote] is expected to be too close to call, and while MPs putting aside party politics in the pursuit of progress would be warmly welcomed it is unlikely to provide the panacea that proponents hope," said David Cheetham, chief market analyst at XTB.The pound was quoted at USD1.3168 at the London equities close Monday, down compared to USD1.3207 at the close on Friday.Meanwhile, euro stood at USD1.1311 at the European equities close Monday, up against USD1.1283 at the same time on Friday.Stocks in New York were mixed at the London equities close, with the DJIA up 0.1%, the S&P 500 index flat and the Nasdaq Composite down 0.1%. Apple will shift its business further toward the services side Monday, the Wall Street Journal reported, with the unveiling of its highly anticipated streaming-video service.Apple will announce details at a "special event" at its Cupertino, California, headquarters Monday at 1300 EDT.While Apple staff have reportedly been calling the service a Netflix-killer, preliminary details make it sound more like a cable-killer, with the ability to subscribe to other streaming providers with a single click, making the process easier for consumers.In London, United Utilities ended towards the bottom of the FTSE 100, down 3.0%, after Deutsche Bank cut the water firm to Hold from Buy. Engine maker Rolls-Royce closed down 1.0% after activist investor ValueAct Capital Management cut its stake in the FTSE 100 constituent.ValueAct lowered its holding to 9.4% from 10.9%. Following the sale, the activist investor remains the largest individual shareholder in Rolls-Royce.Satellite operator Inmarsat ended up 9.6% at 555.00 pence after agreeing to be taken over in a deal worth around USD3.4 billion. Last week, Inmarsat had said it had received a non-binding offer at USD7.21 per share from a consortium, led by Apax, also consisting of Warburg Pincus International, the Ontario Teachers' Pension Plan Board, and the Canada Pension Plan Investment Board.The USD7.21 price has now been agreed and is worth about 546 pence. It is a 46% premium to Inmarsat's closing price on January 30, when the proposal was first made, with shares closing at 535p on Friday last week.Dechra Pharmaceuticals gained 3.3% after the veterinary services provider was initiated with an Overweight rating by JPMorgan. At the bottom of the mid-caps was John Wood Group, sliding 7.6% after Jefferies downgraded the oilfield services firm to Underperform from Hold. Just Group slipped 5.2% to 67.14 pence. The retirement insurer raised GBP375 million through an equity placing and bond issue.Earlier in March, Just Group said it had placed 94.0 million shares at a price of 80 pence each. Meanwhile, a restricted tier 1 bond issue raised GBP300 million, from perpetual bonds with a first call date in April 2024.Elsewhere on the Main Market, struggling department store Debenhams closed down 2.6%. Sports Direct International on Monday criticised a lack of engagement from Debenhams as it pursues a GBP100 million deal for Debenhams' Magasin Du Nord business in Denmark.Sports Direct, as a condition of the deal wants its own chief executive, Mike Ashley, put in charge of Debenhams, but Debenhams has previously expressed concerns as Sports Direct owns a direct competitor to Debenhams, department store chain House of Fraser.Sports Direct stressed its belief House of Fraser is not a competitor to Debenhams. Sports Direct shares closed down 1.3%.On London's junior AIM market, Majestic Wine slumped 12% as it laid out plans to restructure and rename itself under its Naked Wines brand. Majestic bought online wine retailer Naked Wines in 2015 for GBP70 million, with Naked Wines founder Rowan Gormley given the role of chief executive at Majestic.The wine seller's new group transformation plan will be announced in June and will create a single model and management team, with the entire company renamed as Naked Wines.Majestic will recognise restructuring charges of as much as GBP10 million in its financial 2019 results relating to the transformation plan, which will be largely non-cash. The financial year ends on Monday.The company intends to fund its transformation and investment by releasing value from Majestic Wine by selling assets and closing stores, and will also migrate Majestic customers to the Naked brand. This is expect to largely offset cash restructuring charges.In Tuesday's UK corporate calendar are interim results from plumbing firm Ferguson, annual results from tonic water maker Fevertree and menswear retailer Moss Bros, and a trading statement from water firm United Utilities. In the afternoon, at 1400 GMT, are first quarter results from cruise operator Carnival.In the economic calendar on Tuesday is French GDP at 0745 GMT, UK BBA mortgage approvals at 0930 GMT and US housing starts at 1230 GMT. Later, the Redbook index is at 1255 GMT and the S&P/Case-Shiller house price index at 1300 GMT.

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16 Apr 2024 12:47

Sparta Capital urges Wood Group to seek sale, rethink UK listing

LONDON, April 16 (Reuters) - Activist shareholder Sparta Capital Management is pushing British engineering services firm Wood Group to consider either selling itself or to reconsider its UK listing, according to a letter from the fund manager on Tuesday.

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16 Apr 2024 10:33

Sparta Capital urges Wood Group to seek sale, rethink UK listing

LONDON, April 16 (Reuters) - Activist shareholder Sparta Capital Management is pushing British engineering services firm Wood Group to consider either selling itself or to reconsider its UK listing, according to a letter from the fund manager on Tuesday.

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16 Apr 2024 07:01

PRESS: John Wood faces call to set itself up for sale from shareholder

(Alliance News) - John Wood Group PLC is facing a call from a large shareholder to explore a sale, Sky News reported on Monday evening.

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8 Apr 2024 09:25

Berenberg cuts Wood Group target on weak cash generation

(Sharecast News) - Wood Group is "on the right track" with its turnaround, according to Berenberg, but the broker still cut its target price for shares of the energy and materials engineering and consulting business following the group's recent results.

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8 Apr 2024 09:13

LONDON BROKER RATINGS: Wizz Air raised; HSBC cuts Rentokil to 'hold'

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

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26 Mar 2024 17:06

London close: Stocks rise as US consumer confidence remains stable

(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.

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26 Mar 2024 16:59

LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day

(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

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26 Mar 2024 09:34

Wood Group eyes cost cuts as hails "significant progress" on strategy

(Alliance News) - John Wood Group PLC on Tuesday announced improved annual earnings, lifted its outlook and announced a "simplification programme" to trim costs.

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26 Mar 2024 09:19

Wood Group misses estimates for 2023 but upgrades guidance

(Sharecast News) - Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.

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19 Mar 2024 15:54

UK earnings, trading statements calendar - next 7 days

Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull Year Results
Tuesday 26 March 
888 Holdings PLCFull Year Results
AG Barr PLCFull Year Results
Airea PLCFull Year Results
Bellway PLCHalf Year Results
CAB Payments Holdings PLCFull Year Results
CPPGroup PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Forterra PLCFull Year Results
Genel Energy PLCFull Year Results
GetBusy PLCFull Year Results
Good Energy Group PLCFull Year Results
Inspired PLCFull Year Results
John Wood Group PLCFull Year Results
Life Science REIT PLCFull Year Results
Luceco PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
NIOX Group PLCFull Year Results
Ocado Group PLCTrading Statement
Petershill Partners PLCFull Year Results
Regional REIT LtdFull Year Results
Smiths Group PLCHalf Year Results
Softcat PLCHalf Year Results
Time Finance PLCTrading Statement
TruFin PLCFull Year Results
WAG Payment Solutions PLCFull Year Results
Xaar PLCFull Year Results
YouGov PLCHalf Year Results
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 Feb 2024 09:20

IN BRIEF: John Wood Group adds Babcock CEO David Lockwood to board

John Wood Group PLC - Aberdeen, Scotland-based energy and materials engineering and consulting - Hires David Lockwood as non-executive director, joining the board on March 12. Lockwood is the chief executive officer of London-based aerospace and defence contractor Babcock International Group PLC. Prior to Babcock, Lockwood was CEO of Babcock peer Cobham PLC and of electronics firm Laird PLC. Wood Chair Roy Franklin says Lockwood "is an innovative leader who has led large-scale company transformations and consistently delivered value for shareholders, making him a strong addition to Wood's board." Babcock welcomes the appointment, believing it will be "beneficial to both organisations".

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

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

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12 Jan 2024 17:01

LONDON MARKET CLOSE: Stocks in green thanks to US PPI reading

(Alliance News) - Stock prices in Europe ended the week on a positive note, as US producer price inflation repaired some of the damages from Thursday's consumer price reading.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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12 Jan 2024 12:14

CORRECT: LONDON MARKET MIDDAY: Stocks rise after promising UK GDP data

(Correcting euro quote.)

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