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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: 196.60
Bid: 196.70
Ask: 197.00
Change: -1.30 (-0.66%)
Spread: 0.30 (0.153%)
Open: 202.00
High: 202.00
Low: 195.50
Prev. Close: 197.90
WG. Live PriceLast checked at -

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LONDON MARKET MIDDAY: Housebuilders Hurt By Slip In UK House Prices

Fri, 05th Jul 2019 12:13

(Alliance News) - Stocks continued to trade mostly lower at midday on Friday, as market focus remained on the US jobs report later in the day.Holding back the FTSE 100 were losses for housebuilders and miners, while the mid-cap index was dragged down by SIG, which reported a decline in first half revenue.London's leading stock index was down 14.27 points, or 0.2%, at 7,589.31 Friday at midday. The FTSE 250 was 78.67 points lower, or 0.4%, at 19,718.93, while the AIM All-Share was down 0.2% at 915.62.The Cboe UK 100 index was down 0.2% at 12,866.89. The Cboe UK 250 was 0.5% lower at 17,612.46 and the Cboe UK Small Companies was up 0.2% at 11,385.82.UK house prices were largely stable in June, a Halifax report showed, and continued to show a "reasonable degree of resilience" despite a backdrop of uncertainty.On a monthly basis, house prices fell by 0.3%, while year-on-year, house prices were up 5.7%. Halifax noted that the annual figures come against a "particularly low growth rate" in June 2018. The average house price in June stood at GBP237,110.In May, house prices had risen 0.4% on a monthly basis and 5.2% annually. Halifax Managing Director Russell Galley said June's figures extend the "largely flat trend" observed over recent months."More generally the housing market is displaying a reasonable degree of resilience in the face of political and economic uncertainty. Recent industry figures show demand looking slightly more stable, with mortgage approvals ticking along just above the long-term average," said Galley.Sterling was quoted at USD1.2541 Friday midday, down compared to USD1.2564 at the London equities close on Thursday. The pound began the week trading near to the USD1.27 mark.On the LSE, Persimmon was the worst performer in the blue-chip index, down 2.8%, followed by Berkeley Group and Taylor Wimpey, both down 1.8%.Rio Tinto and Evraz, were down 2.7% and 2.1%, respectively, and Antogafasta was trading 1.9% lower. "House builders and mining companies are weighing on the FTSE, the latter sliding because of a drop in metals prices over the last few days, the former because of a 0.3% decline in UK house prices in June," said Cityindex Senior Market Analyst Fiona Cincotta. Among the mid-caps, broker ratings pushed energy services firm John Wood Group and exploration company Tullow Oil 3.9% and 1.5% higher, respectively. Berenberg raised John Wood rating to Buy from Hold, while Jefferies upped Tullow Oil also to Buy from Hold. Acacia Mining was 1.7% higher in midday trade as successful drilling at the Gokona mine in Tanzania allowed the gold miner to upgrade reserves.As of the end of May, the Gokona mine had 1.3 million ounces of gold reserves at a grade of 5.5 grams of gold per tonne of ore, 13% higher than before, though at a marginally lower grade. This, Acacia said, is due to drilling on the east and west extensions of Gokona in late 2018 and early 2019.This upgraded reserve estimate comes after, in mid-June, Acacia refuting Barrick Gold's criticism of Acacia's mining plans in Tanzania. Barrick owns 64% of Acacia and has offered USD285 million for the rest, though the two continue to bicker. On the other side of FTSE 250 index was SIG, down 4.8%. The supplier of building materials reported a 3.8% decline in its like-for-like revenue for the six months to the end of June.SIG saw a 13% fall in like-for-like revenue in the UK & Ireland, due to reduced level of construction activity. In Mainland Europe, however, SIG's like-for-like revenue in the first half was 3.3% higher year-on-year.In addition, SIG said it sold WeGo FloorTec in Germany to fellow London-listed building materials firm Kingspan Group. The transaction follows a review of SIG's peripheral businesses. There remains one further peripheral business under review in SIG's portfolio, it said.The WeGo FloorTec sale is expected to complete "shortly", the company said, and the proceeds of about GBP12 million from Kingspan are expected to be used to reduce headline financial leverage.Kingspan shares were down 2.2% on Friday midday. Spectris shares were trading 4.8% lower as Bank of America chopped its rating to Underperform from Buy. Victrex was also in the red, sinking 4.0% after Peel Hunt downgraded the polymers supplier to Hold from Add, reflecting the weaker macro-economic backdrop, particularly in Germany."For now, the near term risks outweigh the long-term growth potential," explained Peel Hunt analyst Dominic Convey.In mainland Europe, the CAC 40 index in Paris and DAX 30 in Frankfurt were down 0.4% and 0.3%, respectively, in midday trade.The EU28's current account surplus grew marginally in the first quarter of 2019, Eurostat reported.The surplus was EUR40.5 billion, some 1.0% of gross domestic product, after EUR40.2 billion in the fourth quarter of 2018, which was also 1.0% of GDP.The first quarter 2019 figure of EUR40.5 billion compares to EUR58.3 billion year-on-year, which was 1.5% of GDP.Having closed at record highs on Wednesday, New York stocks were pointed towards a lower open, with the Nasdaq and S&P 500 both called down 0.2% and the Dow Jones Industrials 0.1% lower. Financial markets in the US were closed for Independence Day on Thursday.In the US economic calendar, there is jobs report for June at 1330 BST. "The main focus for today will be the June payrolls report which has the potential to bake in even further the prospect of a rate cut by the Federal Reserve at the end of the month. Wages as well as the headline number will be the key arbiters, though in terms of expectation the markets have already got a rate cut priced in which means that a good number could prompt a sharp sell off if investors perceive that a rate cut has become less likely," said Michael Hewson, chief market analyst at CMC Markets UK.

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DIRECTOR DEALINGS: Shell CEO-designate Wael Sawan sells 28,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

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22 Sep 2022 09:15

Canaccord Genuity lowers target price on John Wood Group

(Sharecast News) - Analysts at Berenberg lowered their target price on engineering and consulting firm Wood from 300.0p to 275.0p on Thursday after its environment and infrastructure business was acquired by WSP.

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21 Sep 2022 17:33

John Wood says USD1.9 billion unit sale "transforms" balance sheet

(Alliance News) - John Wood Group PLC shares climbed on Wednesday after the company said it is mulling "capital allocation options" after sealing a deal to sell its Built Environment consulting business to WSP Global Inc.

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21 Sep 2022 16:58

LONDON MARKET CLOSE: Stocks regain poise ahead of central bank fever

(Alliance News) - Stock prices in Europe defied geopolitical worries and pre-central bank nerves to push higher on Wednesday, though the same could not be said for a beleaguered pound, which almost fell below the USD1.13 mark.

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15 Sep 2022 09:30

LONDON BROKER RATINGS: Credit Suisse cuts AstraZeneca and raises GSK

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

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23 Aug 2022 17:25

UK midcaps hits new one-month low as business activity stalls

Aug 23 (Reuters) - The British midcap index hit a fresh one-month low on Tuesday as a looming gas crisis in Europe and news of slower-than-expected business activity growth exacerbated fears of recession, while a stronger pound weighed on the exporter-heavy FTSE 100.

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23 Aug 2022 17:21

REPEAT: Stocks fall on poor data; weak US PMI hits dollar

(Alliance News) - Stocks in London closed in the red on Tuesday after another day of poor economic data from across the globe.

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23 Aug 2022 17:17

LONDON MARKET CLOSE: Stocks fall on poor data; weak US PMI hits dollar

(Alliance News) - Stocks in London closed in the red on Tuesday after another day of poor economic data from across the globe.

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23 Aug 2022 12:04

LONDON MARKET MIDDAY: Stocks in red as UK manufacturing PMI plummets

(Alliance News) - A mixed bag of UK PMI readings weighed on stocks in London on Tuesday, offsetting gains from oil majors as concerns over Russian energy supply lifted commodity prices.

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23 Aug 2022 08:48

LONDON MARKET OPEN: Recession fears weigh on stocks ahead of UK PMI

(Alliance News) - European markets fell at the start of trade on Tuesday, with investors bracing for some downbeat PMI readings amid worries over inflation, rising interest rates and energy supply woes.

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23 Aug 2022 08:36

TOP NEWS: John Wood half-year loss widens as finance expenses jump

(Alliance News) - John Wood Group PLC on Tuesday posted a widened interim pretax loss as it tackled rising costs caused by inflation and supply chain disruptions.

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23 Aug 2022 08:15

Wood Group operating profit falls as revenue dips

(Sharecast News) - Wood Group posted a decline in first-half operating profit on Tuesday as revenue dipped.

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23 Aug 2022 08:08

LONDON BRIEFING: New John Wood CEO to focus on cash as loss widens

(Alliance News) - John Wood Group on Tuesday reported a widened interim loss as revenue stalled, and said cash generation is its "top priority" going forward.

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23 Aug 2022 07:47

LONDON MARKET PRE-OPEN: Lower call; John Wood interim loss widens

(Alliance News) - Stocks in London on Tuesday morning are set to follow a big decline in New York overnight, as investors nervously await the start of the Jackson Hole central banking symposium later this week.

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16 Aug 2022 15:57

UK earnings, trading statements calendar - next 7 days

Wednesday 17 August 
Balfour Beatty PLCHalf Year Results
Bank of Georgia Group PLCHalf Year Results
Essentra PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Gattaca PLCTrading Statement
Glanbia PLCHalf Year Results
Hochschild Mining PLCHalf Year Results
Kenmare Resources PLCHalf Year Results
Libertine Holdings PLCFull Year Results
Persimmon PLCHalf Year Results
Plus500 LtdHalf Year Results
Riverstone Energy LtdHalf Year Results
Thursday 18 August 
AO World PLCFull Year Results
Capital LtdHalf Year Results
ECO Animal Health Group PLCFull Year Results
Helios Towers PLCHalf Year Results
Intelligent Ultrasound Group PLCHalf Year Results
Marshalls PLCHalf Year Results
Omega Diagnostics Group PLCFull Year Results
Rank Group PLCFull Year Results
Friday 19 August 
Apax Global Alpha LtdHalf Year Results
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Newcrest Mining LtdFull Year Results
Monday 22 August 
no events scheduled 
Tuesday 23 August 
Aferian PLCHalf Year Results
John Wood Group PLCHalf Year Results
  
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