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

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

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Share Price: 180.00
Bid: 181.60
Ask: 182.50
Change: 0.00 (0.00%)
Spread: 0.90 (0.496%)
Open: 0.00
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Prev. Close: 180.00
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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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2 Nov 2023 15:57

UK earnings, trading statements calendar - next 7 days

Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
RS Group PLCHalf Year Results
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
Wednesday 8 November 
Conduit Holdings LtdQ3 Results
ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
Thursday 9 November 
3i Group PLCHalf Year Results
Apax Global Alpha LtdQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Flutter Entertainment PLCTrading Statement
IMI PLCTrading Statement
Indivior PLCQ3 Results
John Wood Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
National Grid PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
S4 Capital PLCTrading Statement
Tate & Lyle PLCHalf Year Results
Taylor Wimpey PLCTrading Statement
TBC Bank Group PLCQ3 Results
TheWorks.co.uk PLCTrading Statement
Trakm8 Holdings PLCHalf Year Results
Urban Logistics REIT PLCHalf Year Results
Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
  
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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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