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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: 147.30
Bid: 148.20
Ask: 148.50
Change: -2.10 (-1.41%)
Spread: 0.30 (0.202%)
Open: 148.40
High: 149.70
Low: 146.30
Prev. Close: 147.30
WG. Live PriceLast checked at -

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LONDON MARKET PRE-OPEN: Just Group Plans Placing, To Skip 2018 Payout

Thu, 14th Mar 2019 07:43

LONDON (Alliance News) - Stocks in London are set to open lower on Thursday after the pound strengthened overnight as UK Parliament voted to take a no-deal Brexit off the table and prepares to decide this evening whether to extend Article 50.In company news, insurer Just Group set out plans to place just under 10% of its share capital and decided against paying a dividend for 2018. Capita reported a swing to profit after the first year of the outsourcer's transformation plan, and retailer Debenhams will consider Sports Direct International's loan offer.IG says futures indicate the FTSE 100 index of large-caps to open 22.99 points lower at 7,136.20 on Thursday. The FTSE 100 index closed up 8.04 points, or 0.1%, at 7,159.19 on Wednesday.Members of Parliament are set to vote on whether to keep Britain in the EU longer than planned after UK Prime Minister Theresa May's authority over Brexit sustained another major blow.The vote on extending Article 50 comes after MPs defied the government and dramatically decided to rule out a no-deal withdrawal from the EU in scenes some Tory Brexiteers described as "chaotic".After the 149-vote rejection of her Withdrawal Agreement on Tuesday, May suffered a second defeat in as many days when MPs backed the cross-party amendment rejecting a no-deal Brexit under any circumstances.In a surprise move, the Commons voted 312 to 308 - a majority of four - in favour of the proposal tabled by former Conservative Party chairman Dame Caroline Spelman.The vote was later confirmed by a more emphatic 321 votes to 278, overriding a government motion that would have rejected no-deal on the scheduled date of March 29 but left it on the table for other times.After the defeat, May made it clear that she intends to put a third "meaningful vote" on her Brexit deal to the Commons within days.Following the Commons move on no deal, the government put down a motion for debate on Thursday that offers to seek a one-off extension of Article 50, delaying the scheduled Brexit date of March 29 to June 30 if MPs approve the deal negotiated with the EU by next Wednesday.However, the PM warned if the deal - which has already been twice rejected by overwhelming majorities - is not approved, a longer extension will be needed, requiring Britain to take part in the European Parliament elections in May.Sterling was quoted at USD1.3286 early Thursday, up from USD1.3215 at the London equities close on Wednesday and having hit a nine-month high of USD1.3381 overnight.In UK company news, life insurer Just Group said it is looking to place just under 10% of its current issued share capital, as it separately revealed it sank to a loss in 2018. Just Group said it is raising the funds in order to strengthen its capital base to "support its new business franchise and maintain its focus on growing profits".Just Group is looking to conduct an underwritten placing to institutional investors of 94.0 million shares via an accelerated bookbuild. Turning to results for 2018, Just Group's net premium revenue rose to GBP2.71 billion from GBP2.43 billion, but the company sank to a loss of GBP85.5 million from GBP181.3 million the year before.The loss was driven by changes to property assumptions "in light of the economic and financial uncertainty caused by Brexit", the company said. The FTSE 250 constituent added that it has considered it "appropriate" not to pay a dividend for 2018, and will look to recommence payouts in 2019 at a "rebased" level of approximately one third of the 3.72p paid out in 2017.Outsourcer Capita said it swung to a profit as it completed the first year of its transformation programme, with adjusted profit slightly ahead of expectations despite being lower than 2017. Pretax profit came in at GBP272.6 million for 2018, swinging from a loss of GBP513.1 million. On an adjusted basis, Capita's pretax profit fell to GBP282.1 million from GBP383.1 million the year before, the the company noted this was still "slightly ahead" of guidance.In 2019, the company expects to generate an adjusted pretax profit between GBP265 million to GBP295 million. "Our transformation still has some way to go. But I am very pleased with our progress. Our targets remain on track, and I'm excited about the prospects for a simplified and strengthened Capita," said Chief Executive Jon Lewis.Mid-cap lenders OneSavings and Charter Court Financial Services said they have agreed to the terms of an all-share merger.The agreement, with OneSavings offering 0.8253 of a share for each Charter Court share, is the same as that first announced at the start of the week. Under the deal, Charter Court shareholders would own 45% of the group and OneSavings the rest. Cineworld's profit and revenue in 2018 soared, boosted by its acquisition of US cinema chain Regal Entertainment.Revenue for 2018 on a proforma basis was up 7.2% to USD4.71 billion, with adjusted earnings before interest, tax, deprecation and amortisation up 9.4% to USD1.07 billion. On a statutory basis, revenue more than tripled to USD4.12 billion from USD1.14 billion in 2017, as pretax profit climbed more than two-fold to USD349.0 million from USD155.1 million.Cineworld completed its acquisition of US cinema chain Regal Entertainment in February 2018. Cineworld declared a full-year dividend of 15 cents, up 18% on the year before. "We are pleased to announce strong full year results following the successful acquisition of Regal. We are well on our way to achieving the successful business integration following a strong performance and record box office results in the US," said Cineworld Chief Executive Mooky Greidinger.Greidinger added: "The combination with Regal has exceeded our expectations - we have incorporated the best of both companies by bringing together world-class talent, integrating best practice from both sides of the Atlantic and deepened our understanding of the US market."FTSE 100-listed John Wood Group said it has won a contract from Siemens to install a new Siemens HL-class gas turbine at a power generating station in North Carolina. The oilfield services provider said the contract will see it utilise a team of around 400 people to deliver the project over a period of 11 months.Debenhams noted Sports Direct International's GBP150 million loan offer, and said it would give the proposal "careful consideration".Late Wednesday, FTSE 250-listed retailer Sports Direct said it will make a GBP150 million unsecured term loan for 12 months to Debenhams. Of the total amount of the lending, GBP40 million would be used to repay Debenhams' bridge facility, while the remaining GBP110 million would be available for general working capital. However, the department store warned that any third party loan offer on these terms would require both the consent of its revolving credit facility lenders and noteholders, and "material amendments" to existing facilities.In the US on Wednesday, Wall Street ended higher, with the Dow Jones Industrial Average ending up 0.6%, the S&P 500 up 0.7% and Nasdaq Composite also rising 0.7%.US President Donald Trump and the Federal Aviation Administration issued an order on Wednesday grounding all Boeing 737 Max jets in the US.The FAA, in a statement issued, said: "The agency made this decision as a result of the data gathering process and new evidence collected at the site and analyzed today. This evidence, together with newly refined satellite data available to FAA this morning, led to this decision."The EU had earlier announced that it was grounding the planes after the Ethiopian Airlines crash on Sunday, which killed 157 people. The same plane, operated by Indonesia's Lion Air, crashed in October 2018, killing all 189 people.In Asia on Thursday, the Japanese Nikkei 225 index closed flat. In China, the Shanghai Composite ended down 1.5%, while the Hang Seng index in Hong Kong is down 0.1%."Asian markets were muted overnight as investors reacted to a mixed bag of data from China. It is questionable how much further this rally has to go, with global growth concerns still present and Trump in no rush to complete a trade agreement with China," commented Jasper Lawler at London Capital Group.China's industrial output grew at the slowest pace in 17 years at the start of 2019, suggesting further weakness in the world's second-largest economy. China's industrial output grew an annual 5.3% in the first two months of 2019, a government report showed. This fell short of expectations for a score of 5.6%.The economic events calendar on Thursday has Ireland GDP at 1100 GMT and US import and export numbers at 1230 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
  
Comments and questions to newsroom@alliancenews.com
  
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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