The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 148.20
Bid: 148.10
Ask: 148.50
Change: 1.20 (0.82%)
Spread: 0.40 (0.27%)
Open: 147.30
High: 150.00
Low: 144.90
Prev. Close: 147.00
WG. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London midday: Stocks rise as BoE holds fire, markets eye ECB

Thu, 04th Jul 2013 11:28

The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today.As expected, the Bank of England (BoE) stood pat, keeping its Bank Rate at 0.5% and maintaining the asset purchase programme at £375bn, at the first meeting led by new central-bank governor Mark Carney.In an unusually long statement alongside the decision, the BoE said that there have been "further signs that a recovery is in train" since the May Inflation Report, "although it remains weak by historical standards and a degree of slack is expected to persist for some time". The European Central Bank (ECB) is also due to release its announcement in the coming hours, but is predicted to follow suit with no change to policy.Speaking ahead of the press conference with ECB chief Mario Draghi later this afternoon, Matt Basi, Head of UK Sales Trading at CMC Markets, said: "A soothingly dovish statement is to be expected given the turmoils of Portugal and their rocketing yields over the past week, as the Italian seeks to reassure markets that the single currency isn't about to descend once more into chaos."Traders are also likely be on edge ahead of the all-important US jobs report scheduled for Friday afternoon, an event that it likely to factor into the Federal Reserve's decision on whether or not to begin 'tapering' stimulus. Meanwhile, crude prices remained elevated this morning, with West Texas Intermediate trading near a 14-month high, on concerns over supply from the Middle East after the removal of Egyptian President Mohamed Morsi by the military. Unrest across the country has prompted fears that the flows along the Suez Canal and Suez-Mediterranean Pipeline could be affected. FTSE 100: Banks providing supportRBS was making gains this morning after it was reported that rivals - including BNP Paribas, Commerzbank and Societe Generale - were considering bids for its retail products and equity derivatives business. The company was also in the focus on rumours that it has begun to shortlist candidates to replace CEO Stephen Hester.The stock was also given a boost by comments from Nomura which said that an improving housing market in the UK should rub off on domestic banks. The broker raised its rating for Lloyds from 'reduce' to 'neutral' as part of the sector review. Banking peers Barclays, Standard Chartered and HSBC were also higher this morning.Engineering and auto components group GKN was a high riser again today, extending gains after US vehicle sales data for June came in much better than expected. Figures from the UK this morning should a 13.4% year-on-year jump in new car registrations, providing a lift to the wider auto sector.Budget airline easyJet advanced after reporting a 1.9% increase in passenger numbers in June. Investors were shrugging off the news that the airline cancelled 585 flights during the month (compared to 22 flights a year ago), due to the French Air Traffic Control strike. Wood Group was also performing well after securing its sixth major North Sea contract extension this year. It has won a three-year contract from Nexen Petroleum UK to deliver operations, maintenance and technical support services to the Scott and Buzzard platforms.FTSE 250: Housebuilders jump early onBritish housebuilder Redrow surged after saying that its full-year profit will be above the top end range of market expectations as revenue rose 26% to £604.8m. The company said results for the year to June 30th were driven by a 15% increase in the number of homes legally completed to 282. Housebuilder Taylor Wimpey also rose after trading at the upper end of company expectations during the first half of its financial year, following improvements across most of its markets in the UK. Sector peers Bellway and Barratt Developments also advanced this morning. Galliford Try edged higher also after saying that it has delivered record profits this year.However, it was Centamin that was the standout performer on the second-tier index this morning after shares in the Egyptian miner were lifted by the overnight developments in Egypt. Analysts at Investec said this morning: "Providing protests and disruptions do not result in fuel or explosives issues for [Centamin's Sukari] mine, CEY could continue as normal throughout this uncertainty."FTSE 100 - RisersGKN (GKN) 315.70p +2.57%easyJet (EZJ) 1,353.00p +2.50%Rolls-Royce Holdings (RR.) 1,166.00p +2.46%Royal Bank of Scotland Group (RBS) 276.50p +2.41%Tate & Lyle (TATE) 837.00p +2.39%Rio Tinto (RIO) 2,710.50p +2.32%Randgold Resources Ltd. (RRS) 4,278.00p +2.25%Persimmon (PSN) 1,240.00p +2.23%Old Mutual (OML) 185.00p +2.21%SABMiller (SAB) 3,182.00p +2.09%FTSE 100 - FallersSchroders (SDR) 2,191.00p -2.84%Whitbread (WTB) 3,085.00p -1.12%British Sky Broadcasting Group (BSY) 807.50p -0.80%Reckitt Benckiser Group (RB.) 4,673.00p -0.70%G4S (GFS) 224.90p -0.66%Tullow Oil (TLW) 1,056.00p -0.47%IMI (IMI) 1,289.00p -0.46%Hammerson (HMSO) 501.00p -0.20%Amec (AMEC) 1,000.00p -0.20%TUI Travel (TT.) 360.00p -0.06%FTSE 250 - RisersCentamin (DI) (CEY) 36.84p +18.27%Redrow (RDW) 234.40p +5.59%Taylor Wimpey (TW.) 101.80p +5.00%Lonmin (LMI) 268.00p +3.08%888 Holdings (888) 159.70p +3.03%Regus (RGU) 173.70p +2.84%Thomas Cook Group (TCG) 139.60p +2.72%Hiscox Ltd (HSX) 589.00p +2.52%Bellway (BWY) 1,339.00p +2.45%Barratt Developments (BDEV) 325.60p +2.39%FTSE 250 - FallersAlent (ALNT) 344.80p -2.46%United Drug (UDG) 322.20p -2.36%Bwin.party Digital Entertainment (BPTY) 122.90p -1.76%Domino's Pizza Group (DOM) 630.50p -1.71%Evraz (EVR) 100.90p -1.56%Hays (HAS) 88.45p -1.28%Britvic (BVIC) 498.80p -1.23%Smith (DS) (SMDS) 242.00p -1.22%Jupiter Fund Management (JUP) 289.70p -1.19%Man Group (EMG) 82.35p -1.14%
More News
Today 09:47

IN BRIEF: John Wood promotes Houston-based exec to lead strategy

John Wood Group PLC - Aberdeen, Scotland-based consulting and engineering for energy and materials sectors - Promotes Jennifer Richmond to chief strategy officer, a newly created role, from executive president of strategy & development. Richmond will be based in Houston, Texas and report to Chief Executive Officer Ken Gilmartin. She joined Wood in 2022 from New York-listed engineering peer Jacobs Solution Inc. Wood says Richmond will focus on "accelerating sustainable growth in energy and materials" and "realising further value for our stakeholders". The appointment comes after Wood earlier this month came under pressure from a large shareholder to explore a sale or a US listing to maximise value.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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".

Read more
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:

Read more
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.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.