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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: 192.90
Bid: 191.60
Ask: 192.00
Change: 27.90 (16.91%)
Spread: 0.40 (0.209%)
Open: 168.10
High: 207.80
Low: 162.20
Prev. Close: 165.00
WG. Live PriceLast checked at -

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London open: Markets rise on last-minute deal to save Cyprus

Mon, 25th Mar 2013 08:20

Stocks advanced strongly on Monday morning after 11th-hour talks to save Cyprus from default resulted in a last-minute bailout deal with the Troika."Markets clearly appear to be more hopeful than they ought to be on the Eurozone muddling through this crisis - this would suggest that any potential flare-ups in the Eurozone crisis (Spain, Italy, Greece or Cyprus) will have the potential to send shockwaves to risk sentiment," said ETX Capital's Head of Trading Joe Rundle.Also supporting stocks this morning was speculation surrounding a parliamentary testimony tomorrow by the Bank of Japan's new Governor Haruhiko Kuroda on hopes that he will use this opportunity to outline new easing measures. Kuroda vowed last week to use "all means available" to end combat deflection and kick-start growth.Cyprus reaches deal to save small depositorsFollowing a meeting of Eurozone finance ministers that lasted almost 12 hours, Cyprus agreed to a €10bn aid package that doesn't include a controversial across-the-board bank-account tax but involves forcing big losses on uninsured depositors. The plan will see Cyprus wind down its largely state-owned Laika bank, the second-largest in the country, and move deposits below €100,000 to the Bank of Cyprus to create a 'good bank'. Deposits over €100,000 will be frozen and used to resolve Laiki's debts and recapitalise the Bank of Cyprus."The agreement reached today on Cyprus provides a comprehensive and credible plan to deal with the current economic challenges in the country," said International Monetary Fund (IMF) Managing Director Christine Lagarde."The plan focuses on dealing with the two problem banks and fully protecting insured deposits in all banks. It addresses upfront the core problem of the banking system through a clear strategy that ensures debt sustainability and does not excessively burden the Cypriot taxpayer. This agreement provides the basis for restoring trust in the banking system, which is key to supporting growth."Abderdeen leads financials higher early onFinancial stocks were making gains this morning on improved sentiment following the last-minute deal in Cyprus. Asset management firm Aberdeen was leading the way higher after posting a 10% increase in assets under management to £212.3bn in the second quarter.Sector peer Schroders was also higher after reaching an agreement on a recommended 135p-a-share offer for Cazenove Capital that values the investment business at £424m. Banking stocks RBS, Lloyds and Barclays were also higher early on.Drinks giant SABMiller rose on plans to target further beer volume growth and share gains in its Latin American division of the next three to five years. Biopharmaceutical business AstraZeneca was also higher after settling a US patent infringement litigation.Wood Group, the energy services firm, edged higher after being awarded a $45m extension on a maintenance contract from Caltex in Australia.FTSE 100 - RisersAberdeen Asset Management (ADN) 435.20p +6.41%Schroders (SDR) 2,153.00p +2.87%Rolls-Royce Holdings (RR.) 1,123.00p +2.37%Vodafone Group (VOD) 187.70p +2.32%Royal Bank of Scotland Group (RBS) 299.20p +2.01%Barclays (BARC) 297.75p +1.97%ARM Holdings (ARM) 894.50p +1.76%easyJet (EZJ) 1,047.00p +1.55%TUI Travel (TT.) 315.70p +1.51%Hargreaves Lansdown (HL.) 882.00p +1.50%FTSE 100 - FallersEurasian Natural Resources Corp. (ENRC) 275.50p -3.44%United Utilities Group (UU.) 699.00p -1.41%Kingfisher (KGF) 286.00p -0.52%Severn Trent (SVT) 1,677.00p -0.36%Randgold Resources Ltd. (RRS) 5,615.00p -0.35%Antofagasta (ANTO) 1,030.00p -0.29%Imperial Tobacco Group (IMT) 2,289.00p -0.09%Whitbread (WTB) 2,515.00p -0.08%British American Tobacco (BATS) 3,485.50p -0.07%Intertek Group (ITRK) 3,364.00p -0.03%FTSE 250 - RisersThomas Cook Group (TCG) 119.60p +7.07%Kentz Corporation Ltd. (KENZ) 429.50p +3.57%888 Holdings (888) 165.80p +3.05%SIG (SHI) 165.70p +2.66%EnQuest (ENQ) 140.90p +2.62%Ferrexpo (FXPO) 174.60p +2.28%Ashtead Group (AHT) 585.50p +2.18%Ladbrokes (LAD) 223.80p +2.10%Amlin (AML) 432.60p +2.10%Phoenix Group Holdings (DI) (PHNX) 663.00p +2.08%FTSE 250 - FallersDrax Group (DRX) 605.50p -3.43%NMC Health (NMC) 335.00p -1.73%Daejan Holdings (DJAN) 3,597.00p -1.59%PZ Cussons (PZC) 404.90p -1.53%Dialight (DIA) 1,329.00p -1.19%United Drug (UDG) 265.00p -0.97%Diploma (DPLM) 575.00p -0.95%Bumi (BUMI) 302.50p -0.95%Berendsen (BRSN) 756.00p -0.92%COLT Group SA (COLT) 130.40p -0.91%BC
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8 Mar 2023 11:17

Jefferies downgrades Wood Group to 'hold'

(Sharecast News) - Analysts at Berenberg downgraded engineering services firm Wood Group from 'buy' to 'hold' on Wednesday following a fourth cash offer for the company.

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8 Mar 2023 09:20

LONDON BROKER RATINGS: Jefferies cuts John Wood to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

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7 Mar 2023 17:15

UK stock indexes close down after Powell's hawkish remarks

Premier Foods climbs on annual profit outlook raise

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7 Mar 2023 17:02

LONDON MARKET CLOSE: Stocks down as Powell comments knock confidence

(Alliance News) - Stock prices in London closed lower on Tuesday, after Federal Reserve Chair Jerome Powell appeared to confirm that interest rates in the US are set to rise higher than markets previously expected.

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7 Mar 2023 12:21

LONDON MARKET MIDDAY: Stocks static ahead of US Fed chair testimony

(Alliance News) - Stock prices in London were broadly flat at midday on Tuesday, though the FTSE 100 crept into the green, as investors waited for Federal Reserve Chair Jerome Powell's two days of testimony before the US Congress.

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7 Mar 2023 12:09

CORRECT: John Wood shares up as receives new Apollo takeover approach

(Correcting headline to clarify that John Wood has not rejected the proposal.)

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7 Mar 2023 11:12

Forget Powell: focus on inflation inputs

STOXX 600 up 0.2%

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7 Mar 2023 10:55

Banks surge ahead in 2023

STOXX 600 up 0.2%

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7 Mar 2023 10:05

TOP NEWS: John Wood shares up as rejects new Apollo takeover approach

(Alliance News) - John Wood Group PLC on Tuesday said it has rebuffed a fourth proposal for a takeover by Apollo Global Management Inc.

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7 Mar 2023 09:45

Britain's Wood Group may reject $1.98 bln Apollo buyout proposal

March 7 (Reuters) - John Wood Group said it may reject a sweetened 1.64 billion pound ($1.98 billion) buyout proposal from private-equity firm Apollo Global Management Inc , as it still undervalued the British oilfield services and engineering company.

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7 Mar 2023 08:56

LONDON MARKET OPEN: European markets subdued before Fed testimony

(Alliance News) - London's equities got off to a lukewarm start on Tuesday, as investor caution prevailed ahead of policy commentary by the head of the US central bank.

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7 Mar 2023 07:49

LONDON BRIEFING: UK house prices rise; John Wood gets 4th Apollo bid

(Alliance News) - Stocks in London were called to open flat on Tuesday, with the market focusing on US monetary policy.

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7 Mar 2023 07:44

Wood Group rejects fourth takeover approach from Apollo

(Sharecast News) - Wood Group said on Tuesday that it was 'minded to reject' a fourth takeover approach from Apollo Global Management as it undervalues the business.

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23 Feb 2023 17:10

FTSE 100 slips as ex-dividend trades weigh, Rolls-Royce soars

Rolls-Royce jumps on upbeat forecast

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