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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: 132.30
Bid: 132.50
Ask: 132.70
Change: 0.00 (0.00%)
Spread: 0.20 (0.151%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 132.30
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London open: MPC expected to be watching services PMI data

Tue, 05th Mar 2013 08:09

London stocks have begun the day higher, boosted by the strong showing seen overnight on Wall Street - on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - and ahead of potentially key data expected to be released today, in the United Kingdom. At 09:30 Markit will release its service sector purchasing managers´ survey for the month of February which could, conceivably, bring the Monetary Policy Committee (MPC) closer to a fresh increase in the size of its asset repurchase program, or 'QE' as it is commonly referred to.Leading the charge higher are shares of Wood Group and Serco, following their latest yearly results. WPP is one of the few issues which is down today, after being downgraded by analysts at Berenberg to sell (Investec has reiterated buy). Highlighting how difficult the current situation is, Pearson Chief Executive Officer, John Fallon, has told staff at the Financial Times that there will be fewer jobs in the US and UK, as the publisher focuses on emerging markets, according to a person who attended the confidential meeting, Bloomberg reports. More specifically, he informed personnel of his intention to carry out a restructuring, in one year, which would usually be carried out in six.In less negative news, overnight the British Retail Consortium reported that retail sales - in value terms - increased at a 4.4% year-on-year clip in February, up from a 3.0% pace in January and 1.5% in December. That was the fastest rate since February 2010.In other significant news, Countrywide has set the range for its initial public offering at between £2.60-3.50.Acting as a backdrop, outgoing Chinese Premier Wen Jiabao has told delegates at China's National People's Congress (NPC) that the country must do more to rebalance growth towards consumption.FTSE 100: Specialisation paying off for Wood groupInternational energy services company Wood Group, has posted a solid 20% rise in revenue from continuing operations for its full year ended December 31st, boosted by growth in all three divisions. Earnings before interst, tax, and amortisation (EBITA) from continuing operations came in at $461.1m (2011: $341.6m), up 35%. The EBITA margin increased from 6.0% to 6.8%. Commodities trader Glencore has announced a full year adjusted net profit of $3.06bn, slightly less than was expected by the markets, although it sees a global recovery under way. The company has sets April 16th as the deadline for the completion of its merger with Xstrata.International Services firm Serco Group has reported a 2012 operating profit of £287m, up 8% on revenues of £4.91bn. "2013 outlook comments stress a modest increase in organic revenue growth which, given the 3.3% FY12 figure, we interpret as in line with previous guidance towards a 5% growth rate," Jefferies comments. "The preliminary results contain several positive catalysts including strong FCF conversion, a rebasing of the dividend pay-out and reassuring fiscal year estimated 2013 guidance," the broker adds.Meggitt, the international company specialising in high performance components and sub-systems for aerospace, defence and energy markets, has been selected to provide a package of thermal management products for certain types of LEAP engine for French manufacturer Snecma (Safran), in a deal valued at $175m.FTSE 250: Ophir Energy attracting some attentionShares of Ophir Energy are bouncing back again today, possibly on the back of reports highlighting the attractiveness of the company for potential suitors, such as Shell or Cnooc.Office space group Regus has announced full year pre-tax operating profits of £90.2m.Equipment rental group Ashtead has reported a third quarter pre-tax profit of £53.8m on the back of revenues of £333.9m, up from £271m in the year ago period. The company has also lifted its full year profit targets.FTSE 100 - RisersSerco Group (SRP) 640.00p +10.54%Wood Group (John) (WG.) 800.50p +5.61%Xstrata (XTA) 1,138.00p +3.50%Meggitt (MGGT) 474.80p +3.42%Standard Chartered (STAN) 1,838.00p +3.26%Glencore International (GLEN) 379.85p +2.68%GKN (GKN) 283.00p +2.57%Standard Life (SL.) 371.30p +2.31%Capita (CPI) 903.50p +2.21%Kazakhmys (KAZ) 567.00p +2.16%FTSE 100 - FallersIntu Properties (INTU) 336.50p -0.77%SSE (SSE) 1,466.00p -0.20%Vodafone Group (VOD) 167.40p -0.18%Croda International (CRDA) 2,619.00p -0.15%Randgold Resources Ltd. (RRS) 5,380.00p -0.09%British American Tobacco (BATS) 3,563.00p -0.03%United Utilities Group (UU.) 745.00p 0.00%Carnival (CCL) 2,517.00p +0.08%Intertek Group (ITRK) 3,429.00p +0.18%Centrica (CNA) 362.10p +0.19%FTSE 250 - RisersRegus (RGU) 139.60p +7.80%Ashtead Group (AHT) 564.50p +7.63%Ophir Energy (OPHR) 488.10p +5.72%Jardine Lloyd Thompson Group (JLT) 845.50p +4.58%JD Sports Fashion (JD.) 835.00p +4.38%Ferrexpo (FXPO) 212.20p +4.07%Michael Page International (MPI) 455.20p +4.07%Centamin (DI) (CEY) 51.70p +3.63%Kier Group (KIE) 1,317.00p +3.38%Henderson Group (HGG) 161.60p +3.19%FTSE 250 - FallersDaejan Holdings (DJAN) 3,440.00p -1.71%Redrow (RDW) 171.70p -1.60%Kenmare Resources (KMR) 33.97p -1.45%Ted Baker (TED) 1,230.00p -1.20%Millennium & Copthorne Hotels (MLC) 549.50p -1.08%Hochschild Mining (HOC) 356.40p -1.00%Laird (LRD) 242.00p -0.98%Telecom Plus (TEP) 979.50p -0.91%Diploma (DPLM) 612.50p -0.89%IP Group (IPO) 135.90p -0.80%FTSE TechMARK - RisersFiltronic (FTC) 73.00p +9.77%Xaar (XAR) 335.00p +3.08%Gresham Computing (GHT) 85.44p +2.32%Vectura Group (VEC) 94.50p +2.16%Innovation Group (TIG) 25.25p +2.02%Sepura (SEPU) 96.00p +1.86%Wolfson Microelectronics (WLF) 197.00p +0.51%Optos (OPTS) 205.00p +0.49%Consort Medical (CSRT) 738.50p +0.34%NCC Group (NCC) 149.75p +0.17%FTSE TechMARK - FallersArk Therapeutics Group (AKT) 0.85p -10.53%XP Power Ltd. (DI) (XPP) 1,125.00p -2.85%Phytopharm (PYM) 1.68p -1.47%Kofax (KFX) 286.00p -0.69%Ricardo (RCDO) 400.00p -0.37%Triad Group (TRD) 6.00p 0.00%Parity Group (PTY) 26.50p 0.00%Antisoma (ASM) 1.88p 0.00%Torotrak (TRK) 24.75p 0.00%Promethean World (PRW) 17.50p 0.00%
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Wood Group misses estimates for 2023 but upgrades guidance

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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
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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
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M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
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Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
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Monday 25 March 
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Princess Private Equity Holding LtdTrading Statement
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Fevertree Drinks PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Forterra PLCFull Year Results
Genel Energy PLCFull Year Results
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Petershill Partners PLCFull Year Results
Regional REIT LtdFull Year Results
Smiths Group PLCHalf Year Results
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Time Finance PLCTrading Statement
TruFin PLCFull Year Results
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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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12 Jan 2024 17:01

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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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12 Jan 2024 12:02

LONDON MARKET MIDDAY: Stocks rise after promising UK economic data

(Alliance News) - Stock prices in London were up at midday on Friday, clawing back some recent weakness, following a positive UK gross domestic product reading, and as investors digest the first wave of US quarterly earnings.

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12 Jan 2024 08:32

TOP NEWS: John Wood revenue grows across business; confident for 2024

(Alliance News) - John Wood Group PLC on Friday said that 2023 trading was in line with expectations, with contract wins and strong order book expected to drive growth through 2024.

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12 Jan 2024 07:05

Strong order book boosts Wood Group earnings

(Sharecast News) - Oil industry services company Wood Group said full-year adjusted core earnings would be slightly ahead of expectations on the back of a strong order book.

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20 Dec 2023 17:04

LONDON MARKET CLOSE: Slowing UK consumer inflation lifts local stocks

(Alliance News) - Stock prices in London closed up on Wednesday as local consumer price inflation slowing faster than expected boosted investor sentiment.

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