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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: 195.80
Bid: 196.60
Ask: 196.90
Change: -1.70 (-0.86%)
Spread: 0.30 (0.153%)
Open: 200.00
High: 200.00
Low: 195.10
Prev. Close: 197.50
WG. Live PriceLast checked at -

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Sector movers: Cyclicals slump, defensives rise as risk appetite wanes

Fri, 10th Oct 2014 14:06

Cyclical sectors such as mining and oil services were bearing the brunt of the market sell-off on Friday as fears about a global economic slowdown prompted investors to scale back risk appetite.Mining heavyweights such as Antofagasta, Glencore, Fresnillo and BHP Billiton were all under pressure as markets showed concerns with how subdued growth would affect the demand for natural resources.Meanwhile, a continued slump in the price of crude was affecting stocks in the oil services sector with Brent trading near a four-year low amid slowing demand and expanding output. Amec, Petrofac, Lamprell and Wood Group were all suffering heavy losses.Wood Group, which delivered a well-received trading update on Thursday, was among the worst-performers after Numis Securities downgraded the stock from 'add' to 'hold', saying it has become "much more levered to oil prices than we had appreciated, particularly in the US onshore market".The broker said that visibility of client spend in the US shale market is low, and with oil prices so depressed there is an increased risk of a reduction in US onshore rig count associated capital expenditure.In contrast, shares in defensive categories such as telecoms and real estate were bucking the trend with stocks such as BT Group, Kcom, Talktalk, Hammerson, British Land and Land Securities registering gains.Defensives are companies whose earnings and dividends tend to be relatively stable in times of market and economic volatility.Utility services group Telecom Plus meanwhile jumped 7% after delivering an impressive trading update. The company said it was "comfortable" with consensus forecasts after a strong pick-up in growth in the second quarter. Top performing sectors so far todayFixed Line Telecommunications 4,207.35 +0.33%Real Estate Investment Trusts 2,729.39 +0.23%Forestry & Paper 10,308.19 +0.10%Bottom performing sectors so far todayTechnology Hardware & Equipment 1,015.20 -3.11%Mining 15,082.57 -2.62%Industrial Engineering 8,951.34 -2.40%Oil Equipment, Services & Distribution 20,704.13 -2.32%Industrial Metals & Mining 1,272.71 -2.13%
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LONDON MARKET MIDDAY: Europe gets boost ahead of ECB rate call

(Alliance News) - Major European indices got a boost on Thursday, as investors eye the European Central Bank's latest interest rate decision.

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6 Jun 2024 07:34

Wood Group to 'engage' with Sidara on takeover proposal

(Sharecast News) - Wood Group said late on Wednesday that it had decided to "engage" with Sidara after the Dubai-based engineering and consulting firm made an improved and final takeover proposal last week at 230p a share.

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5 Jun 2024 19:18

TOP NEWS: John Wood decides to engage with Sidara over possible bid

(Alliance News) - John Wood Group PLC on Wednesday said it has decided to engage with Dar Al-Handasah Consultants Shair & Partners Holdings Ltd after evaluating a fourth bid proposal received last Wednesday.

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29 May 2024 16:58

LONDON MARKET CLOSE: Stocks fall as US Treasury yields widen

(Alliance News) - Stock prices in Europe declined on Wednesday with markets nervy ahead of US data later this week, and as investors digest hawkish words from a US central banker.

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29 May 2024 15:35

TOP NEWS: John Wood gets "fourth and final" Sidara takeover bid

(Alliance News) - John Wood Group PLC on Wednesday confirmed that Dar Al-Handasah Consultants Shair & Partners Holdings Ltd has made another cash takeover offer.

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29 May 2024 14:55

Sidara raises proposed buyout offer for UK's Wood Group for third time

May 29 (Reuters) - Dubai-based engineering and consulting firm Sidara on Wednesday raised its proposed takeover offer for John Wood Group for the third time, saying that was its "final offer" for the British oilfield services and engineering company.

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29 May 2024 14:04

Sidara makes final takeover approach to Wood Group at 230p a share

(Sharecast News) - Wood Group said on Wednesday that it was evaluating a fourth and final "unsolicited, preliminary and conditional" takeover proposal from Dubai-based engineering and consulting firm Sidara at 230p a share.

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24 May 2024 17:05

LONDON MARKET CLOSE: FTSE 100 stumbles as rain dampens retail sales

(Alliance News) - Stock prices in London closed mixed on Friday, with the FTSE 100 finishing lower, but smaller indices ending in the green.

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24 May 2024 15:19

London close: Stocks mixed after disappointing retail sales data

(Sharecast News) - London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted to a larger-than-expected drop in UK retail sales.

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24 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 in red as UK election heats up

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24 May 2024 09:53

TOP NEWS: John Wood spurns third takeover approach from Sidara

(Alliance News) - John Wood Group PLC on Friday said it rejected a third takeover approach from Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara.

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24 May 2024 07:52

LONDON BRIEFING: UK retail sales fall amid wet April; Co-Op Bank deal

(Alliance News) - Stocks are called to open lower on Friday, following New York lower, as hopes of interest rate cuts have come into question.

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24 May 2024 07:02

Wood Group rejects new 220p-a-share approach from Sidara

(Sharecast News) - Wood Group said it had rejected a third unsolicited £1.52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to "significantly undervalue" the group and its prospects.

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