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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: 149.80
Bid: 150.10
Ask: 150.50
Change: 1.80 (1.22%)
Spread: 0.40 (0.266%)
Open: 148.50
High: 151.30
Low: 147.00
Prev. Close: 148.00
WG. Live PriceLast checked at -

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Sector movers: M&A activity boosts oil-services sector, Kentz jumps

Mon, 19th Aug 2013 15:59

Two rejected takeover proposals for Kentz Corporation gave London's oil services sector a lift on Monday, with the FTSE 250 constituent rising by as much as a quarter in afternoon trade in the hope that this could signal the start of a bidding war.Kentz rocketed after saying that it has rebuffed a 565-580p-a-share proposal from larger rival AMEC, saying it undervalued the company. AMEC's approach values Kentz at around £680m, compared with Friday's market cap of around £560m (476p a share)."Kentz has a strong and consistent track record of revenue and earnings growth since its IPO in 2008," the firm said in a statement."The company has strong growth prospects given its substantial order backlog, prospective bidding pipeline and robust balance sheet, together with a clear and realisable strategy to create further shareholder value as a standalone entity."Kentz said it had also been approached by Germany's M&W Group about a possible offer, though this was at a lower value than AMEC's and disregarded.Despite the rejections, Kentz's share price was trading 23.66% higher at 588.5p before the close today. "The surge in the share price suggests traders think this may just be the start with a bidding war likely," said Ankit Kapur, Sales Trader at CMC Markets.AMEC said that Kentz would represent an opportunity to extend its geographic footprint in its key growth regions, as well as increase the range of services it offers to clients.According to the London Evening Standard, City sources have said that Kentz could fetch up to 700p a share, valuing the company at nearly £820m.Elsewhere in the sector, Petrofac, Lamprell and Wood Group were making decent gains with the latter rising ahead of its interim report due on Tuesday.Top performing sectors so far todayOil Equipment, Services & Distribution 24,039.23 +1.65%Technology Hardware & Equipment 1,053.55 +0.81%Health Care Equipment & Services 4,420.14 +0.76%Beverages 14,685.96 +0.70%Industrial Transportation 2,917.49 +0.63%Bottom performing sectors so far todayIndustrial Metals & Mining 1,452.71 -3.07%Mining 16,675.72 -2.13%Forestry & Paper 11,019.10 -1.16%Real Estate Investment Trusts 2,361.89 -0.95%Automobiles & Parts 7,930.72 -0.91%
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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 17:11

LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

(Alliance News) - Stocks in London soared on Wednesday, outperforming European peers, after a sharp drop in the annual rate of UK inflation fuelled hopes for interest rate cuts next year.

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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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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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20 Dec 2023 10:00

John Wood appoints "business leaders" to leadership team

(Alliance News) - John Wood Group PLC on Wednesday announced the appointment of replacements for its outgoing human resources leader and group general counsel.

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19 Dec 2023 09:14

Berenberg lowers target price on John Wood Group

(Sharecast News) - Analysts at Berenberg lowered their target price on engineering and consulting business John Wood Group from 200.0p to 180.0p on Tuesday, noting it still sees opportunities elsewhere in the sector.

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19 Dec 2023 09:11

LONDON BROKER RATINGS: Peel Hunt raises Flutter to 'buy' from 'hold'

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

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9 Nov 2023 11:22

John Wood quarterly revenue up on growth across all units

(Alliance News) - John Wood Group PLC on Thursday said sales growth across all of its units helped boost its quarterly revenue, and added its full year expectations remain unchanged.

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9 Nov 2023 08:27

Wood Group reiterates FY guidance

(Sharecast News) - Engineering and consulting business John Wood Group reiterated its full-year outlook on Thursday after securing "significant contract wins" in the third quarter.

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2 Nov 2023 15:57

UK earnings, trading statements calendar - next 7 days

Friday 3 November 
no events scheduled 
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dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
RS Group PLCHalf Year Results
Vaalco Energy IncQ3 Results
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Urban Logistics REIT PLCHalf Year Results
Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
  
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