Wood Group (J) Share News (WG.)

Wood Group's shares dive 40% as cash flow woes to persist

Forecasts up to $200 million negative cash flow this year

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LONDON MARKET MIDDAY: Strong pound pegs FTSE 100 but mid-caps prosper

(Alliance News) - The FTSE 100 traded lower around midday, as gains in sterling kept a lid on some dollar earners offsetting strong gains in miners.

John Wood plans cost cuts, disposals as bleeds cash amid weak trading

(Alliance News) - Shares in John Wood Group PLC tanked on Friday after it announced plans for further cost cuts, and a possible refinancing, as it battles weaker than expected trading and legacy issues.

LONDON MARKET OPEN: Slow start in London but Hermes boosts Paris

(Alliance News) - Stock prices in London opened largely lower on Friday, with trade policy uncertainty continuing to hang over equities, after US President Donald Trump announced planned reciprocal tariffs.

LONDON BRIEFING: NatWest profit beats consensus in "strong" 2024

(Alliance News) - London's FTSE 100 is called to open a touch higher, while the dollar saw little impetus from the announcement of reciprocal tariffs from US President Donald Trump.

Wood Group shares tank on 'difficult' trading update

(Sharecast News) - Shares in Wood Group were tanking on Friday morning, after it flagged weaker-than-expected fourth-quarter trading in an update, and warned of negative free cash flow in 2025.

LONDON MARKET CLOSE: Stocks green as US PCE index meets forecasts

(Alliance News) - Stock prices in London closed mostly higher on Friday, after FTSE 100 leader Smiths Group pleased investors by announcing spin-offs and an increase to its buyback programme.

London close: Stocks mixed as Trump reenters the Oval Office

(Sharecast News) - London stocks ended Monday with a mixed performance as investors assessed the latest UK house price data and monitored Donald Trump's inauguration as the 47th president of the United States.

LONDON MARKET OPEN: Stocks open mixed, Sanderson Design plummets

(Alliance News) - Stock prices in London opened mixed but with gains for the FTSE 100 on Monday, while in Europe, Destatis reported that German producer prices unexpectedly declined in December.

IN BRIEF: John Wood wins "significant" contract with Esso Australia

John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Awarded "significant" new contract by Esso Australia Resources Pty Ltd to provide maintenance of onshore and offshore assets in Gippsland Basin in Victoria state. John Wood says the "long-term" contract starts this month and will create 250 jobs in Victoria. It doesn't provide the monetary value of the contract, nor its exact term.

Wood Group wins maintenance contract with Esso Australia

(Sharecast News) - Wood Group on Monday said it had won a contract to provide long-term maintenance for Esso's onshore and offshore assets in Australia's Gippsland Basin.

Wood Group offloads EthosEnergy stake for $138m

(Sharecast News) - John Wood Group announced on Thursday that it has completed the sale of its 51% stake in EthosEnergy Group to private equity firm One Equity Partners for a final net cash consideration of $138m.

IN BRIEF: John Wood completes Ethos Energy sale for USD138 million

John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Completes the sale of its stake in its joint venture focused on rotating equipment, Ethos Energy Group Ltd, to One Equity Partners LP for USD138 million in cash. Says the USD42 million of prior planned loan notes were replaced by an additional cash consideration at completion. Wood owned 51% of EthosEnergy with Siemens Energy AG and says it contributed USD34 million of adjusted earnings before interest, tax, depreciation and amortisation in 2023.

John Wood wins OMV Petrom contract for sustainable aviation fuel

(Alliance News) - John Wood Group PLC on Thursday said it has won a "significant" contract with OMV Petrom for a sustainable aviation fuel production project in Europe.

LONDON BRIEFING: Stocks down as rate calls uncomfortably digested

(Alliance News) - The FTSE 100 was firmly in the red on Thursday, following a 'hawkish' speech from US Federal Reserve Chair Jerome Powell alongside the expected quarter-point rate cut.