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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: 184.10
Bid: 184.10
Ask: 184.70
Change: -3.70 (-1.97%)
Spread: 0.60 (0.326%)
Open: 187.80
High: 187.80
Low: 183.60
Prev. Close: 187.80
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UPDATE 1-Wood Group earnings rise as oil & gas firms spend more

Tue, 05th Mar 2013 07:40

* FY EBITA $461 mln stg vs $342 mln yr ago

* Sees growth in all divisions in 2013

* Oman 2012 loss $20 mln, at top end of guidance

LONDON, March 5 (Reuters) - British energy services companyJohn Wood Group posted a 35 percent jump in profits onTuesday thanks to an increase in spending from oil and gascompanies, which it said is set to continue this year.

Wood Group, which designs, builds and maintains oil and gasfacilities and pipelines, said earnings before interest, tax andamortisation (EBITA) for continuing operations was $461.1million in 2012, in line with expectations.

"We anticipate good progress in all divisions in 2013," saidthe company's chief executive Bob Keiller in a statement.

The group's engineering division is expected to deliverEBITA growth of around 15 percent in 2013, it said, thanks toprospects in a number of key regions including the Gulf ofMexico, the Middle East, Norway and Asia Pacific.

Last week, peer Petrofac posted a 17 percent rise innet profit to $632 million, narrowly missing forecasts.

John Wood said it expects improvement on a difficult Omanproject, where delays have ratcheted up losses and weighed onits shares. It confirmed that losses in Oman were $20 million in2012, at the top end of a previous guidance range.

The company hiked its full-year dividend 26 percent to 17cents.

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15 May 2024 16:59

LONDON MARKET CLOSE: Confident trade as US inflation rate cools

(Alliance News) - Stock prices in London closed higher on Wednesday, while the dollar struggled after a softer US inflation reading and weaker retail sales data, which put pressure on the Federal Reserve to consider rate cuts soon.

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15 May 2024 15:55

TOP NEWS: John Wood rejects improved takeover proposal by Sidara

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

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15 May 2024 15:38

Wood Group rejects 212p a share takeover proposal from Sidara, shares tumble

(Sharecast News) - Wood Group tumbled on Wednesday after saying it had rejected a second, improved £1.5bn takeover proposal from Dubai-based engineering and consulting company Sidara.

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13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

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13 May 2024 12:01

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(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

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10 May 2024 10:10

Berenberg hikes target price on John Wood

(Sharecast News) - Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150.0p to 220.0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205.0p per share.

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10 May 2024 09:52

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(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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9 May 2024 12:57

John Wood first quarter revenue drops but keeps positive outlook

(Alliance News) - John Wood Group PLC on Thursday reported a drop in its quarterly sales, but maintained an upbeat outlook.

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9 May 2024 07:43

Wood Group Q1 EBITDA rises but revenues fall

(Sharecast News) - Wood Group posted a rise in first-quarter EBITDA but a drop in revenue on Thursday, a day after saying it had rejected a £1.4bn takeover proposal from Dubai-based Sidara.

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8 May 2024 18:15

UPDATE: Sidara ponders next move after John Wood rejects bid approach

(Alliance News) - Sidara on Wednesday said it is "considering its next steps" after John Wood Group PLC rejected a takeover approach.

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8 May 2024 17:46

FTSE 100 hits record high, pound slips ahead of BoE verdict

FTSE 100 up 0.5%, FTSE 250 adds 0.4%

*

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8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

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8 May 2024 16:36

London close: Stocks rise further ahead of BoE decision

(Sharecast News) - London's stock markets closed with gains on Wednesday, bolstered by a dip in the value of the pound against both the dollar and the euro.

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8 May 2024 13:56

UK's Wood Group rejects engineering firm Sidara's 1.4 bln pound bid

May 8 (Reuters) - British oilfield services and engineering firm John Wood Group rejected a potential 1.42 billion pound ($1.77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it "undervalued Wood and its future prospects".

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8 May 2024 13:22

Wood Group surges after rejecting 205p a share takeover proposal from Sidara

(Sharecast News) - Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1.4bn.

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