Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 146.60
Bid: 146.60
Ask: 147.00
Change: -1.80 (-1.21%)
Spread: 0.40 (0.273%)
Open: 150.30
High: 150.30
Low: 143.30
Prev. Close: 148.40
WG. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

More News
14 Jun 2023 14:58

Petrofac Ithaca, Wood Group workers to resume North Sea strike

June 14 (Reuters) - British union Unite said on Wednesday that North Sea offshore oil and gas workers employed by Petrofac on the FPF1 platform, and by the Wood Group UK Limited on TAQA platforms will resume strike action over pay next week.

Read more
14 Jun 2023 14:21

Petrofac Ithaca, Wood Group workers to resume strike action, Unite says

June 14 (Reuters) - British union Unite said on Wednesday that offshore workers employed by Petrofac on the FPF1 platform, and the Wood Group UK Limited on TAQA platforms will resume strike action next week.

Read more
2 Jun 2023 11:43

UK "seen as less accommodating" for big business, despite Dechra deal

(Alliance News) - Analysts were divided over what the latest takeover deal for a London mid-cap means for the wider financial market in the UK.

Read more
26 May 2023 09:41

LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

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

Read more
19 May 2023 14:54

John Wood investor Sparta Capital calls for buyback again

(Alliance News) - John Wood Group PLC should announce a share buyback programme to reverse its "material undervaluation", a shareholder said on Friday.

Read more
15 May 2023 17:22

London stocks start week strong as banks, miners rise

Currys up after lifting annual earnings forecast

*

Read more
15 May 2023 17:11

European stocks rise as investors assess politics, economic data

Spanish lender BBVA hit by Turkey troubles

*

Read more
15 May 2023 16:55

LONDON MARKET CLOSE: Miners lift FTSE 100 in lukewarm start to week

(Alliance News) - Mining shares helped the FTSE 100 outperform on Monday, though peers in Europe only achieved minor gains in a tepid start to the week.

Read more
15 May 2023 13:24

Okay, Boomer: The most popular stocks by generation

STOXX 600 up 0.3%

*

Read more
15 May 2023 12:22

LONDON MARKET MIDDAY: Stocks mostly up, but US budget impasse worries

(Alliance News) - Stock prices in London were largely higher at midday on Monday and the pound held firm against the dollar, with the FTSE 100 boosted by a strong performance by mining stocks.

Read more
15 May 2023 12:11

Wood Group shares sink after Apollo abandons 1.7 bln pound bid

May 15 (Reuters) - Shares in John Wood Group were on track for their biggest one-day drop on record on Monday after U.S.-based Apollo Global Management said it would not proceed with a takeover of the British engineering services firm on its fifth attempt.

Read more
15 May 2023 11:21

Investors query how much steam luxury rally has left

STOXX 600 up 0.3%

*

Read more
15 May 2023 10:30

TOP NEWS: John Wood remains confident as Apollo drops takeover bid

(Alliance News) - John Wood Group PLC on Monday said it was "well placed" to deliver value to shareholders and has faith in its long-term prospects, following Apollo Management Holdings LP's announcement that it will not make a takeover offer.

Read more
15 May 2023 09:19

LONDON MARKET OPEN: Currys outperforms; Wood Group plummets

(Alliance News) - Stock prices in London opened higher on Monday, as a strong performance from mining stocks helped to bolster a cautious optimism, despite concerns over the potential of a US debt default.

Read more
15 May 2023 08:58

STOXX firm despite political, debt ceiling jitters

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX FIRM DESPITE POLITICAL, DEBT CEILING JITTERS (0751 GMT)

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.