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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: 190.60
Bid: 190.50
Ask: 190.90
Change: 5.00 (2.69%)
Spread: 0.40 (0.21%)
Open: 191.60
High: 193.90
Low: 183.10
Prev. Close: 185.60
WG. Live PriceLast checked at -

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Wood Group cheers with positive outlook

Wed, 14th May 2014 08:11

- Shares rise on better-than-expected divisional performances- Turbine JVs behind schedule, set to recover by year-end- Group in strong financial positionThe year-to-date performance was slightly ahead of expectations in Wood Group's Engineering and PSN divisions, with its full-year outlook unchanged. The energy services group said its Turbine Joint Ventures business was adversely affected by delays on the Dorad contract, although this is expected to be largely recovered during the remainder of the year."The group remains in a strong financial position," it said. "Market conditions remain broadly consistent with those at the time of the preliminary results announcement in February, with a continuing focus on customer capital efficiency." In its Engineering division, Wood Group said its subsea business was seeing good activity levels, while its onshore pipelines was benefitting from healthy activity in US shale.It said the Sunstone acquisition had positioned it well in a market that is expected to grow to facilitate better access to end markets for oil & gas produced in Western Canada.Within PSN, the Production Services business was performing well, with North Sea demand remaining strong and benefits being seen from significant contract renewals secured in 2013."Performance in the Americas has been led by further growth in our US shale-related business, including the benefit of Elkhorn which has performed strongly since acquisition. We have invested further in the US shale market, adding specialist fabrication capability in the Bakken and establishing safety & technical training facilities in the Eagle Ford play," the group said. Elsewhere, the transition plan in Oman was progressing and the company expects to exit the contract in 2015. "Overall, our trading outlook for the full year is unchanged and we continue to expect earnings before interest, tax and amortisation to be up in 2014, with growth in Wood Group PSN offsetting a reduction in Wood Group Engineering," it said.The share price rose 3.11% to 793.39p by 08:30 on Wednesday. NR
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2 Nov 2023 15:57

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1 Nov 2023 10:45

IN BRIEF: John Wood Group hires Rolls-Royce executive as new CFO

John Wood Group PLC - Aberdeen, Scotland-based engineering and consulting - Hires Arvind Balan as its new chief financial officer, starting April 15 next year. Balan has been CFO of the Civil Aerospace division of jet engine maker Rolls-Royce Holdings PLC for the past two years. Before that, he worked for oil major Shell PLC for 14 years in the UK, Singapore and China. At John Wood, Balan replaces David Kemp, whose retirement was announced back in August, having worked at John Wood for a decade. "Wood has always stood out for me as a company with unique potential," incoming CFO Balan says.

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1 Nov 2023 08:14

Wood Group appoints Arvind Balan as CFO

(Sharecast News) - John Wood Group said on Wednesday that it has appointed Arvind Balan as its chief financial officer and executive director with effect from 15 April 2024.

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18 Oct 2023 09:14

Bodycote appoints successor to chief executive set to retire in May

(Alliance News) - Bodycote PLC on Wednesday said it appointed Jim Fairbairn as its future chief executive officer, set to succeed the retiring Stephen Harris

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3 Oct 2023 09:35

LONDON BROKER RATINGS: UBS cuts Burberry; JPMorgan likes EnQuest

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

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6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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5 Sep 2023 15:22

London close: Stocks fall on back of weak services data

(Sharecast News) - London's stock markets ended the trading day in negative territory on Tuesday, pressured by a decline in sterling against the dollar on the back of disappointing services sector data.

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4 Sep 2023 09:24

Wood Group, Harbour Energy partner for UK North Sea operations

Wood signs contract with Harbour energy

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4 Sep 2023 09:23

John Wood and Harbour Energy enter USD300 million North Sea deal

(Alliance News) - John Wood Group PLC on Monday said it has agreed a new strategic partnership with Harbour Energy PLC to provide engineering, maintenance and other operational services.

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4 Sep 2023 07:36

LONDON BRIEFING: CMC names new CFO; takeover offer for Ergomed

(Alliance News) - Stocks in London are expected to open on a positive note on Monday, amid an improvement in global risk sentiment.

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4 Sep 2023 07:10

Wood Group signs $330m services deal with Harbour Energy

(Sharecast News) - Engineering company Wood Group said it had struck a $330m services agreement with North Sea oil and gas producer Harbour Energy.

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27 Aug 2023 10:27

Sunday share tips: Wood Group, Cake Box

(Sharecast News) - The recent failed takeover for Wood Group could present a buying opportunity for investors, suggests the Mail on Sunday's Midas column.

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24 Aug 2023 14:14

Director dealings: LSE, Wood Group non-execs make purchases

(Sharecast News) - London Stock Exchange was on the list of director buys on Thursday, after an independent non-executive director was linked to a purchase.

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22 Aug 2023 17:13

Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Blue-chip FTSE 100 snaps seven-day losing streak

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22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

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