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Wood Group (J) Information
Share Price Information for Wood Group (J) (WG.)
Share Price is delayed by 15 minutes
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Share Price:
196.80
Bid:
197.00
Ask:
197.30
Change:
-1.10 (-0.56%)
Spread:
0.30 (0.152%)
Open:
202.00
High:
202.00
Low:
195.50
Prev. Close:
197.90
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Tue, 18th Aug 2015 07:10
(ShareCast News) - Battered by the crashing oil price, engineer Wood Group upped its interim dividend by 10.1% after slashing costs more than expected as its oilfield workforce was cut by a fifth in the face of tumbling sales and profits.Revenue of $3.07bn in the first six months of the year was down 19.3% on the same period last year, with underlying profit down 17.6% to $2.66bn, and adjusted diluted earnings per share fell 9.7% to 40.1 cents.Yet directors said their outlook for 2015 overall remained unchanged and that full year earnings before interest, tax, dpereciation and amortisation (EBITDA) will be in line with analyst consensus, giving them confidence to stick to their previous promise and lift the dividend to 9.8 cents.With conditions in oil and gas markets remaining "very challenging", chief executive Bob Keiller said all efforts had been made to be disciplined with costs.The $40m of overheads savings achieved in the first half were significantly ahead of original estimates and Keiller anticipated the full year benefit of overhead cost savings will be in excess of $80m and that the impact will endure into 2016.Wood Group cut its global oil production services workforce by almost a fifth in a year, from 30,000 to 23,500, with group headcount down 13% since December.Although the company also announced on Tuesday that it had won a new five year, multi-million-dollar contract with Shell, to provide services to four onshore oil fields in Gabon, the outlook remains dim.Said Keiller: "With little prospect of short term improvement in market conditions, we will focus on remaining competitive and protecting our capability, working with clients to reduce their overall costs, increase efficiency and safely improve performance."
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6 Jun 2024 17:02
London stocks close higher on miners boost; ECB cuts rates
FTSE 100 up 0.5%, FTSE 250 adds 0.2%
*Read more6 Jun 2024 12:00
LONDON MARKET MIDDAY: Europe gets boost ahead of ECB rate call
(Alliance News) - Major European indices got a boost on Thursday, as investors eye the European Central Bank's latest interest rate decision.
Read more6 Jun 2024 07:34
Wood Group to 'engage' with Sidara on takeover proposal
(Sharecast News) - Wood Group said late on Wednesday that it had decided to "engage" with Sidara after the Dubai-based engineering and consulting firm made an improved and final takeover proposal last week at 230p a share.
Read more5 Jun 2024 19:18
TOP NEWS: John Wood decides to engage with Sidara over possible bid
(Alliance News) - John Wood Group PLC on Wednesday said it has decided to engage with Dar Al-Handasah Consultants Shair & Partners Holdings Ltd after evaluating a fourth bid proposal received last Wednesday.
Read more29 May 2024 16:58
LONDON MARKET CLOSE: Stocks fall as US Treasury yields widen
(Alliance News) - Stock prices in Europe declined on Wednesday with markets nervy ahead of US data later this week, and as investors digest hawkish words from a US central banker.
Read more29 May 2024 15:35
TOP NEWS: John Wood gets "fourth and final" Sidara takeover bid
(Alliance News) - John Wood Group PLC on Wednesday confirmed that Dar Al-Handasah Consultants Shair & Partners Holdings Ltd has made another cash takeover offer.
Read more29 May 2024 14:55
Sidara raises proposed buyout offer for UK's Wood Group for third time
May 29 (Reuters) - Dubai-based engineering and consulting firm Sidara on Wednesday raised its proposed takeover offer for John Wood Group for the third time, saying that was its "final offer" for the British oilfield services and engineering company.
Read more29 May 2024 14:04
Sidara makes final takeover approach to Wood Group at 230p a share
(Sharecast News) - Wood Group said on Wednesday that it was evaluating a fourth and final "unsolicited, preliminary and conditional" takeover proposal from Dubai-based engineering and consulting firm Sidara at 230p a share.
Read more24 May 2024 17:05
LONDON MARKET CLOSE: FTSE 100 stumbles as rain dampens retail sales
(Alliance News) - Stock prices in London closed mixed on Friday, with the FTSE 100 finishing lower, but smaller indices ending in the green.
Read more24 May 2024 15:19
London close: Stocks mixed after disappointing retail sales data
(Sharecast News) - London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted to a larger-than-expected drop in UK retail sales.
Read more24 May 2024 12:00
LONDON MARKET MIDDAY: FTSE 100 in red as UK election heats up
(Alliance News) - Stock prices in London were mostly in the red at midday Friday, as the UK election debate heats up and retail sales come in below expectations.
Read more24 May 2024 09:53
TOP NEWS: John Wood spurns third takeover approach from Sidara
(Alliance News) - John Wood Group PLC on Friday said it rejected a third takeover approach from Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara.
Read more24 May 2024 07:52
LONDON BRIEFING: UK retail sales fall amid wet April; Co-Op Bank deal
(Alliance News) - Stocks are called to open lower on Friday, following New York lower, as hopes of interest rate cuts have come into question.
Read more24 May 2024 07:02
Wood Group rejects new 220p-a-share approach from Sidara
(Sharecast News) - Wood Group said it had rejected a third unsolicited £1.52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to "significantly undervalue" the group and its prospects.
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