Company
John Wood Group PLC
LON:WG.
John Wood Group PLC is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. The company provides consulting, projects and operations solutions in 60 countries, employing around 35,000 people.
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FTSE 100 Live: Rally fizzles out as London closes in the red
London's blue-chips fell back after a bright start to close in negative territory
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FTSE 100 Live: Stocks off highs after bright start as Dow retreats
London's blue chips have followed a similar path to Monday falling back off highs after a strong start
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FTSE 100 ends the day in positive territory on hopes for soft landing
London's main index had added 24 points to finish at 7,440 points or a 0.3% gain on the day
Wood Group settles long-standing legal action for US$115mln
In 2016, Enterprise Products filed a lawsuit against Amec Foster Wheeler, a company Wood acquired in 2017, and one of its subsidiaries
Wood Group interim profits fall but expects rebound in second half on strong order book
"The strong order book gives me confidence for the future but there is a lot more to do on cash generation and this is our top priority,” said CEO Ken Gilmartin
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FTSE 100 closes back below 7,500; US stocks mixed as data disappoints, Jackson Hole eyed
At the close, the UK blue-chip index was 45.68 points, or 0.6% weaker at 7,488.11, above the day’s low of 7,467.56 but well below the session peak of 7,533.79
Tuesday's agenda: Are global economies withstanding the energy price battering?
Flash PMIs to give an insight into how the West's manufacturers are coping with the economic maelstrom
Will Wood Group and Hunting finally see any benefit from elevated energy prices?
Wood Group's interims are due on Tuesday and Hunting's on Thursday
Wood Group sees stronger performance in second half
It expects to report underlying profit of about US$250mln for the six months to end-June on revenue of about US$3.2bn
Wood Group parachutes new COO in as chief exec
Before joining the British engineering business as chief operating officer last August, Gilmartin worked for Jacobs Engineering Group
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FTSE 100 closes lower as Wall Street shows caution ahead of Fed meeting; UK wages data grim
The UK blue-chip index ended 18.35 points, or 0.3% lower at 7,187.46, well below the session peak of 7,271.85 but above the session low of 7,135.15
Wood Group agrees to sell Built Environment business to WSP Global for US$1.9bn
The company said its outlook for this financial year remains unchanged from that set out in its 2021 results announcement in April
Wood Group results hit by decline in Projects business; CEO to step down
The group expects higher revenue in 2022 across the business, supported by its strong order book
Wood Group sees FY revenue in line; puts built environment business up for sale
The firm's Built Environment consultancy is to be sold and that's expected to soften leverage.
Wood Group confident of return to growth on the back of strong orders
The order book at end-June was 18% higher compared with six months earlier
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FTSE 100 closes in the green but traders quiet ahead of Jackson Hole
Britain's index of leading shares closed up around 16 points, or 0.24%, to stand at 7,125
Wood Group secures US$600mln UK government-backed loan to invest in low-carbon opportunities
The five-year loan is 80% guaranteed by UK Export Finance
Wood Group pays US$177mln to settle Foster Wheeler bribery probe
“Although we inherited these issues through acquisition, we took full responsibility in addressing them"
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John Wood Group investors will hope something better on Thursday
It looks like a quieter diary day on Thursday but Wood group will be closely watched by investors.
John Wood Group turns a loss as COVID-19 hits global engineering and consultancy market
Sees strength in built environment, growth in renewables and relatively robust revenues in process and chemicals
Wood Group hired by Centrica’s Spirit Energy to extend life of Morecambe Bay gas fields
"There is still more we can do to extend Morecambe's field life while reducing its emissions and contribute to the UK's Net Zero targets," said Spirit director John Cowie
Wood Group completes cost-cutting plan but eyes further debt reduction in second half
No interim dividend was paid, with Wood Group saying a payout is not likely while “uncertainty arising from COVID-19 and oil price volatility persists”
Wood Group pushes towards renewables as order book and profits shrink
The engineer's upstream and midstream oil & gas activity was down 5% and renewables activity was up 4% in the first half
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FTSE 100 climbs higher on Friday as investor sentiment gets a boost this week
Britain's blue-chip benchmark finished around 68 points higher, or 1.10% at 6,292
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John Wood Group to surface with trading update on Friday
The end of the week will also bring final results from Record PLC and the latest UK retail sales data
John Wood Group wins solar farm contracts in US state of Virginia
“We are seeing an unstoppable momentum towards a lower-carbon energy environment,” Stephanie Cox, chief executive of Wood's Asset Solutions Americas business said
Wood Group is “more resilient than market thinks” - UBS
The Swiss bank lifted its recommendation to 'buy' and set a new price target of 290p per share.
Wood Group cancels US$160mln dividend amid coronavirus and low crude prices
The firm announced the cancelling dividends, a 10% executive pay cut, redundancies and temporary staff furloughs.
Barclays upgrades Wood Group and downgrades Hunting on crude crash and coronavirus turmoil
“The industry will endure, in our opinion, but it could look considerably different."
Wood Group says “too early” to quantify impact of oil price collapse, coronavirus
Wood described “generally robust activity” across its energy and built environment businesses.
Wood Group: why a big split has emerged over its US shale move
The services provider is trading at a decade low as it drags on after a merger with Amec Foster Wheeler, while standing at the top of the short-selling list in the UK despite a turnaround strategy
Wood Group flows higher as Berenberg lifts it up to ‘buy’
If synergies from the Amec Foster Wheeler acquisition come through as planned, Berenberg says the “outlook is bright”
Morgan Stanley mixed on oil services firms; ups Wood Group to ‘overweight’, cuts Petrofac to ‘equal weight’
For Petrofac, the investment bank said while it was "well positioned" to grow its order backlog, an ongoing SFO probe remains the biggest factor affecting the share price
Wood Group thanks Donald Trump and Iraq as first-half profits soar
It’s an unlikely combination, but increased US government infrastructure spending and a pick-up in oil and gas activity in Iraq has boosted demand for Wood’s services
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FTSE 100 still stuck in neutral; G20 meeting can't come soon enough
Bitcoin is up more than 10% but the shine has come off gold a bit
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Bunzl to take Wednesday spotlight as this week’s only blue-chip update
The FTSE 100 logistics group doesn't normally discuss profits in its trading statements, however if it does in this week's update analysts will be looking at operating margins and its US performance
Wood Group says profits will be even more weighted to second half
Energy services group boasted a US$1bn new nuclear decommissioning contract with Sellafield and is promoting director Roy Franklin to chairman of the board
John Wood sinks as Jefferies downgrades stock on increasing dividend risk
The broker cautioned that there was “little organic deleveraging” of the firm’s debt pile, which despite falling US$450mln across 2017 and 2018 had relied heavily on the sale of the upstream business of Amec Foster Wheeler for US$225mln
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FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
Oil & Gas firms on tenterhooks as world’s largest sovereign wealth fund to decide whether to dump sector
The Government Pension Fund of Norway will decide on Friday whether to offload its US$37bn stake in the industry
Just Eat to re-join FTSE 100 index next month, just one quarter after demotion; Phoenix Group also gains blue chip status
The FTSE UK indexes quarterly reshuffle was announced after the London market close on Wednesday, with the changes to come in effect at the start of trading on Monday 18 March
Wood Group sells off another US$28mln of joint venture interests
Including the sale of its stake in an Italian wind farm which completed last month, Wood Group has now disposed of US$54mln worth of joint venture holdings in recent months
John Wood Group lands US$66mln contract for services to Sellafield nuclear site
"Securing this important framework is proof of the rationale for acquiring Amec Foster Wheeler 12 months ago and a good revenue synergy," said Bob MacDonald, the head of Wood Specialist Technical Solutions
Wood Group shares drop on oil price caution
Oil price warnings aside, the update for the current financial year was more positive
FTSE 100 closes higher on speculation Prime Minister May will survive Brexit-related no-confidence vote
The benchmark index also gets a boost from optimism over US-China trade talks
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Stricter regulation and margin hit from e-cigarette switch to weigh on BAT trading update
Aside from the blue-chip tobacco firm, the day ahead will also bring updates from retailers Dixons Carphone and Superdry, plus US inflation numbers
Wood Group wins US$43mln Texas pipeline construction contract
The oil and gas engineer believes this contract win strengthens its position as a major midstream player
FTSE 100 clings on to triple-digit gain
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings
Christmas spirit could be lacking for Royal Mail as ejection from FTSE 100 index beckons once again
Christmas might be Royal Mail’s busiest time of the year but a shock profit warning from its new chief executive Rico Back in October wiped out 20% of the postal firm’s market value, making the group a shoo-in for another demotion
Wood Group lands US$53mln of new business in Abu Dhabi
It is to provide project management consultancy services for major projects
FTSE 100 closes lower as political worries and trade fears put investors off
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37