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
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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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”