Company
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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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
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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Bitcoin is up more than 10% but the shine has come off gold a bit
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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
Energy services group boasted a US$1bn new nuclear decommissioning contract with Sellafield and is promoting director Roy Franklin to chairman of the board
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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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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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
The Government Pension Fund of Norway will decide on Friday whether to offload its US$37bn stake in the industry
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
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
"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
Oil price warnings aside, the update for the current financial year was more positive
The benchmark index also gets a boost from optimism over US-China trade talks
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Aside from the blue-chip tobacco firm, the day ahead will also bring updates from retailers Dixons Carphone and Superdry, plus US inflation numbers
The oil and gas engineer believes this contract win strengthens its position as a major midstream player
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 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
It is to provide project management consultancy services for major projects
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
