Investments and investor services
Diageo expected to be the toast of Thursday’s market news
Diageo and Lamprell are expected to be among the names under focus in Thursday's schedule.
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.
197 stories · page 2 of 2
John Wood Group upgraded by Numis after better-than-expected results
Wood yesterday reported first-half results ahead of guidance
Wood Group reveals first half slightly ahead of guidance
"Performance in the first half is at the upper end of our guidance range, reflecting continued momentum in trading and delivery of cost and revenue synergies,” said Robin Watson, Wood chief executive.
Archive
BHP Billiton share buyback on the cards for full year results
The day ahead includes full year results from BHP Billiton and first half results from Persimmon
John Wood Group secures services contract with Shell for Malampaya project in the Philippines
The FTSE 250 technical and engineering services provider said the contract would cover Shell’s onshore facilities in Batangas and offshore assets in the Malampaya field near Palawan Island
John Wood Group leaves full-year outlook unchanged
After an upbeat first-quarter trading update last month, the half-year statement was a bit more humdrum
FTSE 100 joins other European benchmarks to go lower as trade fears continue to dent sentiment
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
Archive
Greene King enjoying the summer sunshine
The oil sector dominates the corporate news agenda on Thursday but it is also difficult to get away from matters pertaining to the World Cup
Archive
Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Oil services giant John Wood Group gushes higher as it says it's confident of return to growth in 2018
A look at some notable movers in London trade on Friday
Wood Group shares rise as it highlights good trading momentum in the first quarter
The FTSE 250-listed firm said its performance in the first quarter has been led by its Asset Solutions Americas business, driven by capital projects in power, downstream, chemicals and US shale
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
Wood Group weak as Morgan Stanley cuts to ‘equal-weight’ on lack of 2018 organic growth
The US investment bank also cut its target price for the FTSE 250-listed oil services group by 22.2%, to 700p from 900p, albeit with the stock trading at 532p
Archive
UK inflation data could provide signpost to upcoming Bank of England rate hikes
Day ahead includes February UK inflation numbers, plus results from housebuilder Bellway PLC, online grocer Ocado PLC, and oil services firm John Wood Group PLC
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
Archive
Yellen & Co in focus as Fed looks set to raise rates; TUI, Dixons Carphone, Bellway to update
Day Ahead includes the final Federal Reserve meeting outcome of 2017, plus updates from travel firm TUI, electricals retailer Dixons Carphone, and housebuilder Bellway
Mixed earnings read-across for blue chips Ashtead Group and WPP
A look at some of the biggest risers and fallers today in London
JP Morgan turns bullish on Wood Group as it praises Amec Foster Wheeler acquisition
“Wood Group's acquisition of AMFW has created an engineering blue-chip, with potential to enter the FTSE100 in the near term”
Wood Group confident of completing Amec Foster Wheeler acquisition in October after UK CMA formally accepts remedies
In a statement, John Wood Group said the deal is now expected to be completed upon receipt of merger clearance in Mexico
FTSE 100 rises sharply despite Provident Financial nightmare
The FTSE 100 rose 63 points to 7,382 and the pound has slipped amid Brexit fears
Archive
Big miners to dominate day ahead, with BHP Billiton and Antofagasta to post results
Aside from the two mining blue chips, FTSE 100-listed housebuilder Persimmon PLC will also report its first half results on Tuesday
Shire shares down 3.5% after CFO announces quit plans
Cadence rose after it unveiled plans to offload one of its investments
Wood Group awarded a five-year, multi-million dollar contract by US oil giant Phillips 66
The deal will see the FTSE 250-listed firm provide supplemental maintenance services and support for small capital construction projects and turnarounds to the Sweeny Refinery, near Houston, Texas
Wood to sell Amec's UK offshore oil business to satisfy competition concerns
There are concerns the merger might affect the market for offshore oilfield services in the area.
Amec Foster Wheeler confirms Serious Fraud Office investigation but says no impact expected on takeover by Wood Group
Wood Group simply noted that, as disclosed by its planned takeover partner, it is “not possible to estimate reliably what effect the outcome of this matter may have on Amec Foster Wheeler”
Investments and investor services
FTSE 100 finishes strongly as dovish Fed chair Yellen reassures
The Footsie closed 87.17 higher, or 1.19% to 7,416...
Wood Group more cautious on full-year outlook after weaker than expected first half performance
The FTSE 250-listed firm – which saw its shareholders last week approve the group’s £2.22bn takeover of Amec Foster Wheeler PLC – said the first half had seen “continued challenges in our core oil & gas market with modest recovery only in c
FTSE 100 retreats as US jobs growth surprises on the downside
Blue-chip stocks just about held on to some gains after the US jobs report came in weaker than expected
Archive
AGM key for Amec Foster Wheeler, but US jobs more important for the market
Day ahead: US May jobs data; AGM for Amec Foster Wheeler
OPEC should make the headlines, but Petrofac and other oilfield services firms provide a big, black cloud
Petrofac was the London market’s biggest faller, with its share price plunging by nearly 30% to reach its lowest level since the first half of 2009, wiping around £630mln off its total market value
Petrofac suspends COO, ring-fences CEO's activities from a SFO probe related to Unaoil
On May 12, Petrofac revealed that Ayman Asfari , its CEO, and Marwan Chedid, its COO, had been questioned by the SFO in connection with the ongoing investigation
Wood Group secures contract with operator of oil and gas project Sakhalin-2
The contract extends Wood Group’s partnership with Sakhalin Energy Investment Company, the operator of Sakhalin-2
Amec Foster Wheeler confirms the extent of its troubles with 2016 results
The FTSE 250-listed firm reported a headline pre-tax loss of £542mln for the full-year to December 31 2016, up from a £235mln loss in 2015.
Numis bullish on Wood Group's "bold, opportunistic" bid for Amec Foster Wheeler
Numis analysts have upgraded Wood Group's price target to 929p and AMFW's to 670p and raised both companies ratings to ‘buy’, up from ‘add’ and ‘hold’ respectively
Wood Group raises possible cost savings from its agreed merger with Amec Foster Wheeler by £40mln
The FTSE 250-listed group said that after “further ongoing analysis” it now sees annual pre-tax cost synergies of at least £150mln by the end of the third year after completion of the deal, up from a previous estimate of £110mln
Wood Group awarded US$50mln contract by Premier Oil to provide North Sea maintenance services
The two year contract - which has three, one year extension options - retains more than 150 jobs and extends Wood Group’s support of Premier Oil in the North Sea
FTSE 100 closes lower on Trump fears; miners take a hit
The FTSE 100 is off over 60 points as US shares dive on infrastructure concerns
Wood Group takeover target Amec Foster Wheeler awarded a US$950mln contract from US Air Force Civil Engineer Center
The group said the five-year contract to sustain and improve Air Force and other US Department of Defense installations worldwide has an aggregate maximum value of US$950mln for the multiple awardees and is estimated to reach completion by
Amec Foster Wheeler retreats after Wood Group bid boost as Citi downgrades
In early trading, AMFW shares on the FTSE 250 index were down 1%, or 5.5p at 540.5p, having leapt 12% higher yesterday.
Investors relieved by "logical consolidation" move in hard hit oil services sector
Mike van Dulken, head of research at Accendo Markets, said: “Today’s deal signals logical consolidation as those that operate in and around the Energy sector exit the toughest of times"
Wood Group launches around £2.225bn recommended all-share offer for troubled Amec Foster Wheeler
AMFW shareholders will receive 0.75 new Wood Group shares, which, based on Friday’s Wood Group closing price of 752p, represents a 15.3% premium to AMFW's closing price that day.
Archive
Week Ahead: Bellway expected to have put in solid finish to eventful year
Big names reporting include Bellway, Dixons Carphone, John Wood Group, Go-Ahead Group, PZ Cussons and Berendsen
Investments and investor services
UK stocks end higher but wary of US rate hike
UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
Broker talks up AstraZeneca's lung cancer drug prospects
Jefferies upgraded the health giant to a 'buy' recommendation
Wood Group still hostage to depressed oil price
Interim results revealed the company is still hostage to the depressed oil price.
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
Archive
Proactive oil highlights: Aminex, Gulfsands, Highlands Natural Resources, Lekoil, Obtala, Petrel and more...
The round up of this week's news from the world of oil.
Wood Group struggles to predict future business
Oil services firm said annual outlook and pre-tax earnings guidance had not changed
PREVIEW: Will there be news of remedies or deals from Tullow?
There should be plenty on the agenda for Tullow Oil, which is described by Numis as extremely leveraged” to long term oil price forecasts.
Stocks slide as higher US oil stockpiles eclipse positive industry updates
Small-caps outperformed the FTSE 100 Index, which was seven points adrift at lunchtime
PREVIEW: Solan in focus for Premier Oil investors
The Solan field came online in April, and its early performance will be a key highlight for investors.
Week Ahead: Summit Therapeutics to reflect on year of unrelenting progress
News flow for the drugs developer has been nothing but positive this year
Archive
BHP Billiton and Tullow see targets raised by RBC
BHP Billiton, Tullow Oil, Ted Baker, Antofagasta, and Wood Group are in the broker spotlight on Monday.
Archive
AstraZeneca PLC lacks catalysts for 2016 - Jefferies
Broker Jefferies has cut its rating on drugs giant AstraZeneca PLC to 'hold' from 'buy' saying there's a lack of catalysts in 2016 to re-rate shares.
London shares fall on mining woe and business's EU exit fears
Footsie companies warned that EU exit could cost UK jobs and investment
Oil veteran Wood talks up North Sea prospects
Oil services group reported in-line earnings and a 10% dividend hike
Risers and fallers: Alba, Plethora, TyraTech, Evocutis...
Main share price risers and fallers in London at 4.15pm
Investments and investor services
London shares dip into red after BHP Billiton slashes dividend
The FTSE 100 Index fell 25.3 points to 6012 after global miner BHP Billiton reduced its dividend by 74%
Tuesday's agenda: Peel Hunt bets Ladbrokes' nadir has been reached
Has Ladbrokes finally got the right digital strategy? Peel Hunt believes it has.
Risers & Fallers: Empyrean Energy, Iofina, Mosman Oil & Gas, Photostar LED, Westminster Group
Empyrean's exist from a US shale project looks well-timed
Thursday's agenda - Marshalls to pave the way?
There's a veritable flurry of corporate releases on Thursday......
Week Ahead: MPC unlikely to rock the boat
The Bank of England's Monetary Policy Committee is expected to leave its base rate unchanged; the question is, how many committee members will vote for change?
Investments and investor services
Risers & Fallers: 88 Energy, HSS Hire, Pantheon Resources, Univision and more
Below are the main news-driven share price movements at 4pm.
Silence bolsters board with former British Basketball chairman
Silence develops cancer treatments which effectively help silence rogue genes by changing their genetic make-ups.
Broker spotlight: Optimism cooling on financial sector
Banking results season is imminent, prompting a few brokers to take stock.
Worst yet to come for oil firms, says Goldman Sachs
Goldman said third quarter of 2015 was likely to show signs of further deterioration
Investments and investor services
Good Energy’s switching success highlighted by Cantor
Good Energy, K+S, PZ Cussons, Wood Group, PZ Cussons, Ophir Energy, and Premier Oil are all in Tuesday’s broker spotlight.
New boss steps up to plate at Wood Group
Oil services group appoints chief operating officer as chief executive
Commodity price drop is changing face of stock market
Property and investment stocks are replacing miners and oilers in Footsie
UK to produce more oil & gas for first time in 15 years
North Sea industry has lost 65,000 jobs since early last year
Shell among ‘most resilient’ oilers, City broker says
Shell, Randgold, N Brown, Wood Group and British Land were in Monday’s broker spotlight
Big oil faces long road to recovery, but investors should stay on board
Restoring profits will take time but firms are making progress, analysts say
Most followed: Arctic drilling, African Potash, job losses in Scotland, the dangers of "rubby burns"
Shell has been cleared to start drilling below the ocean floor in the Artic. Aberdeen-based Wood Group has laid off 13% of its workforce, while Scotland's last coal-fired power station is about to bite the dust.
Investments and investor services
London market edges lower as UK inflation rises slightly
Shares fell after disappointing US manufacturing data
Wood Group profits fall on oil industry cutbacks
Services group said conditions in oil & gas markets were still challenging
Wood Group sees worse first half but seals North Sea deal
Oil services supplier faces tough oil and gas markets as oil prices dip
FTSE 100's winning streak ends as Greece and EU trade proposals
The never-ending negotiations over Greek debt enveloped sentiment on the London stock market like the mantle of Odysseus