Wood Group buys US-based Infinity for USD130m
3rd Dec 2015 07:31
(ShareCast News) - Energy services company Wood Group said it is buying Texas-based industrial construction and maintenance contractor Infinity Group for an initial $150m (£100m). Infinity serves the petrochemical, refining and gas processing sectors, providing a range of services including mechanic
Read moreBroker tips: Grafton Group, Morgan Advanced Materials, Wood Group
12th Nov 2015 14:32
(ShareCast News) - Grafton Group issued a disappointing trading statement, but things should not be taken out of context, a top broker said on Thursday. Indeed, the builders merchant and DIY retailer may have an ace up its sleeve when compared with rivals, as the Irish recovery will remain a key (an
Read moreWood Group drops on Exane downgrade
12th Nov 2015 12:04
(ShareCast News) - Wood Group was under pressure after Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'. The bank said it has been a big fan of Wood Group for some time. It noted the shares have materially outperformed the European oil services peer group over the last two year
Read moreThursday broker round-up
12th Nov 2015 09:36
(ShareCast News) - Wood Group (john): Exane BNP Paribas downgrades to neutral. Target price: 600.00p. Man Group: RBC Capital Markets downgrades to sector perform, cuts target price to 170.00p. Bba Aviation: Jefferies reiterates to buy, bumps down target price to 280.00p. Diploma: Jefferies reitera
Read moreFTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps
4th Nov 2015 14:07
(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,
Read moreWood Group wins multi-million dollar contract with BP
29th Oct 2015 08:25
(ShareCast News) - Wood Group has won a multi-million dollar contract to provide engineering services to BP's existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and offshore Azerbaijan. The company's subsidiary, Wood Group Kenny, will deliver the programme, pr
Read moreWood Group wins $31m US contract
20th Oct 2015 07:08
(ShareCast News) - Wood Group has won a $31m contract to deliver operations management services to Carbon Creek Energy's coalbed methane field in Wyoming. The FTSE 250 oil and gas services company announced the deal on Tuesday. The contract, which is initially for 12 months and reviewed annually, w
Read moreWood Group wins Kazakhstan deal
7th Oct 2015 08:07
(ShareCast News) - Energy services company Wood Group has been awarded a multi-million dollar deal by US construction and civil engineering group Bechtel. Under the deal, the FTSE 250 company will provide an automation solution consisting of detailed engineering, control hardware and remote instrume
Read moreBroker tips: Wood Group, UK Mail Group
6th Oct 2015 17:45
(ShareCast News) - Barclays upgraded Wood Group to 'overweight' from 'equalweight', keeping its price target at 830p. "We feel that Wood Group offers investors a combination of both stability and oil price exposure," the broker said, adding "If we do see an uptick in oil prices, then we feel that Wo
Read moreBarclays bumps Wood Group up to 'overweight'
6th Oct 2015 09:37
(ShareCast News) - Barclays upgraded Wood Group to 'overweight' from 'equalweight', keeping its price target at 830p. "We feel that Wood Group offers investors a combination of both stability and oil price exposure," it said, adding "If we do see an uptick in oil prices, then we feel that Wood Group
Read moreWood Group appoints Robin Watson as CEO
6th Oct 2015 07:15
(ShareCast News) - Wood Group has appointed Robin Watson as chief executive officer with effect from 1 January 2016. He succeeds Bob Keiller who has decided to retire from the company on 31 December. Watson has served on the board since 2013, initially as CEO of Wood Group PSN and, since April 2015
Read moreWood Group buys Bedfordshire-based Automated Technology Group
22nd Sep 2015 12:04
(ShareCast News) - Wood Group has acquired Automated Technology Group (ATG), a supplier of control and power solutions for industrial automation, for an undisclosed sum. The company, which is headquartered in Bedfordshire, operates primarily in the UK automotive, food and beverage and airport sector
Read moreWood Group providing engineering services to Texas refinery project
10th Sep 2015 08:07
(ShareCast News) - Wood Group said it is providing engineering and procurement services to Flint Hills Resources' refining hub at Corpus Christi, South Texas, US for the company's Eagle Ford modification project. The oil services company said the modification and upgrade - at the City's West Refiner
Read moreBroker tips: Barratt Developments, Royal Dutch Shell, Wood Group
24th Aug 2015 15:17
(ShareCast News) - RBC Capital Markets downgraded Barratt Developments and Taylor Wimpey as it tempered its view on housebuilders ahead of a potential interest rate rise. The Canadian broker maintained that the structural demand drivers and land-buying trends are positive, and that the sector has be
Read moreWood Group upgraded by Numis on aggressively cutting potential
24th Aug 2015 13:10
(ShareCast News) - Numis has upgraded shares in Wood Group to 'buy' from 'hold' after it reported encouraging results last week. While revenues declined 19%, more than Numis expectations of a 13% fall, the engineer demonstrated the benefits of its asset-light business model by making significant cos
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