Wood Group buys EESL fabrication unit from administrators
17th Jun 2016 07:23
(ShareCast News) - Energy industry services firm Wood Group said it had bought the trade and assets of Enterprise Engineering Service Limited's (EESL) Aberdeen-based fabrication and manufacturing business from administrators for an undisclosed sum. The employees of the business will transfer to Wood
Read moreWednesday broker round-up
15th Jun 2016 15:32
(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo
Read moreBroker tips: Wood Group, Jimmy Choo, Lonmin
15th Jun 2016 11:02
(ShareCast News) - Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at 'buy'. "The company, in our view, has executed a far more coherent growth/mergers and acquisitions strategy compared to UK Service peers, Amec Foster Wheeler and P
Read moreFTSE 250 movers: Resources rise with gold, crude as Brexit jitters dampen housebuilders
6th Jun 2016 15:10
(ShareCast News) - Rising crude and metals prices helped propel several resources-linked FTSE 250 stocks higher in an overall quiet session, with concurrent Brexit jitters weighing on the housing sector. At 1519 BST, West Texas Intermediate crude was up 1.83% to $49.51 a barrel, while Brent firmed 1
Read moreWood Group expects 2016 earnings to fall by a fifth
11th May 2016 08:42
(ShareCast News) - John Wood Group said it expects full year earnings will fall around 20%, in line with current market expectations. It calculated the consensus forecast for earnings before interest, tax and amortisation (EBITA) was $377m and adjusted diluted earnings per share (AEPS) is 66.4 cents
Read moreWood Group wins two contracts in southern Iraq
9th May 2016 09:23
(ShareCast News) - John Wood Group has won a pair of three-year contracts in Iraq worth a combined $140m. Wood Group's PSN arm, fresh from securing key North Sea oil contracts with Shell last week, has been awarded the two contracts to work on a significant onshore asset in southern Iraq for a major
Read moreWood Group 'saves 500 jobs' with Shell North Sea contract extension
5th May 2016 09:43
(ShareCast News) - John Wood Group has won a three-year contract extension with Shell to support the oil giant's North Sea offshore operations, which it said would save 500 at-risk jobs in Scotland. The FTSE 250 group said the contract, which would retain more than 500 jobs, had options for two one-
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreWood Group wins $500m Azerbaijan contract with BP
28th Apr 2016 08:36
(ShareCast News) - Wood Group has won a $500m contract to provide engineering, procurement and construction management services (EPCM) for eight offshore oil and gas facilities for BP in Azerbaijan. The five-year contract for Wood's PSN division continues the group's 40 year history of working with
Read moreFTSE 250 movers: Ted Baker boosted as strike threat hits Wood Group
25th Apr 2016 14:07
(ShareCast News) - The FTSE 250 remained in the black in afternoon trading on Monday, though some stocks were under the pump as crude and copper prices fell. Ted Baker was one of the leading risers, after analysts at Jefferies upgraded the stock to 'buy' from 'hold', though they did cut the price ta
Read moreWood Group buys Australia's SVT for undisclosed sum
5th Apr 2016 08:05
(ShareCast News) - Mining services outfit Wood Group said it had bought Australian firm SVT Engineering Consultants for an undisclosed sum. SVT, a privately-owned company with headquarters in Perth, provides piping and rotating equipment vibration, noise, integrity engineering and asset integrity se
Read moreLondon pre-open: Slightly higher start expected
4th Apr 2016 07:56
(ShareCast News) - Trading is expected to get off to a quiet start this week, with investors looking out to the release of a widely-followedservice sector survey Stateside later in the afternoon and the minutes of the Fed´s last rate-setting meeting, on Wednesday, for guidance. Against that backdrop
Read moreWood Group celebrates TAQA contract extension
4th Apr 2016 07:24
(ShareCast News) - FTSE 250 energy services firm Wood Group was celebrating a contract win on Monday morning, announcing it had been awarded a two-year extension to its service provision for the Abu Dhabi National Energy Company (TAQA) in the North Sea. Under the contract, which also includes option
Read moreWood Group wins services contract with Shell
23rd Mar 2016 07:32
(ShareCast News) - Energy services company Wood Group said it has won a new three year contract with Shell to deliver industrial services to the St Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefoot Bay marine terminal in Fife, Scotland. No financial de
Read moreTuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
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