Wood Group pre-tax profits up 14 per cent, sees acquisitions boosting 2014
18th Feb 2014 07:05
Oil services company Wood Group reported a 14 per cent increase in pre-tax profits to 412.8m dollars for the year to December 31st, 2013. Revenues rose 3% to $7.1bn, while profits before interest, tax and amortisation (EBITA) jumped 16% to $533m. The US-based company said it would increase its div
Read moreWood Group appoints new Chairman
31st Jan 2014 07:43
Wood Group has appointed Ian Marchant as its new Chairman following the retirement of Allister Langlands. Marchant has been a director of the oil and gas services company since 2006 and has been Senior Independent Non-Executive Director since May 2012. He was Chief Executive of SSE for more than
Read moreBroker tips: Diageo, Sainsbury, Wood Group
30th Jan 2014 12:20
Canaccord Genuity has cut its target price for drinks group Diageo from 1,900p to 1,835p and kept a 'hold' rating, recommending investors to take a cautious view on near-term forecasts after a disappointing first-half report. "While those with a long term horizon may be sanguine about the organic s
Read moreBroker snap: Wood Group to re-rate as confidence grows, says Goldman
30th Jan 2014 09:27
Goldman Sachs has reiterated its 'conviction buy' rating for oil and power services firm Wood Group, saying that the company's strong positioning in the market is not reflected in the stock's valuation. The bank said that Wood Group has underperformed the wider European oil services sector by aroun
Read moreLondon pre-open: FTSE 100 to build on recent gains
21st Jan 2014 07:31
Markets are expected to open slightly higher on Tuesday morning, building on gains made yesterday when the FTSE 100 hit a fresh eight-month high. It was a rather lacklustre session for financial markets across Europe on Monday given that Wall Street was closed for Martin Luther King Jr. Day. Today,
Read moreWood Group scores two contract extensions in Africa
21st Jan 2014 07:01
Wood Group's PSN business has won two significant contract extensions in Africa, worth a collective 250m dollars. The largest, which is worth more than $140m, is a five-year extension on a 2006 contract to provide operations, maintenance and construction management services for asset facilities in
Read moreLondon close: Markets flat after choppy session, services PMIs weakens
6th Jan 2014 16:37
- Miners limit gains after weak economic data - Services PMIs from China, UK, Eurozone and US weaken - RSA rises, UBS says takeover and break-up still possible - Retailers in focus ahead of updates techMARK 2,792.25 +0.13% FTSE 100 6,730.73 0.00% FTSE 250 16,049.30 +0.18% UK markets ended flat on
Read moreLondon midday: Stocks flat as global services PMIs point to slowdown
6th Jan 2014 11:21
- UK, Eurozone, China services PMIs ease - Markets rangebound, little changed by midday - Takeover and break-up of RSA possible, says UBS - Retailers in focus ahead of sales updates techMARK 2,795.09 +0.23% FTSE 100 6,731.24 +0.01% FTSE 250 16,063.40 +0.27% The FTSE 100 was little changed on Monda
Read moreLondon open: Markets flat ahead of busy week, PMIs in focus
6th Jan 2014 08:15
- Services PMIs on tap, Chinese data weakens - RSA leads financials higher - Retailers in focus ahead of trading update, M&S falls techMARK 2,787.71 -0.03% FTSE 100 6,727.98 -0.04% FTSE 250 16,028.46 +0.05% UK markets opened broadly flat on Monday morning with gains in the financial sector offset
Read moreWood Group wins Canada offshore extension deal
19th Dec 2013 07:56
Wood Group has been awarded an engineering and design contract offshore Newfoundland and Labrador. The energy services group's Mustang Canada arm will provide the detailed engineering and design of an integrated topsides facility as part of the White Rose extension project. The group's production
Read moreLondon close: Markets flat as investors turn cautious ahead of Fed
18th Dec 2013 16:41
- Stocks trading within narrow range ahead of Fed - Fed decision due at 19:00 London time - BoE votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low techMARK 2,697.26 +0.47% FTSE 100 6,492.08 +0.09% FTSE 250 15,366.70 +0.12% Markets finished b
Read moreFTSE 250 movers: bwin.party jumps on confident outlook
18th Dec 2013 15:51
Online gambling group bwin.party surged on Wednesday after saying that trading in the final quarter was in line with management's expectations. The firm also said that the outlook for 2014 remains positive, with new product launches, continued mobile expansion, prospects for further growth in the US
Read moreOil equipment and services sector hit by Technip read-across
18th Dec 2013 14:45
The oil equipment and services sector was battered by read-across from a profit warning at French company Technip. A Tuesday evening update from the group fed market angst about a slowdown in capital investment by the oil majors, mentioning that operating margins in its sub-sea unit will be "except
Read moreFriday tips round-up: Sports Direct, John Wood Group
13th Dec 2013 09:18
Sports Direct pile-it-high-sell-it-cheap business model is not very innovative, but they are very good at it. Over the last year the company has seen its share price rise by 76 per cent, staff received a 78,000 pound bonus each and first half sales increased by no less than 24 per cent. Naturally, t
Read moreLondon close: Stocks fall one per cent on earnings, taper fears
12th Dec 2013 16:39
- Perform plummets after profit warning - Sports Direct and Wood Group fall sharply after results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October techMARK 2,652.61 -0.83% FTSE 100 6,445.25 -0.96% FTSE 250 15,211.54 -1.20% The FTSE 100 finis
Read more