Wood Group awarded offshore facility contract in North Sea
11th Feb 2013 07:04
Industrial project management and construction group Wood Group has won a contract for an offshore oil & gas production facility in the Norwegian part of the North Sea. The contract, awarded to Wood Group Mustang (WGM) by Singapore-based peer SMOE, will see the company provide detailed engineering
Read moreLondon close: Stocks hold on to gains despite poor start on Wall Street
18th Jan 2013 16:49
- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreFriday tips round-up: Premier Oil, SDL, Wood Group
18th Jan 2013 06:50
Premier Oil missed its earlier production targets in part because of an outage at a North Sea asset. Its record for exploration there was not much better than that of the sector as a whole ? that is, poor. This year the company will drill at least 14 exploration and appraisal wells, to what effect w
Read moreWood Group wins North Sea contract with Nexen
17th Jan 2013 07:58
Energy services giant Wood Group has won a contract with Nexen Petroleum UK at the Golden Eagle Area Development (GEAD) project in the North Sea. The contract, worth $50m, will see Wood Group PSN (WGPSN) carry out the hook-up and commissioning of GEAD, which is located around 110km north-east of Ab
Read moreFTSE 100 movers: Resolution offers premium performance
14th Jan 2013 15:42
Resolution led the risers on a quiet day as buying momentum on the FTSE 100 dried up. Poor sales of Apple's iPhone made sure the US markets got off on the wrong foot this week, in turn giving FTSE traders the jitters. Even so the insurer benefitted from Credit Suisse upping its target price for the
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon pre-open: FTSE called to open higher after US strikes deal
2nd Jan 2013 07:25
City sources predict the FTSE 100 will open up 87 points from Monday's close of 5,898, following news of the last-minute compromise that was struck in the US to avert the so-called 'fiscal cliff'. The House of Representatives approved the legislation, which will see taxes lifted on the richest US
Read moreNew board members for new year at Wood Group
2nd Jan 2013 07:06
Energy services giant John Wood Group said bosses Mark Dobler and Robin Watson had joined the board as executive directors. Mark Dobler is Chief Executive of Wood Group's GTS division and Robin Watson is Chief Executive of the PSN division. In December the firm reported that it expects to deliver
Read moreSunday share tips: Wood Group, Asos, Kentz Corporation
16th Dec 2012 23:03
Shares of Wood Group have moved off a six-year high seen earlier this year as it looks like there could be some softening of growth next year. While the yield per share on the company´s stock is just 1.8 per cent (such that income seekers should look elsewhere), analysts still expect earnings per sh
Read moreFriday tips round-up: John Wood Group, RWS, Centamin
14th Dec 2012 07:23
Analysts were being steered towards a more cautious outlook for 2013 from John Wood Group, the energy services company, on Thursday, even if the latest trading statement is upbeat enough. The company has performed extraordinarily well during the global downturn. The engineering side has seen earning
Read moreLondon close: 'Fiscal cliff' concerns keep markets under pressure
13th Dec 2012 16:45
- Boehner says White House not serious about 'cliff' - Stocks shrug off Fed stimulus - Centamin plummets after mine suspension Stocks markets across Europe took a breather on Thursday, following a strong performance over the last month, as investors digested stimulus plans by the Federal Reserve an
Read moreFTSE 100 movers: Wood Group falls as update comes in mixed
13th Dec 2012 15:48
Energy services giant Wood Group fell after it reported mixed trading in its Upstream division and despite saying it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'. AstraZeneca fell after revealing that its experimental drug for rheumatoi
Read moreSector movers: Oil services hit by Wood Group disappointment
13th Dec 2012 15:45
Wood Group dragged the oil services sector into the red on Thursday following a pre-close trading update which pointed to mixed trading in its Engineering division. The company said that it expects to deliver "good growth" this year in line with expectations, but shares dropped 3.7% to 740p in afte
Read moreLondon midday: Markets cautious as Fed move already priced in
13th Dec 2012 11:27
- Fed unveils new stimulus measures - Eurogroup approves Greek aid - Centamin plummets after suspending Sukari Indices across Europe pulled back on Thursday morning as they digested last night's stimulus plan from the Federal Reserve, with analysts saying that the move was already priced into marke
Read moreLondon open: Stocks fall as focus turns back to 'fiscal cliff'
13th Dec 2012 08:31
Stock markets in the UK opened broadly flat on Thursday morning in spite of the Federal Reserve's stimulus announcement last night, as the focus turns back to the impending 'fiscal cliff'. While mining stocks more or less gained early on, FTSE 250 gold miner Centamin grabbed the headlines plunging
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