Wood Group downplays GoM exposure
1st Jul 2010 07:28
Energy services group John Wood Group said that fall-out from the oil spill in the Gulf of Mexico is not expected to materially affect the company's performance this year. The company disclosed that about 4% of the group's annual revenue is related to new deep water developments in the Gulf of Mexi
Read moreJohn Wood Group Sees FY Trading In Line With Views
1st Jul 2010 07:07
LONDON (Dow Jones)--John Wood Group PLC (WG.LN), an international energy services company, said Thursday that overall, performance for the Group for the year to date is in line with expectations. MAIN FACTS: -The consequences of the Macondo incident in the Gulf of Mexico are not anticipated
Read moreJohn Wood Group Gets Chevron Unit Pact For Australia LNG Plant
24th Jun 2010 14:23
LONDON (Dow Jones)--John Wood Group PLC (WG.LN) said Thursday it has been selected by Chevron Global Upstream and Gas, a subsidiary of Chevron Corp (CVX), to provide ready-for-start-up operations support services for the Wheatstone Project liquid natural gas, or LNG, plant on the northwest coast of
Read moreWood Group Unit In Chesapeake Lawsuit Over "Faulty" Valve
22nd Jun 2010 17:24
By Iain Packham Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.S. natural gas company Chesapeake Energy (CHK) is seeking damages from a unit of U.K. oil and gas services firm John Wood Group PLC (WG.LN) following a blowout at a gas well in Louisiana last year, according to court documents seen
Read moreLondon close: China currency move lifts shares
21st Jun 2010 16:31
Footsie closed just shy of 5,300 as mining stocks advanced on higher commodity prices after China's decision to delink the yuan from the US dollar. Miners Vedanta, Rio Tinto, Xstrata, Antofagasta and BHP Billiton were among the best performers. BHP and Rio have agreed to increase iron ore royalti
Read moreLondon afternoon: Miners lead the advance
21st Jun 2010 14:20
China's decision to delink the yuan from the US dollar has provided UK stocks with a lift and calmed nerves ahead of tomorrow's hair-shirt Budget from chancellor of the exchequer George Osborne. Miners are the main beneficiaries of the optimism engendered by China's move, with Vedanta, Rio Tinto, X
Read moreLondon midday: Yuan move lifts equities
21st Jun 2010 12:06
Having just failed to make it eight consecutive gains in a row on Friday the blue-chip index is resuming its steady rise today as stocks are buoyed by news that China will allow the yuan more flexibility after a two-year peg against the dollar. It's hoped the decision will reinvigorate the Chinese
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 13:46
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1246 GMT [Dow Jones] Evolution Securities Tuesday took a cautious stance on the recovery of Wellstream (WSM.LN), Hunting (HTG
Read moreMARKET TALK: Evolution Sec Cautious On Oil Services Recovery
15th Jun 2010 13:46
1246 GMT [Dow Jones] Evolution Securities Tuesday took a cautious stance on the recovery of Wellstream (WSM.LN), Hunting (HTG.LN) and John Wood Group (WG.LN), warning they may be vulnerable to potential downgrades for 2H '10 and, more significantly, 2011, because of their offshore service operations
Read moreLondon midday: BP slows Footsie's climb
14th Jun 2010 12:07
Barely a dozen of the FTSE 100's constituents finished the morning in the red but the blue-chip index's advance was less than convincing, largely due BP being on the end of another battering. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is
Read moreJohn Wood Unit Gets Kurdistan Power Facility Maintenance Pact
8th Jun 2010 08:57
LONDON (Dow Jones)--John Wood Group (WG.LN), an international energy services company, said Tuesday its subsidiary, Wood Group GTS, has signed a multi-year agreement with Mass Global Investment Company for operations and maintenance of the Solymaniah Power Facility, located in the Kurdistan region o
Read moreLondon close: Shares rise as government takes shape
12th May 2010 16:45
Markets started indecisively with attention focused on the trickle of news of cabinet appointments followed by the first performance of the Cameron-Clegg double act in the garden of 10 Downing Street, but shares later picked up and closed with good gains. Cameron and Clegg were given an indication
Read moreLondon afternoon: Coalition hopes lift Footsie
12th May 2010 15:07
Investors' attention remains firmly focused on the assembly of prime minister David Cameron's new government and his first press conference with new partner Nick Clegg. The pair seemed indistinguishable as they stood on the lawns of No 10 Downing St, but they were given an indication of the econom
Read moreLondon midday: Shares seeking direction
12th May 2010 12:04
With much of traders' attention focused on the assembly of prime minister David Cameron's new government, shares are little changed. Cameron, the country's youngest prime minister for almost 200 years, will head a coalition government of the Conservatives and Liberal Democrats. Lib Dem leader Nick
Read moreLondon open: Footsie starts lower
12th May 2010 08:42
London's top stocks opened slightly lower as David Cameron started his first full day as Britain's new prime minister. Cameron, the country's youngest prime minister for almost 200 years, will head a coalition government of the Conservatives and Liberal Democrats after a day of more dramatic twists
Read more