Jefferies downgrades Wood Group to 'hold'
8th Mar 2023 11:17
(Sharecast News) - Analysts at Berenberg downgraded engineering services firm Wood Group from 'buy' to 'hold' on Wednesday following a fourth cash offer for the company.
Read moreWood Group rejects fourth takeover approach from Apollo
7th Mar 2023 07:44
(Sharecast News) - Wood Group said on Tuesday that it was 'minded to reject' a fourth takeover approach from Apollo Global Management as it undervalues the business.
Read moreWood Group rejects takeover offer from Apollo
22nd Feb 2023 17:49
(Sharecast News) - Wood Group said on Wednesday that it has rejected three unsolicited, preliminary and conditional takeover proposals from Apollo Global Management.
Read moreWood Group ends year in line with guidance
12th Jan 2023 08:15
(Sharecast News) - John Wood Group said in an update on Thursday that its results for 2022 were in line with guidance for revenue, adjusted EBITDA and net debt.
Read moreJefferies upgrades Wood Group to 'buy'
12th Dec 2022 12:20
(Sharecast News) - Jefferies upgraded Wood Group on Monday to 'buy' from 'hold' and hiked the price target to 190p from 150p.
Read moreWood Group sees profits in line with guidance
29th Nov 2022 07:55
(Sharecast News) - Shares in energy industry engineering and consulting business Wood Group slumped on Tuesday as it held full-year guidance and said trading in the first 10 months of the year was in line with expectations, although revenue and profits would be lower than 2021.
Read moreJohn Wood reaches settlement in Enterprise suit
14th Nov 2022 08:36
(Sharecast News) - Engineering services company John Wood Group has reached a settlement agreement with Enterprise Products Operating following the conclusion of a legacy lawsuit against its Amec Foster Wheeler subsidiary earlier in the year.
Read moreCanaccord Genuity lowers target price on John Wood Group
22nd Sep 2022 09:15
(Sharecast News) - Analysts at Berenberg lowered their target price on engineering and consulting firm Wood from 300.0p to 275.0p on Thursday after its environment and infrastructure business was acquired by WSP.
Read moreWood Group operating profit falls as revenue dips
23rd Aug 2022 08:15
(Sharecast News) - Wood Group posted a decline in first-half operating profit on Tuesday as revenue dipped.
Read moreWood Group sees higher revenues in H2
7th Jul 2022 08:38
(Sharecast News) - Engineering services company Wood Group said it expected revenues to be higher in the second half, driven by strong order book momentum.
Read moreJohn Wood Group taps Ken Gilmartin for CEO
21st Jun 2022 08:16
(Sharecast News) - Engineering and consulting business John Wood Group named Ken Gilmartin as its new chief executive officer on Tuesday, effective from 1 July.
Read moreWood Group to sell Built Environment consulting business for $1.9bn
1st Jun 2022 07:51
(Sharecast News) - John Wood Group has agreed to sell its Built Environment consulting business to WSP for around $1.9bn.
Read moreJP Morgan upbeat on outlook for oil field services and exploration outfits
23rd May 2022 15:57
(Sharecast News) - Analysts at JP Morgan sounded an upbeat note for European Union oil field services as well as oil and exploration names.
Read moreWood Group CEO to retire as annual losses narrow
20th Apr 2022 07:21
(Sharecast News) - Wood Group chief executive Robin Watson on Wednesday said he was retiring as the company narrowed annual losses and forecast higher revenues for the coming year, but warned of a cash drag.
Read moreJefferies upgrades Wood Group to 'hold'
11th Apr 2022 12:03
(Sharecast News) - Jefferies upgraded Wood Group on Monday to 'hold' from 'underperform' in the absence of any incremental specific company announcements to change its valuation.
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