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John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

748.00GBp
19 Sep 2018
Change (% chg)

5.60 (+0.75%)
Prev Close
742.40
Open
750.40
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752.80
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735.80
Volume
2,102,945
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2,555,742
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788.10
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515.00

Latest Key Developments (Source: Significant Developments)

John Wood Group Signs New Contract With Total Denmark E&P
Monday, 27 Aug 2018 

Aug 27 (Reuters) - John Wood Group PLC ::SECURED A NEW FOUR-YEAR CONTRACT WITH TOTAL DENMARK E&P.CONTRACT TO PROVIDE DEVELOPMENT AND DELIVERY OF OPERATIONS READINESS ASSURANCE SCOPE FOR TYRA REDEVELOPMENT PROJECT.  Full Article

John Wood Group Secures Extension To Global Framework With Shell
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - John Wood Group PLC ::WOOD SECURES EXTENSION TO GLOBAL FRAMEWORK WITH SHELL.SECURED 3-YEAR EXTENSION TO FRAMEWORK AGREEMENT WITH SHELL TO CONTINUE COMPLETIONS MANAGEMENT, CERTIFICATION SOFTWARE TO ASSETS GLOBALLY.  Full Article

Wood Plc Ups 3 Year Annual Costs Savings Target From Amec Deal by at least $40 mln
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - John Wood Group PLC ::HY TOTAL REVENUE $5,382 MILLION VERSUS $4,744 MILLION ON A PROFORMA BASIS.HY TOTAL EBITA $260 MILLION VERSUS $264 MILLION ON PROFORMA BASIS.HY ADJUSTED DILUTED EPS 23.2C.INTERIM DIVIDEND 11.3C.NET DEBT OF $1.6BN AT HY-END.FULL YEAR OUTLOOK UNCHANGED.SAYS "CONFIDENT OF STRONGER H2 DUE TO VISIBILITY ON REVENUES, COST SYNERGIES AND PHASING OF PROJECTS AND MARKET RECOVERY".ORDER BOOK CURRENTLY STANDS AT C $10.6BN.C85% OF FY2018 REVENUE DELIVERED OR SECURED.SAYS "WE ARE SEEING HIGHER ACTIVITY ACROSS OUR BUSINESS".NON CASH AMORTISATION CHARGES OF $125M IN HY WHICH INCLUDES $65M IN RESPECT OF AMORTISATION OF INTANGIBLES ARISING ON ACQUISITION OF AFW.HY LOSS WAS IMPACTED BY CASH EXCEPTIONAL COSTS OF $33M.INTEGRATION PROGRAMME REMAINS AHEAD OF SCHEDULE IN ALL ASPECTS.THERE HAVE BEEN NO MATERIAL DEVELOPMENTS IN PREVIOUSLY DISCLOSED INVESTIGATIONS IN UK AND US.LOOKING TO 2019, WE SEE GOOD PROSPECTS AND IMPROVING CONDITIONS ACROSS ENERGY AND INDUSTRIAL MARKETS."IN OUR CORE OIL & GAS MARKET WHICH ACCOUNTS FOR C60% OF REVENUE, WE'RE ENCOURAGED BY RECENT RELATIVE STABILITY IN OIL PRICES".EXPECT TO SEE FURTHER MOMENTUM IN ACTIVITY INCLUDING GROWTH IN INTERNATIONAL UPSTREAM SPENDING.UPGRADED 3 YEAR ANNUALISED COSTS SYNERGY TARGET FROM AT LEAST $170M TO AT LEAST $210M.  Full Article

John Wood Group Wins New Contract For Proposed Scarborough Gas Field Development
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - John Wood Group PLC ::WOOD WINS NEW CONTRACT FOR PROPOSED SCARBOROUGH GAS FIELD DEVELOPMENT.  Full Article

John Wood Group, National Nuclear Laboratory Win Nuclear Research Contract
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - John Wood Group PLC ::CO AND NATIONAL NUCLEAR LABORATORY WIN NUCLEAR RESEARCH CONTRACT.CO, NATIONAL NUCLEAR LABORATORY WON 3-YEAR CONTRACT TO CARRY OUT RESEARCH PROJECT ON FUELS FOR NUCLEAR REACTORS OF FUTURE.  Full Article

John Wood Says Secures New Contract For Planned Polyolefin Plant In Uzbekistan
Monday, 30 Jul 2018 

July 30 (Reuters) - John Wood Group PLC ::WOOD SECURES NEW CONTRACT FOR PLANNED POLYOLEFIN PLANT IN UZBEKISTAN.AWARDED NEW CONTRACT BY SURHAN GAS CHEMICAL OPERATING COMPANY FC LLC TO PROVIDE A FEASIBILITY STUDY FOR EXPLOITATION OF M25 FIELD.THE GAS FIELD WILL PROCESS 4.0 BILLION NM3/Y OF RAW NATURAL GAS, CONTAINING A HIGH AMOUNT OF SULPHUR AND CARBON DIOXIDE.  Full Article

John Wood Gets Dounreay Nuclear Design And Engineering Contract
Tuesday, 10 Jul 2018 

July 10 (Reuters) - John Wood Group PLC ::WOOD WINS DOUNREAY NUCLEAR DESIGN AND ENGINEERING CONTRACT.HAS WON A FRAMEWORK CONTRACT TO PROVIDE DESIGN AND ENGINEERING SERVICES TO DOUNREAY NUCLEAR SITE IN SCOTLAND, UK.EFFECTIVE IMMEDIATELY, CONTRACT WILL RUN FOR UP TO 4 YEARS, INCLUDING TWO POTENTIAL 1-YEAR EXTENSIONS, ESTIMATED VALUE OF $3-4M TO WOOD.  Full Article

John Wood Says Secured Contract With Hyundai Engineering
Tuesday, 3 Jul 2018 

July 3 (Reuters) - John Wood Group PLC ::SECURED MULTI-MILLION DOLLAR CONTRACT WITH HYUNDAI ENGINEERING.CONTRACT TO PROVIDE DETAILED ENGINEERING SERVICES AND MATERIAL SUPPLY FOR STEAM METHANE REFORMER IN MALAYSIA.  Full Article

John Wood Says Remains On Track To Deliver Growth In 2018
Thursday, 28 Jun 2018 

June 28 (Reuters) - John Wood Group PLC ::REMAIN ON TRACK TO DELIVER GROWTH IN 2018.IN FIRST HALF WE HAVE SEEN CONTINUED MOMENTUM IN TRADING, COST AND REVENUE SYNERGY DELIVERY.FULL YEAR OUTLOOK IS UNCHANGED.CONTINUING TO SEE EARLY SIGNS OF RECOVERY IN CORE OIL & GAS MARKET AND GOOD CONTRACT AWARDS IN BROADER INDUSTRIAL SECTORS.ANTICIPATE DELIVERING FIRST HALF REVENUE OF C$5.1BN - C$5.2BN AND EBITA IN RANGE OF C$250-C$260M.NET DEBT AT END OF JUNE IS ANTICIPATED TO BE APPROXIMATELY $1.7BN.INTEGRATION PROGRAMME REMAINS AHEAD OF SCHEDULE.ANTICIPATE AN EXIT RUN RATE OF OVER $80M BY END OF FIRST YEAR POST DEAL COMPLETION.REMAIN CONFIDENT OF DELIVERING ANNUALISED RUN RATE COST SYNERGIES OF AT LEAST $170M BY END OF THIRD YEAR FOLLOWING COMPLETION.ASSET DISPOSAL PROGRAMME IS PROGRESSING WELL AND WE ANTICIPATE ANNOUNCING DISPOSALS IN SECOND HALF.  Full Article

John Wood Group Says Wins Contracts For Teva Biotech Facility In Germany
Wednesday, 23 May 2018 

May 23 (Reuters) - John Wood Group PLC ::PRESS RELEASE REG-WOOD GROUP (JOHN)PLC: WOOD WINS CONTRACT FOR BIOTECH FACILITY.JOHN WOOD - HAS BEEN AWARDED A $US MULTI-MILLION CONTRACT BY TEVA BIOTECH GMBH.JOHN WOOD - CONTRACT TO PROVIDE ENGINEERING, PROCUREMENT, CONSTRUCTION MANAGEMENT, COMMISSIONING AND QUALIFICATION FOR A NEW BIOTECHNOLOGICAL FACILITY.EXPECTED COMPLETION WILL BE 2020, WHILE TECH TRANSFER IS PLANNED TO BEGIN IN 2021.  Full Article

Wood Group sees good trading momentum, Amec integration ahead of schedule

May 11 British oilfield services firm Wood Group Plc said on Friday it saw good trading momentum in the first quarter and its integration of Amec Foster Wheeler was ahead of schedule, sending its shares surging as much as 7.3 percent.