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Wood Group says performance in line

LONDON
Wed Jul 1, 2009 3:16am EDT

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A John Wood employee is seen in an undated handout photo. REUTERS/Handout

LONDON (Reuters) - Energy services company John Wood Group (WG.L) said on Wednesday its performance in the year to date remains in line with expectations.

"Although the oil price has strengthened over recent weeks, market conditions remain broadly similar to those outlined in our Interim Management Statement issued on May 13," the company said.

Wood Group added that it believes the longer term market fundamentals for its services and products remain strong.

The shares were up 0.9 percent at 269.5 pence at 8:11 a.m.

(Reporting by Julie Crust; editing by Kate Holton)


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