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John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

John Wood renews, extends North Sea contract with Premier Oil
2:15am EDT 

John Wood Group Plc : Awarded a $50 million contract with premier oil .Two year contract which has three, one year extension options, retains more than 150 jobs.  Full Article

BRIEF-Amec Foster Wheeler revenue falls marginally to 5.44 bln pounds
Monday, 13 Mar 2017 03:43am EDT 

Corrects headline to say revenue falls, not rises. Also corrects currency unit in headline to billion from million.Amec Foster Wheeler Plc : Revenue in 2016 was £5,440m (2015: £5,455m), down 8% on a like for like basis . Trading profit in 2016 was £318m (2015: £374m) . Recommended all-share combination with Wood Group . In 2017, continue to expect another year of oil and gas decline; for solar activity to reduce significantly from in 2016 . Has been preparing to launch a rights issue of approximately £500m on 21 March 2017 . Decided to suspend dividend payments (including final dividend for 2016) until company is generating sustainable free cash flow . In light of transaction, preparations for a rights issue have been suspended .Initiating process to increase leverage covenant in debt facilities to give headroom prior to measurement period ending 30 June.  Full Article

Amec Foster Wheeler updates on all-share offer from John Wood Group
Monday, 13 Mar 2017 03:15am EDT 

Amec Foster Wheeler Plc : Recommended all-share offer for amec foster wheeler plc by John Wood Group . Based on closing price of wood group share on 10 March, terms of combination value issued and to be issued share capital of co at approximately £2.23 billion . Combination expected to be earnings-accretive on adjusted eps basis for wood and co in first full year following completion of combination .Combination will result in Amec Foster Wheeler shareholders owning approximately 44 per cent.  Full Article

John Wood Group says FY adj EPS 64.1 cents
Tuesday, 21 Feb 2017 02:52am EST 

John Wood Group Plc : Reg-Wood group (john)plc: full year results for the year ended 31 december 2016 . Despite challenging conditions in our core oil & gas market in 2016 group delivered financial performance in line with expectations . Benefited from robust management of utilisation and costs and one off benefits . Oil & gas market continues to present challenges and we remain cautious on near term outlook . Oil & gas markets remained very challenging in 2016; lower oil prices endured and activity fell . EBITA of $363m in line with expectations(2), down 22.8% on 2015. Adjusted EPS of 64.1C down 23.7%. . Has recommended a final dividend of 22.5 cents per share .2016 total revenue 4,934 million usd versus 5,852 million usd.  Full Article

Wood Group appoints European president of asset lifecycle solutions unit
Thursday, 16 Feb 2017 04:03am EST 

John Wood Group Plc : Wood Group has appointed Alan Johnstone as president of its asset life cycle solutions business in Europe .Johnstone joins Wood Group from his position as Amec Foster Wheeler's managing director for upstream asset solutions.  Full Article

Wood Group secures new contract with Hess in Malaysia
Tuesday, 31 Jan 2017 02:13am EST 

John Wood Group Plc : Wood Group secures new contract with Hess in Malaysia .Delivered by Wood Group's Kuala Lumpur office, contract will support up to 130 new full-time positions in Malaysia.  Full Article

Wood Group secures Saudi Aramco contract
Tuesday, 10 Jan 2017 05:48am EST 

John Wood Group Plc : Wood Group secures Saudi Aramco contract . Five year, multi-million dollar framework agreement . Contract to continue to provide engineering and project management services to Saudi Aramco's onshore capital programmes in Kingdom of Saudi Arabia .Effective immediately, contract also includes three, one year extension options and will be delivered locally in Saudi Arabia.  Full Article

Wood Group sees FY 2016 performance in line with expectations
Wednesday, 14 Dec 2016 02:18am EST 

John Wood Group Plc : Pre-close trading update for year to Dec.31 2016 . Oil and gas markets remain challenging in 2016 . Lower oil prices have endured and activity has fallen across sector . In response have significantly reduced our cost base; refined operating structure . We anticipate full year 2016 financial performance in line with current market expectations . Market continues to present significant challenges and although these are likely to persist during 2017 .Anticipate full year 2016 financial performance in line with current market expectations.  Full Article

John Wood says awarded $40 million contract
Tuesday, 15 Nov 2016 02:42am EST 

John Wood Group Plc :Awarded $40 million automation services contract for exxonmobil polyethylene plant.  Full Article

Shell discussing 17 asset disposals as part of $30 bln divestments - CFO
Thursday, 28 Jul 2016 04:33am EDT 

: Shell ceo says sees global refining to remain long . Shell cfo says concerned about potential loss of british influence on financial market legislation after brexit . Shell cfo says company in discussions on 17 asset disposals as part of $30 billion divestment programme . Shell ceo says had issues with helicopter transport to north sea platforms where wood group workers were on strike . Shell cfo says sees earnings impact of a few hundred million dollars per year from dutch government decision to cut groningen gas field output (London Equities Newsroom) ((+44 20 7542 7717;)).  Full Article

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UPDATE 1-UK Stocks-Factors to watch on March 20

March 20 Britain's FTSE 100 futures were flat ahead of the cash market open on Monday.