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John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

26 May 2017
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18.50 (+2.59%)
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Latest Key Developments (Source: Significant Developments)

Wood Group wins a ten-year services contract from Chevron
Wednesday, 17 May 2017 09:01am EDT 

May 17 (Reuters) - John Wood Group Plc ::Signs global master services agreement with Chevron and is awarded conceptual engineering contracts for Tigris and Anchor.Deal is a ten-year master services agreement.  Full Article

Wood Group awarded North Sea Shell contract
Tuesday, 16 May 2017 02:05am EDT 

May 16 (Reuters) - John Wood Group Plc ::Awarded a contract to support Shell in decommissioning of their Brent bravo platform in North Sea.Effective immediately, Wood Group will prepare platform for removal via single lift methodology.  Full Article

Wood Group says FY expectations remain broadly unchanged
Wednesday, 10 May 2017 02:17am EDT 

May 10 (Reuters) - John Wood Group Plc :John wood group plc - "oil & gas market has continued to present challenges and as expected, year to date performance is down on 2016".Anticipate stronger performance in second half of year and as a result, management's expectations of full year trading performance are broadly unchanged.  Full Article

Wood Group appoints CFO for specialist technical solutions business
Wednesday, 19 Apr 2017 04:05am EDT 

April 19 (Reuters) - John Wood Group Plc ::Appointed Grant Angus as chief financial officer for its specialist technical solutions business.  Full Article

Wood Group wins a contract from Karoon Petróleo & Gás
Thursday, 6 Apr 2017 09:48am EDT 

John Wood Group Plc : Awarded a multi-year contract from Karoon Petróleo & Gás .Contract to provide owner's engineering services to support full field development for Echidna field offshore Brazil.  Full Article

John Wood Group sees higher cost savings from Amec Foster deal
Wednesday, 5 Apr 2017 02:24am EDT 

John Wood Group Plc : Cost synergies increased by £40m to at least £150m in relation to recommended all-share offer for Amec Foster Wheeler Plc . Also confident of realising additional cost synergies that cannot be quantified for reporting at this time .Estimates realisation synergies would give rise to one-off costs of about £190 million incurred in first three years post-deal completion.  Full Article

John Wood renews, extends North Sea contract with Premier Oil
Monday, 27 Mar 2017 02:15am 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

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