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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)

Wood Group Says FY Outlook Is Unchanged
7:00am BST 

June 26 (Reuters) - Wood Group PLC ::PRE-CLOSE TRADING UPDATE.FIRST HALF PERFORMANCE IS AHEAD OF PRIOR YEAR.OUR EXPECTATION OF REVENUE GROWTH, STRONG EARNINGS GROWTH AND CASH GENERATION IN 2019 IS UNCHANGED..THERE IS NO CHANGE TO OUR EXPECTATIONS ON CASH CONVERSION AND NET DEBT GUIDANCE FOR FULL YEAR.ANTICIPATE THAT 2019 ADJUSTED EBITDA WILL INCREASE BY C$170M DUE TO THESE ACCOUNTING CHANGES..ADJUSTED EBITDA IN FIRST HALF WILL BE UP AROUND 7% AND OPERATING PROFIT (PRE-EXCEPTIONAL ITEMS) WILL BE UP AROUND 25% ON H1 2018..  Full Article

Wood Group Says Confident Of Achieving Further Growth In 2019
Tuesday, 19 Mar 2019 

March 19 (Reuters) - John Wood Group PLC ::FULL YEAR RESULTS FOR THE YEAR ENDED 31 DEC 2018.FY REVENUE INCLUDING JOINT VENTURES $11,036 MILLION VERSUS $6,169 MILLION.FY ADJUSTED DILUTED EPS 57.4C VERSUS 53.3C.FY TOTAL DIVIDEND 35.0C VERSUS 34.3C.CONFIDENT OF ACHIEVING FURTHER GROWTH IN 2019.2019 ORDER BOOK CURRENTLY STANDS AT $10.3BN.ORDER BOOK CURRENTLY STANDS AT $10.3BN4, C60% OF FORECAST FY2019 REVENUE SECURED IN LINE WITH EXPECTATIONS FOR THIS POINT IN YEAR.PROPOSED FINAL DIVIDEND OF 23.7C UP 2% IN LINE WITH PROGRESSIVE DIVIDEND POLICY.2019 REVENUE GROWTH ABOUT 5% WILL DELIVER ORGANIC EARNINGS GROWTH WHICH IS EXPECTED TO LEAD TO GROWTH IN ADJUSTED EBITA IN LINE WITH EXPECTATIONS.  Full Article

John Wood Says Ian Marchant To Resign As Chair
Tuesday, 19 Mar 2019 

March 19 (Reuters) - John Wood Group PLC ::WOOD GROUP (JOHN)PLC: DIRECTORATE CHANGE.IAN MARCHANT INTENDS TO RESIGN AS A DIRECTOR AND CHAIR OF BOARD WITHIN NEXT TWELVE MONTHS.IAN MARCHANT WAS FIRST APPOINTED TO WOOD BOARD IN 2006 AND, ACCORDINGLY, HE INTENDS TO RESIGN AS A DIRECTOR AND CHAIR OF BOARD WITHIN NEXT TWELVE MONTHS.IAN WILL REMAIN AS A DIRECTOR AND CHAIR OF BOARD UNTIL HIS SUCCESSOR IS APPOINTED.PROCESS TO IDENTIFY A SUCCESSOR IS UNDERWAY.  Full Article

Wood Group Awarded Construction Contract From Siemens
Thursday, 14 Mar 2019 

March 14 (Reuters) - John Wood Group PLC ::WOOD AWARDED CONSTRUCTION CONTRACT FROM SIEMENS.SECURED CONTRACT FROM SIEMENS TO INSTALL NEW SIEMENS HL-CLASS GAS TURBINE AT POWER GENERATING STATION IN NORTH CAROLINA.  Full Article

Wood Group (John) To Construct Biofuel Facility In Oregon
Tuesday, 12 Mar 2019 

March 12 (Reuters) - John Wood Group PLC ::WOOD GROUP (JOHN)PLC - WOOD TO CONSTRUCT BIOFUEL FACILITY IN OREGON.JOHN WOOD- SECURED A MULTI MILLION DOLLAR CONSTRUCTION CONTRACT FROM IR1 GROUP LLC, WHICH IS BUILDING RED ROCK BIOFUELS FACILITY IN LAKEVIEW, OREGON.JOHN WOOD GROUP PLC - CONSTRUCTION OF LAKEVIEW FACILITY IS EXPECTED TO TAKE APPROXIMATELY TWO YEARS.  Full Article

John Wood Secures $8 Mln Contract For Design Of Single Site Refinery
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - John Wood Group PLC ::AWARDED $8M SIGNIFICANT CONTRACT FOR DESIGN OF WORLD'S LARGEST SINGLE SITE REFINERY.AWARDED CONTRACT BY ADNOC REFINING TO DELIVER PRE-FRONT END ENGINEERING, DESIGN FOR NEW REFINERY IN RUWAIS.  Full Article

Wood Group & KBR Win Crux Feed Project Offshore Western Australia
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - John Wood Group PLC ::WOOD AND KBR WIN CRUX FEED PROJECT OFFSHORE WESTERN AUSTRALIA.CO, KBR SECURED NEW MULTIMILLION DOLLAR CONTRACT TO DELIVER INTEGRATED FRONT-END ENGINEERING DESIGN FOR SHELL AUSTRALIA'S CRUX PROJECT.  Full Article

Wood Group Wins $66 Mln Sellafield Control System Framework Contract
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - John Wood Group PLC ::WOOD GROUP (JOHN)PLC - WOOD WINS $66M SELLAFIELD CONTROL SYSTEM FRAMEWORK.JOHN WOOD GROUP PLC - WON A CONTRACT TO SUPPLY PROGRAMMABLE DIGITAL CONTROL TECHNOLOGIES TO SELLAFIELD NUCLEAR SITE IN CUMBRIA, UK.JOHN WOOD GROUP PLC - CONTRACT HAS 10-YEAR FRAMEWORK.  Full Article

Wood Plc Says Customers Not Cancelling Contracts Despite Volatile Oil Prices
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - John Wood Group PLC ::WOOD PLC, ON RECENT VOLATILITY IN OIL PRICES, SAYS CO IS NOT SEEING CUSTOMERS WALKING AWAY FROM COMMITMENTS OR CANCELLING CONTRACTS.WOOD PLC, ON RECENT VOLATILITY IN OIL PRICES, SAYS IT IS UNCLEAR WHAT IMPACT THAT WILL HAVE ON CUSTOMER SPENDING.  Full Article

Wood Group Expects FY EBITA To Be In Range Of C$620 Mln-C$630 Mln
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - John Wood Group PLC ::TRADING UPDATE.PERFORMANCE IS IN LINE WITH GUIDANCE AND EXPECTATIONS FOR YEAR ENDED TO 31 DECEMBER 2018.SECURED REVENUE SYNERGIES OF OVER $500M AND INCREASED OUR COST SYNERGY TARGETS TO OVER $210M FOR YEAR.FULL YEAR RESULTS WILL DEMONSTRATE GOOD ORGANIC REVENUE GROWTH.EXPECT FULL YEAR REVENUE TO BE UP OVER 10% ON PROFORMA 2017, IN REGION OF C$10.9BN - C$11.1BN.FULL YEAR EBITA IS EXPECTED TO BE IN RANGE OF C$620M-C$630M.NET DEBT TO EBITDA IS ANTICIPATED TO REDUCE TO AROUND 2.2X AT 31 DECEMBER 2018 (2.4X AT 30 JUNE 2018).LOOKING TO 2019, OUTLOOK REMAINS GENERALLY FAVOURABLE ACROSS OUR INDUSTRIAL END MARKETS.IN OIL & GAS RECENT VOLATILITY IN COMMODITY PRICES MAY IMPACT CONFIDENCE AND PACE OF CONTRACT AWARDS.MEDIUM TERM OUTLOOK REMAINS POSITIVE.ANTICIPATE FURTHER EARNINGS GROWTH IN 2019 UNDERPINNED BY ADDITIONAL COST SYNERGY DELIVERY WITH AN IMPACT OF AROUND $60M IN FY 2019.DELIVERED INCREASED COST SYNERGIES WITH AN IN YEAR BENEFIT OF C$55M IN FY 2018 EQUATING TO AN EXIT RUN RATE OF C$85M.  Full Article

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FTSE 100 retreats after Fed plays down rate cut hopes

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