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Wood


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Wood Group saga is a masterclass in M&A self-harm

BREAKINGVIEWS-Wood Group saga is a masterclass in M&A self-harm The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Nov 8 (Reuters Breakingviews) - John Wood Group WG.L is becoming a case study in how not to do M&A. In the last 18 months the 397-million-pound ($515 million) UK oilfield services and engineering group has rejected two offers valuing it at over 200 pence a share.
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FTSE 100 slips after BoE cuts rate as expected but flags higher inflation

UPDATE 1-FTSE 100 slips after BoE cuts rate as expected but flags higher inflation BoE forecasts higher inflation, growth Focus on Fed decision BT slides after cutting revenue forecast FTSE 100 down 0.3%, FTSE 250 up 0.9% Updated at 1650 GMT By Sruthi Shankar Nov 7 (Reuters) - The UK's FTSE 100 slipped on Thursday after the Bank of England (BoE) cut interest rates as expected but projected higher inflation and economic growth following the new government's first budget.
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Europe rises on stronger mining, autos, but earnings drag

LIVE MARKETS-Europe rises on stronger mining, autos, but earnings drag Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE RISES ON STRONGER MINING, AUTOS, BUT EARNINGS DRAG Europe's STOXX 600 is up 0.6%, as mining and autos lift the index, offsetting the impact of some disappointing earnings across sectors, while aero and defence return some of the gains made on Wednesday.
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UK's John Wood Group plunges to 22-year low on tepid Q3

BUZZ-UK's John Wood Group plunges to 22-year low on tepid Q3 ** John Wood Group WG.L slides 20.4% to 93.6p, lowest since November 2002 ** Stock top loser on FTSE mid cap index .FTMC , which is up 0.26% ** British oilfield services and engineering firm's order book on Sept. 30 falls 8% to $5.4 bln Y/y ** Co's 9-month group rev drops 3% to $4.33 bln
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Wood Group Reaffirms FY24 Outlook

BRIEF-Wood Group Reaffirms FY24 Outlook Nov 7 (Reuters) - John Wood Group PLC WG.L : WOOD GROUP (JOHN)PLC - Q3 TRADING UPDATE WOOD PLC: FY24 OUTLOOK CONFIRMED WOOD PLC: Q3 ADJUSTED EBITDA WAS LOWER THAN LAST YEAR WOOD PLC: ORDER BOOK AT 30 SEPTEMBER 2024 WAS AROUND $5.4 BILLION Source text: ID:nRSG2767La Further company coverage: WG.L ;))
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UK Stocks-Factors to watch on Nov. 7

UK Stocks-Factors to watch on Nov. 7 Nov 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.12%. * RATES: The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for investors is whether the BoE sends a signal about its subsequent moves after the government's inflation-raising budget.
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JPM says volatile macro drives concerns over oil firms' FCF, capex cycle

BUZZ-JPM says volatile macro drives concerns over oil firms' FCF, capex cycle ** J.P.Morgan says macro volatility is driving concerns around capex cycle and FCF in for European oil exploration and services firms ahead of Q3 earnings season ** For oilfield equipment & services, it expects margins to inflect in Q3 as contracts won at higher margins s
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Ashmore, Biomerieux, Diasorin

EUROPE RESEARCH ROUNDUP-Ashmore, Biomerieux, Diasorin Oct 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Ashmore, Biomerieux and Diasorin, on Thursday. HIGHLIGHTS * Ashmore ASHM.L : JP Morgan raises target price to 161p from 155p * Biomerieux BIOX.PA : HSBC raises target price to EUR 126 from EUR 120 * Diasorin DIAS.MI : HSBC cuts to hold from buy * Givaudan SA GIVN.S : Citigroup cuts target price to CHF 4650 from CHF 4750 * Oxf
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Murdoch’s UK property bid may yet get even sweeter

BREAKINGVIEWS-Murdoch’s UK property bid may yet get even sweeter The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Sept 23 (Reuters Breakingviews) - Rupert Murdoch is in a similar position to a London buyer trying to get on the housing ladder. The tycoon’s online property listing company REA Group REA.AX on Monday outlined a third attempt to buy Rightmove RMV.L , valuing the UK’s largest online real estate listing portal at 6.1 billi
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Antofagasta, Colonial, and Hill & Smith

EUROPE RESEARCH ROUNDUP-Antofagasta, Colonial, and Hill & Smith Sept 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Antofagasta, Colonial and Hill & Smith, on Friday. HIGHLIGHTS * Antofagasta ANTO.L : Barclays cuts target price to 1,600p from 1,660p * Colonial COL.MC : Jefferies raises to buy from hold * Hill & Smith HILS.L : Berenberg raises target price to 2,500p from 2,350p * Melrose Industries MRON.L : Morgan Stanley initiat
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UK Stocks-Factors to watch on Aug. 20

UPDATE 1-UK Stocks-Factors to watch on Aug. 20 Adds new items, updates FTSE 100 move Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index opened down 0.2% on Tuesday. * ANTOFAGASTA: Chilean miner Antofagasta ANTO.L posted a 5% increase in half-year profit on Tuesday, as higher copper prices more than offset lower sales. * ANGLO AMERICAN: First-round bids for Anglo American's AAL.L Australian metallurgical coal mines are due by Sept.
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UK's Wood Group posts higher first-half profit on improved pricing

UK's Wood Group posts higher first-half profit on improved pricing Aug 20 (Reuters) - British oilfield services and engineering firm Wood Group WG.L posted an 8.5% jump in its first-half adjusted core earnings on Tuesday aided by improved pricing, while maintaining its earnings forecast for the current year and 2025. WHY IT'S IMPORTANT Facing pressure from an activist investor to either sell or rethink its UK listing to maximize shareholder returns, Wood Group had undertaken initiatives such as
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John Wood Group Reaffirms 2024, 2025 Outlook

BRIEF-John Wood Group Reaffirms 2024, 2025 Outlook Aug 20 (Reuters) - John Wood Group PLC WG.L : WOOD PLC: RECONFIRM OUTLOOK, BOTH FOR 2024 AND 2025, INCLUDING GENERATING SIGNIFICANT FREE CASH FLOW IN 2025 Source text for Eikon: ID:nRST0105Ba Further company coverage: WG.L
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UK Stocks-Factors to watch on Aug. 20

UK Stocks-Factors to watch on Aug. 20 Aug 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.3%. * ANGLO AMERICAN: First round bids for Anglo American's AAL.L Australian metallurgical coal mines are due by Sept. 9, two sources told Reuters. * OIL: Oil prices edged lower as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about a supply disruption in the Middle East.
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