|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.0000 - 0.0000|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Wood Group, which saw muted demand for its services after oil producers cut budgets amid weak oil prices, said there was better-than-expected outcome on some oil and gas projects even as its core oil and gas business remained challenging. Wood said its pro forma 2017 results will include the results of Amec and heritage Wood Group from Jan. 1. It will also exclude results of Amec's North Sea upstream business, North American nuclear operations and the disposed business of Global Power Group.
Lewis, who ran oil services company Amec Foster Wheeler for more than a year, has also held senior roles at U.S.-based oilfield services provider Halliburton Co (HAL.N), including running a software division. Capita offers IT-based services to public and private sector companies so they can cut costs, but has been hit by delays in spending decisions after Britain's vote to leave the European Union and struggling to manage a diverse spread of activities.
Oct (Shenzhen: 000069.SZ - news) 10 (Reuters) - Capita has picked turnaround specialist Jonathan Lewis as its new chief executive, with a remit to overhaul the British outsourcing firm after a string of profit warnings. Lewis, who ran oil services company Amec Foster Wheeler (Other OTC: AMCBF - news) for more than a year, has also held senior roles at U.S.-based oilfield services provider Halliburton Co, including running a software division. Capita offers IT-based services to public and private sector companies so they can cut costs, but has been hit by delays in spending decisions after Britain's vote to leave the European Union and struggling to manage a diverse spread of activities.
Capita Plc appointed Jonathan Lewis as CEO on Tuesday and said the former boss of Amec Foster Wheeler would take up the role on Dec. 1 and join the board on the same day. Finance Director Nick Greatorex ...
Australian engineering firm WorleyParsons Ltd said on Monday it would buy the former upstream oil and gas assets of Britain's Amec Foster Wheeler Plc for 228 million pounds , marking its entry into the ...
British oil services company Amec Foster Wheeler Plc, which is being bought by John Wood Group Plc, reported an 8 percent fall in half-year profit, but stronger margins helped to boost its shares. Amec's shares rose as much as 2.7 percent. Amec has outperformed its London-listed peers and the wider STOXX Oil and Gas index this year, Reuters data showed.
Britain's market regulator said on Wednesday a takeover of Amec Foster Wheeler (Other OTC: AMCBF - news) by oilfield services firm Wood Group could hurt competition. Wood Group agreed to buy smaller rival Amec Foster Wheeler for 2.2 billion pounds ($2.7 billion) in March. Britain's Competition and Markets Authority (CMA) said that the merger could lead to competition concerns in the supply of engineering and construction services and operation and maintenance services on the UK continental shelf.
British oil and gas services company Amec Foster Wheeler (Other OTC: AMCBF - news) and individuals associated with the business are under investigation by the Serious Fraud Office (SFO), the company said on Tuesday. The investigation is focusing on the past use of third parties, bribery, corruption and related offences, Amec said in a statement, adding that it is cooperating fully with the British fraud agency. The SFO confirmed the investigation in a statement on its website (http://bit.ly/2tb9Xxn).
Amec Foster Wheeler (Other OTC: AMCBF - news) has won a five-year contract to provide design and project management for the expansion of Saudi Aramco's Marjan offshore oilfield, the British oil and gas services company said on Thursday. Amec Foster Wheeler will deliver engineering and design, overall programme management and other support services for a new gas-oil separation train which will boost production by 300,000 barrels per day (bpd), it said in a statement. Amec will also offer the same services for a new gas processing plant, a co-generation facility and to add a natural gas liquids (NGL) fractionation capacity to an existing facility.
European shares struggled to find direction on Wednesday, making slight gains as strength in oil and basic resource stocks outweighed weaker autos and healthcare sectors. The pan-European STOXX 600 index ...
Oil services company John Wood Group Plc said it expected about 36 percent more cost savings from its deal to buy Amec Foster Wheeler Plc (Other OTC: AMCBF - news) for 2.2 billion pounds ($2.7 billion) than it first estimated when announcing the deal in March. Wood Group said it has been able to increase the expected level of pretax cost synergies from at least 110 million pounds to at least 150 million per annum by the end of the third year after the deal closes. Cost savings would come from operating, corporate and administration efficiencies, Wood Group said.
One of the big surprises since the Brexit vote is that an expected stampede of foreign takeover bids for UK companies, prompted by the pound's collapse, has not happened. There have been some big deals, such as Japanese tech giant Softbank (Swiss: SOFB.SW - news) 's £24bn takeover of the chip designer, ARM Holdings (LSE: ARM.L - news) . One reason is that uncertainty over the UK's economic prospects, post-Brexit, seems to be outweighing a desire among foreign buyers to snap up British companies on the cheap.