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Wood


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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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London's FTSE 100 falls after U.S. recession fears spark global rout

REFILE-UPDATE 1-London's FTSE 100 falls after U.S. recession fears spark global rout Refiling to restore dropped number "100" in headline FTSE 100 down 2.0% , FTSE 250 off 2.8% Utilities sector leads losses John Wood Group plummets after Sidara walks away from buyout By Purvi Agarwal, Roshan Abraham Aug 5 (Reuters) - The UK's main stock indexes kicked off the week on a downbeat note, led by losses in utilities as fears of U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Thoughtworks, Tenet Healthcare, Mallinckrodt, Quantum Capital Group, Credit Agricole Updates: L'Oreal Aug 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Thoughtworks TWKS.O agreed to be taken private by Apax Partners in a deal worth about $1.75 billion, the technology consultancy firm said, nearly three years after its stock market debut.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Dubai's Sidara said it was walking away from its plan to buy UK's John Wood Group WG.L , citing rising geopolitical risks and uncertainty in the financial market, prompting the British engineering group's shares to plunge 40%.
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John Wood Group Says It Remains Confident In Strategic Direction, Fundamental Prospects

BRIEF-John Wood Group Says It Remains Confident In Strategic Direction, Fundamental Prospects Aug 5 (Reuters) - John Wood Group PLC WG.L : WOOD GROUP (JOHN)PLC - RESPONSE TO SIDARA’S NO INTENTION TO BID STATEMENT JOHN WOOD GROUP PLC - CONFIRMS OUTLOOK FOR 2024 AND 2025 WOOD PLC: BOARD REMAINS CONFIDENT IN WOOD'S STRATEGIC DIRECTION AND FUNDAMENTAL PROSPECTS WOOD PLC - GRANTED SIDARA ACCESS TO DUE DILIGENCE MATERIALS.
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London's FTSE 100 drops as U.S. recession fears spark global sell-off

London's FTSE 100 drops as U.S. recession fears spark global sell-off For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 1.9% , FTSE 250 off 3% Benchmark index set for worst day since March 2023 amid broader declines John Wood Group plummets after Sidara walks away from buyout Aug 5 (Reuters) - London's FTSE 100 plunged over 1.5% on Monday to hit their lowest in over three months, as recession fears in the United States trigge
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UK's John Wood Group hits over a 1-1/2-year low after Sidara abandons acquisition plan

BUZZ-UK's John Wood Group hits over a 1-1/2-year low after Sidara abandons acquisition plan ** Shares of British oilfield services and engineering firm John Wood Group WG.L down 37% at 124.3p; top loser on the FTSE mid cap index .FTMC ** Stock at its lowest level since Dec 2022 ** Dubai-based engineering and consulting firm Sidara says it does not
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Sidara drops plans to buy UK's Wood Group citing geopolitical risks

UPDATE 2-Sidara drops plans to buy UK's Wood Group citing geopolitical risks Sidara walks away after fourth approach Final proposal values Wood about 1.56 bln pounds Shares dive to 118 pence per share Adds background, Wood Group's response By Shanima A Aug 5 (Reuters) - Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group WG.L , citing rising geopolitical risks and uncertainty in the financial market, prompting the British engineering group's shares to plun
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Sidara drops plans to buy UK's Wood Group after four rejections

Sidara drops plans to buy UK's Wood Group after four rejections Aug 5 (Reuters) - Sidara will not make a new offer for John Wood Group WG.L after being rejected on four occasions due to valuation concerns, the Dubai-based engineering and consulting firm said on Monday. Reporting by Prerna Bedi in Bengaluru; Editing by Varun H K
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds FEMSA, R1 RCM, Trafigura, Royal Mail, RedBird IMI, Talen Energy, Hewlett Packard Enterprise Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Mexico's FEMSA FEMSAUBD.MX said it has entered into definitive agreements to acquire the retail operations of Delek US Holdings DK.N for $385 million.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Cellnex CLNX.MC , Europe's largest mobile phone tower operator, said it was in advanced negotiations to sell its Austrian unit after receiving binding offers, triggering a rise in shares. nL8N3JO0IM ** Ayala Corp AC.PS , the Philippines' oldest conglomerate, is exploring selling a minority stake in Ayala Healthcare Holdings (AC Health) in a
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UK Stocks-Factors to watch on August 1

UK Stocks-Factors to watch on August 1 Aug 1 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.3%. * INTEREST RATES: The Bank of England looks in a position to cut interest rates on Thursday after holding them at a 16-year high of 5.25% for the past year, though markets and economists are far from certain the British central bank will take the plunge.
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