Wood Group (J) Share News (WG.)

Wood Group shares sink after Apollo abandons 1.7 bln pound bid

May 15 (Reuters) - Shares in John Wood Group were on track for their biggest one-day drop on record on Monday after U.S.-based Apollo Global Management said it would not proceed with a takeover of the British engineering services firm on its fifth attempt.

Investors query how much steam luxury rally has left

STOXX 600 up 0.3%

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TOP NEWS: John Wood remains confident as Apollo drops takeover bid

(Alliance News) - John Wood Group PLC on Monday said it was "well placed" to deliver value to shareholders and has faith in its long-term prospects, following Apollo Management Holdings LP's announcement that it will not make a takeover offer.

LONDON MARKET OPEN: Currys outperforms; Wood Group plummets

(Alliance News) - Stock prices in London opened higher on Monday, as a strong performance from mining stocks helped to bolster a cautious optimism, despite concerns over the potential of a US debt default.

STOXX firm despite political, debt ceiling jitters

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STOXX FIRM DESPITE POLITICAL, DEBT CEILING JITTERS (0751 GMT)

LONDON BRIEFING: BAT names new CEO; no offer for John Wood Group

(Alliance News) - Stocks in London were set to open higher on Monday, as investors wait for postponed discussions on the US debt ceiling to resume.

Apollo pulls plans for Wood Group bid

(Sharecast News) - Shares in Wood Group plunged by more than a third on Monday as US private equity firm Apollo Global pulled plans to make a takeover offer for the UK oil industry engineer.

John Wood notes good momentum across all units in first quarter

(Alliance News) - John Wood Group PLC on Thursday said it was trading in line with expectations in the first quarter of 2023, but added that it was mindful of the uncertain economic backdrop moving forward.

Wood Group holds guidance as Q1 revenues grow

(Sharecast News) - Oil and gas engineer Wood Group, currently in talks on a potential $1.6bn takeover by private equity group Apollo, held annual guidance as first quarter revenues increased.

UK shareholder meetings calendar - next 7 days

UPDATE: Network International jumps on takeover battle

(Alliance News) - Network International Holdings PLC on Friday confirmed that it has received another takeover offer, this time from Brookfield Asset Management Ltd.

Midcaps, big targets in the UK

U.S. stock futures suggest sharply lower open

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Consumer staples boost FTSE 100; banks limit gains

John Wood Group gains on Apollo Management's buyout deal

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European shares snap five-day winning streak as banks, chips fall

Chipmakers lead tech sector lower

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LONDON MARKET CLOSE: FTSE 250 shines but large-caps tepid on Fed bets

(Alliance News) - The FTSE 100 closed off sessions highs after listless afternoon trading on Monday, though the FTSE 250 was given some impetus from M&A moves.