New board members for new year at Wood Group

Energy services giant John Wood Group said bosses Mark Dobler and Robin Watson had joined the board as executive directors.

Energy services giant John Wood Group said bosses Mark Dobler and Robin Watson had joined the board as executive directors.

Mark Dobler is Chief Executive of Wood Group's GTS division and Robin Watson is Chief Executive of the PSN division.

In December the firm reported that it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'.

However, Dobler's GTS arm was a cause for concern at the time, along with Engineering.

"Overall, performance for 2012 is anticipated to be in line with expectations," Wood Group said then.

"We anticipate further good growth in 2013 and remain confident in the longer term prospects for the group's market leading services in oil & gas and gas fired power generation markets."

But shares were hit by reports of mixed conditions in the Engineering and GTS divisions.

Credit Suisse said at the time that it had cut its Wood Group forecasts for 2013 and expected consensus forecasts to come down as well, largely on softer GTS profits.

MM

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021
When will the US stockmarket bubble burst?
US stockmarkets

When will the US stockmarket bubble burst?

With US stocks more expensive than before the Wall Street crash of 1929, there are growing signs of “mania”. But what will push markets over the edge?
22 Jan 2021