Wood Group on track as markets remain favourable

Oilfield services firm Wood Group continues to be confident of hitting full year profit targets, with conditions in energy markets remaining favourable.

Oilfield services firm Wood Group continues to be confident of hitting full year profit targets, with conditions in energy markets remaining favourable.

"We anticipate strong operating cash flow in the second half, and our strong balance sheet provides a robust platform for growth," the group's interim management statement said.

More to follow ...

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

JH