John Wood Group investors will hope something better on Thursday
Investors in John Wood Group PLC (LON:WG.) will be hoping for some positivity as it releases a trading update on Thursday, its not clear whether it’ll arrive.
The oilfield services firm in a statement at its AGM last month said trading had been slower than expected as its projects business was hit by the rolling off of several large contracts and its operations division was hit by the COVID-19 pandemic and volatile oil prices.
Despite this, the firm maintained its guidance for the year, so investors will be hoping the company can stay the course in its trading update on Thursday, while also eyeing activity in the firm’s consulting business and an expected uptick in operations from conventional energy demand and chemicals.
In addition to guidance, any commentary on the order books will also attract close attention.
Thursday June 24
Trading announcements: John Wood Group PLC (LON:WG.)
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Economic data: BoE rates decision, US GDP, US durable goods orders, US jobless claims