28.38p-0.54 (-1.87%)14 Feb 2025, 16:35
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Wood Group shares plummet after weaker-than-expected trading in fourth quarter

Shares down 70% over the past yearExpects negative free cash flow in 2025Deloitte review into firm continuesShares in John Wood Group (WG.) plummeted 30% in early morning trading as the Scottish-based oil and gas engineering and services firm reported weaker-than-expected trading in the fourth quarter.John Wood said it has taken actions to mitigate fourth quarter weakness by cancelling executive a

Short sellers are targeting UK stocks at risk from Rachel Reeves’ Budget decisions

Professional short sellers are currently circling a small group of UK consuming-facing stocks with the goal of profiting from falls in their share prices, potentially caused by Rachel Reeves' Budget decisions.The UK outlook is getting worse by the day, with business and consumer sentiment weakening amid concerns the new government doesn't have an effective plan to accelerate economic growth.The ou

London stocks close in the green on Bank of England rate cut, AstraZeneca growth

Stocks in London close higher on Thursday, close to a new record, boosted by a rate cut at the Bank of England and strong results from AstraZeneca.BoE Governor Andrew Bailey believes the central bank will be able to cut rates further, but policymakers will need to decide meeting-by-meeting 'how far and how fast' bank rate can be trimmed.Speaking following the BoE's decision to cut bank rate by 25
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