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Wood Group won’t re-join the FTSE 100, but that’s not the forward story...

By Chris Bailey | Wednesday 1 June 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I am sure there will be some investors who are excited to hear that Centrica (CNA) shares are back to rejoin the FTSE 100, whilst others are disappointed that ITV (ITV) and Royal Mail (RMG) shares - among others - are exiting. None of the three interest me at the moment, but I was a bit disappointed that Johnson Matthey (JMAT) shares have not been quite strong enough to rejoin. Maybe that is coming next quarter as I believe the stock is cheap (as noted last week HERE). Another stock which did not return to the FTSE 100 (and frankly I don’t think it ever will) was Wood Group (WG.) but it has made a noteworthy announcement today…

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