As it pays out a litigation settlement, don’t forget Wood Group’s capital markets day later this month
By Chris Bailey | Monday 14 November 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.
A new week, a new suspension, as Joules Group (JOUL), the “true premium lifestyle brand with an authentic heritage”, announced an “Intention to Appoint Administrators and Suspension of Trading in Shares". Is it a huge surprise? Not really (and you can see now why Next plc (NXT) decided not to take a stake a few months ago). Meanwhile, and back to shares I do actually own, I see that Wood Group (WG.) is handing out $115 million in a “Settlement of Enterprise litigation case”. But the shares are only down 1% or so today.
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