Full Year Results 

Wood's earnings hit by post-tax exceptionals

Wood's earnings hit by post-tax exceptionals

Investors were clearly hoping for more from Wood Group’s (WG.) full-year results, the publication of which sparked a 9 per cent drop in the oilfield services group’s share price. The reaction was a further sign of the hair-trigger-like relationship between the stock and management commentary, although the hard numbers in these accounts contained much to disappoint value-focused shareholders.

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