OIL services company John Wood Group hit a new all-time high yesterday on rising crude oil prices and vague takeover speculation. Some dealers speculated that engineering group Amec may be interested in a bid for or merger with Wood, though the substance was nothing new. Nevertheless, shares climbed 5 per cent to hit a new high of 337.
25p, although this could have been helped by a bullish trading update the previous day and the announcement of a new £20 million gas turbine contract. OIL services company John Wood Group hit a new all-time high yesterday on rising crude oil prices and vague takeover speculation.
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