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The Latest Breaking News from Wood

Tiger Woods’ Partnership With Nike Has Ended After 27 Years Of Sponsorship

Nike was one of the only brands to stick by Tiger Woods during his 2009 infidelity scandal.

Pedestrian.tv

Lumber: Did the Fed Issue a Buy Signal?

The lumber futures market is highly illiquid, causing extreme periodic volatility. However, lumber is a critical bellwether commodity that sometimes reacts violently to changes in economic conditions. The results of the recent December FOMC meeting could significantly increase lumber prices over the coming weeks and months.

Barchart

What are Lumber Futures Telling Us About the Economy?

After declining from August through October 2023, physical lumber futures found a bottom and turned higher. Lumber is a thinly traded futures market but a critical economic indicator. The recent rise in lumber prices could signal an overall rally in commodity prices on the horizon.

Barchart

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Local News Close-Up: Grand Rapids Leader Stays Hot, Knock on WOOD

Three cities, two ABC affiliates in multi-hyphenated market

Broadcasting & Cable

Engineers, scientists to squeeze more out of oil, gas

A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.

AAP

Cathie Wood’s flagship ARK fund has rebounded this year—but only 4 of its 27 holdings are profitable

Wood profited from riding a number of this year's big winners, including Coinbase and Tesla, but her overall portfolio has a profitability problem.

Fortune

Ashley takes second chance to fire Salford to shootout victory over Leeds

Ossama Ashley scored at the second attempt to send Salford into the third round of the EFL Cup with a 9-8 penalty shootout win over Leeds after a 1-1 draw

The Guardian - UK

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Why are Lumber Prices Rising and How High Will They Go?

Lumber remains a highly illiquid commodity, but wood is a bellwether raw material and a barometer for new home construction. Soaring mortgage rates have weighed on lumber futures prices since the March 2022 high. However, the recent price action could signal a stabilization of the interest rate environment.

Barchart

Activists protest outside Wood headquarters

Cut The Ties campaigners seek to force a change in the way government loans are given to companies involved in fossil fuels

Insider UK

Wood secures $250 million Brunei contract extension

The deal includes brownfield engineering, procurement, construction and commissioning services

Insider UK

Wood refutes oil and gas expansion criticism following green loan

Analysis of accounts suggests growth of fossil fuel-based divisions since £430m government-backed deal

Insider UK

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan

The Guardian - UK

Nathan Ashmore explains how Boreham Wood can bounce back next season

Ashmore’s superb season between the sticks was recognised this week as he picked up Reusch Goalkeeper of the Year at the Non-League Paper’s National Game Awards in association with Isuzu

Football London

Lumber Futures- A Liquidity Indicator Continues to Rise

The new physical lumber futures contract is smaller and more flexible than the random-length contract it replaced. The open interest metric has risen as the random-length contract expired and faded into history this month.

Barchart

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Insider UK

Apollo drops £1.7 billion Wood takeover bid

Private equity suitor had until 17 May to make a final offer for the Scottish engineering group

Nottingham Post

Never the easy way and impactful changes: Key talking points from Notts County's play-off semi-final

Notts County news from NottinghamshireLive as we look at the key talking points from the Magpies' dramatic victory over Boreham Wood

Nottingham Post

Luke Williams highlights difficulty of Boreham Wood test as importance of fans amplified

Notts County news from NottinghamshireLive as the Magpies head coach previews their play-off semi-final with Boreham Wood

Livingetc

Best wood for outdoor projects – 5 types that are loved for their durability and good looks in equal measure

Choose these types of wood for outdoor projects that will stand the test of time

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The Guardian - UK

THG shares soar on takeover move amid spate of private equity bids for UK firms

Weak pound makes FTSE 250 firms ‘ripe for takeovers’ with John Wood Group and Network International also approached

Insider UK

Wood opens books to Apollo as deal deadline approaches

An extension has been granted ahead of a final offer being agreed between the two companies

Evening Standard

Apollo makes £1.7 billion final offer for engineer John Wood Group

Apollo had already submitted four previous bids, which Wood’s board say “undervalue the group”

Insider UK

Wood reports $568 million full-year loss

Results follow a year of change for the engineering group, including division sales and new leadership

The Guardian - UK

North Sea oil and gas workers vote to strike amid bumper profits

Series of actions planned this spring as union members call for more pay since firms are ‘raking it’

The Independent UK

FBI believe missing mother of eight was murdered after last call to her children

Heather Kelley’s pickup truck was found burning the morning after her disappearance, with her blood and hair inside

Insider UK

Wood rebuffs private equity takeover bids

Board states that offers 'significantly undervalued' the group's prospects

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