Wood Group confirms FY results remain in line with guidance

Wood Group said on Monday that its full-year results remain in line with the guidance given in January and that the exceptional charge related to the Aegis Poland contract remains at around $100m.

The company, which had announced in February that its annual results would be delayed due to an external review, said the results will now be published on 20 April.

"The delay was required to allow an external investigation and review to be undertaken, principally in relation to the historical carrying value of the Aegis Poland project contract," it said in a brief statement.

At 0905 BST, the shares were up 13.2% at 175.25p, also benefitting from a rating upgrade at Jefferies.