The top performing sector on Tuesday was Oil Equipment, Services & Distribution, driven by FTSE 100 international energy services company Wood Group, which posted a 20 per cent rise in revenue from continuing operations in its full year ended December 31st, boosted by growth in all three divisions.

The total dividend for the year was up 26% at 17 cents per share (2011: 13.5 cents), following a final dividend payment of 11.3 cents, reflecting the company's "confidence in the longer term outlook for the group".

The company's results were impressive, with revenue from continuing operations totalling $6,821.3m (2011: $5,666.8m), while earnings before interst, tax, and amortisation (EBITA) from continuing operations came in at $461.1m (2011: $341.6m), up 35%. The EBITA margin increased from 6.0% to 6.8%.

Profit from continuing operations before tax and exceptional items was $362.7m (2011: $254.1m), up 43%, and adjusted diluted earnings per share were 85.2 cents (2011: 60.2 cents), up 42%.

Sector peer Amec, an international engineering and project management company, was also continuing to make gains following the appointment by BP and its co-venturers, Shell, ConocoPhillips and Chevron, to deliver the hook up and commissioning services for two new Clair Ridge platforms, west of Shetland.

The work, which is scheduled to run through to March 2016, is valued at £68m and follows the completion of the engineering and project management services for the Clair Ridge project.


Top performing sectors so far today
Oil Equipment, Services & Distribution 24,151.11 +3.91%
Automobiles & Parts 6,677.52 +3.52%
Mining 19,396.64 +2.94%
Industrial Metals & Mining 2,629.60 +2.77%
Construction & Materials 4,097.23 +2.61%

Bottom performing sectors so far today
Mobile Telecommunications 3,924.42 -0.01%

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Related share prices
Amec (AMEC) share price
Wood Group (John) (WG.) share price