Wood Group

UAE-based suitor Sidara is considering a cut to its takeover price for Wood Group, citing concerns over the Aberdeen-headquartered engineering firm’s ongoing investigation by the Financial Conduct Authority (FCA).

Wood Group's wholly-owned subsidiary, JWG Investments Limited, has agreed to sell its 50% stake in RWG (Repair & Overhauls) Limited to its joint venture partner, Siemens Energy, for a cash consideration of $135 million (c. £100m). The transaction is a key part of Wood's previously announce

The Financial Conduct Authority (FCA) has launched an investigation into Aberdeen-based energy services company, Wood Group, following the discovery of "material weaknesses and failures" in the firm's financial culture.

Aberdeen-based engineering firm Wood Group's chairman Roy Franklin acknowledged a "very painful period" for shareholders due to a significant collapse in the company's value, at its annual general meeting (AGM) this week.

Aberdeen-based Wood Group has seen the deadline for a potential takeover by Dubai-headquartered Sidara extended for a third time.

Aberdeen-based oil services firm Wood Group has announced significant North Sea contract extensions totalling $118 million (c. £93m) as the company remains the subject of a takeover approach from Dubai-based Sidara.

Shares in Aberdeen-based Wood Group have been temporarily suspended from the London Stock Exchange.

Aberdeen-headquartered Wood Group has received a takeover offer for 35p per share or £242 million from Sidara, a Dubai-based engineering and consultancy firm.   

Aberdeen-headquartered Wood Group has announced it must restate financial results for its 2022 and 2023 financial years and the first half of 2024, following an independent review, which may lead to suspension of its shares from trading on the London Stock Exchange.

Aberdeen-headquartered engineering services firm Wood Group has granted Dubai-based Sidara an extension to the deadline for a potential takeover bid.

Wood Group has appointed Iain Torrens as interim chief financial officer (CFO). Mr Torrens will also join the company’s board as an executive director, effective immediately. His appointment is interim while the company conducts a comprehensive search process for a permanent CFO, followin

Shares in Aberdeen-based energy services firm Wood Group experienced a significant surge after confirming a renewed takeover approach from Dubai's Sidara.

Wood Group's chief financial officer, Arvind Balan, has resigned with immediate effect after admitting to misrepresenting his professional qualifications.

Wood Group has announced plans to accelerate asset sales to raise up to $200 million (c. £158m), following a trading update revealing "material" weaknesses in governance and a weaker-than-expected Q4 performance.

Shares in Aberdeen-based energy firm Wood Group have plummeted by over 50% on Thursday after it reported a significant loss in its third quarter results and that it would commission an independent review by Deloitte. The Aberdeen-based company, which employs 35,000 people globally, announced a &poun