The big takeover offered diversification into new sectors, such as renewables and civil engineering. But it came with legal liabilities, including a corruption settlement. Net debt also jumped from ...

John Wood Group Plc confirmed that it has received a fresh takeover offer from engineering company Sidara, after a previous approach last year ended without a deal. Sidara will be required to ...

Feb 24 (Reuters) - Britain's struggling oilfield services and engineering firm Wood Group (WG.L), opens new tab has received a fresh approach from Dubai-based Sidara about a possible takeover ...

Feb 19 (Reuters) - British oilfield services and engineering firm Wood Group's (WG.L), opens new tab Chief Financial Officer Arvind Balan stepped down from his role with immediate effect on ...

Oil and gas engineering giant Wood Group has cancelled employee bonuses and declined to rule out job cuts, after saying it needs to significantly extend a cost reduction plan. The company ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wood Group, the embattled oil services and engineering company whose valuation plunged to less than £200mn ...

John Wood Group PLC ('Wood' or 'the Group' or 'the Company') announces a trading update for the year ended 31 December 2024 ('FY24'), an update on the independent review, an updated outlook ...

A Dubai-based engineering group has re-entered talks to buy John Wood Group, sparking a 40pc surge in the North Sea oil giant’s share price. More than £250m was wiped off the value of John Wood ...

Wood Group said it is initiating steps to “significantly” strengthen its financial culture, governance and controls after a review identified “material weaknesses and failures.” In a trading update, ...

A Dubai-based engineering group has re-entered talks to buy John Wood Group, sparking a 40pc surge in the North Sea oil giant’s share price. Sidara, which abandoned its previous plans, has made a ...

A new licensing round for oil and gas exploration begins of Friday, the North Sea Transition Authority confirmed (Danny Lawson/PA) Oil and gas engineering giant Wood Group has cancelled employee ...