FCA fines Wood Group £13m for misleading financial reports
4th Mar 2026 10:28
(Sharecast News) - The UK financial regulator has fined Wood Group £13m for publishing misleading statements in its financial results, claiming the energy and industrial engineering firm overstated three years of profits.
Read moreWood Group appoints Jade Moore as new CFO
1st Dec 2025 10:20
(Sharecast News) - Aberdeen-based energy engineering and consultancy firm Wood has announced the appointment of a new chief financial officer, having been without a permanent head of finance for nine months.
Read moreWood Group reports decline in first-half profit
30th Oct 2025 21:01
(Sharecast News) - Wood Group reported a drop in first-half profit on Thursday ahead of its conditonal takeover by Sidara.
Read moreWood Group CEO resigns ahead of Sidara takeover
15th Oct 2025 07:10
(Sharecast News) - Wood Group has announced that its chief executive Ken Gilmartin is to resign from the engineering consulting firm ahead of the proposed £216m takeover by Dubai's Sidara.
Read moreLondon close: Stocks fall on bank tax concerns, US inflation
29th Aug 2025 17:42
(Sharecast News) - London stocks ended lower on Friday as banking shares slumped after a think tank suggested a potential windfall tax on the sector, while investors assessed the latest US inflation data.
Read moreWood Group agrees £216m takeover by Dubai's Sidara
29th Aug 2025 14:42
(Sharecast News) - Wood Group said on Friday that it has agreed to be taken over by Sidara in a £216m deal that will see the Dubai-based engineering and consulting firm provide a cash injection of $450m.
Read moreWood Group sells North American division for $110m
29th Aug 2025 07:07
(Sharecast News) - Engineering and consulting business Wood Group has sold its transmission and distribution division in North America as it sheds non-core businesses ahead of its possible takeover by Sidara.
Read moreWood Group willing to accept lower Sidara offer
26th Aug 2025 07:16
(Sharecast News) - Wood Group has announced that it would be willing to accept a reduced takeover offer from Dubai-based Sidari, but has extended the deadline for talks by another three days.
Read moreWood Group inches closer to a potential buyout, extends PUSU deadline
28th Jul 2025 07:40
(Sharecast News) - Engineering and consulting firm Wood Group said on Monday that it has inched closer to a potential buyout after securing commercial alignment with bidder Sidara and its lenders on refinancing terms.
Read moreWood Group agrees to sell 50pc in RWG to JV partner
25th Jul 2025 07:42
(Sharecast News) - Engineering services company John Wood Group said on Friday that it had agreed to sell its 50% stake in repair and overhaul services outfit RWG to joint venture partner Siemens Energy for $135.0m in cash.
Read moreWood Group further extends debt facility waivers
1st Jul 2025 08:28
(Sharecast News) - Wood Group said on Tuesday that it has secured a further extension to the temporary waivers on its committed debt facilities, pushing the expiry date to 31 July as discussions with lenders continued.
Read moreWood Group requests third extension to Sidara takeover deadline as talks continue
30th Jun 2025 07:55
(Sharecast News) - Wood Group has requested another extension to the takeover deadline, giving Sidara an extra month to either announce a firm intention to make an offer or walk away.
Read moreWood Group to be investigated by FCA
27th Jun 2025 15:38
(Sharecast News) - Wood Group said on Friday that the Financial Conduct Authority has launched an investigation into the company for the period from 1 January 2023 to 7 November 2024.
Read moreWood Group JV secures five-year contract with Brunei Shell Petroleum
16th Jun 2025 07:04
(Sharecast News) - Consulting and engineering firm Wood Group and its joint venture partner, Tendrill International, said on Monday that they had secured a five-year contract with Brunei Shell Petroleum for brownfield engineering, procurement, and construction services.
Read moreWood Group and Sidara granted another extension to PUSU deadline
12th Jun 2025 08:27
(Sharecast News) - Wood Group has been granted an extension to the so-called 'put up or shut up' takeover deadline for Sidara until 30 June as part of an effort to push the deal through before the end of the month.
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