Wood plc news Find the latest John Wood Group PLC (WG. Regulatory news. The work Wood is undertaking is expected to help maximise the production capacity of the assets. Additionally, Wood is the engineering services provider for CIP’s green hydrogen Catalina project in Spain. Sidara made a 230 pence-a-share approach to Wood in May Feb 19, 2025 · John Wood Group Plc may require a capital raise that’s almost twice the size of the beleaguered British energy engineer’s market capitalization, an analyst at Kepler Cheuvreux suggested. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). Wood Group Gets $120 Million Contract Extension With Shell UK. The Wood Al Majal joint venture combines expertise and local knowledge to offer commissioning, maintenance and brownfield modifications across Iraq. 70. Wood has opened the door to a New York-based suitor. Feb 26, 2025 · Shares in Aberdeen-based Wood surged yesterday morning as investors responded to news that the embattled company had been approached by a Middle Eastern group about a potential takeover. Feb 19, 2025 · Wood has had a difficult few days following the 55. Distributed by Public, unedited and unaltered, on January 29, 2025 at 14:29:01. The Company's segments include Projects, Operations, Consulting, and Investment Services (IVS). An icon of a block arrow pointing to the right. Wood wins significant new maintenance contract with Esso Australia . Posted. Cenosco was featured Feb 14, 2025 · Shares in Wood Group have tumbled by 31% this morning following revelations from a Deloitte review that uncovered "material weaknesses and failures" within the company. Jan 6, 2025 · John Wood Group has completed the sale of its stake in Ethos Energy Group, a joint venture focused on rotating equipment. These appointments follow the retirement of Wood’s Aug 20, 2024 · Aug 20 (Reuters) - British oilfield services and engineering firm Wood Group , opens new tab posted an 8. Sep 18, 2024 · To accommodate expanding project demand and business growth, and to improve the in-office experience for our 1,200+ regional UK-based people, we recently relocated our Reading and Staines operations to new offices in Green Park in Reading and on London Road in Staines. Scotland. Wood was selected as owner’s engineer for their Coalburn Storage project in Scotland, which is set to be Europe’s largest battery storage unit. Apr 14, 2025 · One of Scotland's largest companies - engineering giant Wood Group - is backing a £242m takeover approach. Wood Group (John) PLC Feb 14, 2025 · (Alliance News) - Shares in John Wood Group PLC tanked on Friday after it announced plans for further cost cuts, and a possible refinancing, as it battles weaker than expected trading and legacy Feb 14, 2025 · John Wood Group shares nosedived on Friday as the oilfield services firm warned of negative free cash flow and acknowledged a tough quarterly performance. Engineering giant Wood backing £242m takeover bid. Nov 7, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 30 September 2024 (‘Q3’). Share News. May 8, 2024 · John Wood Group Plc said it rebuffed a £1. Feb 14, 2025 · Shares in Britain's John Wood Group plummeted 40% on Friday after the engineering firm forecast negative cash flow for another year, after a series of updates that dashed hopes of a turnaround. 73 average news sentiment score of Energy companies. Feb 24, 2025 · Wood Group, the embattled oil services and engineering company whose valuation plunged to less than £200mn this month, has entered takeover talks with the United Arab Emirates-based company that Dec 5, 2024 · Wood, a global leader in consulting and engineering, has signed three major agreements with bp to provide engineering and project delivery services for their capital projects worldwide. Feb 20, 2025 · John Wood Group PLC (‘Wood’ or ‘the Company’) has been awarded a $120 million contract extension by Shell UK Limited to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK. 1bn, and the company was looking at “all potential refinancing options” as debt facilities approached maturity in October 2026, it said. The team, led by Danny Cockton, consolidated travel management companies, implemented Amex GBT's Neo platform, streamlined policies, and improved traveller satisfaction drastically, resulting in significant savings and elevated the role of travel management Apr 14, 2025 · Wood's accounts for last year have been stalled and its share price has fallen from a peak of £9 ($11. 14 Apr 2025 Dec 17, 2024 · John Wood Group plc published this content on December 18, 2024, and is solely responsible for the information contained herein. Nov 7, 2024 · John Wood Group Plc tumbled the most on record in London trading after announcing a review to address poor performance in its projects division. John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. Feb 24, 2025 · Oil services and engineering firm Wood Group confirmed on Monday that it had received a takeover approach from Dubai’ Michele Maatouk Sharecast News . Shares closed down 60% The Wood plc investor website includes investor information, annual results, corporate governance and more. The sale, to One Equity Partners, was for a final net cash consideration of $138m, with $42m of prior planned loan notes replaced by an additional cash consideration at completion. The top ranking reflects Wood’s strategy to reposition its business as a broader engineering and construction player extending beyond traditional oilfield services into a range of end markets including energy, industry and the Nov 7, 2024 · Wood Group plays a key role in some of the UK’s key energy transition projects. Feb 25, 2025 · The FTSE 250-listed Wood, which offers oilfield and engineering services, saw its shares plummet 80% over the past year, reducing its stock market value to just over £200m – a stark contrast to Dec 20, 2023 · John Wood Group PLC (‘Wood’ or ‘the Company’) today announces the changes to its Executive Committee with the appointment of two new executive leaders. The global energy Dec 3, 2024 · Wood has operated in Iraq for over 80 years and employs 850 people, delivering engineering solutions for clients across the country. Nov 7, 2024 · John Wood Group PLC (LSE:WG. Wood plc news home page. Marla Storm and Michael Rasmuson will join Wood as Chief Human Resources Officer (CHRO) and Group General Counsel respectively. JPMorgan Securities Plc Form 8. Chief Executive Ken Gilmartin said: "This is a difficult announcement amid our transformation. See more. Shares closed down 60% Jan 29, 2025 · John Wood Group plc published this content on January 29, 2025, and is solely responsible for the information contained therein. Nov 7, 2024 · Wood Group shares were in freefall on Thursday as the oil services firm announced the launch of an independent review of its business that could lead to restatements and said third-quarter trading Feb 14, 2025 · Wood’s net debt stands at about $1. Aberdeen-headquartered Wood said Sidara, an engineering and consultancy based in Dubai 3 days ago · An icon of a desk calendar. Feb 14, 2025, 04:35pm EST. 14 Feb, 2025 08:42 14 Feb, 2025 08:21. 37). Mr Torrens will also join the Company’s Board as an Executive Director, effective immediately. 5 (EPT/RI)-Wood Group (John) plc Amend: 02/5/2025: 15:14: Mar 12, 2025 · Wood, a global leader in consulting and engineering, announces the launch of a highly specialist centre for technical, strategic and economic energy transition solutions in Abu Dhabi. ("Apollo"), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood. Wood Group said it expects lower underlying earnings for 2024, projecting EBITDA of Jan 2, 2025 · John Wood Group PLC ('Wood' or 'the Company') today announces that it has completed the sale of its stake in Ethos Energy Group Limited ('EthosEnergy'), a joint venture focused on rotating equipment. 1bn) by the end of September, down eight per cent compared to last year. 3% in London trading Thursday to its lowest level in more than 20 years after announcing a review to address a weak performance in its projects Jun 9, 2024 · Private equity firm Apollo Global Management in May 2023 withdrew an announced offer to buy Wood Group for about $2. The company, which employs more than 6,000 people in the UK, mostly in Aberdeen, said a recent review of the business carried out by consultants at Deloitte had found Jul 31, 2024 · UK's John Wood Group on Wednesday extended the deadline by which Dubai-based engineering and consulting firm Sidara would need to make a firm offer for the company to not later than August 9. The Board of Wood (the “Board”) notes the recent announcement by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") and confirms that today it has received a fourth and final, unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 230 pence per Wood share (the Wood has secured the #1 Top International Design Firm in Engineering News-Record’s 2019 ranking of the world’s 225 leading engineering and construction companies. 3,600 people globally and contributed $34 million of adjusted EBITDA to Wood’s results (per Wood definition) in 2023, with no revenue recognised in Wood’s results. Feb 20, 2025 · Seven years ago, Aberdeen engineering firm Wood was valued at more than £5 billion and it bought one of its biggest rivals as part of growth plans. Sidara will be required to Nov 7, 2024 · Shares of Aberdeen-based consulting and engineering giant Wood plc fell as much as 60% on Thursday after the firm said it agreed to commission an independent review to be performed by Deloitte “f ollowing the exceptional contract write-offs relating to the exit from lump sum turnkey and large-scale EPC reported at the half year 2024 results. 03 billion), representing a premium of 52% to its closing share price before the Engineering giant Wood backing £242m takeover bid The board of the Aberdeen-based firm says it would be "minded to recommend" the latest takeover deal. Jun 6, 2024 · Last week, Sidara raised its proposed takeover offer for the British oilfield services and engineering firm for the third time, saying that the cash offer of 230 pence apiece was its "final offer". Oct 29, 2024 · Wood, a global leader in consulting and engineering, has secured a significant engineering services contract for Aramco’s Southern and Northern Areas gas increments project in Saudi Arabia. May 9, 2024 · True, Wood has made progress on its latest turnaround since Apollo walked away. Delivering the world’s first ultra-high pressure deepwater development Dec 19, 2024 · John Wood Group PLC (‘Wood’ or ‘the Company’) has been awarded a significant contract by OMV Petrom for a major project to boost the production of sustainable fuel in Southeast Europe. An independent review of the business by Deloitte is still ongoing but it has already found ‘material weaknesses and failures’. 711 . Find out the latest news and insights from Wood plc, a global leader in engineering and consultancy. 00 % increase; green up pointing triangle plunged to their lowest point in more than 20 years after a weak performance in its projects business prompted the Scottish Aug 28, 2024 · Wood expects net cash proceeds of around $95 million upon completion, expected by the end of 2024, as well as repayment of its loan notes on maturity. 2 billion between 30 September 2024 and 31 December 2024 on the back of some major contracts. 97 Feb 19, 2025 · The chief financial officer at embattled engineer John Wood Group has stepped down with immediate effect after he admitted to misstating his professional qualifications. Apr 30, 2025 · Shares provides unbiased commentary, ideas, views and news on stocks, funds, pensions and savings. A resource for staying ahead on all things Wood plc Feb 24, 2025 · Oil services and engineering firm Wood Group confirmed on Monday that it had received a takeover approach from Dubai’ Michele Maatouk Sharecast News . These financial worries overwhelmed positive news on Wood's order book, which grew from $5. Both Wood and Cenosco have been spotlighted in Verdantix’s Green Quadrant 2024 for their industrial asset management prowess. MarketBeat Follows Apr 30, 2025 · Latest John Wood Group PLC (WG. Ken Gilmartin, CEO at Wood, commented: “Wood is pleased to continue supporting BSP’s offshore asset portfolio in the next phase of its rejuvenation project. Order book is presented as an indicator of the visibility of future revenue. They include planning the Humber Zero carbon reduction programme , spanning CO2 capture projects for three power Wood Group (J) News Headlines. Under the scope of this project, the Petrobrazi refinery in Romania will become the first major production facility for sustainable aviation fuel in the Access high quality images of Wood plc leaders, varieties of our logo and Wood fast facts. Aug 22, 2023 · Wood Plc also said the results reflect lower profits from its Built Environment Consulting business, which it sold in 2022. Feb 14, 2025 · John Wood Group PLC (LSE:WG. Nov 7, 2024 · Shares in John Wood Group WG 0. ) revealed it is launching cost-cutting action, to cleave some $145 million of overhead in the coming years. May 8, 2024 · John Wood Group PLC ("Wood" or the "Group") The Board of Wood notes recent speculation and confirms that it received an unsolicited, preliminary and conditional proposal from Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara"), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood (the "Proposal"). Russ Mould of AJ Bell, said: “Wood Group crashed on a smorgasbord of bad news. The firm has acknowledged the need to "significantly" bolster its financial culture, governance, and controls after the review's findings, as reported by City AM . Wood has completed the sale to One Equity Partners for a final net cash consideration of $138 million, with $42 million of prior planned loan Feb 24, 2025 · Britain's struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago Feb 24, 2025 · 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. May 2, 2025 · Get the latest up-to-the minute news on Wood Group (john) from ADVFN. Feb 17, 2025 · Three months later, on 7 November 2024, the shares fell 60% after the firm said it had experienced a “mixed quarter” and announced an independent review. Great investment tools with live data. The Aberdeen-based company, which employs 35,000 people globally, announced a &poun John Wood Group PLC announces that Arvind Balan, Chief Financial Officer (‘CFO’), has tendered his resignation and the Board have accepted this with immediate effect. Nov 19, 2024 · Partnering with trusted industry leaders, like Wood, is important to us for delivering sustained value and staying at the forefront of asset reliability and integrity. May 8, 2024 · Sidara, the family-owned engineering company formerly called Dar Group, is exploring a potential acquisition of London-listed John Wood Group Plc, according to people familiar with the matter. Feb 20, 2025 · In a separate announcement, Wood Group announced that it has been awarded a $120m contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK. John Wood Group PLC ("Wood" or the "Group") The Board of Wood notes the recent speculation and confirms that it has received three unsolicited, preliminary and conditional proposals from Apollo Global Management, Inc. 4 billion to $6. Mar 17, 2023 · Ken Gilmartin, chief executive officer of John Wood Group Plc, during the 2023 CERAWeek by S&P More Global conference in Houston, Texas, US, on Tuesday, March 7, 2023. 4 billion ($1. Feb 24, 2025 · John Wood Group plc ("Wood" or the "Company") The Board of Wood notes the recent media speculation and confirms that it has received an approach from Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") in relation to a possible offer for the entire issued and to be issued share capital of the Company (the "Proposal"). With 35,000 professionals, across 60 countries, Wood is one of the world’s leading consulting and engineering companies operating across Energy and Materials markets. EthosEnergy currently employs c. 50 while the average consensus rating score for "energy" companies is 2. Latest documents. 6% to more than a one-year high of 185. 1 billion after the engineer agreed to entertain what was the equity firm's Nov 11, 2022 · Wood has opened a new engineering office in Doha following a growth in demand for its industry-leading engineering expertise in the State of Qatar, where the company has worked to deliver major upstream and downstream projects for over 20 years. Wood’s Iraq gas contracts worth $11M secured by Wood Group Iraqi News 13:30 Mon, 21 Apr Former Wood Group director slams ‘screw up’ of perfectly good business The Press and Journal 06:04 Fri, 18 Apr Feb 14, 2025 · Shares in Wood Group were tanking on Friday morning, Josh White Sharecast News . This Feb 25, 2025 · John Wood Group confirmed that Dubai-based suitor Sidara has returned for a second takeover tilt, less than a year after walking away from a deal. L) stock quote, history, news and other vital information to help you with your stock trading and investing. An icon of a circle with a diagonal line across. Mar 31, 2025 · Wood Group shares have tumbled once again as the firm said it was set to suspend shares after warning it would restate accounts following “cultural failings” uncovered in a review. Feb 19, 2025 · LONDON - Wood Group (John) PLC announced today the immediate resignation of its Chief Financial Officer, Arvind (NSE: ARVN) Balan, following a misstatement regarding his professional qualifications. Its Projects segment is focused on providing front-end engineering services, procurement and project management. Arvind Balan said: Dec 3, 2024 · John Wood Group plc is a United Kingdom-based global consulting and engineering company. An icon of the Facebook "f" mark. It operates through Projects, Operations, Consulting, and Investment Services segments. Addressing the market shift towards more environmentally friendly food packaging materials, the new plant will produce EVAL™, Kuraray’s ethylene vinyl alcohol (EVOH) copolymer. Dec 11, 2024 · NZT Power is expected to create more than 3,000 construction jobs and then generate 1,000 jobs during operations. A shortlist of 10 companies were evaluated in Verdantix’s 2024 Green Quadrant report, with Wood awarded the highest overall scores for its innovative approach to asset management technology in the energy sector. 85), when oil prices were high in 2013, to just 28p ($0. Wood has been involved with the project since 2019, providing concept, pre-front end engineering design (pre-FEED) and front-end engineering design (FEED) packages. It follows a long slide in its share price, partly Nov 7, 2024 · John Wood Group (OTCPK:WDGJF) (OTCPK:WDGJY) -50. They were up 12. Feb 14, 2025 · 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. Financial News Articles for Wood Group (john) Plc Ord 4 2/7p updated throughout the day. 6% plunge in its share price last Friday to 29p in response to a weak trading statement and an update on a review Wood, a global leader in consulting and engineering, is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilisation and Storage (CCUS) projects. Filter by market, geography, date and more to get relevant information. Sidara is no longer bound by the restrictions under Rule 2. The shares sank as much as 49%, the biggest decline Feb 20, 2025 · Before joining the Wood Group, Balan served in finance leadership roles at Rolls-Royce and Shell. Aug 28, 2024 · UK engineering company John Wood Group has sold two businesses for $165mn as it seeks to persuade investors of its future as a standalone company, following two collapsed takeover bids in just Feb 14, 2025 · Russ Mould, investment director at AJ Bell, noted: “Wood Group crashed on a smorgasbord of bad news. 15 April 15 Apr. Feb 14, 2025 · (Alliance News) - Shares in John Wood Group PLC tanked on Friday after it announced plans for further cost cuts, and a possible refinancing, as it battles weaker than expected trading and legacy issues. Nov 7, 2024 · (Alliance News) - John Wood Group PLC shares tumbled on Thursday as the firm said it has turned to Deloitte to perform an independent review after exceptional contract write-offs. Distributed by Public, unedited and unaltered, on December 17, 2024 at 21:45:09. Proactive news team spans the world’s key finance and Aug 5, 2024 · Engineering company Sidara said it won’t make a firm takeover offer for John Wood Group Plc, ending a months-long courtship. Apr 17, 2023 · One of Scotland's biggest corporate success stories is now being sized up for takeover. Aug 5, 2024 · (Alliance News) - John Wood Group PLC on Monday said its remains confident in its "strategic direction and fundamental prospects", after a potential bidder for the oil field services firm withdrew. This followed the incorrect description of his professional qualifications in various statements in the public domain. 396 . John Wood Group PLC (' Wood ' or ' the Company') has been awarded a significant new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin, Victoria, operated by Esso Australia. Operating profits were therefore down 25. An icon of a paper envelope. The UK's Takeover Panel has granted Sidara until July 3 to either announce a firm intention to make an offer for Wood or walk away under the "put up or shut up" (PUSU) UK takeover rules, Wood Group Dec 17, 2024 · Wood PLC won the Travel Team of the Year award at the Business Travel Awards Europe for transforming its travel programme efficiently. The Aberdeen-headquartered engineering consultancy said it had received an approach from Sidara, sending beleaguered shares rebounding by more than 33% in afternoon trading on Monday. Leading independent research and advisory firm, Verdantix, has named Wood a leader in digital for its asset management technology implementation services. This is a lower news sentiment than the 0. The engineering firm, which employs 35,000 people, has revealed a “difficult” and Nov 7, 2024 · The board of UK-headquartered engineering and services provider Wood has agreed to commission Deloitte to perform an independent review of its operations following “exceptional” contract write Apr 30, 2025 · John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. Jan 10, 2024 · Wood’s Operations business will deliver engineering, procurement, construction and commissioning (EPCC) services to enhance the central processing facility of bp’s Eastern Trough Area Project (ETAP) production hub in the central North Sea. Now the group is worth less than £200 million. Our teams will work with bp to realise operational improvements, enhance efficiency and continue Stay informed with the latest financial and regulatory news, providing home for all financial and compliance updates. L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments John Wood Group plc is a United Kingdom-based Order book disclosure is aligned with the IFRS definition of revenue and does not include Wood’s proportional share of joint venture order book. Feb 14, 2025 · Robert Olsen is a journalist covering transatlantic business news. First quarter ebitda improved 4 per cent despite a 6 per cent year-on-year drop in revenue as it takes on higher May 29, 2024 · John Wood Group PLC ("Wood" or the "Group") Response to Sidara’s announcement. Jan 13, 2025 · Engineered designs provide the roadmap to deliver a project, and at Wood, we are driven to provide the safest, cleanest and most efficient solutions for the next generation of energy production. 8 billion) bid from family-owned engineering company Sidara. 24 Feb, 2025 14:17 24 Feb, 2025 14:39. Feb 14, 2025 · While Wood has not finalised its financial results for 2024 yet, it said it expects profit growth to have slowed, projecting earnings of 450 million dollars (£358 million) to 460 million dollars Nov 7, 2024 · Wood Group’s order book declined to $5. The consensus rating score for John Wood Group is 2. May 8, 2024 · A Bloomberg report on Sidara weighing a bid had sent shares of FTSE 250-listed , opens new tab Wood up as much as 26% earlier in the day. " Recognised Digital Leaders. Attribution. Feb 19, 2025 · (Alliance News) - John Wood Group PLC on Wednesday said Chief Financial Officer Arvind Balan has resigned with immediate effect after it emerged that his professional qualifications had been Nov 7, 2024 · John Wood Group Plc tumbled the most on record in London trading after announcing a review to address poor performance in its projects division. Wood Group shares tank on 'difficult' trading update Jul 3, 2024 · John Wood Group PLC ("Wood") Extension to Put up or Shut up Deadline. WG. :LSE) share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more. The Board of Wood is minded to recommend the offer, subject to certain conditions, and believes it is the best option for shareholders, creditors and stakeholders. An independent review of the business by Deloitte is still ongoing but it has already found Feb 19, 2025 · British oilfield services and engineering firm Wood Group's Chief Financial Officer Arvind Balan stepped down from his role with immediate effect on Wednesday, following an incorrect description Shares of Aberdeen-based engineering and consulting giant John Wood Group fell as much as 50% to around 31p on Friday after it published a “difficult” trading update for the year ended December 31, 2024 — and an update on an ongoing independent review at Wood by Deloitte. Feb 14, 2025 · Aberdeen company Wood has seen another dramatic collapse in its share price – dropping by more than 30%. Feb 24, 2025 · Sidara, which abandoned its previous plans, has made a fresh approach following the collapse of Wood Group's shares in recent weeks, the Financial Times first reported, citing two people close to the discussions. Feb 14, 2025 · (Alliance News) - Shares in John Wood Group PLC tanked on Friday after it announced plans for further cost cuts, and a possible refinancing, as it battles weaker than expected trading and legacy Aug 20, 2024 · The boss of UK engineer John Wood Group has insisted the company can deliver growth and boost the share price after it plunged this month following the collapse of a second takeover bid in just May 29, 2024 · The latest proposal for a cash offer of 230 pence apiece would value Wood Group at about 1. A Wood Group press release announcing Balan’s appointment in October 2023 described him as a “chartered accountant” with an MBA from the Indian Institute of Management. Jul 16, 2024 · Wood has been awarded a $40million engineering design contract by Kuraray to build a new sustainable packaging production plant in Singapore. Wednesday after Bloomberg News revealed the takeover interest. Apr 14, 2025 · Wood, a global engineering consulting company, has received a holistic proposal from Sidara, a privately-owned partnership, to acquire Wood for 35 pence per share in cash and $450 million. Mar 24, 2025 · John Wood Group plc is a United Kingdom-based global consulting and engineering company. Nov 8, 2024 · 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. Jan 19, 2025 · Wood Group (John) PLC. Jun 5, 2024 · John Wood Group PLC ("Wood") On 29 May 2024, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") announced that it had submitted a fourth proposal to the Board of Wood (the "Board") to acquire the entire issued and to be issued ordinary share capital of Wood at a final price of 230p 1 per share in cash (the "Final Proposal"). The contract extension will be supported by around 240 Wood employees. 100 Wood employees will be involved at project peak. ) Ordinary 4 2/7p share news, regulatory announcements and tips. 4bn (£4. :XLON), related news, Global News Select Mar 5, 2025 6:14pm. 7% on the first six months of Aug 22, 2023 · UK oil engineering company Wood Group raised its full-year revenue and earnings expectations on Tuesday after winning a series of new contracts, even as it saw a 26 per cent drop in first-half Feb 14, 2025 · 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. Jul 9, 2024 · Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. ” Sidara notes the recent announcement by Wood and confirms that Sidara made a preliminary approach to the Board of Wood regarding a possible cash offer for the entire issued share capital of Wood. On 5 June 2024, the Board of Wood (the "Board") announced its decision to grant Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") access to due diligence materials in order to explore whether a firm offer could be made on the same financial terms as the fourth proposal submitted to the Board and Nov 7, 2024 · Wood has announced a shock review of its books following write-offs of large scale contracts prompting another share price collapse for the beleaguered energy services group. Note 13: Headcount is a measure of total employees working for Wood, including Wood employees and contractors. ) shares plunged in Thursday’s early deals as the offshore engineer launched an independent review of its business, to be 2 days ago · News Sentiment John Wood Group has a news sentiment score of -0. The company, which employs more than 6,000 people in the UK, mostly in Aberdeen , said a recent review of the business carried out by consultants at Deloitte had found Feb 14, 2025 · Wood’s shares fell 60% last November when it announced that Deloitte would conduct an independent review into a series of writedowns. Learn more on how WG compares to other companies. May 1, 2025 · Analysts like John Wood Group less than other "energy" companies. Apr 30, 2025 · See the latest John Wood Group PLC stock price (WG. Jan 20, 2025 · John Wood Group PLC (‘Wood’ or ‘the Company’) has been awarded a significant new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin, Victoria, operated by Esso Australia. Shares of Wood Group have lost more than 60% of their value since the start of the year through Friday's last close, and more than 85% since Sidara walked away from the previous 2 days ago · Get John Wood Group PLC (WG. The directors appointed Deloitte to Read all the latest Wood Group (John) Plc (WG. John Wood Group PLC (‘Wood’, ‘the Group’ or ‘the Company’) today announces the appointment of Iain Torrens as interim Chief Financial Officer (CFO). An icon Nov 7, 2024 · (Alliance News) - John Wood Group PLC shares tumbled on Thursday as the firm said it has turned to Deloitte to perform an independent review after exceptional contract write-offs. 8 of the Code that were in place following its announcement on 5 August 2024 that it did Martin Simmonite, Senior Vice President of Operations, UK at Wood said: “The new alliance continues to build on our long-term relationship with bp and complements our multi-regional engineering services contract that was awarded to Wood in 2022. Feb 19, 2025 · (Alliance News) - John Wood Group PLC on Wednesday said Chief Financial Officer Arvind Balan has resigned with immediate effect after it emerged that his professional qualifications had been Wood, the global consulting and engineering company, has secured a new contract with bp Castrol Australia to provide engineering, procurement and construction (EPC) services to two Castrol lubricant blending, filling, and manufacturing facilities in Spotswood, Victoria and Fremantle, Western Australia. 20 January 2025 . Apr 14, 2025 · Wood takeover - good news or another loss for Scottish business? Attribution. 59 billion pounds ($2. 45. . Ken Gilmartin, CEO, said: “We continue to make progress on our turnaround, building a simpler, higher quality Wood. 5% jump in its first-half adjusted core earnings on Tuesday aided by improved pricing Nov 7, 2024 · Wood has announced a shock review of its books following write-offs of large scale contracts prompting another share price collapse for the beleaguered energy services group. Read more Wood Group shares soar following £242m Sidara bid Feb 19, 2025 · This marks Wood’s third transformative project with CIP. Follow Author. Shares in the Aberdeen-based company Get the latest John Wood Group PLC (WG) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. cvgchswvkkqtvhfayliqmfzhcznegdnbjubjpgdkhmbyohnocyatwacqilxclzjrkfsuerhrbtstdi