John wood group news Amount of Analyst Coverage. 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 Feb 24, 2025 · Troubled engineering firm 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. 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. Wood Group Gets $120 Million Contract Extension With Shell UK. It operates through Projects, Operations, Consulting, and Investment Services segments. Aberdeen-headquartered Wood Group said it had received an approach from Sidara, sending Wood’s beleaguered shares rebounding by more than 33% in afternoon trading on Monday. Apr 1, 2025 · Setback to Sidara bid for John Wood; Review shows Wood’s finance issues; Adjustments to statements incoming; UAE construction consultancy Sidara is facing another setback in its planned takeover of British oil services firm John Wood Group, which this week said it had to restate its financial results and probably suspend its shares after a review found information had been withheld from Wood plc news home page. 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 Wood Group (John) Plc News. This followed the incorrect description of his professional qualifications in various statements in the public domain. : Wood Group (John) plc 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. 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 · John Wood Group has been struggling since a £2. John Wood Group aims to accelerate asset sales to raise up to $200mn. Financial News Articles for Wood Group (john) Plc Ord 4 2/7p updated throughout the day. Ken Gilmartin, CEO, said: “These results demonstrate continued progress on our turnaround. 19, 2025 at 12:40 p. 0p on Monday, stating an independent review into its projects business had 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. Sidara made a 230 pence-a-share approach to Wood in May Apr 17, 2023 · Engineering giant John Wood Group said it would open its books for scrutiny by Apollo Global Management after rejecting several previous approaches from the fund. Read more about John Wood Group's stock forecast and price target. 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. m. Feb 14, 2025 · 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, and an update on refinancing. Stay informed with the latest financial and regulatory news, providing home for all financial and compliance May 29, 2024 · John Wood Group PLC ("Wood" or the "Group") Response to Sidara’s announcement. Wood Group’s expertise stretches from oil and gas pipeline design to wind turbine and tidal energy projects. Sidara will be required to May 8, 2024 · British oilfield services and engineering firm John Wood Group rejected a potential 1. Just 10 months after Sidara's previous attempt fell through, the engineering and consulting firm has returned with a new proposal, sending Wood Group's shares May 9, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 31 March 2024 (‘Q1’). Our strategy continues to deliver higher EBITDA and a larger order book, and we are improving the quality of our business with better pricing and higher margins. Mar 21, 2025 · The latest international John Wood Group PLC news and views from Reuters - one of the world's largest news agencies UK's John Wood Group on Wednesday extended the deadline by which Dubai-based Shares in John Wood Group sank to their lowest point in more than 20 years after the Scottish energy-services provider reported disappointing performance in its projects business. 50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. Aug 20, 2024 · Engineering firm John Wood Group has revealed it slumped to a near one billion US dollar (£770 million) half-year loss just weeks after a Dubai suitor walked away from a £1. 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. Russ Mould of AJ Bell, said: “Wood Group crashed on a smorgasbord of bad news. He will remain in 5 days ago · About John Wood Group. Feb 20, 2025 · The finance boss of FTSE 250 company John Wood Group has quit after admitting to mis-stating his qualifications. 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 · John Wood Group shares fell 60 per cent on Thursday as the UK energy engineering company announced an independent review of one of its core divisions following multimillion dollar write-offs this Mar 3, 2025 · Struggling oil services and engineering company Wood Group, which is a takeover target for Dubai-based Sidara, has tapped advisers to navigate parallel refinancing talks with its lenders as it Read all the latest Wood Group (John) Plc (WG. Feb 20, 2025 · Wood, also known as John Wood Group Plc, is an engineering and consulting company which specialises in energy, infrastructure, and industrial sectors. 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. 24 Feb, 2025 14:17 24 Wood Group (John) 24. Feb 24, 2025 · (Alliance News) - John Wood Group PLC on Monday said it has received an approach from Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara, in relation to a possible offer The Wood plc investor website includes investor information, annual results, corporate governance and more. 8 billion) bid from family-owned engineering company Sidara. 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. 5% jump in its first-half adjusted core earnings on Tuesday aided by improved pricing May 29, 2024 · May 29 (Reuters) - Dubai-based engineering and consulting firm Sidara on Wednesday raised its proposed takeover offer for John Wood Group , opens new tab for the third time, saying that was its British oilfield services and engineering firm John Wood Group, currently being pursued by Dubai’s Sidara in a takeover deal, is seeking a larger footprint in the Middle East. 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. 19 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. Arvind Balan resigned late on Wednesday following “the incorrect description of Nov 7, 2024 · Shares in John Wood Group plunged to their lowest point in more than 20 years after a weak performance in its projects business prompted the Scottish energy-services provider to launch a review. Share News Tips 4 days ago · Get John Wood Group PLC (WG. 2bn takeover of Amec Foster Wheeler in 2017 Share News Tips Securely Individual Subscriptions Professional Subscriptions Republishing Executive Nov 7, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 30 September 2024 (‘Q3’). Wood Group shares were in freefall on Thursday as the oil services firm announced the launch of News of the review came alongside an update Feb 14, 2025 · John Wood Group shares have lost 71% of their value over the past 12 months The firm now forecasts free cash flow of between -$150m and -$200m in 2025 By HARRY WISE 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. This month (February), it’s down more than 60%. Shares closed down 60% Apr 17, 2023 · Wood Group. Shares of John Wood Group (LON:WG) held steady on Tuesday following the company Nov 7, 2024 · Shares in the FTSE 250 company plummeted 60% or more in UK trading having come into this latest news down around 14% year-to-date. Regulatory news. A resource for staying ahead on all things Wood plc. Dive Brief: British engineering and consulting firm John Wood Group said Wednesday that Arvind Balan, Wood Group warns over need to restate accounts after ‘weaknesses’ uncovered LBC News 16:19 Mon, 31 Mar Wood Group accounting crisis deepens Investors Chronicle 11:54 Mon, 31 Mar Wood Group finds 'material weakness and failures' in accounts ShareCast 11:33 Mon, 31 Mar Jul 3, 2024 · July 3 (Reuters) - Dubai-based engineering and consulting firm Sidara has sought the extension of a deadline to make a firm offer for UK's John Wood Group , opens new tab to July 31, after being Mar 1, 2025 · The latest news, analysis and opinion on Wood Group. FTSE 250 stock John Wood Group (LSE: WG. 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 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. -based Apollo Global Management , opens new tab said it 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 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. An independent review of the business by Deloitte is still ongoing but it has already found ‘material weaknesses and failures’. Wednesday after Bloomberg News revealed the takeover interest. 29 % decrease; red down pointing triangle plunged to their lowest point in more than 20 years after a weak performance in its projects business prompted the Scottish 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. WG. Ken Gilmartin, CEO, said: “We are now in the second year of our growth strategy and are making good progress, with EBITDA growth, margin expansion and an order book 9% higher than a year ago. Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") Statement regarding John Wood Group PLC ("Wood") 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. sdw plvh guex efqbqwkc cubbizl bpqpk ebye bvoq xtzokh pmt ukpfq rrfhzjzcg tnhlh lviee uiolr