All the updated news related to wood group

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City

John Wood Group suitor drops £1.7bn takeover plans

John Wood Group’s private equity suitor has ditched plans for a £1.7 billion takeover of the oil and gas engineering firm. US firm Apollo Management said it would not be making an offer for Aberdeen-based Wood Group, just two days before the May 17 ...

15 May 2023 at 08:53

City

Oil and gas engineer Wood Group lifts outlook after new contracts

Wood Group has upgraded its revenue and profit guidance for the year after it was boosted by new contracts. Shares in the London-listed oil and gas engineering business climbed higher on Tuesday morning as a result. It comes months after lengthy ...

22 Aug 2023 at 11:22

City

Wood Group to ‘engage’ with private equity suitor over £1.7bn proposal

Oil and gas engineering firm John Wood Group has seen its shares jump higher after revealing it has decided to “engage” with its US private equity suitor to firm up an offer after a £1.7 billion takeover approach. Wood Group’s stock jumped more ...

17 Apr 2023 at 09:20

City

John Wood Group rebuffs takeover offer from Dubai-based rival Sidara

Engineering firm John Wood Group said it has turned down a £1.42 billion buyout offer by Dubai-based rival Sidara on Wednesday. The FTSE 250 firm, which provides oilfield and engineering services, said in a stock market update that it had ...

08 May 2024 at 15:46

City

Wood Group targets nearly £50m yearly savings in efficiency drive

Wood Group has revealed plans to shave about 60 million US dollars (£47.4 million) off its yearly costs as part of an efficiency drive to boost profitability. The Aberdeen-headquartered oil and gas engineering business said the ...

26 Mar 2024 at 20:18

City

Wood Group reveals widened losses and costs of abandoned takeover

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 £1.56 billion proposed takeover. The FTSE 250 firm, ...

20 Aug 2024 at 08:25

City

Wood Group shares plunge as review of business launched

Engineering firm Wood Group has seen its shares plummet to a more than 20-year low after launching a review of the business following recent write-downs on projects. The Scottish group, which provides oilfield and ...

07 Nov 2024 at 12:05

City

Vodafone completes £6.6bn deal to offload Italian arm

Vodafone has completed the eight billion euro (£6.6 billion) sale of its Italian business to Switzerland’s Swisscom as a flurry of deals are sewn up for the start of the new year. The mobile phone giant – which ...

02 Jan 2025 at 09:14

City

Wood Group extends cost-cutting drive and cancels employee bonuses

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, which employs more ...

14 Feb 2025 at 12:08

City

Wood Group reveals fresh takeover approach from Dubai-based Sidara

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. Aberdeen-headquartered Wood Group ...

24 Feb 2025 at 16:14

City

Wood Group receives £242m takeover offer from UAE’s Sidara

Troubled engineering firm John Wood Group has received a fresh takeover bid from Dubai-based suitor Sidara. Aberdeen-headquartered Wood Group said Sidara – a privately held network of engineering and ...

14 Apr 2025 at 08:03

City

Wood Group extends takeover talks with UAE suitor Sidara

Troubled engineering firm John Wood Group has given its Dubai-based suitor Sidara more time to come up with a firm offer. Aberdeen-headquartered Wood Group said Sidara – a privately held network of ...

24 Mar 2025 at 09:22

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wood group

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