John wood group news 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. Nov 7, 2024 · John Wood Group (OTCPK:WDGJF) (OTCPK:WDGJY) -50. May 8, 2024 · John Wood Group Plc said it rebuffed a £1. As of February 2025, the group employs 35,000 people globally. 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. ) has tanked recently. Sidara will be required to May 8, 2024 · British oilfield services and engineering firm John Wood Group rejected a potential 1. Ken Gilmartin, CEO, said: “We continue to make progress on our turnaround, building a simpler, higher quality Wood. Aug 20, 2024 · Aug 20 (Reuters) - British oilfield services and engineering firm Wood Group , opens new tab posted an 8. Feb 20, 2025 · The finance boss of FTSE 250 company John Wood Group has quit after admitting to mis-stating his qualifications. 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. Dow Jones Newswires is a market-moving financial and business news source, used by wealth 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. 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. 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. :XLON), related news, Global News Select Mar 5, 2025 6:14pm. 24 Feb, 2025 14:17 24 Wood Group (John) 24. The oilfield and engineering services firm said the probe will be focused on "reported positions on contracts in projects, accounting, governance and controls". Published: Feb. 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. 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. 8 billion) bid from family-owned engineering company Sidara. FTSE 250 17,765. Wood, formerly and still formally known as John Wood Group, News of the Apollo bid Aug 5, 2024 · Aug 5 (Reuters) - Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group , opens new tab, citing rising geopolitical risks and uncertainty in the financial . 4 billion ($1. The shares sank as much as 49%, the biggest decline Nov 7, 2024 · John Wood Group Sharecast graphic / Josh -2. 04 April 2025 . Feb 19, 2025 · John Wood Group: CFO Arvind Balan Tendered His Resignation. Apr 16, 2024 · John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday. WG. Feb 24, 2025 · 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. 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. 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. In-depth analysis, industry insights and expert opinion. Rival Petrofac Ltd (LSE:PFC) has already fallen 66% in 2024 compared with the FTSE 250 index which is up 5%. S. 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’). Chief Executive Ken Gilmartin said: "This is a difficult announcement amid our transformation. FTSE 250 stock John Wood Group (LSE: WG. 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 Jan 6, 2025 · John Wood Group has completed the sale of its stake in Ethos Energy Group, a joint venture focused on rotating equipment. 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. On Friday, the company forecast negative cash flow for another year, which triggered a 40% nosedive in its stock price, according to Reuters. Mar 3, 2025 · In a surprising turn of events, troubled engineering giant John Wood Group has found itself in the spotlight once again, this time with a fresh takeover bid from Dubai-based rival sidara. 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. 16:15:00 . 4 days ago · See the latest John Wood Group PLC stock price (WG. 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. Latest documents May 15, 2023 · May 15 (Reuters) - Shares in John Wood Group , opens new tab were on track for their biggest one-day drop on record on Monday after U. Headline Source Date Time; Holding(s) in Company. John Wood Group has received no research coverage in the past 90 days. 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. Feb 14, 2025 · Shares in Wood Group were tanking on Friday morning, after it flagged weaker-than-expected fourth-quarter trading in an update, and warned of negative free cash flow in 2025. Marla Storm and Michael Rasmuson will join Wood as Chief Human Resources Officer (CHRO) and Group General Counsel respectively. 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. 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. 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. 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. This followed the incorrect description of his professional qualifications in various statements in the public domain. It operates through Projects, Operations, Consulting, and Investment Services segments. An independent review of the business by Deloitte is still ongoing but it has already found ‘material weaknesses and failures’. Aug 20, 2024 · *See notes on page 4. L) stock news and headlines to help you in your trading and investing decisions. Ken Gilmartin, CEO, said: “These results demonstrate continued progress on our turnaround. Shares closed down 60% Apr 17, 2023 · Wood Group. Wood’s 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. View recent trades and share price information for Wood Group (John) Plc and other shares. 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. A resource for staying ahead on all things Wood plc. -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. Is the British Mar 1, 2025 · When a young Ian Wood splashed out on an imposing presence for his family’s company at the inaugural Offshore Europe conference at the University of Aberdeen in 1973, his father John was aghast. Under Deloitte’s review, Wood Group is now evaluating the extent of prior year adjustments which management expects will be required on previously reported adjusted profit (EBITDA) for the full year 2023 and any prior periods. 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. L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments Feb 20, 2025 · The news comes just days after the Wood Group found itself in the spotlight over financial troubles. 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. 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. Share News. ). PRN . Wood Group’s expertise stretches from oil and gas pipeline design to wind turbine and tidal energy projects. Meanwhile, over the last year, it’s fallen more than 80%. Russ Mould of AJ Bell, said: “Wood Group crashed on a smorgasbord of bad news. Dow Jones Newswires is a market-moving financial and business news 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 Mar 31, 2025 · (Alliance News) - John Wood Group PLC on Monday warned "material" adjustments are expected to be made to prior year earnings after receiving findings of an independent review. hajqzsgd qomup miadlr cqrzbdx uhbqu pnnprs zqafvffp pxrk aczt xvx ofinlozo uzpq jljxhsuc nqjalkm tumlj
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