As well as disastrous M&A, there’s the painful lack of it. Two potential suitors have declined to acquire Wood in recent years. The highest of these offers was from Apollo in May 2023, which valued ...

The chief financial officer of an Aberdeen-based firm has quit after he made “incorrect descriptions of his professional ...

Arvind Balan said he decided to step down to minimize “distraction at this very pivotal time with our investors and lenders.” ...

John Wood Group saw its shares plunge 55% in London trading, after the firm revealed that its cash flow would be negative for ...

Engineering firm John Wood Group announced that it has accepted the resignation of its chief financial officer (CFO) following the "incorrect description" of his professional qualifications.

(Corrects to remove unrelated company's ticker symbol) (Reuters) -British oilfield services and engineering firm Wood Group's Chief Financial Officer Arvind Balan stepped down from his role with ...

Shares in the Aberdeen-based company slumped by more than a third to 43.2p by late Friday morning, taking their losses over ...

Engineer’s shares plunge 34% after signalling negative free cash flow despite previously saying it would be positive ...

Wood Group extends cost-cutting drive and cancels employee bonuses - The company, which has more than 6,000 staff in the UK, ...

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.

The oil and gas engineering giant fell by 55.6 per cent to 29p as it revealed cost cuts, which will include cancelling ...

Oil and gas engineering giant Wood Group (WG.L) has cancelled employee bonuses and declined to rule out job cuts, after saying it needs to significantly extend a cost reduction plan. The company ...