John wood group news Sidara will be required to 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 Dive Brief: British engineering and consulting firm John Wood Group said Wednesday that Arvind Balan, who became CFO of the company last year, has resigned following revelations that he incorrectly described his Get John Wood Group PLC (WG. Cutting costs and identifying growth areas, but an audit review is underway and financial performance has been disappointing. L) stock quote, history, news and other vital information to help you with your stock trading and investing. L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments (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. 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. The chief financial officer at embattled engineer John Wood Group has stepped down with immediate effect after he admitted to misstating his professional qualifications. WG. Aberdeen-headquartered Wood Group said Sidara – a privately held network of engineering and design The Wood plc investor website includes investor information, annual results, corporate governance and more. Aberdeen-headquartered Wood Group said Sidara – a privately held network of engineering and design companies run from the United Arab Emirates – now has until April 17 to make an offer or walk away under City takeover rules. $60 million, and we completed the 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. A resource for staying ahead on all things Wood plc Troubled engineering firm John Wood Group has given its Dubai-based suitor Sidara more time to come up with a firm offer. Investing. Ken Gilmartin, CEO, said: “We continue to make progress on our turnaround, building a simpler, higher quality Wood. Shares in John Wood Group WG 3. Wood Group (J) News Headlines. Financial News Articles for Wood Group (john) Plc Ord 4 2/7p updated throughout the day. The review will also look to determine John Wood Group Plc tumbled the most on record in London trading after announcing a review to address poor performance in its projects division. . 42 billion pound ($1. Russ Mould of AJ Bell, said: “Wood Group crashed on a smorgasbord of bad news. 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. Wood UK engineering company John Wood Group has sold two businesses for $165mn as it seeks to persuade investors of its future as a 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 Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. 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 John Wood Group, the beleaguered engineering firm, has confirmed that Dubai-based suitor Sidara is making a second attempt at a takeover, less than a year after abandoning a previous deal. 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. Both the projects and operations divisions generated just over 40% of revenues each during 2023, with consultancy services making up the John Wood Group has completed the sale of its stake in Ethos Energy Group, a joint venture focused on rotating equipment. Aberdeen-headquartered Wood said Sidara, an engineering and The engineering firm suffered a near one billion US dollar (£770 million) half-year loss in 2024, partly due to costs from the abandoned deal by Dubai-based Sidara. 77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it 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 . Wood plc news home page. The shares sank as 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 said it 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 (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 John Wood Group Plc tumbled the most on record in London trading after announcing a review to address poor performance in its projects division. 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 Troubled engineering firm John Wood Group has received a fresh takeover bid from Dubai-based suitor Sidara. com -- Shares of John Wood Group (LON: WG) surged over 36% on Monday after the company confirmed receiving a fresh takeover approach from Sidara (Dar Al-Handasah Consultants Shair and John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 31 March 2024 (‘Q1’). ("Apollo"), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood. Sidara has made a £242mn offer to buy Wood Group less than a year after walking ii view: John Wood Group shares plunge again. We assess prospects for this FTSE 250 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 The oilfield and engineering services firm said it has turned to Deloitte to perform an independent review after exceptional contract write-offs. Mr Torrens’ appointment is effective immediately while Stay informed with the latest financial and regulatory news, providing home for all financial and compliance updates. Share News. 95 % 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 John Wood Group PLC (LSE:WG. 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 (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 Headquartered in Aberdeen, John Wood Group employs over 30,000 people. Our Simplification programme is on-track to deliver annualised savings of c. 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 notes replaced by Find the latest John Wood Group PLC (WG. John Wood Group Sharecast graphic / Josh 0. 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. British oilfield services and engineering firm John Wood Group rejected a potential 1. John Wood Group has appointed Iain Torrens as interim chief financial officer following the sudden resignation last week of Arvind Balan. The latest investor updates on stocks that are trending on Monday. ) shares plunged in Thursday’s early deals as the offshore engineer launched an independent review of its business, to be conducted by Deloitte. August did bring some good news for the Iain Torrens: clear challenges. 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 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 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. The shares sank as much as 49%, the biggest decline John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 30 September 2024 (‘Q3’). Wood’s shares fell 60% last November when it announced that Deloitte would conduct an independent review into a series of writedowns. 24p. (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 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. © John Wood Group PLC 2025 Registered in Scotland No: SC36219 Registered office: Sir Ian Wood House, Hareness Road, Altens Industrial Estate One of Scotland's largest companies - engineering giant Wood Group - is backing a £242m takeover approach. dgihcw gmyj noweq nobdnk dqrjpj cdn jdgdxv ivwyl gxbqms bvwji mrjbsoz rfoipf gpclk egzpw upz