Wood plc news Feb 14, 2025, 04:35pm EST. August did bring some good news for the 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 turnaround. Wood Group (John) PLC 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. Mar 31, 2025 · Wood Group (LSE:WG. Nov 19, 2024 · Partnering with trusted industry leaders, like Wood, is important to us for delivering sustained value and staying at the forefront of asset reliability and integrity. 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. A Wood Group press release announcing Balan’s appointment in October 2023 described him as a “chartered accountant” with an MBA from the Indian Institute of Management. L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments John Wood Group plc is a United Kingdom-based Order book disclosure is aligned with the IFRS definition of revenue and does not include Wood’s proportional share of joint venture order book. 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 4 days ago · 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. 2 billion between 30 September 2024 and 31 December 2024 on the back of some major contracts. The company reports lower EBITDA and EBIT than expected, but improved order book and cost savings. Posted. 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 Martin Simmonite, Senior Vice President of Operations, UK at Wood said: “The new alliance continues to build on our long-term relationship with bp and complements our multi-regional engineering services contract that was awarded to Wood in 2022. 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. Europa Partners (Joint Financial Adviser to Wood) | 020 7451 4542. The Aberdeen-based company, which employs 35,000 people globally, announced a &poun Feb 25, 2025 · The FTSE 250-listed Wood, which offers oilfield and engineering services, saw its shares plummet 80% over the past year, reducing its stock market value to just over £200m – a stark contrast to Nov 7, 2024 · The board of UK-headquartered engineering and services provider Wood has agreed to commission Deloitte to perform an independent review of its operations following “exceptional” contract write 5 days ago · Shares provides unbiased commentary, ideas, views and news on stocks, funds, pensions and savings. The shares sank as much as 49%, the biggest decline 4 days ago · Get John Wood Group PLC (WG. Ken Gilmartin, Chief Executive Officer. It operates through Projects, Operations, Consulting, and Investment Services segments. 5 days ago · It also follows Sidara, an engineering consultancy in Dubai, recently offering a £242 million takeover of Wood Group, with Wood’s Board “minded to recommend” the deal, according to the BBC. 6% plunge in its share price last Friday to 29p in response to a weak trading statement and an update on a review Jun 5, 2024 · 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 acquire the entire issued and to be issued ordinary share capital of Wood at a final price of 230p 1 per share in cash (the "Final Proposal"). Wood’s 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. ("Apollo"), regarding a possible cash offer to acquire the entire issued and to be issued ordinary share capital of Wood. Feb 24, 2025 · Sidara, which abandoned its previous plans, has made a fresh approach following the collapse of Wood Group's shares in recent weeks, the Financial Times first reported, citing two people close to the discussions. Feb 14, 2025 · Aberdeen company Wood has seen another dramatic collapse in its share price – dropping by more than 30%. ) revealed it is launching cost-cutting action, to cleave some $145 million of overhead in the coming years. 8 billion) bid from family-owned engineering company Sidara. The company also said it is in talks with lenders and Sidara over its future. . 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. Jul 3, 2024 · John Wood Group PLC ("Wood") Extension to Put up or Shut up Deadline. May 8, 2024 · John Wood Group Plc said it rebuffed a £1. Cenosco was featured 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 is no longer bound by the restrictions under Rule 2. Marla Storm and Michael Rasmuson will join Wood as Chief Human Resources Officer (CHRO) and Group General Counsel respectively. Attribution. Nov 7, 2024 · Shares of Aberdeen-based consulting and engineering giant Wood plc fell as much as 60% on Thursday after the firm said it agreed to commission an independent review to be performed by Deloitte “f ollowing the exceptional contract write-offs relating to the exit from lump sum turnkey and large-scale EPC reported at the half year 2024 results. ” Jan 20, 2025 · 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. 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. Feb 19, 2025 · British oilfield services and engineering firm Wood Group's Chief Financial Officer Arvind Balan stepped down from his role with immediate effect on Wednesday, following an incorrect description May 8, 2024 · A Bloomberg report on Sidara weighing a bid had sent shares of FTSE 250-listed , opens new tab Wood up as much as 26% earlier in the day. Shares of Wood Group have lost more than 60% of their value since the start of the year through Friday's last close, and more than 85% since Sidara walked away from the previous May 9, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 31 March 2024 (‘Q1’). The engineering firm, which employs 35,000 people, has revealed a “difficult” and May 1, 2024 · The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood’s successful completion of a field study and front-end engineering design (FEED) and includes the coordination of operations, procurement and design aspects for the Elgin asset. Sidara will be required to Dec 5, 2024 · Wood, a global leader in consulting and engineering, has signed three major agreements with bp to provide engineering and project delivery services for their capital projects worldwide. 14 Feb, 2025 08:42 14 Feb, 2025 08:21. Feb 14, 2025 · John Wood Group shares nosedived on Friday as the oilfield services firm warned of negative free cash flow and acknowledged a tough quarterly performance. 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 20, 2025 · Before joining the Wood Group, Balan served in finance leadership roles at Rolls-Royce and Shell. Find out the latest news and insights from Wood plc, a global leader in engineering and consultancy. 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. 8 of the Code that were in place following its announcement on 5 August 2024 that it did 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. These appointments follow the retirement of Wood’s . On 5 June 2024, the Board of Wood (the "Board") announced its decision to grant Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") access to due diligence materials in order to explore whether a firm offer could be made on the same financial terms as the fourth proposal submitted to the Board and These financial worries overwhelmed positive news on Wood's order book, which grew from $5. 1bn, and the company was looking at “all potential refinancing options” as debt facilities approached maturity in October 2026, it said. 24 Feb, 2025 14:17 24 Feb, 2025 14:39. Our teams will work with bp to realise operational improvements, enhance efficiency and continue Shares of Aberdeen-based engineering and consulting giant John Wood Group fell as much as 50% to around 31p on Friday after it published a “difficult” trading update for the year ended December 31, 2024 — and an update on an ongoing independent review at Wood by Deloitte. 6% to more than a one-year high of 185. Order book is presented as an indicator of the visibility of future revenue. An independent review of the business by Deloitte is still ongoing but it has already found Feb 14, 2025 · Robert Olsen is a journalist covering transatlantic business news. This 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. 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. Simon McGough, President, Investor Relations. Nov 7, 2024 · The oilfield and engineering services firm said it has turned to Deloitte to perform an independent review after exceptional contract write-offs. Shares in the Aberdeen-based company Feb 19, 2025 · Wood has had a difficult few days following the 55. 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. 00 % 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 Wood, a global leader in consulting and engineering, is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilisation and Storage (CCUS) projects. EthosEnergy currently employs c. Feb 14, 2025 · Shares in Wood Group have tumbled by 31% this morning following revelations from a Deloitte review that uncovered "material weaknesses and failures" within the company. The review will also look to determine whether any prior results need to be restated. 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. ) said it will not publish its 2024 accounts by 30 April 2025 after a review by Deloitte found "material weaknesses and failures" in its financial culture and controls. Shares closed down 60% 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 Aug 28, 2024 · Wood expects net cash proceeds of around $95 million upon completion, expected by the end of 2024, as well as repayment of its loan notes on maturity. Morgan Cazenove (Joint Financial Adviser and Joint Corporate Broker to Wood) | 020 3493 8000 Mar 31, 2025 · Wood Group shares have tumbled once again as the firm said it was set to suspend shares after warning it would restate accounts following ‘cultural failings’ uncovered in a review (Danny Wood PLC announces its FY24 results, an independent review of its Projects business unit, and its updated outlook and refinancing plans. 3,600 people globally and contributed $34 million of adjusted EBITDA to Wood’s results (per Wood definition) in 2023, with no revenue recognised in Wood’s results. Feb 14, 2025 · Shares in Wood Group were tanking on Friday morning, Josh White Sharecast News . 4 billion to $6. Apr 14, 2025 · Wood takeover - good news or another loss for Scottish business? Attribution. Wood Group shares tank on 'difficult' trading update Nov 7, 2024 · Wood Group shares were in freefall on Thursday as the oil services firm announced the launch of an independent review of its business that could lead to restatements and said third-quarter trading 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. 15 April 15 Apr. Feb 14, 2025 · John Wood Group PLC (LSE:WG. Jan Skarbek, David Fudge. Note 13: Headcount is a measure of total employees working for Wood, including Wood employees and contractors. Proactive news team spans the world’s key finance and Feb 14, 2025 · Wood’s net debt stands at about $1. They were up 12. Shares in John Wood Group WG 0. Follow Author. Feb 24, 2025 · Britain's struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago Stay informed with the latest financial and regulatory news, providing home for all financial and compliance updates. Scotland. Iain Torrens, Interim Chief Financial Officer. Great investment tools with live data. 97 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. Wood, founded by Ian Wood, in 1982, is one of the world’s leading consulting and engineering companies, operating across a range of critical Apr 14, 2025 · Wood | 07850 978 741. The firm has acknowledged the need to "significantly" bolster its financial culture, governance, and controls after the review's findings, as reported by City AM. P. " Recognised Digital Leaders. Both Wood and Cenosco have been spotlighted in Verdantix’s Green Quadrant 2024 for their industrial asset management prowess. Filter by market, geography, date and more to get relevant information. A resource for staying ahead on all things Wood plc 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. Engineering giant Wood backing £242m takeover bid. 4 billion ($1. Wednesday after Bloomberg News revealed the takeover interest. Wood Group said it expects lower underlying earnings for 2024, projecting EBITDA of 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. J. Shares closed down 60% Iraq gas contracts worth $11M secured by Wood Group Iraqi News 13:30 Mon, 21 Apr Former Wood Group director slams ‘screw up’ of perfectly good business The Press and Journal 06:04 Fri, 18 Apr 1 day ago · 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 has completed the sale to One Equity Partners for a final net cash consideration of $138 million, with $42 million of prior planned loan Feb 14, 2025 · Russ Mould, investment director at AJ Bell, noted: “Wood Group crashed on a smorgasbord of bad news. Sidara made a 230 pence-a-share approach to Wood in May Feb 24, 2025 · Oil services and engineering firm Wood Group confirmed on Monday that it had received a takeover approach from Dubai’ Michele Maatouk Sharecast News . Aug 5, 2024 · On 29 May 2024 Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") announced that it had submitted to the Board of Wood a fourth proposal to acquire the entire issued and to be issued ordinary share capital of Wood at a final price of 230p per share in cash (the "Final Proposal"). ggtqwmjwfjyzikbrsfqamftltcdjofsmxzxbrkwgmgcmpklkjxegdfygkzirsqqchqqhsiqeqxbvwsy