Wood Group

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Wood Group has appointed Iain Torrens as interim chief financial officer (CFO). Mr Torrens will also join the company’s board as an executive director, effective immediately. His appointment is interim while the company conducts a comprehensive search process for a permanent CFO, followin

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Wood Group has announced plans to accelerate asset sales to raise up to $200 million (c. £158m), following a trading update revealing "material" weaknesses in governance and a weaker-than-expected Q4 performance.

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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. The Aberdeen-based company, which employs 35,000 people globally, announced a &poun

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Aberdeen-headquartered Wood Group has announced the sale of two non-core businesses, EthosEnergy and CEC Controls, expected to generate net proceeds of approximately $165 million (c. £125m) in 2024.

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Wood Group reported a significant pretax loss of almost $1 billion (c. £770m) in the first half, primarily due to an impairment charge related to its 2017 acquisition of Amec Foster Wallace. Despite this, the company remains optimistic about its future, with CEO Ken Gilmartin emphasising plans

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Aberdeen company John Wood Group saw its share prices plummet as Dubai-based potential buyer Sidara abandoned a takeover deal. The Dubai-based engineer Dar Al-Handasah, known as Sidara, had been pursuing the firm for several months.

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