Wood Group

Aberdeen-based energy services operator Wood Group has reported robust trading for H1 with revenues expected at £2.2 billion, a 15% increase compared to the same period the previous year. Adjusted EBITDA is predicted to rise by 6% to approximately £147 million, reflecting favourable perf

Scottish engineering and consulting firm Wood Group has secured a two-year contract extension, worth approximately £197 million ($250 million), with Brunei Shell Petroleum (BSP), the largest energy producer in Brunei.

Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company's share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company's stock market value.

Aberdeen-headquartered Wood Group's board has confirmed it is considering Apollo Global Management's fifth acquisition proposal for 240p per share, which was put forward earlier in the month.

Apollo Global Management has submitted a final acquisition bid for Aberdeen-based energy services provider Wood Group.

The deadline for acquisition talks between Wood Group and Apollo Global Management has been extended to 19 April from 22 March.

Wood Group has rejected a fourth cash offer from Apollo Global Management to acquire the entire share capital of Wood.

Wood Group's share price has been given a boost after the Aberdeen-based firm rejected three preliminary takeover proposals from US private equity firm Apollo Global Management.

In its latest trading update, John Wood Group has revealed it expects to book a 3% rise in underlying annual revenue to $5.4 billion (£4.4bn) despite a $275 million (£226m) hit from currency fluctuations, for its 2022 results. This is keeping in line with forecasts.

Wood Group has posted a $89 million (c.£76m) profit for the six months ended 30 June 2022, up from an $11m (c.£9m) loss for the same period last year. The group's H1 2022 revenue has fallen marginally by 0.4% to $2.56bn (c.£2.17bn) from $2.57bn (c.£2.18) in H1 2021. However,

Aberdeen-based engineering and project management firm Wood Group has secured a UK Government-backed loan worth £430 million to boost its green initiatives. The funding is part of the new UK Export Finance (UKEF) guarantee which aims at helping exporters through the “energy transition&rd

Wood Group is aiming to settle long-running investigations into bribery allegations by paying out about $197 million. The engineering company confirmed yesterday that it will pay almost $9 million to Scotland’s Civil Recovery Unit.

Healthcare tech company Craneware has appointed David Kemp, the chief financial officer of Aberdeen oil services company Wood Group, to its board. Mr Kemp has been appointed to the board as an independent non-executive director and will join on March 1st this year.