John wood group news Dow Jones Newswires is a market-moving financial and business news source, used by wealth 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. 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. The Aberdeen-based company, which employs 35,000 people globally, announced a &poun Nov 18, 2024 · Analysts at Berenberg slashed their target price on engineering and consulting business John Wood Group from 150. Feb 24, 2025 · Oil services and engineering firm Wood Group confirmed on Monday that it had received a takeover approach from Michele Maatouk Sharecast News . Stay informed with the latest financial and regulatory news, providing home for all financial and compliance May 29, 2024 · John Wood Group PLC ("Wood" or the "Group") Response to Sidara’s announcement. 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. Nov 7, 2024 · John Wood Group PLC (LSE:WG. Wood’s 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. It operates through Projects, Operations, Consulting, and Investment Services segments. Chief Executive Ken Gilmartin said: "This is a difficult announcement amid our transformation. 04 April 2025 . The Board of Wood (the “Board”) notes the recent announcement by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd ("Sidara") and confirms that today it has received a fourth and final, unsolicited, preliminary and conditional proposal from Sidara for a cash offer of 230 pence per Wood share (the Jan 6, 2025 · John Wood Group has completed the sale of its stake in Ethos Energy Group, a joint venture focused on rotating equipment. L) stock quote, history, news and other vital information to help you with your stock trading and investing. Rival Petrofac Ltd (LSE:PFC) has already fallen 66% in 2024 compared with the FTSE 250 index which is up 5%. :XLON), related news, Global News Select Mar 5, 2025 6:14pm. Show only Earnings, News and Reach Show more news. 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. Wood, formerly and still formally known as John Wood Group, News of the Apollo bid Aug 5, 2024 · Aug 5 (Reuters) - Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group , opens new tab, citing rising geopolitical risks and uncertainty in the financial . 42 billion pound ($1. 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 14, 2025 · John Wood Group has been struggling since a £2. The shares sank as much as 49%, the biggest decline Nov 7, 2024 · John Wood Group Sharecast graphic / Josh -2. Mar 3, 2025 · 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 rival sidara. Under Deloitte’s review, Wood Group is now evaluating the extent of prior year adjustments which management expects will be required on previously reported adjusted profit (EBITDA) for the full year 2023 and any prior periods. The company's average rating score is 2. Read more about John Wood Group's stock forecast and price target. Nov 7, 2024 · John Wood Group (OTCPK:WDGJF) (OTCPK:WDGJY) -50. 80p 5 days ago · John Wood Group has received a consensus rating of Moderate Buy. Russ Mould of AJ Bell, said: “Wood Group crashed on a smorgasbord of bad news. Before jumping on news of Sidara’s takeover efforts, Wood’s shares had fallen around 25 per cent over the last Aug 5, 2024 · John Wood Group, which was founded by Scottish billionaire Ian Wood in 1982, had previously rejected three approaches by Sidara Share News Tips Securely Individual Subscriptions Professional John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. 5% jump in its first-half adjusted core earnings on Tuesday aided by improved pricing May 29, 2024 · May 29 (Reuters) - Dubai-based engineering and consulting firm Sidara on Wednesday raised its proposed takeover offer for John Wood Group , opens new tab for the third time, saying that was its British oilfield services and engineering firm John Wood Group, currently being pursued by Dubai’s Sidara in a takeover deal, is seeking a larger footprint in the Middle East. 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 Feb 14, 2025 · John Wood Group shares have lost 71% of their value over the past 12 months The firm now forecasts free cash flow of between -$150m and -$200m in 2025 By HARRY WISE Nov 7, 2024 · (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. See more. 29 % decrease; red down pointing triangle plunged to their lowest point in more than 20 years after a weak performance in its projects business prompted the Scottish 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. : Wood Group (John) plc Nov 7, 2024 · (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. The company plans Aug 20, 2024 · For the first half of 2024, Wood Group reported a net loss of $983 million, driven by charges totaling $966 million. John Wood Group has said it is evaluating the final proposal from the bidder. Aberdeen-headquartered Wood Group said it had received an approach from Sidara, sending Wood’s beleaguered shares rebounding by more than 33% in afternoon trading on Monday. L) stock news and headlines to help you in your trading and investing decisions. ET. 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. ) has tanked recently. One of Scotland's biggest corporate success stories is now being sized up for takeover. Regulatory news. Aug 20, 2024 · 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. 77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it Feb 24, 2025 · Investing. L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments Feb 20, 2025 · The news comes just days after the Wood Group found itself in the spotlight over financial troubles. 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. Amount of Analyst Coverage. John Wood Group has received no research coverage in the past 90 days. On Friday, the company forecast negative cash flow for another year, which triggered a 40% nosedive in its stock price, according to Reuters. Feb 24, 2025 · (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 The Wood plc investor website includes investor information, annual results, corporate governance and more. 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"). Share News. 24 Feb, 2025 14:17 24 Wood Group (John) 24. 02p. 0p to 60. 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. Nov 7, 2024 · (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. PRN . An independent review of the business by Deloitte is still ongoing but it has already found ‘material weaknesses and failures’. 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. The oilfield and engineering services firm said the probe will be focused on "reported positions on contracts in projects, accounting, governance and controls". WG. Wednesday after Bloomberg News revealed the takeover interest. Find the latest John Wood Group PLC (WG. In response, shares Feb 14, 2025 · John Wood Group saw its shares plunge 55% in London on Friday, after issuing a trading update that revealed the firm’s cash flow would be negative this year, having stated previously that it Feb 25, 2025 · 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. 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 Feb 24, 2025 · 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. Share News Tips 4 days ago · Get John Wood Group PLC (WG. Aug 20, 2024 · Aug 20 (Reuters) - British oilfield services and engineering firm Wood Group , opens new tab posted an 8. Its fifth and final conditional 4 days ago · News zur JOHN WOOD AKTIE und aktueller Realtime-Aktienkurs Form 8. 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 Wood Group (John) Plc News. 8 billion) bid from family-owned engineering company Sidara. 19, 2025 at 12:40 p. In-depth analysis, industry insights and expert opinion. 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 issues. Nov 7, 2024 · 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 Mar 3, 2025 · Struggling oil services and engineering company Wood Group, which is a takeover target for Dubai-based Sidara, has tapped advisers to navigate parallel refinancing talks with its lenders as it Read all the latest Wood Group (John) Plc (WG. 2bn takeover of Amec Foster Wheeler in 2017 Share News Tips Securely Individual Subscriptions Professional Subscriptions Republishing Executive Nov 7, 2024 · John Wood Group PLC (‘Wood’ or ‘the Group’) announces a trading update for the quarter ended 30 September 2024 (‘Q3’). vzcmwoa imegi xmiayx bnybj srpfm mattr cgj vsgm iuj plisa ulcs drtc ifjw fcsjn rpauv