UK oil major Wood Group to axe 200 jobs March 21, 2024 The company currently employs around 6,500 in the UK, most of whom are in Aberdeen.
Oil engineer Wood Group sees profit lift as order book strengthens January 12, 2024 Oil industry services company Wood Group has posted a near double-digit profit uptick on the back of a bevvy of major contract wins.
US firms set to pounce on City’s low valuations as London M&A rebounds January 8, 2024 UK takeover activity is expected to pick up in 2024 as US giants look to snap up their British peers, according to investment bank Peel Hunt, after the market struggled with a dearth of dealmaking last year.
Wood Group sustains outlook after new deals with Harbour Energy and Shell November 9, 2023 Wood Group has sustained its robust full-year outlook, having renewed its order book with some "excellent contract wins" over its third quarter of trading.
Wood Group wins £261m deal to service Harbour Energy’s North Sea operations September 4, 2023 Wood Group has entered into a new strategic partnership with Harbour Energy to service its North Sea operations.
Wood Group bids to win back investors with boosted revenues after failed Apollo deal July 13, 2023 Wood Group has posted robust revenues and gross profits, as it bids to win back the approval of shareholders.
John Wood Group confirms talks with Apollo as it extends deadline for takeover bid April 17, 2023 John Wood Group has confirmed it will hold talks with Apollo to see if a firm offer can be made on the same terms as its fifth takeover bid.
Wood Group forks out £97m to settle historic litigation case November 14, 2022 John Wood Group and its energy subsidiary Amec Foster Wheeler Energy are to fork out $115m (£97.6m) to settle a legacy litigation case with US energy services provider Enterprise. All parties have agreed on the settlement fee, which will be paid in one instalment within the next week, Wood Group announced this morning. Enterprise filed [...]
Wood Group posts flat revenue but confident performance will improve in second half August 23, 2022 Engineering firm Wood has posted flat revenue after a decline in its projects and operations arms. In half year results for the six months ended 30 June 2022, the London-listed firm posted revenue of $2,561m, down 0.4 per cent on the $2,570m in the comparable period in 2021. Adjusted EBITDA fell 5.1 per cent to [...]
Wood Group returns to revenue growth as bosses promise of more gains to come July 7, 2022 Wood Group has returned to revenue growth of $3.2bn (£2.6bn) over the past six months following strong demand in its consulting and operations and a billion-dollar disposal. While the FTSE group noted a decline in projects in the six months ended 30 June, it hailed a strong order book, which has grown 18 per cent [...]