Could a Sidara takeover help crisis-hit Aberdeen firm Wood become engineering giant again?
Seven years ago, the Aberdeen-headquartered firm was worth more than £5 billion.
Wood Group
Wood extends Sidara takeover again
Aberdeen-based engineering firm Wood has extended the Sidara takeover deadline as its acquisition saga continues.
Troubled firm Wood says new North Sea contracts will support 500 Aberdeen jobs
The engineering group, which has seen its shares suspended, is also the subject of a takeover offer.
Wood misses annual results deadline, shares suspended
Aberdeen-headquartered oilfield services firm Wood is facing a temporary suspension from the London stock market after missing a deadline to publish its 2024 financial results.
Wood secures $11m Iraq contract from TotalEnergies
Aberdeen's Wood Group has secured two engineering and procurement contracts worth $11 million (£8.3m) from a TotalEnergies subsidiary relating to an Iraq gas project.
EVOL: Courting wood, grid zombies and Easter wake loss
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Former Wood Group director slams ‘screw up’ of perfectly good business
Downfall is result of 'very poor judgement' at the highest levels, according to former head of Wood group's engineering division, Mike Straughen.
Wood bargain Sidara sale process extended
A £240 million bid to buy Aberdeen's Wood Group has been extended as a deadline was due to be reached Thursday.
Aberdeen’s Wood ready to recommend non-binding takeover offer from Sidara to shareholders
Aberdeen-headquartered Wood has confirmed it has received a non-binding takeover bid from Dubai-based rival Sidara.
M&A and private equity: forces for good?
When it comes to the Scottish economy, and the energy sector in particular, I’ve become pretty much immune to bad news.
Wood shares plunge as report reveals ‘weaknesses and failures’
Wood shares have plummeted further after a review of contracts from prior years identified "material weaknesses and failures" in the financial culture of the Aberdeen-headquartered firm, the company has revealed.
Wood extends deadline for Sidara to make firm takeover bid
Aberdeen-based oil services group Wood has extended negotiations with Dubai-based Sidara to take over the company.
Wood re-enters takeover talks with Dubai firm Sidara
Aberdeen-headquartered Wood (LON:WG) has confirmed it has received a fresh approach from rival firm Sidara regarding a possible takeover bid.
Power Moves: SOWEC’s new co-chair and more
Claire Mack has joined the Scottish Offshore Wind Energy Council (SOWEC) as its new industry co-chair.
Wood CEO ‘disappointed’ in company finances
Wood (LON:WG) chief executive Ken Gilmartin has made a "difficult announcement" to shareholders as the firm published its latest trading update.
Wood lands ‘big win’ contact with Esso Australia
Aberdeen’s Wood (LON:WG) has landed a second contract with Esso Australia, a move that it claims will create 250 jobs.
Wood offloads stake in Ethos Energy to US private equity firm
Wood completes $138m deal to offload its controlling stake in Aberdeen’s Ethos Energy after “disappointing” third quarter.
Wood and Costain celebrate ‘monumental’ £4bn Teesside CCS bonanza
UK firms Costain Group (LON:COST) and Wood (LON:WG) have hailed the "monumental" projects starting after two landmark carbon capture and storage (CCS) projects in the North East of England got support to go ahead Tuesday.
Wood signs trio of new agreements with old customer BP
Energy services firm Wood (LON:WG) confirmed is has won three new contracts with BP (LON:BP), extending a decades-long relationship between the two firms.
Wood shares collapse as it orders investigation into contract write-offs
Wood (LON:WG) 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.
Wood wins million hours job in Saudi Arabia
Aberdeen's Wood (LON:WG) has won a contract with Saudi Arabia's giant Aramco (SA:2222) to help the Gulf state increase natural gas production.
Wood Group boss said lossmaking half year is a “story of transformation”
Ken Gilmartin said Wood is "made up of some of the most brilliant, fantastic, creative, dedicated people on the planet".
Wood Group unveils stinging $983million half year loss
Aberdeen's Wood Group (LON:WG) has revealed the hill it must climb as to turn around the business as it revealed total half year losses reaching nearly $1billion (£757m).
Sidara steps away from takeover as Wood shares collapse
Wood's share prices have dropped by almost 40% since Sidara announced it was stepping away from its takeover bid.
Wood’s ‘prospects are improving, but there is still some way to go’
Following Wood’s (LON: WG) latest trading update, shareholders will need evidence of improvement before another takeover bid is rejected, said RBC Brewin Dolphin.