John Wood Group saw its shares plunge 55% in London trading, after the firm revealed that its cash flow would be negative for ...

Wood Group extends cost-cutting drive and cancels employee bonuses - The company, which has more than 6,000 staff in the UK, ...

Shares in Britain's John Wood Group plummeted 40% on Friday after the engineering firm forecast negative cash flow for another year, after a series of updates that dashed hopes of a turnaround.

Shares in the Aberdeen-based company slumped by more than a third to 43.2p by late Friday morning, taking their losses over ...

The oil and gas engineering giant fell by 55.6 per cent to 29p as it revealed cost cuts, which will include cancelling ...

Chief executive tries to focus on positives but admits 2024 trading update was 'difficult' announcement to make ...

Wood Group shares have plunged 31 per cent in early deals this morning after a Deloitte review identified “material ...

John Wood Group has been struggling since a £2.2bn takeover of Amec Foster Wheeler in 2017 left it with high debts and legal liabilities © John Wood Group John Wood ...

Oil and gas engineering giant Wood Group (WG.L) has cancelled employee bonuses and declined to rule out job cuts, after saying it needs to significantly extend a cost reduction plan. The company ...

Wood Group carries out engineering and consulting work on oil rigs, among other things (Danny Lawson/PA) Oil and gas engineering giant Wood Group has cancelled employee bonuses and declined to ...