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

As well as disastrous M&A, there’s the painful lack of it. Two potential suitors have declined to acquire Wood in recent years. The highest of these offers was from Apollo in May 2023, which valued ...

Arvind Balan said he decided to step down to minimize “distraction at this very pivotal time with our investors and lenders.” ...

The chief financial officer of an Aberdeen-based firm has quit after he made “incorrect descriptions of his professional ...

British oilfield services and engineering firm Wood Group's Chief Financial Officer Arvind Balan stepped down from his role with immediate effect on Wednesday, following an incorrect description of ...

Engineering firm John Wood Group announced that it has accepted the resignation of its chief financial officer (CFO) following the "incorrect description" of his professional qualifications.

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.

The company, which has more than 6,000 staff in the UK, declined to comment on whether the savings plan would include job ...

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

Wood Group said it is initiating steps to “significantly” strengthen its financial culture, governance and controls after a review identified “material weaknesses and failures.” In a trading update, ...