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The Latest Breaking News from Sidara

UK oil firm fined £13m for repeatedly publishing inaccurate financial results

Wood Group’s ‘desire to maintain previously stated financial results’ influenced inaccurate reporting, says regulator

The Guardian - UK

Engineering giant fined £13m by financial watchdog over inaccurate accounts

The UK firm was sold to Dubai-based firm Sidara late last year for £216 million

The Independent UK

Wood Group boss steps down ahead of vote on £216m takeover

Ken Gilmartin said on Wednesday that he will depart as chief executive officer of the Aberdeen-based energy and engineering services firm.

Evening Standard

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Banks hold FTSE 100 back on windfall tax worry

The FTSE 100 index closed down 29.48 points, 0.3%, at 9,187.34.

Evening Standard

Wood Group to be bought for £216m by Dubai’s Sidara

The Aberdeen-headquartered engineering and energy services firm said Sidara will pay 30p per share.

Evening Standard

Troubled Scottish engineering firm to sell North America division

A troubled Scottish engineering firm is to sell off its North American transmission and distribution business in a 110 million US dollars (£81.5…

The National (Scotland)

Wood Group to sell North American division for £81.5m

It comes days after Wood revealed a Dubai-based suitor for the group had reduced its takeover offer.

Evening Standard

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UK oil firm Wood Group could leave London listing as it moves closer to takeover

FTSE 250 company, which employs 35,000 people, further extends deadline for Sidara to make firm takeover offer

The Guardian - UK

Wood Group’s Dubai-based suitor lowers proposed bid

Aberdeen-headquartered Wood Group said it would be minded to accept a lowered offer at 30p a share.

Evening Standard

UK’s financial watchdog launches probe into troubled Wood Group

The Financial Conduct Authority’s probe will look into the period between January 2023 and November 2024.

Evening Standard

European shares rebound as markets ‘regain poise’ after volatility

London’s FTSE 100 rose 170.16 points or 2.14%, to close at 8,134.34, recovering some of the losses made over recent days.

Evening Standard

Huge Scottish engineering firm receives £242m takeover offer from UAE group

Troubled engineering firm John Wood Group has received a fresh takeover bid from Dubai-based suitor Sidara ...

The National (Scotland)

Wood Group receives £242m takeover offer from UAE’s Sidara

It comes almost a year after talks around a previous £1.56bn takeover approach from the Dubai-based network of companies collapsed.

Evening Standard

Wood Group warns over need to restate accounts after ‘weaknesses’ uncovered

The engineering firm said its full-year results would be delayed and it would likely have to suspend shares.

Evening Standard

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The Guardian - UK

UK oil firm admits ‘cultural failings’ after it withheld figures from auditors

Shares nosedive at Wood Group after Deloitte review finds ‘inappropriate management pressure’

Evening Standard

FTSE 100 treads water while Germany’s Dax makes gains after election

The UK’s blue-chip index dipped 0.39 points to close at 8,658.98.

The National (Scotland)

Huge Scottish engineering firm reveals new takeover bid from Dubai-based rivals

Troubled engineering firm John Wood Group confirmed that Dubai-based suitor Sidara has returned for a second takeover tilt ...

Evening Standard

Wood Group reveals fresh takeover approach from Dubai-based Sidara

The latest bid interest from Sidara comes after it walked away from a deal last August, blaming global market turmoil and geopolitical risks.

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news in one place.

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The National (Scotland)

Takeover of one of Scotland's largest engineering companies collapses

A TAKEOVER bid for one of Scotland’s biggest engineering firms by a Dubai based business has collapsed after months of negotiations ...

The Guardian - UK

Wood Group suitor pulls out of takeover, blaming market turmoil

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk

The Guardian - UK

Oil services company John Wood Group rejects £1.4bn takeover offer

Aberdeen-based firm listed on FTSE 250 knocked back unsolicited approach from Dubai-based Sidara

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