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The Independent UK
The Independent UK
Business
Henry Saker-Clark

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

Wood Group FCA Sidara Reeves United Kingdom Dubai the Financial Conduct Authority
Aberdeen-based Wood Group’s shares are currently suspended - (Danny Lawson/PA)

Wood Group, the energy and engineering services giant, has been hit with a £13 million fine from the UK's financial regulator for disseminating misleading information within its financial reports.

The Financial Conduct Authority (FCA) confirmed that the Aberdeen-headquartered firm's full-year results for 2022 and 2023, alongside its half-year figures for 2024, contained the erroneous data.

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