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Evening Standard

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Anna Wise

UK’s financial watchdog launches probe into troubled Wood Group

Wood Group Wood United Kingdom Financial Conduct Authority Sidara

Aberdeen-based Wood Group provides oilfield and engineering services (Alamy/PA) -

Engineering giant Wood Group is being investigated by the UK’s financial watchdog following an independent review which unearthed “cultural failings” with its accounting practices.

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

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