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Evening Standard

Business

Henry Saker-Clark

Wood Group fined £13m by watchdog over inaccurate accounts

Wood Group FCA Aberdeen the Financial Conduct Authority United States

Oil and gas engineering firm John Wood Group has seen its shares jump higher after revealing it has decided to “engage” with its US private equity suitor to firm up an offer after a £1.7 billion takeover approach. (Alamy/PA) -

Energy and engineering services firm Wood Group has been fined £13 million by the UK finance watchdog for publishing inaccurate information in its accounts.

The Financial Conduct Authority (FCA) said the Aberdeen-based company published the inaccurate information in its full-year results for 2022 and 2023, as well as in half-year figures for 2024.

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