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Holly Williams

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

Wood Group Wood Sidara

Wood Group shares have tumbled once again as the firm said it was set to suspend shares after warning it would restate accounts following ‘cultural failings’ uncovered in a review (Danny Lawson/PA) - (PA Wire)

Wood Group shares have tumbled once again as the firm said it was set to suspend shares after warning it would restate accounts following “cultural failings” uncovered in a review.

The troubled engineering and oilfield services firm said it was expecting to make “material” adjustments to previous financial statements and its balance sheet for the past three financial years.

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