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 · Mar 4

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 · Mar 4

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 · Oct 15, 2025

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 · Aug 26, 2025

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 · Aug 26, 2025

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 · Jun 27, 2025

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 · Apr 14, 2025

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) · Apr 14, 2025

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 · Apr 14, 2025

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 · Mar 31, 2025