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The Latest Breaking News from Wood

Wood Group to be bought for £216m by Dubai’s Sidara

The Aberdeen-headquartered engineering and energy services firm said Sidara will pay 30p per share.

Evening Standard

Troubled Scottish engineering firm to sell North America division

A troubled Scottish engineering firm is to sell off its North American transmission and distribution business in a 110 million US dollars (£81.5…

The National (Scotland)

Wood Group to sell North American division for £81.5m

It comes days after Wood revealed a Dubai-based suitor for the group had reduced its takeover offer.

Evening Standard

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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

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

What are the Prospects for Lumber Prices?

Lumber is a leading industrial commodity as it is required for new homes and infrastructure building. While lumber futures are traded on the Chicago Mercantile Exchange, the contracts are often illiquid, which increases the likelihood of extreme price fluctuations. In August 2025, lumber prices have risen but remain significantly below…

Barchart

Cathie Wood's $21 Million Tuesday Move: Peter Thiel's Crypto Play Gets Boost In Ark Portfolio

Cathie Wood-led Ark Invest made significant trades on Tuesday with notable activity in Bullish (NYSE:BLSH), Robinhood Markets Inc. (NASDAQ:HOOD), and Tempus AI Inc. (NASDAQ:TEM).

Benzinga

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Alphabet Gains Momentum as Sentiment on Wall Street Improves

Alphabet's latest earnings beat expectations and helped ease concerns around its AI and search strategy, sparking renewed investor confidence.

MarketBeat

Cathie Wood Goes On A $20M Bitmine Immersion Bargain Hunt As Ark Trims Robinhood And Palantir Stakes

On Monday, Cathie Wood-led Ark Invest made significant trades, including a notable purchase of Bitmine Immersion Technologies Inc. (BMNR) shares. The investment firm also increased its holdings in Alphabet Inc. (NASDAQ:GOOG) and NVIDIA Corp (NASDAQ:NVDA), while reducing its stake in Robinhood Markets Inc. (NASDAQ:HOOD) and Palantir Technologies Inc (NASDAQ:PLTR).

Benzinga

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

Ian Callum's Reimagined Mini Is Our New Favorite Restomod

In a world where bigger is often better, it's nice to see the classic Mini continue to thrive. There's a new limited-run restomod available, a collaboration between Callum design, from famed designer Ian Callum, and the firm behind the Margrave Mini from the 1960s, Wood and Pickett. And the very…

Motor1

Cathie Wood Just Dumped $97 Million in Palantir Stock. Should You Sell PLTR Too?

Palantir is a high-flying tech stock that trades at a lofty multiple in May 2025. Is PLTR stock still a good buy?

Barchart

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)

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

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Evening Standard

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.

The Guardian - UK

UK oil firm admits ‘cultural failings’ after it withheld figures from auditors

Shares nosedive at Wood Group after Deloitte review finds ‘inappropriate management pressure’

Evening Standard

Wood Group extends takeover talks with UAE suitor Sidara

Sidara now has until April 17 to come up with a firm offer or walk away.

The National (Scotland)

Huge Scottish engineering firm reveals new takeover bid from Dubai-based rivals

Troubled engineering firm John Wood Group confirmed that Dubai-based suitor Sidara has returned for a second takeover tilt ...

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news in one place.

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Evening Standard

Wood Group reveals fresh takeover approach from Dubai-based Sidara

The latest bid interest from Sidara comes after it walked away from a deal last August, blaming global market turmoil and geopolitical risks.

The Independent UK

Wood Group extends cost-cutting drive and cancels employee bonuses

The company, which has more than 6,000 staff in the UK, declined to comment on whether the savings plan would include job cuts.

The Texas Tribune

Why oil and gas companies want state oversight for carbon dioxide injection

Environmentalists are worried the state — known for a lax approach to regulation — is not prepared for the added responsibility of regulating certain carbon capture projects.

Barchart

Cathie Wood Just Sold $15 Million of Palantir Stock. Should You Sell PLTR Too?

After a nearly 300% rally over the last year in Palantir shares, it seems Wall Street may be cooling down on the AI darling.

Barchart

How Is International Paper Company's Stock Performance Compared to Other Timber Stocks?

Despite International Paper’s outperformance compared to the broader timber industry in 2024, Wall Street analysts remain cautiously bullish about the stock’s potential.

Barchart

Can Lumber Sustain a Recovery?

Physical lumber prices have recovered after a significant Q2 decline as the market expects lower inflation to lead to falling short-term interest rates. However, the peak construction season will be in the rearview mirror in the coming months, so the wood futures market may have to wait until spring 2025…

The National (Scotland)

Takeover of one of Scotland's largest engineering companies collapses

A TAKEOVER bid for one of Scotland’s biggest engineering firms by a Dubai based business has collapsed after months of negotiations ...

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