Wood Group extends cost-cutting drive and cancels employee bonuses - The company, which has more than 6,000 staff in the UK, ...

Engineer’s shares plunge 34% after signalling negative free cash flow despite previously saying it would be positive ...

The oil and gas engineering giant fell by 55.6 per cent to 29p as it revealed cost cuts, which will include cancelling ...

The beleaguered engineering giant said it is initiating steps to "significantly" strengthen its financial culture, governance and controls after a review ...

Wood Group said it is initiating steps to “significantly” strengthen its financial culture, governance and controls after a review identified “material weaknesses and failures.” In a trading update, ...

For Sunday’s Daytona 500, two generations and the current leadership group of Wood Brothers Racing will serve as Honorary ...

Shares in Wood Group were tanking on Friday morning, after it flagged weaker-than-expected fourth-quarter trading in an ...

Following these actions, the business will be on a firmer operational footing, but cash generation has yet to materialise and ...