Wood Group Under Investigation by UK Financial Regulator
June 27, 2025 - 23:22
Wood Group has announced that the Financial Conduct Authority (FCA) is conducting an investigation into its operations covering the period from January 1, 2023, to November 7, 2024. While the company has not provided additional specifics regarding the nature of the review, it has expressed its commitment to fully cooperate with the FCA throughout the process.
In a parallel development, the FCA has acknowledged the investigation but has chosen not to disclose further details at this time. This scrutiny comes as Wood Group is also in the spotlight as a potential acquisition target for Dubai-based Sidara, adding another layer of complexity to its current situation.
The implications of this investigation could be significant for Wood Group, impacting its reputation and business operations as it navigates both regulatory challenges and potential changes in ownership. Stakeholders will be closely monitoring the situation as it unfolds.
MORE NEWS
August 12, 2025 - 00:09
Nvidia Aims for $20 Billion Revenue from China by 2026Nvidia is strategically positioning itself to secure a substantial revenue stream from China, projecting an impressive $20 billion in revenue for its fiscal year 2026. This ambitious target...
August 11, 2025 - 05:45
Company Achieves Record Revenue and Adjusted EBITDA in Q2 2025In a remarkable financial performance, the company reported a substantial 8.4% increase in total revenue, reaching a record high of $498.2 million for the second quarter of 2025, compared to $459.7...
August 10, 2025 - 17:11
Citizens Financial Services Reports Strong Earnings Growth in Q2 2025Citizens Financial Services has announced impressive financial results for the second quarter of 2025, showcasing a significant increase in earnings per share (EPS). The company reported an EPS of ...
August 10, 2025 - 12:33
Raymond James Financial: An Attractive Opportunity for InvestorsInvestors are often guided by the idea of discovering `the next big thing,` even if that means buying into speculative stocks. However, traditional financial companies like Raymond James Financial...