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
May 26, 2026 - 03:32
JGBs Fall on Possible Technical CorrectionJapanese government bonds edged lower in early Tokyo trading on Tuesday, with traders pointing to a possible technical correction after the previous session`s price gains. The yield on the...
May 25, 2026 - 02:50
Rosie Gets Candid on Her and Rich's Finances Amid Questions From Kelsey (EXCLUSIVE)In a new exclusive interview, RHORI star Rosie DiMare got real about the financial side of her marriage to Rich DiMare. The conversation comes after co-star Kelsey Swanson publicly questioned how...
May 24, 2026 - 22:15
Global Oil Demand Is Shrinking and Prices Are Still Above $90. These Are the Energy Stocks Built to Survive That Paradox.Global oil demand is starting to shrink, yet crude prices stubbornly hover above $90 a barrel. It sounds like a contradiction, but for the biggest energy companies, this paradox is turning into a...
May 24, 2026 - 03:23
Your Money: Affordability, inflation and your financial planInflation has been dominating the headlines for months, but what most people are actually feeling in their daily lives is something different: affordability pressure. There is an important...