Struggling UK oilfield services and engineering firm Wood Group has received a fresh takeover proposal from Dubai-based Sidara. The proposal values the company at £242 million, with the potential for
Struggling UK oilfield services and engineering firm Wood Group has received a fresh takeover proposal from Dubai-based Sidara. The proposal values the company at £242 million, with the potential for
Experts warn that the forthcoming early election poses a significant threat to the North Sea oil industry. Labour’s pledge to expand the Government’s windfall levy is anticipated to accelerate the
North Sea engineering group turns down third takeover offer valued at £1.5 billion.
Overall, the AIM All-Shares Index closed the week down by half a percent, underperforming against the FTSE 100 and FTSE 350 indices, which both closed around half a percent higher.