Wood Group shares slump as it launches write-offs review
Thursday, 7 November 2024
Wood Group shares nosedived 55 per cent today after the engineering firm unveiled a Deloitte-led review of its operations, sparking investor concern. The review, launched in response to recent large-scale project write-offs, will assess the firm’s contract accounting and governance. It may also potentially lead to financial restatements. The review was announced alongside a trading [...]
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