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Oil services company John Wood reports improved profitability

Contrasting fortunes through Q1, but a promising outlook retained for 2025
May 9, 2024
  • Revenues down, but margins up
  • New business at the operations segment

John Wood Group (WG.) delivered a mixed first-quarter trading update a day after it rebuffed a prospective £1.42bn takeover approach from Sidara, a Dubai-based engineering and consulting group.

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