Stock price of FTSE 250 firm falls 37% in early trading after Dubai engineer Sidara cites geopolitical risk and market uncertaintyThe share price of British oil services company John Wood Group has plunged by more than a third after a Dubai-based suitor pulled out of a purchase amid global market turmoil.Engineering company Sidara on Monday said it had pulled out of a bid for Wood “in light of rising geopolitical risks and financial market uncertainty”, in a statement to the stock market. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/05/shares-in-uks-john-wood-group-nosedive-after-buyer-pulls-out-blaming-market-turmoil
Author : Jasper Jolly
Publish date : 2024-08-05 11:07:43
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Shares in UK’s John Wood Group nosedive after buyer pulls out blaming market turmoil
