Stock price of FTSE 250 firm falls 37% in early trading after Dubai engineer Sidara cites geopolitical risk and market uncertainty
The 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…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…