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Story summary
- The Financial Conduct Authority fined John Wood Group £12.9 million for publishing inaccurate financial results from January 2023 to November 2024.
- The FCA cited "cultural failings" that led to misleading information being kept from auditors.
- The company will be acquired by Dubai-based Sidara for £216 million, far below the £1.58 billion offer, and it states it cooperates with the FCA and is implementing a remediation plan.
