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flag Wood Group faces financial reporting issues, causing a 30% drop in shares and talks of a takeover.

flag Wood Group, a Scottish oil services company, faces significant financial reporting issues after an independent review by Deloitte. flag The review found cultural failures and weaknesses in financial management, leading to unreliable information for auditors. flag The company's shares have dropped nearly 30% and trading is suspended until its FY24 accounts are published by April 30. flag Wood Group is also in talks for a potential takeover by Sidara.

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