Wood: UK oil firm admits 'cultural failings' after it withheld figures from auditors

Shares nosedive at Wood Group after Deloitte review finds 'inappropriate management pressure'Business live - latest updatesThe UK oil services company John Wood Group has admitted that its financial results need to be restated, after a review found "cultural failings" led to information being withheld from its auditors.The FTSE 250-listed company said the independent review, carried out by Deloitte, also found "inappropriate management pressure" to stick with existing financial reports. Continue reading...