Tycoon's £50m charity launched

Sir Ian Wood was awarded a knighthood in 1994.

A £50m charitable trust has been officially launched by a well-known Aberdeen oil tycoon.

The Wood Family Trust, set up by Sir Ian Wood and relatives, is aimed at helping developing countries as well as young people in Scotland and the UK.

Sir Ian said: "There is a huge imbalance between the 'haves' and 'have nots' around the world."

Sir Ian is chairman of the multi-million pound energy services firm John Wood Group.

It is one of the UK's largest energy services companies and employs about 20,000 staff in 44 countries.

Sir Ian has chaired the firm since 1982 and was awarded a knighthood in the 1994 honours list.