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BUZZ-Hunting Plc: Low oil prices take bite out of H1 results

Reuters - UK Focus

** Oilfield services company's shares nosedive as much as 7 pct to 402p after it reported a 79 pct fall in H1 underlying profit and cut its dividend in half

** H1 rev fell 30 pct and co cut jobs and took cost cutting measures as weakness in oil and gas exploration bites

** Stock at bottom of FTSE 250 midcap index with half its daily avg volume traded in the first 20 minutes

** Stock biggest loser on FTSE all share oil equipment and services index (abhiram.nandakumar.thomsonreuters.com@reuters.net)