Advertisement
UK markets closed

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • FTSE 250

    19,601.98
    -117.39 (-0.60%)
     

  • AIM

    752.90
    -1.79 (-0.24%)
     

  • GBP/EUR

    1.1651
    +0.0007 (+0.06%)
     

  • GBP/USD

    1.2493
    +0.0030 (+0.24%)
     

  • Bitcoin GBP

    51,255.95
    -416.36 (-0.81%)
     

  • CMC Crypto 200

    1,382.75
    +0.17 (+0.01%)
     

  • S&P 500

    5,016.61
    -55.02 (-1.08%)
     

  • DOW

    37,906.52
    -554.40 (-1.44%)
     

  • CRUDE OIL

    82.49
    -0.32 (-0.39%)
     

  • GOLD FUTURES

    2,342.50
    +4.10 (+0.18%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • CAC 40

    8,016.65
    -75.21 (-0.93%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

UK's Hunting says profit sinks 76 pct in five months on oil woes

Reuters - UK Focus

July 2 (Reuters) - Oilfield services company Hunting Plc (LSE: HTG.L - news) said profit from operations slumped 76 percent in the first five months, hurt by a drop in global rig counts and continued decline in the oil and gas market.

The company said a 56 percent drop in North American rig counts, coupled with a 12 percent fall in international rig counts since the start of the year has heavily impacted historical purchase volumes.

Hunting expects profit from operations to decline in the range of 50 percent to 75 percent for the year compared with last year. (Reporting by Aastha Agnihotri in Bengaluru; Editing by Gopakumar Warrier)