UK's Hunting jumps on higher profit, share buyback programme

Hunting

05/03/2026 08:29

** Shares of British energy services firm Hunting HTG.L up 6.1% at 542p

** Stock top gainer on the FTSE mid-cap index .FTMC, which is down 0.4%

** Co posts higher FY adj pretax profit of $79.7 mln vs $75.6 mln in prior year

** Announces intention to complete a further $40 mln share buyback programme

** Says other operational & centralised cost savings are being pursued, expected to result in additional savings of ~$15 mln per annum by 2028

** YTD, stock up ~41.27%

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))