UK's Hunting slumps after cutting annual profit forecast

Hunting

21/08/2026 08:17

** Shares of energy services firm Hunting Group HTG.L down about 18.9% at 384p
** Stock top loser on the FTSE mid-cap index .FTMC which is up 0.3%
** Co cuts FY core profit guidance citing an estimated $10 mln impact from delays to a major Kuwait Oil Company tender process
** Expects 2026 core profit between $138 mln - $141 mln, down from previous guidance of $145 mln - $155 mln
** YTD, HTG up about 6.6%


 (Reporting by Jahanvi Kothari in Bengaluru)
 ((jahanvi.kothari@thomsonreuters.com))