The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHarbour Energy Share News (HBR)

Share Price Information for Harbour Energy (HBR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 309.20
Bid: 308.10
Ask: 308.50
Change: 0.00 (0.00%)
Spread: 0.40 (0.13%)
Open: 307.00
High: 309.20
Low: 304.00
Prev. Close: 309.20
HBR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: abrdn tipped to return to FTSE 100, Harbour to drop out

Wed, 23rd Nov 2022 06:22

(Alliance News) - A short time after being booted out of London's flagship stock market benchmark, abrdn PLC may return, according to indicative index changes provided by FTSE Russell on Tuesday.

The investment company is expected to be joined among London's FTSE 100 by engineering company Weir Group PLC. Veterinary products firm Dechra Pharmaceuticals PLC and oil producer Harbour Energy are indicated to drop out of the FTSE 100, according to FTSE Russell.

In the FTSE 250, Digital 9 Infrastructure PLC is indicated to join, at the expense of gambling firm 888 Holdings PLC.

The indicative changes are based on market capitalisation on Friday. The results of the upcoming index review will be released next week Wednesday, using data as at market close on the day before.

abrdn dropped out of the FTSE 100 in September, following results from a quarterly index review announced on August 31. Since the results of that review were announced, the stock has risen 35%.

Based on market data as of Tuesday, it is the largest FTSE 250 constituent with a market capitalisation of GBP4.14 billion, behind insurer Beazley PLC's GBP4.32 billion and Weir's GBP4.59 billion.

Weir itself dropped out of the FTSE 100 in September 2021, rounding off a short stint among London large-caps. It had only joined in March 2021.

With market values of GBP2.51 billion and GBP3.13 billion, Harbour and Dechra are the smallest FTSE 100 constituents.

Windfall tax fears have hit Harbour's stock. Shares are 34% lower since the start of September. They rose 4.7% on Tuesday, however.

Dechra, meanwhile, has lost 22% since the end of August. The company has struggled to match pandemic-boosted earnings growth since Covid-19 restrictions have eased.

Digital 9 Infrastructure suffered an 11% share price fall on Tuesday, giving it a market capitalisation of GBP775.4 million. The investment fund. focused on digital infrastructure, has a larger market value than around 50 London-listed mid-caps, including 888's GBP436.5 million.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
22 Nov 2022 09:07

LONDON MARKET OPEN: Oil stocks lift FTSE 100; China concerns persist

(Alliance News) - London's FTSE 100 index was outperforming on Tuesday morning as a rising Brent price lifted its heavyweight oil stocks, while other equities were shaken by further Covid measures in China.

Read more
21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Nov 2022 09:49

LONDON BROKER RATINGS: Goldman Sachs raises Tritax Big Box to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
17 Nov 2022 18:27

UK hits power firms with windfall tax, hikes oil company levy

Windfall tax on oil and gas companies rises to 35%

*

Read more
17 Nov 2022 17:01

LONDON MARKET CLOSE: FTSE 100 ends lower despite post-budget rebound

(Alliance News) - London's FTSE 100 made a stellar recovery in the final hours of trading after suffering early afternoon malaise in the wake of the Chancellor's autumn statement.

Read more
17 Nov 2022 13:49

Britain targets energy efficiency with consumption cut goal

LONDON, Nov 17 (Reuters) - Finance minister Jeremy Hunt said he wanted Britain to cut its energy usage by 15% by 2030 to help reduce bills, catching up with European neighbours which are already prioritising measures to counter spiralling prices.

Read more
17 Nov 2022 13:01

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,555) a year from April after he reined in the scale of support for gas and electricity, but kept a price cap until 2024.

Read more
17 Nov 2022 12:28

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,554.70) a year from April after he reined in his predecessor's vast support package for gas and electricity bills.

Read more
17 Nov 2022 12:17

Britain's Hunt sets out plans to reduce energy consumption by 15% by 2030

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt on Thursday said he wanted the country to become more energy efficient, outlining a new goal to reduce energy consumption by 15% over the next eight years to save money.

Read more
17 Nov 2022 11:48

UK's Hunt increases energy windfall tax

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a hole in the public finances.

Read more
14 Nov 2022 16:55

LONDON MARKET CLOSE: Europe ends higher but New York struggles

(Alliance News) - European equities surrendered some afternoon gains but made a bright start to the week on Monday, shaking off hawkish noise from the US Federal Reserve, while investors waited with bated breath for the outcome of talks between the leaders of the world's two leading economies.

Read more
10 Nov 2022 17:01

LONDON MARKET CLOSE: Cooling US inflation triggers risk-on rally

(Alliance News) - Equities in Europe were celebrating a cooler-than-expected US CPI print on Thursday, which gave rise to hopes that peak inflation in the US has passed.

Read more
3 Nov 2022 16:51

LONDON MARKET CLOSE: FTSE 100 outperforms, FTSE 250 falls after BoE

(Alliance News) - The FTSE 100 outperformed on Thursday, supported by a struggling pound, but the more domestic-focused FTSE 250 slumped as the Bank of England warned of a lengthy UK recession.

Read more
3 Nov 2022 09:59

LONDON BROKER RATINGS: Peel Hunt reinitiates Tullow Oil with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
3 Nov 2022 09:58

Harbour Energy expects annual output in upper half of guidance

(Alliance News) - Harbour Energy PLC on Thursday reported a rise in production but reduced capital expenditure guidance, due to the late arrival of drilling rigs and weaker pound.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.