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: 297.60
Bid: 290.00
Ask: 401.00
Change: 0.00 (0.00%)
Spread: 111.00 (38.276%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 297.60
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 Jun 2022 17:06

UK shares drop as inflation spikes to 40-year high

June 22 (Reuters) - UK shares fell on Wednesday after inflation in the country touched a 40-year-high in May, adding further pressure on the Bank of England to raise interest rates, while falling crude and metals prices sent commodity-linked stocks tumbling.

Read more
22 Jun 2022 08:50

LONDON MARKET OPEN: Momentum lost as recession worries resurface

(Alliance News) - London shares snapped a two-day winning streak early Wednesday, as investors grew once again cautious over central bank tightening and recession risks, ahead of remarks from the head of the US central bank.

Read more
21 Jun 2022 19:27

Harbour Energy CEO warns of lower UK investment due to windfall tax

LONDON, June 21 (Reuters) - The North Sea's biggest oil and gas producer, Harbour Energy, has told the British government that Britain's planned windfall tax on the energy sector will shrink the company's investment in the country.

Read more
21 Jun 2022 15:53

Harbour Energy CEO warns of lower UK investment due to windfall tax

LONDON, June 21 (Reuters) - The British North Sea's biggest oil and gas producer, Harbour Energy's, has told the UK government that a proposed windfall tax on the sector will shrink the company's investment in the country.

Read more
17 Jun 2022 17:06

LONDON MARKET CLOSE: Stocks mixed as big oil weighs on FTSE 100

(Alliance News) - Stocks in London ended mixed on Friday amid growing fears that inflation-fighting interest rate hikes by central banks could trigger recessions.

Read more
16 Jun 2022 09:18

Harbour Energy launches USD200 million share buyback programme

(Alliance News) - Harbour Energy PLC on Thursday said it has begun a buyback programme to reduce its share capital.

Read more
14 Jun 2022 17:04

LONDON MARKET CLOSE: US Fed likely to mull 75 basis-point rate hike

(Alliance News) - Stocks in London ended lower on Tuesday with investors seemingly cautious as the US Federal Reserve's policy meeting gets underway as concerns arise that interest rates will be raised aggressively this year in a bid to rein in inflation.

Read more
13 Jun 2022 09:33

LONDON BROKER RATINGS: Upgrades for Rolls-Royce and Euromoney

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

Read more
1 Jun 2022 19:17

No Jubilee celebration for FTSE 100 dropouts Royal Mail and ITV

June 1 (Reuters) - Royal Mail and broadcaster ITV will lose their spots on Britain's benchmark FTSE 100 equity index after their respective valuations plunged this year.

Read more
30 May 2022 10:06

LONDON BROKER RATINGS: Numis cuts Flutter to reduce; RBC lowers DCC

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

Read more
27 May 2022 17:03

LONDON MARKET CLOSE: Stocks rise as key US inflation measure moderates

(Alliance News) - Stocks in London ended higher on Friday after data showed a key measure of US inflation eased, fuelling hopes that price increases could be slowing.

Read more
27 May 2022 16:58

UK equities record best week since mid-March

May 27 (Reuters) - The FTSE 100 inched higher on Friday, recording its best weekly showing since mid-March, although oil and gas stocks came under renewed pressure after the UK government's windfall tax plan this week.

Read more
27 May 2022 12:15

LONDON MARKET MIDDAY: Markets upbeat ahead of US inflation print

(Alliance News) - London's FTSE 100 index edged higher midday Friday, overcoming a subdued start and subsequent see-saw trade, while peers in Europe were more comfortably in the green, continuing post-Federal Reserve minutes gains which started earlier in the week.

Read more
27 May 2022 10:34

Harbour, EnQuest and Serica shares slump on UK windfall tax

LONDON, May 27 (Reuters) - Shares in British North Sea oil and gas producers Harbour, EnQuest and Serica slumped on Friday, a day after the British government announced a windfall tax on domestic hydrocarbon companies.

Read more
26 May 2022 16:28

UK imposes 25% energy windfall tax to help households as bills surge

LONDON, May 26 (Reuters) - Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for households struggling to meet soaring energy bills.

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.