12th Nov 2013 08:56
LONDON (Alliance News) - Energy services company Hunting PLC Tuesday said overall trading had improved since the first half of its financial year, but some businesses are still reporting mixed trading, with demand in Canada and Europe remaining subdued due to the rescheduling of drilling programmes in these regions.
In a trading update, the company said it remained confident of a strong finish to the year. It said North American demand is strong on both offshore and shale markets, while its Middle East and Asia Pacific units are also reporting good results.
It said it is also encouraged about its medium-term outlook after recent talks with customers indicated that the industry is set to raise capital expenditure.
Hunting shares were down 4.1% at 826.5 pence early Tuesday, one of the biggest falls on the FTSE 250.
By Steve McGrath; [email protected]; @SteveMcGrath1
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