17th Mar 2026 09:06
Hunting PLC - London-based provider of equipment and engineering services to oil and gas industry - Starts on Tuesday the USD40 million share buyback programme announced with its annual results earlier this month. Hunting says the buyback will be run by Canaccord Genuity Ltd and completed by March 2028. The USD40 million programme follows the completion of a USD60 million buyback that had been started in August last year. All shares repurchased will be cancelled to reduce equity.
Hunting swung to pretax profit of USD65.5 million in 2025 from a USD33.5 million loss in 2024, while adjusted pretax profit increased by 5.4%.
Current stock price: 483.00 pence for GBP748.6 million market capitalisation
12-month change: up 69%
By Tom Waite, Alliance News editor
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