Harbour Energy shares tumble as profit wiped out by windfall tax Business Harbour Energy shares slumped on Thursday after the North Sea producer swung to an annual loss. The stock tumbled more than eleven per cent in early deals as the London-listed company reported losses of $93m (£72.1m), down from a prior year profit of $45m. North Sea producers have hit out at the UK’s windfall tax, [...]
Mark Kleinman: Hold the Telegraph front page – then hold it some more Opinion Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles the Telegraph bid, Mike Ashley’s failed Boohoo approach and an oil deal in the North Sea I suspect you’d have got long odds on January 1 on the auction of The Daily [...]
Harbour Energy returns to profit despite falling revenue and cash flow Business Harbour Energy has returned to the black on Thursday despite the largest UK-based North Sea oil and gas firm suffering a dip in revenue and cratered free cash flow. The producer had been a victim of the energy profit levy imposed off the back of energy price spikes in 2022, with the 75 per cent [...]
Harbour Energy ups dividend despite £1bn tax hit May 9, 2024 Harbour Energy has hiked its dividend by nine per cent for the year off the back of better cash flows.
Harbour Energy records drop in revenue and production as windfall tax weighs March 7, 2024 Harbour's chief executive said the tax all but "wiped out" the firm's profits in 2022
UK gas glut slashes one quarter off Harbour Energy’s returns sheet January 18, 2024 The FTSE250 company, Harbour Energy, which is now the largest independent oil producer in the North Sea, has projected 2023 revenues to come in at $3.9bn, down 27 per cent from $5.4bn in 2022.