Hunting PLC (HTG.L)
Mon, Jun 29 2020
June 29 Oilfield services group Hunting Plc has cut its workforce by a fourth as low oil prices and weak demand slammed most of its business units in the second quarter, the company said on Monday.
June 29 Oil industry manufacturer and services provider Hunting Plc said on Monday it has cut 25% of its workforce, citing a decline in trading within most of the group's businesses during the second quarter due to lower oil prices.
* HUNTING PLC - RAPID ACTION TO ADDRESS COST BASE IMPLEMENTED, WITH ANNUALISED SAVINGS OF CIRCA.$60M CAPTURED
Feb 27 Oil industry manufacturer and services provider Hunting Plc reported a small drop in its annual core profit on Thursday, as weak North American shale activity countered strong performances in Asia Pacific and the Middle East.
Feb 27 British oilfield services provider Hunting Plc reported a small drop in its annual core profit on Thursday, as strong performance in its Asia Pacific and Middle East operations offset weak North American shale activity.