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Jeremy Hunt announced the Energy Profits Levy would be prolonged by another 12 months to March 2029, which he estimates will raise an extra £1.5billion for HM Treasury.
London stocks were still firmer by midday on Thursday as investors shrugged off data confirming the UK fell into recession in the second half of last year.
On Thursday, the Mib closed trending just below the parity line at 34,700 points, breaking a long bullish streak as trading rooms keep a close watch on -- in addition to various corporate reports --...
London’s equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.
Ithaca Energy has stakes in both of the oil fields.