STOCK WATCH

ENQUEST was one of the best performing mid-cap stocks, leaping 11pc, or 3.25p to 32p after it denied a newspaper report claiming it was in talks with the Oil and Gas Authority about a deal to rescue the firm from insolvency.

The Sunday Telegraph had reported that the Oil and Gas Authority is ‘mulling action to tackle the risk of insolvencies among struggling oil groups Enquest and Premier Oil’.

Enquest said it ‘is not involved in any company-specific discussions such as were implied by the article’.