STOCK WATCH

■ HURRICANE Energy shares hit a two-month high after the firm repaid all its debts.

The oil and gas explorer, which owns assets off the west coast of Shetland, announced it had repaid £65.2m worth of bonds and £1.2m in interest.

The repayment means the company is debt free, with boss Antony Maris saying the repayment was a ‘key milestone’ for the group.

Hurricane flagged that it had ‘significant cash on hand’.

The shares surged 16.6pc, or 1.2p, to 8.45p.