STOCK WATCH

■ HURRICANE Energy reassured investors its hunt to find a buyer is ‘progressing’.

The oil and gas firm, which put itself up for sale earlier this month, said there has been ‘multiple expressions of interest received from credible counterparties’.

It started a formal sale process, having told shareholders that a previous takeover offer was too low.

Hurricane also said its windfall tax bill should be less than £4.2m for 2022. Shares rose 6.4pc, or 0.49p, to 8.2p.