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Windfall tax weighs on oil and gas investors as UK stocks dive
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Shares in independent UK oil-and-gas companies have plunged since the UK government hit them with a new 25% tax, a move that is expected to put billions of pounds into the Treasury’s coffers.
The valuation of some of the most-affected UK-focused names dropped by as much as 20% between 26 and 27 May, as investors digested the impact of the new Energy Profits Levy on these companies.
The...
Read more on fnlondon.comAbout this in other media
Windfall tax weighs on oil and gas investors as UK stocks dive fnlondon.com /2 years ago
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