Tullow recovers on debt hopes

Issue 435 - 25 Mar 2021

Tullow Oil moved back into the London Stock Exchange’s FTSE 250 index in early March, after its share price strengthened in line with a higher oil price and amid optimism about its debt. Tullow’s restoration to the index follows the cancellation of smart meter installer Calisen’s listing after it was taken private. Tullow was dropped from the FTSE 250 in March 2020, when its shares were suffering from a combination of a sharply lower oil price and the company’s own woes.

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