City & Finance
■ THINGS went from bad to worse at Hurricane Energy as it told shareholders there had been a fault at its North Sea oil and gas field. A pump caused a blip in production on Tuesday before restarting at a reduced rate. The problem is being investigated. The news came a day after the minnow confirmed a one-off meeting had been scheduled for July 5, when an activist investor wants to unseat five board members and install two of its own in their place. Shares in the AIM-listed group, which traded at more than 50p two years ago, fell 6.6pc, or 0.08p, to 1.12p.