Tullow Oil

Markets

Tullow, Centrica among Europe’s worst stocks of 2019

It’s been a pretty good year for European stocks. The benchmark Stoxx Europe 600 Index is set for an annual gain of about 24%, more than recovering from a selloff in 2018, and the gauge is set to end the year near a record high.

Opinion

Tullow fails corporate governance 101

The $1.7 billion hit to Tullow Oil Plc’s market value on Monday — a 65% drop — provides a stark reminder of why bosses shouldn’t stay too long at the top. The hydrocarbon producer has been stubbornly overoptimistic about its prospects. Reality has now dawned, and it turns out the London-based group is in an extremely tight position.