British Energy Titans Tumble On Windfall Tax U-Turn

London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was flat this morning at 7,564.82 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.52 per cent to 20,354.82 points. Sunak yesterday launched a tax raid on oil and gas companies to transfer excess profits from the sector booked as a result of Russia’s invasion of Ukraine sending energy…