Jitters over global recession send FTSE 100-listed industrial giants lower July 21, 2022 Jitters over a slowdown in the global economy pulled industrial stocks lower today, taming gains on London’s FTSE 100, but Frasers group boosts mid-cap index. The capital’s premier index edged 0.09 per cent higher to 7,270.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Happy as a clam: Shell raises value of oil and gas assets as refining soars July 7, 2022 Shell has announced it will reverse up to $4.5bn in write-downs on oil and gas assets after raising its energy prices outlook.
Kremlin orders seizure of gas facility which Shell has 27 per cent stake in worth £3.4bn July 1, 2022 Russia’s President Vladimir Putin has ordered the seizure of a gas facility in the county which UK firm Shell has a 27 per cent stake in. The Kremlin signed a decree to take control of rights of the Sakhalin-2 plant, which will be transferred into Russian hands. This comes as Moscow continues to come under [...]
Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’ May 27, 2022 Shell has slammed the government’s windfall tax. It said while it “understands the worry for millions” about the cost of living crisis, the new tax creates “uncertainty” about investment in the UK energy sector. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and [...]
London-listed energy giants shake off windfall tax jitters May 26, 2022 London-listed energy firms shook off concerns over the impact of a looming windfall tax on their excess profits during opening exchanges this morning. The capital’s premier FTSE 100 index edged 0.09 per cent higher to 7,529.53 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Shell’s climate plans backed by shareholders despite activist disruption May 24, 2022 Shareholders have backed Shell’s climate transition plans in a crucial vote at the energy giant’s annual general meeting in London.
Shell AGM underway again after activist disruption as shareholders prepare for key climate votes May 24, 2022 Shell's annual general meeting is underway again after it was delayed for nearly three hours following protests from climate activists.
‘Shell must fall!’ Climate activists storm AGM and put event on hold May 24, 2022 Shell has confirmed to Morning Wire it has "paused" its AGM after it erupted into chaos this morning after activists stormed the stage.
Total chaos at Shell’s AGM as 70+ activists bring meeting to complete standstill with CEO fleeing the building May 24, 2022 Shell CEO Ben van Beurden has left the oil major’s annual general meeting, after a battalion of protestors brought proceedings to a complete standstill for over 40 minutes. A battalion of around 70 environmental protestors entered Methodist Hall this morning, chanting “Shell must fall!”, as the Anglo-Dutch oil firm launched its AGM. The protestors, who [...]
Shell set to sell Russian petrol stations May 13, 2022 UK-based oil giant Shell has announced it will sell its petrol stations in Russia as it continues plans to exit the country.