Shell to ditch retail energy arm as suitors circle its 1.5m UK customers June 6, 2023 Shell has confirmed it has decided to exit its home retail energy businesses in the UK, Germany and the Netherlands.
FTSE 100 close: US recession jitters outweigh oil price surge on London index June 5, 2023 London’s FTSE 100 lost momentum in the afternoon session today after new data revealed the US economy is wilting under the weight of the Federal Reserve’s interest rate hikes. The capital’s premier index slipped 0.1 per cent to 7,600 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Offshore: 1,650 workers to strike in sector’s biggest walkout – following Shell and BP’s £11.7bn profits May 23, 2023 Around 1,650 North Sea offshore contractors will begin two new rounds of 48-hour strike action in what a trade union said is the biggest walkout in the sector so far. The workers are striking in an increasingly bitter dispute over jobs, pay and conditions in the offshore sector, Unite said. The union says BP and Shell recorded [...]
Shell AGM: Tense meet disrupted by climate protestors who target chair Andrew MacKenzie May 23, 2023 Climate change protesters have tried to storm the stage at oil giant Shell’s annual shareholder meeting in London. In a tense moment in the meeting, which had already been delayed for nearly an hour, security stepped in to prevent a protester reaching chairman Sir Andrew Mackenzie and other board members on stage. Dozens of protesters [...]
Morning in the City! Live updates on public finances, Shell AGM and John Allan May 23, 2023 Welcome to City A.M.’s live blog on Tuesday 23 May, as Shell prepares for its AGM, and the Square Mile wakes up to a shock resignation.
God vs Big Oil: Church of England loses faith in Shell’s climate plans ahead of AGM May 9, 2023 The Church of England will vote to oust Shell's chief executive Wael Sawan and chairman Sir Andrew Macenzie.
Markets: Three things we learned this week May 5, 2023 This week the markets had a lot to digest, bumper energy profits, the tail end of the banking sector’s latest round of results, and a rate rise from the Federal Reserve. There was also some positive house price data, which gave the FTSE 100 a spring in its step. With Coronation weekend looming we take [...]
FTSE 100 close: London index slips despite Shell rising after posting £7.6bn profit May 4, 2023 London’s FTSE 100 tumbled today despite investors piling into Shell after it launched a fresh buyback funded from its huge first quarter profits. The capital’s premier index fell 1.04 per cent to 7,707.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.62 per [...]
Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices May 4, 2023 Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.
Shell to pay £400m in windfall taxes this year after bumper first quarter earnings May 4, 2023 Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.