Shell review of energy retail division puts 2,000 jobs at risk
27th Jan 2023 07:46
(Sharecast News) - The future of 2,000 Shell workers is in doubt after the energy giant unveiled a "strategic review" of its domestic energy and telecoms supply division.
Read moreShell to pay $2bn in windfall tax in Q4
6th Jan 2023 07:36
(Sharecast News) - Oil giant Shell said on Friday that it expects to pay $2bn in windfall tax for the final quarter of 2022.
Read moreSunday newspaper round-up: Dividend payments, Beijing, Dow Jones
25th Dec 2022 17:58
(Sharecast News) - AJ Bell believes that dividend payments by FTSE 100 companies will hit a record £85.8bn in 2023, for an 8% increase in comparison to 2022 and far above the £61.8bn low plumbed during Covid-19. According to analysts cited by the broker, that was in spite of estimates for slower profit growth, which was expected to come to a halt in 2024. In fact, dividends of £90.9bn were projected for 2024. Nonetheless, just 20 names would account would account for 72% of the total in 2022 with Shell, Glencore, Rio Tinto and British American Tobacco at the top of the leaderboard for payouts. - Financial Mail on Sunday
Read moreOctopus, Shell sign supply deal on Dogger Bank wind farm
15th Dec 2022 10:57
(Sharecast News) - UK power supplier Octopus Energy said it has signed a power purchase agreement with Shell Energy for up to 2.4 terawatt hours (TWh) per year from the Dogger Bank offshore wind farm project.
Read moreAnnouncement of 'major' breakthrough in nuclear fusion expected on Tuesday
12th Dec 2022 13:48
(Sharecast News) - Scientists in the US achieved a net energy gain through a fusion reactor for the first time ever, a potential breakthrough in attempts to harness the limitless source of clean energy.
Read moreEU coalescing around $60 per barrel price cap on Russian crude oil exports
1st Dec 2022 14:57
(Sharecast News) - European Union member states were nearing a consensus on the level for the block's price cap on Russian crude oil exports centred on the $60 barrel mark.
Read moreSector movers: Financials and Oil pace gains, China in the spotlight
29th Nov 2022 21:30
(Sharecast News) - Financials and Miners paced gains in the stock market on Tuesday following news that authorities in China wanted to strengthen vaccination rates among those over 80.
Read moreOil prices fall sharply on Chinese unrest
28th Nov 2022 12:36
(Sharecast News) - Oil prices fell on Monday, as rare social unrest in China weighed heavily on both equities and commodities.
Read moreEU fails to agree on Russian oil price cap, talks set to continue
24th Nov 2022 05:32
(Sharecast News) - European Union ambassadors failed to agree on the exact level of a proposed price cap on exports of Russian crude oil overnight.
Read moreUS and EU set to announce price cap for Russian oil on Wednesday
23rd Nov 2022 10:59
(Sharecast News) - Washington and its allies were set to announce the level of the price cap for exports of Russian crude oil on Wednesday.
Read moreChinese buyers pause some purchases of Russian crude ahead of price cap details
22nd Nov 2022 10:18
(Sharecast News) - Chinese buyers of Russian Eastern Siberia Pacific Ocean crude oil had paused their purchases ahead of the expected announcement of Washington's proposed oil price cap.
Read moreWednesday preview. Fed meeting minutes, Johnson Matthey in focus
22nd Nov 2022 10:03
(Sharecast News) - The market spotlight on Wednesday was expected to be on the release of the minutes of the US central bank's most recent policy meeting.
Read moreGoldman says bear market 'not yet over'
22nd Nov 2022 09:10
(Sharecast News) - Goldman Sachs expected global equities to begin moving into a new bull market in 2023 - but from lower levels.
Read moreSector movers: Oil stocks drag amid concerns around Chinese reopening
22nd Nov 2022 02:59
(Sharecast News) - Big Pharma and Utilities paced gains at the start of the week, as investors shifted towards defensive issues following reports of the first Covid-19 deaths in China since the end of the second quarter, which stoked concerns that Beijing might slow the reopening of its economy.
Read moreBP quarterly profits surge
1st Nov 2022 07:00
(Sharecast News) - BP Group reported a surge in quarterly profits on Tuesday, well ahead of City expectations, after Russia's invasion of Ukraine pushed oil and gas prices to historic highs.
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