By Toby Sterling and Ron Bousso ROTTERDAM/LONDON (Reuters) – Royal Dutch Shell PLC shareholders voted overwhelmingly on Friday in favour of a plan to end the company’s dual share structure and move its headquarters to London from The Hague. With roughly 58% of outstanding shares cast, a preliminary tally showed 99% of shareholders supported a …
Royal Dutch Shell shareholders back plan to shift to London Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy barely grew in October, even before the emergence of the Omicron coronavirus variant, further denting expectations that the Bank of England (BoE) will raise interest rates next week for the first time since the pandemic struck. Gross domestic product edged up by just 0.1%, …
UK economy almost flatlined in October, adding to rate hike doubts Read More »
AMSTERDAM (Reuters) – In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company’s headquarters and its tax home to Britain. Chairman Andrew Mackenzie announced the preliminary results, with 57.9% of outstanding shares cast and more than 99% in support of the plan. The final tally …
Shell shareholders vote for move to Britain -preliminary results Read More »
(Reuters) – Oil and gas firm Neptune Energy said on Friday Chief Executive Officer Jim House had decided to retire from his role at the end of the month, and would be succeeded by the company’s vice president for Europe operations, Pete Jones. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)
LONDON (Reuters) – Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell’s decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused. Siccar, which owns 70% of Cambo, said: “Shell remains 30% joint venture partner” and that discussions with …
Siccar Point CEO says Cambo oilfield project paused after Shell exit Read More »
LONDON (Reuters) – Genel Energy will start arbitration for “substantial claims” against Iraqi Kurdistan over the regional government’s termination of production sharing contracts (PSC) in August for its Bina Bawi and Miran gas projects, the firm said on Friday. A spokesperson for Genel, whose production is focused on the Iraqi Kurdistan region, declined to comment …
Genel Energy to start arbitration claim against Iraqi Kurdistan Read More »
LONDON (Reuters) – The British public’s expectations for consumer prices over the coming year rose sharply last month but were little changed looking further ahead, a Bank of England survey showed on Friday. Inflation expectations for the year ahead rose jumped to 3.2% from 2.7% in August and 2.4% in May, according to the survey, …
UK public inflation expectations jump for year ahead – BoE survey Read More »
MILAN (Reuters) – The pace of growth in Italian bank lending to businesses slowed further in October, falling to its new lowest level since Feb. 2020, data showed on Friday. A monthly Bank of Italy report on the balance sheets of domestic banks showed loans to non-financial companies were up 0.6% year-on-year in October, slightly …
Growth in Italian bank loans to firms edges down in October Read More »
By James Davey LONDON (Reuters) -Primark has not seen much impact on shopper numbers so far from the emergence of Omicron with trading ahead of expectations, its owner Associated British Foods said on Friday, two weeks after Britain raised concerns about the coronavirus variant. Primark’s like-for-like sales improved in the first two and a half …
UK fashion store Primark sees limited Omicron impact as trade climbs Read More »
LONDON (Reuters) – London’s Heathrow Airport said it was seeing high levels of business travellers cancelling over concerns they could be trapped overseas by travel restrictions triggered by the new Omicron variant of coronavirus. The airport said demand in November was down 60% on pre-pandemic levels, despite the United States reopening to transatlantic travel earlier …
London’s Heathrow says business travellers cancelling over Omicron Read More »
