Shell anticipates ‘significantly lower’ gas trading as investors ‘sit on hands’ July 7, 2023 Shell said it anticipates “significantly lower” gas trading in its second quarter results, but questions remain about the energy titan’s claim it’s linked to ‘seasonality’. Ahead of their 27 July results, the firm claims its expected dip was down to “seasonality” in the market, while stressing that the performance would be “in line” with the [...]
Shell boss warns cutting oil and gas production would be ‘dangerous’ July 6, 2023 The boss of Shell has warned that slashing oil and gas production now would be “dangerous and irresponsible."
Barclays, Shell and BP feel the heat as activist investors launch record green campaigns July 4, 2023 Shell, BP and Barclays have felt the wrath of activist investors this year as corporate pressure campaigns are launched in record numbers across Europe, new research shows. The number of activist campaigns in Europe has climbed each month this year to a total of 25 campaigns by May, fuelled by a spike in environmental campaigns [...]
Ofgem clamps down on firms handing out dividends without secure finances July 4, 2023 Ofgem will step in against suppliers that hand out dividends to shareholders before recapitalising, warned the watchdog's boss.
Shell urged to set up Ukraine fund after Russian ‘blood money’ trading July 4, 2023 Shell is facing calls to set up a repair fund for war-torn Ukraine after continuing to trade in Russian LNG following the country's invasion.
Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion June 27, 2023 Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.
Rishi Sunak ‘in touch with allies’ about Wagner group rebellion in Russia June 24, 2023 Prime Minister Rishi Sunak said he is in touch with allies about the armed rebellion led by the Wagner mercenary group in Russia, which UK defence officials have described as “the most significant challenge” to the Kremlin in recent times. Russian President Vladimir Putin called the actions of the private military company a “betrayal”, after [...]
Wagner group rebellion call marks ‘most significant challenge’ to Russia – MoD June 24, 2023 An armed rebellion led by the Wagner mercenary group marks “the most significant challenge to the Russian state” in recent times, according to UK defence officials. Russian President Vladimir Putin called the actions of the private military company a “betrayal”, after its chief Yevgeny Prigozhin vowed to topple Moscow’s military leadership. In its latest intelligence [...]
Church of England to pull investment from fossil fuel companies June 22, 2023 The Church of England is pulling its investment from fossil fuel companies because they are failing to align with the Paris Agreement, the Archbishop of Canterbury has said. By the end of the year, the Church said it will have removed its £10.3 billion endowment fund from all oil and gas companies unless they are [...]
AstraZeneca: Britain’s biggest FTSE firm drafts plans to spin off Chinese business – reports June 19, 2023 AstraZeneca, London’s biggest listed company, is looking at plans to spin off its Chinese businesses to protect it from geopolitical tension, according to a report. Citing people familiar with the situation, the Financial Times said the British-Swedish drugs giant has been in talks with bankers for several months. When contacted by the PA news [...]