Business & Investment

BUSINESS LIVE: Shell hands $ 7 billion to shareholders in a fire

BUSINESS LIVE: In a fire, Shell hands shareholders $ 7 billion. MPs increase pressure on LV acquisitions.Warning about UK bank exposure to China


The Royal Dutch Shell has chosen to distribute $ 7 billion to shareholders from the capital raised from the sale of Permian assets, as oil majors have promised half of their emissions by 2030.

It comes under pressure from activist hedge fund Third Point Capital, which demanded the dissolution of Shell yesterday.

A local MP has asked Bournemouth-based LV members to refuse the £ 530m acquisition by American private-equity baron Bain Capital.

Three Conservative lawmakers in the region told the Daily Mail that LV is an important local employer and part of the community, with the continued sale of British companies to foreign companies and the focus of LV. He expressed concern about the prospect of moving abroad.

British banks may be the most vulnerable to China’s economic collapse, according to data from the Bank for International Settlements.

UK lenders are the largest creditors to China, and the Basel-based group detained approximately £ 187 billion in loans in China at the end of June, an increase of more than 20% from the end of 2019.

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Shell is under pressure from investor Third Point Capital demanding the dissolution of an oil major

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BUSINESS LIVE: Shell hands $ 7 billion to shareholders in a fire

https://www.dailymail.co.uk/money/markets/article-10139543/BUSINESS-LIVE-fire-Shell-hands-7bn-shareholders.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 BUSINESS LIVE: Shell hands $ 7 billion to shareholders in a fire

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