CLOSURE OF BUSINESS: Shell under pressure from hedge funds to separate; Lloyds’ profits nearly doubled; MEPs step up pressure on LV buyout
The FTSE 100 index closed 0.05% or 3.80 points lower at 7,249.47 this afternoon.
Royal Dutch Shell has chosen to distribute $ 7 billion to shareholders from the capital raised during the sale of its Permian assets, with the oil major pledging to halve its emissions by 2030.
It is coming under pressure from activist hedge fund Third Point Capital, which yesterday called for Shell’s disbandment.
Local MPs have urged members of Bournemouth-based LV to reject its £ 530million buyout by US private equity barons Bain Capital.
The three Tory MPs for the region told the Daily Mail that LV is a major local employer and part of the community, raising concerns about the ongoing sale of UK businesses to overseas companies and the prospect of relocating the region. attention from LV abroad.
British banks could be the most vulnerable to an economic collapse in China, according to data from the Bank for International Settlements.
UK lenders are China’s biggest creditors, according to the Basel group, with around £ 187 billion in loans tied up in the country at the end of June, an increase of more than 20% since late 2019.
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Shell is under pressure from investor Third Point Capital who called for the dismantling of the oil major