23 Mar 2020 08:21
TOP NEWS: Shell Cuts Costs And Slashes Spending; Suspends Buyback
TOP NEWS: Shell Cuts Costs And Slashes Spending; Suspends Buyback
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Don't have an account? Click here to register.23 Mar 2020 08:11
LONDON BRIEFING: Shell To Slash Up To USD4 Billion In Spending
LONDON BRIEFING: Shell To Slash Up To USD4 Billion In Spending
Read more23 Mar 2020 07:45
UPDATE 3-European stocks back in red as virus spread feeds recession fears
* UBS sees Europe economy shrinking by 4.5% in 2020* Travel and leisure stocks lead declines* Energy stocks sole gainers on Total, Shell (Updates to close)By Ambar Warrick and Sagarika JaisinghaniMarch 23 (Reuters) - European shares fell again on Mo...
Read more23 Mar 2020 07:31
REFILE-UPDATE 2-Shell cuts 2020 spending by $5 bln, suspends share buyback
(Refiles to fix typographical error in paragraph 1)* Aims to cut $3 bln to $4 bln in costs* Suspends $25 bln share buyback* Shares down 3.5%* FACTBOX on oil companies cutting spendingBy Ron BoussoLONDON, March 23 (Reuters) - Royal Dutch Shell will l...
Read more23 Mar 2020 07:31
UPDATE 2-Shell cuts 2020 spending by $5 bln, suspends share buyback
* Aims to cut $3 bln to $4 bln in costs* Suspends $25 bln share buyback* Shares down 3.5%* FACTBOX on oil companies cutting spending (Adds detail, graphics, quotes)By Ron BoussoLONDON, March 23 (Reuters) - Royal Dutch Shell will lower spending by $...
Read more23 Mar 2020 07:02
Shell in plan to save $10bn as Covid-19, oil price crash bite
(Sharecast News) - Shell said it was cutting capital expenditure, underlying operating costs and postponing the next phase of its share buyback to save $10bn in the face of the Covid-19 pandemic.
Read more19 Mar 2020 12:21
UPDATE 3-Britain's oil industry calls on public purse as first fields shut
* OGUK expects more insolvencies* At $35/bbl OGUK sees basin's negative cashflow at $1.4 bln* Maintenance schedules under review* EnQuest shuts Heather and Thistle/Deveron fields (Adds background, further comments, breakeven figures)By Shadia Nasral...
Read more19 Mar 2020 12:21
UPDATE 1-Britain's oil industry calls on public purse as first fields shut
* OGUK expects more insolvencies* At $35/bbl OGUK sees basin's negative cashflow at $1.4 bln* Maintenance schedules under review* EnQuest shuts Heather and Thistle/Deveron fields (Adds EnQuest shutting fields)By Shadia NasrallaLONDON, March 19 (Reut...
Read more19 Mar 2020 12:21
UPDATE 2-Britain's oil industry calls on public purse as first fields shut
* OGUK expects more insolvencies* At $35/bbl OGUK sees basin's negative cashflow at $1.4 bln* Maintenance schedules under review* EnQuest shuts Heather and Thistle/Deveron fields (Adds detail, Greenpeace comment)By Shadia NasrallaLONDON, March 19 (R...
Read more19 Mar 2020 11:33
Thursday broker round-up
(Sharecast News) - Barratt Developments: Jefferies upgrades to buy with a target price of 729p.
Read more19 Mar 2020 10:48
UPDATE 2-FTSE 100 rises after BoE's new rescue measures, midcaps stuck in the red
* FTSE bounces after BoE eases again* Recent sterling slide helps exporters, banks also gain* Joules, Playtech, Crest Nicholson scrap dividend* FTSE 100 up 1.4%, FTSE 250 down 1.4% (Updates with closing prices)By Sruthi ShankarMarch 19 (Reuters) - B...
Read more19 Mar 2020 09:30
UK BROKER RATINGS SUMMARY: Jefferies Ups Taylor Wimpey, Barratt To Buy
UK BROKER RATINGS SUMMARY: Jefferies Ups Taylor Wimpey, Barratt To Buy
Read more19 Mar 2020 00:01
Britain's oil, gas industry calls for government cash as price crashes
* OGUK expects more insolvencies* At $35/bbl OGUK sees basin's negative cashflow at $1.4 bln* Maintenance schedules under reviewBy Shadia NasrallaLONDON, March 19 (Reuters) - Britain's oil and gas sector needs financial help to survive, industry bod...
Read more19 Mar 2020 00:01
UK govt agrees measures with energy industry to safeguard supply
By Nina ChestneyLONDON, March 19 (Reuters) - The British government has agreed emergency measures with the energy industry to ensure vulnerable households remain supplied with power during the disruption caused by the novel coronavirus, it said on...
Read more18 Mar 2020 20:08
Shell to suspend construction of Pennsylvania chemical facility
NEW YORK, March 18 (Reuters) - Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus ...
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