Shell shows prudence on dividend, but no remorse on $16bn share buybacks | Nils Pratley

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As coronavirus sorts stock market winners from losers at startling speed, buybacks prove costly

A title on Ben van Beurden’s bookshelf in his video message to Shell investors captured the mood – Fall of Giants by Ken Follett. A pillar of the UK stock market has tumbled. Shareholders have been sure of Shell’s dividend since the second world war, but now the distribution has been cut by two-thirds. The chief executive himself called the decision “monumental”.

 

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Is it really a crime if nobody gets stopped or even punishment for doing it?

Who cares.....what about the100s of thousands lost their jobs because of unfair CJRS and its stupid RTI cutoff. Nobodys reporting on or bothered about us newstarterjustice newstarterfurlough

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