By Eleanor Lawrie
The JPMorgan UK Strategic Growth fund has sold out of Royal Dutch Shell as the oil and gas sector is hit by weak prices and disappointing earnings.
Shell, which at the end of April was the fund’s seventh-biggest holding, has been sold following the announcement of its merger with UK-based gas giant BG Group.
“The weak oil price and the deal with BG Group means they will have to raise capital and dilute earnings, so we sold our position,” co-manager Ian Butler explained.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
