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Royal Dutch Shell News Wednesday, 16 March 2005

Royal Dutch Shell News Wednesday, 16 March 2005

THE INDEPENDENT (UK): Market Report: Concern over sliding sales hits Morrisons: “Meanwhile, punters piled into BG Group, which stood at the top of the blue-chip gainers’ list. Its shares rose8.25p to 422.25p, as rumours of a bid for the gas group once again did the rounds of City dealing rooms. According to yesterday’s speculation, an oil major, possibly Shell, is looking to buy the company. BG is, by industry standards, something of a minnow, but boasts expensive reserves.” (ShellNews.net) 16 March 05

DAILY TELEGRAPH (UK): Market report: “Away from the races, the bets are riding on bid targets: “Traders were busy speculating which company would be the next bid target yesterday, with some placing their bets on BG…”: “The chatter pushed BG up 8¼ to an all-time high of 422¼p on renewed speculation that Shell, 1½ higher at 493p, may be considering an offer.” (ShellNews.net) 16 March 05

THE LONDON TIMES: Wm Morrison leads fallers on fears of sales slowdown: “The FTSE 100 put on 8¼p at 422¼p, led by BG Group, up a further 8¼p at 422¼p on revived hopes that its strong reserve base will make it a target for the likes of Shell…” (ShellNews.net) 16 March 05

THE GUARDIAN (UK): ASK KATHLEEN: Can a firm debit us without providing a service?: “Shell Gas stopped delivering gas to us in April last year and still has £231.44 we paid to the company in monthly installments by direct debit. We cancelled the direct debit in October 2004 and have made numerous phone calls and written two letters but, despite all kinds of promises, have not had our money returned” (ShellNews.net) Posted 16 March 05

THE WALL STREET JOURNAL: Tokyo Gas Exec: Gazprom Leads On Sakhalin II Stake Talk: “On Monday, Shell said it was in talks with Gazprom, but also other companies to sell a stake in the $12 billion project.” (ShellNews.net) Posted 16 March 05

allAfrica.com: Ijaw $1.5bn Lawsuit Against Shell Suffers Setback (ShellNews.net) 16 March 05

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