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THE INDEPENDENT: The Week Ahead: Shell: ‘Analysts at UBS advise investors not to expect too much…’

By Nikhil Kumar
Monday, 17 March 2008

Today: The energy giant Royal Dutch Shell is due to host a strategy presentation. Analysts at UBS advise investors not to expect too much given Shell’s “strategy mantra (more upstream, profitable downstream) that hasn’t changed since current CEO Jeroen van der Veer took over and a focus on 2010-15 as the time period to revive Shell’s fortunes”. UBS also notes that guidance concerning 2008 production and capital expenditure has already been provided, reducing the risk to near-term forecasts, adding: “We expect longer-term guidance to remain intact.”

For the full article go to…

http://www.independent.co.uk/news/business/sharewatch/the-week-ahead-property-slowdown-casts-gloom-over-wolseley-796874.html

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