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Investors Chronicle Tips of the Week – Better sell Shell 

Extracts from article published 13 July 2020

Global corporate debt surged to a record $8.3 trillion (£6.6 trillion) in 2019, up 8.1 per cent year-on-year and the fastest increase in at least five years. The Janus Henderson Corporate Debt Index, which covers the largest 900 non-financials in the world, predicts the overall figure to rise by a further $1 trillion in 2020.

Companies in the US and the UK are among the most indebted in the world…

In the UK, debts hit a record $539bn in 2019, growing slightly faster than the global average. Vodafone (VOD) accounted for half of the growth as it funded its acquisition of Liberty Global (US:LBTYA), while Royal Dutch Shell (RDSB) also borrowed heavily to support its $15bn dividend.

SOURCE

Investors Chronicle “Tips of the Week – Better sell Shell (Paywall)

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