Express

Project Fear exposed: Four major warnings Remainers got wrong – as Shell relocates to UK

BREXIT BRITAIN’S latest victory will see oil giant Shell relocate its headquarters to the UK has fuelled new Frexit calls, with a leading campaigner insisting it once again proves how Project Fear was “wrong on everything”.

By PAUL WITHERS: 07:30, Sun, Nov 28, 2021 | UPDATED: 08:51, Sun, Nov 28, 2021

In a huge win for Brexit Britain, Royal Dutch Shell is scrapping its dual share structure and moving its head office to the UK from the Netherlands. The company is dropping “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. The firm has been at the centre of a bitter row with Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, which makes them less attractive for investors. read more

Express.co.uk

Brexit success: Shell headquarter move shows Remoaner predictions are ‘other way around’

OIL giant Shell is relocating its headquarters from the Netherlands to the UK, a move some are labelling as proof that Brexit is not synonymous with losing foreign business.

By TERESA GOTTEIN MARTINEZ

Sat, Nov 20, 2021 

Shell has this week announced it was ready to sacrifice the designation “Royal” — from Royal Dutch Shell — to shift its tax residency from the EU to the UK. It already chose the country as its corporate base and primary stock market listing in 2005 but now, “despite Brexit“, the British-Dutch multinational will call London its only home. read more

Express.co.uk

‘Political bomb!’ Shell ‘doing own Brexit’ with huge EU snub in favour of UK move

THE European Union has been destroyed after being told oil giant Shell is “doing its own Brexit” by relocating its HQ from the Netherlands to the UK, with one political expert branding the news a “political bomb”.

By PAUL WITHERS

07:00, Sat, Nov 20, 2021 | UPDATED: 08:49, Sat, Nov 20, 2021

In a huge win for Brexit Britain, Royal Dutch Shell is scrapping its dual share structure and moving its head office to Britain from the Netherlands. The company is dropping “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc. The firm has been at the centre of a bitter row with Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, which makes them less attractive for investors. read more

‘Desperate’ Dutch PM blasted as he scrambles to stop Shell’s move to UK

DUTCH Prime Minister Mark Rutte suffered a brutal attack after his government attempted to convince Royal Dutch Shell not to leave the Netherlands for the UK.

By ALESSANDRA SCOTTO DI SANTOLO Wed, Nov 17, 2021  Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Brexit Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual structure and had recently been hit by a Dutch court order over its climate targets, aims to drop “Royal Dutch” from its name – part of its identity since 1907 – to become Shell Plc.

The firm has been in a long-running tussle with the Dutch authorities over the country’s 15 percent dividend withholding tax on some of its shares, making them less attractive for international investors.

Shell introduced the two-class share structure in 2005 after a previous corporate overhaul. read more

EXPRESS

Nigel Farage heralds ‘victory for Brexit Britain’ after hearing ‘good news’ for business

GB NEWS presenter Nigel Farage was ecstatic to hear the latest news surrounding Royal Dutch Shell’s reshuffle and welcomed it as a big victory for Brexit Britain.

By KYLE FARRELL: 18:20, Wed, Nov 17, 2021 

Oil company Royal Dutch Shell will ask its shareholders whether it should move its tax residence and headquarters from the Netherlands to the UK in an attempt to simplify the company’s structure. The company would also drop the “Royal Dutch” from its name under the reshuffle as it clashes with the Netherlands Government over emission and dividend targets. Nigel Farage appeared on his late-night GB news programme and heralded it as a big victory for Brexit Britain as the former MEP said it shot down criticisms the UK would lose all of its businesses because of the referendum. read more

Express.co.uk

Popular broadband company quietly drops promise to customers, here’s what you need to know

By AARON BROWN: 10:14, Wed, Oct 6, 2021 | UPDATED: 10:14, Wed, Oct 6, 2021

Shell Energy Broadband has dropped its pledge to never increase your monthly bills at the end of your contract. In addition, the broadband provider will adopt annual price hikes for its customers. Shell Energy will raise its prices by the Consumer Price Index (CPI) plus up to 3 percent – that’s the same formula used by BT and EE.

Until now, Shell Energy Broadband differentiated itself from other internet suppliers with its pledge that it would never rise monthly bills. Even when contracts came to an end, customers could expect to see the same amount leave their current account every month. As such, customers didn’t necessarily need to worry about shopping around for new deals from their existing provider or discounts from new firms to stop spiralling bills. read more

Controversial £15 fee to ‘switch to a rival broadband firm’ is finally scrapped

By AARON BROWN PUBLISHED: 07:21, Thu, Apr 1, 2021

EXIT FEES were once commonplace from broadband providers, but have become something of a rarity in recent years. Shell Energy was one of the few hanging on, but thanks to pressure from Ofcom, it has now decided to ditch the £15 cost to move to BT, EE, Sky, or another rival internet supplier.

Internet supplier Shell Energy has confirmed plans to ditch its controversial £15 “cease fee” that was applied to home broadband customers who wanted to move to a rival provider. Bafflingly, the extra cost even applied to those who had come to the end of their minimum contract term. Most rival providers, including BT, Sky and Virgin Media, don’t charge a fee for users to leave when they’ve come to the end of their original contract – instead, these extra costs usually only rack up when leaving early. read more

Broadband bills will increase for thousands of Shell customers in a DOUBLE price rise

BROADBAND customers who have a contract with Shell Energy could face two price increases to their monthly bills in the coming months, the home internet provider has confirmed.

By AARON BROWN 08:36, Tue, Dec 15, 2020 | UPDATED: 08:36, Tue, Dec 15, 2020

Shell Energy will increase prices for some broadband customers twice in the next six months, it has confirmed. The internet service provider has informed all customers who signed-up to one of its broadband plans before September 2, 2020 that a price hike to their home broadband and phone services will kick-in on January 11, 2020. read more

Remainers proved wrong as Shell boss hints at switching HQ from Netherlands to London

OIL giant Royal Dutch Shell could relocate its headquarters from the Netherlands to the UK in a post-Brexit boost for the country.

By JOE BARNES, BRUSSELS CORRESPONDENT PUBLISHED: 11:14, Mon, Jul 6, 2020 | UPDATED: 15:26, Mon, Jul 6, 2020   Ben van Beurden, Shell’s chief executive, hinted the company is seeking to simplify its complex capital structures. The potential move would be considered a significant victory for Britain in the months after quitting the European Union. Just last month Unilever, the Anglo-Dutch consumer goods group, revealed it would merge its British and Dutch holding companies into one based in London.

Asked whether Shell could replicate Unilever, Mr van Beurden told Dutch newspaper Het Financieele Dagblad: “One always needs to keep thinking.

“Nothing is permanent and, of course, we take the investment climate into account.

“But moving your HQ is not a trivial measure, one should not be too easy about that.”

The oil giant is one of the largest listed companies in the UK, with a market capitalisation of £100 billion and more than 80,000 employees around the world. read more

FULL ARTICLE: BP and Shell profits under renewed pressure as oil price hits 2017 low

PUBLISHED: 07:22, Wed, Nov 2, 2016 | UPDATED: 07:41, Wed, Nov 2, 2016

The FTSE 100 rivals warned investors not to expect a big upturn next year as they plan for prices in the low $50s-per barrel compared with current rates of about $48 for Brent.

But their efforts to balance investment in future growth while battling tough trading conditions and rising debt met with contrasting reactions as Shell’s share price rallied 84p to 2199p while BP slumped 21¾p to 462p.

Shell, whose £35billion acquisition of BG Group made it the world’s top liquefied natural gas producer, boosted underlying net profit for the three months to the end of September by 18 per cent to $2.8billion, compared with analysts’ forecasts of $1.71billion. read more

By DAVID SHAND: PUBLISHED: 00:03, Wed, Jun 8, 2016

The company set out its plans to create a “world class investment case” for shareholders following its £35billion takeover of fellow FTSE 100 oil and gas giant BG Group, which will include more asset sales and cost-cutting.

In its presentation to investors, Shell said it would squeeze an extra $1billion (£690million) in savings from the BG deal from an earlier $3.5billion forecast.

It aims to sell 10 per cent of its oil and gas production by exiting operations in up to 10 countries. read more

By GREG CHRISTISON: PUBLISHED: 22:22, Wed, May 25, 2016 

The move, announced yesterday, is a result of the firm’s £35billion merger with the BG Group and the prolonged slump in oil prices. 

A total of 475 positions will be lost from the company’s UK and Ireland upstream business, which deals primarily with exploration, by the end of the year. 

All job losses are expected to affect Scotland – home to around 2,200 Shell employees – with most coming from the firm’s Aberdeen headquarters. Around 40 offshore posts will be cut and there will also be losses at St Fergus Gas Terminal, in Aberdeenshire, and the firm’s plant at Mossmorran, in Fife. read more

BOSSES at Royal Dutch Shell will face shareholders at the group’s annual general meeting tomorrow amid concern over the chief executive’s “unacceptable” £4million pay deal.

Investors have been urged to vote against the firm’s remuneration report in protest at Ben van Beurden’s pay for 2015, even though it marked a significant reduction from the £18.6million he was paid in 2014 in the wake of plunging profits.

Shell’s latest annual report revealed boss Mr van Beurden’s total pay for last year was £4.3million – a 77 per cent fall on 2014 after the tumbling cost of crude took its toll on the group. read more

BG GROUP said it was in “excellent” shape ahead of a £35billion takeover by former rival Shell as it ramped up production and drove down costs in the face of sliding oil prices.

The FTSE 100 oil and gas group reported a surge in output in Australia and Brazil – key growth markets identified by Shell to justify the deal – beating its target to deliver a daily average of 704,000 barrels of oil per day last year, up 16 per cent on the previous year.

Volumes increased by 20 per cent in the fourth quarter. read more

By GEOFF HO: Sun, Jan 24, 2016

Since the Anglo-Dutch oil giant unveiled its recommended takeover offer for BG last April, the price of crude oil has continued its descent and is now 41 per cent lower than when the deal was announced.

On Friday the price of Brent crude oil closed at $31.18 (£21.86).

The collapse in the price of oil has led a number of Shell’s key investors, such as Standard Life Investments, to question whether or not it should proceed.

Despite their concerns, a number of them also own shares in BG and are believed to be prepared to approve the deal, reasoning that the two firms would be stronger together. read more