Ftse at Mercy of Bp and Pounds 103 Billion Shell ; Taking Stock

Summary

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LONDON is about to become the most oil-dominated stock market in the world, thanks to Shell. A casual glance at the shake-up it announced last week might have left the impression that its restructuring into a single company meant the group was going Dutch. After all, its board will be dominated by Netherlanders and its headquarters will be in the Hague.

But those with an eye for what really matters will have noted that the important fact is that Shell is planning to become a 100 per cent UK-listed company, rather than being owned 60 per cent by Royal Dutch Petroleum and 40 per cent by UK-based Shell Transport Trading.

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Extract

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Ftse at Mercy of Bp and Pounds 103 Billion Shell ; Taking Stock

The effect of merging these two companies into a 100 per cent UKlisted firm will be to boost Shell's prominence in the FTSE 100. As has been widely quoted, it will...

See the full content of this document

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