Picture: SUPPLIED
Picture: SUPPLIED

Shell shake-up

Royal Dutch Shell plans to ditch its dual share structure and move its tax residence from the Netherlands to the UK, in moves the oil group says will strengthen its competitiveness. The overhaul comes less than a month after Wall Street activist investor Third Point announced a stake in the company and pushed for changes. Shell says the changes will "increase the speed and flexibility of capital and portfolio actions". The company will still be listed in Amsterdam, London and New York, but will drop the words "Royal Dutch" from its name.

Financial Times

PERILOUS DANGEROUS TIMES: ‘"It’s dangerous,’" Bill Gross says about accommodative central bank monetary policy. "It’s ‘all dreamland that’s been supported by interest rates that aren’t where they should be’". Picture: Bloomberg/Patrick T. Fallon
PERILOUS DANGEROUS TIMES: ‘"It’s dangerous,’" Bill Gross says about accommodative central bank monetary policy. "It’s ‘all dreamland that’s been supported by interest rates that aren’t where they should be’". Picture: Bloomberg/Patrick T. Fallon

Bubble territory

Investors are living in a "dreamland" brought on by global central banks’ decision to continue pumping up the world economy even as it has rebounded sharply from the pandemic, says Pimco founder and bond investor Bill Gross. Historically low interest rates and mammoth bond-buying programmes have nurtured a widespread bout of financial euphoria in everything from stocks to digital assets such as nonfungible tokens.

Financial Times

subscribe

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.