Shell has agreed to sell its European onshore renewables business, including 500 MW of solar and wind capacity and a 3.5 GW pipeline of projects, to France's TotalEnergies. This move is part of Shell's strategy to reshape its power portfolio by focusing on areas where it has competitive advantages and recycling capital into higher-value businesses. TotalEnergies will expand its renewable capacity to nearly 10 GW with this acquisition and has also arranged to sell a 50% stake in another 1.2 GW portfolio to investment firm KKR. Both transactions are expected to complete by the end of 2026, pending regulatory approval.
The FTSE 100 fell 30 points to 10,838, dragged down by AstraZeneca's 9.3% drop following reports of merger talks with Bristol Myers Squibb, which raised concerns over strategic fit and antitrust issues. Commodity giants like Rio Tinto and BP also dec...
On July 31, 2026, Shell plc repurchased a total of 1,530,000 shares for cancellation across different trading venues, including the London Stock Exchange and Euronext Amsterdam. This buyback is part of Shell's existing share repurchase program announ...
The FTSE 100 rose slightly to 10,888 points despite AstraZeneca shares dropping 7% due to merger talks with Bristol Myers Squibb, which face regulatory scrutiny. Shell agreed to sell its European onshore renewables business to TotalEnergies, reflecti...
BP has initiated the sale of its North Sea business as part of a strategic move by new CEO Meg O'Neill to simplify the company's portfolio and prioritize investments in higher-return opportunities. While the North Sea remains vital to the UK's energy...
The FTSE 100 reached a new record high of 10,978.87, driven by strong results and upgrades from major companies like Rolls-Royce and BAE Systems. The Bank of England kept interest rates steady at 3.75%, citing uncertainty from Middle East tensions an...
