Shell hit by profit warning

Updated

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Shell logo
Shell logo

A warning of "significantly lower" fourth quarter profits from oil giant Royal Dutch Shell sent shares lower, but the wider top-flight gained ground following buoyant Christmas retail figures.

It was an uncomfortable start to the tenure of new boss Ben van Beurden, who admitted the performance was "not what I expect from Shell" just two weeks after succeeding Peter Voser as chief executive.

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