Royal Dutch Shell Group .com Rotating Header Image

JPMorgan UK Strategic Growth fund sells Shell

Screen Shot 2015-06-22 at 11.49.02

By Eleanor Lawrie

The JPMorgan UK Strategic Growth fund has sold out of Royal Dutch Shell as the oil and gas sector is hit by weak prices and disappointing earnings.

Shell, which at the end of April was the fund’s seventh-biggest holding, has been sold following the announcement of its merger with UK-based gas giant BG Group.

“The weak oil price and the deal with BG Group means they will have to raise capital and dilute earnings, so we sold our position,” co-manager Ian Butler explained.

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Comments are closed.

%d bloggers like this: