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Shell makes further cost cuts of £650m to keep BG takeover on track

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Screen Shot 2015-10-31 at 16.01.23Sean FarrellTuesday 3 November 2015 12.43 GMT

Investors have been nervous about Shell’s purchase of BG since it was announced in April. At the time, Shell suggested oil prices would recover to $90 a barrel by 2020. However, they have fallen from $115 a barrel last year to less than $50 and are predicted to stay low for some time.

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