by Tsveta Zikolova: Friday, 01 Jul 2016, 07:58 BST
Royal Dutch Shell (LON:RDSA) has urged the UK to retain free trade and free movement of people with the European Union in the wake of Brexit, The Telegraph has reported, quoting the Anglo-Dutch group’s chief executive. Ben van Beurden, who backed the Remain camp, further noted that it was not yet clear how the oil major would be affected by the outcome of last week’s vote.
Shell’s share price rallied in yesterday’s session, adding 2.38 percent to end the day at 2,047.5p. The advance was largely in line with gains in the broader London market, with the benchmark FTSE 100 index surging 2.27 percent to close at 6,504.33 points following dovish comments by Bank of England governor Mark Carney. The group’s shares have gained a little over 10 percent over the past year, and are more than 34 percent better off in the year-to-date. read more
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