by Tsveta Zikolova: Monday, 14 Nov 2016, 10:36 GMT
Royal Dutch Shell (LON:RDSA) is considering a sale of part or all of its $3-billion Norwegian business, The Sunday Times has revealed. The disposal would come with the Anglo-Dutch oil giant looking to pay down debt amid growing investor pressure, following the acquisition of former smaller London-listed rival BG Group.
Shell’s share price has been little changed in London this morning, having inched 0.28 percent higher to 1,954.50p as of 10:08 GMT. The stock, however, is underperforming the broader market rally, with the benchmark FTSE 100 index having soared 1.15 percent to stand at 6,807.63 points. The shares have added just under a fifth over the past year, and are up by some 28 percent in the year-to-date.