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Switch to London is not the only big decision for Shell

The Times

Switch to London is not the only big decision for Shell

Moving headquarters has pleased investors, but they want to see more from the oil group

When Ben van Beurden, Royal Dutch Shell’s chief executive, phoned Mark Rutte on Sunday afternoon to warn the Dutch prime minister that the company planned to move its headquarters from the Hague to London, he set off a political backlash in the Netherlands.

Yet the oil group’s plans, which were revealed to stock markets on Monday and will also result in Shell unifying its dual shares, moving its tax base to Britain and losing its “Royal Dutch” name, appear less divisive with investors.

“It sounds like a really big deal, but I think it’s pretty routine, an exercise in corporate tidying-up,” said Nick Stansbury, head of climate solutions at Legal & General Investment Management, one of Shell’s biggest shareholders. “Obviously, for the Dutch government…

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