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Shell to divest Nigerian unit to Renaissance for undisclosed sum

Energy giant Shell announced Tuesday that it has reached a deal to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited or SPDC, to Renaissance, for an undisclosed sum. Renaissance is a consortium of five companies comprising four exploration and production firms based in Nigeria and an international energy group. Zoe Yujnovich, Shell's integrated gas and upstream director, said: "This agreement marks an important milestone for Shell in Nigeria, aligni ....

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UK Housing Market's August Decline Suggests More Fallout Ahead

UK Housing Market s August Decline Suggests More Fallout Ahead

0956 GMT - The latest Royal Institution of Chartered Surveyors survey for August on the U.K. housing market shows the largest net.
-September 14, 2023 at 10:06 am EDT
- MarketScreener ....

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FTSE 100 Closes Thursday Up at Highest Levels Since Mid-July

The FTSE 100 closed Thursday up 1.95% to reach its highest levels in six weeks, propelled by rallying commodity prices, IG Group says. Oil and natural-gas prices are enjoying a solid afternoon, and. ....

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London Stocks Seen Lower Tracking Falls in Asia

London Stocks Seen Opening Lower

0652 GMT - The FTSE 100 is expected to open 27.2 points lower, according to IG, having closed on Wednesday at 7426.14, tracking falls in Asian stocks. Investors. ....

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