MARKETS

US activist investor buys stake in Shell to break it up

ACTIVIST investor group Third Point has bought a US$750 million stake in Shell and has urged investors to break up the company into its energy transition and legacy energy businesses, arguing its current strategy is failing to deliver.

Loeb’s Third Point points to poor performance

Loeb’s Third Point points to poor performance

Bloomberg reports that the group, which now has a 0.4% stake in the company, wrote to shareholders overnight saying the company would benefit if it split its renewables, LNG and marketing business into...

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