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Shell increases returns to shareholders as profits surge

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Royal Dutch Shell has pledged to strengthen cash returns, raise dividends by almost 40% and launch a $ 2 billion share buyback plan to be completed by the end of this year.

Oil majors unexpectedly increased their dividend per share from 17.35 cents per share in the second quarter to 24 cents per share. CEO Ben van Beurden said in April that dividends are likely to remain unchanged for the rest of 2021 after a slight increase in the previous earnings report.

News of a cash return arrived as Shell reported a surge in quarterly earnings after oil recovered above $ 70 a barrel in the second quarter.

Shell reported adjusted net income of $ 5.5 billion in the second quarter. This was slightly above analysts’ expectations of $ 5 billion, up from $ 3.2 billion in the first quarter. Cash flow from operating activities, excluding working capital movements, reached $ 14.2 billion in the second quarter, exceeding analysts’ expectations of $ 12.1 billion.

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Lloyds Banking Group Bright economic forecasts raised the full-year target after UK lenders reduced the size of their allowance for doubtful accounts for the second straight quarter. The UK’s largest retail lender reported £ 2 billion in pre-tax profit in the second quarter. This is above the analyst’s average forecast of around £ 1.2 billion. Lost £ 676m in the same quarter last year.

AstraZeneca Covid-19 vaccine sales were $ 1.2 billion in the first half of this year. Vaccine investment fell four cents from earnings per share to $ 1.61 in the first half and $ 2.53 adjusted, according to pharmaceutical companies. It exceeds the sales forecast by $ 15.5 billion, compared to the consensus forecast of $ 14.8 billion.

Anglo American After investing $ 12.1 billion in ebitda, the tentative foundation, it has announced plans to return another $ 2 billion to shareholders. This is an increase of 262% over the previous year.

Diageo Despite short-term volatility, he said he expects margins to improve further this year as sales recover. Manufacturers of Smirnoff and Guinness reported operating profit of £ 3.7bn for the 12 months to June, up 74.6% year-on-year, as net sales increased 8.3% to £ 12.7bn.

BAE Systems We have raised our full-year target and launched a £ 500m share buyback program combined with interim results. Defense industry contractors also raised their dividends by 5% after a 27% year-on-year increase in half-year base profit of £ 1 billion.

BT After recording £ 536m in pre-tax profit in the first quarter, which ended in June, it said it was on a 4% year-on-year decline to meet expectations for the next two years. The Telecom Group has also unveiled a new strategic partnership with Microsoft to target enterprises.

Schroder Total assets under management increased 6% to a record £ 700.4 billion in the first half as fund managers posted £ 17.9 billion in net new business. Interim results increased pre-tax profit by 33% to £ 373.9 million.

Rentokil Initial The resumption of the economy offset the slowdown in disinfection services, raising the full-year profit target. The Pest Control Group’s six-month results showed adjusted pre-tax profits up 60% to £ 194m and revenues up 18.3% to £ 1.5bn.

US investment bank Raymond James said he has reached a deal to buy Charles Stanley, UK Stock Broker, £ 278.9m. Raymond James has agreed to pay in cash 515p, a 43.5% premium for Charles Stanley’s closing price on July 28th.

Event group Informa We’ve increased our full-year revenue guidance to reflect the demand for subscription-driven businesses, digital diversification, and increased confidence that physical event activity is back. For six months, Informa posted adjusted operating profit of £ 69.2m, up from £ 118.6m in the previous year.

Software maker Sage In the latest information on transactions for the nine months to June, he said that full-year recurring revenue slightly exceeded previous guidance.

catering Compass In the third quarter statement, he said profitability was recovering towards the expected upper limit. The company said it expects trading this quarter to be 80-85% of pre-Covid levels.

Weir We have resumed dividends and have not changed our full-year outlook. Engineers’ interim results show a 31% improvement in pre-tax profit to £ 102m.

Half a year result from Smith & NephewMedical device manufacturers have shown a shift from a loss of $ 5 million in the previous year to $ 23 million in operating profit as selective surgery resumed.

Johnson MattheyPlatinum-based chemical refiner said sales returned to pre-pandemic levels and sales in the first quarter, which ended in June, increased 63%.

Beyond square miles

The detonation of Alkegos Capital in the family office continued to weigh heavily Credit suisseResults reported by Swiss banks 78% decrease In second quarter profit.

Airbus The recovery in aircraft demand following the coronavirus pandemic doubled the annual profit forecast to € 4 billion after achieving better-than-expected results in the first half of the year.

Using coffee and supplements as fuel Nestle It has achieved the strongest growth in sales in the first half of the year in more than a decade as consumers doubled the new buying habits they acquired during the pandemic. But the world’s largest food company has warned that rising commodity prices will put pressure on profits in the coming months.

Samsung Electronics He said he was bullish on the outlook for the important semiconductor business in the second half of this year, but warned. Increasing supply chain risk Due to the resurrection of Covid-19.

Federal Reserve System Have One step closer Until the day when large-scale financial support to the US economy begins to slow, following a meeting of policy makers emphasizing both the promises and dangers of a US recovery.

Important comments before going

Mohamed Ellerian
government Need to be more open Embrace crypto innovations and turn them in the right direction for finance, the economy and society as a whole. Without a more supportive approach, the West may find that what fast-moving China is doing and what it is trying to do will determine their future.

Helen Thomas
A true objection to the £ 9.5bn acquisition of asset manager Silchester-Wm Morrison’s private Seems like timingGiven that the market thinks there are other bids coming.

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