Shell Considers Moving Listing from London to New York Amid Valuation Concerns
The potential move by Shell could significantly impact the FTSE 100, threatening London's status as a major business hub.
- Shell CEO Wael Sawan has put London on notice, threatening to move the company's main listing from London to New York if its shares remain undervalued.
- Former Shell CEO Ben van Beurden has echoed concerns about the company being undervalued in the UK market compared to US-listed rivals.
- Shell's potential move could result in the FTSE 100 losing its biggest player, significantly impacting London's status as a business hub.
- Shell's share price has reached a record high, but the company believes it could be worth more in the US market.
- The company's strategy to cut costs and return more money to shareholders has put it at odds with green groups, who criticize its slow pace on emissions reductions.