City Sees Bright Future in Wake of Shell's Shake-Up ; Market Report

Evening Standard - London › March 04, 2004

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Summary

FURTHER heavy turnover in oil giant Shell was recorded following yesterday's dramatic departure of chairman Sir Philip Watts.

More than 50 million shares changed hands today as the price gave back some of yesterday's gains to trade 53/4p lower at 3773/4p.

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Extract

City Sees Bright Future in Wake of Shell's Shake-Up ; Market Report

This was despite a buy recommendation from Deutsche Bank and a 12- month target of 400p. US broker Morgan Stanley retains an equal weight rating and says r...

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