Shell has reported better than expected first quarter profits and moved to woo shareholders as it battles a group of major investors seeking greater action against climate change at the company. Shell credited strong oil trading and higher refining margins for the performance and said it would reward investors with a further $3.5bn share buyback. The results were released as investors face pressure from a group of shareholders with a combined 5% holding to force the company into tighter climate targets.
Britain's Co-Op Bank said on Thursday talks for its takeover by Coventry Building Society were "well advanced" and its multi-year revamp was now materially complete, after reporting first quarter financial performance in line with expectations. Co-Op Bank also said it had secured an investment grade credit rating and its long-term deposit rating had beenupgraded to Baa3 by Moody's in March. Slape said the improved credit rating would enable the bank to diversify its customer base by growing our corporate banking book, as well as provide enhanced funding capabilities.
Peter Andre and wife Emily Andre have finally revealed the sweet name of their newborn baby daughter…