UPDATE 1-European shares inch lower as Shell drags; ECB awaited [Reuters (UK)]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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shell.com/investors.html
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Source: Reuters
European shares inch lower as Shell drags; ECB awaited - Reuters 2 Min Read (Reuters) - European shares edged lower on Thursday as a slump in Royal Dutch Shell and another batch of mixed earnings reports weighed on the mood ahead of the conclusion of a European Central Bank meeting. The STOXX 600 fell 0.2%, as Shell dropped RDSA.AS 7% after cutting its dividend for the first time in 80 years and suspending the next tranche of its share buyback programme amid a collapse in global oil demand. While Euro zone GDP numbers are due at 10:00 am GMT, data from France showed the country saw its sharpest economic contraction since World War II in the first quarter due to the impact of the lockdown. Safran ( SAF.PA ) jumped 5.8% as the aerospace supplier said it aims to maintain positive cash flow over the full year “despite significant potential headwinds” from the crisis. Airbus ( AIR.PA ) also gained 6.2% on news it was talks with the French state regarding possible aid. European shares a
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