Shell posts $28 bln 2023 profit, boosts dividend

February 02, 2024

Good Morning,

Shell posts $28 bln 2023 profit, boosts dividend, Minimum wage to rise to $23.15, despite warning, Musk seeks Tesla shareholder vote on moving incorporation to Texas, Europe’s Atomic Powerhouse Sees Reactor Fleet Return to Strength, How Ikea is taking over New Zealand's forests and farms and India Froze Paytm Bank After Years of Warnings About Data Flows.

Let's jump in.

Before The Bell

Markets

  • Stocks Churn Amid Fed Pushback, Earnings Deluge: Markets Wrap

Earnings and Data

  • Shell posts $28 bln 2023 profit, boosts dividend (RT)

  • Dutch bank ING sees lower total income in 2024, shares drop (RT)

News Summary

  • Minimum wage to rise to $23.15, despite warning (Stuff)

  • How Ikea is taking over New Zealand's forests and farms (Stuff)

  • Who benefits from Woolworths’ new loyalty programme? (Stuff)

  • EU leaders seek deal to fund Ukraine as Hungary digs in heels (RT)

  • Angry farmers take protest to EU summit with tractors and fires (RT)

  • Deutsche Bank to cut 3,500 jobs and reward shareholders (RT)

  • India refrains from populist budget before election, trims fiscal deficit (RT)

  • Google signs its largest offshore power agreement with Dutch wind projects (RT)

  • Musk seeks Tesla shareholder vote on moving incorporation to Texas (RT)

  • Byron Allen Builds $40 Billion M&A Wish List With Few Done Deals (BBG)

  • India Froze Paytm Bank After Years of Warnings About Data Flows (BBG)

  • Europe’s Atomic Powerhouse Sees Reactor Fleet Return to Strength (BBG)

  • Tesla, VW at Risk of Ties to Uyghur Forced Labor in China (BBG)

  • Powell plants a seed of doubt in rate cut timing (AFR)

  • SkyCity agrees $79m payment for AML failures (NBR)

  • ‘No more posties in five years,’ union says (NBR)

  • Comvita interim and annual guidance slips (NBR)

Deal Flow

Investments / M&A

  • Metcash confirms bid for Quadrant’s Superior Food Group (AFR)

  • DB gets approval to enable future purchase of hospo group (NBR)

VC & Fundraising

  • Gentrack invests $12m in Aussie electricity retailer startup (NBR)

Daily Picks

  • Angel investors could be shut out by tougher sophistication test (AFR)

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