Kwasi Kwarteng to lift cap on banker bonuses; Shell names new CEO – business live

Chancellor Kwasi Kwarteng is reportedly planning to lift the EU-imposed banker bonus cap as part of post-Brexit reforms; Shell names Wael Sawan as its new chief executive

Shell shares are up nearly 0.8% on the back of confirmation of Ben van Beurden’s departure and replacement this morning.

We’re not seeing a lot of movement from European stocks this morning, which are mixed but relatively flat.

FTSE 100 is up 0.2%

French CAC 40 is down 0.1%

German DAX is up 0.2%

Spain’s IBEX is flat

Pan-European Stoxx 600 is up 0.1%

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 ALL Credit of this post going to https://www.theguardian.com

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