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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