Brexit news: Huge win for Britain as Shell ditches Netherlands and relocates to UK | City & Business | Finance

Laura Hoy, Equity Analyst at Hargreaves Lansdown said: “Ultimately, the new structure would be a net positive for shareholders as it will streamline the company and make it easier to manoeuvre moving forward.”

AJ Bell Investment Director Russ Mould added: ““The London market was bolstered by the news Royal Dutch Shell is casting off its dual-share structure but unlike BHP and Unilever is not threatening divorce and has instead committed itself to the UK and remaining in the FTSE 100 index.”

Unilever, like Shell, previously abandoned its dual Anglo-Dutch structure eventually picking London as its base after a controversial proposal to move to Rotterdam.

Mr Mould explained there were a number of factors behind Shell’s decision including lower costs, greater flexibility and speed of movement adding “Shell has long chafed against the 15% withholding tax which applies in the Netherlands.”

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