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Loeb’s Third Point Adds to Shell Position: The London Rush

Royal Dutch Shell Plc to Cut Up to 9,000 Jobs
Photographer: Chris Ratcliffe/Bloomberg
Updated on

Here’s the key business news from London-listed companies this morning.

Third Point Investors Ltd: Dan Loeb’s flagship Offshore Fund returned -11.5% in the first quarter of 2022, dragged down by companies including  Rivian Automotive, Inc and Cie Financiere Richemont SA.