FTSE LIVE: Retail woes continue with biggest sales decline on record; Shell to dish out £99bn to shareholders; Losses widen at AO World
- Retail woes continue as sales figures show biggest decline on record
- Royal Dutch Shell will hand out £99billion in dividend payments over four years
- Online electricals seller AO saw losses deepen to nearly £19million last year
Oil giant Royal Dutch Shell committed to handing out £99billion in dividend payments to shareholders over four years. As it updated the City on its financial plans, Shell said it has generated £23.6billion by selling non-core businesses.
Meanwhile, retailer AO World said its losses widened to nearly £19million in its last financial year amid tough trading in the UK and teething pains at its fledgling Europe division.
Sticking with retail, the latest BRC-KPMG figures show that sales tumbled 3 per cent last month – ‘a stark reminder of the industry’s ongoing issues’.
In the red: The volatile FTSE 100 sunk 0.5% after the bell on Tuesday to hit 7,148.11