This is good news, a sign of big investment companies using their clout in positive way. Royal London are our largest mutual company and do have greener-than-many investment credentials. They own a big chunk of Shell shares and are not convinced that they and other fossil fuelers are sufficiently serious about greening themselves up. Money talks, and if others take similar stances it will have a far bigger effect than anything any government can do. The shareholders own the company, the shares are quoted in one place, not so much chance of globalising to dodge the bullets. Next on the agenda should be (not just Shell’s) executive pay, I’d say.
“Hargreaves’ shares tumble as new client numbers fall 66%”
OK, happy to admit a whole bunch of schadenfreude here. DIY investing, especially that guided by the ‘it’s not advice but, hey, might be a good idea but not our idea if it doesn’t work’ is alive and kicking.
