Investment

Shell expected to lose $2bn after windfall taxes announced

As a result of the UK and EU windfall taxes, for the last quarter, there will be a hit of approximately 2 billion USD on earnings. This comes after the firm disclosed that it had not paid any UK windfall taxes because of their investments in the North Sea in October. The windfall levies are designed to capture excess earnings raked in as a result of high commodity prices, linked to Russia’s invasion of Ukraine. Russ Mould, an investment director at AJ Bell, said: “It would be disingenuous for Shell to gripe too much about these new levies given recently departed Ben van Be

Property Consulting

Property listing rules: Lawyer involvement encouraged

There has been new legislations enforced on the information that should be included in property listings, this would promote sellers to request lawyer aid earlier in the process. All properties listed, from the end of May, in the first of a 3 stage process will have to include the property's council tax band, council tax rate, the property price and tenure information. In the next two stages the sellers will have to declare restrictive covenants, flood risk and other specific factors which could impact the property due to it's environment. These new data fields will start