Shell (SHEL)

Sector:

Energy Producers

Index:

FTSE 100

2,903.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 2,937.00p
  • 52 Week Low: 2,220.50p
  • Currency: UK Pounds
  • Shares Issued: 6,395m
  • Volume: 6,092,773
  • Market Cap: £185,689m

Shell Energy fined £1.4m by Ofcom for consumer protection breaches

By Frank Prenesti

Date: Tuesday 21 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Shell Energy has been fined £1.4m by the UK's telecoms regulator for failing to tell more than 70,000 mobile phone and broadband customers to review their contracts as they approached expiry.
Ofcom said its investigation found the company broke consumer protection rules designed to ensure that customers get a fair deal for their communication services and also failed to provide information allowing people to find better deals.

This penalty includes a 30% discount after Shell Energy's admission of liability and agreement to enter into Ofcom's settlement process.

Rules introduced in 2020 mean providers have to prompt their customers before their existing contract is up and provide important information to help them shop around and take advantage of a better deal. They also require providers to remind their customers if they are already outside of their minimum contract period.

Specifically, telecoms and pay-tv companies must issue an 'end-of-contract' notification to customers - by text, email or letter - between 10 and 40 days before their minimum contract period comes to an end.

Shell Energy is the UK consumer gas, electricity and broadband operations business of energy giant Shell.

Reporting by Frank Prenesti for Sharecast.com

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Shell Market Data

Currency UK Pounds
Share Price 2,903.50p
Change Today 2.50p
% Change 0.09 %
52 Week High 2,937.00p
52 Week Low 2,220.50p
Volume 6,092,773
Shares Issued 6,395m
Market Cap £185,689m

Shell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.63% above the market average83.63% above the market average83.63% above the market average83.63% above the market average83.63% above the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Price Trend
66.59% above the market average66.59% above the market average66.59% above the market average66.59% above the market average66.59% above the market average
78.05% above the sector average78.05% above the sector average78.05% above the sector average78.05% above the sector average78.05% above the sector average
Income
59.95% above the market average59.95% above the market average59.95% above the market average59.95% above the market average59.95% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Growth
8.79% below the market average8.79% below the market average8.79% below the market average8.79% below the market average8.79% below the market average
62.26% below the sector average62.26% below the sector average62.26% below the sector average62.26% below the sector average62.26% below the sector average

What The Brokers Say

Strong Buy 7
Buy 9
Neutral 6
Sell 0
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Shell Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 15-Feb-24 16-Nov-23
Paid 25-Mar-24 20-Dec-23
Amount 34.40¢ 33.10¢

Trades for 26-Apr-2024

Time Volume / Share Price
16:38 2,000 @ 2,903.50p
16:37 2,000 @ 2,903.50p
16:37 538 @ 2,903.50p
16:37 3,462 @ 2,903.50p
16:36 2,000 @ 2,903.50p

Shell Key Personnel

CFO Sinead Gorman
CEO Wael Sawan

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