Foster's a target after £1.6bn bid rejected

Foster’s yesterday left itself vulnerable to a possible bid from another global brewer by rejecting a £1.6billion bid for its wine business.

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5,000 JOBS GO AT SHELL

ABOVE: Many of the jobs to be axed will be in the UK

30th October 2009

By Daily Star Reporter

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ROYAL Dutch Shell are to axe 5,000 jobs, many in the UK, by the end of the year after profits for the third quarter to September fell 72% to £1.8billion.

Finance director Simon Henry warned that recovery was likely to be slow. The firm will invest up to $19.4bn in new projects this year, bringing on an extra one million barrels of oil a day from 2011.

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