Shell jumps 6% after committing to dividend; commodities rally

Anglo American up 11%

Shares in Royal Dutch Shell jumped over 6% in morning trading, after the oil major committed to paying the full-year dividend for 2016 in its latest set of results.

In its results for 2015 this morning, Shell reported an 80% drop in profits for the full year to £2.6bn. Earnings on a current cost of supplies basis fell by 56% in the last three months of the year to $1.8bn, it added. However, the group committed to maintaining its full year dividend at least at the same level as in 2015, $1.88 per share. The market was reassured by this move, and the fact the results were better than rival BP, which announced a 91% fall in Q4 earnings earlier this week. Shares in Shell were up 6.5% this morning to trade at £15.31, while BP was up 3.9% at 345p. ...