SHELL'S RECOUP Shell has continued to make big strides in reducing its net debt which prepandemic was over $75bn. With the release of yesterday's numbers, they've cut that further from $48.5bn in the first quarter to $46.4bn, as well as lowering their gearing to below 20 per cent. In the last year alone, debt has fallen by $20bn. MICHAEL HEWSON, CMC MARKETS

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