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Martin Currie sticks with Shell

Martin Currie is retaining confidence in Shell as a profitable long-term investment despite the oil giant&#39s 56 per cent drop in third quarter earnings.


It says the fall in earnings is due to the economic slowdown in Asia which is stretching most of the globe and not because of a drop in the price of oil.


The Edinburgh-based fund manager is also buying shares in Hewden Stuart, BAT, Scottish and Newcastle and Powergen to increase the number of defensive stocks in its portfolio.

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