Total considers London financial move

|By:, SA News Editor

Total (TOT -0.5%) says it may move its corporate treasury and financial communications services from Paris to London since "80% of analysts who follow the group are based in London, and we need to get closer to this community."

Such a move wouldn't affect the financial profits TOT reports in France, it says, and would have nothing to do with the current level of taxes in France.

TOT would remain listed in Paris and doesn't intend to be listed on the London Stock Exchange.