Oil production is up at LukOil May 18, 2009 RUSSIAN oil producer LukOil said yesterday its oil production hit 1.9m barrels per day for the first quarter, up 3.2 per cent from the same period last year. The news comes as the firm will have an opportunity to renew its contract for the West Qurna-2 oil field in southern Iraq, according to Ali Hussein [...]
Oil production is up at LukOil May 18, 2009 RUSSIAN oil producer LukOil said yesterday its oil production hit 1.9m barrels per day for the first quarter, up 3.2 per cent from the same period last year. The news comes as the firm will have an opportunity to renew its contract for the West Qurna-2 oil field in southern Iraq, according to Ali Hussein [...]
Lenders give INM a break May 18, 2009 TROUBLED newspaper publisher Independent News & Media (INM) said yesterday it had agreed a grace period from lenders to renegotiate a €200m (£177m) bond. The owner of the Independent and Independent on Sunday said it now has until 26 June to hammer out a repayment deal on its senior debt, which was due for payment [...]
Lenders give INM a break May 18, 2009 TROUBLED newspaper publisher Independent News & Media (INM) said yesterday it had agreed a grace period from lenders to renegotiate a €200m (£177m) bond. The owner of the Independent and Independent on Sunday said it now has until 26 June to hammer out a repayment deal on its senior debt, which was due for payment [...]
We need a new online democracy May 18, 2009 PRETTY much every UK citizen is ready to shout “you’re fired” at their local MP after the depressing expenses revelations. I’ve always believed that form is content – that how you say something is just as important as what you say. Barack Obama came to power by having such an effective way of expressing himself, [...]
We need a new online democracy May 18, 2009 PRETTY much every UK citizen is ready to shout “you’re fired” at their local MP after the depressing expenses revelations. I’ve always believed that form is content – that how you say something is just as important as what you say. Barack Obama came to power by having such an effective way of expressing himself, [...]
Resolution is still on the hunt for life fund assets May 18, 2009 BRITISH buyout firm Resolution told investors yesterday it remains “fully engaged” in pursuing acquisition opportunities, despite deciding not to proceed with a number of deals in the quarter to the end of March. The company, launched by City heavyweight Clive Cowdery, revealed it spent £4m on due diligence investigations into possible buyout targets in the [...]
Resolution is still on the hunt for life fund assets May 18, 2009 BRITISH buyout firm Resolution told investors yesterday it remains “fully engaged” in pursuing acquisition opportunities, despite deciding not to proceed with a number of deals in the quarter to the end of March. The company, launched by City heavyweight Clive Cowdery, revealed it spent £4m on due diligence investigations into possible buyout targets in the [...]
CITY MOVES WHO’S SWITCHING JOBS May 18, 2009 Collins Stewart The financial services group has appointed Mark Wilson to its equity research team as an analyst covering the pan-European capital goods sector. Wilson has covered both mechanical and electrical stocks for a number of years, from large cap through to mid cap companies. He previously worked at Goldman Sachs, Lehman Brothers and, for [...]
BLANK’S CHELSEA APPEARANCE SETS CITY TONGUES WAGGING ON HIS HEIR May 18, 2009 ANY idea that the downturn would affect corporate hospitality at the Chelsea Flower Show, traditionally one of the biggest, most important corporate schmooze-fests of the year, was smashed to smithereens at last night’s gala preview opening. Chelsea veterans including Marks & Spencer boss Sir Stuart Rose, WPP chief executive Sir Martin Sorrell, ICAP billionaire Michael [...]