SUPERMODELS AND SHY TYCOONS LAUNCH THE SCOTCH AND JALOUSE January 22, 2012 TWO PARTIES in one evening. Just a usual Thursday night out for supermodel Kate Moss, who started last Thursday evening at Arjun Waney’s Arts Club before moving on to the re-opening of The Scotch the other side of Piccadilly in St James’s. The Capitalist had been informed that the venue’s opening night would be a [...]
SUPERMODELS AND SHY TYCOONS LAUNCH THE SCOTCH AND JALOUSE January 22, 2012 TWO PARTIES in one evening. Just a usual Thursday night out for supermodel Kate Moss, who started last Thursday evening at Arjun Waney’s Arts Club before moving on to the re-opening of The Scotch the other side of Piccadilly in St James’s. The Capitalist had been informed that the venue’s opening night would be a [...]
Profit at Russia’s Sistema drops by a third as exchange rates bite June 15, 2011 RUSSIAN oil-to-telecoms holding company Sistema reported a 33 per cent fall in first-quarter net profit due to a smaller foreign exchange gain yesterday. Net profit fell to $97.2m (£59.7m), while net profit before one-offs rose 30.5 per cent to $102.3m. The company said sales rose 25.8 per cent to $7.8bn, driven by mid-size oil asset [...]
TNK-BP to pay dividend: report May 22, 2011 Russian oil venture, TNK-BP, is set to spend almost all of its 2010 profit in the form of a dividend, business daily Vedomosti said, citing two sources at TNK-BP. The newspaper said the board of TNK-BP Holding, the traded unit of TNK-BP, recommended paying 3.85 (8p) rubles per share on fourth-quarter dividend, or 59.47bn rubles [...]
TNK-BP will not join suit against BP October 24, 2011 THE BOARD of TNK-BP Holding, the Russian energy venture half owned by BP, yesterday voted against an initiative to join a minority shareholder in a lawsuit against the British oil major, a spokesman for BP in Moscow said. “The board of directors voted against joining the lawsuit at its meeting,” Vladimir Buyanov said, confirming a [...]
Citi’s analysts pour oil on BP’s troubled waters June 26, 2012 THE good folk at BP can be forgiven for being a bit miffed with the bankers at Citigroup Global Markets. Citi’s analysts Alastair Syme and Michael Alsford have issued a research note that questions BP’s hopes of realising between $25-30bn for its stake in its Russian subsidiary TNK-BP. The note, entitled “Russian value-release remains a [...]
TNK-BP may join lawsuit for damages against BP October 18, 2011 BP’S RUSSIAN joint venture TNK-BP said it may join a $13bn (£8.2bn) lawsuit brought by a minority shareholder over the oil major’s failed alliance with state-controlled Rosneft. TNK-BP Holding, the main subsidiary of TNK-BP, said it would “consider the question of whether or not to join the lawsuit being put forward by one of its [...]
Banks hit by Vickers as North Korean leader dies December 19, 2011 The FTSE 100 was solid this morning but the festering Eurozone crisis continued to sap confidence in riskier assets and banks were down as the government confirmed that they would be hit with the full impact of the Vickers Report. But the agenda was dominated by the death of North Korean leader Kim Jong-il, sparking [...]
Miners losing due to poor governance December 6, 2011 THE BOSSES of some mining companies are letting their shareholders down by ignoring corporate governance issues, a hard hitting report has found. According to the research, dozens of London-listed firms are missing out on making more money for their investors through their bungling in the boardroom. Half of the 179 listed companies have lost shareholders [...]
IMF predicts strong Russian growth June 13, 2012 Russia’s GDP will grow by four per cent this year and next year, the International Monetary Fund (IMF) said yesterday. “High oil prices, strong wage growth, and robust consumption have supported demand,” said the report. “Meanwhile, the unemployment rate has fallen below six per cent and capacity utilisation in manufacturing has risen to its pre-crisis [...]