WHAT THE OTHER PAPERS SAY THIS MORNING July 20, 2011 FINANCIAL TIMES BLACKSTONE STRIKES €700M DEAL TO BUY GERMANY’S JACK WOLFSKIN Blackstone has agreed to take over outdoor clothing company Jack Wolfskin in a €700m ($995m) deal that underlined the rapid transformation of the sector from local businesses to international brands. The US buy-out group will announce on Thursday that it will acquire the German [...]
Kazakh miner eyes LSE float November 21, 2011 CITY fans of ex-Soviet Union mining companies will soon have another stock to pick after Kazakh energy producer Zhaikmunai said it was eyeing a move to the main market of the London Stock Exchange yesterday. Zhaikmunai currently trades via global depository receipts (GDRs) on the LSE but indicated it may swap these for a full [...]
Kazakh miner eyes LSE float November 21, 2011 CITY fans of ex-Soviet Union mining companies will soon have another stock to pick after Kazakh energy producer Zhaikmunai said it was eyeing a move to the main market of the London Stock Exchange yesterday. Zhaikmunai currently trades via global depository receipts (GDRs) on the LSE but indicated it may swap these for a full [...]
New listing rules and jitters over Europe pull FTSE down December 14, 2011 WEAKNESS in risk-sensitive commodity issues and banks dragged Britain’s FTSE 100 index lower yesterday, with concerns over the Eurozone debt crisis ratcheted up as Italy’s borrowing costs expanded to a record high. Italy had to pay 6.47 per cent on five-year bonds in an auction yesterday, up from a previous euro era record high of [...]
BP and oligarchs in arbitration hearing September 28, 2011 BP faced an arbitration hearing yesterday with its billionaire partners in the Russian joint venture TNK-BP, who are claiming damages against the oil giant for breaching a shareholder pact. BP, which has refuted the claims, prompted the spat with the consortium known as Alfa Access Renova (AAR) by agreeing a share swap and Arctic exploration [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2011 FINANCIAL TIMES Evraz raises prospect of Severstal merger Evraz has raised the possibility of a merger with Severstal in a deal that would unite Russia’s two biggest steelmakers to create the world’s eighth-largest producer by output, with a combined market capitalisation of £12bn. Alexander Abramov, Evraz’s chairman and founder, said in an interview with the [...]
Exillon finds extra oil in West Siberia October 6, 2011 OIL producer Exillon Energy said it found oil at a Russian well, and would connect it to the existing production facilities following testing. The London-listed company said it found 15.5 metres of net oil pay – referring to the zone of a reservoir that contains economically producible oil – at its EWS I-43 well in [...]
CANDY BROTHERS SEEK ENLIGHTENMENT WITH SERENE NEW TENANTS January 19, 2012 THE BEST things come to those who wait – and this week the Candy brothers have finally revealed two new tenants for their One Hyde Park development. About time for the block of super-apartments that has secured just three full-time residents one year after launch. Except – unfortunately for the Knightsbridge complex that has been [...]
BP gets upper hand in Russian director lawsuit October 12, 2011 A RUSSIAN court is likely to throw out a $2.8bn (£1.8bn) lawsuit brought by a shareholder against two BP executives on the board of the oil major’s Russian joint venture, TNK-BP, after a judge denied the claimant more time to gather the necessary shareholder support. Andrey Prokhorov, a minority shareholder in TNK-BP, filed a claim [...]
BP puts $15bn more assets on the block October 25, 2011 BP has reached “a definite turning point” since last year’s Gulf of Mexico disaster, its chief executive said yesterday as he announced plans to expand its disposal programme to $45bn (£28bn), double its cash flow, and boost returns to shareholders. Chief executive Bob Dudley said the oil major would sell-off a further $15bn in assets [...]