What the other papers say this morning February 7, 2011 FINANCIAL TIMES SEC EYES MORTGAGE DISCLOSURES US securities regulators investigating the role of banks in the mortgage crisis are homing in on the question of whether investors were misled about the home loans used to back securities. The Securities and Exchange Commission and other regulators have been investigating a wide range of banking activities in [...]
What the other papers say this morning February 7, 2011 FINANCIAL TIMES SEC EYES MORTGAGE DISCLOSURES US securities regulators investigating the role of banks in the mortgage crisis are homing in on the question of whether investors were misled about the home loans used to back securities. The Securities and Exchange Commission and other regulators have been investigating a wide range of banking activities in [...]
CITY MOVES | WHO’S SWITCHING JOBS June 23, 2011 Hydrodec The industrial oil re-refining group has appointed former Betfair director Andrew Black to the board as a non-executive director, in his first public company directorship since leaving the online gaming group he co-founded in 1998. Black, who made a reported £300m on Betfair’s float when the business entered the FTSE 250 in October 2010, [...]
Chelsea enter five-way fight for Neymar June 28, 2011 CHELSEA are among a quintet of European heavyweights to have entered the race for Brazilian sensation Neymar. The 19-year-old Santos forward’s £40m release clause is believed to have has been met by Chelsea’s Premier League rivals Manchester City, Spanish giants Real Madrid and ambitious oil rich Russian side Anzhi Makhachkala. Neymar inspired Santos to victory [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 22, 2011 FINANCIAL TIMES BAIN PULLS OUT OF RAC AUCTION Bain Capital has pulled out of the bidding for RAC, the roadside rescue business of UK insurer Aviva. The US private equity group last week dropped out of the auction after bidding less than its rivals, people close to the situation said. That leaves Carlyle, Clayton Dubilier [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 22, 2011 FINANCIAL TIMES BAIN PULLS OUT OF RAC AUCTION Bain Capital has pulled out of the bidding for RAC, the roadside rescue business of UK insurer Aviva. The US private equity group last week dropped out of the auction after bidding less than its rivals, people close to the situation said. That leaves Carlyle, Clayton Dubilier [...]
Why BP’s Arctic venture went sour May 17, 2011 LIGHTNING really has struck twice for Bob Dudley, BP’s beleaguered chief executive. Hounded out of Russia by the partners in BP’s joint venture project BP/TNK, of which he was head, Dudley went on to take the top job at BP following the Gulf of Mexico oil spill. Hailed as the man to take the oil [...]
BP oligarchs talk tough over Rosneft dispute April 15, 2011 BP’s partners in its Russian venture TNK-BP rejected the UK oil major’s attempts to settle a dispute caused by its $18bn (£11bn) tie-up with Rosneft, casting further doubt on the deal. “Now is the time for sensible proposals from BP to resolve the problems that have been created,” Stan Polovets, chief executive of AAR, the [...]
BP asset sale hits profits as output slides April 27, 2011 OIL giant BP revealed a two per cent dip in profits in the first-quarter of this year, as its fire sale to cover the cost of the Gulf of Mexico oil spill ate into production levels. The energy firm made replacement cost profits of $5.5bn (£3.3bn) in the three months to 31 March, from $5.6bn [...]
BP faces US shareholder revolt at AGM April 12, 2011 CALPERS the biggest US public pension fund, and its Florida equivalent have said they will vote against management ahead of BP’s annual general meeting tomorrow, over anger at the Gulf of Mexico oil spill. Calpers and the Florida State Board of Administration, which between them own almost 83m shares, or 0.4 per cent of BP’s [...]