BP to meet Russian investors March 6, 2011 Oil behemoth BP will meet with its rebel Russian shareholders today in front of three high court judges. Arbitration proceedings between the firm and shareholders inside TNK-BP will take place, in an attempt to settle disquiet over its strategy in Russia. The shareholders are unhappy that BP will deal with state-backed energy firm Rosneft, rather than [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 12, 2011 FINANCIAL TIMES CITY INVESTOR CHIEFS BACK BANKING REVAMP City fund managers have broadly welcomed the reform drive sweeping Britain’s banking sector, in spite of vocal criticism from some institutions. “There is a largely silent majority of investors who believe that structural reform and tougher capital requirements are a good idea,” said James Alexander, head of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 12, 2011 FINANCIAL TIMES CITY INVESTOR CHIEFS BACK BANKING REVAMP City fund managers have broadly welcomed the reform drive sweeping Britain’s banking sector, in spite of vocal criticism from some institutions. “There is a largely silent majority of investors who believe that structural reform and tougher capital requirements are a good idea,” said James Alexander, head of [...]
Blavatnik may reprise WMG role February 20, 2011 RUSSIAN-BILLIONAIRE Len Blavatnik resigned from his directorship at Warner Music Group in January 2008, blaming his “extensive travel schedule” for his retirement from front-line duties. But three years later, his plan to take his finger off the pause button at WMG has little to do with a quieter work schedule. Blavatnik, as a member of [...]
Blavatnik may reprise WMG role February 20, 2011 RUSSIAN-BILLIONAIRE Len Blavatnik resigned from his directorship at Warner Music Group in January 2008, blaming his “extensive travel schedule” for his retirement from front-line duties. But three years later, his plan to take his finger off the pause button at WMG has little to do with a quieter work schedule. Blavatnik, as a member of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
Abramovich set for legal fight February 23, 2011 Russian billionaire Roman Abramovich yesterday lost an appeal over a £2bn claim brought by ex-business partner Boris Berezovsky, meaning a legal battle in the British courts will go ahead in October. Berezovsky claims Abramovich pressured him into selling a stake in oil firm Sibneft at an unfair price.
Abramovich set for legal fight February 23, 2011 Russian billionaire Roman Abramovich yesterday lost an appeal over a £2bn claim brought by ex-business partner Boris Berezovsky, meaning a legal battle in the British courts will go ahead in October. Berezovsky claims Abramovich pressured him into selling a stake in oil firm Sibneft at an unfair price.
TNK-BP profit down as Rosneft prospers October 26, 2010 Russian oil company TNK-BP, a joint venture that makes up more than a quarter of BP’s reserves, said yesterday its third-quarter net profit fell as transportation and other costs rose. The company generated net profit of $1.45bn (£913m) on revenues of $11.4bn. A year earlier TNK-BP earned $1.68bn on revenues of $10.26bn. Meanwhile, its largest [...]
TNK-BP profit down as Rosneft prospers October 26, 2010 Russian oil company TNK-BP, a joint venture that makes up more than a quarter of BP’s reserves, said yesterday its third-quarter net profit fell as transportation and other costs rose. The company generated net profit of $1.45bn (£913m) on revenues of $11.4bn. A year earlier TNK-BP earned $1.68bn on revenues of $10.26bn. Meanwhile, its largest [...]