THE TIPSTER January 30, 2011 THE EMBATTLED oil giant BP may have found support after ingratiating itself with the Russians over the controversial Rosneft deal. But threats continue to linger over the Gulf oil spill and brokers who had been viewing the stock as something of a bargain are now tempering their outlook. Combine this with waning oil prices and the [...]
Russians rush to list in London January 13, 2011 RUSSIAN steel pipe maker ChelPipe has become the third company from the former Soviet Union to announce a listing on the London Stock Exchange this week. The company, which is to launch an initial public offering (IPO) of up to $1bn (£635.2m), follows pump manufacturer HMS Hydraulic and coking coal producer KOKS earlier this week. [...]
BP in deal talks with Russia’s Rosneft January 14, 2011 ENERGY giant BP is in talks with Russian state-owned oil company Rosneft over a possible deal, it has announced. BP, which owns 1.4 per cent of Rosneft, has called an emergency press conference at its London headquarters at 9pm tonight to announce full details of the deal. Reports have suggested the deal would be in [...]
BP in deal talks with Russia’s Rosneft January 14, 2011 ENERGY giant BP is in talks with Russian state-owned oil company Rosneft over a possible deal, it has announced. BP, which owns 1.4 per cent of Rosneft, has called an emergency press conference at its London headquarters at 9pm tonight to announce full details of the deal. Reports have suggested the deal would be in [...]
HEADACHE FOR AVIVA INVESTORS OVER THEIR LIBYAN LANDLORD March 2, 2011 INTERESTING times at 14 Cornhill, the commercial property with a prime location opposite the Bank of England. Its owner has become embroiled in a little local difficulty involving global asset freezing. The Libyan Investment Authority (LIA), the sovereign wealth fund that administers the troubled country’s oil billions, has owned 14 Cornhill since December 2009, when [...]
Inter RAO hunts for investors January 20, 2011 INTER RAO could seek a strategic investor for a 25 per cent stake and may also consider share swaps as it continues to grow, the Russian state-controlled group’s head Boris Kovalchuk said yesterday. The electricity generator and power trader is being used by Russia as a home for billions of dollars of assets as the [...]
Inter RAO hunts for investors January 20, 2011 INTER RAO could seek a strategic investor for a 25 per cent stake and may also consider share swaps as it continues to grow, the Russian state-controlled group’s head Boris Kovalchuk said yesterday. The electricity generator and power trader is being used by Russia as a home for billions of dollars of assets as the [...]
Oil majors curb the FTSE 100 despite solid corporate news February 3, 2011 BRITAIN’S top share index fell yesterday, hurt by Royal Dutch Shell as the oil major’s results were met with disappointment, while drugmaker GlaxoSmithKline rose after it decided to push ahead with a buyback programme. The FTSE 100 shed 16.73 points, or 0.3 per cent, to 5,983.34, after closing 0.7 per cent higher on Wednesday. The [...]
BP shares rise after historic Russian deal January 17, 2011 BP SHARES edged up yesterday in the market’s first chance to react to its $16bn (£10.1bn) deal and share swap with Russia’s state oil firm Rosneft. BP closed up 0.24 per cent at 500.7p, beating an overall decline in the FTSE 100 index, despite a likely dilution of earnings per share through the deal. As [...]
What the other papers say this morning January 19, 2011 FINANCIAL TIMES MOD FACES FRESH CRISIS OVER ITS FUNDING Senior figures in the Ministry of Defence are warning of a possible reopening of last October’s Strategic Defence and Security Review because the MoD lacks the funds needed to provide the military capability demanded by the government for 2020. The department has discovered that it needs [...]