WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2009 THE SUNDAYSThe Sunday TelegraphFOCUS DIY CHAIN FACES TOUGH CREDIT REVIEWA review of Focus DIY’s financial position will be delivered by Ernst & Young (E&Y) to the group’s lenders this Friday to help them to decide whether to continue backing the DIY retailer. Although the lenders, GMAC and HBOS, have agreed in principle to renew a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 8, 2009 FINANCIAL TIMES ARCELORMITTAL ATTEMPTS TO EASE DEBT BURDENArcelorMittal has started talks with its banks about making conditions for re-paying its $26bn (£16.2bn) of debt less onerous, in a bid to reduce financial pressure on the company as the global downturn continues. The world’s biggest steelmaker has taken this step as an insurance policy against its [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 8, 2009 FINANCIAL TIMES ARCELORMITTAL ATTEMPTS TO EASE DEBT BURDENArcelorMittal has started talks with its banks about making conditions for re-paying its $26bn (£16.2bn) of debt less onerous, in a bid to reduce financial pressure on the company as the global downturn continues. The world’s biggest steelmaker has taken this step as an insurance policy against its [...]
Putin hands Shell a role in gas projects June 28, 2009 ANGLO-DUTCH energy giant Shell has accepted an invitation from Russian president Vladimir Putin to participate in two giant natural gas projects, as the country eases its nationalistic clasp over its energy sector. Royal Dutch Shell was yesterday asked to take part in the Sakhalin-3 and Sakhalin-4 deep-sea gas projects off Russia’s Pacific coast. Putin yesterday [...]
Svanberg of Ericsson will be BP’s chair June 25, 2009 BP named Ericsson chief executive Carl-Henric Svanberg as its new chairman yesterday, in a surprise appointment which ended the British oil major’s lengthy search for a successor to Peter Sutherland. BP chief executive Tony Hayward said the firm would benefit from Swedish Svanberg’s experience in emerging markets and in dealing with governments. Svanberg, who will [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 24, 2009 FINANCIAL TIMES CHIP MAKER MOVES TO QUASH BID SPECULATIONImagination Technologies has reiterated that it expects to remain independent, despite market speculation to the contrary and heavy share buying in the chip designer. Intense buying on the London Stock Exchange saw more than 12m shares change hands and 9.7m sold at 150p a share, amid speculation [...]
The gravy train shows no sign of hitting the buffers June 23, 2009 YESTIMOTHY BARBERIF the size of RBS boss Stephen Hester’s pay package wasn’t already invoking the wrath of the new breed of mealy-mouthed ascetics, the news that his bank is spending £300,000 on Wimbledon hospitality has really got them frothing into their sackcloth. These people seem to dream of some shining future in which MPs don’t [...]
Gazprom Neft reinstates the chief exec it replaced less than a week ago June 22, 2009 RUSSIAN oil and gas giant Gazprom yesterday did a U-turn over its plans for Aim-listed Sibir Energy, re-appointing Stuard Detmer as chief executive of the firm just days after replacing him with a candidate from its own legal team. Sibir said in a statement it had re-appointed Detmer at the request of the group’s oil [...]
Gazprom Neft reinstates the chief exec it replaced less than a week ago June 22, 2009 RUSSIAN oil and gas giant Gazprom yesterday did a U-turn over its plans for Aim-listed Sibir Energy, re-appointing Stuard Detmer as chief executive of the firm just days after replacing him with a candidate from its own legal team. Sibir said in a statement it had re-appointed Detmer at the request of the group’s oil [...]
Gazprom closing in on Sibir June 18, 2009 Russian gas export giant Gazprom Neft yesterday appointed Igor Tsibelman as new chief executive of Sibir Energy in a sign the state-controlled oil major is tightening its grip on the London-listed company. Tsibelman, head of international legal affairs at Gazprom Neft, will replace Sibir Energy’s acting chief executive Stuard Detmer with immediate effect, Sibir said. [...]