FTSE breaks winning streak on worries over Euro bailout October 11, 2011 THE FTSE 100 share index snapped a four-day winning streak yesterday, as worries over Europe’s debt problems and the impact on the global economic recovery prompted investors to bank some of the recent gains made in commodity and financial stocks. The index closed down 3.3 points, or 0.1 per cent at 5,395.70, but recovered from [...]
Uncertain outlook could reap rewards June 12, 2011 WITH four recent departures and a rumoured fifth in the works, the board of ENRC is looking anything but steady. Already trading at a discount after buying disputed mining rights in the Congo last year, its shares plummeted by more than seven per cent on Friday in the wake of the shareholder vote. With a [...]
Banks slump as service sector data disappoints September 5, 2011 Stocks have retreated this morning after a poor overnight session in Asia and over intensifying concerns that economies worldwide face recession. London’s FTSE 100 has been hit by a barrage of fears over global growth since US employment data on Friday showed job creation slumped to zero in August. Service sector data from China has [...]
Banks slump as service sector data disappoints September 5, 2011 Stocks have retreated this morning after a poor overnight session in Asia and over intensifying concerns that economies worldwide face recession. London’s FTSE 100 has been hit by a barrage of fears over global growth since US employment data on Friday showed job creation slumped to zero in August. Service sector data from China has [...]
ROTHSCHILD OUTGUNS TURKS IN OIL DEAL September 7, 2011 VALLARES, the investment vehicle set up by Nat Rothschild and former BP boss Tony Hayward, yesterday agreed a deal to buy Turkish oil giant Genel Enerji in a $2.1bn (£1.3bn) transaction that sees the owners virtually frozen out of the management of the group. Vallares negotiated a share structure that sees both companies take an equal [...]
ROTHSCHILD OUTGUNS TURKS IN OIL DEAL September 7, 2011 VALLARES, the investment vehicle set up by Nat Rothschild and former BP boss Tony Hayward, yesterday agreed a deal to buy Turkish oil giant Genel Enerji in a $2.1bn (£1.3bn) transaction that sees the owners virtually frozen out of the management of the group. Vallares negotiated a share structure that sees both companies take an equal [...]
ENRC advised by PwC on UK tax move January 6, 2011 ENRC, the mining group partly-owned by the Kazakh government and listed on the FTSE, has been advised that by relocating to Switzerland it could save itself £20m a year in tax. According to SkyNews, the group was given the advice by its auditors PricewaterhouseCoopers several months ago but the matter has not been considered at [...]
US debt fears cast shadow on stocks July 26, 2011 UK stocks crawled back into the black today as uncertainty over the US debt ceiling continued to cast a shadow over trading. Appetite for risk remained subdued amid a raft of corporate earnings and economic data showing US and UK economies still struggling to return to growth. The FTSE 100 closed just 0.08 per cent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]