LIKE FATHER, LIKE SON IN THE WORLD OF SPIN June 17, 2010 TO THE Kensington home of City slicker Roland Rudd, the boss of PR firm Finsbury, last night for his annual party, one of the highlights of the summer schmoozing circuit. Grandees of the worlds of business and politics were there in their droves for the event, including WPP boss Sir Martin Sorrell; Royal Bank of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2010 Financial times TNK-BP STEP UP SALE OF GAS FIELD TNK-BP, BP’s Russian joint oil venture, ratcheted up the pressure for a sale of its vast Kovykta gas field on Thursday, announcing that it was pushing the unit that owns the licence to the field into bankruptcy. The move raises the stakes over the future of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2010 Financial times TNK-BP STEP UP SALE OF GAS FIELD TNK-BP, BP’s Russian joint oil venture, ratcheted up the pressure for a sale of its vast Kovykta gas field on Thursday, announcing that it was pushing the unit that owns the licence to the field into bankruptcy. The move raises the stakes over the future of [...]
Lower commodity prices and concerns over Greek debt weigh on FTSE stocks April 21, 2010 BRITAIN’S top share index ended down yesterday as lower commodity prices hit miners and oil stocks and concerns over Greece’s debt returned to haunt banks, though positive broker comment boosted food retailers. The FTSE 100 index closed down 60.26 points, or 1 per cent, at 5,723.43, giving back Tuesday’s one per cent gain. “Equity sentiment [...]
FTSE 100 closes up as the market is boosted by rising mining companies April 26, 2010 BRITAIN’S top share index closed higher yesterday, boosted by miners as metals rose and overcoming wariness about the outcome of Greece’s debt problem. The FTSE 100 closed up 30.20 points, or 0.5 per cent, at 5,753.85, extending Friday’s one per cent rally, but below yesterday’s intra-day peak of 5,800.66. Antofagasta, Eurasian Natural Resources and Kazakhmys [...]
City hits out at new loan cop March 25, 2010 BANKS have slammed government plans for a credit adjudication service to force them to lend more money to businesses, describing the idea as “just another layer of bureaucracy”. Alistair Darling used Wednesday’s Budget to announce the creation of a watchdog which would be able to intervene when a company felt it had been unfairly refused [...]
Forget south africa; the world cup is coming to bishopsgate June 8, 2010 ROYAL Bank of Scotland has clearly been keeping an ear out for all the sage words of wisdom dropping from the sky over the World Cup. The four-yearly event is one of the most sought-after corporate hospitality gigs in the calendar, but RBS, mindful of that taxpayer bailout it received during the crisis, isn’t biting. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2010 FINANCIAL TIMES ROLLS-ROYCE SPIRITS BUOYED BY GHOST Rolls-Royce says it will at least double its sales this year, thanks to the launch of its new Ghost model and a resurgance in demand for its high-priced cars around the world. Sales of the BMW-owned brand’s cars in China, where Rolls-Royce has seven dealerships, will for the [...]
Race for RBS assets hots up as bids fly in April 6, 2010 THE main players in the battle to snap up 318 Royal Bank of Scotland branches have all tabled indicative bids, City A.M. has learned. Santander, Virgin Money and National Australia Bank, the owner of Clydesdale Bank, have all privately confirmed their interest in the state-owned assets. It is also thought Banco Bilbao Vizcaya Argentina (BBVA) [...]
Banks and energy companies push the FTSE slightly higher but miners struggle April 12, 2010 Gains from banks and energy stocks outweighed weaker miners to leave Britain’s top share index slightly higher by the close yesterday, as anxiety about debt-plagued Greece eased, supporting risk appetite. The FTSE 100 ended the day 6.67 points higher at 5,777.65, slipping back after hitting an intra-day peak since June 2008 of 5,803.71 early in [...]