WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2010 FINANCIAL TIMES KPMG HIRES NON-EXECUTIVE DIRECTORS FOR NEW OVERSIGHT BODY KPMG Europe has hired three non-executive directors to sit on a new oversight body in a move that highlights the differing ways big audit firms are complying with regulatory changes in the UK. The directors are: Sir Steve Robson, a retired senior civil servant at [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 14, 2010 FINANCIAL TIMES LLOYDS TO SPIN OFF BUY-OUT ARM The private equity arm of Lloyds Banking Group has for the first time outlined plans for the UK’s most prolific buy-out investor to spin off from its banking parent. Darryl Eales, chief executive of Lloyds TSB Development Capital, said it was expected to start raising money from [...]
Strand founder strikes back at legal claim over Sibir fees July 26, 2010 ADVISERS acting for Strand Partners founder and former chairman Richard Fenhalls have hit back at claims he owes the firm a share of the £7.6m in advisory fees paid to him last year by oil firm Sibir Energy. Strand Partners – now named Strand Hanson – has initiated legal proceedings against Fenhalls to try and [...]
Gazprom third quarter profits up on joint ventures and currencies February 1, 2010 Russian state-run energy company Gazprom posted a forecast-beating 33 per cent rise in third-quarter net profit, thanks to successful investments in jointly controlled entities and a foreign exchange gain. Gazprom’s shares closed up 1.8 per cent at 189.85 roubles (£3.93) on Moscow’s MICEX, bucking a downward trend on the broader market, where the oil and [...]
Strand Hanson in legal claim over £7.6m fee paid to firm’s founder July 25, 2010 CORPORATE advisory firm Strand Hanson has initiated legal proceedings against its founder and former chairman, claiming he owes the firm a share of £7.6m in advisory fees he raked in last year when working for oil company Sibir Energy. Richard Fenhalls, who launched Strand Hanson – then named Strand Partners – 17 years ago, is [...]
Russia cuts Belarus gas supply June 21, 2010 Russia’s gas monopoly Gazprom started to cut supplies to neighbouring Belarus as a dispute over unpaid debts escalated yesterday. Belarus said it would pay its gas bills within two weeks. The EU has expressed concern at Russia’s promise to extend the cuts.
Russia cuts Belarus gas supply June 21, 2010 Russia’s gas monopoly Gazprom started to cut supplies to neighbouring Belarus as a dispute over unpaid debts escalated yesterday. Belarus said it would pay its gas bills within two weeks. The EU has expressed concern at Russia’s promise to extend the cuts.
BP hopes to double oil captured June 7, 2010 EMBATTLED oil major BP could soon siphon off up to 20,000 barrels a day from its leaking well in the Gulf of Mexico – twice the amount it is currently collecting. US Coast Guard Admiral Thad Allen, who is leading the operation for the American government, said that BP could contain twice as much oil [...]
BP hopes to double oil captured June 7, 2010 EMBATTLED oil major BP could soon siphon off up to 20,000 barrels a day from its leaking well in the Gulf of Mexico – twice the amount it is currently collecting. US Coast Guard Admiral Thad Allen, who is leading the operation for the American government, said that BP could contain twice as much oil [...]
Duty hits Gazprom November 24, 2009 Russian gas export monopoly Gazprom may lose around 380bn roubles (£8.17bn) in 2009-2010 due to higher than expected custom duties. The state-run gas giant has already asked the government to settle the dispute that could cost the company around 111.7bn roubles this year and 274.4bn roubles in 2010. But it is still unclear if the [...]