Higher prices hurt Gazprom November 9, 2009 GAZPROM, the state-owned Russian energy giant, yesterday said its profits for the first six months of the year had halved, even as the cost of gas soared. Profits in the period tumbled to 305.8bn roubles (£6.3bn) from 609.4bn roubles in the first half. The company blamed the price of buying gas from central Asia, which [...]
ENI to approve EDF entry into South Stream April 29, 2010 Eni should approve French utility EDF’s entry to its South Stream gas pipeline venture within weeks, giving a boost to the mammoth project which had appeared to be stalling as gas prices plunged. Eni chief executive Paolo Scaroni yesterday said the allocation of a stake to EDF did not necessarily have to be equally split [...]
Osborne must show his true colours June 15, 2010 THERE will be plenty of banker-bashing from George Osborne when he delivers his first Mansion House speech to the City tonight. The audience of movers and shakers will barely notice; financiers are used to the abuse by now. Most of the proposals have been well trailed: a new levy on balance sheets (which could raise [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 6, 2010 FINANCIAL TIMES GAZPROM TO LAUNCH RUSSIA’S BIGGEST BOND ISSUE Gazprom will seek to raise Rbs300bn ($10.2bn) in Russia’s biggest bond issue programme to date, as the gas export monopoly tries to take advantage of a booming domestic bond market to restructure its debts and raise funds for upcoming investments. Gazprom said it had mandated Gazprombank, [...]
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 [...]
Banks slam plan to shake up takeovers April 12, 2010 LABOUR manifesto proposals to make mergers between companies more difficult to complete came under fire from the City’s investment banking community yesterday. The government controversially said all takeovers – whether hostile or not – should require the approval of 66 per cent of shareholders rather than the current straight majority. It also said a “public [...]
British Land secures 465,000 square feet of London lettings as market turns March 31, 2010 RECESSION-HIT London remains a magnet for office occupiers, property company British Land showed yesterday, after announcing 465,000 square feet of new lettings since February, hiking its occupancy to 92 per cent. The real estate investment trust said it had let 117,000 square feet at its 10 Triton Street project in London’s West End to Aegis [...]