Chancellor regrets taking on Andy Coulson as spin doctor July 25, 2011 CHANCELLOR George Osborne yesterday said he regrets the appointment of Andy Coulson as the Number 10 communications chief. Former News of the World editor Coulson’s role in the government has come under intense scrutiny since his arrest as part of the phone hacking scandal. Osborne was singled out by former News International boss Rebekah Brooks [...]
Twitter fundraising gives it valuation of over $8bn July 24, 2011 A NEW round of funding is set to value microblogging site Twitter at a staggering $8bn (£4.9bn). It is understood Russian investment firm Digital Sky Technologies (DST) will take a stake of around $400m, with another $400m being split between other investors. US fund manager T Rowe Price will invest up to $90m in the [...]
Twitter fundraising gives it valuation of over $8bn July 24, 2011 A NEW round of funding is set to value microblogging site Twitter at a staggering $8bn (£4.9bn). It is understood Russian investment firm Digital Sky Technologies (DST) will take a stake of around $400m, with another $400m being split between other investors. US fund manager T Rowe Price will invest up to $90m in the [...]
Travel Notes July 24, 2011 ROMAN SAVINGS Rome in high summer is no fun if you aren’t doing it properly. You don’t want to slog miles across the city through the crowds; no, you want the Forum on your doorstep. The luxe Palazzo Manfredi, a 17th century palazzo in the heart of the historical centre of Rome, offers a rather [...]
FOREIGN EXCHANGE AS MOSCOW MOVES TO BECOME WORLD-CLASS July 21, 2011 CAN MOSCOW ever become a world-class financial centre? BP may have had its fingers burned over the ill-fated Rosneft deal, but Anglo-Russian relations are being improved behind the scenes following a Moscow-London foreign exchange to set up the Moscow International Finance Centre (MIFC). First, Lord Mayor Michael Bear – the co-chairman of the MIFC Liaison [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 20, 2011 FINANCIAL TIMES BLACKSTONE STRIKES €700M DEAL TO BUY GERMANY’S JACK WOLFSKIN Blackstone has agreed to take over outdoor clothing company Jack Wolfskin in a €700m ($995m) deal that underlined the rapid transformation of the sector from local businesses to international brands. The US buy-out group will announce on Thursday that it will acquire the German [...]
Vallares eyes Russian deals worth £8bn July 17, 2011 TONY Hayward, the former chief executive of BP, is considering a bid for two major Russian oil producers in a deal that could be worth around £8bn. Vallares, Hayward’s investment vehicle, has held early stage talks with Bashneft, one of Russia’s biggest oil producers, as well as Russneft, a smaller rival, City A.M understands. Both [...]
Vallares eyes Russian deals worth £8bn July 17, 2011 TONY Hayward, the former chief executive of BP, is considering a bid for two major Russian oil producers in a deal that could be worth around £8bn. Vallares, Hayward’s investment vehicle, has held early stage talks with Bashneft, one of Russia’s biggest oil producers, as well as Russneft, a smaller rival, City A.M understands. Both [...]
Russia’s Mechel mulls £2.5bn London float July 17, 2011 MECHEL looks set to be the next blue-chip Russian firm to list on the London Stock Exchange. The group – one of Russia’s biggest steel miners – is understood to be in the early stages of planning a flotation of around a quarter of its mining subsidiary to raise up to £2.5bn. The deal could [...]
Russia’s Mechel mulls £2.5bn London float July 17, 2011 MECHEL looks set to be the next blue-chip Russian firm to list on the London Stock Exchange. The group – one of Russia’s biggest steel miners – is understood to be in the early stages of planning a flotation of around a quarter of its mining subsidiary to raise up to £2.5bn. The deal could [...]