THETINMAN November 25, 2009 Russian oligarch Oleg Deripaska will lose majority control of aluminium producer Rusal following a planned flotation of the company, said Russian finance minister Alexei Kudrin yesterday. “After VEB (the Russian state-owned bank) buys a stake, the government and Deripaska will control the company,” he said. Picture: reuters
CITY MOVES | WHO’S SWITCHING JOBS February 14, 2010 Marriott Harrison The City law firm has appointed Jill Andrew and Bob Cordran, pictured, as partners in its employment team. Andrew joins from Dawsons and was also previously a senior partner at employment boutique Archon. Cordran formerly worked at Thomas Eggar, Simmons & Simmons and Olswang, and has particular expertise in advising on issues related [...]
Redknapp ponders van Nistelrooy bid January 19, 2010 TOTTENHAM boss Harry Redknapp admits he is interested in signing striker Ruud van Nistelrooy on loan. The former Manchester United hitman, 33, has been linked with a return to the Premier League after falling out of favour at Real Madrid. But while Redknapp heads the queue for the free-scoring Dutchman, the deal would only hinge [...]
Fabregas ignoring Gunners’ critics as Chelsea clash looms February 1, 2010 ARSENAL captain Cesc Fabregas is refusing to accept their title challenge is over, and has urged his team-mates to prove the doubters wrong against Chelsea on Sunday. A crushing 3-1 loss at home to Manchester United at the weekend has left the Gunners five points behind the Blues, and feeling utterly deflated. Even Arsenal forward [...]
Russian billionaire to rescue Setanta June 14, 2009 SPORTS broadcaster Setanta has been rescued by Russian-American industrialist Len Blavatnik, who has offered to put up £20m in return for a 51 per cent stake in the struggling business. Blavatnik’s company, Access Industries confirmed that it had submitted an offer, which is subject to a “number of pre-conditions”. “Access believes that this proposal would [...]
Russian billionaire to rescue Setanta June 14, 2009 SPORTS broadcaster Setanta has been rescued by Russian-American industrialist Len Blavatnik, who has offered to put up £20m in return for a 51 per cent stake in the struggling business. Blavatnik’s company, Access Industries confirmed that it had submitted an offer, which is subject to a “number of pre-conditions”. “Access believes that this proposal would [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 7, 2010 THE SUNDAYS The Sunday Telegraph NORTHERN ROCK £400M LOSS Northern Rock made multi-million pound losses for a third year running in 2009, the nationalised lender will reveal this week. The bank will report pre-tax losses of about £400m, analysts believe, a marked improvement on the £1.36bn of losses in 2008. Since the Government bailed it [...]
Gerrard and Torres may have to go, admits Rafa January 10, 2010 LIVERPOOL boss Rafael Benitez has admitted the club’s cash crisis could force him to sell star duo Steven Gerrard and Fernando Torres. The Spaniard has always said he would never consider a bid for either of his star men, but confessed for the first time yesterday that a lack of funds may force his hand. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 21, 2010 FINANCIAL TIMES MUSIC INDUSTRY CLAIMS 95 PER CENT OF DOWNLOADS ILLEGAL AS CD SALES FALL A quarter of all recorded music industry revenues come from digital channels but online file-sharing continues to undermine the global music industry, with sales of physical and digital music falling last year, according to trade body the International Federation of [...]
Rusal IPO ignores retail investors December 21, 2009 The Hong Kong regulator has imposed unusual restrictions on private investor participation in the $2bn (£1.2bn) flotation of UC Rusal on the Hong Kong stock market, the first IPO by a Russian company in the city. The Securities and Futures Commission has insisted on a minimum entry level of HK$1m for those wishing to take [...]