CITY MOVES Who’s switching jobs August 18, 2009 RBC Capital MarketsThe corporate and investment banking arm of the Royal Bank of Canada has hired Phil Halper as a director in its Scandinavian rates trading team, based in London. Halper joins the firm with 15 years of market experience, having most recently worked at the Royal Bank of Scotland, where he was a senior [...]
Fresh row in TNK-BP saga May 27, 2009 THE acrimony between BP and its partners in the TNK-BP joint venture flared up anew yesterday as a group of Russian shareholders put up their own candidate to rival the British company’s choice of chief executive. BP unveiled Pavel Skitovich, a former head of Russian mining firm Polyus Gold, as its choice to lead the [...]
Murdoch’s London Paper closes its doors for now August 20, 2009 NEWS International’s decision to close the London Paper will come as a huge blow to its 60 staff, who will now enter a month-long consultation. They have worked hard to create a product which has been a massive success in many ways. Its revolutionary design, for example, has been critically acclaimed and the paper has [...]
Murdoch’s London Paper closes its doors for now August 20, 2009 NEWS International’s decision to close the London Paper will come as a huge blow to its 60 staff, who will now enter a month-long consultation. They have worked hard to create a product which has been a massive success in many ways. Its revolutionary design, for example, has been critically acclaimed and the paper has [...]
Profits at BP slump by half in downturn July 28, 2009 OIL giant BP yesterday said that second quarter profits had slumped by more than half as it continued to suffer from falling energy demand and a weak oil price. According to the replacement cost profit measure – which strips out gains or losses related to any changes in the value of its fuel stocks – [...]
Profits at BP slump by half in downturn July 28, 2009 OIL giant BP yesterday said that second quarter profits had slumped by more than half as it continued to suffer from falling energy demand and a weak oil price. According to the replacement cost profit measure – which strips out gains or losses related to any changes in the value of its fuel stocks – [...]
Europan Union fines E.on and GDF Suez 1bn for collusion July 8, 2009 UTILITY giants E.On and Gaz De France (GDF) Suez were fined a total of almost £1bn by the European Commission’s competition regulators yesterday, who said the pair had divided up gas markets and deprived customers of price competition. Germany’s E.On and France’s GDF Suez were fined €553m (£477m) each, after it emerged that they had [...]
Europan Union fines E.on and GDF Suez 1bn for collusion July 8, 2009 UTILITY giants E.On and Gaz De France (GDF) Suez were fined a total of almost £1bn by the European Commission’s competition regulators yesterday, who said the pair had divided up gas markets and deprived customers of price competition. Germany’s E.On and France’s GDF Suez were fined €553m (£477m) each, after it emerged that they had [...]
Spain to offer banks bailout, Russia might June 25, 2009 THE SPANISH government is to establish a €90bn (£77bn) fund for its financial institutions, while Russia is pondering a similar rescue package for its own banks. Spain’s cabinet meets today and is likely to approve a proposal which will see lenders, including those who are not deemed to have capital shortfalls, given access to a [...]
Gazprom closing in on Sibir June 18, 2009 Russian gas export giant Gazprom Neft yesterday appointed Igor Tsibelman as new chief executive of Sibir Energy in a sign the state-controlled oil major is tightening its grip on the London-listed company. Tsibelman, head of international legal affairs at Gazprom Neft, will replace Sibir Energy’s acting chief executive Stuard Detmer with immediate effect, Sibir said. [...]