ANALYST VIEWS: IS EASYJET’S STRATEGY PROVING SOUND? March 26, 2012 JAMES HOLLINS | INVESTEC EasyJet is driving better-than-expected yields, as well as benefiting from the failure of competitors. The cost efficiencies have also helped. But there are a number of headwinds in the second half, including fuel costs. DOUGLAS MCNEIlL | CHARLES STANLEY Chief executive Carolyn McCall’s second full year in charge is shaping up [...]
PAINTING A PICTURE OF RBS PAST AND PRESENT March 26, 2012 Auctioneers at Bonhams, the fine art house, are hoping that all the (mainly bad) news about the Royal Bank of Scotland and the debate about Scottish independence may have a beneficial impact on the demand for a portrait being sold next month in the firm’s Edinburgh office. Bonhams is auctioning a portrait of Archibald Campbell, [...]
Hair cuts for free at hmv March 26, 2012 HMV’s Oxford Street store yesterday hosted a charity head shave in support of the Teenage Cancer Trust. Those who had raised £50 each were given a free hair cut in front of the store’s lunchtime shoppers in an event timed to coincide with the release of the comedy 50/50. Picture: Laura Lean / CITY A.M.
BG and Ophir shares up on large gas find March 26, 2012 BRITISH gas producer BG Group and its partner Ophir Energy have discovered a bigger than expected gas deposit off the coast of Tanzania, the pair said yesterday. BG’s shares jumped 1.8 per cent after it said it had come closer to the minimum volumes required for a liquid natural gas development. The discovery made at [...]
Deripaska poised to snap up Rusal’s Norilsk Nickel stake March 26, 2012 RUSSIAN tycoon Oleg Deripaska is ready to buy Rusal’s 25 per cent blocking stake in Norilsk Nickel to resolve a shareholder dispute at the world’s largest aluminium producer, a source close to the Rusal board said. Deripaska’s gambit seeks a way out of a row with minority shareholder Viktor Vekselberg, who quit as Rusal’s chairman [...]
Bowleven pares losses as it strikes oil in Cameroon March 26, 2012 BOWLEVEN said yesterday that two of its exploration wells in the Douala Basin in Cameroon have found oil, as the West Africa-focused oil firm reported a narrower first-half loss. Bowleven, which has been in the news lately after Turkmenistan-focused Dragon Oil revealed it was in the early stages of making a bid for the firm [...]
Salamander profits rise but production is lower March 26, 2012 SALAMANDER Energy recorded a pre-tax profit for 2011 but production slipped, it said yesterday. The oil and gas group swung back into the black as it saw a profit of $112.6m (£70.5m) in the 12 months to 31 December. The previous year the company recorded a $113.7m loss. Revenues rose from $323.4m to a record [...]
Total hit by North Sea gas leak March 26, 2012 Total UK has shut down oil and gas production from its Elgin Franklin platform in the North Sea and evacuated staff following a gas leak on Sunday, the company said yesterday. Total UK said that operations had ceased and that all 238 personnel had been accounted for and no injuries had been reported. A gas [...]
Kenya announces first oil find March 26, 2012 Kenya yesterday announced its first oil discovery, saying it was found in the northern part of the country where British explorer Tullow Oil has been conducting exploratory drilling. The firm said the discovery was “beyond our expectations”, helping send the company’s shares up 6.6 per cent to £15.70. Kenya and its neighbours in east Africa [...]
Boris pledges to get rid of Tube drivers March 26, 2012 BORIS Johnson has announced an all-out push towards automation of the Tube network, pledging that he will never again buy a Tube train that requires a driver. “It is time for London to learn from other metro networks and get the benefits of automatic train control. It is time to move forward with ‘train captains’ [...]
