Lenders pursuing Battersea owner November 30, 2011 LENDERS to Battersea Power Station could force parts of its owner into administration, after running out of patience over loan repayments. Creditors including Lloyds Banking Group and Ireland’s National Asset Management Agency have applied to send some arms of the Battersea Power Station Shareholder Vehicle (BPSSV) into administration after the group said it could not [...]
Alibaba could bid for Yahoo November 30, 2011 Blackstone, Bain Capital and Chinese tech firm Alibaba are said to be in talks to make a bid for the whole of troubled internet giant Yahoo. The two buyout houses are eager to acquire Yahoo’s core US operations, one source said, adding that the composition of the consortium, which will also involve Japan’s Softbank Corp, [...]
Glitnir’s former chief arrested November 30, 2011 ICELAND’S special prosecutor arrested the former chief executive of Glitnir Bank yesterday and questioned nearly two dozen people related to the collapse of the bank in 2008. Olafur Hauksson said his office had made several arrests — the first for activities related to the failed commercial bank. He told local media that former chief executive [...]
Now Bank of America joins in our appeal November 30, 2011 THERE’S a clear-cut case for using our hard-earned money to give people on the other side of the world the chance to prosper. At least, that’s how Jonathan Moulds (pictured), Europe president at Bank of America Merrill Lynch, sees it. The bank is backing our Christmas appeal after seeing the difference our charity of choice [...]
WEEK TWO: £142,000 RAISED November 30, 2011 OUR Christmas appeal has had a huge boost this week after Bank of America Merrill Lynch came on board and pledged a significant donation to the fund. We are very grateful to the bank and all its staff for its generous support and delighted that they are backing our campaign for Opportunity International. More than [...]
CHIEF EXECUTIVE, OPPORTUNITY INTERNATIONAL UK, EDWARD FOX November 30, 2011 We all know the old adage that “sex sells”, but it’s not something that comes across a charity chief executive’s desk very often. I don’t have to deal with complaints very frequently, either. But here’s one passed on to me from one of our thriving satellite branches in a busy marketplace in southern Malawi. Most [...]
CROZIER’S MOMENT IN THE SPOTLIGHT AS HE WINS INDUSTRY GONG November 30, 2011 ITV is already riding high in the stock markets, having advanced this week after a favourable UBS note and ongoing speculation it could be the target of a premium private equity bid. But last night the broadcaster had another reason to celebrate, after chief executive Adam Crozier picked up the Institute for Turnaround’s (IFT) annual [...]
Glencore in retreat from $475m deal November 30, 2011 COMMODITY trader and miner Glencore has pulled out of its planned $475m acquisition of the owner of Peru’s Mina Justa copper project, saying the seller failed to satisfy necessary conditions. Glencore, the world’s largest diversified commodity trader, had announced in July it planned to buy a 70 per cent interest in Marcobre — owner of [...]
Cairn hit by another setback as drilling in Greenland fails November 30, 2011 CAIRN Energy has been hit by another blow after it announced that it had failed to find oil in two more wells in Greenland. The company’s shares fell yesterday, after the failure followed the closure of three other wells earlier in the year, leaving its $600m exploration project in trouble. Edinburgh-based Cairn launched its exploration [...]
Former Scotland rugby cap can’t pull off India success in Greenland November 30, 2011 “THERE’S a whole ocean of oil under our feet! No one can get at it except for me!” So screams Daniel Day Lewis as Plainview in Hollywood blockbuster There Will be Blood. Sir Bill Gammell, then chief executive of Cairn, must have expressed similar sentiments when he struck lucky in India in 2004. The former Scotland [...]
