Statoil to buy stake in offshore Suriname November 18, 2011 Norwegian oil company Statoil is moving into offshore Suriname by buying a stake in Tullow Oil’s exploration rights. Statoil will own 30 per cent of the block 47 territory, with Tullow retaining the other 70 per cent. Royal Dutch Shell and French firm Total have also invested in the area, seen by Tullow as a [...]
Markets dragged down by weak banks November 18, 2011 The FTSE 100 edged lower today as the ongoing crisis with Eurozone debt continued to sap investor confidence, particularly in banks. Across Europe markets slumped, with the FTSEurofirst 300 index of top European shares down 0.7 per cent in early trading. It is on course to fall more than three per cent over the week, [...]
Evolution axes 60 investment banking jobs November 18, 2011 Evolution Group, the mid-sized investment bank that is being taken over by South African rival Investec, said it will cut 60 jobs as a result of tough market conditions. “Due to the current depressed levels of income within the business, management has taken action to reduce the cost base from quarter four onwards,” Evolution said [...]
Tullett trading slows November 18, 2011 Broker Tullett Prebon said trading activity has slowed in recent weeks, leaving its revenue for the year flat on last year, after a stronger trading period to the end of last month. Tullett said in an emailed statement that revenue for the four months to the end of October was 8 percent higher than last [...]
Capita hit by economic headwinds November 18, 2011 Outsourcing group Capita said continued spending pressure on cash-strapped clients meant it would only deliver “reasonable” 2011 revenue growth, although a strong bid pipeline left it more positive for 2012. Capita, which runs the Teachers’ Pension Scheme and the Criminal Records Bureau in the UK, said on Friday it expected full-year revenue growth to be [...]
Blatter race row heats up as Ferdinand leads outcry November 17, 2011 EMBATTLED Fifa president Sepp Blatter was facing fresh calls to resign last night after he stood by his comments claiming racism in football is not prevalent, a stance which sparked a public spat between himself and Manchester United defender Rio Ferdinand. On a day when British footballers and politicians united in their blanket condemnation of [...]
Wounded Fifa chief won’t quit November 17, 2011 ONCE again Sepp Blatter, the most powerful bureaucrat in world football, finds himself the subject of ridicule, vitriol and calls to step down. But once again, there is virtually no prospect of him doing anything other than riding out the storm and waiting for the next one. A few months ago he and his organisation [...]
SEPP’S ARMY OF DETRACTORS November 17, 2011 “It’s appalling to suggest that racism in any way should be accepted as part of the game – PM David Cameron” “Sepp Blatter’s comments are completely unacceptable. This is the latest episode that calls into question whether this man should be the head of world football – Sports Minister Hugh Robertson” “Coming on top of [...]
Johnno should have turned down England November 17, 2011 ENGLAND’S World Cup winning coach Sir Clive Woodward revealed he advised Martin Johnson to turn down his old job back in 2008 and believes the Rugby Football Union took a gamble that was always likely to backfire by hiring a rookie manager. Johnson, who resigned on Wednesday after three-and-a-half years in the role, led the [...]
Swann: England primed to overcome their final frontier November 17, 2011 AFTER a year which has seen England cement their position at the head of the Test cricket, as well as record series victories over the two nations that contested the 50-over World Cup final in April, spinner Graeme Swann believes winning in the subcontinent this winter would complete the cycle of Andrew Strauss’s side. England [...]
