London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Deripaska eyes new IPO August 11, 2010 Russian oligarch Oleg Deripaska is understood to be valuing his electricity producer EuroSibEnergo at around $8bn (£5.1bn) ahead of a planned Hong Kong IPO this autumn. The billionaire, who successfully listed aluminium giant Rusal on the same bourse in January, is currently marketing his power unit – formerly called En+ Power – to potential cornerstone [...]
RWE starts auction for German grid August 11, 2010 GERMANY’S RWE, Europe’s fifth-largest utility, said it has launched an auction process for the sale of its gas transmission network Thyssengas. RWE, which has to sell the business by March 2011 after settling an EU antitrust investigation, said it was expecting expressions of interest for the grid by 25 August. “We contacted potential investors from [...]
Tribal Group receives bid approaches August 11, 2010 TRIBAL Group, which provides government outsourcing services and coordinates school inspections, saw its shares leap yesterday after confirming it had been the subject of a slew of takeover approaches. The interest is thought to have come primarily from private equity companies, with Asia-focused New Silk Route (NSR) or larger rival Capita touted as potential buyers. [...]
Micro Focus slashes its revenue target August 11, 2010 Micro Focus International was forced to slash its full-year revenue target after underlying growth stalled in the first quarter, with customers delaying contracts and low-value deals remaining weak. The firm’s shares fell 31 per cent to a 16-month low yesterday after the company, which upgrades legacy mainframe applications for companies like Boeing and Tesco, updated [...]
Deutsche eyes EU greens August 11, 2010 Alternative energy investment prospects have shrivelled in the United States after the Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said. “You just throw your hands up and say… we’re going to take our money elsewhere,” said Kevin Parker, global head of the bank’s Deutsche Asset Management Division. [...]
New Five boss wanted Airey August 11, 2010 NEW Channel Five owner Richard Desmond was desperate to maintain the services of outgoing chief executive Dawn Airey before her shock resignation yesterday, according to industry sources. Airey has enacted a clause in her contract that guaranteed her a senior role at former Five parent company RTL in the event of the broadcaster being bought. [...]
BlackBerry faces India disconnection August 11, 2010 JUST days after avoiding its services being shut down in Saudi Arabia, BlackBerry is facing an even bigger problem, with India questioning whether to allow its services. The emerging economic superpower may temporarily shut down BlackBerry’s messenger and email facilities if security concerns are not addressed in a meeting later today. The news will heap [...]
Ousted HP boss lowest rated CEO August 11, 2010 THE HP boss who was forced out after allegations by a former porn star had the lowest employee-rating of any major tech chief executive. Glassdoor, a website that allows employees to anonymously rate companies and their bosses, has Mark Hurd languishing at just 34 per cent approval, falling as low as 19 per cent last [...]
Google Street View put under scrutiny by German officials August 11, 2010 THE German government said yesterday it will scrutinise Google’s promise to respect privacy requests by letting people opt out of its Street View mapping system and that it would be ready to intervene if necessary. The response to Street View has been overwhelmingly negative, even though Germans have been given assurances they can have images [...]
Minerva calls EGM following KiFin bust-up August 11, 2010 PROPERTY developer Minerva has called an emergency meeting to drum up support following demands for a boardroom shake-up from rebel investor KiFin, owned by billionaire Nathan Kirsh. In the latest chapter of an extended power struggle at Minerva, KiFin has proposed the sacking of chairman Oliver Whitehead and chief executive Salmaan Hasan and called for [...]
