CITY VIEWS: WOULD YOU SHOP IN THE CITY AT WEEKENDS? December 1, 2011 LUCY DILLAWAY | CALYX “I would if the trains were working. I live in East London, and the DLR is not always on. The trains aren’t consistent on the weekend, so it’s hard to come in. I’ll shop near home or online instead.” NICKY DOCKREE | AWD “Normally I’d go to the West End to [...]
City shops open their doors to weekend trade December 1, 2011 IN a push to encourage shopping in the City, the Royal Exchange and Leadenhall Market will open this Saturday and Cheapside will be pedestrianised. This will be the first time Cheapside has been open for business on a weekend in over a century. Over 150 stores will be trading, with many offering discounts and complimentary treats [...]
Polyus ready to list in the UK, says boss chief December 1, 2011 RUSSIAN firm Polyus Gold is ready for a premium listing on the London Stock Exchange if market conditions remain as they are, according to the boss of a company with a blocking stake in the miner. Dmitry Razumov, chief executive of Onexim group, said: “We are heading towards the premium listing and will definitely get [...]
Goldman is gloomy about the European economy but thinks oil is on the up December 1, 2011 GOLDMAN Sachs reckons a bet against European high-yield corporate debt is the most promising trade for 2012, according to a research note out yesterday. The banking giant said if Europe sinks into recession, as it expects, then high-yield firms will come under “considerable pressure”. Goldman is also gloomy about German bunds, telling traders to bet [...]
Mercuria raises $1.1bn to fund future growth December 1, 2011 MERCURIA, one of the world’s top energy traders, has raised almost $1.1bn (£700m) through a loan facility and the sale of oil and gas assets, beefing up its balance sheet for future growth, its chief executive said yesterday. Marco Dunand said that Mercuria Energy Trading’s Singapore unit was about to close the books on a [...]
Rio Tinto wins bid for Hathor December 1, 2011 FTSE 100 miner Rio Tinto yesterday declared a C$4.70 per share bid for Canadian uranium miner Hathor Exploration a success, after securing acceptances from over 70 per cent of its shareholders. The group said that around 94.95m Hathor shares were tendered by shareholders or already owned by Rio Tinto, representing 70.21 per cent of the [...]
Premier makes North Sea find December 1, 2011 Premier Oil yesterday announced another discovery in the North Sea. The FTSE 250-listed oil producer said its Erne well hit oil with a drilling at 5,562 feet. Premier, which owns a 50 per cent interest in the well, said the column included 20 feet of net oil and ten feet of net gas.
Afren in Nigeria block deal December 1, 2011 First Hydrocarbon Nigeria, which is partly owned by London-listed Afren, confirmed yesterday the purchase of a 45 per cent stake in Nigerian oil block OML 26 for $147.5m (£94m) from Shell, Total and Eni. FHN, a Nigerian firm set up by Afren, First City Monument Bank (FCMB) and Guaranty Trust Bank, to purchase local energy [...]
BP sells off Canadian assets December 1, 2011 BP has agreed to sell its Canadian natural gas liquids business to Plains All American Pipeline for $1.67bn, as it seeks to raise $45bn to pay for last year’s Gulf of Mexico oil spill. The business, which includes pipelines and processing stations that remove valuable crude-like liquids from gas, owns or has rights to more [...]
DRAGHI TAKES A NEW APPROACH TO BACKING THE EURO IN ECB PROMO December 1, 2011 AS European Central Bank chief Mario Draghi stood in front of the European Parliament yesterday and delivered a gloomy outlook on the future of the euro, a very different Draghi was doing the rounds on YouTube, in the latest piece of pro-euro propaganda released by the ECB. In a video introduced by soft focus images [...]
