Alexander unimpressed by Khan January 17, 2011 BOXING: Devon Alexander has laughed off Amir Khan’s claims that he is the best fighter in the light-welterweight division. Current WBC champion Alexander, a likely future opponent for Khan, dismissed the British boxer as “no big deal.”
BP shares rise after historic Russian deal January 17, 2011 BP SHARES edged up yesterday in the market’s first chance to react to its $16bn (£10.1bn) deal and share swap with Russia’s state oil firm Rosneft. BP closed up 0.24 per cent at 500.7p, beating an overall decline in the FTSE 100 index, despite a likely dilution of earnings per share through the deal. As [...]
Scudamore has no fear over fair play regulations January 17, 2011 PREMIER LEAGUE chief executive Richard Scudamore insists no English clubs will be banned from European competition for contravening Uefa’s soon to be imposed new financial fair play laws. The rules are being introduced to ensure clubs do not spend more money than they earn and will be introduced gradually. Extreme offences could see teams banned from [...]
Cameron denies any political tensions over Rosneft deal January 17, 2011 POLITICAL tensions over BP’s deal with Russian state-owned Rosneft were played down yesterday by the UK government. A spokesman for Prime Minister David Cameron said the share swap was “a commercial deal between two companies”, and did not indicate a thaw in political relations between Britain and the Russian government. He said: “The Prime Minister [...]
Bob Dudley gets another chance to succeed in Russia’s oil market January 17, 2011 BP’s latest attempts to expand in Russia will be a chance for chief executive Bob Dudley to mend his relationship with the country, following his troubled time as president of TNK-BP, the firm’s ongoing joint venture in the country. Dudley was forced to leave Moscow in 2008 when his visa was not renewed, following a [...]
Analyst views: How important is this deal for BP? January 17, 2011 PETER HITCHENS | PANMURE GORDON This is an exciting move. With this deal , BP will bring the expertise that it has developed in Alaska, the Beaufort Sea and Northern Siberia. By getting into bed with Rosneft, the group obtains first mover advantage. KEITH MORRIS | EVOLUTION SECURITIES The deal looks like a typically bold [...]
Nokia calls time on free music download service January 17, 2011 MOBILE phone manufacturer Nokia is to discontinue its free music downloads service in most of the major markets it operates in. The Finnish multinational communications company will drop its Ovi Music Unlimited service in the UK and 26 other countries. Launched in 2008 as “Comes with Music” the service was designed to compete with the [...]
China signs $600m worth of deals January 17, 2011 THE Chinese government kicked off a four-day US trade mission yesterday by signing six deals in Houston with undisclosed US companies worth $600m, according to Chinese state media reports. The deals came a day before Chinese President Hu Jintao arrives in the United States for a visit being billed as the most important US-China summit [...]
Islamic bonds face challenge January 17, 2011 Conventional bonds have risen in strength against Islamic Sukuk “bonds” in the Gulf. Issuance of conventional bonds surged to hit $15bn (£9.4bn) last year, whilst the issuance of sukuk hit $7bn, according to research by Trowers & Hamlins. The reputation of sukuk had been hit during the financial crisis, which has led investors to turn [...]
ING seeks sale of real estate arm January 17, 2011 ING said yesterday it was in discussions with several parties on a possible sale of parts of its real estate arm, whose property portfolio is valued at over €65bn (£54.2bn). These talks may lead to one or more transactions, ING said. A source said that US property group CB Richard Ellis was in talks to [...]
