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By: Martin Slaney

All 247165 Articles
  • BP’s Russian row may hit production

    July 24, 2008

    The dogfight between BP and its four oligarch partners could hit Russian oil production next year after the quartet demanded a $900m cut in spending at joint venture TNK-BP. The development is the latest in a long-running battle at the 50-50 venture between the British oil giant and its billionaire partners – Mikhail Fridman, Viktor [...]

  • Price website founder snubs takeover bid

    July 24, 2008

    Moneysupermarket.com shares jump 45 per cent after offer by mystery buyer Top site Moneysupermarket.com saw its shares rocket 45 per cent yesterday after it dismissed a bid approach. The popular website, which lets users compare finance and travel prices, confirmed in a statement that CEO and cofounder Simon Nixon had received an initial approach regarding [...]

  • MPC vote split three ways

    July 24, 2008

    A surprise three-way split between Bank of England rate setters left economists guessing whether an interest rate rise was on the cards. The minutes of July’s Monetary Policy Committee rate contained the word inflation 54 times, which is higher than the average, according to Lehman Brothers, highlighting the MPC’s concerns about cost rises. Seven members [...]

  • Mind games must be taken with a pinch of salt

    July 24, 2008

    Well, we’re not even at the end of July and already the mind games have started. This promises to be a fascinating Premier League season. Luiz Felipe Scolari has barely hung up his suit on the back of his office door at Chelsea and already he has been given a pleasant ‘welcome’ to English football [...]

  • Calzaghe will recover for a November date with Jones

    July 24, 2008

    Joe Calzaghe has quashed fears regarding the seriousness of his hand injury, insisting he will be back to fight Roy Jones Jnr in November. The undefeated Welshman was forced to postpone the scheduled 20 September showdown at New York’s Madison Square Garden on Tuesday, after damaging his right hand in training. But after seeing a [...]

  • Moores: Door not yet shut on Harmison

    July 24, 2008

    Under-fire coach Peter Moores insists England outcasts Matthew Hoggard and Steve Harmison still have Test futures despite his part in the selection row which has split English cricket. Moores came under scrutiny afterAustralian-raised seamer Darren Pattinson was drafted into the side for the second Test against South Africa, ahead of the centrally-contracted duo. Captain Michael [...]

  • Raikkonen considering quitting sport when Ferrari deal runs out next year

    July 24, 2008

    World champion Kimi Raikkonen has sensationally admitted he could walk away from the sport next year. The paddock has been rife with speculation that the Ferrari driver is on the verge of retiring from the sport at the age of 28. Raikkonen insists he has no intention of breaking his £20m-a-year contract with the Italian [...]

  • Sweet start to the year by Tate & Lyle

    July 24, 2008

    Sugar refiner and sweetener maker Tate & Lyle said yesterday it has made a satisfactory start to its financial year and was on track to achieve progress for the year as a whole. The company, which makes sucralose sweetener Splenda, said in a trading update ahead of its annual shareholder meeting that pre-tax profit in [...]

  • Hedge funds suffer pain of wider market

    July 24, 2008

    Hedge funds had their worst first half year performance since 1998, as managers struggled to deal with the triple-whammy of a slowing housing market, sky-high energy prices and a financial sector in turmoil, according to HedgeFund Intelligence. The HedgeFund Intelligence global composite index was flat in June and up just 0.55 per cent for the [...]

  • De Beers boosts sales but stays cautious

    July 24, 2008

    The world’s top diamond producer De Beers posted a 10 per cent rise in gem sales to $3.3bn (£1.7bn) on strong demand and price rises – but warned a slowdown of sales in America may hit revenues in the second half of the year. De Beers boosted rough-diamond prices by about 8 per cent in [...]

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