Gold miner Petropavlovsk faces shareholder revolt as splinter group aims to oust all directors and reinstate old guard May 9, 2018 London-listed gold miner Petropavlovsk, founded by mining magnate Peter Hambro, is facing a shareholder revolt as two investors have proposed resolutions to oust all the company’s directors. Cabs Platform and Slevin, which together hold 9.11 per cent of the Russia-located business, instead want to reinstate former directors Pavel Maslovskiy, Roderic Lyne and Robert Jenkins. The [...]
Russian president Vladamir Putin was inaugurated for his fourth term today amid mass protests and arrests May 7, 2018 Russian president Vladamir Putin was just sworn in at the Kremlin’s for his fourth term as the head of state. The ceremony happened in Andreevsky Hall, which acted as the throne room during Imperial Russia, and several thousand guests attended the inauguration formalities. Putin, 65, received 76.7 per cent of the votes during the March [...]
TSB crisis may have sting in the tail, Andy Hornby’s near-miss with the Sainsbury’s-Asda merger and the FA’s trophy buyer May 4, 2018 The System’s Broken. Try Surrendering Bonuses. TSB customers who found themselves locked out of their accounts for parts of the last fortnight might have devised less polite acronyms for the custodian of their savings. Conspiracy theorists about recent banking history might also trace the origins of the current meltdown to an ill-fated decision in 2010 [...]
Oleg Deripaska among Russian oligarchs slapped with new US sanctions May 3, 2018 The US has imposed sweeping sanctions against Russian oligarchs, as the Trump administration continues its assault against friends of President Vladimir Putin. Billionaires Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov and Kirill Shamalov, who the US said is married to one of Putin’s daughters, are on the hit list revealed by the US Treasury this afternoon. [...]
MPs should know better than to smear Legatum May 3, 2018 Something is rotten in Britain’s parliament when MPs play fast and loose with parliamentary privilege, which exists for the very serious purpose of protecting the country’s national security. This week in parliament, four MPs publicly attacked Christopher Chandler, founder and partner of Legatum, as “an object of interest to French intelligence”, with a string of [...]
MP claims Legatum founder Christopher Chandler was named “an object of interest” in France over links to Russia May 1, 2018 An MP has used parliamentary privilege to claim that Legatum Institute founder Christopher Chandler has been named as a person of interest by the French authorities, because of links to Russia. Conservative Bob Seely told MPs that he and some others had been shown documents relating to national security and money laundering, from Monaco’s security [...]
From huskies to supercars, the wilderness of Finland is transformed into a billionaires’ playground by McLaren May 1, 2018 I’ve been promised 567 horsepower, but first I get to experience the propulsion of seven huskies. I’m scrambling through the forests of northern Finland, hanging onto a rickety two-man sled, zipped up against the Arctic cold. I eventually arrive at McLaren’s kota, a traditional wooden hut 2,000 miles as the crow flies but more realistically [...]
Fifa’s $25bn question: The radical offer to Gianni Infantino that could change the face of football April 30, 2018 If Fifa president Gianni Infantino gets his way, this summer’s World Cup in Russia could be the last of its kind before a major revamp of club and international football. Sepp Blatter’s successor convened an emergency Fifa Council meeting today to discuss a $25bn offer that the governing body has received from an investment group [...]
BP expected to record a surge in first quarter profits on back of rising oil prices April 29, 2018 BP is expected to be the latest beneficiary of the surge in oil prices, with City analysts expecting first quarter profits to show a healthy year-on-year increase. The oil giant’s full-year results released earlier this year showed the company was already in a strong position, with profits coming in at $6.2bn (£4.4bn). Boss Bob Dudley [...]
Revolut smashes into unicorn ranks with $250m fundraising ahead of international expansion April 26, 2018 London-based fintech startup Revolut has joined the elite ranks of so-called unicorn firms with a $1.7bn (£1.2bn) valuation following a new $250m fundraising. Tech investor DST Global put up around half of the new money, alongside existing investors including Index Ventures and Ribbit Capital. The money will be used to target an aggressive expansion into [...]