Red Bull deny Russia GP link to driver choice October 22, 2013 RED BULL chiefs have denied that the addition of a Russian Grand Prix from next season was a factor in Toro Rosso’s surprise promotion of 19-year-old Daniil Kvyat. Kvyat is set to become the second youngest driver in Formula One history when he makes his debut in March, having been handed a seat at Red [...]
Float of Tinkov credit firm to raise $1.1bn October 21, 2013 RUSSIAN entrepreneur Oleg Tinkov’s consumer credit provider TCS is aiming to raise around $1.1bn (£680m) in its forthcoming London flotation – higher than the $870m previously expected, a financial market source said yesterday. TCS Holding Group, owner of Tinkoff Credit Systems, has rivalled state-controlled banks and grabbed market share in the high-margin business of consumer [...]
Fast food sales growth slows at McDonald’s October 21, 2013 MCDONALD’S missed forecasts with its quarterly revenue figures yesterday, and warned that global sales in October are likely to be flat on last year. Sales at stores opened for at least 12 months rose 0.9 per cent in the third quarter, missing analysts’ expectations of a one per cent rise, according to Consensus Metrix. A [...]
Halliburton dips in spite of rising oil work October 21, 2013 BUOYANT oilfield activity in Russia, Saudi Arabia and Angola helped Halliburton narrowly beat expectations yesterday with a 17 per cent rise in third-quarter profit, but its US-listed shares slipped since its main competitors did even better. The world’s second-largest oilfield services company has been chasing opportunities outside its traditionally dominant US market to better take [...]
10 things every football fan needs to know about… BRAZIL October 20, 2013 Now we know the England team are going to be there in 2014, Emily Dicicco presents her top travel tips 1. Tickets – how and when shall I book?Tickets are available on FIFA.com and will be sold in three phases. The first two phases consist of both a random draw period and a first-come-first-served (FCFS) [...]
What the other papers say this morning – 18 October 2013 October 17, 2013 FINANCIAL TIMES Tele2 sale lifts Russian hopes VTB has sold 50 per cent of mobile operator Tele2 Russia to billionaire Yuri Kovalchuk and partners, paving the way for the creation of a much stronger fourth competitor in Russia’s mobile market. The deal comes six months after VTB, Russia’s second-largest bank, acquired the Russian arm of [...]
Diageo hurt by weak emerging markets growth October 17, 2013 DIAGEO posted a lower than expected rise in first quarter sales yesterday as strong growth in the US was dampened by a slowdown in emerging markets such as Africa and Russia. The world’s largest drinks company, which owns brands including Guinness and Smirnoff, said organic sales rose by three per cent in the three months [...]
Weak markets hit Severstal sales October 17, 2013 Russian steel miner Severstal yesterday said that third-quarter crude steel production was in line with the previous quarter, but sales had decreased by four per cent due to “slightly weaker domestic and export markets”. Prices for steel products decreased by between one per cent and 18 per cent in the third quarter, the company said. [...]
Publicis sees growth slow but insists that it’s on track for 2014 October 16, 2013 FRENCH ad group Publicis, which is merging with US peer Omnicom Group, stuck to its target for higher full-year organic sales growth yesterday despite revealing a slowdown in the third quarter on weaker emerging markets. Publicis also forecast a further improvement in growth next year following the expected completion of the merger in the first [...]
Latin Americans book spots in Brazil as line-up takes shape October 16, 2013 CHILE, Ecuador and Honduras have taken the number of teams qualified for the World Cup to 21 after they sealed their places in Brazil early yesterday morning. Barcelona’s Alexis Sanchez scored as Chile narrowly beat Ecuador 2-1, ensuring they took third and fourth spots in the South American qualifying group. Victory over Argentina was not [...]