US to become biggest global producer of oil November 12, 2012 THE US will lead a sweeping transformation in oil and gas production and will overtake Saudi Arabia and Russia as the world’s top oil producer before 2020, the International Energy Agency (IEA) said yesterday. Its World Energy Outlook said that the US, which currently imports around 20 per cent of its total energy needs, would [...]
Megafon gets nod for UK float November 12, 2012 Russia’s second biggest mobile phone company, MegaFon, is likely to go ahead with its planned stock market float in London this year after receiving an unofficial green light from the UK regulator, sources familiar with the matter said. MegaFon has cleared and resolved any material issues with the UK Listing Authority, a source familiar with [...]
Rugby must stop hindering smaller nations November 11, 2012 THOSE of you reading this who went to Twickenham on Saturday to see England’s demolition of Fiji know you were sold something of a pup. The blame lies at the door of the International Rugby Board who continue to allow the distinction between the haves and have nots of the game to be a blight [...]
Rodgers reliant on Suarez to make a point at the Bridge November 8, 2012 CHELSEA vs LIVERPOOL Sunday 4.00pm A QUARTER of the way through the season and it’s clear to see that reviving Liverpool is not going to be an easy task for Brendan Rodgers. The Reds’ opening five games yielded just two points and there is still a long way to go, although their fortunes have improved [...]
Carlsberg’s bottom line hit by weather but Russia improves November 7, 2012 THE WORLD’S fourth-largest brewer Carlsberg reported a slight drop in profits yesterday, but said it stood by its full-year outlook after gaining in Russia. The company said it was particularly pleased that efforts to drive its international brands were improving its market share in key growth regions. “Our performance was in line with our expectation [...]
Telecity’s Finnish purchase met with hostile reception from City November 5, 2012 TELECITY, the British data centre operator, yesterday announced it had bought Finnish company Academica for €28m (£22.4m) in a bid to expand its operations in the Nordic market. Data centres in Finland are a valuable commodity, since much of the growing internet traffic from Russia uses it. However, the acquisition disappointed the City, with analysts [...]
How to really booze like Bond November 5, 2012 When HE had his clothes on and wasn’t chasing baddies, there is no doubt that James Bond was a noted oenophile. You only have to have a passing knowledge of Ian Fleming’s books or the films to know that 007 was a full-on connoisseur. Forget the vodka Martini, that was just the aperitif; when it [...]
What the other papers say this morning November 5, 2012 FINANCIAL TIMES KCELL SET TO PURSUE LONDON LISTING Investor appetite in London for companies from the former Soviet Union will be tested with plans for the second mobile operator flotation to be announced in the space of a month. Kcell, the largest mobile operator in Kazakhstan, plans to list about a quarter of its equity [...]
Arshavin praises Arsenal’s spirit in Reading comeback October 31, 2012 ARSENAL forward Andrey Arshavin believes that Tuesday night’s staggering 7-5 Capital One Cup victory over Reading shows that they finally possess the spirit that they have so often been accused of lacking. Arsene Wenger’s young side has in recent years displayed a worrying propensity to capitulate under pressure – something encapsulated in important matches against [...]
What the other papers say this morning October 31, 2012 FINANCIAL TIMES Small TNK-BP investors left in doubt Igor Sechin yesterday added to concerns about investor rights in Russia when the Rosneft chief executive said the state-controlled oil group had no obligation towards minority investors in TNK-BP. He was speaking as Rosneft moved ahead with plans to buy TNK-BP, Russia’s third-largest oil producer, in a [...]