Russian opposition use Davos to tell Putin to reform or lose power January 29, 2012 KREMLIN clan in-fighting spilled into the open last week when government officials sympathetic with Russia’s fragmented opposition warned the country’s ultimate leader Vladimir Putin he may soon lose power if he doesn’t undertake sweeping reforms. Putin, Russia’s president from 2000 to 2008 and now prime minister, is expected to return to the presidency after March [...]
DAVOS DIARY January 26, 2012 YOU never know whom you will bump into for a chat in Davos, as its founder Klaus Schwab is always happy to remind us, calling this open dialogue “the spirit of Davos”. Nonetheless, the smartly clad Davos Diary was surprised to find herself hailed down urgently by none other than Lloyd’s of London chairman John [...]
Petropavlovsk targets 11pc lift in production January 26, 2012 RUSSIA-FOCUSED gold miner Petropavlovsk said yesterday its full year output will rise 11 per cent to 680,000 ounces in 2012, having beaten last year’s target on the back of higher output at its flagship Pioneer mine. “The group’s 2012 target is 680,000 oz. a compound annual growth rate of 26 per cent since the group [...]
Six months to go – get in shape to win Olympic gold January 26, 2012 TODAY we hit six months to go until the start of the Olympic Games. Amid the daily diet of doom and gloom about the prospects for the UK economy, the Games offer a potential bright horizon in an otherwise challenging year. It certainly appears that many companies feel this way. Deloitte’s latest Games Readiness research [...]
Wasps sign Russia duo January 25, 2012 RUGBY UNION : Wasps have signed Russia international hooker Vladislav Korshunov and No8 Victor Gresev until the end of the season.
Cairn joined by Statoil in Arctic hunt January 23, 2012 CAIRN Energy yesterday announced a deal that will see Norwegian giant Statoil share the costs of its Arctic exploration. The area is a notoriously difficult and expensive place to drill, with the inhospitable climate hiking costs. Statoil has acquired a 30.6 per cent stake in one of Cairn’s exploration licences off the coast of Greenland. [...]
Reading will stay prudent, Madejski says January 22, 2012 THE outgoing owner of Reading FC has warned against hopes of a spending spree once he has completed a deal to sell the club to a Russian tycoon. Sir John Madejski is locked in due diligence and expects to finalise a deal with Thames Sports Investment (TSI) by the end of March. Yesterday he claimed [...]
From Russia with love: cash flowing into London January 22, 2012 FROM the King’s Road to Royal Berkshire – football’s Russian revolution looks set to claim another victory this spring when Anton Zingarevich pours his cash into Reading. The Championship side is small in comparison to Roman Abramovich’s Chelsea but it is, at least, very near to London, which remains an affluent market and the spiritual [...]
IKEA posts record profit January 20, 2012 Sweden’s IKEA, the world’s biggest furniture retailer, posted on Friday a record profit for the fiscal 2010/11 year on the back of growing sales and a bigger share in almost all of its markets. Net profit at the privately-held Swedish firm, known the world over for low-price, self-assembly, flat-packed furniture, rose 10.3 per cent to [...]
Car industry boosts UK as exports jump January 19, 2012 CAR MANUFACTURING expanded quickly in the UK last year, with exports accounting for a record share of output, figures from the Society of Motor Manufacturers and Traders (SMMT) revealed yesterday. This increase shows the sector “continues to lead the manufacturing recovery,” said the SMMT’s Paul Everitt. However, output of commercial vehicles declined and engine production [...]