TRAVEL NOTES November 27, 2011 Australia to set up marine park bigger than Germany Australia has agreed to set up the world’s biggest marine park to protect vast areas of the Coral Sea off the country’s northeast coast and the site of fierce naval battles during World War Two. The park will cover almost 1m square km – an area [...]
LORD MAYOR STEPS UP SECURITY FOR AMBASSADORS’ RECEPTIONS November 24, 2011 IT HAD to be the Queen. “No-one else has that level of police presence,” said one City observer when he noted a convoy of four police motorbikes and two impressive cars making its way towards the Walbrook Building in stately fashion. But no – it was Lord Mayor David Wootton, who had stepped up his [...]
Kazakh miner eyes LSE float November 21, 2011 CITY fans of ex-Soviet Union mining companies will soon have another stock to pick after Kazakh energy producer Zhaikmunai said it was eyeing a move to the main market of the London Stock Exchange yesterday. Zhaikmunai currently trades via global depository receipts (GDRs) on the LSE but indicated it may swap these for a full [...]
Why I disagree with Ken Olisa on listing rules November 21, 2011 ZHEZKAZGAN, Sverdlovsk, Pavlodar. Not names your average investor will have heard of, but all of them are places of operation in Kazakhstan and Russia for an ever-increasing number of companies from overseas that have become members of the prestigious FTSE 100 share index. This seemingly open door to natural resource companies from countries where corporate [...]
Investors prepare for Facebook’s IPO November 20, 2011 REID Hoffman, the founder of LinkedIn, expects Facebook to finally pull off its long-awaited IPO in the first half of next year. Mark Zuckerberg’s (pictured) company is keen to cash in on the bumper demand for tech IPOs, with the social network expected to break every record in the book when it finally lists. Its [...]
CITY MOVES | WHO’S SWITCHING JOBS November 20, 2011 Kingfisher The home improvement retailer has appointed Mark Seligman, the former European chairman and chairman of UK investment banking at Credit Suisse, as a senior independent director, effective from 1 January 2012. Seligman will step down from his role as a senior adviser at Credit Suisse at the end of the year. He is also [...]
Rexam could sell personal care business November 17, 2011 EUROPE’S largest drinks can maker Rexam said yesterday it was considering selling its personal care packaging business after its continued weak performance, and said tough economic conditions in its key markets would make 2012 a challenging year. “Performance in personal care continued to be weak and we are now exploring all options for this segment [...]
CITY MOVES | WHO’S SWITCHING JOBS November 16, 2011 Akin Gump Vlad Sourkov has joined Akin Gump Strauss Hauer & Feld as a partner and head of the firm’s Russian real estate practice. He joins the law firm from CMS Russia, where he was head of the firm’s real estate practice. Other members of his team are expected to join Akin Gump in Moscow [...]
Veteran Duff celebrates as Ireland end 10-year wait for tournament football November 15, 2011 REP OF IRELAND 1 vs ESTONIA 1 (REP OF IRELAND WIN 5-1 ON AGGREGATE) REPUBLIC of Ireland stalwart Damien Duff hailed last night’s qualification for Euro 2012 as one of the finest accomplishments of his career. Leading 4-0 from the first leg in Tallinn, Stephen Ward’s 34th minute goal eliminated any lingering doubts over the [...]
PM calls for Euro reforms November 14, 2011 David Cameron has used his Lord Mayor’s banquet speech to describe the euro crisis as an “opportunity” for fundamental reforms to the European Union, calling for a renewed focus on growth, lower spending and less regulation. He also suggested that it was in Britain’s interests to allow more trade with firms from countries such as [...]