BP gets upper hand in Russian director lawsuit October 12, 2011 A RUSSIAN court is likely to throw out a $2.8bn (£1.8bn) lawsuit brought by a shareholder against two BP executives on the board of the oil major’s Russian joint venture, TNK-BP, after a judge denied the claimant more time to gather the necessary shareholder support. Andrey Prokhorov, a minority shareholder in TNK-BP, filed a claim [...]
Trapattoni’s Ireland benefit from Euro 2012 play-off seeding boost October 12, 2011 THE REPUBLIC of Ireland’s hopes of qualifying for Euro 2012 were given a major boost yesterday after Uefa confirmed Giovanni Trapattoni’s side as one of the seeded teams ahead of today’s play-off draw. Ireland secured second spot in Group B following Tuesday’s jittery 2-1 home win over Armenia and will now avoid the likes of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 11, 2011 FINANCIAL TIMES MPS SET TO GRILL TAX OFFICIAL The UK’s top tax official is likely to be questioned by MPs today over leaked documents concerning the settlement of a tax dispute with Goldman Sachs. Dave Hartnett, permanent secretary for tax at Revenue & Customs, shook hands on a settlement last December that apparently waived a [...]
EURO 2012 | THE PERMUTATIONS October 11, 2011 Group winners: Germany, 3-1 winners over Belgium in Dusseldorf, Italy, who spoilt outgoing Northern Ireland manager Nigel Worthington’s farewell, Holland, England and Spain had already cemented their place at next summer’s tournament, alongside co-hosts Poland and Ukraine, before last night’s matches. Joining them will be France, who required a Samir Nasri penalty 12 minutes from time to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2011 FINANCIAL TIMES TOUGH CARE HOME REGULATIONS PROPOSED The government is considering a series of tough regulations for residential care homes following the collapse this year of Southern Cross, the UK’s biggest home operator. The measures, outlined yesterday for consultation, include requiring companies to post capital upfront as a condition of their licence, and giving councils [...]
Adidas eyes growth in Russia October 10, 2011 German sporting goods company Adidas expects investment in its own stores and rising consumer spending in Russia to propel the region to becoming one of its top three global markets behind the US and China, it said yesterday. Adidas expects its sales in the Russia/CIS region to surpass €1bn by 2013, up from €786m last [...]
Keane injury adds further complications for Ireland October 10, 2011 REPUBLIC of Ireland striker Robbie Keane has been ruled out of tonight’s pivotal Euro 2012 qualifier against Armenia at the Aviva Stadium. Giovanni Trapattoni’s side need just a point to guarantee a play-off spot, but victory coupled with Andorra securing an unlikely win over Russia would see Ireland qualify outright for their first major tournament [...]
FA reveal cost of World Cup bid October 10, 2011 FOOTBALL: The Football Association’s failed World Cup 2018 bid was yesterday revealed to have cost a staggering £21m – £6m more than had been touted. The bid ultimately garnered the support of only two Fifa members as the tournament was awarded to Russia. Sports minister Hugh Robertson said: “I wish we had the knowledge to realise [...]
CITY MOVES | WHO’S SWITCHING JOBS October 9, 2011 Virgin Money The banking division of the Virgin Group has appointed Sir David Clementi to the Virgin Money board as chairman to succeed the late Sir Brian Pitman. Clementi was chairman of Prudential from 2002 to 2008 and deputy governor and a member of the Monetary Policy Committee at the Bank of England from 1997 [...]
Exillon finds extra oil in West Siberia October 6, 2011 OIL producer Exillon Energy said it found oil at a Russian well, and would connect it to the existing production facilities following testing. The London-listed company said it found 15.5 metres of net oil pay – referring to the zone of a reservoir that contains economically producible oil – at its EWS I-43 well in [...]