Britain’s golden girl Ennis settles for silver August 30, 2011 BRITAIN’S wait for a first World Championship gold medal in Daegu will stretch into a fourth day after London 2012 poster girl Jessica Ennis surrendered her heptathlon crown to Russia’s Tatyana Chernova. The Sheffield-born athlete held a 151-point advantage over Chernova heading into the second day of competition, but a disappointing performance in the javelin [...]
BP out in the cold as Exxon inks deal with Rosneft August 30, 2011 EXXONMOBIL has won a highly coveted contract with Russia’s Rosneft to develop offshore oil fields in the Arctic. The $3.2bn (£1.96bn) deal comes as a major blow for British rival BP, who just seven months ago announced “a groundbreaking strategic global alliance” with Russia’s state-owned oil company that was later abandoned after objections from shareholders [...]
Miners and bankers lead rush to share in European success August 30, 2011 BRITAIN’S top shares advanced yesterday, playing catch-up with Europe after a long holiday weekend, led by miners and banks as brokers argued that the recent stock market sell-off has thrown up bargains in the two sectors. JP Morgan highlighted opportunities among miners following their poor performance in August, seeing rewards for those prepared to buy [...]
Exxon ties up Arctic deal with Rosneft August 30, 2011 US oil giant Exxon and Russian peer Rosneft are to jointly develop oil and gas reserves in the Russian Arctic, opening up one of the last unconquered drilling frontiers to the global industry No.1. The deal has ended any hope of BP reviving its own pact with Rosneft to develop the same Arctic territory – [...]
Rusal profit drops by 70pc as costs soar August 29, 2011 RUSAL, the world’s third largest aluminium producer, reported a sharper than expected drop in second-quarter profits after rising costs and a weaker US Dollar outweighed price rises and increased production at the company. The Russia-based company, controlled by billionaire Oleg Deripaska (pictured), said its second-quarter net profit fell 70 per cent to $339m (£206.8m) from [...]
Turner prize: Brit claims surprise bronze after Robles is disqualified August 29, 2011 BRITAIN’S Andy Turner claimed bronze in the 110m hurdles at the World Championships in Daegu after he profited from the second high-profile disqualification in the space of 24 hours. Olympic champion Dayron Robles made contact with China’s Liu Xiang and was disqualified, just as 100m world record holder Usain Bolt was on Sunday for a [...]
Aggreko ups forecast after contract wins August 25, 2011 AGGREKO, the world’s biggest provider of temporary power supplies, said its full year profits will be better than expected after winning contracts in countries such as Japan, Russia and Iraq. Trading profits for the first half of this year slipped five per cent to £120.7m after a lack of major sporting contracts that boosted results [...]
THE LUVVY RECOVERY August 24, 2011 Sir Martin Sorrell, the chief executive of WPP, yesterday said that the LuVVy-shaped recovery was still on track, but warned that it had been “battered” by recent turmoil, writes David Crow. Sir Martin’s recovery analogies have been closely-watched ever since he predicted a “bath-shaped” advertising downturn in 2002. So what does he mean by a [...]
Kazakhmys appoints Shell man August 24, 2011 Copper miner Kazakhmys has appointed Shell’s outgoing executive vice president of Russia, Charles Watson, as an independent non-executive director. Watson’s addition to the board will bring the number of independent non-execs on the nine-strong team to five, fulfilling UK corporate governance rules. Watson has spent 29 years at Shell, including overseeing the company’s operations in [...]
Heineken in warning over tough market August 24, 2011 HEINEKEN shares dived yesterday after its issued a warning that weak consumer sentiment and a damp summer would wipe out profit growth this year. Its stock was driven down by as much as 16 per cent to a 21-month low at one stage and the bleak statement sent shockwaves across the drinks industry. The firm [...]