Jailed Yukos oil tycoon rails against Kremlin November 2, 2010 JAILED former oil tycoon Mikhail Khodorkovsky used his closing argument at his second trial yesterday to raise his profile as a political prisoner, saying he would sacrifice his life for the rule of law in Russia. Khodorkovsky said he was “ashamed” of Russia, a country where “a person who collides with ‘the system’ has no [...]
FUND MANAGEMENT NEWS November 2, 2010 RENAISSANCE UNVEILS THREE NEW UCITS FUNDS Renaissance Asset Managers, the emerging and frontier markets investment firm, launched three new Ucits funds offering international institutions exposure to fast growing emerging market asset classes. The Emerging Europe Long Short Equity and Emerging Europe Equity Fund were launched last week while it is anticpated that the Russia Debt [...]
Kurt Geiger moves to boost footprint in overseas market November 1, 2010 DESIGNER shoe company Kurt Geiger yesterday announced that it would be opening 32 branches opening across Russia, Turkey and Malaysia over the next five years. The move will mean more than double the current number of international branches across Europe and the Middle East. Kurt Geiger has signed a partnership deal with Fashion Galaxy Group [...]
Foreign buyers prop up London property values November 1, 2010 FOREIGN buyers are helping push up house prices in the most affluent areas of central London, according to fresh research. While the value of prime homes in London has fallen one per cent since July, overseas buyers have buoyed prices in areas like Kensington and Chelsea, says agent Knight Frank. Foreign buyers made up 68 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 31, 2010 THE SUNDAYS The Sunday Telegraph MAUDE DEMANDS SERCO ANSWER Serco is to be ordered to explain to the government why it took the highly unusual step of writing to its leading suppliers to demand that they pay a blanket 2.5 per cent “cash rebate” on their work this year or risk losing future contracts. Serco, [...]
CITY WELCOMES A DOSE OF FESTIVITY AND OPTIMISM October 28, 2010 “AN EVENING of festivity and optimism” was the way in which our editor Allister Heath introduced City A.M.’s inaugural awards ceremony last night, and the evening did not fail to live up to expectations. After years of gloom-mongering and banker-bashing, what better way to acknowledge the role of the City in bringing the economy back [...]
A man schooled for big business October 28, 2010 THOSE considering studying for an MBA do not need to be told that the London School of Business and Finance (LSBF) is not the same thing as the London Business School. They aren’t in the same league. But the man behind this seven year-old college has done something rather impressive. He has taken a business [...]
England’s 2018 bid team retracts complaint over Russian criticism of ‘boozy, crime-ridden’ London October 28, 2010 ENGLAND have decided to turn the other cheek in the war of words with rival World Cup 2018 bidders Russia amid fears an escalating row could damage their chances. Relations reached a new low this week when one of Russia’s top football figures, Viacheslav Koloskov, dismissed England as “absolutely primitive”. That barb was in response [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 27, 2010 FINANCIAL TIMES SOUTH AFRICA STILL A DRAG ON ANGLO AMERICAN Anglo American, the mining company, is finding it hard to escape its South African roots despite its efforts to become a cosmopolitan corporate citizen. An array of risks in South Africa, the source of 41 per cent of operating profits last year, is having an [...]
Russians slam English again October 27, 2010 FOOTBALL: Russia have been accused again of denigrating England’s bid to host the 2018 World Cup after one of their top officials labelled their main rivals “absolutely primitive”. Viacheslav Koloskov, honorary president of the Russian Football Union, lashed out after England complained about criticisms of London made by Alexei Sorokin, chief of the Russian bid. [...]