BP boss calms Russian fears June 28, 2010 TONY HAYWARD, the embattled BP chief executive, yesterday launched a campaign to reassure top Russian officials of the group’s stability. Hayward, who met with government figures, is on a charm offensive to reassure the Kremlin over BP’s local operations. A number of concerns have been expressed by the country’s government over the future of the [...]
The boss of the world’s number one caterer is drawing up plans to grow June 28, 2010 It is no exaggeration to say that Compass and its chief executive Richard Cousins has elevated the term low-key into something of an art form. A modest three-storey red brick building in Chertsey, Surrey, is home to the biggest caterer in the world. Cousins, a 51-year-old father of two who rarely gives interviews, is the [...]
Mark Zuckerberg says Facebook will float in the future June 24, 2010 THE world’s biggest social networking site will float at some point, according to its founder yesterday. However, he would not put a time-frame on the listing of the firm, which has been privately valued at over $1bn (£670m). He also said Facebook is poised to surpass 1bn users. The only major markets where the site [...]
Facebook looks east for growth June 23, 2010 Facebook plans to expand into China, Russia and Japan in order to become the first social network to reach 1bn users, founder Mark Zuckerberg said yesterday. He told a conference the company would start to make strategic moves after years of relying on organic growth.
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
Expand beyond developed countries June 23, 2010 WITH growth in advanced economies forecast to be sclerotic for the near future, investors should look to capitalise on the more dynamic prospects of emerging markets (EM). The International Monetary Fund is forecasting that developed economies will shrink overall by 3.12 per cent this year versus developing economies’ growth of 6.14 per cent. One of [...]
BP shares fall to 13-year low June 22, 2010 BP’S SHARES continued their fall yesterday hitting a 13-year low as the embattled oil major admitted that the “financial consequences of the spill will be severe”. The group’s share price plummeted to 328.50p at its lowest point yesterday but regained some ground near the end of the day to close at 334.20p. The fall marks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2010 FINANCIAL TIMES GUINEA THREAT OVER RIO DISPUTE The government of Guinea has raised the stakes in a dispute with Rio Tinto by threatening to strip the mining group of more of its rights to one of the world’s biggest undeveloped iron ore deposits. Officials in Guinea have been angered by what they see as Rio’s [...]
Nonchalant Nadal enjoys happy return June 22, 2010 WORLD No1 Rafael Nadal marked his first Wimbledon appearance in two years with a comfortable win to waltz into the second round. Second seed Nadal clinched his first grass-court title in 2008, but missed the chance to defend his title last year through injury. But the Spaniard showed he’s not lost any of his flair, [...]
Robson goes down fighting to Jankovic June 21, 2010 TALENTED British teenager Laura Robson shows she has the stomach for a fight after putting on a promising display against world No4 Jelena Jankovic on Centre Court. The 16-year-old former junior champion was handed a wildcard for the main draw after rising to 234 in the world rankings. And she showed just why she is [...]