Oil to keep sliding after slumping to 3-month low August 6, 2008 Oil fell to $118 a barrel yesterday, a three-month low, as traders reacted to rising supplies and declining demand in America and Europe. The price of US crude fell as low as $118 a barrel, before recovering to trade at $119.13. While in London Brent crude fell by $2.20 to $118.48 a barrel. Oil supplies [...]
Imperial surges as India and China launch rival bids August 5, 2008 China and India are going head to head in a bidding war to take over British oil and gas firm Imperial Energy, sending its shares shooting up by 8 per cent yesterday. China Petroleum and Chemical Corporation, the state-owned oil company commonly known as Sinopec, has approached Imperial with an offer in the region of [...]
Anelka stakes claim with four-goal haul August 4, 2008 Chelsea manager Luiz Felipe Scolari has promised Nicolas Anelka a central striking role after the Frenchman thumped four goals in a 5-0 thrashing of AC Milan. Anelka has failed to shine in a variety of attacking roles since joining the Blues in January, but rediscovered his form as Chelsea ended their preseason trip to Russia [...]
Sinopec to launch a bid for Imperial August 4, 2008 Oil exploration firm Imperial Energy is expected to rise this morning, after reports that one of China’s biggest state-owned oil companies is launching a bid to buy the company. The China Petroleum and Chemical Corporation, commonly known as Sinopec, approached the firm last week and has already begun due diligence. It is thought that the [...]
BAT looks to overseas for profits hike August 1, 2008 A strong performance in emerging markets helped BAT turn in better than expected first-half profits yesterday Europe’s largest cigarette maker, whose brands include Dunhill, Kent, Lucky Strike and Pall Mall, reported a 16 per cent rise in profit from operations to £1.72bn from £1.49bn a year earlier. The reported group revenue increased by 15 per [...]
Eight for 2008: The ones to watch as Team GB go for gold in Beijing July 31, 2008 With our Olympians set a target of winning 35 medals, with 10 golds, Jon Couch looks at our most likely successes It’s just over a week before the start of the Beijing Olympics, and already the pressure is building on Team GB as they go in search of the ultimate prize in sport. A total [...]
Arshavin on ice but Spurs grab Bentley July 31, 2008 Tottenham have been warned they must significantly raise their offer for Andrei Arshavin if they want to make the Russia forward their second blockbuster signing of the week. Blackburn and England midfielder David Bentley will be presented as a Spurs player this morning, after the 23-year-old’s £15m switch was confirmed last night. The former Arsenal [...]
BP defiant in Russia July 30, 2008 Defiant BP chief executive Tony Hayward yesterday said the British oil giant would “not be intimidated by the strong arm tactics” of its warring oligarch partners at its Russian joint venture, TNK-BP. Hayward said: “The other shareholders want to tear up the agreement that they willingly signed in 2003 We are not prepared to do [...]
Scolari extends winning run July 30, 2008 Chelsea will head to Russia this week for the latest leg of the pre-season preparations with a 100 per cent record after ending their tour of Asia on a winning note yesterday. Striker Nicolas Anelka and fullback Ashley Cole scored in a 2-0 victory against a Malaysian League Select team as the Blues made it [...]
In-form Wright-Phillips has won the heart of Scolari July 28, 2008 Luiz Felipe Scolari says he wants to keep Shaun Wright-Phillips at Chelsea after admitting being impressed with his pre-season form. The England international has struggled to hold down a place in the Blues first-team since his £21m switch from Manchester City in 2005 and has been linked with an £11m summer move to Portsmouth. But [...]