DFS Furniture targets £585m market debut February 23, 2015 DFS FURNITURE has set a price range of 245p to 310p per share as the sofa retailer pushes ahead with plans for a float on the London Stock Exchange next month. The price range would mean that, at its mid-point, DFS would be valued at £585m although it is understood that its enterprise value including [...]
Ukraine fears further attacks February 23, 2015 UKRAINE said yesterday it feared unrest could spread beyond territory held by pro-Russian separatists, after an explosion killed two people at a memorial rally in an eastern city far from the front line. Kiev said it arrested four people who had been armed and trained in Russia after the blast, which killed a policeman and [...]
One chart summing up Britain and Russia’s military spending February 22, 2015 The amount Britain spends of defence has been called into question, after RAF fighter jets were scrambled this earlier week when two Russian bear bomber aircrafts were spotted flying "close to UK airspace." It prompted Lord Stirrup, who headed the armed forces at the time of the 2010 strategic defence and security review to call for the reversal [...]
Ukraine crisis: US mulls more sanctions for Russia February 22, 2015 The United States has said it's in talks with Europe over levying more sanctions against Moscow, due to its "brazen" violations of a recent ceasefire agreement between pro-Russian separatists and Ukrainian forces. U.S. Secretary of State John Kerry, speaking after meetings with his British counterpart Philip Hammond in London, said President Obama was weighing whether [...]
Chief lender backs Sapinda in gold miner’s refinancing battle February 19, 2015 RUSSIAN financial services giant VTB has reportedly come out in support of Sapinda’s bid to persuade Russia-focused gold miner Petropavlovsk to renegotiate its mooted refinancing plan. In the latest twist in this enduring tug of war between Sapinda and the gold miner’s board. VTB – one of Petropavlovsk’s senior lenders – yesterday privately backed Sapinda’s [...]
City Moves for 20 February 2015 | Who’s switching jobs February 19, 2015 Hausfeld The law firm has appointed Ed Coulson (pictured) as partner in its London office. He joins from Berwin Leighton Paisner (BLP), where he worked on complex competition and commercial litigation. His appointment follows that of James Henson, who joined in January from BLP, and Shirley Clarke, who recently joined Hausfeld’s financial services litigation practice [...]
Is the UK defence secretary right that Russia is a danger to the stability of the Baltic States? February 19, 2015 Andrew Foxall is director of the Russia Studies Centre at The Henry Jackson Society, says Yes This is nothing new – and has little directly to do with events in Ukraine. Russia has been destabilising the Baltic States for much of the last decade. In 2007, it was behind a series of cyber attacks on [...]
A room with a view: Why Brits are flocking back to Italy’s Lake Como February 19, 2015 It was the Romans who discovered Lake Como, and built their villas overlooking its stunning scenery. Today, the Mediterranean microclimate created by the lake’s waters is enjoyed as much as ever, though many now prefer an apartment in place of a villa. Aside from the views across the lake, and the uniquely benign climate it [...]
Reasons to whine: After the Bordeaux wine market collapse, optimism is creeping back February 19, 2015 Imagine a financial market where prices have collapsed by more than 30 per cent in the past three years, where a hatful of investment companies have gone to the wall and investors are reportedly nursing losses of more than £100m. It sounds like a full blown crisis, doesn’t it? But this isn’t Chinese equities or [...]
RAF jets scrambled as Russian bombers seen flying off coast of Cornwall February 19, 2015 RAF fighter jets were scrambled to escort two Russian Bear bomber aircraft off the coast of England after they were seen flying “close to UK airspace”. The Typhoon fighters from RAF Coningsby in Lincolnshire were sent to escort the Russian planes after they were spotted flying near to Cornwall. A Ministry of Defence spokesman [...]