Ash London’s Amanda Ibgui and Sharon Elalouf bring the French interior design Touch to the City October 30, 2014 Imagine how Sharon Elalouf and Amanda Ibgui felt arriving in London from their native Paris on a rainy day in 2006. Not only did they have to contend with English food and English weather, the pair also came up against English interior design. Enthusiastic devotees of modern French style (which for them means clean [...]
EU brokers Russia, Ukraine gas deal after months of negotiation October 30, 2014 Russia has agreed to resume supplies of natural gas supplies to Ukraine until March 2015 following months of negotiations brokered by the European Union. The deal will also include EU funds to assist Ukraine in paying off its debts to Russian energy giant Gazprom so gas will be delivered to the war-torn country in time [...]
Rosneft stuck in a rouble rut as profits plunge 99 per cent October 29, 2014 It is a sign of the times for Russian oil companies that a 99 per cent fall in profits "defies expectations", but shares in Rosneft rose this afternoon after it posted figures showing it had avoided making a net loss in the third quarter. Instead, net profits for the world's largest oil producer fell to [...]
BP slumps to a loss as Russian arm struggles October 28, 2014 UK OIL company BP yesterday reported a loss of $335m (£207m) during the third quarter of 2014, down from a $1bn profit in the same period of last year. The firm’s Rosneft business in Russia took a major hit, with profit plunging to $107m, compared with $792m. BP said that this result was “principally affected [...]
FTSE held back by poor bank results but index still rises – London Report October 28, 2014 BRITAIN’S top equity index yesterday rebounded, helped by stronger mining stocks which offset a fall in banking shares such as Standard Chartered and Lloyds. The blue chip FTSE 100 index closed up by 0.6 per cent, or 38.71 points, at 6,402.17 points, bouncing back from a 0.4 per cent fall on Monday. Standard Chartered slumped [...]
BP share price rises as earnings beat expecations, despite falling 18 per cent October 28, 2014 Shares in oil giant BP opened 1.9 per cent higher this morning as it reported above-expectation revenues, despite a fall in both oil production and earnings as outside pressures weighed on results. A combination of ongoing legal proceedings in the US, Russian sanctions and falling oil prices affected the figures. On the whole, these effects [...]
Optimism reigns for Solanke and Chelsea’s new golden generation October 27, 2014 IT IS perhaps the standout failing of Chelsea’s billion-pound transformation from also-rans to European superpower since Roman Abramovich snapped up the club more than 11 years ago. Despite the Russian’s lavish investment – or maybe, in some respects, because of it – the Blues’ academy has not produced the conveyor belt of talent expected of [...]
Mosley predicts greater F1 financial turmoil October 27, 2014 FORMER FIA president Max Mosley insists an increasing number of Formula One teams could face the spectre of financial demise after Marussia became the latest team to enter administration yesterday. A statement released by administrators, FRP Advisory LLP, confirmed the Anglo-Russian outfit were unable to locate fiscal backing elsewhere after current owner Andrey Cheglakov declared [...]
Ukrainians back Poroshenko as Kiev looks west October 27, 2014 Voters in Ukraine have backed pro-European President Petro Poroshenko following a fraught election campaign, as the nation battles to recover from intense fighting with separatists in the east of the country. Poroshenko’s party looks to have gained around 25 per cent of the vote, according to exit polls last night, with other parties, including government [...]
Facing closure after nearly one century October 27, 2014 Hatfield Colliery was established in 1916, and continued to operate until 1993, when it was closed on economic grounds. Production ceased in December of that year, however by 4 January 1994 the management team had expressed an interest in continuing operation of the mine and formed the Hatfield Coal Company. The firm started cutting coal [...]