Britain can finally make the dash for gas with Paterson September 4, 2012 DAVID Cameron has promised to end his government’s “dithering” and “paralysis”. As part of this, yesterday’s reshuffle was intended to kick-start new initiatives for reviving Britain’s flagging economy. One of the key political battle grounds in coming months will be the growing divergence between an outdated green agenda and a new push for environmental deregulation [...]
A punch drunk for Russo-love September 3, 2012 City A.M.’s resident cocktail expert THANKFULLY, long gone are the days when people in the capital sucked on sickening Piña Coladas. No half-decent bar would dare put one on the menu. And we have one man to thank for this: Dick Bradsell. Bradsell is the inventor of some modern classics. The Bramble – a delicious [...]
City Moves Who’s switching jobs September 2, 2012 Post Office The mail operator has announced that Sue Barton is to join the executive committee as strategy director. Barton’s experience includes extensive time within postal consultancy at Accenture, where she has worked with many of the leading international postal organisations providing support and advice. Laxfield Capital The debt origination and loan manager has announced [...]
Abramovich wins court battle with Berezovsky August 31, 2012 Russian businessman Boris Berezovsky lost his battle with tycoon Roman Abramovich this morning. Berezovsky was seeking more than £3bn in damages after accusing the Chelsea Football Club owner of blackmail, breach of trust and breach of contract. A High Court judge ruled in Abramovich’s favour this morning following a three-month trial. The case related to [...]
Evraz swings to loss due to fall in steel prices August 30, 2012 EVRAZ yesterday slumped to a 119 per cent loss for the first half of the year, as its profits were hurt by falling steel prices. The Russian miner’s net loss came in at $50m (£31.5m) for the first six months to 30 June, down from $263m over the previous year. Revenue for the firm, which [...]
Polymetal shrugs off drop in silver value as revenues rise August 30, 2012 PROFITS at Russian metal miner Polymetal fell by two per cent in the first half of this year, as it battled declining silver prices. The gold and silver miner, which joined the FTSE 100 last year, posted profit in the first half of $149m (£94m), hurt by a $60m foreign exchange loss thanks to fluctuations [...]
Gazprom ices Shtokman gas field project August 29, 2012 OIL giant Gazprom is to shelve its development of the Shtokman natural gas field in the Arctic Sea due to excessive costs. Total and Statoil, which are the Russian company’s partners in the project, are understood to have agreed with the decision that costs cannot overrun. Shtokman, which is Gazprom’s flagship project, is one of [...]
RusPetro records loss despite higher oil production levels August 29, 2012 RUSSIAN-focused oil and gas firm RusPetro yesterday reported a pre-tax loss of $26.4m in the six months to 30 June. RusPetro, which listed on the LSE in January, said the cost of sales and administrative expenses dragged profits down. Revenue increased to $33.8m (£21.3m) from $11.4m last year, on the back of higher production levels [...]
FTSE 100 lower on worries over global economy August 29, 2012 The UK’s blue chip index opened lower this morning, with concerns over the health of the global economy and falling metal prices dragging shares down. Russian oil and gas company Ruspetro led the fallers, shedding 8.41 per cent in early trading as investors reacted negatively to news that it swung to a loss in the [...]
Why a flair for storytelling is vital if you want others to follow you August 28, 2012 EVERYONE tells stories. It’s one of the ways we connect with our friends and families. It’s how we impress people when we apply for jobs, or sell business products to potential customers. Telling stories is also what we do on Facebook and Twitter, and is even part of how we go about finding a partner. [...]