TNK-BP will not join suit against BP October 24, 2011 THE BOARD of TNK-BP Holding, the Russian energy venture half owned by BP, yesterday voted against an initiative to join a minority shareholder in a lawsuit against the British oil major, a spokesman for BP in Moscow said. “The board of directors voted against joining the lawsuit at its meeting,” Vladimir Buyanov said, confirming a [...]
The Russians are coming: Roll out the red carpets October 24, 2011 BACK in the mid-1960s, I wasted a wet afternoon watching a truly silly film. The plot was a melange of bluster, misunderstanding, clashing cultures and xenophobia. The title was The Russians Are Coming, the Russians Are Coming. Readers with an interest in the City’s health will recognise a plot that is in danger of repeating [...]
PAV THAT | Russian’s rocket sinks Rubin October 20, 2011 TOTTENHAM (1) vs RUBIN KAZAN (0) TOTTENHAM manager Harry Redknapp hailed the contribution of striker Roman Pavlyuchenko after a thunderous free-kick helped sink his compatriots to put Spurs within touching distance of the Europa League knockout stages. The Russian has yet to start a Premier League match this season, and has only featured twice from [...]
Polyus ups size of free float October 20, 2011 POLYUS, the Russian miner planning a share issue in London, is understood to be increasing the size of its free float from 13 per cent to around 20 per cent to help press its case for a premium listing that would allow it to join the FTSE 100. Normally companies need a 25 per cent [...]
Output up at Petropavlovsk October 20, 2011 Russian gold miner Petropavlovsk said yesterday that its third-quarter output rose 65 per cent, beating most forecasts, and that it was confident of meeting its full-year target of 600,000 ounces. The company, which operates three open-pit gold mines in Russia’s far east, produced 228,110 oz in the three months to the end of September, 65 [...]
Foreign owners will take games abroad – Harry October 20, 2011 TOTTENHAM manager Harry Redknapp has warned that the growing influence of foreign owners is likely to lead to Premier League games being played abroad. Overseas owners have been accused of wanting to make radical changes to English football, notably changing the way broadcast cash is divided and even scrapping relegation. Redknapp, whose side face Rubin [...]
SAB in tie-up with Efes October 20, 2011 SABMILLER is joining forces with Turkey’s Anadolu Efes to become the number two brewer in Russia in a deal that gives the London-based group a 24 per cent stake in the leading Turkish brewing group. SABMiller, which last month agreed to buy Australian rival Foster’s for $10bn (£6.3bn), said yesterday the deal will put it [...]
TNK-BP may join lawsuit for damages against BP October 18, 2011 BP’S RUSSIAN joint venture TNK-BP said it may join a $13bn (£8.2bn) lawsuit brought by a minority shareholder over the oil major’s failed alliance with state-controlled Rosneft. TNK-BP Holding, the main subsidiary of TNK-BP, said it would “consider the question of whether or not to join the lawsuit being put forward by one of its [...]
Russia’s Evraz to list on LSE October 17, 2011 EVRAZ, the Russian metals and mining group backed by billionaire oligarch Roman Abramovich, is moving its domicile to the UK and listing in London as it seeks greater international acceptance and access to capital. Evraz, which mines coal, iron ore and valladium and makes steel industrial goods, yesterday said it wanted to list on the [...]
Vettel targets Schumacher record as Red Bull celebrate double coronation October 16, 2011 WORLD champion Sebastian Vettel insists he will not ease off for the remaining three races despite adding the constructors’ championship to his drivers’ title with victory at yesterday’s Korean Grand Prix. The German pipped Britain’s Lewis Hamilton in Yeongam to win his 10th race of an utterly dominant season and could yet equal Michael Schumacher’s [...]