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 [...]
Haye confirms his retirement October 13, 2011 BRITAIN’S former heavyweight world champion David Haye has confirmed his retirement from boxing at the age of 31. Haye, who previously unified the cruiserweight division, beat Russian Nikolay Valuev in 2009 to claim WBA heavyweight title, but was outclassed on his final ring appearance by Wladimir Klitschko in July. The Londoner had been rumoured to [...]
BP gets upper hand in Russian director lawsuit October 12, 2011 A RUSSIAN court is likely to throw out a $2.8bn (£1.8bn) lawsuit brought by a shareholder against two BP executives on the board of the oil major’s Russian joint venture, TNK-BP, after a judge denied the claimant more time to gather the necessary shareholder support. Andrey Prokhorov, a minority shareholder in TNK-BP, filed a claim [...]
EXCLUSIVE: BATES JOINS FANS’ FIGHT FOR BRIDGE October 11, 2011 Former Chelsea chairman backs supporter campaign to prevent sale of stadium freehold to club CONTROVERSIAL former Chelsea chairman Ken Bates has emerged as an unlikely saviour for Blues fans opposed to selling the freehold to Stamford Bridge back to the club, City A.M. has learned. Bates is backing supporter-led group Say No CPO’s campaign against [...]
Bates vote could split supporters October 11, 2011 KEN BATES, the controversial entrepreneur who owned Chelsea Football Club for 21 years before selling out to Roman Abramovich, may yet come back to haunt his successor who fell out with him several months after the takeover. Bates is planning to vote against the Russian’s offer to buy out Chelsea Pitch Owners, the co-operative that [...]