ALSO OUT THIS WEEKEND February 10, 2011 FILMS JUST GO WITH IT Rom com with Adam Sandler and Jennifer Anniston. For masochists only. YOGI BEAR New animated version of the Sixties cartoon, with Dan Ackroyd on “pick-a-nick basket” duties. SON OF BABYLON Iraqi drama about a boy and his grandmother in the chaos of modern Iraq. DVD EAT PRAY LOVE Julia Roberts [...]
Everyone gets their 15 minutes of fame February 9, 2011 THAT the merger between the London and Toronto Stock Exchanges was old news by the end of the day on which it was announced is indicative of just how quickly consolidation in the sector is moving. By the afternoon, Deutsche Börse and NYSE Euronext had stolen the limelight, announcing they were in advanced talks to [...]
Telenor upbeat on 2011 gains February 8, 2011 NORWAY’S Telenor took a fresh swipe at its estranged Russian affiliate Vimpelcom yesterday as it reported earnings, saying the company has taken its eye off the ball at home as it pursues expansion abroad. Telenor’s adjusted earnings were 7.18bn crowns (£769m) in October to December, compared with 6.93bn a year earlier and a 6.92bn average [...]
What the other papers say this morning February 7, 2011 FINANCIAL TIMES SEC EYES MORTGAGE DISCLOSURES US securities regulators investigating the role of banks in the mortgage crisis are homing in on the question of whether investors were misled about the home loans used to back securities. The Securities and Exchange Commission and other regulators have been investigating a wide range of banking activities in [...]
When it makes sense to shun the bigger banks February 7, 2011 WHEN BP announced its recent share swap with the Russian oil group Rosneft there was a sharp intake of breath amongst corporate financiers working for the likes of Credit Suisse, Goldman Sachs and Bank of America Merrill Lynch. None of the bulge bracket firms were named as advisers to BP on the deal. Instead the [...]
Uralkali-Slivnit merger approved February 7, 2011 Russian potash miner Uralkali said yesterday that Silvinit shareholders had voted to approve their merger, which will create the world’s second largest producer of the soil nutrient. Uralkali said 90.9 per cent of the votes cast at a meeting on Friday supported the merger.
City’s hidden Japanese gem February 7, 2011 Soseki 20 Bury Street, EC3A 5AX www.soseki.co.uk Tel:020 7621 9211 FOOD SERVICE ATMOSPHERE Cost per person without wine: £40-£100 ZUMA, Roka, Aqua Kyoto, Sumosan, Umu. Expensive, famous, globally branded restaurants dominate London’s Japanese food scene. I say “scene” – think rich Russians, Sloanes in celebratory mood, wealthy Asian tourists. The interiors are minimalist and violet-lit, [...]
Kubica’s F1 career in doubt after accident February 6, 2011 ● Renault driver breaks his hand, arm and leg in rallying crash in Italy ● Surgeons considered amputating right hand RENAULT driver Robert Kubica’s Formula One career remains in the balance after he underwent surgery on the serious fractures to his right hand, arm and leg last night. The 26-year-old Pole suffered the horrific injuries [...]
What the other papers say this morning February 3, 2011 FINANCIAL TIMES MADEJSKI IN TALKS TO RESTRUCTURE GROUP DEBT Sir John Madejski, the owner of Reading Football Club, is in talks to restructure a loan that backed the expansion of his property empire after the crash in regional property values led to a breach in the covenants of the debt. The wealthy former media magnate’s [...]
HMV investor mulls break-up February 3, 2011 A major investor in struggling retailer HMV Group has hired Credit Suisse to advise on the options for the firm, which could include a break-up of its HMV and Waterstone’s brands, according to Sky News. Alexander Mamut, a Russian billionaire with a 6.1 per cent stake in HMV, is in the first stages of assessing [...]