What the other papers say this morning January 25, 2011 FINANCIAL TIMES RUSSIANS PREPARE FOR LISTING SPREE IN LONDON Four industrial and mining companies from Russia are set to list in London within the next few weeks, the first in a string of companies from the country rushing to raise an estimated $15bn-$20bn (£9.5bn-£12.7bn) this year. The companies are taking advantage of a narrow window [...]
Two Britons reported dead among Moscow airport blast January 24, 2011 TWO BRITONS ARE said to be among the dead after a suspected suicide bomb attack at Moscow’s largest airport yesterday killed at least 35 people and injured more than 100. The attack took place at the Russian capital’s Domodedovo airport at around 16:30 local time. Russian president Dmitry Medvedev vowed to punish the attackers.
Russia’s Koks prices its IPO January 24, 2011 RUSSIAN coking coal and pig iron producer Koks will seek to raise around $520m (£325m) in its IPO, landing a windfall for its owners and kick-starting a stampede by Russian firms to the stock market. The Siberia-based company, which is planning to list existing shares in both London and Moscow, said the offering could make [...]
Medvedev delays Davos trip due to terrorist blast January 24, 2011 RUSSIAN president Dmitry Medvedev has delayed his trip to the World Economic Forum in Davos this week due to a suicide bomb at Moscow’s Domodedovo airport that killed 35 people yesterday. The president swore to hunt down the culprits, writing on Twitter: “Security will be strengthened at large transport hubs. We mourn the victims of the [...]
What the other papers say this morning January 23, 2011 FINANCIAL TIMES AUDITORS SEEK TO EASE FEARS The four biggest auditors have denied that their dominance of the market for large companies had created a systemic risk akin to that posed by the leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up [...]
Hayward in talks to join Glencore board January 23, 2011 FORMER BP chief executive Tony Hayward is in early talks about joining the board of commodities trader Glencore as part of its planned initial public offering, it emerged yesterday. Hayward, who is a non-executive director for Russian oil venture TNK-BP, recently met with Glencore chief executive Ivan Glassenberg to discuss taking a non-executive role, according [...]
Inter RAO hunts for investors January 20, 2011 INTER RAO could seek a strategic investor for a 25 per cent stake and may also consider share swaps as it continues to grow, the Russian state-controlled group’s head Boris Kovalchuk said yesterday. The electricity generator and power trader is being used by Russia as a home for billions of dollars of assets as the [...]
What the other papers say this morning January 19, 2011 FINANCIAL TIMES MOD FACES FRESH CRISIS OVER ITS FUNDING Senior figures in the Ministry of Defence are warning of a possible reopening of last October’s Strategic Defence and Security Review because the MoD lacks the funds needed to provide the military capability demanded by the government for 2020. The department has discovered that it needs [...]
Double-bagel woe for fading Safina January 18, 2011 DINARA Safina became the first former world No1 to suffer a grand slam double-bagel as she crashed out of the Australian Open to Belgium’s Kim Clijsters. The Russian, who has plummeted 74 places in the world rankings in just 15 months, lost 6-0, 6-0 to third seed Clijsters in just 44 minutes. Elsewhere there were [...]
POLITICIANS ARE DRIVING EURO-DOLLAR January 18, 2011 DIRECTOR OF CURRENCY RESEARCH, GFT THE euro/dollar found itself on a decidedly more shaky ground at the start of this week’s trade after Germany’s Finance Minister stated that the EU’s largest and most important economy had no intention of adding more capital to the EFSF fund. Wolfgang Schauble told German media he does not support [...]