Vimpelcom bid threatens Telenor ties January 17, 2011 NORWAY’S Telenor raised the prospect of yet another legal fight and the possibility of severing ties with Vimpelcom over a proposed bid by the Russian firm for Egyptian tycoon Naguib Sawiris’ telecoms assets. Telenor said yesterday it was disappointed by Vimpelcom’s board approval of a revised bid for Italy’s Wind and Cairo-based Orascom Telecom from [...]
Russians hold the key to the coolest sushi spot in Mayfair January 17, 2011 Sumosan 26 Albemarle Street, W1S 4HY Tel: 020 7495 5999, www.sumosan.com FOOD SERVICE ATMOSPHERE Cost per person without wine: £40 ALMOST entirely lacking the fanfare of Nobu, Roka and Zuma, Sumosan is nevertheless one of the best Japanese dining spots to name drop. It certainly ticks the boxes: a Russian-operated, clubby restaurant in the heart [...]
Mid morning wrapup January 17, 2011 Oil giant BP saw its shares rise by two per cent this morning as its deal with Russian company Rosneft for arctic exploration boosted the stock. Analysts said the tie-up with state-controlled Rosneft opened up massive reserves in the arctic, a region they said was believed to contain one fifth of the world’s undiscovered oil. [...]
BP shares up after Rosneft exploration deal January 17, 2011 Shares in BP rose two per cent following the share swap and arctic exploration deal that the London-based oil major signed with Russia’s largest oil producer Rosneft late on Friday. Analysts said the deal with state-controlled Rosneft opened up massive reserves in the arctic, a region they said was believed to contain one fifth of [...]
BP’s Russia deal comes under fire January 16, 2011 BP’S HISTORIC tie-in with Russia’s state oil company came under intense scrutiny yesterday, as politicians and businessmen piled in to examine the merits and dangers of the deal. The share swap, announced late on Friday, sees BP hand a five per cent stake to Rosneft in exchange for a 9.5 per cent holding in the [...]
BP deal with Russia sparks controversy January 16, 2011 CONCERNS grew yesterday about the political implications of BP’s $16bn (£10bn) share swap with Russia’s state-owned oil firm Rosneft. Shadow justice minister Chris Bryant said in an interview that BP needs “a strong anti-corruption” strategy to work with the company. Labour leader Ed Miliband said he was “pretty worried” about the environmental aspect of the [...]
BP in deal talks with Russia’s Rosneft January 14, 2011 ENERGY giant BP is in talks with Russian state-owned oil company Rosneft over a possible deal, it has announced. BP, which owns 1.4 per cent of Rosneft, has called an emergency press conference at its London headquarters at 9pm tonight to announce full details of the deal. Reports have suggested the deal would be in [...]
What the other papers say this morning January 13, 2011 FINANCIAL TIMES BIG THREE JAPANESE CARMAKERS IN GREEN PUSH Japan’s three largest carmakers have joined forces to promote the adoption of hydrogen fuel cell vehicles, with a plan to build 100 filling stations in Japan for the next-generation “green” cars by 2015. Toyota, Honda and Nissan will be joined by 10 Japanese natural-gas refiners and [...]
Russians rush to list in London January 13, 2011 RUSSIAN steel pipe maker ChelPipe has become the third company from the former Soviet Union to announce a listing on the London Stock Exchange this week. The company, which is to launch an initial public offering (IPO) of up to $1bn (£635.2m), follows pump manufacturer HMS Hydraulic and coking coal producer KOKS earlier this week. [...]
Russian miner plans LSE float January 12, 2011 Russian coal and iron ore miner OAO Koks said yesterday it plans to float in London raising £400m to expand its operations. The Siberian based firm, which is controlled by Boris Zubitsky and his family, plans to offer shares and global depositary receipts in the business in Moscow and London. The firm said in 2009 [...]