Gazprom mulls float of units September 6, 2010 RUSSIAN energy company Gazprom said yesterday it planned to combine its numerous electricity holdings under a single entity that it would float on the stock market. Combining the assets, some of them large electricity providers, would create Russia’s second-biggest power producer after state-controlled Rushydro, Renaissance Capital analyst Vladimir Sklyar said. The consolidation would be done [...]
Suits’ fave spot for a helping of glam September 6, 2010 Aqua Nueva Fifth Floor, 30 Argyll Street, W1B 3BR Tel: 020 7478 0540, www.aqua.com.hk FOOD SERVICE ATMOSPHERE Cost per person without wine: £50 LONDON’s love affair with the shamelessly glam has been hotting up for several years and Aqua Nueva, the Spanish side of a double rooftop restaurant off Regent Street, fits the bill perfectly. [...]
TASTING NOTES September 6, 2010 THE eating establishment reviewed above is the polar opposite to the one discussed here. Where that one is brashly glamorous and made for Euro-trotting Russians, this one is beautifully humble, studiedly homely and completely spot-on food-wise. It is equally trendy, of course, but rather it’s a Boho teacup whereas Aqua is a towering martini glass. [...]
BP to launch $20bn sale of stake in Prudhoe Bay oil field September 5, 2010 BP has put its $20bn (£12.9bn) stake in Alaska’s Prudhoe Bay oil field up for sale as part of the oil major’s move to cover the rising costs of the Gulf of Mexico spill. The sale falls in line with plans announced by BP to auction off roughly $30bn in global assets to help pay [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 2, 2010 FINANCIAL TIMES LENDERS SHUNNED ON STRESS TESTS DOUBTS Leading UK and continental European companies are increasingly shunning banks from Spain, Italy and even Germany because they do not believe the Europe-wide stress testing of banks gave a true picture of their financial health. Corporate treasurers from groups with revenues of more than $240bn told the [...]
Imperious Fed looks Beck to his best September 2, 2010 FIVE-TIME champion Roger Federer continued his love affair with the US Open after cruising into the third round at Flushing Meadows. The Swiss second seed eased to a 6-3, 6-4, 6-3 victory over German Andreas Beck to earn a third round clash with either Paul-Henri Mathieu or Guillaume Rufin. Meanwhile, Russian sixth seed Nikolay Davydenko [...]
China considers probe into BHP Billiton’s bid for Potash Corp September 1, 2010 China may launch an antimonopoly probe into BHP Billiton’s $39bn (£25bn) bid for Canada’s Potash Corp, the China Business News has claimed. China will also review the merger of two Russian potash firms – Uralkali and Silvinit – given the major impact the two deals would have on China, the paper cited the unnamed source [...]
Rusal swings back into the black again August 31, 2010 Russia’s Rusal, the world’s largest aluminium producer, said yesterday it swung back to the black in the second quarter as sales increased, and added it plans to launch depositary receipts in Russia later this year. In total, for the six months to the end of June Rusal produced a net profit of $1.27bn (£825m), compared [...]
Raising the steaks in the City August 30, 2010 Goodman City 11 Old Jewry, EC2R 8DU www.goodmanrestaurants.com Tel: 020 7600 8220 FOOD SERVICE ATMOSPHERE Cost per person without wine: £50 FOR some people – sensible people – no amount of fancy presentation, molecular menus, seasonal ingredients or painstaking taste combinations will ever satisfy the taste buds in the same way as a simple, well-cooked [...]
Weather fears push up wheat August 30, 2010 Western European wheat markets extended gains yesterday as adverse crop weather in the southern hemisphere and harvest rain in Germany reinforced concerns about global supply in the wake of a severe drought in Russia. Benchmark European futures in Paris broke resistance levels to hit new three-week highs, while Germany’s cash market set a 28-month peak [...]