Strand Hanson in legal claim over £7.6m fee paid to firm’s founder July 25, 2010 CORPORATE advisory firm Strand Hanson has initiated legal proceedings against its founder and former chairman, claiming he owes the firm a share of £7.6m in advisory fees he raked in last year when working for oil company Sibir Energy. Richard Fenhalls, who launched Strand Hanson – then named Strand Partners – 17 years ago, is [...]
NICK BOOTH TECH TALK July 21, 2010 Nick Booth, editor of www.mobileb2b.co.uk, had builder trouble with his home – and his website. If only he’d used these translation services… TOO tired to text? All thumbed out? Are you one of life’s great dictators? There are all kinds of gizmos that claim to translate your words into prose. But how “egg curate” are [...]
More to Russia than gas July 20, 2010 FOR years, investment in Russia has meant little more than investment in commodities and energy. And while those sectors still make up a huge proportion of the country’s wealth, those trying to target high-return emerging market growth in Russia should steer clear of the usual country wide benchmarks. Renaissance Capital’s Karol Chrystowski says: “Most of [...]
Farnborough show sees bumper start July 19, 2010 ALMOST $20bn (£13.1bn) in deals were signed yesterday at the Farnborough Air Show, marking a successful first day for the annual aviation gathering. Boeing, which kick-started the show with the arrival of its 787 Dreamliner jet on Sunday, signed a bumper round of deals after Emirates airline agreed to buy up to 30 new 777-300ER [...]
FOOD & BOOZE NEWS July 12, 2010 LARDER OF LONDON REOPENS For a foodie city, one thing London is shamefully short of is quality food markets. Anyone who’s had enough of fighting their way through the Borough Market hoards can now instead fight their way through the West End hoards each Saturday at the newly-launched Foodlovers Market in Soho, once reputed as [...]
FSA fines ex Sibir chief for market abuse July 6, 2010 A DAMAGING corporate ruse was finally rumbled yesterday after the City regulator slapped a £350,000 fine on Henry Cameron, the former chief executive of oil company Sibir Energy. Last year, Sibir was embroiled in controversy over debts owed to the company by Russian tycoon Chalva Tchigirinski, one of its major shareholders. Sibir informed the market [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 1, 2010 FINANCIAL TIMES GENERAL ELECTRIC CHIEF VENTS FRUSTRATION OVER CHINA The GE chief executive Jeff Immelt told Italian industrialists at a dinner on Wednesday that he was worried about the way Beijing was treating foreign companies. “I am not sure that in the end they want any of us to win or any of us to [...]
Polyus and KazakhGold eye LSE June 30, 2010 Russian miner Polyus will list on the London Stock Exchange and probably enter the FTSE 100 following its merger with KazakhGold. The fused entity will have a market value of £6.7bn and is expected to be chaired by Mikhail Prokhorov, Polyus’ owner. Polyus said that it would delist its shares in Moscow to seek a [...]
Venus sent crashing out by Pironkova June 29, 2010 GIANT-KILLER Tsvetana Pironkova told of her dream come true after sending five-time champion Venus Williams spinning out of Wimbledon. The unseeded Bulgarian put in the performance of her life, returning everything Williams had to throw at her, to come through 6-2, 6-3 in one of the biggest shocks in SW19 history. “It seems like a [...]
Housing market is looking healthier June 28, 2010 THE long upwards run for house prices has ground to a halt. The recent history of UK house prices has confounded many commentators: values plunged when the credit crunch hit, albeit not as much as in the US, then regained over half of their losses over the past year. The present return to stagnation makes [...]