Arsenal ownership takes fresh twist as Kroenke takes control of NFL side April 13, 2010 MYSTERY surrounding the future of Arsenal has deepened after the club’s largest investor Stan Kroenke decided to snap up the remaining shares in his American football franchise St Louis Rams. The US billionaire’s move casts doubt on his ability to launch a takeover of the Gunners, just hours after it seemed the Premier League outfit’s [...]
Aristocrat of Arsenal plays hard to get April 12, 2010 LADY Nina Bracewell-Smith will resist selling her stake in Arsenal despite growing pressure from the club’s two biggest shareholders. Speculation reached fever pitch yesterday after it emerged Bracewell-Smith has hired US buyout group Blackstone to advise her over her 15.9 per cent holding in the Gunners. The news coincided with the deadline for Arsenal’s leading [...]
Rusal upbeat about aluminium demand April 12, 2010 RUSAL, the world’s biggest aluminium producer, said yesterday it expects the aluminium market to improve this year with the global recovery, prompting it to boost production and restart a mothballed plant. The Russian firm, which raised $2.2bn (£1.4bn) when it became the first non-Asian company to list in Hong Kong earlier this year, posted a [...]
OUT OF OFFICE April 12, 2010 AT THE BRIDEWELL: WHIPPING IT UP As election fever takes hold, the Tower Theatre Company is reviving Steve Thompson’s rip-roaring dissection of Westminster double dealing and dirty tricks. Set just after a general election that’s returned the Tories to power with a tiny majority, the play is rife with rebellious backbenchers, backstabbing Chief Whips and [...]
Governance issues could mar Essar IPO April 8, 2010 LONDON scored a coup as Indian industrial giant Essar yesterday said it would list its energy business on the Stock Exchange, though concerns rippled through the market over the extent of the subsidiary’s independence from its powerful parent. Essar said it would float between 20 to 25 per cent of the energy division Essar Energy [...]
CITY MOVES | WHO’S SWITCHING JOBS April 8, 2010 Merrill Lynch Wealth Management Nick Booth has joined the wealth management firm as a business development director within the Merrill Lynch Portfolio Managers division. Booth, who will be based in Jersey, will focus on ultra high net worth clients and trust companies in the Channel Islands, working closely with the wealth structuring and advisory teams. [...]
Russian egg giant plans London IPO April 6, 2010 UKRAINE’S biggest egg producer Avangard is planning a stock-market float in London. The IPO would be the first from the Commonwealth of Independent States (CIS) in the capital this year. The company has not revealed how much it hopes to raise. If the IPO goes ahead, it will be the first London listing by a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 5, 2010 FINANCIAL TIMES DUBAI WALTH FUND BUY-OUT HEAD SWITCHES TO CARLYLE Carlyle, the US-based private equity group, has poached Eric Kump, head of Dubai International Capital’s European private equity team, leaving the sovereign wealth fund with a troubled portfolio and lacking funds for new deals. Mr Kump will on Tuesday be unveiled by Carlyle as a [...]
Deripaska could return to Norilsk April 5, 2010 A billionaire shareholder in Russian aluminium giant Rusal is set to return to the board of Norilsk Nickel, in the latest sign of a possible merger. Oleg Deripaska has been included on a list of candidates for the board, which the company shareholders are due to approve at its general meeting in June, Norilsk said [...]
Four more fights and that’s my lot, vows champ Haye April 5, 2010 BRITAIN’S world heavyweight champion David Haye has set himself a four-fight target before taking early retirement. Haye came through the first defence of his WBA crown with a ninth round stoppage of American John Ruiz in Manchester on Saturday. But at the tender age of 29, the Hayemaker is already planning to hang up his [...]