JKX plans to double production March 30, 2010 JKX, the oil and gas producer, reported a six per cent rise in production in 2009 and promised a year of growth as it looks to nearly double its production by 2011. It said it plans to invest $230m (£152m) in its Russian and Ukrainian operations in 2010, following a fundraising in January. This year [...]
THE TIPSTER March 28, 2010 SHARES in HMV have been on a general downward trend since reaching highs of 159.50p in April last year. However, after announcing a strategy review last week, which will see the firm increase its involvement in live music and ticketing, its share price jumped by 10 per cent. Spreadex has a June-based HMV contract with [...]
INM hands Lebedev £9m to take Indy March 25, 2010 THE Independent newspapers were yesterday sold to Russian billionaire and former KGB spy Alexander Lebedev for £1. Independent News and Media (INM) will pay Evening Standard owner Lebedev £9.25m over the next 10 months, effectively compensating him for taking the beleaguered newspapers off its hands. Lebedev has set up a new vehicle, Independent Print Limited, [...]
The spy who loves papers needs deep pockets March 25, 2010 JOURNALISTS at the Independent cheered when they found out that former KGB spy Alexander Lebedev had finally bought the newspaper. Their reaction couldn’t have been more different to the doomed silence that descended on the Evening Standard offices in January 2009, when hacks at that title learned of its sale to the Russian billionaire. But [...]
Bullock is Miss Sentimentality in her apple pie Oscar role March 25, 2010 Film THE BLIND SIDE Cert: 12A IT’S certainly a remarkable story. “Big Mike” Oher, a poor black kid from the Tennessee projects abandoned by his junkie mother, became a major star in American football after being rescued by rich housewife, Leigh Anne Tuohy. She and her millionaire husband (Tim McGraw) adopted him as a teenager, [...]
Lebedev buys Independent for £1 March 25, 2010 THE Independent and Independent on Sunday newspapers have been sold to Russian billionaire Alexander Lebedev. Oligarch Lebedev, owner of the Evening Standard, bought the loss-making papers from Irish company Independent News & Media (INM) for £1. As part of the deal, INM agreed to pay Lebedev’s Independent Print Limited (IPL) £9.25m over the next ten [...]
Harry’s magic takes Spurs to Wembley March 24, 2010 TOTTENHAM V/S FULHAM HARRY REDKNAPP weaved his magic to earn Tottenham a trip to Wembley for a third straight season. The Spurs chief looked dejected after a disappointing opening half saw Fulham take a deserved lead through Bobby Zamora. But he responded by introducing David Bentley, who in turn levelled the scores with a curling [...]
TWO?MBA?ENTREPRENEURS March 24, 2010 OLGA NEFEDOVA Having worked as a senior drilling engineer for oilfield services giant Schlumberger for four years, and then for Mitsubishi Steel Trading, Olga Nefedova took a full-time MBA at Warwick Business School in 2008-2009. She now combines a customer services manager role at Schlumberger with running an online gallery selling Russian art, the Kohgan [...]
Ancelotti: Chelsea won’t sack me March 23, 2010 CHELSEA manager Carlo Ancelotti is convinced he will still be in charge next season, irrespective of whether the team’s Premier League and FA Cup challenges flourish or flounder. It cannot have escaped the self-confessed fan of statistics, however, that Roman Abramovich has dispensed with coaches with better records than his. Ancelotti takes his side to [...]
OUT OF OFFICE March 22, 2010 THE WHITE GUARD Following the success at the National Theatre of last year’s tales of communist Russia, Burnt by the Sun and Tom Stoppard’s Every Good Boy Deserves Favour, comes Mikhail Bulgakov’s The White Guard. A lesser-known work by the Master and Marguerita author, adapted by Andrew Upton, it’s a story of the madness of [...]