WHAT THE OTHER PAPERS SAY THIS MORNING January 21, 2010 FINANCIAL TIMES MUSIC INDUSTRY CLAIMS 95 PER CENT OF DOWNLOADS ILLEGAL AS CD SALES FALL A quarter of all recorded music industry revenues come from digital channels but online file-sharing continues to undermine the global music industry, with sales of physical and digital music falling last year, according to trade body the International Federation of [...]
SSL Russian venture lifts expectation January 21, 2010 THE owner of the Durex and Scholl Footwear brands SSL yesterday said the recent acquisition of Russia’s most popular condom brand has continued to perform ahead of expectations, boosted by strong sales of core consumer brands and continued investment in advertising and promotion. Despite a difficult trading environment in some countries, the company has seen [...]
Redknapp ponders van Nistelrooy bid January 19, 2010 TOTTENHAM boss Harry Redknapp admits he is interested in signing striker Ruud van Nistelrooy on loan. The former Manchester United hitman, 33, has been linked with a return to the Premier League after falling out of favour at Real Madrid. But while Redknapp heads the queue for the free-scoring Dutchman, the deal would only hinge [...]
Federer finds his feet after surviving an early scare January 19, 2010 WORLD No1 Roger Federer came through a shaky start to open his Australian Open account with a stuttering victory over Igor Andreev at Melbourne Park. The Swiss star, seeking a fourth Australian Open title, dropped the opening set before coming back to win 4-6, 6-2, 7-6 (7-2) 6-0 against the Russian. “I knew it was [...]
BROKER WILLS & CO OPENS FIRE ON FSA’S REGULATORY CRACKDOWN January 18, 2010 WHEREAS most City firms are content to whinge ineffectually about the Financial Services Authority’s new heavy-handed approach to regulation, it seems that others are starting to put their money where their mouth is. Rumours have been busy swirling in the Square Mile over the regulatory status of private client stockbroker Wills & Co, which can [...]
Strand Hanson strikes a pact with Russia’s Renaissance January 18, 2010 CORPORATE finance boutique Strand Hanson has forged a strategic advisory alliance with Renaissance Capital, under which the Russian emerging markets investment bank is to take a 9.9 per cent stake in the business. The deal comes after a busy year for Strand, which was bought out by a management team led by chief executive Simon [...]
Sharapova crashes out as Nadal marches on January 18, 2010 MARIA SHARAPOVA insisted she will take defeat on the chin after becoming the first big-name casualty of the Australian Open. The 2008 champion, seeded 14, made no fewer than 77 unforced errors and served 11 double faults as she crashed 7-6 (7-4), 3-6, 6-4 to fellow Russian Maria Kirilenko. “It’s a bad day and you [...]
Embark on an unforgettable winter journey January 17, 2010 SITTING under a palm tree on an idyllic beach starts to sound almost pedestrian when you consider what adventures lie in store for those willing to embrace snow and ice. It’s cold, but winter brings some of the most beautiful landscapes and thrilling activities on earth – from dog sledding in the Arctic Circle to [...]
Oleg Deripaska cancels 2007 deal to acquire Russneft firm January 10, 2010 Russian tycoon Oleg Deripaska has pulled out of a deal struck in 2007 to acquire oil firm Russneft from its founder, Mikhail Gutseriyev. The deal was reversed because Deripaska failed to win permission from the Russian government’s commission on foreign investment in strategic industries. Approval from the commission, chaired by Russian prime minister Vladimir Putin, [...]
Goodyear turns down Usmanov January 10, 2010 Charles “Chip” Goodyear, the former chief executive of FTSE 100 mining group BHP Billiton, has turned down a return to the sector with Metalloinvest – the steel group founded by Russian billionaire Alisher Usmanov. Goodyear is understood to have been approached before Christmas but rejected an offer.