Archive for September 19th, 2012
Russia’s Rosneft secures $15bn financing to fund TNK-BP deal
Russian state-run oil and gas major OAO Rosneft (MCX:ROSN; LON:ROSN) is seeking USD15bn (EUR11.5bn) in loan financing to fund its planned purchase of a stake in oil producer TNK-BP (RTB:TNBP) from BP Plc (LON:BP), Bloomberg and Debtwire reported independently on …
Proposed change to UK’s RPI inflation measure could hit pension income
Income from UK private pensions and index-linked government bonds could be reduced under new proposals put forward yesterday to narrow the gap between the CPI and RPI measures
UK luxury retailer Burberry stops production in China on concerns over worker’s conditions
The British owned luxury goods manufacturer Burberry has pulled production of its bags from a factory in the Guangdong Province of China, the Bureau has learnt. The move follows
New Goldman CFO possible candidate to replace Blankfein
US-based banking giant Goldman Sachs (GS.N) said in a statement last night that senior trading executive Harvey Schwartz will replace David Viniar as the bank’s chief financial officer. Viniar,
Rank’s deal to acquire Gala non-binding due to regulatory delays
British gaming and betting company Rank Group Plc (LON:RNK) said today that its agreement to acquire the casino business of rival Gala Coral Group Ltd will cease to
Manchester United’s fourth quarter results disappoint investors
English football club Manchester United has reported an increased loss in the fourth quarter to GPB14.9 million, compared to GBP351,100 in the same period last year. Revenues in the
UK private equity company CVC to sell a 10% stake to Asian investors — report
UK-based private equity firm CVC Capital Partners Ltd will shed 10% of itself, Bloomberg reported, quoting two people in the know. The company plans to sell the stake to
Alibaba repurchases its own shares from Yahoo! for $7.6bn
US digital media giant Yahoo! Inc (NASDAQ:YHOO) said it had sold some 20% in Alibaba Group to the Hong Kong-based e-commerce firm for around USD7.6bn (EUR5.8bn) in cash
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UK retail sales in April down due to rising prices and poor weather
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Telecom Italia considers divesting mobile phone unit — report
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Tobacco group Philip Morris to take full control of Mexican arm in $700m deal
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Oil group Cheveron close to selling Egyptian and Pakistani units — report
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Mexico’s America Movil agrees to acquire Star Wireless Group
Mel Giles insolvency practitioner: "The remaining UK-manufactured vehicles are exported, with more than e...
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