RSS Feeds - Financial Times
- Banks poised to seize YPF stake
Petersen Energía has defaulted on a loan from Credit Suisse, Goldman Sachs, BNP Paribas and Itaú that was used to fund its purchase of YPF shares
- Chesapeake’s rivals circle ahead of sales
The group has to jettison some of its best properties to stay aloft and competitors are gathering to see how much they will be able to pick up
- Investor anger hits Cairn, Pru and Cookson
For the first time in Britain’s decade-long history of having a say on pay, shareholders have rejected out of hand the plans of two companies in a single year
- US businesses boost National Grid profits
The group has driven up operating margins at businesses along the eastern seaboard by 50 basis points to 8.8% despite having to absorb supply costs
- Japan pushes Asia gas price close to high
Spot prices set to hit record highs this summer as Japan abandons nuclear power and supplies decline after a LNG pipeline was blown up in Yemen
- Cairn investors vote down pay report
Shareholders revolt reflects simmering discontent despite founder and chairman Sir Bill Gammell’s £3.5m bonus being scrapped in January
- Vedanta nears end of investment plan
Chairman says natural resources group has now reached an ‘inflection point’ after years of heavy spending as it announces 13% increase in earnings
- Working in Africa: Expatriates in little danger of seeing the money run out
But they might find they are not as well ‘looked after’ as they have been in the past
- Rhodium fails to regain lustre
The collapse in rhodium prices is heaping additional pressure on the beleaguered South African platinum mining industry
- FSA probe needed PDQ into Lamprell PDMRs
The regulator should consider whether unfortunate misunderstandings could be discouraged in future by extending the regime for dealing ‘blackouts’
- Argentine electricity groups fear collapse
Decade-long energy tariff freeze sees providers warn of difficulties, sparking concern that the government could step in to nationalise them
- Lamprell hit by warning over profits
Delivery delays on rig components weigh on margins prompting the Dubai-based oil services group to warn it could swing to a loss in the first half
- Total plugs North Sea gas leak
Breach at the French oil major’s Elgin platform is finally secured in a 12-hour procedure – seven weeks after it was initially discovered
- Financing problems put A123 in jeopardy
The battery manufacturer, which has been offered a $249m US government grant, warns about a ‘substantial doubt’ over continuing as a going concern
- Veolia chief wins support to stay at helm
Shareholders vote in favour of three directors who will replace those believed to be sympathetic to the former chief who tried to oust Antoine Frérot
- Turkey close to Azeri gas deal
EU officials had hoped a bigger pipeline, named Nabucco, would provide substantial alternative supplies to Russian gas
- Shell warns on US natural gas bounce
Chief executive Voser predicts strong recovery from the 10-year lows the fuel has hit as a result of the boom in shale gas production
- Eon: load-shedding
The German utility’s third big disposal relieves it of Open Grid’s high capital spending needs and of another low-return outpost of its empire
- Eon sells gas distribution unit for €3.2bn
The German utility offloads Open Grid Europe to a group of infrastructure investors led by Australian bank Macquarie
- SSE produces record renewables output
Networks business provides stability and growth and the electricity company looks well-positioned when generation capacity is finally retired
