Business News in Brief: 28/11/2010
Sunday 28 November 2010
Vanguard to be mothballed as main directors move on
Private-equity-backed energy firm Vanguard Petroleum is to be either wound up or left dormant after its main directors have taken up jobs elsewhere.
Earlier this month Vanguard chief executive Neil Ritson was appointed to the same role at Leni Gas & Oil, the Alternative Investment Market-listed group that has operations in Spain and Malta. Vanguard co-founder Gordon Stein left to become finance director at Cadogan Petroleum at the start of November.
Gerald Ronson pre-sells 150 Heron apartments
Property entrepreneur Gerald Ronson has now pre-sold 150 of his 284 apartments at The Heron, the 36-storey luxury residential tower being built in the City of London. It will open in 2013 and is close to his Heron Tower office development, which is due for completion next year. Mr Ronson has also leased the sixth floor of his Peak development in Victoria for £65 per sq ft to Global Infrastructure Partners this month.
Thomas Cook and TUI set to update market
Holiday firms Thomas Cook and TUI Travel are set to update the market this week following the former's recent announcement of its move into the Russian market. And TUI Travel investors will be looking for signs of whether its major shareholder, TUI, will launch a bid to take full control of the company. Meanwhile, Aberdeen Asset Management is expected to announce a full-year pre-tax profit of £191m and a 16 per cent increase in its dividend.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
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