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.
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Baldness could soon be treated using stem cells, scientists hope
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
Ball pool for adults opens in London
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
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