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.
Board creates magnetic field to achieve lift
Singer says the track was 'force-fed down people's throats'
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
George Lucas criticises the major Hollywood film studios
Film follows park rangers in the Congo
Does Chris Grayling realise what a vague concept he is dealing with?
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake report claiming street artist's identity has been revealed
- 3 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 4 Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
- 5 The inventor of the Facebook 'like' button says he never made a 'dislike' button because he feared the 'unfortunate consequences'
Ukraine crisis: Donetsk 'tactical missile' explosion at factory sends blast wave across rebel-held city
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Banksy arrest hoax: Internet duped by fake report claiming street artist's identity has been revealed
Super-sized ships arrive in Britain: How big can they get?
Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
London bus driver 'kicks gay couple off for kissing'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
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