News

Shareholders will vote on the separation on the week commencing 16 December

Market Report: Bid talk casts Shire as buyer, not target

Traders have named the pharmaceuticals group Shire as a takeover target more times than they have taken paracetamol, but yesterday the City was overdosing on rumours that Shire was lining up a takeover of a US drug group.

Bumi shakes up management team on way to a 'relaunch'

Embattled coal miner Bumi has revamped its management team in what chief executive Nick von Schirnding claims will be a "relaunch".

The Business Matrix: Tuesday 23 July 2013

Shell bids to strike lucky in Brazil

Bumi battle nears end with $501m deal

The long-running saga of separating the battle-bruised miner Bumi from Indonesia’s powerful Bakrie family could finally be coming to an end after the parties announced a potentially decisive $501m (£330m) deal yesterday.

The Business Matrix: Friday 12 July 2013

SuperDry enjoys a super set of results

TM Lewin set to choose advisers for £100m sell-off

TM Lewin, the maker of shirts worn by hordes of City workers, is close to appointing advisers to sell the business for up to £100m.

Bumi in £113m deal with the former boss of its 'black hole' subsidiary

Bumi, the scandal-scarred coal miner, has struck an agreement to restore its reputation and ultimately lift the suspension in trading of its shares.

Simon English: Will outspoken Mr Buxton continue to talk out loud when he joins Old Mut?

Last month Richard Buxton suddenly quit as head of UK investment at Schroders, the venerable City fund-management house which commentators can seldom resist describing as "blue-blooded".

Bumi shares leap on sale of Rosan Roeslani's pivotal 10% stake

Shares in beleaguered Indonesian coalminer Bumi jumped by nearly 5% yesterday after major investor Rosan Roeslani sold his pivotal 10% stake in the group ahead of a crucial vote on Thursday.

Bumi digs in despite the feuding and hits targets

The bitter feud between Bumi’s co-founders hasn’t affected the coal miner’s performance, as the firm today announced it had met 2012 production targets and cut quarterly costs.

What the Sunday Papers said

Goldman Sachs' chief executive, Lloyd Blankfein, has admitted that media pressure forced the Wall Street bank to drop its plan to save its British employees millions of pounds in bonuses through tax avoidance. "We were very, very influenced by the press, and that's certainly not embarrassing. We have to take account of it," said Mr Blankfein at the World Economic Forum in Davos.

Iraq to sue Genel Energy over exports

Baghdad is preparing to sue Genel Energy, the oil company run by the former BP chief executive Tony Hayward, for "illegally" exporting some of the oil it produced in the semi-autonomous region of Kurdistan.

Bumi lender quits Standard Chartered

A leading Standard Chartered banker involved in making a $1bn (£620m) loan to the Indonesian chairman of the London-listed miner Bumi has quit after the bank struggled to get other lenders on board.

Mining: The darker side of the London market

The Bumi drama highlights how many in the City want to shine more light on foreign firms gaining from a London listing

Foreign miners to be subject to tighter London listing rules

The City regulator will this week announce a clampdown on listing rules aimed at preventing the kind of scandals which have surrounded foreign mining companies such as Kazakhstan's ENRC and Indonesia's Bumi.

Latest stories from i100
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

Mary J Blige and Will.i.am to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...