Reckitt Benckiser, the maker of Cillit Bang, Dettol, Gaviscon and Nurofen, has announced that it will spin-off its one-drug pharmaceutical business into a separate UK stock listing.
Reckitt’s shares have been partly weighed down by the uncertainty around its drug division, which is made up of just one marketed drug, a heroin addiction treatment called suboxone that is dispensed in a dissolvable film […]
"Any future erosion of our relationship with Rosneft, or the impact of further economic sanctions, could adversely impact our business and strategic objectives in Russia, the level of our income, production and reserves, our investment in Rosneft and our reputation."
Excerpt from a statement by oil major BP. The British oil firm which has a 20% stake in Russian energy giant Rosneft claims that the sanctions imposed on Russia by the West over the crises in Ukraine has not adversely affected its business so far.
The company’s second quarter replacement cost profits, which strip out volatility in oil prices, were $3.2bn (£1.9bn), up from $2.4bn in the same period in 2013.
European ministers are due to meet today in Brussels to discuss bolstered measures against Russia. BP claims these sanctions ”could adversely impact” its business in future.
An international arbitration court ruled on Monday that Russia must pay $50 billion (£29.44 billion) for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
Finding that Russian authorities had subjected Yukos to politically-motivated attacks, the panel made an award to a group of former Yukos shareholders that equates to more than half the entire fund Moscow has set aside to cover budget holes […]
“In April 2014, the government began to release “rebased” data that showed a gross domestic product of $510 billion in 2013, compared with $354 billion for South Africa.
The rebased data also revealed an economy that was far more diverse than previously understood and that, with the right reforms and investments, could become one of the world’s leading economies by 2030. The GDP could hit $1.6tn by then.”
A report by McKinsey Global Institute titled “Nigeria’s Renewal: Delivering Inclusive Growth” noting that Nigeria could be a top-20 economy by 2030 — if the right reforms and investments in trade; agriculture; Infrastructure development; manufacturing and oil and gas.