Roman Abramovich

  • *Russia needs medium-sized firms to wean itself off oil. Immigration lawyers, estate agents and bankers in Europe are reporting a jump in interest from middle class business owners planning to move their ventures and families outside Russia. "People are realising things aren't going to get better for a while and it is time to establish themselves elsewhere,"...

  • NORILSK, Russia, Jan 23- Falling metal prices are being more than offset by the rouble slide, allowing Russia's Norilsk Nickel to maintain margins despite lower foreign currency earnings, its chief executive said. CEO and co-owner Vladimir Potanin, Russia's eighth richest man with a $12.6 billion fortune from the world's largest nickel and palladium miner,...

  • Few oligarchs can beat Russia's weakening economy Thursday, 11 Dec 2014 | 1:00 AM ET

    MOSCOW, Dec 11- Russia's oligarchs are no strangers to misfortune, asset grabs, forced investments and financial crises. Even those close to President Vladimir Putin are not shielded from plunging oil prices and the economic downturn. Gas producer Novatek, in which an investment vehicle belonging to sanctioned Putin ally Gennady Timchenko has a 23 percent...

  • *Investors pump $48 million into nano-technology company. TEL AVIV, Nov 24- An Israeli company says it has developed technology that can charge a mobile phone in a few seconds and an electric car in minutes, advances that could transform two of the world's most dynamic consumer industries. The company has raised $48 million from two rounds of funding, including...

  • *Reported 2013 loss of 91.5 mln stg vs 2012 loss of 34.4 mln stg. FRANKFURT, Oct 6- Telecoms company Truphone will forge ahead with rapid expansion of its ground-breaking new business model, its chief executive said on Monday, as it seeks to reverse deepening losses stemming from heavy investment in the reinvention of its global network. "We are doing away with the...

  • Putin ally: Sanctions on his bank have backfired Sunday, 23 Mar 2014 | 5:50 PM ET
    Vladimir Putin, Russia's president, addresses a meeting of the Russian Union of Industrialists and Entrepreneurs (RSPP) during Russia Business Week in Moscow, Russia, on Thursday, March 20, 2014.

    An ally of Russian President Vladimir Putin, hit by U.S. sanctions, suggested on Sunday the move had backfired.

  • LONDON, Oct 12- Russian businessman Boris Berezovsky will pay 35 million pounds towards the legal fees of Chelsea Football Club owner Roman Abramovich after failing in a $6 billion London court battle with his former protege, lawyers said.

  • Berezovsky to pay Abramovich $56M in legal costs Friday, 12 Oct 2012 | 12:17 AM ET

    LONDON-- A British court has ordered self-exiled Russian tycoon Boris Berezovsky to pay 35 million pounds in legal costs to fellow Russian Roman Abramovich after losing a lawsuit against him.

  • Sepura gains 3.8 percent after an upbeat first half trading update from the digital communications firm, highlighting new business wins in North America. A healthy order book and robust pipeline of opportunities offers confidence in ongoing progress, " Liberum Capital says in a note repeating its" buy "rating on Sepura.

  • Raspadskaya Q3 coking coal sales volumes down 8 pct q/q Thursday, 11 Oct 2012 | 9:08 AM ET

    MOSCOW, Oct 11- Russian coking coal miner Raspadskaya said on Thursday it sold 981,000 tonnes of coking coal concentrate in the third quarter, 8 percent less that in the previous three months.

  • Technology provider e2v Technologies falls 4 percent in heavy trading volumes of eight times its 90- day daily average after a warning that it would miss its targets for the year.

  • *Evraz buys out management stake in Raspadskaya. MOSCOW/ LONDON, Oct 4- Russia's Evraz has agreed to take control of coal miner Raspadskaya in an $800 million deal that will make the steelmaker self-sufficient in coking coal and turn it into Russia's largest producer of the steel ingredient.

  • Evraz to gain control in a major Russian coal mine Thursday, 4 Oct 2012 | 4:57 AM ET

    MOSCOW-- Steelmaker Evraz is to gain control of one of Russia's largest coal mines after acquiring a half stake in Cyprus- based investment vehicle Corber Enterprises for an undisclosed sum.

  • MOSCOW, Oct 4- Evraz, Russia's largest steelmaker, is to take a majority stake in coal miner Raspadskaya in an $800 million cash and share deal designed to give it more control over the supply of coking coal, a key ingredient in steelmaking.

  • MOSCOW, Oct 4- Evraz, Russia's largest steelmaker, agreed to increase its stake in the Russian coal miner Raspadskaya by half to 82 percent, the company said on Thursday.