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January 15, 2007
Smiths chief can breathe easily
...times earnings before interest, taxation, depreciation and amortisation. “It is a good exit multiple,” said Ben Fidler, aerospace analyst at Deutsche Bank. “It gets them out of what had been a problematic business recently.” Others are...fighter. “They have done a great job of getting on new platforms and we like businesses that require scale,” said Jeffrey Immelt, GE’s chairman and chief executive. “This is a set of platforms that we can grow organically over a long period... By James Boxell in London and Francesco Guerrera in New York
January 16, 2007
Sigh of relief over Smiths' GE deal
...10 times earnings before interest, taxation, depreciation and amortisation. "It is a good exit multiple," says Ben Fidler, aerospace analyst at Deutsche Bank. "It gets them out of what had been a problematic business recently." Others are...on a sale. "They have done a great job of getting on new platforms and we like businesses that require scale," says Jeffrey Immelt, GE's chairman and chief executive. "This is a set of platforms that we can grow organically over a long period... By James Boxell in London and Francesco Guerrera in New York
January 15, 2007
BAE probe ‘had widened to MoD staff’
...between BAE and Saudi Arabia since the early 1980s, say sources familiar with the investigation. Investigators visited Bill Jeffrey, the MoD permanent secretary, in April last year to inform him of their intentions. The Serious Fraud Office wanted to...payments made on UK defence deals in South Africa, Chile and Romania. Additional reporting by Christopher Adams and Stephen Fidler By Michael Peel and Jimmy Burns
December 1, 2007
Court backs Alfa Group right to Megafon stake
...the stake in order to concentrate on fighting the liquidation proceedings in Bermuda and the criminal probe in the BVI. Jeffrey Galmond, the Danish lawyer who has claimed to be the owner of Ipoc, declined to comment on the settlement yesterday...stake in Megafon. Mr Usmanov's office did not return requests for comment yesterday. Additional reporting by Stephen Fidler www.ft.com/telecoms By Catherine Belton in Moscow
January 8, 2005
Whose power, whose glory?
...financial meltdown such as the Asian crisis of 1997, while moving fitfully on issues such as debt forgiveness. As Stephen Fidler, also of the FT, observed in the journal Foreign Policy a couple of years ago, rich countries have blithely dumped new...depressed, loaded as they are with the shortcomings of multilaterals and the governments of developing countries. As economist Jeffrey Sachs put it in an open letter to the incoming head of the IMF in Foreign Policy recently, when the IMF makes the wrong... By Rahul Jacob
April 23, 2006
A disputed stake pits an oligarch against a Putin ally
...On one side is a Danish lawyer called Jeffrey Galmond, by his account a self-made...Danish lawyer. FROM MARBELLA TO SIBERIA: JEFFREY GALMOND’S GUIDE TO THE OLIGARCHS In...Hotel conversation, lawyer and investor Jeffrey Galmond refers to oligarchs whose experiences... By Stephen Fidler in London, and Arkady Ostrovsky and Neil Buckley in Moscow
April 24, 2006
MegaFon diplomacy: a disputed stake pits an oligarch against a Putin ally
...Venue: a suite in London's Ritz Hotel. Time: 8.11pm on September 6 2004. On one side is a Danish lawyer called Jeffrey Galmond, by his account a self-made man who owns stakes estimated to be worth more than $1bn in Russian businesses... By Stephen Fidler in London, and Arkady Ostrovsky and Neil,Buckley in Moscow
November 15, 2007
US told of ‘evidence’ on Russian minister
...F. Williams, the BVI’s director of public prosecution, said BVI investigators had prepared preliminary charges against Jeffrey Galmond, a close associate of Mr Reiman. The letter alleges he concealed the minister’s role as the beneficial owner of... By Catherine Belton in Moscow and Stephen Fidler in London
January 25, 2007
US pushes Europe on Iran sanctions
...sanctions against the Macao-based Banco Delta Asia in 2005 over North Korea appeared to have influenced tactics against Iran. Jeffrey Schott of the IIE said: "In many cases, financial sanctions have proved to be more successful than trade sanctions." By Stephen Fidler and Daniel Dombey in London
January 24, 2007
Interest in Iranian gas field escalates
...concerns about Iranian interference in Iraq, it seems to me that the US administration will be much more sensitive about this sort of investment," said Jeffrey Schott of the Peterson Institute for International Economics in Washington. By Ed Crooksand Stephen Fidler