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Rosneft plans higher dividend as Russia seeks more funds

  Bloomberg Rosneft OJSC, Russia’s largest oil producer, plans to increase its dividend as the government seeks more funds from state corporations to bolster public finances. The company board has recommended increasing the payout to shareholders to 35 percent of its 2015 profit, or 11.75 rubles a share. The dividend would amount to 124.5 billion rubles ($1.87 billion) and represents ...

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Artist JMW Turner to appear on England’s new £20 currency note

  Margate / AFP The artist J M W Turner will appear on the new £20 note, Bank of England governor Mark Carney announced. The new design will include Joseph Mallord William Turner’s self-portrait and his 1838 oil painting “The Fighting Temeraire”. “Turner is perhaps the single most influential British artist of all time,” Carney said. “His work was transformative, ...

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EDF to sell $4.5bn of shares to bolster balance sheet

  Bloomberg Electricite de France SA plans to sell about €4 billion of new shares and deepen cost cuts to bolster its finances as the company works to decide whether to move forward with a controversial nuclear power plant project in the U.K. EDF will submit a plan for the capital increase by the closing date of its 2016 accounts, ...

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