Ahead of Britain's third quarter gross domestic product due on Friday, Christian Schulz, Senior Economist at Berenberg, outlines his expectations.» Read More
LONDON, Oct 4- Kweku Adoboli, the ex-UBS. Adoboli, 32, was arrested in September 2011, and is on trial at Southwark Crown Court accused of fraud and false accounting, charges he denies. Everyone knew it was Kweku Adoboli and John Hughes doing the proprietary trading.
LONDON, Oct 4- Euro zone money markets were stable on Thursday after the European Central Bank kept interest rates on hold, giving no clue when, or if, it may ease them further, although many analysts still expect such a move. However, President Mario Draghi said rate cuts had not been discussed at all this month.
Henderson Global Investors reduced its stake in Iomart to about 4.8 million shares from 7 million shares earlier this week, the company said in a statement on Thursday. Iomart shares, which rose to a life-high of 210 pence earlier on Thursday, dipped after the statement was issued. Iomart owns or leases space on a server for use by its enterprise and SME customers.
MADRID, Oct 4- Spain's economy minister made no direct plea for investment in the country's new "bad bank" setup during face to face meetings in London with leading funds on Thursday but updated them on Spain's progress.
*Spot prices mixed with Germany's down on more green power. FRANKFURT, Oct 4- Prices along Europe's power forward curve recovered on Thursday, led by oil's rise on Middle East concerns, which spilled over into related fuels, traders said. Germany's annual baseload contract for 2013.
*Rio cuts jobs in London, Australia. Australia's Rio Tinto- which gets some 80 percent of its profits from iron ore and is the diversified miner most exposed to fluctuations in the steelmaking ingredient- is cutting jobs in London and Melbourne, a source with knowledge of the situation told Reuters.
LONDON-- Financial markets remained subdued Thursday as investors were reluctant to stake out positions ahead of key U.S. jobs data. The monthly U.S. nonfarm payrolls report, due Friday, is the week's main event in the markets following Thursday's monthly policy meeting of the European Central Bank.
LONDON, Oct 4- Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry.
*Unrest in Turkey- Syria raises regional security worries. LONDON, Oct 4- Brent crude oil rose almost $2 per barrel on Thursday after skirmishes along the Turkey- Syria border raised fresh concerns over the security of Middle Eastern oil supplies.
JOHANNESBURG, Oct 4- Thirty-one former South African miners launched a case against world no. 3 bullion producer AngloGold Ashanti on Thursday in the Johannesburg High Court, saying they contracted the lung disease silicosis while working in its shafts.
Oct 4- Oil rig maker Lamprell Plc said Chief Executive Nigel McCue would step down and Peter Whitbread would be an interim replacement.
Oct 4- Fitch Ratings has assigned Russian Standard Finance S.A.' s USD350m 10.75% five and a half year subordinated issue of limited recourse loan participation notes, due 10 April 2018, a final' B-' rating and Recovery Rating of' RR6'.
LONDON, Oct 4- Consumer goods group Unilever Plc/ NV is looking at a possible sale of its Skippy peanut butter business based in the United States and Canada which could, if sold, fetch around $400 million.
Oct 4- Rupert Murdoch conceded defeat this week in his battle with Google and the Internet, an adversary even more powerful than the British government. Coincidentally, News Corp, Murdoch's holding company, announced the departure of its chief digital officer, Jonathan Miller.
LONDON, Oct 4- Retailer United Carpets Group. The company said it had appointed administrators Begbies Traynor and sold the firm to a wholly-owned subsidiary.
LONDON, Oct 4- Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business and creating regional chiefs as it positions itself for a more challenging outlook for the industry.
Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
LONDON, Oct 4- "Asset managers are emerging from their comfortable burrow to face a battery of lights." Sheila Nicoll, Director of Conduct Policy at Britain's Financial Services Authority, had perhaps been reading Kenneth Grahame before her recent speech, and her words are likely to have sent a chilly wind through the willows of the UK funds industry.
NEW YORK, Oct 4- U.S. stocks were set to rise at the open on Thursday after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis.
*HSBC to focus Islamic business on Malaysia, Saudi Arabia and Indonesia. *Some job cuts at Amanah unit, rest to be merged into HSBC By David French. DUBAI, Oct 4- HSBC Holdings is to significantly scale back its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.