United Kingdom


  • Stocks sink on Spain report, Mosaic miss Tuesday, 2 Oct 2012 | 1:18 PM ET

    Mosaic, Dupont and stocks of other companies in the materials industry fell. Dupont led the Dow lower, sinking $1.02 to $49.34. Spain needs to ask for money from Europe's bailout fund before the European Central Bank can start buying its government bonds.

  • LONDON, Oct 2- Carlyle is set pay itself a 260 million pound dividend from UK roadside rescue business RAC, in a move that could encourage other private equity firms to follow suit after buyout deals dropped to the lowest since 2009..

  • Trading mixed as Spanish speculation grows Tuesday, 2 Oct 2012 | 1:07 PM ET

    The monthly manufacturing survey from the Institute for Supply Management on Monday pointed to an improvement. In Europe markets ended the day slightly lower. The FTSE 100 index was down 0.19 percent at 5,809 while Germany's DAX was off 0.28 percent at 7,305. The CAC-40 in France was 0.6 lower higher at 3,414..

  • This raises serious questions about the near-term economic viability of the low-carbon technology in which Germany and Britain, among others, are setting such store.

  • Oct 2- Plastic packaging maker RPC Group Plc. said Ron Marsh, its chief executive of 19 years, would retire on Oct. 1, 2013. RPC shares were down marginally at 426.35 pence at 0345 GMT on Tuesday on the London Stock Exchange.

  • Luxury stocks out of fashion as China loses steam Tuesday, 2 Oct 2012 | 11:43 AM ET

    PARIS, Oct 2- European luxury stocks, once a must-have for portfolio managers seeking to avoid the European economic doldrums and get exposure to surging China sales, are falling out of favour, hit by concerns about slowing growth there.

  • No mid-life crisis for 007 as Bond films turn 50 Tuesday, 2 Oct 2012 | 11:42 AM ET

    LONDON-- It was a meeting of the two most famous British people on the planet: Queen Elizabeth II turned to her tuxedo-wearing guest and said, "Good evening, Mr. It introduced a dapper but deadly secret agent who wore Savile Row suits, drove an Aston Martin, liked his martinis shaken, not stirred, and announced himself as "Bond, James Bond."

  • Rating firm DBRS won't rush to conclusions on Spain Tuesday, 2 Oct 2012 | 11:42 AM ET

    Markets' eyes are currently trained on Moody's to see whether it strips Spain of its investment grade status as Madrid struggles with cash-strapped regions, an ailing bank system and rising debt refinancing costs.

  • Weak growth outlook drags on European stocks Tuesday, 2 Oct 2012 | 11:41 AM ET

    LONDON, Oct 2- European shares fell on Tuesday, weighed by weakness in basic resources stocks on concern about the outlook for global growth. "The real key to create confidence is positive earnings surprises, positive economic data surprises," Philip Isherwood, European strategist at Absolute Strategy Research, who is' overweight' on stocks.

  • *Gold hovers around 2012 highs* ETF options highlight caution ahead of US jobs data* Platinum eases, S. Africa strikes continue By Amanda Cooper and Clare Hutchison. LONDON, Oct 2- Gold was broadly steady on Tuesday, a day after touching its highest level of the year, helped by a stronger euro and by caution ahead of the release of U.S. employment data this week.

  • Global economic activity has slowed this year, curbing fuel demand growth in Asia, Europe and the United States. Supportive to oil prices, the euro rose for a second straight session on growing expectations the euro zone's fourth-largest economy Spain is ready to seek a bailout.

  • *IPO likely to be single listing on Iraq bourse. Zain Iraq, owned by Kuwaiti telecom group Zain, still needs to convert to a joint stock company in preparation for the float, Hisham Akbar, Zain deputy chief executive and chief operating officer, told reporters on the sidelines of a conference in Dubai.

  • UPDATE 2-UK to close stock market listing loopholes Tuesday, 2 Oct 2012 | 11:12 AM ET

    By Luke Jeffs and Chris Vellacott. LONDON, Oct 2- Britain's financial watchdog is to close loopholes that allow companies to list shares on the London Stock Exchange without being fully vetted, in a bid to better protect investors. The FSA's announcement comes days after Bumi, an Indonesian venture that was listed on the London Stock Exchange.

  • Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.

  • 3rd American Airlines flight had seats come loose Tuesday, 2 Oct 2012 | 11:10 AM ET

    DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.

  • *Regulators at European Commission to consider the proposals. Recommendations of the group, set up by the European Commission, aim to shield taxpayers from having to fund further bailouts and to protect savers from any more banking collapses after more than five years of crisis.

  • Oil regulator expects ND 'discounts' to abate Tuesday, 2 Oct 2012 | 11:05 AM ET

    Lynn Helms says North Dakota crude oil also could be in demand to make jet fuel for Delta Air Lines Inc.. He says they'll make it easier for North Dakota crude oil to flow to refineries in Texas and the Gulf Coast. The airline is exploring getting North Dakota crude, because it's cheaper than oil from Britain's North Sea.

  • Oil slightly lower on economic questions Tuesday, 2 Oct 2012 | 11:03 AM ET

    Benchmark oil dropped 28 cents Tuesday to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 29 cents to $111.90 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • Founder closes in on Redrow bid as deadline nears Tuesday, 2 Oct 2012 | 10:56 AM ET

    LONDON, Oct 2- A consortium led by the founder and executive chairman of Redrow is in talks to raise its offer to buy out minority investors in the British housebuilder, as haggling continues ahead of a Thursday deadline.

  • Poland prices 3.375% EUR1.75bn July 2024 bond Tuesday, 2 Oct 2012 | 10:49 AM ET

    LONDON, Oct 2- The Republic of Poland priced its 3.375% EUR1.75bn 12- year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB on Tuesday. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bond has a spread of 143 bp over mid-swaps and a reoffer price of 99.195, confirmed lead banks.