Alex Paterson, senior analyst at Espirito Santo Investment Bank, comments on the group's quarterly results and on the "disappointing" parcel business.» Read More
Oct 02-=============================================================================== Summary analysis-- Ship Luxco 3 S.a.r.l.------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: B+/ Stable/B Country: United Kingdom Primary SIC: Computer related services, nec=============================================================================== Credit Rating History: Local currency Foreign currency 15- Aug-2011 B+/ B B+/ B 08- Sep-2010--/----/--=============================================================================== Rationale.
Spot gold was up 0.3 percent on the day at $1,778.89 an ounce by 0945 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.
LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.
*Volcker will compare and contrast U.S., UK regulation. LONDON, Oct 2- Paul Volcker, the former U.S. Volcker, who led the Fed under presidents Jimmy Carter and Ronald Reagan, has been at the forefront of recent regulatory attempts to reform the U.S. banking system and will compare and contrast banking practices in Britain and the United States.
LONDON, Oct 2- Barclays is changing its retail and business banking structure under new Chief Executive Antony Jenkins and has appointed the separate heads of retail banking and credit cards to its executive committee.
BRUSSELS, Oct 2- Banks should separate their deposit-taking arms from proprietary trading and other risky investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday.
LONDON, Oct 2- Britain's financial regulator, the Financial Services Authority, has proposed reforms of its listing rules to tighten up the requirements on reverse takeovers in a bid to better protect investors.
Credit Suisse strategists maintain a "small underweight" position on European banking shares while cutting their stance on European insurers to "benchmark" from "overweight", citing risks to the sectors from the euro zone debt crisis, amid other factors.
LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.
OSLO, Oct 2- Norwegian gas exports to Europe rose early on Tuesday because of higher flows to France, but that was partly offset by a fall in deliveries to Britain. Exports to Europe including Britain were up by 14.7 million cubic metres to 274.1 mcm per day at 0800 GMT, compared with the day before, data from Norway's gas system operator Gassco showed.
BANGKOK-- The price of oil approached $93 a barrel Tuesday in Asia after a report showed U.S. manufacturing rose in September for the first time in four months. Benchmark oil for November delivery was up 21 cents to $92.69 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
LONDON, Oct 2- Victrex PLC:. *Mirabaud puts Victrex onto its "best ideas" list. * "If we are right, then Victrex is a business that already has close to a global monopoly in the supply of a high value product, the end markets for which have strong growth potential," Mirabaud writes in a note.
LONDON, Oct 2- The Republic of Poland has opened books on its new 12- year Eurobond with official guidance set at mid-swaps plus 145 bp area, said an official managing the deal. Commerzbank, HSBC, ING and SG CIB received indications of interest totalling EUR2.5bn when sounding out investors earlier on Tuesday morning at swaps plus 150 bp area.
LONDON, Oct 2- Cosalt PLC:. *Court granted further extension for legal documentation to be finalised for. co, calum melville, stuart Melville settlement.
BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.
companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.3 points off the index. Keywords: MARKETS BRITAIN STOCKS EXDIV.
*UK gas system opens 30 mcm/d short. Britain's gas market opened over 30 million cubic metres undersupplied on Tuesday morning, according to data from National Grid. As a result of the undersupplied system and rising demand, gas prices for delivery the next day rose from 58.50 pence per therm on Monday morning to around 61 pence at 0830 GMT on Tuesday.
The health of the euro zone economy, as signalled by Purchasing Managers' Index data, is consistent with a steep slump in equity markets before the year end, Deutsche Bank analysts write in a note. If the index remains around that level for the rest of the year, euro zone equity markets should fall by 22 percent, Deutsche's model shows.
*Shares rise in biggest German IPO since 2010* Talanx IPO eyed in run-up to British Direct Line IPO* Talanx CEO says no big takeovers planned in next 2 years.
*Talanx CEO says no big takeovers planned in next 2 years. FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, opened higher in their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after hesitating last month over the state of Europe's fragile IPO market.