GO
Loading...

United Kingdom

More

  • Magna may lose BMW's Mini car contract for Austria Monday, 1 Oct 2012 | 2:14 PM ET

    FRANKFURT, Oct 1- Canadian automotive group Magna International may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in two locations.

  • Investors find more money for private equity-Preqin Monday, 1 Oct 2012 | 2:06 PM ET

    *Coller Capital raises largest fund during period. LONDON, Oct 1- Investors found more money for private equity deals in the third quarter, with private equity houses raising more than $64 billion, according to figures from private equity data group Preqin.

  • U.S. CFTC chief expects margin rules by early 2013 Monday, 1 Oct 2012 | 2:06 PM ET

    WASHINGTON, Oct 1- The top U.S. derivatives regulator said on Monday that his agency aimed to complete rules dictating the amount of margin, or collateral, needed to back uncleared swaps trades by early next year.

  • **CERADYNE INC, $34.92, up 42.9 pct** 3 M, $93.51, up 1.17 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.

  • Molson Coors combines European units Monday, 1 Oct 2012 | 1:48 PM ET

    The Denver- based company said Molson Coors Europe will combine its U.K. and Ireland business with its recently acquired businesses in Central Europe. StarBev makes Bergenbier, Ozusko and Borsodi beers and runs nine breweries, selling brands in in the Czech Republic, Serbia, Croatia, Romania, Bulgaria, Hungary, Montenegro, Bosnia-Herzegovina and Slovakia.

  • **CERADYNE INC, $34.92, up 42.9 pct** 3 M, $93.51, up 1.17 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.

  • UK regulator seeks to smooth EU gas trade Monday, 1 Oct 2012 | 1:39 PM ET

    *Says gas sometimes flows against market signals. LONDON, Oct 1- Britain's electricity and gas regulator Ofgem sought on Monday to identify and remove barriers to European gas trading via pipelines that connect it to the continent, as the UK tries to bolster gas imports on which it is becoming increasingly dependent.

  • LONDON, Oct 1- Banks must change their culture to focus on the needs of customers to restore trust in the industry, Stephen Hester, chief executive of part-nationalised Royal Bank of Scotland, said on Monday.

  • NEW YORK, Oct 1- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan. The Nasdaq Composite Index dropped 3.46 points, or 0.11 percent, to 3,112.77.

  • Fashion show canceled after collection is lost Monday, 1 Oct 2012 | 1:19 PM ET

    PARIS-- There's going to be a one-hour hole in the normally tight Paris Fashion Week calendar, after representatives of label Hakaan said its entire collection had been lost. The whole collection is lost, "said Karen Nitsche of Karlaotto." Last November, Marc Jacobs canceled a London press preview after his collection was stolen during its transfer from Paris.

  • NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.

  • **CERADYNE INC, $34.92, up 42.9 pct** 3 M, $94.10, up 1.8 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.

  • *Sells 20 stores to Sports Direct. Debt-laden JJB said on Monday administrators KPMG had sold 20 stores to British retailer Sports Direct, controlled by Newcastle United soccer club owner Mike Ashley, in a 23.77 million pound deal that would save 550 jobs.

  • Oct 1- Standard& Poor's Ratings Services will hold a telephone conference call on Thursday, Oct. 4, 2012 at 11:00 a.m. Eastern Daylight Time to discuss the outlook, key credit drivers and recent developments within the U.S. and European packaging sectors and what this could mean for specific packaging and packaging-focused forest products companies.

  • Kazakh BTA bank's defaulted bond soars on deal hopes Monday, 1 Oct 2012 | 11:53 AM ET

    LONDON, Oct 1- Kazakh BTA bank's defaulted dollar bond rose more than four points on Monday to six-month highs on speculation that management and creditors are close to thrashing out a restructuring deal.

  • British blue chips rebound on U.S. data, Xstrata Monday, 1 Oct 2012 | 11:52 AM ET

    *FTSE up 1.4 percent on first day of Q4. *Xstrata rises after board back Glencore offer. LONDON, Oct 1- Britain's FTSE 100 share index rebounded from three-week lows on Monday, bolstered by strong U.S. manufacturing data and prospects of more takeover activity after Xstrata's.

  • AMSTERDAM, Oct 1- Dutch financial group ING Groep. will cut a further 30 jobs in its corporate finance unit, mostly in London, Dutch news agency ANP reported on Monday. They are in addition to 100 jobs cut on the equity markets desk covering Central and Eastern Europe and Russia announced earlier in the day.

  • LONDON, Oct 1- Anglo American PLC:. *Anglo American update re. platinum. *Anglo American platinum is aware of increased tensions in the rustenburg area.

  • Oil higher after US manufacturing report Monday, 1 Oct 2012 | 11:45 AM ET

    Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • UPDATE 1-Global regulator slams EU over bank capital Monday, 1 Oct 2012 | 11:39 AM ET

    *EU says Basel study lacks rigorous evidence. *Basel says Japan compliant overall with Basel III. *Basel says U.S. rules differ over securitisation.