There is nothing to stop an independent Scotland continuing to use the sterling, says David Simpson, economics professor at the University of Strathclyde.» Read More
LONDON, Oct 1- Activity in the British manufacturing sector shrank more than expected in September as export orders fell and costs soared, a survey showed, raising the risk that the economy will falter after a rebound over the past few months. The Bank of England also released the following data for consumer credit and M4 money supply on Monday.
LONDON, Oct 1- The Bank of England released the following data for consumer credit and M4 money supply on Monday:. NUMBER OF MORTGAGE APPROVALS AUG JULY FORECAST. *Steepest fall in total net lending since July 2010.
LONDON, Oct 1- Lending to Britain's consumers fell unexpectedly in August and mortgage approvals for house purchase were weaker than forecast, data showed on Monday, highlighting consumers' reluctance to take on more debt.
LONDON, Oct 1- The Bank of England released the following data for consumer credit and M4 money supply on Monday:. -Steepest fall in total net lending since July 2010. -Sharpest fall in mortgage lending since Dec 2010.
LONDON, Oct 1- British online fashion retailer ASOS said a former managing director of Amazon in the UK will be its new chairman as its seeks more growth overseas. ASOS said in May that Alli would step down after 12 years with the firm.
BACIT founder Tom Henderson, formerly of Cazenove, said: "For many years I have wanted to combine my background in fund management with supporting the incredible work of the Institute of Cancer Research." The fund is backed by City financiers such as private equity veteran Jon Moulton, the founder of Alchemy Partners, who sits on the BACIT board.
LONDON, Oct 1- HSBC Holdings PLC:. *HSBC sells property vision holdings to management. *At 30 June 2012, the business had gross assets of US $7.2 M.
LONDON, Oct 1- British blue chip shares rebounded early on Monday, with miner Xstrata. Shares in Xstrata gained 1.5 percent, having traded 22 percent of their full-day volume average by 0748 GMT, as the company's board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has mandated Barclays, Ceska, SG CIB and UniCredit for a tap of its 3.875% May 24 2022 euro issue. The settlement date is October 5 2012.. Keywords: CZECH REPUBLIC/ BOND TAP.
LONDON, Oct 1- Acteon Group:. *Acteon Group announces change in ownership: First Reserve Corporation sells. *Acteon Group- executive management team will remain in place, further terms.
LONDON, Oct 1- SVG Capital PLC:.
*If successful, would be Tullow's second oil discovery in Kenya. NAIROBI, Oct 1- British explorer Tullow Oil Plc and its Canadian partner Africa Oil Corp started drilling a third well in Kenya, extending a campaign to discover more reserves after finding oil in the east African country earlier this year.
LONDON, Oct 1- Peninsular Gold Ltd:. *Its unit, Raub Australian Gold Mining obtained an Islamic financing facility. for up to about $40 million.
*Weak economic data and Spain worries pressure euro. Investors also remain wary about the outlook for Spain, which is expected to need a full international bailout at it struggles to raise funds for deficit-laden regional governments while recapitalising its struggling banks.
LONDON-- The board of Anglo-Swiss mining company Xstrata PLC said Monday it is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues of around $175 billion. Xstrata said in a statement it was supporting the offer of 3.05 Glencore shares for each Xstrata share.
*Arrium rejects bid, calling it undervalued and conditional. SYDNEY/ MELBOURNE, Oct 1- A consortium including Noble Group and POSCO urged Arrium.
By Kate Kelland LONDON, Oct 1- Extending treatment with Roche's. Analysts had said the Swiss firm, the world's biggest maker of cancer drugs, could lose up to $1.5 billion in revenue from the blockbuster medicine in the medium term if six months treatment had been shown to be just as effective.
LONDON, Oct 1- European shares edged higher on Monday, starting the new quarter with a bounce off three-week lows, as investors increased their exposure to cyclical sectors such as banks and miners.
LONDON, Oct 1- Britain's blue-chip index was fractionally higher early on Monday, led by miner Xstrata. after it gave its long-awaited blessing to trader Glencore's bid. Shares in Xstrata gained 1.6 percent as its board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.
LONDON, Oct 1- Bwin.Party Digital Entertainment PLC:. *Sale of ongame to amaya gaming group inc. *sale of ongame, a leading b2b online poker network to amaya gaming for up to E25.0 million.