Ian Temple, chairman of the Hydrogen Group, talks to CNBC about the UK's rise as a technology hub, with media and consultancy skills coming together.» Read More
By Claire Ruckin and Owen Sanderson. LONDON, Oct 4- Spain's Banco Santander has sold a 2.5 billion euro loan portfolio to Bank of America Merrill Lynch, banking sources said on Thursday, part of efforts by Spain's banks to plug a capital shortfall. Santander, Bank of America Merrill Lynch and Bankia declined to comment.
The price of oil is rising the most in two months after tensions rose between Syria and Turkey. Oil rose to $91.63, a jump of $3.49, or 4 percent, in morning trading on the New York Mercantile Exchange. The increase came as Turkey's military fired on targets in Syria for the second day.
LONDON-- Unilever has announced that it will consider selling its Skippy peanut butter business in the US and Canada as part of a strategic review. The company says it is also considering other options for the brand.
LONDON-- The NBA is coming back to London with a regular-season game between the Detroit Pistons and New York Knicks in January. The NBA says the Pistons and Knicks will play on Jan. 17 at the O2 Arena, the site of this year's Olympic gold-medal game.
Oct 4- Oil rig maker Lamprell said its chief executive Nigel McCue had stepped down along with two other senior managers, a day after its new chairman said he wanted to make changes at the top in the light of the company's fourth profit warning in a row.
DUBLIN, Oct 4- Ryanair on Thursday held out fresh concessions to win approval to take over Aer Lingus, offering to move some of its rival's planes to continental Europe to operate non-Irish routes and allay concerns about a near monopoly in the domestic market.
BERLIN-- Germany's BASF SE says it plans to cut about 400 jobs at its construction chemicals business as it adjusts to a slump in building in parts of Europe. BASF said Thursday that it aims to offer the affected employees jobs elsewhere in the company "wherever possible."
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- 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'.
Oct 4- Oil rig maker Lamprell Plc said Chief Executive Nigel McCue would step down and Peter Whitbread would be an interim replacement.
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.