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  • *Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.

  • UK shares stall as ECB offers no fresh remedies Thursday, 4 Oct 2012 | 11:53 AM ET

    LONDON, Oct 4- Britain's FTSE 100 share index stalled near the top of its recent range on Thursday, supported by prospects of global central bank stimulus but struggling to break fresh ground ahead of a potentially gloomy earnings season.

  • BASF hit as growth concerns cap European shares Thursday, 4 Oct 2012 | 11:42 AM ET

    LONDON, Oct 4- European shares closed fractionally lower on Thursday as a gloomy economic outlook dented sentiment, outweighing a boost to risk appetite from global monetary stimulus. became the latest victim of the European downturn on announcing it would have to cut costs and sell a business due to a decline in demand from southern Europe and Britain.

  • *Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices rose on Thursday as Turkey's retaliatory strikes on a Syria sparked additional concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.

  • RLPC-Santander sells 2.5 bln euro loan portfolio Thursday, 4 Oct 2012 | 11:25 AM ET

    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.

  • Oil gains as Syria-Turkey tensions rise Thursday, 4 Oct 2012 | 11:13 AM ET

    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.

  • Unilever may sell Skippy business in US, Canada Thursday, 4 Oct 2012 | 11:12 AM ET

    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.

  • NBA regular season returns to London in January Thursday, 4 Oct 2012 | 10:58 AM ET

    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.

  • UPDATE 1-Lamprell bosses go after latest profit warning Thursday, 4 Oct 2012 | 10:31 AM ET

    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.

  • Ryanair offers fresh concessions to snare Aer Lingus Thursday, 4 Oct 2012 | 10:31 AM ET

    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.

  • BASF cuts 400 jobs at building chemicals unit Thursday, 4 Oct 2012 | 10:26 AM ET

    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.

  • Iomart stock falls as key shareholder cuts stake Thursday, 4 Oct 2012 | 10:25 AM ET

    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.

  • Europe Power-Curve price recover from lows on oil gains Thursday, 4 Oct 2012 | 10:17 AM ET

    *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.

  • Iron ore price fall speeds up Rio Tinto cost cuts Thursday, 4 Oct 2012 | 10:15 AM ET

    *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.

  • Markets subdued as US payrolls loom Thursday, 4 Oct 2012 | 10:14 AM ET

    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.

  • UPDATE 5-Oil rises near $110 on Mideast concerns Thursday, 4 Oct 2012 | 9:57 AM ET

    *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.

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