Finland's navy dropped depth charges during a hunt for a suspected submarine in Finnish waters, reports the Financial Times.» Read More
LONDON, Oct 9- British Prime Minister David Cameron said on Tuesday he would not soften his austerity programme with a "Plan B" after the International Monetary Fund downgraded its growth forecasts for Britain. We know that, "Cameron told BBC. The IMF said Britain might have to defer some of its spending cuts if growth turns out much worse than expected.
MOSCOW, Oct 9- Russia's second-largest mobile phone operator MegaFon, in which Russia's richest man Alisher Usmanov took control in April, said on Tuesday it plans to launch an initial public offering on the London Stock Exchange. Shares will be sold by Nordic co-owner TeliaSonera and MegaFon itself.
LONDON, Oct 9- Rio Tinto said on Tuesday it saw production growth ahead for its copper arm and remained "optimistic" on the outcome of talks with China on a power deal for its key Oyu Tolgoi copper-gold project, but the miner warned it was cautious on the broader economic outlook.
LONDON, Oct 9- Barclays PLC will buy the deposits, mortgages and business assets of ING Direct UK valued at more than 11 billion pounds, the British bank said in a statement on Tuesday.
AMSTERDAM, Oct 9- Dutch bank and insurance group ING said on Tuesday it had agreed to sell ING Direct UK to British bank Barclays, taking a 320 million euro loss on the transaction after tax.
LONDON, Oct 9- Pennon Group PLC:. *Expands its waste management business. *Has acquired Pulp Friction Limited, a paper collection and processing.
LONDON, Oct 9- Informa PLC:. *Acquisition of zephyr associates from kemmons wilson companies for $62 M in. *Expects the acquisition to generate an attractive return on invested capital.
*Pointpark Properties- intention to float on London Stock Exchange. *Pointpark Properties- intends to raise gross proceeds of circa 250 million. STG via an initial public offering.
LONDON, Oct 9- MITIE Group PLC:.
LONDON, Oct 9- May Gurney Integrated Services PLC:. *May gurney integrated services plc- trading in the first half has. September 6 have been ring-fenced and being addressed.
STOCKHOLM, Oct 9- EQT Corp:. *Tampnet has a leading position in the North Sea and operates the largest offshore high capacity communication network in the world. *Tampnet serves both the Norwegian and UK parts of the North Sea ().
Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.
*Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.
The state Statistics Institute releases data on August's industrial output at 0700 GMT. Turkey's biggest listed won approval for a 10- year debt issue for foreign investors, according to a filing late on Monday to the stock exchange. Barclay's starts Isbank, Akbank and Garanti, Turkey's three biggest lenders, with an "overweight" rating, according to a report.
PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.
ZURICH, Oct 9- Swiss private bank Julius Baer. Baer, which is presenting to analysts and investors details of the acquisition later in London later on Tuesday, also reported that its assets under management had risen to 184 billion Swiss francs at the end of August.
MOSCOW, Oct 9- Russia's second-largest mobile phone operator MegaFon may reduce the size of its planned initial public offering to around 15 percent of its shares from 20 percent expected earlier, Russian business daily Kommersant reported on Tuesday.
ZURICH, Oct 8- Swiss private bank Julius Baer. Baer, which is presenting to analysts and investors details of the acquisition later in London later on Tuesday, also reported that its assets under management had risen to 184 billion Swiss francs at the end of August.
FRANKFURT, Oct 9- The DAX top-30 index looked set to open 0.3 percent higher on Tuesday, according to premarket data from brokerage Lang& Schwarz at 0619 GMT. Related news DEUTSCHE BANK, COMMERZBANK Deutsche Bank indicated 0.3 percent higher Commerzbank indicated unchanged.
LONDON, Oct 9- Bank of America Merrill Lynch. named a long-standing capital markets specialist, Rupert Hume-Kendall, as chairman of its corporate and investment banking business in Europe, after a revamp of the division's management.