"Capitalistic Russia is only 20 years old," says the manager of Russia's newest sovereign wealth fund. "So it is building institutions."» Read More
BRUSSELS-- A 24- hour strike by Belgian rail workers on Wednesday paralyzed train traffic throughout Belgium and the international high-speed service to London and Paris.
LONDON, Oct 3- Brokerage Marex Spectron has appointed former UBS investment banker John Wall as its new chief executive, the company said on Wednesday.
LONDON-- Tesco PLC, Britain's largest supermarket operator, has reported a 12 percent fall in half yearly pre-tax profit to 1.7 billion pounds, as a downturn in Asia and Europe offset stronger sales in Britain. Group sales were up 1.4 percent to 36 billion pounds in the half-year period, while sales in Britain rose 2.2 percent to 23.9 billion pounds.
*Brent crude slips under $111 a barrel* Euro trades under $1.29, little changed from U.S. levels. LONDON, Oct 3- European shares and oil fell on Wednesday after weak data from China and Australia deepened concerns about the global economy, while the euro held steady as traders waited for Spain's next move in solving its debt problems.
Oct 3- British soft drinks group Britvic and Irn-Bru maker AG Barr have been given more time to decide on the 1.3 billion pound merger. Britvic, which makes and sells PepsiCo brands in Britain and Ireland, could not immediately be reached for comment.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, set an indicative price range on Wednesday for its initial public offering of stock at $10- $12 per Global Depository Receipt.
DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, is set to issue a $750 million five-year Islamic bond on Wednesday, a document from the lead arrangers said. Final price guidance for the sukuk tightened to 175-180 basis points over midswaps after substantial demand for the deal, with order books over $6 billion.
The government announced in August that it was awarding a 13- year franchise to run the west coast London- to- Scotland service to Virgin's rival, FirstGroup. Branson, who had at the time questioned whether FirstGroup could meet its financial commitments, on Wednesday praised transport authorities for reconsidering their decision.
LONDON, Oct 3- Stagecoach Group PLC:. *Notes the announcement by DfT that current competition for Intercity West. *Will be in discussions with the DfT regarding these developments.
OSLO, Oct 3- Norwegian gas exports rose to Germany and France on Wednesday morning, data from Norway's gas system operator Gassco showed. Total exports to Europe including Britain were up by 19.8 million cubic metres to 291.8 mcm per day at 0600 GMT, compared with an average a day before.
OSLO, Oct 3- Full restart of Norway's Kollsnes gas processing plant was delayed again for one day until Thursday, gas system operator Gassco said in a market message on Wednesday. Kollsnes, which processes Norwegian gas for export to Britain and continental Europe, will see its output reduced by 30 million cubic metres per day until 0400 GMT on Thursday.
LONDON, Oct 3- Brent crude oil futures fell $1 a barrel on Wednesday, dented by concerns about global growth and the outlook for oil demand.
LONDON, Oct 3- Britain's top share index fell on Wednesday, dragged down my mining stocks after poor Chinese data raised fresh concerns about raw material demand in the world's biggest metals consuming country.
LONDON, Oct 3- Firstgroup PLC:.
LONDON, Oct 3- Pearson PLC:. *Incoming CEO says ft group is a part of the business I value. *CEO says parts of US education are turning around.
*Legal& General Investment Management, one of the UK's biggest shareholders, has stepped up efforts to crack down on excessive pay by voting against 18 remuneration committee chairmen on company boards so far this year.
LONDON, Oct 3- Pearson Chief Executive Marjorie Scardino is to step down after 16 years in the job in which she transformed the group from a diverse set of assets into an educational and media powerhouse.
*Britain's FTSE 100 index is seen opening 9 to 14 points lower, or as much as 0.2 percent, on Wednesday, according to financial bookmakers.
LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.
PRAGUE, Oct 3- Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday. PRAGUE- The Czech cabinet to hold a session. PRAGUE- First round of VAR/23.