Finland's navy dropped depth charges during a hunt for a suspected submarine in Finnish waters, reports the Financial Times.» Read More
**CERADYNE INC, $34.92, up 42.9 pct** 3 M, $94.10, up 1.8 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.
*Sells 20 stores to Sports Direct. Debt-laden JJB said on Monday administrators KPMG had sold 20 stores to British retailer Sports Direct, controlled by Newcastle United soccer club owner Mike Ashley, in a 23.77 million pound deal that would save 550 jobs.
Oct 1- Standard& Poor's Ratings Services will hold a telephone conference call on Thursday, Oct. 4, 2012 at 11:00 a.m. Eastern Daylight Time to discuss the outlook, key credit drivers and recent developments within the U.S. and European packaging sectors and what this could mean for specific packaging and packaging-focused forest products companies.
LONDON, Oct 1- Kazakh BTA bank's defaulted dollar bond rose more than four points on Monday to six-month highs on speculation that management and creditors are close to thrashing out a restructuring deal.
*FTSE up 1.4 percent on first day of Q4. *Xstrata rises after board back Glencore offer. LONDON, Oct 1- Britain's FTSE 100 share index rebounded from three-week lows on Monday, bolstered by strong U.S. manufacturing data and prospects of more takeover activity after Xstrata's.
AMSTERDAM, Oct 1- Dutch financial group ING Groep. will cut a further 30 jobs in its corporate finance unit, mostly in London, Dutch news agency ANP reported on Monday. They are in addition to 100 jobs cut on the equity markets desk covering Central and Eastern Europe and Russia announced earlier in the day.
LONDON, Oct 1- Anglo American PLC:. *Anglo American update re. platinum. *Anglo American platinum is aware of increased tensions in the rustenburg area.
Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.
*EU says Basel study lacks rigorous evidence. *Basel says Japan compliant overall with Basel III. *Basel says U.S. rules differ over securitisation.
LONDON, Oct 1- European shares rose on Monday, led by financials, buoyed by forecast-beating U.S. data and cautious market relief that Spain's recent bank stress test had met expectations. The FTSEurofirst 300 index provisionally closed up 1.5 percent at 1,104.97 points, while the euro zone Euro STOXX 50 index rose 1.9 percent to 2,501.00 points.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, will increase a 3.875% May 2022 issue by a further EUR750m, lead managers Barclays, Ceska, SG CIB and UniCredit said on Monday. The new total issue size will be EUR2.75bn.
LONDON-- A high-ranking British detective has been charged with offering to brief the News of the World about the progress of a police investigation into phone hacking at the now-defunct tabloid _ one of the most serious allegations so far uncovered in the wide-ranging scandal.
LONDON, Oct 1- Some of the world's biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique's huge gas fields, an executive from the country's national oil company said on Monday. "We are starting to see Shell in Mozambique, yes, not only Shell, all companies, even Exxon Mobil, Chevron.
*Sells 20 stores to Sports Direct. LONDON, Oct 1- Debt-laden British retailer JJB Sports Plc on Monday said it had agreed to sell 20 stores to rival Sports Direct for almost 24 million pounds, although 2,200 staff at its remaining shops would be made redundant.
LONDON, Oct 1- The downturn of the world's manufacturing sector eased slightly in Septmeber as output and new orders declined at a slower pace, a business survey showed on Monday.
*Platinum firm; unrest in South Africa continues By Amanda Cooper. Spot gold was up 0.9 percent on the day at $1,785.80 an ounce at 1445 GMT, having fallen earlier by as much as 0.4 percent to a low of $1,762.94, before a flurry of fund-related buying saw nearly 4.0 million ounces change hands on the futures market in a matter of moments, traders said.
The fund is managed by Jupiter Asset Management Ltd.. Jupiter India Select SICAV is a long-only Indian equities fund with USD140m of assets as of end-August 2012. The highly accountable lead portfolio manager, Avinash Vazirani, benefits from significant leeway in portfolio construction, in line with Jupiter's investment culture.
Sept 4- Following are details of the JPMorgan Global Purchasing Managers' Index for September. PMI Output Orders Jobs Deliv Stocks Inp New Prcs export Aug 48.1 47.4 46.7 49.5 50.6 48.9 49.5 46.5 Sept 48.9 48.1 48.1 50.7 50.0 48.3 52.7 47.1.
The ratings are based on Fitch's assessment of the underlying collateral, available credit enhancement, the origination and underwriting procedures used by Accord Mortgages Limited (a wholly owned subsidiary of Yorkshire Building Society), its servicing capabilities and the transaction's sound legal structure.
Oct 1- Fitch Ratings has affirmed Crown Mortgage Management Limited's UK servicer ratings as follows:.