• TEXT-S&P ratings - West of England Tuesday, 2 Oct 2012 | 6:49 AM ET

    Oct 02-=============================================================================== Ratings-- West of England---------------------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: Country: Luxembourg Local currency BBB-/Stable/-- Primary SIC: Fire, marine, and casualty insurance=============================================================================== Credit Rating History: Local currency Foreign currency 02- Oct-2012 BBB-/----/-- 01- Oct-2012 NR/----/-- 23- Jan-2012 BBpi/----/--=============================================================================== Issues: Rating Rating Date Finl Strength Rtg BBB-/Stable 02- Oct-2012 ().

  • US hopes buoy markets despite Spain uncertainties Tuesday, 2 Oct 2012 | 6:41 AM ET

    LONDON-- Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain. "The ISM rose above the critical 50 mark in a surprise move yesterday thus creating a jamboree of good sentiment," said Carolin Hecht, an analyst at Commerzbank.

  • Vestas clinches 68 MW turbine order in the UK Tuesday, 2 Oct 2012 | 6:39 AM ET

    COPENHAGEN, Oct 2- Danish wind turbine manufacturer Vestas said on Tuesday it had received a 68 megawatt turbine order for a wind project in Britain. The order was for 34 units of the V90-2.0 MW turbine for the Keadby Wind Farm project in Lincolnshire, Vestas said in a statement.

  • TEXT-S&P summary: Ship Luxco 3 S.a.r.l. (Worldpay) Tuesday, 2 Oct 2012 | 6:28 AM ET

    Oct 02-=============================================================================== Summary analysis-- Ship Luxco 3 S.a.r.l.------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: B+/ Stable/B Country: United Kingdom Primary SIC: Computer related services, nec=============================================================================== Credit Rating History: Local currency Foreign currency 15- Aug-2011 B+/ B B+/ B 08- Sep-2010--/----/--=============================================================================== Rationale.

  • PRECIOUS-Gold adds to gains as euro edges higher Tuesday, 2 Oct 2012 | 6:26 AM ET

    Spot gold was up 0.3 percent on the day at $1,778.89 an ounce by 0945 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.

  • LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.

  • UPDATE 1-Volcker to appear before UK bank commission Tuesday, 2 Oct 2012 | 6:18 AM ET

    *Volcker will compare and contrast U.S., UK regulation. LONDON, Oct 2- Paul Volcker, the former U.S. Volcker, who led the Fed under presidents Jimmy Carter and Ronald Reagan, has been at the forefront of recent regulatory attempts to reform the U.S. banking system and will compare and contrast banking practices in Britain and the United States.

  • New Barclays CEO rejigs retail banking structure Tuesday, 2 Oct 2012 | 6:17 AM ET

    LONDON, Oct 2- Barclays is changing its retail and business banking structure under new Chief Executive Antony Jenkins and has appointed the separate heads of retail banking and credit cards to its executive committee.

  • BRUSSELS, Oct 2- Banks should separate their deposit-taking arms from proprietary trading and other risky investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday.

  • LONDON, Oct 2- Britain's financial regulator, the Financial Services Authority, has proposed reforms of its listing rules to tighten up the requirements on reverse takeovers in a bid to better protect investors.

  • Credit Suisse strategists maintain a "small underweight" position on European banking shares while cutting their stance on European insurers to "benchmark" from "overweight", citing risks to the sectors from the euro zone debt crisis, amid other factors.

  • LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.

  • NORWAY GAS-Exports rise on higher flows to France Tuesday, 2 Oct 2012 | 5:52 AM ET

    OSLO, Oct 2- Norwegian gas exports to Europe rose early on Tuesday because of higher flows to France, but that was partly offset by a fall in deliveries to Britain. Exports to Europe including Britain were up by 14.7 million cubic metres to 274.1 mcm per day at 0800 GMT, compared with the day before, data from Norway's gas system operator Gassco showed.

  • LONDON, Oct 2- Victrex PLC:. *Mirabaud puts Victrex onto its "best ideas" list. * "If we are right, then Victrex is a business that already has close to a global monopoly in the supply of a high value product, the end markets for which have strong growth potential," Mirabaud writes in a note.

  • Interest in Poland 12-yr euro bond over EUR2.5bn Tuesday, 2 Oct 2012 | 5:44 AM ET

    LONDON, Oct 2- The Republic of Poland has opened books on its new 12- year Eurobond with official guidance set at mid-swaps plus 145 bp area, said an official managing the deal. Commerzbank, HSBC, ING and SG CIB received indications of interest totalling EUR2.5bn when sounding out investors earlier on Tuesday morning at swaps plus 150 bp area.

  • LONDON, Oct 2- Cosalt PLC:. *Court granted further extension for legal documentation to be finalised for. co, calum melville, stuart Melville settlement.

  • Stocks muted as US manufacturing, Spain weighed Tuesday, 2 Oct 2012 | 5:29 AM ET

    BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.

  • Ex-divs to take 0.3 points off FTSE 100 on Oct 3 Tuesday, 2 Oct 2012 | 5:22 AM ET

    companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.3 points off the index. Keywords: MARKETS BRITAIN STOCKS EXDIV.

  • UK gas prices rise on undersupplied system Tuesday, 2 Oct 2012 | 5:20 AM ET

    *UK gas system opens 30 mcm/d short. Britain's gas market opened over 30 million cubic metres undersupplied on Tuesday morning, according to data from National Grid. As a result of the undersupplied system and rising demand, gas prices for delivery the next day rose from 58.50 pence per therm on Monday morning to around 61 pence at 0830 GMT on Tuesday.

  • The health of the euro zone economy, as signalled by Purchasing Managers' Index data, is consistent with a steep slump in equity markets before the year end, Deutsche Bank analysts write in a note. If the index remains around that level for the rest of the year, euro zone equity markets should fall by 22 percent, Deutsche's model shows.