Business News


  • *Seoul shares decline for fourth straight session Thursday, 11 Oct 2012 | 2:15 AM ET
  • Direct Line IPO price set at 175 pence/share Thursday, 11 Oct 2012 | 2:13 AM ET

    LONDON, Oct 11- Royal Bank of Scotland set a price of 175 pence per share for the stock market listing of insurer Direct Line, close to the middle of the range originally set and valuing the business at 2.6 billion pounds. Trading in the shares on the London Stock Exchange will begin at 0700 GMT on Thursday.

  • RESEARCH ALERT-HSBC raises Sonova target price Thursday, 11 Oct 2012 | 2:11 AM ET

    Oct 11- Sonova Holding AG:. *HSBC raises Sonova target price to Sfr 115 from Sfr 105; rating overweight For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • BRIEF-Direct Line directors take 0.3 pct stake Thursday, 11 Oct 2012 | 2:11 AM ET

    LONDON, Oct 11- Direct Line Insurance Group PLC:. *-directors, senior managers and persons connected will own approx. place at 8.00 am on 16 October.

  • LONDON, Oct 11- DS Smith PLC:. *Cost synergies from sca packaging acquisition are now expected to reach 100. *Cash synergies from the deal are now expected to be 130 million euros.

  • BRIEF-Sound Oil appoints James Parsons as new CEO Thursday, 11 Oct 2012 | 2:10 AM ET

    LONDON, Oct 11- Sound Oil PLC:.

  • BRIEF-Balfour Beatty wins U.S water contracts Thursday, 11 Oct 2012 | 2:09 AM ET

    LONDON, Oct 11- Balfour Beatty PLC:. *Balfour Beatty water and wastewater strategy delivers contracts over  £185. * £45 million, three year contract at the Galveston main water and wastewater.

  • RESEARCH ALERT-HSBC cuts Korian target price Thursday, 11 Oct 2012 | 2:09 AM ET

    *HSBC cuts Korian target price to 13.3 euros from 15.50 euros;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • Lundin makes small oil find in the North Sea Thursday, 11 Oct 2012 | 2:08 AM ET

    OSLO, Oct 11- Lundin has made a small oil discovery north-west of the Snorre field in the North Sea, the Norwegian Petroleum Directorate said on Thursday. "Due to thin oil zones and uncertain extent of the reservoirs, there is no basis for providing a resource estimate," the NPD said.

  • LONDON, Oct 11- Burberry Group PLC:. *Fragrance and beauty to be directly operated. *Fragrance and beauty will be run as Burberry's fifth product division.

  • MUMBAI, Oct 11- India's biggest property developer DLF Ltd was likely to suffer no material impact from accusations by anti-corruption activists of improper dealings, and the issue had been largely priced in to the stock, UBS said.

  • RESEARCH ALERT-HSBC cuts Stratec Biomedical to neutral Thursday, 11 Oct 2012 | 2:07 AM ET

    *HSBC cuts Stratec Biomedical to neutral from overweight. *HSBC cuts Carl Zeiss Meditec to underweight from neutral. *HSBC cuts Qiagen to underweight from neutral.

  • STOCKHOLM, Oct 11- Lundin Petroleum:. *Completes exploration well on the albert prospect in northern North Sea. *The well encountered oil in thin Cretaceous reservoir sequence at the predicted level for the primary target.

  • TOKYO, Oct 11- Japan's Nikkei share average fell to its lowest close in more than two months on Thursday on mounting concerns that upcoming quarterly corporate earnings will be weak after the U.S. results season got off to a slow start. The Nikkei dropped 0.6 percent to 8,546.78, losing ground for a third straight session, while the broader Topix.

  • RESEARCH ALERT-RBC raises EADS target price Thursday, 11 Oct 2012 | 2:04 AM ET

    Oct 11- European Aeronautic Defence and Space Company EADS NV:. *RBC raises EADS target price to 31 euros from 29 euros; rating. Reuters Station users, click. 1580.

  • Poland - Factors to Watch on Oct 11 Thursday, 11 Oct 2012 | 2:03 AM ET

    Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Thursday. Prime Minister Donald Tusk might surprise the public opinion in his Friday policy speech by announcing measures aimed at propping up investment, the PM's aide Jan Krzysztof Bielecki told broadcaster Polskie Radio.

  • TABLE-German Sept CPI confirmed at +2.0 pct y/y Thursday, 11 Oct 2012 | 2:02 AM ET

    BERLIN, Oct 11- Germany's consumer price inflation for September was confirmed to be unchanged month-on-month and at a rate of 2.0 percent year-on-year, the Federal Statistics Office said on Thursday. It also said that the harmonised consumer price index was confirmed as unchanged month-on-month and up 2.1 percent year-on-year.

  • By Tony Munroe and Sumeet Chatterjee MUMBAI, Oct 11- India's Suzlon Energy Ltd. A total of $1.3 billion of convertible bonds are expected to come up for redemption in the October-December quarter, local brokerage Kotak Securities said in a report last month.

  • Japan end-Sep aluminium stocks up 4.9 pct m/m -Marubeni Thursday, 11 Oct 2012 | 2:01 AM ET

    TOKYO, Oct 11- Aluminium stocks held at three major Japanese ports stood at 273,900 tonnes at the end of September, up 4.9 percent from 261,000 tonnes a month earlier, trading house Marubeni Corp said on Thursday.

  • BRIEF-Ashmore says assets rise to $68 bln Thursday, 11 Oct 2012 | 2:01 AM ET

    LONDON, Oct 11- Ashmore Group PLC:. *The quarter saw assets under management increase 6.8% to US $68.0 billion. billion and net inflows of US $0.6 billion.