European stocks continue to look relatively cheap, according to several analysts, who have highlighted some of the continent's "must have" holdings. » Read More
*U.S. stocks near break-even as Wall Street reopens after 2- day closure. *Oil settles below $109 a barrel in face of potential supply rupture.
LONDON, Oct 31- European stocks dipped on Wednesday, led by heavyweight British oil and gas firm BG Group after it warned it would show no production growth next year. BG Group sank 13.7 percent in hefty trading volume of near sixteen times its 90- day daily average, accounting for nearly a third of the total index points fall.
*BG blames Brazil tie-ins, Egypt, North Sea, U.S. for shortfall. *Agrees $1.93 deal with China's CNOOC. LONDON, Oct 31- British oil and gas firm BG Group told investors to expect no output growth in 2013 due to project delays and other factors, prompting a dive in its highly rated share price that wiped out as much as a fifth of its value.
*U.S. stocks higher as Wall Street reopens after 2- day closure. LONDON, Oct 31- World shares and the euro edged up on Wednesday as a storm-hit Wall Street began trading after its two-day closure and investors looked ahead to economic data later in the week.
LONDON, Oct 31- World shares and the euro edged up on Wednesday as investors braced for a storm-hit Wall Street to reopen after its two-day closure and looked ahead to economic data later in the week. Equity futures are higher, so people are expecting a positive opening,'' said Arne Lohmann Rasmussen, head of currency research at Danske Bank in Copenhagen.
LONDON, Oct 31- European shares and the euro rose on Wednesday as investors looked ahead to key economic data and waited for Wall Street to re-open after a two-day closure.
*BG, Barclays knocked by earnings. *Traders look to Wall Street reopening after storm closure. U.S. futures pointed to a higher open on Wall Street.
Shares in BG Group fell by a fifth after the FTSE 100 oil and gas group cut its production forecast for this year and next. The company attributed the slide in the production outlook to a series of deferrals or delays on projects in the North Sea, USA, Egypt and Brazil.
In pulling forward third-quarter results by a day, BG Group added to the panic inspired by the profit warning implicit in them. Projects from the North Sea to Brazil have been delayed.
*Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..
*Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *The UK blue chip index closed down 0.5 percent, or 29.28 points lower, at 5,841.74 points on Monday.
*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.
LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.
Sunday Times GERMAN THREAT TO BLOCK BAE DEAL Germany has threatened to scupper the 28 billion pound merger of BAE Systems and EADS unless the headquarters of the combined company is located in Munich.
*Rome store held up for 7 years so far by paperwork. MILAN, Oct 5- Ikea's plan to open a third store in Rome have been wrapped up in red tape for seven years with the Swedish furniture multinational joining a queue of willing investors beginning to lose patience with Italian bureaucracy.
*India'S Gujarat State Petroleum Corp'S Open Offer To Acquire 26. Percent more In Bg unit Gujarat Gas to be launched at 314.17 Rupees/ Share- Manager. *GSPC open offer to be worth up to 10.5 billion rupees if fully accepted-.
*BG's open offer to acquire 26 percent more in GSPC to be. launched at 314.17 rupees per share- Manager. *GSPC open offer to be worth up to 10.5 billion rupees if fully accepted-.
*India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister said on Wednesday. *India's central bank governor Duvvuri Subbarao and other officials part of the board meeting in the Union Territory of Puducherry at 0730 GMT.
LONDON/ MUMBAI Oct 3- BG Group said it agreed to sell its majority stake in western India- based Gujarat Gas for $470 million to a unit owned by India's state-run Gujarat State Petroleum Corp, as part of the British oil firm's disposal programme.
LONDON, Oct 3- BG Group:. *Agreement reached for $470 M sale of ggcl stake. *Agreement reached for $470 M sale of ggcl stake.