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Europe News London

  • ISTANBUL, Oct 10- Turkish shares hit their highest level this year on Wednesday and the lira bounced off a one-month low after Fitch said Turkey was making good progress in dealing with the financial crisis.

  • LONDON, Oct 10- Russian Urals crude was stable on Wednesday with traders anticipating a further price spike in the next few days due to poor cargo availability and good demand from refiners. He predicted that activity would remain thin until Russia publishes early loading programmes for November within the next 5-10 days.

  • LONDON, Oct 10- Global household wealth will grow by nearly 50 percent in the next five years to $330 trillion, with the Chinese overtaking the Japanese as the world's second richest people, Credit Suisse said in a report on Wednesday.

  • LONDON, Oct 10- Amerisur Resources PLC:. *Placing to raise approximately US $40 million. *To use funds to accelerate growth profile& access new opportunities within.

  • London, Oct 10- Output at a fluid catalytic cracker at Royal Dutch Shell's Pernis refinery in the Netherlands has returned to normal after flaring forced it to reduce production, the DCMR said on Wednesday.

  • LONDON, Oct 10- European shares fell for a third straight session on Wednesday, dragged lower by expectations of weak corporate earnings in the region after a subdued start to the U.S. reporting season. It added to investor concerns after U.S. bellwether aluminium maker Alcoa. cut its demand forecasts and oil major Chevron Corp issued a profit warning.

  • *Sources said Germany opposed the $45 billion aerospace merger. *BAE shares down 1.14 per cent, EADS up 4.44 per cent By Sophie Sassard, Jason Neely and Kate Holton. LONDON, Oct 10- EADS and BAE Systems called off the world's largest defence and aviation merger on Wednesday, and pinned the blame on Germany for wrecking the $45 billion deal.

  • *FPC member Jenkins says banks may need more capital* Industry says mixed messages on capital add to uncertainty* Lloyds shares up 4.5 pct, UK bank shares rise.

  • *News comes a day ahead of Bumi Plc board meeting. LONDON/ SINGAPORE, Oct 10- Telephones and email accounts belonging to Indonesia's influential Bakrie clan have been hacked, a Bakrie official said, pointing to unspecified "suspicions" likely to further strain relations with fellow investors in UK miner Bumi Plc.

  • *BC Partners, EQT, Providence, Discovery showed interest* Price tag seen at up to 1.4 bln euros* Final bids due later this months By Sven Nordenstam and Arno Schuetze STOCKHOLM/ FRANKFURT, Oct 10- ProSiebenSat1.

  • LONDON-- This year's London Film Festival has Ben Affleck, Dustin Hoffman and the Rolling Stones _ and it's bookended by one of the city's premiere cinematic couples. Britain's biggest film showcase opens Wednesday with the European premiere of London- based American director Tim Burton's "Frankenweenie," the animated tale of a boy and his beloved _ but dead _ dog.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 bln euros- sources. is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro- plus business or sell it in one piece, people familiar with the situation said.

  • *Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.

  • By Claire Ruckin and Tessa Walsh. LONDON, Oct 10- State-backed Irish Bank Resolution Corporation, the former Anglo Irish Bank, is considering selling a loan portfolio of up to 2 billion euros as part of its push to wind up its operations by 2020, banking sources said on Tuesday.

  • *Group of 11 countries agree to impose transactions levy* Move to impose tax criticised by industry* Regulator warns of Europe's diverse regulation By John O'Donnell.

  • LONDON, Oct 10- Falling chocolate demand in Europe due to the economic crisis is expected to cut the continent's cocoa grinding in the third quarter. This would mark the second consecutive quarter of sharp falls, after Europe's second-quarter cocoa grind was down a record 17.8 percent, Brussels- based European Cocoa Association data showed in July.

  • *Sources said Germany opposed the $45 billion aerospace merger. LONDON, Oct 10- EADS and BAE Systems called off the world's largest defence and aviation merger on Wednesday, and pinned the blame on Germany for wrecking the $45 billion deal.

  • *Regulator warns of Europe's diverse regulation. BRUSSELS, Oct 10- A plan by a group of euro zone countries to introduce a tax on financial transactions threatens to drive more trading to London from centres such as Frankfurt, exacerbating divisions in Europe as it struggles to overcome an economic crisis.

  • LONDON, Oct 10- Britain's National Grid Plc. "This drilling operation is a major step forward in the development of a long-term, large-scale CCS cluster of transportation networks and storage facilities in the UK," Jim Ward, National Grid's head of CCS, said on Wednesday.