After nearly six months of arduous negotiations, Ukraine struck a deal with creditors to restructure $18B worth of debt. The country's finance minister speaks with CNBC's Michelle Caruso-Cabrera.» Read More
*Natixis, Banco Popular and Bankia highest exposure. By Carlos Ruano and Tracy Rucinski. MADRID, Oct 3- Two Spanish investment firms that own 31 percent of French property company Gecina have filed one of the biggest bankruptcy actions in Spanish history after a bank refused to refinance a 1.6 billion euro loan.
*Gecina falls as 2 owners file for bankruptcy. LONDON, Oct 3- European shares edged lower on Wednesday on concerns about Spain, the focal point of the regional debt crisis, and slowing global growth, with indexes keeping to recent tight trading ranges. As the market waits for Spain to request a bailout, investors have remained reluctant to commit further to equities.
LONDON, Oct 3- Polski Koncern Naftowy Orlen SA:. *Signed spot agreement with Glencore Energy UK ltd, London, UK. *Net value of the agreement amounts to approximately USD 80 million.
STOCKHOLM, Oct 3- The owners of Nordic optician chain Synsam are launching a sale of the company which could fetch around 500 million euros, sources familiar with the matter told Reuters. Another adviser said anti-trust issues meant that Britain's Specsavers and Synoptik, controlled by Dutch investment firm HAL Trust, were unlikely to be allowed to buy Synsam.
*FTSE 100 closes up 0.3 percent at 5,825.81 points. *Traders say technical levels favouring FTSE at present. *Intl Airlines Group and ARM top FTSE 100 leaderboard By Sudip Kar-Gupta.
NEW YORK-- Luxfer Holdings PLC's U.S. shares jumped in their first hours of trading Wednesday on the New York Stock Exchange. The initial public stock offering of the chemicals and metals maker, which is based in the U.K., priced 8 million shares at $10 each. The company had predicted that shares would price higher, from $12 to $14 each.
LONDON, Oct 3- The European Commission's ambition for a single energy market conflicts with aims in Britain and other countries to boost their own national energy security by paying investors to ensure gas-fired power capacity is available several years ahead.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
*Qua Iboe valued at dated plus $2.20- $2.60. LONDON, Oct 3- Nigerian crude oil differentials slipped a little on Wednesday as a small overhang of November-loading cargoes encouraged sellers to move lower. *Qua Iboe: 5- 10 cents per barrel lower, traders said.
*Germany's Cal 13 falls to three-month low on data. Germany's benchmark electricity contract for 2013 delivery hit a three-month low on the back of lower oil prices and gloomy macro-economic data. Germany's baseload contract for Thursday delivery rose 2.13 euros to 44.5 euros per megawatt hour.
A series of recent investor meetings with Fitch's EMEA Food Retail team in London, Frankfurt, and Paris underlined that investors are concerned to what extent ratings are at risk due to increased business and credit risks for European food retail companies.
The proceeds of the issuance of notes by Mornington will be used to acquire the rights and obligations of the senior loan lender A in the Paragon Fourth Funding Limited secured credit facility agreement from Macquarie Bank Limited.
*Italy's public debt is sustainable and the average yields paid on new government paper issued so far this year are lower than they were before the crisis, the head of Italy's Debt Management Office said in a newspaper interview published on Wednesday.
*London, Dubai, Singapore and Houston under consideration. Oct 2- Seadrill Ltd, the world's biggest driller by market capitalisation, said it plans to replace CEO Alf Thorkildsen with the head of its Archer Ltd affiliate, and is looking to relocate management outside Norway.
LONDON, Oct 3- Suggested structural reforms to banks should be a cause for concern for investors because they do not go far enough, a top Bank of England official said on Wednesday, following recommendations by an EU advisory group for banks' to separate retail from trading activities.
LONDON, Oct 3- Britain scrapped on Wednesday a $9 billion deal that had awarded the West Coast rail line to FirstGroup Plc, citing flaws in the government's figures, just a day after the company had said it was prepared to take over the key mainline train service this year.
More than 800 jobs were at risk last night as administrators from Deloitte raced to find a buyer for WaverleyTBS, one of Britain's biggest suppliers of drinks to pubs, clubs and hotels. Britain is part of a debtor nation "ring of fire" where bondholders are at risk of being "burned to a crisp", the head of the world's biggest bond house has warned.
By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.
Financial Times Headlines BLOW FOR BRITAIN'S NUCLEAR REVIVAL- MILIBAND INVOKES' ONE NATION BRITAIN'- US STEPS UP PROBES ON INSIDER TRADING- FSA TO TIGHTEN UP LISTING RULES- DEUTSCHE TELEKOM EYES DEAL FOR US UNIT- L&G INVESTMENT ARM TARGETS PAY MASTERS- PE GROUPS EYE BANK DEAL IN EUROPE- EU REVIEW WANTS BANKING TRADING RINGFENCED- EU DRAFT URGES CONTRACTS FOR EURO STATES- FRENCH REVOLT AGAINST NEW TAX GOES VIRAL- Overview BLOW FOR BRITAIN'S NUCLEAR REVIVAL.
LONDON, Oct 3- French nuclear group Areva and China's Guangdong Nuclear Power Corporation Holding have walked away from the UK's 6- gigawatt Horizon project, the Financial Times reported on Wednesday. People close to the talks, cited by the FT, said China may still invest in Horizon at a later date along with other nuclear projects in Britain.