LONDON, Oct 2- A consortium led by the founder and executive chairman of Redrow is in talks to raise its offer to buy out minority investors in the British housebuilder, as haggling continues ahead of a Thursday deadline.
LONDON, Oct 2- The Republic of Poland priced its 3.375% EUR1.75bn 12- year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB on Tuesday. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bond has a spread of 143 bp over mid-swaps and a reoffer price of 99.195, confirmed lead banks.
--EADS has shown a sustained strong financial performance, including solid free cash flow and very moderate dividends. --At this stage, we consider it too early to make rating decisions on the proposed merger of EADS with BAE Systems.
October 2- Following are terms and conditions. of an FRN priced on Tuesday.
*Qua Iboe valued at dated plus $2.30- $2.60. LONDON, Oct 2- Nigerian crude differentials held steady on Tuesday, below peaks reached last week during a buying spree led by Indian refiners, while remaining Angolan cargoes were expected to weaken. *Qua Iboe: Offered at dated plus $2.70 to $2.75 and considered more likely to trade between plus $2.30 and plus $2.60.
*Austria, Britain deals can come into force in January. ZURICH, Oct 2- Switzerland will not hold a November referendum on deals with Germany, Britain and Austria to tax secret bank accounts after opponents of the agreements failed to gather enough signatures to force a vote, the government said.
LONDON, Oct 2- European shares turned briefly negative and Bunds rose on Tuesday, tracking early U.S. moves in low volumes, traders said. At 1422 GMT, the FTSEurofirst 300 index of leading European shares was flat at 1,104.50 points, while German Bund futures rose 5 ticks to 141.45.
LONDON-- Hopes that the U.S. economy is past its recent soft patch combined with optimism over a Spanish bailout request to shore up financial markets Tuesday. The monthly manufacturing survey from the Institute for Supply Management on Monday pointed to an improvement.
NEW YORK, Oct 2- Bill Gross, founder and co-chief investment officer of bond giant PIMCO, said he sees the U.S. going the way of Greece if it does not get its fiscal house in order.
*Max Property Group Plc: Max Property Group Plc announces 45 mln stg London.
BERLIN/ LONDON, Oct 2- France and Germany have collided over the location of the headquarters for a new aerospace giant to be formed from a planned merger of Europe's EADS and Britain's BAE Systems, sources familiar with the matter said on Tuesday.
MOSCOW, Oct 2- Igor Sechin, chief executive of Rosneft, a contender to buy BP's stake in a Russian rival TNK-BP, will meet with minority shareholders in London on Friday, a Rosneft spokesman said. The CEO has said BP could use some proceeds from a planned sale of its stake in TNK-BP, its Russian joint venture, to buy a direct equity stake in Rosneft.
JOHANNESBURG, Oct 2- South African paper firm Mondi Group has sold its 50 percent stake in its money-losing UK newsprint business to private equity firm Martland Holdings, and would likely see a loss of 71 million euros on the deal.
Shares in aerospace and defence company EADS, in merger talks with UK peer BAE Systems, rise 3 percent, gaining technical momentum after moving back above a key resistance level and with charts showing the stock's recovery rally gaining traction.
LONDON, Oct 2- Magnolia Petroleum PLC:.
LONDON, Oct 2- The Republic of Poland has set final terms on its EUR1.75bn 12 year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bonds will have a spread of 143 bp over mid-swaps once priced, which will occur shortly, a manager said.
LONDON, Oct 2- Barclays has promoted two of its top consumer banking bosses to its executive committee as the British bank's new boss puts more focus on traditional banking after criticism of its rapid growth in higher risk investment banking.
JAKARTA/ SINGAPORE, Oct 2- Indonesia's biggest coal firm Bumi Resources, facing a probe into its finances by London- listed Bumi Plc, a major shareholder, is considering selling mines and carrying out a rights issue to raise cash, officials said on Tuesday.
By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil consolidated 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.
NEW YORK-- Stocks climbed Tuesday on Wall Street after a measure of American home prices posted the largest gain in more than six years, the latest data to indicate an improving housing market.