Europe Top News and Analysis United Kingdom

  • *Oil up on U.S. inventories data, eyes on Algiers talks. LONDON, Sept 28- A recovery in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Federal Reserve Chair Janet Yellen and European Central...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has previously said it would reduce output only if every other...

  • He also expressed skepticism over the significance of a potential OPEC deal on freezing production. Ian Taylor asked a Bloomberg conference in London. Investors were closely watching an OPEC meeting in Algiers this week anticipating that the cartel would finally agree a plan to tackle a global crude surplus that sent oil prices tumbling in 2014.

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has previously said it would reduce output only if every other...

  • *Bank sells UK insurance business in $1.2 billion deal. FRANKFURT, Sept 28- The German government denied it was working on a rescue of Deutsche Bank as Germany's biggest lender boosted its balance sheet by selling its British insurance business on Wednesday. Deutsche is facing a $14 billion fine from the U.S. Department of Justice and concerns over its funding...

  • LONDON, Sept 28- The chief executive of the world's largest oil trader Vitol said on Wednesday he did not see the global oil market tightening before 2018.. He also expressed skepticism over the significance of a potential OPEC deal on freezing production. Taylor asked a Bloomberg conference in London.

  • SINGAPORE, Sept 28- Singapore Exchange Ltd sees the potential to develop new freight derivatives centered on active Asian shipping routes and expand the use of freight derivatives with its acquisition of London's Baltic Exchange, a senior SGX official told Reuters. "We believe there are a number of opportunities that the Baltic Exchange and SGX can realize...

  • *Poses big threat to rivals in Europe and elsewhere. *UberEats opens in Amsterdam, Tokyo, four other cities this week. In addition to Amsterdam UberEats says it is also due to launch services in Dubai, Johannesburg and selected areas of Tokyo on Thursday and plans to be in Brussels, Stockholm, Hong Kong, Taipei, Jakarta, and Bangkok in the coming months.

  • BRATISLAVA, Sept 28- A modest proposed investment of 90 million euros in EU defence research could mark a turning point after years of cuts that have put the continent's future military capabilities at risk, the head of the European Defence Agency said. The plan put forward by the European Commission has taken on added significance since Britain voted to quit...

  • BRATISLAVA, Sept 28- A modest proposed investment of 90 million euros in EU defense research could mark a turning point after years of cuts that have put the continent's future military capabilities at risk, the head of the European Defence Agency said. The plan put forward by the European Commission has taken on added significance since Britain voted to quit...

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies raided comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered...

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies raided comprise local subsidiaries of Denmark's Maersk, Portugal's Mediterranean...

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON, Sept 28- SABMiller shareholders backed the brewer's $100- billion- plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. Criticism of the takeover offer grew over the summer, after a steep fall in sterling...

  • NEW YORK, Sept 28- Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration said. The settlement on Tuesday resolves lawsuits filed in federal courts in California and Kansas in the NCUA's role as the liquidating agent...

  • LONDON— A deal worth over $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch InBev. SABMiller shareholders approved the 79 billion pound deal— dubbed Megabrew— despite opposition from some investors who saw their...

  • LONDON, Sept 28- Sterling dipped back below $1.30 on Wednesday after a Bank of England policymaker said she expected the central bank would "at some point" need to add more monetary stimulus to Britain's economy to cushion the blow dealt by Brexit. And they also struck a less upbeat tone than Governor Mark Carney, who said in a newspaper interview on Wednesday that...

  • LONDON, Sept 28- Novozymes, already grappling with the consequences of low oil and crop prices, is watching anxiously to see what Bayer's purchase of Monsanto will mean for the Danish group's ties with its key agricultural partner. "Of course, in the short-term we can all worry about the distraction that a $66 billion acquisition can bring and it is one of the things...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...