Europe Top News and Analysis United Kingdom

More

  • LONDON, Oct 10- Skywest Airlines Ltd:. *Skywest rpt traffic, measured by revenue passenger kilometres,. *Skywest charter traffic, which is measured by charter available seat.

  • LONDON, Oct 10- European shares fell for the third day running on Wednesday, pegged back by expectations of weak corporate results that may weigh on equity markets into next month.

  • Alcoa kicked off the latest round with a warning that demand for aluminum was lower than anticipated largely because of a slowdown in China. Alcoa's warning about global demand came as the International Monetary Fund lowered its global growth forecast for this year to 3.3 percent from the previous estimate of 3.5 percent.

  • LONDON/ MOSCOW, Oct 10- Russian president Vladimir Putin backs BP's plan to sell its 50 percent stake in TNK-BP to state oil group Rosneft, the Financial Times reported on Wednesday, citing an interview with Rosneft Chief Executive Igor Sechin.

  • LONDON, Oct 10- The UK's National Grid expects peak gas demand at 516 million cubic meters/day in the coming winter, 9 mcm/day above its preliminary forecast, it said in its outlook report on Wednesday.

  • LONDON, Oct 10- British insurers on Wednesday welcomed a court decision on the timing of a planned increase in personal injury awards, saying it would save them 300 million pounds.

  • *Doubts over German backing for $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 1.6 pct By Sophie Sassard and Jason Neely LONDON, Oct 10- EADS and BAE Systems.

  • LONDON, Oct 10- European shares extended earlier losses on Wednesday, after a rise in the one-year bond yields of Italy highlighted persistent worries over the euro zone's sovereign debt crisis.

  • LONDON, Oct 10- British prompt gas prices rose on Wednesday as higher demand and shortages caused by lower Norwegian exports left the market short by 23.6 million cubic metres, National Grid data showed. Flows through the Langeled pipeline that connects Norway with Britain dropped to around 13 mcm this morning, National Grid data showed.

  • *Appointment ends year-long pursuit by ASOS* Product director Robert Bready resigns from firm. LONDON, Oct 10- A year-long courting by British online fashion retailer ASOS of Kate Bostock, a former top executive at Marks& Spencer, has paid off after she agreed to join the company to help steer its rapid growth.

  • MOSCOW/ LONDON, Oct 10- Order books are covered on the $300 million London listing of Russia's MD Medical Group, according to three sources close to the deal.

  • Britain's FTSE 100 fell 0.3 percent to 5,792.95. Stock markets in Asia also posted losses, with the exception of mainland China, where shares rose a day after posting big gains on hopes that Chinese authorities were preparing sizeable steps to help reverse the decline in growth in the world's second-largest economy.

  • DUBAI, Oct 10- Qatar International Islamic Bank. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow a sukuk issue from Qatar Islamic Bank last week, which raised $750 million at a profit rate of 2.5 percent.

  • LONDON, Oct 10- Britain's financial regulator has relaxed capital and liquidity rules on banks in an effort to stimulate lending and boost the economy, lifting bank shares. The Financial Services Authority said on Wednesday the shift in policy was set out in the Bank of England's Financial Policy Committee in September, and banks were aware of the changes.

  • *NATO says plans in place to defend Turkey from Syria. LONDON, Oct 10- Brent crude oil rose above $114 a barrel on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • LONDON, Oct 10- Concerns over weak corporate earnings and the euro zone debt crisis weighed on European stock markets on Wednesday, with traders saying key markets were set to fall further from highs reached last month.

  • *FTSE 100 down 0.2 percent, yo-yoing around 5,800. LONDON, Oct 10- Britain's top shares edged lower on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, although gains in heavyweight miners and banks provided a floor under the FTSE 100 index around the 5,800 level. At 0805 GMT, the FTSE 100.

  • OSLO, Oct 10- Norwegian gas exports to Europe fell on Wednesday morning as output from the Nyhamna gas plant has been reduced due to technical problems, resulting in a sharp drop in supplies to Britain, data from gas system operator Gassco showed.

  • LONDON-- Defense and aerospace companies BAE Systems PLC and EADS have hours to agree on whether to go ahead with a proposed merger that has prompted a wide range of concerns in Britain, France and Germany.

  • *Euro STOXX 50 down 0.5 pct, FTSE, DAX, CAC down. *U.S. stocks fell 1 pct, Intel off 2.7 pct after downgrades. LONDON, Oct 10- European shares fell for the third day running on Wednesday and the euro came under fresh pressure along with Spanish and Italian bonds as economic anxiety was compounded by stuttering progress in the euro zone's battle against its debt crisis.