Enter multiple symbols separated by commas

Europe Top News and Analysis United Kingdom


  • UK gas rises as low imports, LNG flow tighten supply Wednesday, 3 Oct 2012 | 6:47 AM ET

    LONDON, Oct 3- British prompt gas prices rose to a one-week high on Wednesday as a drop in flows from liquefied natural gas terminals and low imports from the Netherlands and Norway left the market undersupplied. Gas for within-day delivery rose 1.20 pence to 61.70 pence per therm at 1014 GMT, the highest since Sept. 26, while day-ahead gas.

  • UPDATE 1-Direct Line's IPO order book full - sources Wednesday, 3 Oct 2012 | 6:42 AM ET

    *Spread betters offering 179- 189 pence range. LONDON, Oct 3- Order books for the London stock market listing of Royal Bank of Scotland's insurance business, Direct Line Group, have been covered three days into a nine day investor roadshow, sources close to the transaction said on Wednesday.

  • Former LSE executive to lead Libor rival Wednesday, 3 Oct 2012 | 6:36 AM ET

    LONDON, Oct 3- The London Stock Exchange's. Kevin Milne, who headed post-trade services at the LSE until June, has become chief executive of Rate Validation Services, a Singapore- based firm that provides benchmark rates to investment banks, the company said in a statement.

  • *Retail trade rises 0.1 pct in August from July. BRUSSELS, Oct 3- Retail sales in the euro zone barely rose in August as motorists cut back spending on fuel during the normally busy driving months of the European summer, worried about the economy's slide towards recession.

  • MOVES-UBS AG, Aviva Investors, Marex Spectron Wednesday, 3 Oct 2012 | 6:34 AM ET

    The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region. Bank of Nova Scotia named Troy Wright as president and chief executive of its Mexican unit, Grupo Financiero Scotiabank Mexico, on Tuesday.

  • UPDATE 4-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 6:27 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1000 GMT.

  • Poor EU steel demand hits recyclers's margins Wednesday, 3 Oct 2012 | 6:20 AM ET

    LONDON, Oct 3- Low steel consumption in Europe is eating into ferrous recyclers' margins, an EU industry body said on Wednesday. Among the largest metals scrap recycling groups operating in Europe are Australia's Sims Metal Management, EMR, a privately-owned British company whose turnover was around 1-3 billion pounds in the last few years, and Germany's TSR.

  • By Dasha Afanasieva and Kirstin Ridley. LONDON, Oct 2- A former UBS trader wept in a London court on Tuesday after reading an email in which "rogue trader" Kweku Adoboli, a former colleague accused of fraud, admitted to unauthorised trades that risked undermining the Swiss bank and colleagues.

  • Markets subdued ahead of raft of US economic data Wednesday, 3 Oct 2012 | 6:15 AM ET

    LONDON-- Markets were subdued Wednesday as investors awaited a run of U.S. economic figures and after Spain's prime minister indicated his cash-strapped country would not request a bailout imminently.

  • LONDON, Oct 3- France's Areva has dropped out of the race to buy British nuclear new-build project Horizon, a source familiar with the deal said, three months after announcing it was bidding for it with China Guangdong Nuclear Power Holding.

  • JOHANNESBURG, Oct 3- Richard Brasher, the former UK head of Tesco, has been appointed chief executive of South Africa's No.2 grocer Pick n Pay as the retailer looks for ways to regain domestic market share and fend off encroachment from U.S. giant Wal-Mart.

  • Oct 03- Fitch Ratings has assigned Great Places Housing Group Limited's proposed GBP200m secured bonds an expected Long-term local currency rating of' AA-'.

  • PRESS DIGEST-Canada-Oct 3 Wednesday, 3 Oct 2012 | 6:05 AM ET

    *British Columbia Premier Christy Clark has issued a veiled threat to withhold electricity needed to operate controversial oil sands pipelines if the projects do not meet her demands.

  • Malawi halts talks with Tanzania on border dispute Wednesday, 3 Oct 2012 | 5:58 AM ET

    *Tanzania claims 50 pct of lake, Malawi all of it. LILONGWE, Oct 3- Malawi has cut off dialogue with Tanzania in a long-time territorial dispute concerning Lake Malawi, thought to sit over highly coveted oil and gas reserves. Malawi claims sovereignty over the entirety of Africa's third largest lake, while Tanzania says 50 percent is part of its territory.

  • EU facing a summit packed with pitfalls Wednesday, 3 Oct 2012 | 5:57 AM ET

    BRUSSELS, Oct 3- Banking supervision, the single market, a centralised euro zone budget, a single bank resolution fund, direct recapitalisation of banks from rescue funds and much stricter fiscal oversight.

  • *First female FTSE CEO to step down at year end. *Move sparks speculation of FT Group sale. The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would only be sold "over my dead body".

  • LONDON, Oct 3- Capita PLC:. *Criminal records bureau contract update. Capita beyond 31 March 2013.

  • Euribor bank-to-bank rates hit record lows Wednesday, 3 Oct 2012 | 5:38 AM ET

    LONDON, Oct 3- Key Euribor bank-to-bank lending rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year-long slide.

  • Blackstone joins with Anacap for bank deals -source Wednesday, 3 Oct 2012 | 5:37 AM ET

    LONDON, Oct 3- Blackstone has set up a joint venture with mid-sized rival Anacap to hunt for private equity deals in Europe's embattled banking sector, a person familiar with the situation said. Blackstone has a long track record of investing in financial services in the United States, but has found it more difficult to find banking investments in Europe.

  • "There will be some pressure on banks in the short term due to the unexpected recommendations for real estate credit portfolios," Banco Espirito Santo say in a note to clients. It downgrades Deutsche Bank to "sell", whose shares are up 1.3 percent, albeit in light volumes of trading due to a public holiday in Germany.