Europe Top News and Analysis United Kingdom


  • *Iran will defeat "conspiracy" against the rial, aide says. DUBAI, Oct 5- Iran will defeat a "conspiracy" against its foreign currency and gold markets, an adviser to supreme leader Ayatollah Ali Khamenei said on Friday, with pressure mounting on the authorities to deal with the rapid collapse of the rial.

  • Med Crude-Urals strongest since early Sept Friday, 5 Oct 2012 | 1:26 PM ET

    LONDON, Oct 5- Russian Urals crude ended the weak on a bullish note on Friday, rising to its strongest levels since early September as traders said October volumes in the Mediterranean were mostly sold out.

  • PARIS, Oct 5- France will not rule out buying shares from Lagardere that would raise its stake in a merger of EADS and BAE, a French government source said on Friday, raising the prospect of a deal-breaking clash with Britain.

  • Nigeria LNG declares force majeure as of Oct. 4 Friday, 5 Oct 2012 | 1:14 PM ET

    LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. "An attempt was made to steal crude oil from the Bomu-Bonny trunk line and offload it onto a waiting ship that led to a fire on the line and on the ship on Sunday," a Shell spokesman said.

  • North Sea Crude-Forties stable, deferrals rise Friday, 5 Oct 2012 | 1:08 PM ET

    LONDON, Oct 5- North Sea Forties crude differentials were steady on Friday as traders assessed fresh November loading programmes amid mounting deferrals of October cargoes. This explains why the Forties November loadings do not begin until November 8.

  • LONDON, Oct 5- Asian spot prices of liquefied natural gas lost more ground this week as weaker import demand across key winter delivery periods forced some producers to sell distressed cargoes at knockdown prices.

  • PARIS, Oct 5- France will not rule out buying shares from Lagardere that would raise its stake in a merger of EADS and BAE, a French government source said, raising the prospect of a clash with Britain over control of the merged group. Britain, France and Germany are still in disagreement over how to proceed with the proposed merger. Keywords: EADS BAE/ FRANCE STAKE.

  • Seized Argentine ship remains in Ghana Friday, 5 Oct 2012 | 1:01 PM ET

    TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.

  • LONDON, Oct 5- Aurubis, Europe's biggest copper smelter, will offer 2013 copper cathode term premiums for its European customers at $86 a tonne, unchanged from levels set in June this year, a spokeswoman for the company said on Friday.

  • UPDATE 1-Opel "vital" for GM in Europe Friday, 5 Oct 2012 | 11:51 AM ET

    *GM says Opel not for sale despite Fiat's reported interest. *Opel executive says aims to source more parts from PSA, not GM. Earlier on Friday, Italian daily Il Sole-24 Ore said in an unsourced report that Fiat SpA Chief Executive Sergio Marchionne was ready to buy Opel if GM's alliance with Peugeot dissolves.

  • *Purchasing differentials for Ivory Coast cocoa beans firm. AMSTERDAM, Oct 5- Price ratios for cocoa butter were firm in Europe's cash cocoa market on strong demand for nearby contracts, traders said.

  • PARIS/ FRANKFURT, Oct 5- Talks over a European supermerger between EADS and BAE Systems reached a political crunch point on Friday as Britain, France and Germany attempted to narrow differences on a $45 billion proposal to create the world's largest aerospace and arms group. Time is running out before a UK deadline of Oct. 10 for a deal.

  • BRIEF-Snacks firm Zetar agrees takeover bid Friday, 5 Oct 2012 | 11:47 AM ET

    LONDON, Oct 5- Zetar PLC:. issued share capital of Zetar. *297 pence in cash for each Zetar share.

  • Angry birds attack French tax on entrepreneurs Friday, 5 Oct 2012 | 11:46 AM ET

    A group of entrepreneurs calling themselves "pigeons" _ French slang for someone who has been taken advantage of _ have mounted a campaign on Facebook and Twitter against a new law that will tax investments along the same lines as salaries _ on a sliding scale _meaning they would have to pay a lot more.

  • Europe Power-German spot climbs on wind lull Friday, 5 Oct 2012 | 11:40 AM ET

    Traders pointed to forecasts for lower wind power production in Germany, the Netherlands and France on Monday. Consumption in France is expected to be stable, compared with Friday, before rising further in the next days.

  • European shares cheered by strong U.S. jobs data Friday, 5 Oct 2012 | 11:36 AM ET

    LONDON, Oct 5- European equities powered higher on Friday, propelled by a strong U.S. jobs report which reassured investors about the health of the global economy and opened the door for a further short-term leg up in miners and industrials.

  • BAE denies report of EADS merger collapse Friday, 5 Oct 2012 | 11:34 AM ET

    LONDON, Oct 5- British defence group BAE denied on Friday a German media report that its proposed deal with EADS had collapsed. "The deal is not off and we continue to work towards the 10th October deadline set by the UK Takeover Panel," a spokesman said. "

  • JPMorgan's head of corporate and regulatory affairs, Barry Zubrow, is expected to give up his job, the Wall Street Journal reported. Hong Kong- based Segantii Capital has hired Ambrose Meau, the former head of trading at hedge fund Isometric Investment. The unit of Alliance Trust Plc appointed Patrick Mill as managing director with immediate effect.

  • US STOCKS-Dow hits 5-year high on jobs report Friday, 5 Oct 2012 | 11:27 AM ET

    *Zynga shares slide after warning, Facebook slips. Labor Department data showed the jobless rate dropped by 0.3 percentage point in September to 7.8 percent, its lowest since January 2009, even as Americans came back into the labor force to resume the hunt for work.

  • Africa's oldest park threatened by rebels, now oil Friday, 5 Oct 2012 | 11:24 AM ET

    VIRUNGA NATIONAL PARK, Congo-- Just a few weeks ago, rangers and militiamen were engaging in gunfights in Africa's oldest national park. Cannons boomed as Congolese army troops shelled rebels.