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Europe Top News and Analysis United Kingdom


  • Banks lead European shares higher after EBA review Thursday, 4 Oct 2012 | 4:23 AM ET

    *FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 rises 0.4 pct. LONDON, Oct 4- European shares rose on Thursday, with banks the best performing sector on relief that an update from regulators on the health of the industry painted a less gloomy picture than some had feared. rose 0.7 percent, after traders expressed relief over the update from the European Banking Authority.

  • DUBAI, Oct 4- Falcon Private Bank, a Swiss-based wealth manager owned by Abu Dhabi fund Aabar Investments, has agreed to acquire Clariden Leu, a fully-owned subsidiary of Credit Suisse, a statement from Falcon said on Thursday. London- based Clariden Leu had assets under management of over 2 billion Swiss Francs as of August 31, 2012.

  • UK car sales better than expected in key month of Sept Thursday, 4 Oct 2012 | 4:11 AM ET

    LONDON, Oct 4- British car sales rose by a stronger-than-expected 8.2 percent on the year in September, a key month for the auto industry as it marks a twice-yearly change in vehicle registration plates.

  • Raspadskaya shares outperform Russian equities, rouble Thursday, 4 Oct 2012 | 4:06 AM ET

    rose on Thursday, bucking falls on local stock markets on news that the country's largest steel maker Evraz. Evraz, which had owned about 40 percent of Raspadskaya indirectly up to this point, fell however 3.4 percent in London, surprising some analysts.

  • MOSCOW, Oct 4- Evraz, Russia's largest steelmaker, is to take a majority stake in coal miner Raspadskaya in an $800 million cash and share deal designed to give it more control over the supply of coking coal, a key ingredient in steelmaking.

  • NORWAY GAS-Flows to Europe steady Thursday, 4 Oct 2012 | 3:47 AM ET

    OSLO, Oct 4- Norwegian gas exports to Europe remained broadly stable on Thursday morning, data from Norway's gas system operator Gassco showed. Exports to Europe including Britain totalled 290 million cubic metres per day at 0615 GMT compared to 289.7 mcm daily average on Wednesday.

  • Russian steelmaker Evraz falls on Raspadskaya deal Thursday, 4 Oct 2012 | 3:43 AM ET

    LONDON, Oct 4- London- listed shares in Russia's Evraz fell more than 4 percent in early trade on Thursday after the steelmaker announced a plan to increase its share in coal miner Raspadskaya to an indirect 82 percent holding.

  • LONDON, Oct 4- European shares rose on Thursday as better economic data from the United States eased fears over global growth, while the euro strengthened ahead of an European Central Bank policy meeting later where is expected to keep rates unchanged.

  • Britain's FTSE index rangebound, awaits catalyst Thursday, 4 Oct 2012 | 3:20 AM ET

    LONDON Oct 4- Britain's top share index rose early on Thursday, echoing gains overnight in Asia but sticking within its tight recent range as investors wait for further catalysts to drive the next leg of the equity rally.

  • Banks lead European shares higher Thursday, 4 Oct 2012 | 3:19 AM ET

    LONDON, Oct 4- European shares rose on Thursday but continued to trade in a tight range, with banks the best-performing sector ahead of the latest European Central Bank rate setting meeting.

  • UK house prices fall unexpectedly in Sept - Halifax Thursday, 4 Oct 2012 | 3:13 AM ET

    LONDON, Oct 4- British house prices fell unexpectedly in September, figures from mortgage lender Halifax showed on Thursday, as the weak economy weighed on demand. "The generally weak economic climate remains a significant constraint on housing demand," Halifax economist Martin Ellis said.

  • EADS CEO: equal rights for Germany, France, UK Thursday, 4 Oct 2012 | 3:12 AM ET

    BERLIN-- The chief executive of EADS says Germany, France and Britain are being offered equal rights and a right to veto hostile takeovers in the company that would emerge from a proposed merger with BAE Systems PLC. EADS NV's Tom Enders is working hard to drum up support for a merger of the aeronautics and defense companies but the deal faces potential roadblocks.

  • BRIEF-Symphony Int'l raises $100 mln in rights issue Thursday, 4 Oct 2012 | 3:02 AM ET

    LONDON, Oct 4- Symphony International Holdings Ltd:.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • is to raise $200 million to bolster its resources as it pushes to expand its oil exploration and development in Iraq's Kurdistan. "In addition to being an important milestone for the company... shows an increasing confidence of international markets in doing business in the Kurdistan region of Iraq," said Gulf Keystone chief executive Todd Kozel.

  • PRESS DIGEST-Funds Industry News - Oct 4 Thursday, 4 Oct 2012 | 2:54 AM ET

    *Morgan Stanley is in talks to sell a majority stake in its commodities business to the Qatar Investment Authority. *Singapore state investor Temasek Holdings is putting pressure on Standard Chartered to appoint more independent directors.

  • UPDATE 1-UK Stocks-Factors to watch on Oct 4 Thursday, 4 Oct 2012 | 2:35 AM ET

    *Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.

  • ABU DHABI, Oct 4- National Bank of Fujairah. will replace British lender Barclays PLC on the United Arab Emirates' interbank rate setting panel, the banking regulator said on Thursday.

  • BRIEF-Skanska wins UK contract worth GBP 33 mln Thursday, 4 Oct 2012 | 2:33 AM ET

    STOCKHOLM, Oct 4- Skanska AB:. *Awarded college contract in UK for GBP 33 mln, about SEK 355 mln. *Says contract included in order bookings for Skanska UK for the third quarter 2012, construction to begin immediately.

  • Australia shares close at 14-month high Thursday, 4 Oct 2012 | 2:31 AM ET

    SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.