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Europe Top News and Analysis United Kingdom


  • 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.

  • Shares in Smith& Nephew shed 1.2 percent, among the top fallers on the FTSE 100 albeit in light volume, with traders citing a downgrade by Morgan Stanley to "equalweight" from "overweight" as weighing on sentiment towards Europe's leading maker of artificial hips and knees.

  • *Brent crude slips under $111 a barrel* Euro trades around $1.29, little changed from U.S. levels* Markets await Spain's next move on bailout request By Richard Hubbard.

  • Weaker energy shares drag Britain's FTSE lower Wednesday, 3 Oct 2012 | 5:25 AM ET

    *FTSE 100 index falls 0.1 percent. LONDON, Oct 3- Britain's top share index edged lower on Wednesday, with weaker oil prices putting pressure on energy stocks, while retailers such as Tesco. At 0854 GMT, the FTSE 100 index.

  • World stocks fall as US data awaited Wednesday, 3 Oct 2012 | 5:21 AM ET

    The U.S. Labor Department will release employment data for September on Friday. Britain's FTSE 100 fell 0.1 percent to 5,801.45. Germany's DAX was less than 0.1 percent lower at 7,300.12 and France's CAC-40 lost 0.3 percent to 3,404.64.

  • Direct Line IPO order book fully covered - sources Wednesday, 3 Oct 2012 | 5:14 AM ET

    LONDON, Oct 3- Order books on the London initial public offering of Royal Bank of Scotland's insurance business Direct Line have been covered three days into the company's nine day investor roadshow, sources close to the company said on Wednesday. Shares in the sale of up to 33 percent of the company are being offered at 160 pence to 195 pence each.

  • European shares dip on growth fears, Spain doubts Wednesday, 3 Oct 2012 | 4:59 AM ET

    PARIS, Oct 3- European stocks dipped early on Wednesday, adding to the previous session's losses, as uncertainty surrounding a potential bailout for debt-stricken Spain and further signs of a slowdown in China rattled investors. At 0840 GMT, the FTSEurofirst 300.

  • INSTANT VIEW 7-UK services PMI falls more than forecast Wednesday, 3 Oct 2012 | 4:54 AM ET

    LONDON, Oct 3- Britain's service sector growth slowed in September and services providers shed jobs for the first time in 10 months, a survey showed on Wednesday, casting more doubt on the chances of a sustained recovery.

  • LONDON, Oct 3- Quadrise Fuels International PLC:. *Confirms it is in advanced stages of a placing of up to 50 million new. ordinary shares at a price of about 7 P per share.