As more people take to cycling, bike accessories have become a boon market with fans spending more on clothing than on bikes themselves.» Read More
MOSCOW, Oct 3- Russian precious metals miner Polymetal is likely to discuss in December whether to pay a special dividend, Chief Executive Vitaly Nesis said on Wednesday. The company, which joined London's FTSE 100 index last year, has a policy of paying a dividend of 20 percent of net earnings if the ratio for net debt to adjusted EBITDA is below 1.75.
LONDON-- A Python and the founder of Gorillaz are trying to help opera shed its stuffy image. Monty Python's Terry Gilliam and Blur and Gorillaz singer Damon Albarn are supporting a plan by the English National Opera to entice new and younger audience members with the promise of casual clothes, cheap tickets and cocktails.
LONDON, Oct 3- France's Areva has dropped out of the race to buy British nuclear new-build project Horizon, the company said on Wednesday, three months after announcing it was bidding for it with China Guangdong Nuclear Power Holding.
CAIRO, Oct 3- A trickle of foreign donor aid looks like Egypt's best hope of averting a balance of payments crisis for now because many of the investors who fled the country last year are loath to return until the government seals a loan from the IMF.
*Seadrill may move to London, Singapore.
There were twice as many restaurant openings than closings in New York over the past year and diners still eat out three times per week-- the same number as in each of the past three years, according to the survey of 44,306 people, which will be released on Wednesday.
LONDON, Oct 3- Music Festivals PLC:. *Further re appointment of administrator. *Principal units benicassim and Kent festival, which are not subject of.
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.
Oct 3- Fitch Ratings has affirmed Equity Release Funding No. 4 Plc and Equity Release Funding No. 5 Plc, two UK Prime RMBS transactions which comprise reverse mortgages originated by Aviva Plc. A full list of rating actions is at the end of this comment.
*FirstGroup shares fall 19 pct; company says followed guidelines. LONDON, Oct 3- Britain has torn up a deal awarding one of its biggest rail franchises to a private operator, in a humiliating U-turn that raises doubts about the government's handling of the privatised railways.
NAIROBI, Oct 3- Pan-African oil& gas explorer Simba Energy is to drill its first well in northeast Kenya in 2013, a company executive said on Wednesday, the latest effort by an energy firm to find oil in the east African nation.
*Buyers' offers within 160- 195 pence price range- sources. LONDON, Oct 3- Royal Bank of Scotland has found buyers for the full 33 percent stake of insurer Direct Line it is selling to stock market investors, just three days into a nine-day marketing drive, sources close to the transaction said.
LONDON, Oct 3- Nestle has signed a 5 billion euro, 364- day syndicated loan, which will replace a 4.5 billion euro facility agreed in October last year, active bookrunner Citigroup said in a statement on Wednesday.
LONDON/ MUMBAI Oct 3- BG Group said it agreed to sell its majority stake in western India- based Gujarat Gas for $470 million to a unit owned by India's state-run Gujarat State Petroleum Corp, as part of the British oil firm's disposal programme.
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell sharply on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen $2.11 to $109.46 a barrel by 1257 GMT.
The bank promoted Min-Lan Tan, who was most recently head of Singapore equities and research, to global head of macro strategy research. The asset manager named David Brunner as a regional sales manager within the UK third-party distribution team. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.
RIGA, Oct 3- Latvia is to investigate whether the country's banks played any part in an alleged multi-million dollar Russian tax fraud made public by Sergei Magnitsky, a lawyer who died in detention in Russia in 2009..
Oct 03- Fitch Ratings has affirmed SSE plc's Long-term Issuer Default Rating at' A-', senior unsecured notes at' A-', subordinated notes at' BBB' and Short-term IDR at' F2'.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, set an indicative price range on Wednesday for its initial public offering of stock at $10- $12 per Global Depository Receipt.
LONDON, Oct 3- BG Group:. *Agreement reached for $470 M sale of ggcl stake. *Agreement reached for $470 M sale of ggcl stake.