James Eden, owner of Private White VC, talks about the U.K. clothing and fashion indsutry.» Read More
*Forties bid up to dated plus 30 cents. LONDON, Oct 2- North Sea Forties crude differentials drew further support on Tuesday from firmer bids and additional supply glitches to October-loading cargoes. *Total bid for an Oct 25-29 Forties at datd plus 30 cents and also bid for an Oct. 18-24 Forties at dated plus 30 cents.
LONDON, Oct 2- Euro zone money markets have shown tentative signs of recovery in recent weeks along with improving appetite for risk in the region, but even the optimists say the crisis will have to be past before interbank lending is back to normal.
By Dasha Afanasieva and Kirstin Ridley. LONDON, Oct 2- A former UBS trader wept in a London dock 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.
JOHANNESBURG, Oct 2- Petra Diamonds said on Tuesday that a "limited number" of workers at its Kimberley Underground mine had gone on strike, although production had not been affected.
LONDON, Oct 2- RPC Group PLC:. *Ron Marsh, CEO, has notified board of his intention to retire with effect. *Pim vervaat, Finance director, will assume the role of chief executive from.
The country's largest fertilizer company, Mosaic, said weak demand from China and India weighed on its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Shortly before noon, the Dow Jones industrial average was down 75 points at 13,439. Dupont led the Dow lower, sinking 1.8 percent, or 84 cents, to $49.52.
*Banks lower as UBS cuts ratings. *Babcock climbs after strong first-half. LONDON, Oct 2- Britain's top share index continued its choppy trend and was pulled marginally lower on Tuesday, as weakness in banks and miners overpowered results-related gains for companies such as Babcock and Tesco.
*Acquires LH Group, a UK- based provider of maintenance, overhaul services. *Deal for about $48 million. *Says expects the transaction to be accretive in the first year.
LONDON, Oct 2- Private equity firm Carlyle is set to hire banks to refinance UK roadside rescue business RAC's debt to pay itself a 260 million pound dividend, people familiar with the situation said on Tuesday.
*PetSmart to replace Sunoco in the S&P 500 index. Spain was said to be ready to ask the euro zone for help, but Germany has signaled that Madrid should hold off on making its request, according to European officials on Monday.
This is particularly true in the euro area, where the European Central Bank seems to go ever further to support bank liquidity. Reuters parent company Thomson Reuters Corp collects information from banks and uses it to calculate Libor rates according to specifications drawn up by lobby group the British Bankers Association, which will no longer be involved.
New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.
*MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.
MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
A new hurdle to the 27 billion pound tie-up between BAE Systems and EADS was put up by the French on Tuesday as the country's largest industrial shareholder in EADS said that the 60-40 merger terms were unsatisfactory. Stephen Hester, chief executive of Royal Bank of Scotland, has admitted the institution is a "British poster child for what went wrong in banking".
Volcker, architect of the "Volcker Rule" governing so-called proprietary trading by U.S. investment banks, will appear before the commission on Oct. 17 to compare and contrast banking behaviour and practices between Britain and the United States.
MANCHESTER, England, Oct 2- British opposition leader Ed Miliband will cast himself as a humble man of the people on Tuesday in a bid to underscore Prime Minister David Cameron's image as a privileged' posh boy' whose government is out of touch with voters.
MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.
PARIS-- Everyone loves a high-profile rivalry, but perhaps the fashion world more than most. In the Christian Dior ring, Raf Simons _ the house designer appointed in April whose Friday collection wowed journalists _ and in Yves Saint Laurent's, Hedi Slimane, the 44- year-old appointed in March, who himself used to work at Dior menswear.
SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.