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Europe Top News and Analysis United Kingdom


  • By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil consolidated around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.

  • JAKARTA/ SINGAPORE, Oct 2- Indonesia's biggest coal firm Bumi Resources, facing a probe into its finances by London- listed Bumi Plc, a major shareholder, is considering selling mines and carrying out a rights issue to raise cash, officials said on Tuesday.

  • Stocks higher after improved housing data Tuesday, 2 Oct 2012 | 9:45 AM ET

    NEW YORK-- Stocks climbed Tuesday on Wall Street after a measure of American home prices posted the largest gain in more than six years, the latest data to indicate an improving housing market.

  • Swiss opponents of tax deals fail to gain support Tuesday, 2 Oct 2012 | 9:44 AM ET

    GENEVA-- Opponents of Switzerland's tax agreements with Germany, Austria and Britain have failed to gather enough signatures needed to hold three popular referendums that could have defeated the deals.

  • Europe Power-Spot falls ahead of German holiday Tuesday, 2 Oct 2012 | 9:41 AM ET

    *Nearby prices down in Germany, France. France's day-ahead contract was 4.50 euros down on the day at 47 euros a megawatt hour. Germany's next working day, Oct. 4, traded 7.50 euros down from levels paid for Tuesday delivery to 42.40 euros.

  • TV show claims UK TV host Savile abused children Tuesday, 2 Oct 2012 | 9:35 AM ET

    LONDON-- For decades, Jimmy Savile was a fixture on British television _ an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. "Maybe it was just the fact that Jimmy knew everybody," Esther Rantzen, a former BBC journalist and founder of the ChildLine child-protection charity, told Channel 4 news. "

  • Report wants EU banks to ring-fence risky business Tuesday, 2 Oct 2012 | 9:34 AM ET

    BRUSSELS-- Europe's fragile banking system should be protected by building a firewall between a lender's retail operations and its more risky trading activities and forcing executives to take losses when their banks fail, according to an expert report.

  • LONDON, Oct 2- A new research paper by one of the key architects of the ECB's new bond buying plan has advocated the liberal use of bond purchases and giving banks easy access to cheap funding to fight a combined banking and sovereign debt crisis.

  • BRIEF-SCA sells stake in newsprint mill in Britain Tuesday, 2 Oct 2012 | 9:04 AM ET

    *has divested its 50% shareholding in the UK- based newsprint facility Aylesford Newsprint to the private equity company Martland Holdings. *Says the transaction involved a book loss of SEK 850 M and a. negative cash flow effect of SEK 140 M for SCA.

  • LONDON, Oct 2- Goldman Sachs and Credit Suisse have emerged from the financial crisis as the biggest suppliers of brokerage services to the embattled hedge fund industry, a new study showed on Tuesday. Credit Suisse, which counts European hedge fund giant Brevan Howard as a key client, is in second place with $200 billion of assets.

  • Ed Miliband, UK Labour party leader

    In an attempt to cast himself as a humble alternative to Prime Minister David Cameron, UK opposition leader Ed Miliband will shortly unveil tax rises for the rich and measures to reform the British banking industry.

  • Oil supported by upbeat US manufacturing data Tuesday, 2 Oct 2012 | 8:26 AM ET

    By early afternoon in Europe, benchmark oil for November delivery was up 18 cents to $92.66 a barrel in electronic trading on the New York Mercantile Exchange. The contract closed up 29 cents at $92.48 in New York on Monday after a report showed U.S. manufacturing grew in September for the first time in four months.

  • DOHA/ LONDON, Oct 2- Qatar Airways will not take delivery of Boeing's 787 Dreamliner until an engine defect is modified, its chief executive said on Tuesday. Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co.' s new-generation GEnx engine for the aircraft.

  • Infrastructure investment funds stay buoyant-study Tuesday, 2 Oct 2012 | 8:21 AM ET

    *Funds raise $14 bn through interim closes. LONDON, Oct 2- Infrastructure funds continued to attract new money in the last three months, with institutional investors making fresh allocations in their quest for stable, inflation-linked returns, a new study has found.

  • UK government hosts 4G talks with operators Tuesday, 2 Oct 2012 | 8:19 AM ET

    LONDON, Oct 2- Britain's mobile operators will be urged to put aside hostilities in order to accelerate the roll-out of superfast broadband at a meeting with the regulator and the government later on Tuesday. O2, owned by Telefonica, and Vodafone, both protested against Ofcom giving EE what they said was an unfair head start in 4 G.

  • Oct 02- Fitch Ratings has affirmed Marston's Issuer plc's class A, AB and B notes and revised the Outlook to Negative from Stable. Total estate performance has been flat against previous year with trailing 12 months June 2012 EBITDA remaining at GBP127.7m, which is 1.8% lower than Fitch's base case.

  • LONDON, Oct 2- Banks are offering up to 500 million euros of debt to bidders in private equity firm CVC's sale of Danish store group Matas, as retail deals continue to dominate the European leveraged buyout market this year.

  • By Christopher Johnson and Alice Baghdjian. LONDON, Oct 2- Brent crude oil slipped to around $112 a barrel on Tuesday as investors weighed a weaker outlook for fuel demand and sluggish economic growth against the risk of possible supply disruptions.

  • Oct 02- Fitch Ratings has received new information on London& Regional Debt Securitisation 1. The borrower, London and Regional, with its advisors recently published the information on the transaction. The loan is due this month, and with the whole loan LTV now at c. 129%, Fitch is concerned about the prospects of repayment by bond maturity in October 2014.

  • PRECIOUS-Gold builds on gains as euro edges higher Tuesday, 2 Oct 2012 | 7:59 AM ET

    Spot gold was up 0.2 percent on the day at $1,777.00 an ounce by 1137 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.