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LONDON, Oct 1- British online fashion retailer ASOS said a former managing director of Amazon in the UK will be its new chairman as its seeks more growth overseas. ASOS said in May that Alli would step down after 12 years with the firm.
BACIT founder Tom Henderson, formerly of Cazenove, said: "For many years I have wanted to combine my background in fund management with supporting the incredible work of the Institute of Cancer Research." The fund is backed by City financiers such as private equity veteran Jon Moulton, the founder of Alchemy Partners, who sits on the BACIT board.
LONDON, Oct 1- HSBC Holdings PLC:. *HSBC sells property vision holdings to management. *At 30 June 2012, the business had gross assets of US $7.2 M.
LONDON, Oct 1- British blue chip shares rebounded early on Monday, with miner Xstrata. Shares in Xstrata gained 1.5 percent, having traded 22 percent of their full-day volume average by 0748 GMT, as the company's board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has mandated Barclays, Ceska, SG CIB and UniCredit for a tap of its 3.875% May 24 2022 euro issue. The settlement date is October 5 2012.. Keywords: CZECH REPUBLIC/ BOND TAP.
LONDON, Oct 1- Acteon Group:. *Acteon Group announces change in ownership: First Reserve Corporation sells. *Acteon Group- executive management team will remain in place, further terms.
LONDON, Oct 1- SVG Capital PLC:.
*If successful, would be Tullow's second oil discovery in Kenya. NAIROBI, Oct 1- British explorer Tullow Oil Plc and its Canadian partner Africa Oil Corp started drilling a third well in Kenya, extending a campaign to discover more reserves after finding oil in the east African country earlier this year.
LONDON, Oct 1- Peninsular Gold Ltd:. *Its unit, Raub Australian Gold Mining obtained an Islamic financing facility. for up to about $40 million.
*Weak economic data and Spain worries pressure euro. Investors also remain wary about the outlook for Spain, which is expected to need a full international bailout at it struggles to raise funds for deficit-laden regional governments while recapitalising its struggling banks.
LONDON-- The board of Anglo-Swiss mining company Xstrata PLC said Monday it is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues of around $175 billion. Xstrata said in a statement it was supporting the offer of 3.05 Glencore shares for each Xstrata share.
*Arrium rejects bid, calling it undervalued and conditional. SYDNEY/ MELBOURNE, Oct 1- A consortium including Noble Group and POSCO urged Arrium.
By Kate Kelland LONDON, Oct 1- Extending treatment with Roche's. Analysts had said the Swiss firm, the world's biggest maker of cancer drugs, could lose up to $1.5 billion in revenue from the blockbuster medicine in the medium term if six months treatment had been shown to be just as effective.
LONDON, Oct 1- European shares edged higher on Monday, starting the new quarter with a bounce off three-week lows, as investors increased their exposure to cyclical sectors such as banks and miners.
LONDON, Oct 1- Britain's blue-chip index was fractionally higher early on Monday, led by miner Xstrata. after it gave its long-awaited blessing to trader Glencore's bid. Shares in Xstrata gained 1.6 percent as its board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.
LONDON, Oct 1- Bwin.Party Digital Entertainment PLC:. *Sale of ongame to amaya gaming group inc. *sale of ongame, a leading b2b online poker network to amaya gaming for up to E25.0 million.
*HERA trial favours status quo, PHARE trial inconclusive* Experts say key message is one year of Herceptin is best* Results limit downside risk for Roche's Herceptin revenues By Kate Kelland LONDON, Oct 1- Extending treatment with Roche'S. Data from both trials were presented at the European Society of Medical Oncology conference in Vienna on Monday.
SYDNEY, Oct 1- Australian shares ended flat on Monday, giving up early gains after data showing China's manufacturing sector remained in contraction in September fuelled investor worries about weak global growth. Mining and steel maker Arrium.
LONDON, Oct 1- Extending treatment with Roche's. breast cancer drug Herceptin to two years from the one year current standard is not worth while, trial data showed on Monday, but shortening treatment to six months also looks unlikely to benefit patients.
The differences in approach could not be more distinct — or telling. Fresh austerity measures were announced last week by Prime Minister Mariano Rajoy of Spain. Two of the most economically distraught countries in the euro zone, Greece and Spain, mapped out additional budget cuts last week, the New York Times reports.