Tim Gee, senior M&A partner at Baker & McKenzie, talks about U.K. assets and the M&A sector, as the country enters a new stage, post-Brexit. » Read More
By Maytaal Angel and Clara Ferreira-Marques. LONDON, Oct 12- Mining firms, already cutting back after years of rising costs, could do more to tighten their belts and should use the proceeds to increase payouts to yield-hungry investors, BlackRock, the world's largest fund manager said on Friday.
*Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.
LONDON-- Upbeat earnings from JP Morgan Chase& Co. did little to lift the mood in markets Friday as stocks continued to shed some of the gains made the previous day, when U.S. jobs figures came in stronger than expected.
*JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.
*Investors consolidate; $1,760/ 50 seen as support level* U.S. producer prices rise in September* China, India demand falls By Clare Hutchison.
*JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.
*British Gas says faces rising wholesale prices and upgrade costs. LONDON, Oct 12- Centrica PLC, the owner of Britain's biggest energy supplier, is raising its domestic gas and electricity prices by 6 percent next month, saying it was necessary to cover rising wholesale prices and upgrade costs.
LONDON, Oct 12- Brevan Howard, one of the world's top hedge fund firms which three years ago moved its main office to lower-tax Geneva, is back hunting for a new home in London amid signs some traders are missing the city's buzzing nightlife.
SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.
*Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.
By Sarah White and Luke Jeffs. "There have been huge obstacles preventing us from making a first distribution from the general estate to unsecured creditors," said Tony Lomas, the lead administrator of Lehman Europe at PwC.
COALEY PEAK, England, Oct 12- Senseless massacre to some, a necessary evil to others, a plan to cull thousands of wild badgers to stem the spread of tuberculosis in cattle is sharply dividing rural England.
MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.
LONDON, Oct 12- Christie's raised 41.2 million pounds from its combined London sales of post-war, contemporary and Italian art late on Thursday, towards the lower end of pre-sale estimates and down on the equivalent auctions of 2011..
LONDON, Oct 12- A Swiss Re- backed micro-insurance project that provides weather insurance for crops in Kenya has been expanded to Rwanda, the companies involved said on Friday.
Oct 12- Coca-Cola Hellenic's decision to relocate from Greece to Switzerland, and the recent relocation by fellow Greek corporate FAGE, are limited precedents for other eurozone corporates for now, despite incentives to reduce share price discounts or protect against the risk of a full-blown sovereign crisis, Fitch Ratings says.
*FTSE 100 down 0.1 percent. LONDON, Oct 12- Britain's FTSE 100 eased on Friday, with a second profit warning in a week from the engineering sector underscoring concerns about the health of third quarter earnings in the face of slowing global and domestic demand. ,pushed other engineering companies to the top of the FTSE 100 fallers list.
The U.S. has pledged $50 million, Britain $25 million, Saudi Arabia $25 million and Japan and France $12 million each. The group also announced that Yemen was joining the Arab Spring countries participating in the Deauville Partnership, which also include Egypt, Tunisia, Jordan, Morocco and Libya.
LISBON, Oct 12- Portugal's 2013 budget plans to impose a financial transactions tax of up to 0.3 percent and to cut pensions next year, going well beyond a proposal from the European Commission which floated a tax rate of just 0.1 percent.
Some reaction to the European Union being awarded the Nobel Peace Prize on Friday:. "The stabilizing part played by the European Union has helped to transform a once-torn Europe from a continent of war to a continent of peace" _ Nobel committee chairman Thorbjoern Jagland.