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  • --Following our review of the remaining loan backing Victoria Funding, we consider that the risk of principal losses and cash flow disruption has increased. --Victoria Funding is a 2005- vintage transaction currently backed by one loan secured by seven commercial real estate assets in the U.K..

  • LONDON, Oct 12- Russian Urals crude extended its rally on Friday, trading in the Baltic at a discount of less than $1 a barrel to dated Brent for the first time since late August, as refiners scrambled to pick up remaining scarce volumes. In the Platts window, BP continued to bid for an Oct 22-26 cargo in the Baltic at dated Brent minus $1 but found no sellers, traders said.

  • LONDON, Oct 12- Irish originator Permanent TSB made a capital gain in excess of EUR150m with its RMBS tender offer, repurchasing EUR644.6m of bonds from the Fastnet 2 transaction.

  • LONDON-- Financial markets slipped on Friday, as disappointing earnings from Wells Fargo bank offset brighter figures from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey. But revenue gains reported by Wells Fargo were below investors' expectations, pushing stock markets back down by the time European exchanges closed.

  • Billionaire Vincent Bollore plans to list shares of his holding company's electric-car-and-batteries unit next year, the French tycoon told daily Les Echos in an interview. The French ad group said it had acquired 117,415 shares in LBi International NV as part of a deal to acquire the Dutch agency announced in September.

  • *JPMorgan has lower' London whale' losses than in 1st half. Oct 12- Two of the nation's biggest banks, Wells Fargo& Co and J.P. Morgan Chase& Co, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere hurt J.P. Morgan more than Wells Fargo.

  • Signs of tight crude supply from the North Sea in November and expectations of stronger refinery demand in Europe have also supported the market. Shipments of Forties to South Korea, encouraged by a free trade agreement during 2012, tend to support prices in the North Sea market, as well as Brent swaps and timespreads.

  • MOMBASA, Kenya, Oct 12- The number of tourists visiting Kenya's coast fell by 22 percent in the first eight months of this year compared to 2011 due to concerns over Islamist violence and the cost of landing rights in the traditional tourist hot spot, tour operators said.

  • *FTSE 100 down 0.5 percent on day, 1.2 pct on week. LONDON, Oct 12- Britain's FTSE 100 fell on Friday, dented by corporate earnings concerns after a second profit warning in a week from the engineering sector and by more weak data from mega metals consumer China.

  • LONDON, Oct 12- Russian oil firm TNK-BP will likely award its 2013 crude sale tender to six oil companies and trading houses, up from three last year, effectively diluting the influence a buyer can have on prices, trading sources said on Friday.

  • LONDON-- A British court has ordered self-exiled Russian tycoon Boris Berezovsky to pay 35 million pounds in legal costs to fellow Russian Roman Abramovich after losing a lawsuit against him.

  • ZURICH, Oct 12- Apple, sensitive about protecting its own designs, has struck a deal to use Swiss railway operator SBB's trademark station clock design on iPads and iPhones.

  • Christakis Ioannou set up websites designed to look like the official portals and received more than $646,500 for non-existent tickets from people in 35 countries. Olympians from France and Greece were among his victims.

  • --Italy- based classified directories publisher SEAT PagineGialle SpA. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services raised to' B-' from' CCC' its long-term corporate credit rating on Italy- based classified directories publisher SEAT PagineGialle SpA.

  • LONDON, Oct 12- Diamond Circle Capital PLC:. *Sold a further three diamonds out of remaining portfolio of six diamonds for. *Continues to explore& consider all opportunities to realise remaining.

  • SINGAPORE, Oct 12- Stephen Branton-Speak, the head of metals trading at Goldman Sachs, is set to retire after 15 years and after playing a key role in steering the 1.4 billion pound sale of the London Metal Exchange, sources told Reuters on Friday.

  • The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.

  • TOKYO, Oct 12- The stand-off between Japan's government and opposition parties is a concern as it has stalled important legislation needed to fund government spending, credit rating agency Moody's Investors Service said on Friday.

  • EADS boss Tom Enders has been accused of being "naive" for misunderstanding the nature of Berlin's political structure and failing to approach Germany directly over the group's proposed merger with BAE Systems.

  • CANBERRA, Oct 12- Australian shares gained more than 0.2 percent on Friday morning, recovering from two sessions of losses, as a rebound in metal prices lifted index-heavy mining stocks. Global miner BHP Billiton Ltd gained 0.8 percent to A $33.50 and major rival Rio Tinto Ltd rose more than 1.6 percent to A $56.31.