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Europe Top News and Analysis United Kingdom

  • LONDON, Nov 2- Euro zone manufacturing shrank for the 15th month running in October as output and new orders fell, a survey showed on Friday, likely fuelling expectations of further easing from the European Central Bank.

  • *Alcatel down, Beiersdorf up in mixed earnings season.

  • The FTSEurofirst 300 index of top European shares opened broadly flat at 1109.98 points, with London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX mixed as investors opted for caution ahead of the U.S. data.

  • LONDON, Nov 2- European equities steadied on Friday but could test recent two-week highs if U.S. jobs data reassures on the health of the world's biggest economy.

  • LONDON, Nov 2- Royal Bank of Scotland said it may face ``material fines'' in relation to how Libor and other interest rates were set after talks with regulators which it expects to begin soon.

  • The Royal Bank of Scotland

    Royal Bank of Scotland reported better-than-expected operating profits Friday, but its finance director admitted that it and other U.K. banks are still paying the bill for sins committed before the credit crisis.

  • TOKYO, Nov 2- Asian shares advanced to their highest in nearly two weeks with risk appetite returning on signs that a trend of global recovery is stabilising, particularly in the United States and China. European shares were also seen subdued, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open little changed.

  • Growing Signs of Europe Banking Turnaround

    The mounting bill U.K. banks face for payment protection insurance (PPI) mis-selling is now around 12.3 billion pounds ($19.8 billion), making it the costliest bank mis-selling scandal ever in the UK, according to consumer group Which?.

  • BANGKOK-- Expectations that demand for crude would likely be subdued in the aftermath of the massive storm that slammed into the U.S. East Coast earlier this week caused oil prices to sag on Friday. Benchmark crude for December delivery fell 28 cents at midday Bangkok time to $86.81 per barrel in electronic trading on the New York Mercantile Exchange.

  • Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year after sales in its top market of the United States topped expectations, giving the company optimism that has eluded much of the U.S. restaurant industry in recent months.

  • WASHINGTON, Nov 1- Standard Chartered is close to wrapping up discussions to resolve U.S. investigations into its Iran- linked transactions and nearing agreement on a fine in the $300- million range, mirroring a much-publicized state settlement over similar allegations, according to four people familiar with the matter.

  • Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year and plans to speed up new store openings, as strength in its latest quarter and new products, gave the company confidence not seen by many of its peers in the U.S. restaurant industry.

  • NEW YORK, Nov 1- Brent crude prices fell on Thursday on returning North Sea supply and euro-zone concerns, while U.S. gasoline edged higher as support from supply disruptions after super storm Sandy countered any pressure from data showing rising inventories.

  • *Yen dips as risk appetite increases, Japan outlook weighs. NEW YORK, Nov 1- The U.S. dollar rose against the yen, while commodity-linked currencies also firmed on Thursday as risk appetite improved after better-than-expected U.S. jobs data, which suggested the world's largest economy was on a more stable path to recovery.

  • *Data on China's factories, U.S. jobs boost global equities U.S. NEW YORK, Nov 1- Global stocks gained on Thursday on an improving U.S. jobs picture and data that showed China's economy regaining some traction, while U.S. crude futures were supported by the economic news and potential storm-related supply disruptions.

  • NEW YORK, Nov 1- Commodities rose broadly on Thursday as markets tried to regain a sense of normalcy after a storm devastated the economically key U.S. East Coast, but oil prices were mixed on varying reactions to economic data.

  • LONDON, Nov 1- Banks will have to hold more capital after recent hefty fines, trading losses, money laundering and rate-rigging showed that operational risks are not being covered properly. U.S. energy regulators this week proposed fining the bank $470 million for alleged rigging of California's power markets.

  • NEW YORK, Nov 1- Brent crude prices fell on Thursday on returning North Sea supply and euro-zone concerns, while U.S. gasoline edged higher as support from supply disruptions after super storm Sandy countered any pressure from data showing rising inventories.

  • *Exodus of talent and money from Russia. Russia is exporting three things in great quantity, says a leading Moscow banker: natural resources, capital and people. Only the first could be regarded as healthy and sustainable; the other two imply that oligarchs and ordinary citizens alike are turning their back on Putin's Russia.

  • Oct. 2- Danish shipping group Torm A/S is forced to reach a restructuring agreement with its banks over its $1.8 billion bank debt. Aug. 9- Britain's oldest shipping firm, Stephenson Clarke Shipping Ltd, goes into liquidation after nearly 300 years of trading.