Europe Top News and Analysis United Kingdom

  • OSLO, Oct 8- Output from the Royal Dutch Shell- operated Nyhamna gas processing plant in Norway would be reduced on Tuesday, after it experience an unplanned outage on Monday, the gas system operator Gassco said. The plant, which processes gas from the giant offshore Ormen Lange gas field before it is shipped to Britain, was expected to restart by 2000 GMT on Monday.

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States.

  • Oct 8- Fitch Ratings has affirmed European Rail Finance Holdings Limited's Long-term Issuer Default Rating at' BBB+' with a Stable Outlook and simultaneously withdrawn the rating. The bonds are guaranteed by EIL, ERFL Holdings, and other companies, all owned by EIL, together known as Eversholt Rail Group.

  • George Osborne

    The U.K.s triple-A credit rating may be in doubt but finance minister George Osborne has told CNBC that the countrys austerity drive has attracted overseas investment and that he will continue to tackle the debt problems head on.

  • BRUSSELS, Oct 8- The European Union accused the United States of breaching confidentiality surrounding the filing of economically sensitive documents on the funding of the Airbus A350 in the latest twist to a long-running aircraft subsidy dispute.

  • LONDON, Oct 8- A UBS analyst who queried deals booked by accused fraudster Kweku Adoboli thought his trading desk was "very messy" but did not suspect anything illegal, a London court heard on Monday. Adoboli, 32, is on trial at Southwark Crown Court accused of fraud and false accounting that cost UBS $2.3 billion.

  • LAGOS, Nigeria-- The United Kingdom's business secretary said Monday that a bill to overhaul Nigeria's oil industry should be focused on what helps the West African nation, rather than what benefits the foreign oil companies working there.

  • NEW YORK, Oct 8- U.S. stocks fell on Monday after the World Bank cut its growth forecasts for East Asia, underscoring concerns about the global economic climate and corporate profits on the cusp of the kickoff of the quarterly earnings season. The Nasdaq Composite Index was down 16.92 points, or 0.54 percent, at 3,119.27.

  • *Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.

  • LONDON, Oct 8- The European Stability Mechanism has appointed Deutsche Bank, RBS and SG CIB to arrange investor meetings across Europe in early November, bank sources said. The roadshow will take place in London, Frankfurt and Paris, with sources saying the eurozone sovereign rescue fund will target its first bond offering in early January.

  • LONDON, Oct 8- Aseana Properties Ltd:. *Decided to consider shareholder feedback, review reorganisation proposals. to take place in December 2012.

  • MOSCOW, Oct 8- MegaFon, Russia's second-largest mobile phone operator, will start pre-marketing for its London initial public offering on Tuesday, several financial market sources said.

  • *Critics have accused BBC of cover-up. LONDON, Oct 8- Britain's BBC on Monday apologised to a group of women who allege that one of the state-funded broadcaster's top entertainers sexually abused them decades ago, a scandal that has raised questions about the BBC's judgment then and now.

  • LONDON, Oct 8- Britain is in danger of suffering a long-term loss of liquefied natural gas supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers. Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage.

  • STOCKHOLM, Oct 8- Scientists from Britain and Japan shared a Nobel Prize on Monday for the discovery that adult cells can be transformed back into embryo-like stem cells that may one day regrow tissue in damaged brains, hearts or other organs.

  • OSLO, Oct 8- Norway's small Atla gas field in the North Sea has started producing gas two years after it was discovered, Norwegian oil firm Det Norske, a partner with 10 percent in the production license, said on Monday.

  • DOYLESTOWN, Pa.-- When the recession cost Jerry Krone his longtime accounting job several year ago, he turned to his hobby _ making gourmet jam in his Fountainville kitchen. Now he's a fixture at Doylestown's weekly farmers market, selling his lilac jelly and rose petal jam for $4 and $8 a jar.

  • BIRMINGHAM, England, Oct 8- Britain's Conservative-led government will trim an extra 10 billion pounds a year from its welfare budget and make cuts across the board in the next phase of austerity if re-elected, its finance minister said on Monday.

  • *Lawsuit, filed in UK patents court, alleges infringement of European patents.