Europe News United Kingdom

  • said on Thursday in announcing it will move to Switzerland and list its shares in London, dealing a blow to the debt-crippled Greek economy. The material impact on Greece may be limited- its Greek plants will go on working and CCH said the five percent of its business that the world's second-ranked Coke bottler has in Greece will be unaffected.

  • LONDON, Oct 11- European banks will need at least another five years to bolster their capital base in line with new regulations, as they wait for loan books to slowly expire rather than sell them at a loss, a report said on Thursday.

  • *S&P downgrade to Spain impacts sentiment. LONDON, Oct 11- Major retail stocks led European shares higher on Thursday after three days of losses, although traders said a rating cut for Spain could peg back markets to the tight trading range seen in the last month.

  • LONDON-- Financial markets steadied Thursday ahead of another round of U.S. corporate earnings and despite a downgrade of Spain's sovereign credit rating. Standard& Poor's downgraded Spain's government debt late Wednesday from BBB+ to BBB-, the lowest investment grade level.

  • MOSCOW, Oct 11- Russian private healthcare provider MD Medical Group narrowed the price range for its London share sale to between $11.50 and $12.50 per global depositary receipt from an earlier $11.25 to $13.50, two sources close to the deal said on Thursday.

  • David Cameron

    U.K. Prime Minister David Cameron warned of the growing risk that Britain’s creditors could start to question “our ability and resolve to pay off our debts” on Wednesday as he wrapped up his Conservative Party’s annual meeting in Birmingham, Britain’s second city.

  • LONDON, Oct 11- Turkish stocks hit 17- month highs on Thursday, shrugging off an escalating conflict with Syria as data showed an improving current account picture while the Czech crown lost 0.3 percent after comments by the central bank governor.

  • By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Shares in Direct Line set a premium on their stock market debut on Thursday, marking a milestone for parent Royal Bank of Scotland which needed a successful float of the insurance unit as a key part of its recovery plan.

  • Shares in WM Morrison fall 1.3 percent, topping the FTSE 100 fallers list, after Credit Suisse reduces its rating for Britain's No. 4 grocer to "neutral" from "outperform" on valuation grounds, according to traders. Credit Suisse also cuts its earnings estimates for Morrison by up to 3 percent and lowers its target price to 290 pence from 320 pence.

  • By Rieka Rahadiana and Adriana Nina Kusuma. JAKARTA, Oct 11- Indonesia's central bank held its benchmark rate steady at a record low for an eighth consecutive month and said the economy was still growing well, though it conceded domestic demand was slowing.

  • DUBAI, Oct 11- Qatar International Islamic Bank launched a $700 million sukuk on Thursday, arranging banks said, at the lower end of revised price guidance in a reflection of healthy demand for the deal. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow an issue from Qatar Islamic Bank.

  • *Move follows record fraud fine in United States. LONDON, Oct 11- GlaxoSmithKline, criticised in the past for keeping important information about its medicines to itself, is to lift the lid on more of its drug secrets.

  • -Gross foreign portfolio inflows in January to September reached $13.2 billion and gross outflows totalled $10.5 billion, resulting in a nine-month net inflow of $2.63 billion. -Inflows in September rose following news of the European Central Bank's plan to buy bonds of distressed euro zone economies and Spain's announced cuts to its budget as well as the U.S.

  • *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • BANGKOK-- World stock markets were mixed Thursday, with Europe posting modest gains while Asia slumped after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade. Britain's FTSE 100 rose 0.2 percent to 5,791.79, Germany's DAX added 0.4 percent and France's CAC-40 advanced 0.3 percent to 3,375.40.

  • SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed a parting of ways with financier Nat Rothschild and Bumi Plc, the London- listed coal conglomerate they co-founded two years ago, after frayed tempers over allegations of financial irregularity.

  • LONDON-- Luxury fashion house Burberry PLC, which issued a profit warning last month, says retail sales growth slowed in the second quarter as demand weakened in Britain and China. The company said sales at stores open more than a year rose 1 percent in the three months to Sept. 30, compared with 6 percent in the previous quarter.

  • LONDON, Oct 11- British prompt gas prices eased on Thursday morning as the system was almost balanced and supplies from Norway were expected to improve by the end of the week, analysts said.

  • LONDON, Oct 11- The European Central Bank's pledge to buy the bonds of troubled euro zone members flooded a wave of relief across the bloc but investors are now waiting for action to match the words.

  • LONDON, Oct 11- Lo-Q PLC:. *New agreement signed with major U.S. theme park operator. *Revenue associated with the agreement is expected to scale gradually, over.