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Europe Top News and Analysis United Kingdom

  • --We are raising our long-term credit ratings on Unum Group and its U.S. operating subsidiaries. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services raised its long-term counterparty credit rating on Unum Group to' BBB' from' BBB-'.

  • Oct. 9- Fitch Ratings has affirmed Groupe BPCE's, BPCE S.A.' s and Natixis's Long-Term Issuer Default Ratings at' A+' and Short-Term IDRs at' F1+'.

  • The banks' action follows interest rate cuts by Denmark and Switzerland to protect their currencies from investors seeking safe haven from the euro. But this revenue source in the kroner and franc has dried up now that Denmark and Switzerland have cut rates.

  • Oct 9- Syrian journalist and writer Samar Yazbek, who was forced into exile after criticising President Bashar al-Assad, has won PEN's Pinter International Writer of Courage Award.

  • LONDON, Oct 9- UK shares fell for a second session on Tuesday, dented by a wary view of Europe's debt troubles and concerns that gloomy global economic data bodes ill for the upcoming corporate earnings season.

  • Thirty-seven years in the making, the $160 million national soccer center at Burton-upon-Trent in central England will be the permanent home for all 24 of England's senior and junior teams and the training base for aspiring coaches.

  • LONDON-- The International Cricket Council has launched an "urgent investigation" following allegations by an Indian television station that several umpires were willing to fix matches for money.

  • LONDON, Oct 9- West African crude oil differentials were under pressure again on Tuesday, as talk that Unipec resold unwanted Angolan cargoes highlighted the limited demand in China. *Qua Iboe: Seen trading around the $2.10 level, little changed from the day before, but below the $2.10 to $2.50 range seen on Friday.

  • NEW YORK-- Airport services provider ABM Industries Inc. said Tuesday that it reached a deal to buy Air Serv Corp. for about $158 million in cash. The company provides facility management services for airlines and freight companies at over 50 airports throughout the U.S. and United Kingdom. ABM shares fell 1 cent to $18.29 in morning trading.

  • LONDON, Oct 9- Alleged rogue trader Kweku Adoboli exposed Swiss bank UBS to billions of dollars of hidden market risk for weeks on end, peaking at nearly $12 billion on Aug. 8 last year, a London court heard on Tuesday.

  • By Agnieszka Barteczko and Maciej Onoszko. WARSAW, Oct 9- Would-be investors in ZE PAK, eyeing jittery financial markets and the Polish utility's ageing plants, are likely to drive a hard bargain in a flotation which may not achieve a market value much above 1.5 billion zlotys.

  • *Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto said on Tuesday it would step up cost cuts because of an uncertain near-term outlook that includes lower growth this year in China, the world's largest consumer of key commodities.

  • NEW YORK, Oct 9- Oil prices rose more than 1 percent on Tuesday, after two sessions with lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • LONDON, Oct 9- European shares fell in thin trade on Tuesday as gloomy economic data and corporate reports set the backdrop for a tough start to the third-quarter reporting season in the United States.

  • LONDON, Oct 9- Ryanair said it would not be taking part in the sale of London's Stansted airport after the airport's owner, BAA, excluded the budget airline from the process. Ryanair had previously stated that it had held talks with potential bidders for Stansted after it was asked to consider acquiring a minority stake as part of a consortium.

  • *CDP to sell Eni shares to help fund Snam stake buy. MILAN, Oct 9- A placement of shares in oil and gas group Eni on Tuesday was made on behalf of Italian state-controlled finance group Cassa Depositi e Prestiti, sources said, as part of plans for Eni to exit gas network company Snam.

  • Oct 9- Fitch Ratings has maintained 26 tranches of 11 TDA CAM transactions, a series of Spanish RMBS transactions on Rating Watch Negative. The notes were initially placed on RWN on 3 April 2012 following the downgrade of Confederacion Espanola de Cajas de Ahorros, which acts as the account bank, basis swap provider and agent in all 11 transactions.

  • RIYADH, Saudi Arabia-- Saudi Arabia's oil minister said Tuesday his country has the ability to meet existing and future demand for oil, seeking to alleviate concerns about supply and cut prices. Brent crude, which is used to price international varieties of oil, was trading above $113 a barrel in London on Tuesday.

  • October 9- Following are terms and conditions. of a bond priced on Tuesday.

  • JOHANNESBURG-- African leaders joined thousands of Ugandans Tuesday on an airstrip in the capital of Kampala where 50 years ago Uganda announced independence from British rule.