Europe Top News and Analysis United Kingdom

  • *Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.

  • The Dow Jones industrial average rose 118 points to 13,554 as of 1 p.m. Eastern. Stocks had already been up in morning trading, but the gains accelerated after the report was released by the Institute for Supply Management, a trade group of purchasing managers. All 10 industry groups in the S&P 500 rose.

  • *U.S. manufacturing sector expands in September* China's factory activity shrinks for 2nd month in Sept* Japan's business sentiment worsens* Euro zone manufacturing points to a new recession By Dmitry Zhdannikov.

  • *Euro zone slipping into recession, China still slowing. The weak U.S. data followed surveys in the euro zone that showed manufacturing slackened in the three months to September while Asia's factories are continuing to struggle in the face of tepid demand from the United States and Europe.

  • LONDON, Oct 1- Activist investor Knight Vinke Asset Management, a top 20 investor in Xstrata, has criticised the miner's non-executive directors for failing to demonstrate sufficient independence in its protracted merger talks with trader Glencore.

  • LONDON, Oct 1- London's Canary Wharf business district, home to global banks HSBC, Barclays and Citigroup, wants to attract entrepreneurs with a new centre for technology start-ups focused on financial services.

  • *UK manufacturing drops faster in Sept- PMI. LONDON, Oct 1- Lending to British consumers fell in August and manufacturing activity shrank in September, weighing on prospects of a sustainable economic recovery in the coming months.

  • The bank named Tom Willett as head of mergers and acquisitions, Europe. He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa.

  • *Austria, Britain deals can come into force in January. ZURICH, Oct 1- Deals with Germany, Britain and Austria to tax secret Swiss bank accounts appear unlikely to go to a referendum in Switzerland after opponents of the plan failed to submit enough signatures.

  • LONDON, Oct 1- European shares extended their gains, with a leading index reaching a fresh intraday high, after data showed that the U.S. manufacturing sector expanded in September.

  • LONDON, Oct 1- The British government would be prepared to use its' golden share' to veto the proposed $45 billion merger between EADS and BAE Systems if the terms were not right for Britain, a defence ministry source said. Priorities for the British government include jobs and future security for BAE plants in Britain.

  • By Lefteris Papadimas and Dina Kyriakidou. ATHENS, Oct 1- Greece will bring forward painful budget cuts to end a decade of primary deficits while grappling with a sixth year of recession, according to a 2013 budget draft aimed at satisfying international lenders.

  • LONDON, Oct 1- The Bank of England said it would be "unrealistic" to expect to see the benefit of its Funding for Lending Scheme in August credit data it published earlier on Monday.

  • LONDON, Oct 1- Aegis Group PLC:. *Acquisition of irokeesi in Finland. *Irokeesi's gross assets as at 31 December 2011 were E 0.9 million.

  • *Three-month Euribor rate rises for first time in 3 months. LONDON, Oct 1- Key Euribor interbank lending rates rose on Monday for the first time in three months as expectations that the European Central Bank could cut interest rates this week are fading.

  • NEW DELHI, Oct 1- Labour unrest forced India's Kingfisher Airlines Ltd to cancel all its flights on Monday in the latest blow for the ailing carrier as it scrambles to find an investor, sending its stock down by its maximum daily limit.

  • *Spot mixed with Germany up on low wind, France lower. FRANKFURT, Oct 1- Prices on Europe's power curve eased on Monday along with oil, coal, gas, and carbon as bearish supply-demand fundamentals dragged markets down. In wholesale power forwards, German annual baseload supply for 2013 shed 15 cents to 47.75 euros.

  • The United Kingdom Listing Authority, which operates under the Financial Services Authority, plans to outline proposals to change British listing rules following a consultation launched in January this year.

  • *Euro zone slipping into recession, China still slowing. NEW YORK, Oct 1- Wall Street was set to start the last quarter on a higher note on Monday even as data continued to point to a slowdown in global manufacturing. The rise in futures points to a rebound from the S&P 500 index's biggest weekly drop since June.

  • *Acteon valued at 800- 900 mln stg- sources. LONDON, Oct 1- Private equity group First Reserve has sold UK offshore oil and gas services group Acteon to rival KKR, one of two European deals on Monday to fan hopes that private equity firms can still make profitable sales.