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Europe Top News and Analysis United Kingdom

  • LONDON, Oct 9- Aortech International PLC:.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *The UK blue chip index closed down 0.5 percent, or 29.28 points lower, at 5,841.74 points on Monday.

  • LONDON, Oct 9- Barclays PLC will buy the deposits, mortgages and business assets of ING Direct UK, as it looks to expand its retail operations and minimise exposure to a shrinking investment banking market.

  • LONDON, Oct 9- British Prime Minister David Cameron said on Tuesday he would not soften his austerity programme with a "Plan B" after the International Monetary Fund downgraded its growth forecasts for Britain. We know that, "Cameron told BBC. The IMF said Britain might have to defer some of its spending cuts if growth turns out much worse than expected.

  • MOSCOW, Oct 9- Russia's second-largest mobile phone operator MegaFon, in which Russia's richest man Alisher Usmanov took control in April, said on Tuesday it plans to launch an initial public offering on the London Stock Exchange. Shares will be sold by Nordic co-owner TeliaSonera and MegaFon itself.

  • LONDON, Oct 9- Rio Tinto said on Tuesday it saw production growth ahead for its copper arm and remained "optimistic" on the outcome of talks with China on a power deal for its key Oyu Tolgoi copper-gold project, but the miner warned it was cautious on the broader economic outlook.

  • IMF headquarters

    The International Monetary Fund has moved a step closer to withdrawing its support for the UK’s economic strategy, advising the government to redraw its fiscal tightening plan if growth disappoints in the coming quarters, the FT reports.

  • LONDON, Oct 9- Barclays PLC will buy the deposits, mortgages and business assets of ING Direct UK valued at more than 11 billion pounds, the British bank said in a statement on Tuesday.

  • AMSTERDAM, Oct 9- Dutch bank and insurance group ING said on Tuesday it had agreed to sell ING Direct UK to British bank Barclays, taking a 320 million euro loss on the transaction after tax.

  • LONDON, Oct 9- Pennon Group PLC:. *Expands its waste management business. *Has acquired Pulp Friction Limited, a paper collection and processing.

  • *Pointpark Properties- intention to float on London Stock Exchange. *Pointpark Properties- intends to raise gross proceeds of circa 250 million. STG via an initial public offering.

  • LONDON, Oct 9- Informa PLC:. *Acquisition of zephyr associates from kemmons wilson companies for $62 M in. *Expects the acquisition to generate an attractive return on invested capital.

  • LONDON, Oct 9- MITIE Group PLC:.

  • LONDON, Oct 9- May Gurney Integrated Services PLC:. *May gurney integrated services plc- trading in the first half has. September 6 have been ring-fenced and being addressed.

  • STOCKHOLM, Oct 9- EQT Corp:. *Tampnet has a leading position in the North Sea and operates the largest offshore high capacity communication network in the world. *Tampnet serves both the Norwegian and UK parts of the North Sea ().

  • ZURICH, Oct 9- Swiss private bank Julius Baer. will cut up to around 1,000 jobs as a result of its purchase of part of Bank of America Merrill Lynch's wealth management business.

  • MOSCOW, Oct 9- Here are events and news stories that could move Russian markets on Tuesday. MOSCOW- Russian Prime Minister Dmitry Medvedev will meet his Iraqi counterpart Nuri al-Maliki. MOSCOW- Russia's second-biggest mobile phone operator MegaFon is expected to start pre-marketing its London initial public offering.

  • Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.