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Europe News London

  • Benchmark oil gained 13 cents to $85.86 a barrel at midday in New York after rising as high as $86.75 in the morning. Brent crude added 45 cents to $108.30 a barrel in London. Pump prices fell another 2 cents overnight to a national average of $3.60 a gallon.

  • LONDON-- British police say 300 potential victims of a disgraced BBC entertainer, the late Jimmy Savile, have come forward so far since details emerged earlier this month that he was among the country's most prolific sex offenders.

  • LONDON, Oct 25- Former UBS trader Kweku Adoboli will start telling his side of the story in court on Thursday, seeking to convince a jury that he did not act dishonestly when he made the trades that cost the Swiss bank $2.3 billion.

  • BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.

  • LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday that his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • Investing in London Property

    Piers Clanford, Managing Director at Berkeley Homes (Capital) talks about investing in the U.K. property market. He says half of the buyers in London's property market are from outside of the U.K., and that interest from Asia is on the rise.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • NEW YORK, Oct 24- Gold fell on Wednesday to just above $1,700 an ounce, after the U.S. The metal, which briefly dropped below $1,700 an ounce earlier in the session, has been pressured by worries about a U.S. economic slowdown which also slammed equities and commodities this week.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • *Copper ends near 6- week lows, gold slips below $1,700. NEW YORK, Oct 24- Brent crude fell for a seventh straight session on Wednesday, hitting 12- week lows after a sharp build in U.S. oil stockpiles, while most other commodities slid too as the dollar remained strong against the euro. Wheat futures hit one-month highs in Europe and a three-week peak in Chicago trade.

  • *BBC rocked by accusations of abuse by former TV host. LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • LONDON-- The New York Times stood by its incoming chief Wednesday as he denied knowledge of a BBC child sex abuse scandal that threatened to follow him from one of Britain's most respected news organization to one of America's.

  • BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.

  • LONDON, Oct 24- Incoming New York Times chief Mark Thompson said on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • LONDON, Oct 24- Copper closed near six-week lows on Wednesday as the dollar rose and investor sentiment soured on weak euro zone data, but signs of recovery in top metals consumer China limited losses.

  • *Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will on Monday face the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.

  • LOUISVILLE, Ky.-- Two mining officials who worked at an eastern Kentucky underground mine where a worker was killed last year are preparing to plead guilty to federal safety violations, according to court records.

  • *Germany sells 3.3 bln euros of 10- yr bonds, demand good. Businesses in the region suffered their worst month in October since the bloc emerged from its last recession more than three years ago, surveys showed, while Germany's Ifo economic research institute said the country's business climate worsened in October.

  • PARIS/ GENK, Belgium, Oct 24- Car makers suffered a day of reckoning on Thursday when Ford announced Europe's third plant closure this year, Peugeot accepted state aid and even Volkswagen reported a big drop in profits.