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COLUMN-U.S. grid balancing could go further: Gerard Wynn
1 hour ago - Reuters - May 21, 2013 11:44 AM
LONDON, May 21 (Reuters) - Grid operators in the western United States are joining forces to design a new computer-run system to balance power across a wider combined area, improve handling of increasing amounts of fluctuating renewable power and sav



European shares hold below peaks, await Fed reassurance
1 hour ago - Reuters - May 21, 2013 11:37 AM
LONDON, May 21 (Reuters) - European shares held below multi-month peaks on Tuesday, with investors unwilling to push the market higher without reassurance that the U.S. Federal Reserve remains committed to equity-friendly stimulus policies.



Axe Commercial Imagines Women Would Love To Be Seduced During A Home Invasion
2 hours ago - Business Insider - May 21, 2013 10:55 AM
Axe, the Unilever hair and bodycare brand targeted at teen boys, has come up with yet another questionable scenario to back its claim that women just can't resist men who use the brand: The home invasion burglary. In a new ad from BBH London, a burg



UPDATE 1-RLPC-Norilsk Nickel in talks with banks on $2 bln loan
3 hours ago - Reuters - May 21, 2013 10:18 AM
LONDON/MOSCOW, May 21 (Reuters) - Russia's Norilsk Nickel is in talks with banks on a possible $2 billion loan deal to help refinance upcoming debt maturities, the company said on Tuesday.



Inmarsat gains on hopes Dish-LightSquared deal will boost revenue
3 hours ago - Reuters - May 21, 2013 10:18 AM
LONDON (Reuters) - Shares in satellite firm Inmarsat rose on expectations that Dish Network Corp's bid for the spectrum assets of its U.S. partner LightSquared may lead to a resumption of payments to...



The Irish loophole behind Apple's low tax bill
3 hours ago - Reuters - May 21, 2013 10:15 AM
LONDON, May 21 (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.



The Irish loophole behind Apple's low tax bill
3 hours ago - Reuters - May 21, 2013 10:15 AM
LONDON, May 21 (Reuters) - Apple's ability toshelter billions of dollars of income from tax has hinged on anunusual loophole in the Irish tax code that helps the countrycompete with other countries for investment and jobs.



EURO GOVT-Bunds fall before Fed and auction on Wednesday
3 hours ago - Reuters - May 21, 2013 10:11 AM
LONDON, May 21 (Reuters) - Bund futures fell to a session low on Tuesday, with traders citing nervousness before minutes on Wednesday of the latest Federal Reserve meeting and as investors made room...



European shares erase losses after Wall St open
3 hours ago - Reuters - May 21, 2013 10:05 AM
LONDON, May 21 (Reuters) - European shares reversed earlier losses to trade flat on Tuesday, taking heart from solid opening gains on Wall Street.



European shares erase losses after Wall St open
3 hours ago - Reuters - May 21, 2013 10:05 AM
LONDON, May 21 (Reuters) - European shares reversed earlier losses to trade flat on Tuesday, taking heart from solid opening gains on Wall Street.



Iran moves to impose steep export duty on iron ore
3 hours ago - Reuters - May 21, 2013 9:50 AM
SHANGHAI/LONDON, May 21 (Reuters) - Iran's government isnegotiating a tax of up to 40 percent on iron ore exports totake advantage of a surge in sales to China, aiming to replacerevenue from oil and other sources eroded by sanctions.



BRIEF-Sarantel says to sell operating business
4 hours ago - Reuters - May 21, 2013 8:52 AM
LONDON, May 21 (Reuters) - Sarantel Group PLC : * Determined that a sale of the operating business would be inthe best



BRIEF-Sarantel says to sell operating business
4 hours ago - Reuters - May 21, 2013 8:52 AM
LONDON, May 21 (Reuters) - Sarantel Group PLC : * Determined that a sale of the operating business would be in the best



RPT-UPDATE 1-Burberry profit rises 14 percent on Asia retail growth
4 hours ago - Reuters - May 21, 2013 8:34 AM
LONDON, May 21 (Reuters) - British luxury group Burberry said full-year pretax profit rose abetter-than-expected 14 percent on strong retail growth in Asianmarkets, where it is increasing numbers of Burberry brandedstores.



High-end and discount grocers faring best in Britain - Kantar
4 hours ago - Reuters - May 21, 2013 8:20 AM
LONDON, May 21 (Reuters) - High-end Waitrose as well asdiscounters Aldi and Lidl saw the biggest growth in market sharein the 12 weeks to May 12 as Britain's grocery market becameincreasingly polarized, industry data showed on Tuesday.Market research



Vodafone says comfortable with Verizon Wireless status quo
5 hours ago - Reuters - May 21, 2013 8:01 AM
LONDON, May 21 (Reuters) - Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it.



Vodafone says comfortable with Verizon Wireless status quo
5 hours ago - Reuters - May 21, 2013 8:01 AM
LONDON, May 21 (Reuters) - Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than...



Vodafone says comfortable with Verizon Wireless status quo
5 hours ago - Reuters - May 21, 2013 8:01 AM
LONDON, May 21 (Reuters) - Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it.



RLPC-Norilsk Nickel picks 13 banks for $2 bln loan-sources
5 hours ago - Reuters - May 21, 2013 8:00 AM
LONDON, May 21 (Reuters) - Russia's Norilsk Nickel has chosen 13 lenders to provide a $2 billion loan which would be used to help fund the company's dividend payments, banking sources close to the deal said.



UPDATE 1-Royal Mail profit soars before privatisation
5 hours ago - Reuters - May 21, 2013 7:24 AM
LONDON, May 21 (Reuters) - Britain's Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year.



UPDATE 1-Royal Mail profit soars before privatisation
5 hours ago - Reuters - May 21, 2013 7:24 AM
LONDON, May 21 (Reuters) - Britain's Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year.



UPDATE 1-Royal Mail profit soars before privatisation
5 hours ago - Reuters - May 21, 2013 7:24 AM
LONDON, May 21 (Reuters) - Britain's Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year.



UPDATE 1-Royal Mail profit soars before privatisation
5 hours ago - Reuters - May 21, 2013 7:24 AM
LONDON, May 21 (Reuters) - Britain's Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year.


4

LONDON MARKETS: U.K. Stocks Extend Gains To 12-year High
6 hours ago - Fox Business - May 21, 2013 7:13 AM
U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying after contract news.



UPDATE 2-G4S chief quits after series of embarrassments
6 hours ago - Reuters - May 21, 2013 7:00 AM
LONDON, May 21 (Reuters) - G4S, the world's largest security group, is replacing its chief executive after a series of failures including a staffing fiasco at the 2012 London Olympics culminated in a recent profit warning.



Miners, outsourcers keep Britain's FTSE at 12-year highs
6 hours ago - Reuters - May 21, 2013 6:52 AM
LONDON, May 21 (Reuters) - Rallying miners and a contract win for outsourcing company Capita helped steady the FTSE 100 by midday on Tuesday despite weakness in travel firms after disappointing...


34

Iceland’s post-Crisis economy: A myth or a miracle?
6 hours ago - Naked Capitalism - May 21, 2013 6:32 AM
Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics.When the Global Crisis struck in September 2008, all eyes were on the US (Eichengreen and Baldwin 2008). Iceland, however, was the first country to really su



Manchester United top table for Premier League TV earnings
6 hours ago - Reuters - May 21, 2013 6:30 AM
LONDON, May 21 (Reuters) - Soccer champions Manchester United topped the table for English Premier League television income in 2012-13, raking in almost 61 million pounds ($93 million) in the final year of the current three-year contract, the League



Manchester United top table for Premier League TV earnings
6 hours ago - Reuters - May 21, 2013 6:30 AM
LONDON, May 21 (Reuters) - Soccer champions Manchester United topped the table for English Premier League television income in 2012-13, raking in almost 61 million pounds ($93 million) in the final year of the current three-year contract, the League



Home Depot beats Q1 estimates, raises EPS guidance
6 hours ago - MarketWatch - May 21, 2013 6:22 AM
LONDON (MarketWatch) -- Home Depot Inc.on Tuesday reported an 18.5% rise in first-quarter earnings to $1.2 billion, or 83 cents a share, from $1 billion, or 68 cents a share, in the same quarter last year. Net sales rose 7.4% to $19.1 billion from $1



UPDATE 1-Wealth fund trio to invest $500 mln each in Russia's VTB
7 hours ago - Reuters - May 21, 2013 6:18 AM
LONDON, May 21 (Reuters) - Russia's second-largest bank VTB expects to close its $3.3 billion offering of new shares by the end of the week, with three sovereign wealth funds investing about $500...



Europe stock rally at risk as economy stays weak
7 hours ago - Reuters - May 21, 2013 6:02 AM
LONDON, May 21 (Reuters) - Central bank cash may not be enough to keep European stocks rising beyond the end of the year in the face of the region's weak company and economic performance.



Large depositors not protected in new EU draft law
7 hours ago - MarketWatch - May 21, 2013 6:00 AM
LONDON (MarketWatch) -- European Union lawmakers on Monday voted in favor of a draft law that would protect small bank depositors from losses in further bank rescues, but could see customers with more than 100,000 euros in savings being hurt. The Par


15

LONDON MARKETS: U.K. Stocks Extend Gains To 12-month High
7 hours ago - Fox Business - May 21, 2013 5:25 AM
U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying after contract news.



London Markets: U.K. stocks extend gains to 12-month high
8 hours ago - MarketWatch - May 21, 2013 5:09 AM
U.K.’s benchmark stock index flirts with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day’s losses and Capita PLC rallying after contract news.



Britain's Royal Mail sees profits almost double before privatisation
8 hours ago - Reuters - May 21, 2013 5:00 AM
LONDON, May 21 (Reuters) - Britain's Royal Mail said annual profit had more than doubled on the back of an online shopping boom, providing a timely boost ahead of a stock market listing expected later this year.



Buy-to-let lender Paragon to set up bank next year
8 hours ago - Reuters - May 21, 2013 4:51 AM
LONDON, May 21 (Reuters) - British buy-to-let mortgage lender Paragon plans to set up a bank next year, offering personal and car loans, Chief Executive Nigel Terrington told Reuters on Tuesday.



GLOBAL MARKETS-Dollar firms as Fed suspense builds, shares off highs
8 hours ago - Reuters - May 21, 2013 4:50 AM
* Dollar index firmer, but down from near 3-year high * European shares lower after recent highs * Gold, silver steady By Marc Jones LONDON, May 21 (Reuters) - The dollar edged up, gold steadied and European shares held near five-year highs on Tuesda



GLOBAL MARKETS-Dollar firms as Fed suspense builds, shares off highs
8 hours ago - Reuters - May 21, 2013 4:50 AM
* Dollar index firmer, but down from near 3-year high * European shares lower after recent highs * Gold, silver steady By Marc Jones LONDON, May 21 (Reuters) - The dollar edged up, gold steadied and...



GLOBAL MARKETS-Dollar firms as Fed suspense builds, shares off highs
8 hours ago - Reuters - May 21, 2013 4:50 AM
* Dollar index firmer, but down from near 3-year high * European shares lower after recent highs * Gold, silver steady By Marc Jones LONDON, May 21 (Reuters) - The dollar edged up, gold steadied and European shares held near five-year highs on Tuesda



Vodafone keeps Verizon payout after European weakness
8 hours ago - Reuters - May 21, 2013 4:35 AM
LONDON (Reuters) - Vodafone posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe.



Emirates NBD markets Tier 1 perp NC6 at low 6%
8 hours ago - Reuters - May 21, 2013 4:32 AM
LONDON, May 21 (IFR) - UAE lender Emirates NBD has begun marketing a Tier 1 perpetual non-call six year bond at low 6% on Tuesday, according to a source and lead manager.



Qatar, Norway, Azerbaijan to each get about $500 mln of VTB shares -CEO
8 hours ago - Reuters - May 21, 2013 4:27 AM
LONDON, May 21 (Reuters) - The sovereign wealth funds of Qatar, Norway and Azerbaijan will each get about $500 million of the new shares being issued by VTB, the Russian bank's chief executive Andrei Kostin said on Tuesday.



Qatar, Norway, Azerbaijan to each get about $500 mln of VTB shares -CEO
8 hours ago - Reuters - May 21, 2013 4:27 AM
LONDON, May 21 (Reuters) - The sovereign wealth funds of Qatar, Norway and Azerbaijan will each get about $500 million of the new shares being issued by VTB, the Russian bank's chief executive Andrei Kostin said on Tuesday.


9

Buckles bows out from G4S
8 hours ago - FT - May 21, 2013 4:20 AM
The chief of one of the world’s biggest security companies is to retire after 28 years in the industry, and following the London Olympics ‘shambles’



Vodafone keeps Verizon payout after European weakness
8 hours ago - Reuters - May 21, 2013 4:20 AM
LONDON (Reuters) - Vodafone posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe.



UPDATE 2-Vodafone keeps Verizon payout after European weakness
9 hours ago - Reuters - May 21, 2013 4:14 AM
LONDON, May 21 (Reuters) - Vodafone posted the largest ever fall in its main revenue measure on Tuesday, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe.



European shares fall from multi-year highs, Sonova slumps
9 hours ago - Reuters - May 21, 2013 4:07 AM
LONDON, May 21 (Reuters) - European shares fell from multi-year highs on Tuesday, with the UK market having hit a near 13-year peak this week, as concerns over a possible end to central bank stimulus measures halted the region's equity rally.



European shares fall from multi-year highs, Sonova slumps
9 hours ago - Reuters - May 21, 2013 4:07 AM
LONDON, May 21 (Reuters) - European shares fell from multi-year highs on Tuesday, with the UK market having hit a near 13-year peak this week, as concerns over a possible end to central bank stimulus measures halted the region's equity rally.



European shares fall from multi-year highs, Sonova slumps
9 hours ago - Reuters - May 21, 2013 4:07 AM
LONDON, May 21 (Reuters) - European shares fell from multi-year highs on Tuesday, with the UK market having hit a near 13-year peak this week, as concerns over a possible end to central bank stimulus...