U.K. Natural Gas Falls for a Third Day on Forecast of Fuel Supply Surplus

(Bloomberg) -- U.K. natural-gas prices fell for a
third day amid forecasts that supplies will exceed demand.
Electricity prices rose.

Gas for same-day delivery declined as much as 2.10 pence, or
6.8 percent, to 28.70 pence a therm, according to prices on
Bloomberg from the broker Spectron Group Plc. It traded at 28.90
pence at 9:04 a.m. London time. That's equivalent to $5.9 a million
British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

U.K. FTSE 100 Index Pares Losses; Paced by SABMiller, Vodafone Group

(Bloomberg) -- U.K. stocks pared losses, paced by
SABMiller Plc and Vodafone Group Plc.

The benchmark FTSE 100 Index lost 2.3, or 0.1 percent, to
6496.4 at 9:59 a.m. in London. The measure earlier dropped as
much as 0.6 percent. The FTSE All-Share Index slid 5.07, or 0.2
percent, to 3354.87. Ireland's ISEQ Index dropped 92.66 to
8737.01.


Read more at Bloomberg Stocks News

India's Infosys says to make announcement 1000 GMT

(Reuters) - Media reports earlier said Nasdaq-listed Infosys
may announce an acquisition in Europe in the back-office
services segment.




Read more at Reuters.com Mergers News

European stocks at 1-month low on US worries

(Reuters) - European stocks fell across-the-board in early trade on Wednesday, tracking sharp losses on Wall Street, as equities were hit by renewed worries about the U.S. economy, while some earnings also disappointed.

By 0715 GMT, the pan-European FTSEurofirst 300 index was down 0.3 percent at 1,581.6 after falling to its lowest since June 27. The index lost 1.5 percent on Tuesday.


Read more at Reuters Africa

CEZ, Terna, Sparebanken, Kommunekredit to Sell Debt: European Bond Alert

(Bloomberg) -- Network Rail Ltd., the government-
backed owner of Britain's railways, is among borrowers seeking to
raise the equivalent of at least 3.5 billion euros ($4.8 billion)
from sales of bonds in euros and pounds, according to data
compiled by Bloomberg.

Companies sold the equivalent of $1.04 trillion of bonds
denominated in euros and pounds so far this year, up from $844
billion in the same period in 2006.


Read more at Bloomberg Bonds News

Luxury group Hermes warns on profits, cites Japan

(Reuters) - By Nick Antonovics



PARIS, July 25 - French luxury goods group Hermes International warned on Wednesday that full year profits would fall short of forecasts, citing a slowdown in Japan and unfavourable currency movements.


Read more at Reuters.com Market News

Yen Climbs to Four-Week High Against Euro; Stock Drop Spurs Risk Aversion

(Bloomberg) -- The yen climbed to four-week high
against the euro as a slump in global stocks prompted traders to
pare investments in higher-yielding assets funded by borrowing
the currency.

The Japanese yen also headed for a fourth day of gains
against the dollar, matching this year's longest rally, after
declines in emerging-market, corporate and mortgage-backed debt.
The currency has rebounded 3.2 percent from a 4 1/2-year low on
June 22. It advanced the most against the British pound as
confidence in so-called carry trades waned.


Read more at Bloomberg Currencies News