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ENRC proposes 'quarantine' for foreign firms eyeing UK listing

LONDON (Reuters) - Britain should consider introducing a "quarantine" period for foreign companies seeking to list in the country to allow them time to adapt to the tougher scrutiny of London's main market, Kazakh miner ENRC told UK parliamentarians. ENRC floated in London in late 2007 and is now set to delist after a buyout by its founders, but its years as a FTSE 100 heavyweight have been marred by acrimonious boardroom rows, corruption investigations and a poorly timed acquisition spree.

Miner ENRC wages battle over leaks as London departure nears

LONDON (Reuters) - Kazakh miner ENRC <ENRC.L> is pressing ahead with its battle against a former board member whom it accuses of orchestrating damaging leaks, handing a London court what it says are transcripts of conversations detailing sensitive information.

European stocks slump further on China, Fed fears

Europe's main stock markets slumped further on Monday, hit by concern over the emergence of a liquidity crisis in China and the withdrawal of US Federal Reserve stimulus, dealers said. London's FTSE 100 index of leading shares shed 1.42 percent to 6,029.10 points, while Frankfurt's DAX 30 fell 1.24 percent to 7,692.45 points, while in Paris the CAC 40 dropped 1.71 percent to 3,595.63 points.

European stocks slump further on Fed fears

Europe's main stock markets slumped further on Monday, hit by concern over the withdrawal of US Federal Reserve stimulus and the emergence of a liquidity crisis in China, dealers said. London's benchmark FTSE 100 index sank 1.30 percent to 6,036.77 points in afternoon deals, Frankfurt's DAX 30 shed 1.23 percent to 7,693.43 points and in Paris the CAC 40 lost 1.55 percent to 3,601.50 points.

European stocks fall further on Fed fears

Europe's main stock markets sank further on Monday, hit by concern over the withdrawal of US Federal Reserve stimulus and the emergence of a liquidity crisis in China, dealers said. London's benchmark FTSE 100 index sank 0.79 percent to 6,067.49 points in late morning deals, Frankfurt's DAX 30 shed 0.94 percent to 7,716.61 points and in Paris the CAC 40 lost 2.0 percent, falling below 3,600 points.

European stocks fall further on Fed fears

Europe's main stock markets sank further on Monday, hit by concern over the withdrawal of US Federal Reserve stimulus and the emergence of a liquidity crisis in China, dealers said. London's benchmark FTSE 100 index sank 0.79 percent to 6,067.49 points in late morning deals, Frankfurt's DAX 30 shed 0.94 percent to 7,716.61 points and in Paris the CAC 40 lost 1.42 percent to 3,606.11.

Miner ENRC rejects £3.0-bn bid by Kazakh consortium

Mining giant Eurasian Natural Resources Corp rejected on Monday a £3.04-billion ($4.67-billion) takeover offer from a consortium comprising the Kazakh government and the founders of ENRC. Eurasian Resources Group, a newly-formed consortium, said in a statement that it had offered to buy ENRC after rival miner Kazakhmys agreed to sell its 26-percent stake. The bid was worth the equivalent of 3.57 billion euros but ENRC, which operates in Asia, Africa and Latin America, said that this was not enough.

Britain's FTSE hits five-and-a-half month low as China fears weigh

By Alistair Smout LONDON (Reuters) - Britain's top share index slipped to a 5-1/2 month low on Monday, as worries about China's credit markets hit the mining sector and prolonged a recent losing streak. At 7.02 a.m. ET, the blue-chip FTSE 100 index <.FTSE> was down 67.45 points, or 1.1 percent, at 6,048.72 points after falling to 6,045.81, the lowest since early January.

FTSE edges down, awaits U.S. stimulus clues

By David Brett LONDON (Reuters) - Britain's FTSE 100 weakened early on Wednesday after hitting 13-year highs in the previous session, as investors looked for further clues from the U.S. Federal Reserve over the outlook for its stimulus measures. London's blue chip index <.FTSE> fell 16.89 points, or 0.3 percent to 6,786.98 at 4.07 a.m. ET.

UK prosecutors open formal probe into miner ENRC

LONDON (Reuters) - The Serious Fraud Office has begun a formal investigation into allegations of fraud, bribery and corruption at Kazakh miner ENRC <ENRC.L>, following months of talks between the two sides and two internal inquiries. The formal probe, announced by London-listed ENRC and confirmed by the SFO, comes as the company faces a potential buyout bid from its three co-founders and the Kazakh government. ENRC said it was cooperating with the SFO.
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