Uk Stocks-factors To Watch On Wednesday, Sept. 25

6. They both fervently proclaimed their innocence. Now, Scottish-born Reid and Northern Irish McCollum both 20 years old have changed course, admitting their guilt in a private hearing at a Lima men’s jail, apparently after receiving advice fromtheir lawyer, according to The Irish Independent. “I understand that the (judicial) process will be simpler if we both plead guilty,” said McCollum to the Independent on Tuesday. “We are hoping that we will not have to wait too long before we are sentenced and pleading guilty will speed things up,” she added. It’s likely they will both be sentenced to a minimum of six years and eight months in jail at a new hearing, scheduled for Oct. 1, according to the Associated Press , and there is no chance they will be permitted to serve out their sentence in their home countries. The women had initially claimed they were threatened into carrying the drugs, although investigation hasn’t found truth to these claims, said the BBC. More than 140 drug “mules” have been arrested at the Lima airport so far this year. Art Basel gathers works from around the world for its annual shows. Photo Jaume Plensa’s “Tel Aviv Man” at Art Basel, the worlds premier trade fair for leading galleries and collectors focused on modern and contemporary art. – [/] Photo The front of the Art Basel building. This years show attracted 303 of the worlds top galleries from 36 countries, showing the works of more than 2,500 artists. It drew more than 62,000 visitors, a new record. – [/] Photo Platform Gallery’s Chen Wei and one of his “Recovery Room” series at Liste Young Artist’s show. By the time the week was over he had sold more than 10 works, with prices ranging from $1,800 to nearly $3,000. – [/] A performance spectator admires some of the pieces at Basel Art. – [/] Photo A performance piece at Basel Scope, done by an unidentified nearly naked man who moved in slow motion up and down the aisles dressed like a Greek version of Mars, the god of war.

UK women in Peru drug smuggling plot plead guilty (VIDEO)

25 Markets LONDON, Sept 25 | Wed Sep 25, 2013 1:48am EDT LONDON, Sept 25 (Reuters) – Britain’s FTSE 100 index is seen opening flat to 8 points lower on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on * U.S. Senate Republicans on Tuesday appeared to fall in line with their leaders who want to pass an emergency spending bill by Sept. 30 and avoid government shutdowns, even if it means failing in a drive to destroy “Obamacare.” * Worries over a possible U.S. government shutdown pushed Wall Street lower overnight. Japan’s Nikkei eased for a second day. * The UK blue chip index closed up 14.1 points, or 0.2 percent, at 6,571.46 points on Tuesday. * Ex-dividends are set to take around 1.7 points off the FTSE 100 on Wednesday, with Centrica, Old Mutual and RSA all trading without entitlement to the latest payout. * BHP BILLITON – The world’s biggest mining company on Wednesday said global commodities markets were being undermined by rising supplies of raw materials and warned the outlook for steel demand in Asia was expected to moderate. * ANGLO AMERICAN – The global miner is pleased with progress at an iron ore terminal at LLX’S Port of Acu near Rio de Janeiro, the company’s CEO Mark Cutifani said on Tuesday. * CENTRICA – Britain’s biggest energy supplier has claimed it could not “continue to operate” if Labour’s price freeze were implemented while costs are rising, the Daily Telegraph reports. * HSBC – The bank that was fined a record $1.9 billion after an investigation into money laundering for terrorists and Mexican drug dealers, is to take on 3,000 more compliance officers, according to The Times. TODAY’S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134(Reporting By Toni Vorobyova, editing by Atul Prakash)

U.S., UK to fine ICAP, charge staff over Libor scam

Brokers such as ICAP, which match buyers and sellers of bonds, currencies and swaps, have faced allegations that their employees actively colluded with traders seeking to fix rates for personal gain – and were handsomely rewarded. Banks and brokers have fired, suspended or placed a number of employees on administrative leave in an effort to prove their houses are now clean – though Deutsche Bank has been forced to reinstate four traders after they won a wrongful dismissal case in Germany two weeks ago. It remains unclear which ICAP-related staff will be charged. The company confirmed only that it had suspended one employee and placed three others on administrative leave months ago. But, almost five years since the world’s financial system buckled and taxpayers footed the bill for big bank bailouts, few banks or bankers have faced sanctions. Three banks – Britain’s Barclays and RBS and Switzerland’s UBS – have paid around $2.6 billion to date to secure civil settlements for rate rigging with UK and U.S. regulators. Britain’s Serious Fraud Office (SFO) has leveled criminal charges at three relatively low-level individuals and U.S. prosecutors have charged two. Both have charged Briton Tom Hayes, a former UBS and Citigroup trader, who once complained in a text message to the Wall Street Journal: “This goes much higher than me.” The cash-strapped SFO has said it hopes to charge more individuals over Libor rate rigging this autumn as it tries to reassure critics it will not hesitate to pursue senior industry figures or even institutions. But it only began investigating the Libor scandal some two years after the Department of Justice, and in its efforts to make its mark on the inquiry ruffled U.S.

eBay launches click and collect for UK retailers, one-hour deliveries in London

eBay announces TKTK, partnering with in TK stores in the UK

For those merchants that don’t have a physical presence, a collaboration with British store Argos will mean they can deliver items through the chain’s infrastructure, offering another delivery channel. Initially Wenig advises that 150 Argos stores will have an “eBay collection point” with more locations likely to follow. There’s no word so far on costs to the seller (or buyer), but when you simply just gotta have it … Update: Oh, and just like that, if collect in store wasn’t convenient enough, Wenig has just announced that eBay now, its one hour delivery service will be coming to Europe, starting in London early next year. Show full PR text New service enables eBay sellers to offer collection at Argos eBay and Argos trial national service offering Click & Collect opportunity to eBay merchants London, 24th September 2013. eBay, one of the world’s largest online marketplaces and Argos, the UK’s leading general merchandise retailer, have joined forces to offer a Click & Collect service, enabling shoppers to purchase products from selected eBay merchants and pick them up at Argos stores throughout the UK. eBay’s marketplace and Argos’ store network make a powerful and unique combination – a first for the UK. At least 50 eBay merchants will participate in this trial, enabling a wide range of merchandise to be readily available for collection by customers from around 150 Argos stores in primary locations nationally. As shoppers continue to use digital channels and demand a variety of convenient fulfilment methods for their orders, Click & Collect is expected to grow significantly in the UK. According to the Econsultancy Online Shopping Survey, 40% of UK shoppers used some form of Click & Collect service over Christmas 2012. This trial delivers what shoppers want: choice, convenience and speed the opportunity to shop anytime, anywhere, on any device. Customers want to feel inspired by the product on offer; engage in the shopping experience; feel reassured that their transaction is secure and that their purchase will be delivered on time to a location convenient to them.