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FTSE 100 dips but logs weekly gain on rate cut bets

UPDATE 1-FTSE 100 dips but logs weekly gain on rate cut bets FTSE 100 down 0.3%; FTSE 250 up 0.2% British retail sales up 0.3% for September Updated at 1558 GMT By Pranav Kashyap and Nikhil Sharma Oct 18 (Reuters) - The UK's FTSE 100 ended lower on Friday, weighed down by British American Tobacco following its settlement to end a tobacco lawsuit in Canada, but the blue-chip index logged weekly gains in anticipation of a UK rate cut next month.
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Canada - Oct 18

PRESS DIGEST-Canada - Oct 18 Oct 18 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL Tobacco companies JTI-Macdonald Corp., Rothmans, Benson & Hedges Inc., and Imperial Tobacco Canada are set to pay $32.5 billion to settle legal claims.
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Europe's STOXX 600 rises on tech rebound, set for weekly gains

UPDATE 1-Europe's STOXX 600 rises on tech rebound, set for weekly gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Luxury stocks boost France's CAC 40 Elisa slumps on unexpected Q3 revenue fall Intrum seeks US bankruptcy protection STOXX 600 up 0.3% Updated at 0840 GMT By Paolo Laudani and Ankika Biswas Oct 18 (Reuters) - Europe's STOXX 600 climbed on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while th
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Big Tobacco nears $24 billion settlement to end Canada lawsuits

UPDATE 4-Big Tobacco nears $24 billion settlement to end Canada lawsuits Philip Morris says allocation of settlement amount between companies unresolved BAT says unit supportive of settlement framework, structure Japan Tobacco says some issues need to be resolved for workable settlement plan Adds comment from health law expert in paragraphs 2, 14-16 Oct 18 (Reuters) - Philip Morris PM.N , British American Tobacco BATS.L , and Japan Tobacco 2914.T will pay C$32.5 billion ($23.6 billion) to settle
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Court mediator proposes $23.6 bln settlement by Philip Morris, BAT and JTI units in Canada

Court mediator proposes $23.6 bln settlement by Philip Morris, BAT and JTI units in Canada Oct 18 (Reuters) - Philip Morris PM.N said on Friday that a Canadian court-appointed mediator has proposed a plan to end the tobacco litigation, involving a payment of C$32.5 billion ($23.56 billion) by its unit Rothmans, Benson & Hedges Inc and the Canadian units of British American Tobacco BATS.L and Japan Tobacco 2914.T .
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European shares headed for weekly gains after ECB rate cut

European shares headed for weekly gains after ECB rate cut For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 18 (Reuters) - European shares opened muted on Friday, after the European Central Bank's latest rate cut and upbeat earnings prompted strong gains in the previous session, with the main stocks gauge headed for a second weekly rise.
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British American Tobacco bottoms FTSE 100 on Canada litigation update

BUZZ-British American Tobacco bottoms FTSE 100 on Canada litigation update ** Shares of British American Tobacco BATS.L down 1.43% at 2,689p, top loser on FTSE 100 index .FTSE ** Co says it has filed a plan in Canadian court to potentially resolve and settle its Canadian unit's tobacco litigation ** No details of the plan were disclosed ** BAT's un
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BAT says close to settling Canadian tobacco litigation

BAT says close to settling Canadian tobacco litigation Oct 18 (Reuters) - British American Tobacco BATS.L said on Friday a plan has been filed in a Canadian court to potentially resolve and settle its Canadian subsidiary's tobacco litigation in the country, more than five years after the unit filed for bankruptcy protection. BAT's unit Imperial Tobacco Canada (ITCAN) has been under a court supervised mediation process negotiating a possible settlement of all its outstanding tobacco litigation in
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UK Stocks-Factors to watch on Oct 18

UPDATE 1-UK Stocks-Factors to watch on Oct 18 Adds new items, updates futures Oct 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.6%. * EVOKE: British betting and gaming firm Evoke EVOK.L reported a 3% growth in third-quarter group revenue, helped by market share gains in its key international markets, and reaffirmed its expectations for the next fiscal year.
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BAT's Unit Settles All Outstanding Tobacco Litigations In Canada

BRIEF-BAT's Unit Settles All Outstanding Tobacco Litigations In Canada Oct 18 (Reuters) - British American Tobacco PLC BATS.L : BRITISH AMER.TOBACCO - CANADA - CCAA UPDATE BAT: ITCAN HAS SINCE BEEN NEGOTIATING A POSSIBLE SETTLEMENT OF ALL OF ITS OUTSTANDING TOBACCO LITIGATION IN CANADA BAT: NOW NOTES COURT-APPOINTED MEDIATOR'S AND MONITOR'S PLAN OF
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UK Stocks-Factors to watch on Oct 18

UK Stocks-Factors to watch on Oct 18 Oct 18 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.40%. * BRITISH AMERICAN TOBACCO: British American Tobacco BATS.L will launch a version of its Velo nicotine pouches using synthetic nicotine in the United States, David Waterfield, president of the company's U.S.
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British American Tobacco to launch synthetic nicotine pouches

UPDATE 2-British American Tobacco to launch synthetic nicotine pouches Adds FDA comment on pending application, enforcement in paragraph 10 LONDON, Oct 16 (Reuters) - British American Tobacco (BAT) BATS.L will launch a version of its Velo nicotine pouches using synthetic nicotine in the United States, David Waterfield, president of the company's U.S.
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British American Tobacco to launch synthetic nicotine pouches

CORRECTED-UPDATE 1-British American Tobacco to launch synthetic nicotine pouches Corrects paragraph 9 to clarify comment is from Waterfield LONDON, Oct 16 (Reuters) - British American Tobacco (BAT) BATS.L will launch a version of its Velo nicotine pouches using synthetic nicotine in the United States, David Waterfield, president of the company's U.S.
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UK Stocks-Factors to watch on Oct 16

UK Stocks-Factors to watch on Oct 16 Oct 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.09%. * GSK: British drugmaker GlaxoSmithKline GSK.L sued Moderna MRNA.O in U.S. federal court in Delaware on Tuesday, accusing it of violating GSK patent rights in messenger RNA technology with its blockbuster COVID-19 vaccine Spikevax and RSV shot mResvia.
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British American Tobacco Says On Track For Full-Year 2024 Guidance

BRIEF-British American Tobacco Says On Track For Full-Year 2024 Guidance Oct 15 (Reuters) - British American Tobacco PLC BATS.L : BAT: ON TRACK FOR FULL-YEAR 2024 GUIDANCE BAT - EXPECTS 3-5% ORGANIC REVENUE GROWTH, & MID-SINGLE FIGURE ADJUSTED PROFIT FROM OPERATIONS GROWTH, ON ORGANIC, CONSTANT CURRENCY BASIS BY 2026 Source text for Eikon: ID:nRSO2
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European shares mostly higher, UK gambling names tumble

LIVE MARKETS-European shares mostly higher, UK gambling names tumble STOXX 600 up 0.2% Aerospace and Defense leads UK gambling names fall Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN SHARES MOSTLY HIGHER, UK GAMBLING NAMES TUMBLE Major European bourses are edging higher on Monday as investors looked ahead to key events this week, including the E
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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Brookfield to buy Tritax EuroBox for $1.44 bln, sparking potential takeover battle

UPDATE 4-Brookfield to buy Tritax EuroBox for $1.44 bln, sparking potential takeover battle Tritax EuroBox to withdraw support for Segro offer Brookfield's offer values Tritax at 69 pence apiece Tritax EuroBox shares rise 2.2% after Brookfield bid Adds Segro's response in paragraph 4, updates share moves in paragraph 5 By Shanima A and Tommy Reggiori Wilkes Oct 10 (Reuters) - Canada's Brookfield Asset Management BAM.TO will buy European logistics real estate firm Tritax EuroBox EBOX.L , the comp
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Dominating US cigarette sales, a combined 7-Eleven, Circle K would face risk from vapes, cheap smokes

ANALYSIS-Dominating US cigarette sales, a combined 7-Eleven, Circle K would face risk from vapes, cheap smokes Circle K, 7-Eleven are the two top U.S. convenience store chains by store count Combined, they may be able to leverage size to cut prices on tobacco, nicotine products Threats to tobacco revenues like deep discount cigarettes, vapes remain U.S.
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Nobel prize in physics goes to machine learning pioneers Hopfield and Hinton

UPDATE 6-Nobel prize in physics goes to machine learning pioneers Hopfield and Hinton Prize awarded for work laying foundation for machine learning Hinton quit Google last year to speak more freely about dangers of AI Princeton professor Hopfield created an associative memory that can store and reconstruct images Physics second award in this year's Nobel line-up Prizes announced through course of week Adds comments from Hopfield in paragraphs 7-9 By Niklas Pollard and Johan Ahlander STOCKHOLM, O
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