AO World founder steps down as CEO

LONDON, Feb 22 (Reuters) - AO World, the British

online electricals retailer, said on Wednesday its founder John

Roberts had stepped down as chief executive but would remain on

the board in a new executive role.

Read more

UPDATE 4-Saudi Aramco recruits JPMorgan, M.Stanley for IPO, HSBC a contender -source

* Saudi authorities aiming to list up to 5 pct of Aramco

(Adds China's ICBCI, CICC pitching for deal)

Read more

Deutsche Boerse, LSE plan further concession for EU merger approval - sources

Feb 21 (Reuters) - Deutsche Boerse AG and the

London Stock Exchange Group Plc are planning further

concessions to satisfy the European Commission's concerns about

their planned merger, two sources familiar with the matter said

on Tuesday.

Read more

Saudi Aramco selects lead underwriters for $100 bln IPO -WSJ

Feb 21 (Reuters) - Oil giant Saudi Aramco has

selected JPMorgan Chase & Co, Morgan Stanley, and

HSBC Holdings Plc as lead underwriters on the firm's

planned initial public share offering, the Wall Street Journal

reported on Tuesday, citing people familiar with the matter. (http://on.wsj.com/2lkNzAA)

Read more

UPDATE 1-UK sells inflation-linked bond at record-low yield via syndication

(Adds reaction, market moves)

By Andy Bruce

LONDON, Feb 21 (Reuters) - Britain raised 4.5 billion pounds

($5.6 billion) on Tuesday through the sale of a 50-year

inflation-linked bond that offered the lowest-ever

inflation-adjusted return for a British government bond sold via

a syndicate of banks.

British financial markets' inflation expectations hit their

highest level in several years at the start of the month, and

although they are now off their peak, investors are still

willing

Read more

UK DMO says 2065 linker sale via syndication well-received by investors

LONDON, Feb 21 (Reuters) - The head of Britain's Debt

Management Office said Tuesday's sale via syndication of a 2065

index-linked gilt was well-received by investors,

with domestic buyers accounting for around 90 percent of demand.

Read more

Bank of England hires lead managers for 2017's 3-year USD bond

LONDON, Feb 21 (Reuters) - The Bank of England said on

Tuesday that it had hired Citi, Goldman Sachs, HSBC

and Merrill Lynch to act as lead managers for a

three-year U.S. dollar bond issue.

Read more

UK sells 2.0 bln stg of 2065 linker via syndication - bookrunner

LONDON, Feb 21 (Reuters) - Britain has sold 2 billion pounds

($2.5 billion) of an inflation-linked government bond maturing

in 2065 after attracting orders of more than 11.9 billion pounds

in a syndicated sale, a bookrunner on the deal said on Tuesday.

Read more

Saudi favors New York for Aramco IPO, also considers Toronto, London -WSJ

Feb 20 (Reuters) - Saudi Arabia is favoring New York to list

state oil giant Saudi Aramco , while also

considering London and Toronto for the prospect of floating the

firm, the Wall Street Journal reported on Monday.

Read more

Value of state-owned Allied Irish fell by 7 percent last year

DUBLIN, Feb 20 (Reuters) - The value of Ireland's 99.9

percent stake in Allied Irish Banks (AIB) fell 7

percent to 11.3 billion euros ($12 billion) during 2016, the

state's strategic investment fund said on Monday ahead of a

possible share sale.

Read more

Snap arrives in London to woo sceptical investors ahead of IPO

LONDON, Feb 20 (Reuters) - Snap Inc, owner of popular

messaging app Snapchat, kicked off its first investor roadshow

on Monday, looking to persuade London money managers to back its

initial public offering in the face of concerns about its growth

prospects, valuation and corporate governance.

Read more

BRIEF-Ebioss says its 51 percent unit Eqtec completes share issue worth GBP 0.5 million

* Says its 51 percent unit in UK Eqtec completes

share issue worth GBP 0.5 million ($621,350)

Read more

Domestic banks lose ground in France's AFT debt agency rankings

By Maya Nikolaeva

PARIS, Feb 17 (Reuters) - French banks lost ground in the

2016 ranking of the most active financial institutions on

primary and secondary government debt markets, according to

public debt management agency Agence France Tresor (AFT).

Banks in Europe have retreated from primary dealing in

government bonds, saying regulatory constraints are adding to

the costs involved.

BNP Paribas held on to top place in 2016 but lost

ground to HSBC and JP Morgan in the primary a

Read more

TREASURIES-Yields jump on surging consumer price inflation

(Adds details on data, quotes, updates prices)

* Consumer prices post largest gain in 4 years

* Chances of Fed rate increase in March seen increasing

* Goldman, JPMorgan bring forward hike expectations

By Karen Brettell

NEW YORK, Feb 15 (Reuters) - Benchmark U.S. Treasury yields

rose to 2-1/2-week highs on Wednesday after data showing surging

consumer price inflation in January bolstered expectations that

the Federal Reserve is closer to raising interest rates.

The La

Read more

TREASURIES-Yields jump after data shows surging consumer prices

* CPI shows largest gain in 4 years

* Two-year yields highest since Dec. 28

* Yellen to testify to lawmakers

By Karen Brettell

NEW YORK, Feb 15 (Reuters) - Benchmark U.S. Treasury yields

rose to two-and-a-half week highs on Wednesday after data showed

a jump in consumer prices in January, bolstering expectations

that the Federal Reserve is closer to raising interest rates.

The Labor Department said the Consumer Price Index jumped

0.6 percent last month after gaining 0.3 perc

Read more

TREASURIES-Yields rise as Yellen warns about delaying rate hike

(Adds details on Fed expectations, quotes, updates prices)

* Yellen gives hawkish testimony before Senate

* 10-year yields highest in more than a week

By Karen Brettell

NEW YORK, Feb 14 (Reuters) - U.S. Treasury yields jumped on

Tuesday after Federal Reserve Chair Janet Yellen said it would

be unwise to wait too long to raise interest rates, striking a

more hawkish tone than investors expected.

The U.S. central bank will likely need to raise rates at an

upcoming meeting,

Read more

TREASURIES-Yields rise as Yellen warns about delaying rate hike

(Recasts with Yellen testimony)

* Yellen gives hawkish testimony before Senate

* 10-year yields highest in more than a week

By Karen Brettell

NEW YORK, Feb 14 (Reuters) - U.S. Treasury yields jumped on

Tuesday after Federal Reserve Chair Janet Yellen said it would

be unwise to wait too long to raise interest rates, striking a

more hawkish tone than investors expected.

The U.S. central bank will likely need to raise rates at an

upcoming meeting, Fed Chair Janet Yellen said

Read more

TREASURIES-Bonds steady before Yellen testimony

* Yellen to testify before Senate

* Producer prices rise more than expected

By Karen Brettell

NEW YORK, Feb 14 (Reuters) - U.S. Treasuries were steady on

Tuesday as investors awaited testimony by Federal Reserve Chair

Janet Yellen for any new indication on when the U.S. central

bank is likely to next raise interest rates.

Yellen gives her semiannual Humphrey Hawkins testimony

before lawmakers in Washington on Tuesday and Wednesday.

Investors reduced expectations of a rate hi

Read more

BRIEF-gategroup successfully raised CHF 300 mln by issuing 5-yr senior bond

* Successfully raised 300 million Swiss francs ($298.86 million) through issuance of a fixed

rate 5-year senior bond with a final maturity on Feb. 28, 2022

Read more

Chinese panda bond sales to rise again in 2017 after 2016 jump -JPM

LONDON, Feb 14 (Reuters) - Sales of panda bonds -

yuan-denominated debt sold in China by foreign firms or

governments - soared to 130 billion yuan ($19 billion) last year

and could increase another 50 percent in 2017, according to

JPMorgan data.

Read more

TREASURIES-Yields rise as traders await Yellen testimony

(Adds quote, updates prices)

* Yellen testifies to lawmakers on Tuesday and Wednesday

* Stock market highs put pressure on bonds

* Economic data this week includes inflation, retail sales

By Karen Brettell

NEW YORK, Feb 13 (Reuters) - U.S. Treasury yields rose on

Monday as investors looked ahead to testimony by Federal Reserve

Chair Janet Yellen on Tuesday and Wednesday and as record high

stock markets reduced demand for bonds.

Investors will be watching for any new i

Read more

Virgin Media bond exchange leaves dollar holders out in the cold

LONDON, Feb 13 (IFR) - Virgin Media is looking to exploit

weak covenants in legacy bonds to carry out an exchange on

sterling notes that will also impose covenant changes on dollar

bondholders.

Read more

TREASURIES-Yields rise as traders await Yellen testimony

* Yellen testifies to lawmakers on Tuesday and Wednesday

* Economic data this week includes inflation, retail sales

* Weaker yen seen adding to pressure on bonds

By Karen Brettell

NEW YORK, Feb 13 (Reuters) - U.S. Treasury yields rose on

Monday as investors looked ahead to testimony by Federal Reserve

Chair Janet Yellen on Tuesday and Wednesday and waited on a busy

week of economic data.

Investors will be watching for any new indications of when

the U.S. central bank will ne

Read more

South Africa's Sibanye secures $2.65 billion finance for Stillwater deal

JOHANNESBURG, Feb 13 (Reuters) - Sibanye Gold Ltd

has secured a loan of $2.65 billion to support the acquisition

of Stillwater Mining Company, the only U.S. miner of platinum

and palladium, the South African company said on Monday.

Read more

Corporate credit risks repricing as French investors pull back

LONDON, Feb 10 (IFR) - French investors scaled back their

bids for corporate paper this week as mounting concerns over

political risk and poor valuations began to weigh.

Read more

UPDATE 1-Britain's Co-operative bank puts itself up for sale

LONDON, Feb 13 (Reuters) - Britain's Co-operative Bank

, rescued from the brink of collapse by a group of hedge

funds in 2013, has put itself up for sale as it seeks to build

up its capital to meet regulatory requirements.

Read more

UK DMO appoints four banks as bookrunners for 2065 index-linked gilt sale

LONDON, Feb 10 (Reuters) - The UK Debt Management Office

appointed four banks to be joint bookrunners on the syndicated

reopening of the 0.125 percent index-linked gilt maturing in

2065, which is scheduled to take place in the week starting Feb.

20.

Read more

REFILE-UPDATE 3-Co-owner of Russia's Rusal considers share sale -sources

MOSCOW, Feb 9 (Reuters) - Onexim Group, which manages the

assets of Russian tycoon Mikhail Prokhorov, is considering

selling some of its 17 percent stake in Russian aluminium giant

Rusal, two banking sources and two industry sources

told Reuters on Thursday.

Read more

Ryanair to land new bond despite Brexit headwinds

LONDON, Feb 8 (IFR) - Ryanair capitalised on favourable

rates to raise 750m in the bond market on Wednesday after CEO

Michael O'Leary announced profit losses and a challenged outlook

ahead of Brexit.

Read more

BRIEF-Aker Solutions signs 2 engineering framework contracts with BP

* Aker Solutions secures two global engineering framework

accords from BP

Read more

UPDATE 2-Investors tiptoe back into Russia in toystore IPO

* Values Russia's biggest toy retailer at 62.8 bln roubles

(Changes source, adds details, banker and fund manager

comments)

Read more

Moelis chosen as an adviser for Saudi Aramco IPO - source

Feb 7 (Reuters) - Independent investment bank Moelis & Co

was chosen as an adviser for the planned initial public

offering of Saudi Aramco on Tuesday, a source familiar with the

matter told Reuters.

Read more

Canadian oil company Eco Atlantic to list in London on Wednesday

LONDON, Feb 7 (Reuters) - Eco Atlantic Oil & Gas, a Canadian

oil explorer, will list on London's junior AIM market on

Wednesday, raising 4.8 million pounds ($6 million) to help

finance a drilling campaign offshore Guyana with partner Tullow

Oil.

Read more

Sibanye looking for another South African asset

CAPE TOWN, Feb 6 (Reuters) - Sibanye Gold is

hunting for another South African platinum asset with a focus on

smelting and refining, but a deal is unlikely this year as its

seeks to fund its acquisition of U.S. producer Stillwater

, its CEO said on Monday.

Read more

TREASURIES-Yield curve steepens as wage data points to low inflation

(Adds quotes, data, Fed speakers, updates prices)

* Fed's Williams hawkish on inflation, rate hikes

* Tepid wage growth eases inflation concerns

* Treasury to sell $62 bln new issues next week

By Karen Brettell

NEW YORK, Feb 3 (Reuters) - The U.S. Treasury yield curve

was the steepest in one-and-a-half months on Friday after the

jobs report for January showed disappointing wage growth,

indicating inflation is not rising at a pace that would lead the

Federal Reserve to rai

Read more

TREASURIES-Yields fall as tepid wage growth points to low inflation

* Tepid wage growth eases inflation concerns

* Bonds rally after jobs report

By Karen Brettell

NEW YORK, Feb 3 (Reuters) - U.S. Treasury yields fell on

Friday after a jobs report for January showed disappointing wage

growth, indicating inflation is not rising at a pace that would

lead the Federal Reserve to raise rates in the near-term.

Nonfarm payrolls increased by 227,000 jobs last month, the

largest gain in four months, the Labor Department said.

Average hourly earnings,

Read more

Irish banks set off down holdco road

LONDON, Feb 3 (IFR) - Bank of Ireland and Allied Irish

Banks, Ireland's two largest lenders, are on course to set up

holding companies to help them meet regulatory requirements

designed to facilitate future bank resolutions.

Read more

TREASURIES-Prices gain on dovish Fed, Trump uncertainty

* Fed seen on hold for near-term

* Trump uncertainty creates safety bid for bonds

* Jobs data improves, productivity worsens

By Karen Brettell

NEW YORK, Feb 2 (Reuters) - U.S. Treasury prices gained on

Thursday a day after the Federal Reserve gave a more

dovish-than-expected statement, and as uncertainty over policies

from President Donald Trump increased safety buying of U.S.

debt.

The Federal Reserve held interest rates steady on Wednesday

in its first meeting since Trump

Read more

Deutsche Boerse, LSE to offer small antitrust concessions - sources

FRANKFURT, Feb 3 (Reuters) - Deutsche Boerse

and the London Stock Exchange will

offer the European Commission to make small adjustments to their

combined business in the area of derivatives clearing in a bid

to win antitrust approval of their planned merger, two people

familiar with the matter said.

Read more

TREASURIES-Yields jump on strong jobs data, before Fed

* ADP jobs data beats expectations

* Fed meeting statement in focus

* Treasury to sell $62 bln notes, bonds next week

By Karen Brettell

NEW YORK, Feb 1 (Reuters) - U.S. Treasury yields jumped on

Wednesday after data from payrolls processor ADP showed

stronger-than-expected jobs gains in January, raising

expectations that Friday's closely watched government employment

report will also show strong growth.

U.S. private employers added 246,000 jobs in January, ADP

said, higher t

Read more

Russia's TMK to raise $166 mln in secondary offering for VTB buyback

MOSCOW, Feb 1 (Reuters) - Russia's TMK the

country's largest maker of steel pipes for the oil and gas

industry, said it was selling a 13.44 percent stake to raise

funds to purchase its own shares from lender VTB.

Read more

TREASURIES-Bonds gain as Trump talks down the dollar

(Updates prices)

* Trump's comments on dollar spark safety buying

* Fed begins two-day meeting

* Heavy data week anticipated

By Karen Brettell

NEW YORK, Jan 31 (Reuters) - U.S. Treasury prices gained on

Tuesday after President Donald Trump expressed concern about the

value of the dollar, sending it lower and raising demand for

safe haven U.S. bonds.

In comments targeted to the pharmaceutical industry, Trump

said currency devaluation by other countries had increased

dr

Read more