Shorter-term the submarines' conventional missiles could also be deployed in any Israeli strikes on Iran's atomic sites which

Shorter-term, the submarines' conventional missiles could also be deployed in any Israeli strikes on Iran's atomic sites, which Tehran insists have only civilian energy purposes. One source said the voyage was planned for months and so was not related to unrest after the June 12 re-election of President Mahmoud Ahmadinejad, whom the Israelis see as promoting the pursuit of nuclear weapons to threaten them. It was unclear when last month the vessel left the Mediterranean. Two local employees of the embassy are being held by the Iranian authorities, accused of inciting violence during demonstrations against the election results.(Reporting by Luke Baker; Editing by ). By Dan Williams JERUSALEM, July 3 (Reuters) - An Israeli submarine sailed the Suez Canal to the Red Sea as part of a naval drill last month, defence sources said on Friday, describing the unusual manoeuvre as a show of strategic reach in the face of Iran.

Israel long kept its three Dolphin-class submarines, which are widely assumed to carry nuclear missiles, away from Suez so as not to expose them to the gaze of Egyptian harbourmasters. "We are very concerned by these reports and are investigating," a spokeswoman said. "Allegations that our staff are involved in fomenting unrest are wholly without foundation. We will be seeking an urgent explanation from the Iranians." She said British authorities were speaking to the Iranian embassy in London and to Iranian officials in Tehran. (Reporting by Alexandra Hudson; Editing by David Cowell) Turkey. LONDON, July 3 (Reuters) - Britain's Foreign Office said on Friday it was "very concerned" by reports from Iran that local embassy staff may face trial in connection with demonstrations against last month's presidential election. private equity group KPS Capital Partners boughtBritish and Irish assets of the luxury tableware maker inFebruary, 130-year-old Rosenthal was not included in the deal.

Privately-owned Kutahya Porselen said it had decided to joina consortium with Nafi Gural Investment to buy Rosenthal butdeclined to give further details Rosenthal was not immediately available for comment. * Kutahya Porselen to enter consortium for Rosenthal Turkey * Rosenthal filed for insolvency in January ISTANBUL, July 3 (Reuters) - Turkey's Kutahya Porselen saidon Friday it was in a consortium to buy German porcelain makerRosenthal which filed for insolvency earlier this year after itsIrish owner Waterford Wedgwood called in receivers While U.S. Enel has installed about 36 million smart meters -- whichgive more information for households and supplies aboutelectricity -- in Italy and about 1 million abroad.(Reporting by Svetlana Kovalyova) Stocks. Stocks The project, for which IBM (IBM.N) will develop software,requires an investment of 70 million euros and will be partlyfinanced by the European Union, Enel said on its Web site.

MILAN, July 3 (Reuters) - Italy's biggest utility, Enel(ENEI.MI) said it will supply 250,000 smart electricity metersto Malta, part of the island's efforts to launch a smart gridsystem in 2012, reduce its carbon footprint and cut bills. (Reporting by Fion Li and Donny Kwok; editing by JacquelineWong) Stocks Mergers & Acquisitions. "As the managing director of the company, there is no way Iwouldn't know anything like this," he said by phone. When asked if a delegation of foreign firms was paying avisit to assess the firm's production facilities, Wen said thecompany did arrange some visit with foreign firms includingNestle but solely for the purpose of raising its managementstandards A Nestle spokesman in China declined to comment. "I didn't hear anything about that," said Wen Dibo, the localgovernment administrator managing the case of the financiallytrouble enterprise, when asked if Nestle was going to buy a stakein Taizinai, whose investors have included Goldman Sachs (GS.N),Morgan Stanley (MS.N) and Actis Capital. Stocks  |  Mergers & Acquisitions Chinese media had reported that Nestle was sending adelegation to hold talks with Taizinai and would access the booksof the Hunan-based dairy products maker. (Reporting by George Chen in Hong Kong and Rachel Lee in Taipei;Writing by Lee Chyen Yee, Editing by Jacqueline Wong) Stocks  |  Mergers & Acquisitions  |  Funds News  |  ETFs News  |  Private Capital Stocks Mergers & Acquisitions Funds News ETFs News Private Capital.