A Brief Look At The Week Ahead

The week threatens to be overshadowed yet again by Northern Rock as the tales of CitiGroup's bail-out plan circulate. The entire banking sector is likely to remain in focus as players home in on HBOS, Barclays and Royal Bank of Scotland, for different reasons. Sainsbury will also be in the limelight with the Qatari advances seeming to gain favour with the supermarketeer's ruling family. Look out for numbers from Vedanta, Cadbury Schweppes and Carphone Warehouse on Wednesday and SABMiller, WH Smith and Sage on Thursday. Analysts in the US see the Dow climbing to further highs next week, so there will lots of fun for all.... Good hunting! Greystone Thanks, as always to Supermum, Digger and Kyoto for their invaluable input to the Traders Thread (Greystone is Alan English, City Editor at MoneyAM.)

Analysis selection

VLK price 78.25p

Rising volume for the last week

A BREAKOUT from a double bottom last Friday with that a change of trend to UPTREND very positive

Talk of a bid approach north of 100p, Oliver Ellingham has recently joined the board as an executive director had advised Hanson and Imperial Tobacco on acquisitions and strategy, both have since been taken over

Goodbody Stockbrokers place a note of "ADD" last Thursday to the already BUY, saying VLK customer base in the US through the acquisition of Focus Comm. and the broadcasting sector accounts for about 67%

Chart of VLK breakout

Morning all. Friday's market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Beleaguered investment bank Bear Stearns is the subject of a criminal investigation into the collapse of two of its mortgage-related hedge funds and the loss of $1.6bn (£800m). Federal prosecutors have launched the investigation, which comes in addition to an existing probe by the powerful Securities and Exchange Commission. The US Attorney’s Office in the Eastern District of New York is reported to have made a request for information related to the hedge funds from the bank, in connection with the fund losses.

Bear Stearns facing Federal crime probe

Global investment bank Merrill Lynch is to write off almost $5.5bn (£2.75bn) as a result of a significant series of wrong-way bets on the debt markets which were exposed due to the continuing credit crisis. The hit is one of the largest for any single investment bank to date during the crisis, and comes as a result of severe problems in Merrill's fixed income, currencies and commodities (FICC) business.

Merrill writes off $5.5bn as turmoil grows

The 12 members of the Federal Reserve may be rethinking their 0.5pc interest rate cut last month after key jobs data that their decision was partly based on was revised.

Fed based rate cut on false jobs data

Some 40,000 people work in investment banks in the City and, since the credit crunch hit in July, the people whose job it is to raise debt, parcel it up, buy it and sell it on have had very little to do.

Fear and loathing over jobs in the City

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng closed the morning up 589.24 points at 28,420.76,
while the Nikkei is closed for a public holiday.

Crude oil for November delivery fell as much as 35 cents to $80.87 a barrel, down
from an earlier high of $81.11 and from Friday's close in New York at $81.22.

Happy Monday!

G.

Thomson Financial Europe AM at a glance share guide: Stocks rise, oil downTFN economic and business calendar to Friday Oct 19

TFN UK calendar and forecasts for today

The Monday Press RoundupThomson Financial UK at a glance share guide - weekend

London shares outlook - higher, rally set to continue in quiet start to week

BROKERWATCH Barclays resumed as 'buy' by Merrill Lynch, target to 800p vs 885

BROKERWATCH Standard Chartered and Socgen put on Europe-1 list at Merrill LynchThomson Financial UK at a glance share guide

BROKERWATCH Astrazeneca kept at 'equal weight' by Morgan Stanley ahead of rulingBROKERWATCH Rexam resumed at Merrill Lynch as 'buy', 600 pence price targetUK smallcap opening - Debtmatters declines on cautious press commentAustralian shares close higher on positive US employment data

BROKERWATCH HBOS upped to 'outperform';RBS cut to 'underperfrom' at Bear Stearns

BROKERWATCH BP price target cut to 650 pence from 675 at JP Morgan

STOCKWATCH Xstrata up after Credit Suisse ups to 'outperform'; target 3,800pUK smallcap opening - OneSource surges on agreed 179 mln stg ABM bid

FTSE opens marginally higher

UK smallcap opening - Emblaze climbs on president's share buying

London shares open flat, quiet start to trading, Northern Rock up on bid hopesUK smallcap opening - Pentagon Protection up on contract gain

UK smallcap opening - ILX rises on upbeat trading statement

STOCKWATCH Vodafone up after buys Tele2 businesses; brokers positiveUK smallcap opening - Gulfsands Petroleum higher on Cham partnership

UK smallcap opening - Eredene Capital ticks up on unit's investment move

UK smallcap opening - Brinkley Mining slides on Congo contract doubts

STOCKWATCH SABMiller higher; Credit Suisse reiterates 'outperform'

BROKERWATCH Global mining sector cut to 'neutral' from 'overweight' by UBS

STOCKWATCH Unilever up as ING names issue among top Food, HPC sector picks

UK small caps open higher as OneSource leaps on agreed bid

Metals - Gold turns lower as dollar strengthens

Metals - LME inventory data (Monday)

STOCKWATCH AB Foods rises; Dresdner Kleinwort starts as 'add', target 875 pence

STOCKWATCH InBev higher on SABMiller takeover talk

STOCKWATCH Barclays up on failed ABN Amro bid; Merrill Lynch resumes with 'buy'

London shares - mid-morning features

STOCKWATCH Shire higher; sells portfolio of non-core products to Almirall

Metals - Copper dips as Chinese return to mkt, refuse to buy at elevated levels

Metals - Gold turns lower as dollar strengthens UPDATE

STOCKWATCH InBev higher on SABMiller takeover talk UPDATE

WALL STREET OUTLOOK Lower open seen as investors digest Friday's gains

STOCKWATCH Friends Provident higher after posting merger documentation

US futures lower on Columbus Day

Metals - Copper dips as Chinese return to mkt, refuse higher prices UPDATE

London shares - midday features

Midday Market Roundup

Precious Metals Summary - London AM Fixings

Metals - UBS upgrades gold price forecast for 2008 and 2009

OUTLOOK FSA to come under fire from MPs for handling of Northern Rock crisis

OUTLOOK FSA to come under fire from MPs for handling of Northern Rock crisis

London shares - midafternoon features

Metals - Copper falls on sluggish Chinese buying as LME week kicks off in London

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Monday Oct 22

End-of-day Market Roundup

UK small caps close higher; OneSource stays top riser on positive bid news soar