Smith & Nephew (SN.) has been
dragged into an SFO investigation The Times reports that WH Smiths (SMWH) is posted to request
permission to buy back 15% of its shares.
Pearson (PSON) and ITV have been downgraded to underweight by Lehman Brothers.
Autonomy (AU.) have licensed their software to
Adobe and
Lloyds TSB. Global Radio have
confirmed an approach to GCAP Media which was
rejected (GCAP).
Amongst the small caps Solar Intergrated Technologies (SIT) has won
four contracts but there are no financial details. PV Crystalox Solar (PVCS) say they are trading
ahead of expectations.
FTSE is currently being called down 10 at 6,338 by CMC. Dow futures are currently being called up 55 at 12,853 after the 256 point fall on Friday.