AFX UK at a glance share guide - 3

MARKETS
Tokyo: Nikkei closed at midday 11,662.93, up 32.80
Hang Seng midday 14,160.93, down 40.13

BREAKING NEWS - MONDAY
* G8 heads on brink of climate agreement - FT
* Baugur presses on with Somerfield bidding consortium amid fraud case - FT
* Panic in No 10 as ID card support collapses - The Daily Telegraph
* Pension fund demand for gilts is forecast to exceed supply - FT
* As London clears up, the focus of the world switches to Scotland - the Independent
* M&S finally sells Lifestore folly - the Independent
* Small firms hit the doldrums - Daily Express
* Cable TV duo NTL and Telewest set to clinch 7 bln stg deal this month against BSkyB- Daily Express

PRESS COMMENT
THE LEX COLUMN comments on low bond yields, which puzzle the world's central bankers, but according to traditionalists they are good news for equities, as they make them relatively attractive and reduce discount rates, boosting the value of future earnings; investors have to be weary of crowd psychology in financial markets; US corporate healthcare: a medical culture focused too heavily on treating illness could use a dose of preventive care.
Independent
Small Talk: Stephen Foley comments on API (could the packaging group be about to turn the tables and make a dramatic bid for its predator); LONGBRIDGE (the word is that the company's nominated adviser, Noble & Co, has fallen out with Frank Varela, the founder); DINKIE HEEL (renamed Ceps, turned into investment company with an attractive investment strategy)
Express
THE INVESTMENT STRATEGIST: Hilary Cook, director of investment strategy at Barclays Stockbrokers says a more favourable regulatory environment is unequivocally good news for ITV and combined with cost savings, should underpin profits growth. Adds there are too many unanswered questions to recommend a bet on PartyGaming.