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News Headlines:    U.S. stocks rallied Monday on reports that Microsoft is considering a special dividend for shareholders and on hopes that a economic and corporate recovery is on the way. It is considering giving $10 billion back from its cash stash of $46 billion, to its shareholders in the form of a special dividend.

Safeway says its first-quarter sales slipped but profit was flat as it struggled to keep customers while its future hung in the balance. Like-for-like sales fell 0.6 percent in the first quarter with total sales up by 1.1 percent. Safeway said this was a resilient performance. Kidde, fire-fighting equipment, says its order book has grown in the first half and it is on track to meet its aim of resuming organic sales growth this year. They said "While market conditions continue to be competitive, cost saving programmes are on track to deliver the anticipated benefits,"

National Express Group coach and train firm says trading for the six months to June 30 was in line with management expectations. The firm said progress at its UK bus business remained "encouraging" and that passenger growth at its UK trains division was up five percent.  

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Tue 8th	Alphameric (I), Kensington Group (I)Kidde Trading Statement, Signet (AGM) Safeway AGM + Q1 Trading Statement Signet Group PLC AGM Vosper Thornycroft Holdings PLC AGM Albany AGM, DCC AGM	Pepsi Bottling Co (Q2), ALCOA AA 0.25, Century Bancorp 20.00 May Consumer Credit $5bn exp.	08.55  April German Unemployment Change 11k exp. 11.00  May German Preliminary Indtrial Output m/m 0.2% exp.
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