Crocodile
- 09 May 2004 12:46
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S&P Futures |
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Big falls in Asia overnight on concerns over the
rise in oil prices and U.S. interest rates worries.
The DOW Jones could test the 10,000 level in
trading today.
Marks & Spencer, Luc Vandevelde will step
down as chairman following criticism he is not spending enough time on the job
Securicor said it had maintained its good
start to the year as it reported a 10.5 percent rise in underlying first-half
profit to 39.0 million
Ebookers online travel agency said sales in
the first quarter rose 47 percent to 160 million with and a profit of 1.3
million pounds up from a loss of 4.9 in the same period a year ago. They also
said that 270 jobs would be cut in Europe and India as part of a cost-cutting
programme saving the company around 2.5 million pounds and they were
increasingly confident of the year ahead.
3i Group, A string of U.S. investment banks
and private equity houses are looking at a possible five billion pound bid for
the company according to the Sunday Express
Balfour Beatty says it has won United
States road construction contracts worth more than $200 million.
Canary Wharf, Investors owning about 13
percent of plan to reject both rival bids in the 1.7 billion pound takeover
battle for the property firm
Bunzl has bought French cleaning and safety
products distributor Groupe Pierre Le Goff for 236 million euros
Aggregate said it would buy U.S.
construction firm Frehner for $95.8 million
Chrysalis said
its first-half revenues were flat, and profit fell to 2.2 million pounds from
7.6 million pounds mainly due to the disposal of its television unit last year.
SMG said it had agreed to sell its 25 percent stake in breakfast
television firm GMTV Ltd to ITV Plc for 31 million pounds |
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Calendar: United Kingdom
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United States (GMT) |
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Europe & World (GMT) |
Chrysalis Group (I), Diploma (I), Securicor
(I), Windsor (I)
Bizspace (F), CryptoLogic (F), Centrica (AGM)April PPI (08:30),
BRC April Retail Sales Monitor (17:30)
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Symbol Technologies
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Bayer AG, Commerzbank AG
Lagardere Groupe, Sopra Group
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Velocity
- 10 May 2004 12:33
- 13 of 22
be interesting to see if the support at 4290 holds!
jj50
- 10 May 2004 12:43
- 14 of 22
Thanks for the glimmer of hope Melnibone and hope your back recovers rapidly too. It is certainly red across the board - quite depressing.
stockbunny
- 10 May 2004 13:22
- 15 of 22
Sorry to hear about your back Melnibone - I'm sure Mrs.M will
stall the shopping until you're better if you ask very nicely
(giggle)
It's a red Monday, but also a lot of bargains out there, that's
the beauty (in my humble opinion of course) of days like today.
Gathered in another little lot of LLOY shares this morning, going
nice and reasonably and couldn't resist for the long term income
side of my portfolio.
Be lucky people, however you 'play' the day!
Melnibone
- 10 May 2004 15:19
- 16 of 22
Thanks for commiserations, jj50 and stockbunny, this is about
the seventh time it's popped now since I first did it in the 1980's.
I find it heals quicker now if I do the opposite to what the Doctors
say. Instead of lying flat, I dose up with painkillers and keep it
moving. I look like a drunk Quasimodo waddling around for a while,
but it's usually OK within a fortnight and it doesn't heal up tight
ready to pop again.
Like your style, stocking up on your Blue Chips, stockbunny, got my
eye on a few myself that pay fat divis that the fundies will be watching.
US is still flirting with the March lows, so early days to call a bottom
just yet, IMHO, but if your stocks meet your value criteria and you are
LTBH, then why not top up. For LTBH'ers that's what market noise is for,
it gives them the entry opportunities that they patiently wait for.
Melnibone.
Melnibone
- 10 May 2004 15:32
- 17 of 22
Anyone managed to get the free Level 2 data that CMC
have now incorporated into their MarketMaker platform?
I've tried clicking on the link for each share but nothing
seems to happen.
Maybe it's got some teething problems.
Melnibone.
stockbunny
- 10 May 2004 16:03
- 19 of 22
Ouch!
You been doing any bargain hunting Little Woman today?
stockbunny
- 10 May 2004 16:18
- 21 of 22
Good for you Little Woman and being in profit on a day like
today I think is pretty impressive (I wonder how many are
nursing losses today..) The DOW looks awful - just put up the chart
from 2pm today and its similar to a downhill run at some ski resort!
Well I'm done for the day, have a good evening!