S&P Futures

US  indexes rally for second session as investors go bargain hunting

Cobham topped forecasts with a 19.5 percent profit rise rise to 137.8 million above forecast and said it expected earnings growth to continue this year.

Premier Oil reported 2003 net profit up 80 percent at 40.8 million pounds thanks to record production

Derwent Valley posted a 6.9 percent fall in annual profits to 16.2 million pounds, but said it was confident of a return to growth in its key West End market.

William Morrison reported an inline rise in annual profits to 319.9 million pounds while current sales remain robust, up 9.7 percent in the six weeks to March 14.

Premier Farnell electronics distributor said US markets were improving but Europe remained as it posted lower annual profits which down 9% to 54.6 million pounds as expected.

Trafficmaster returned to annual profit with a 0.55 million gain from a 63.3 million pound loss the previous year and said the new financial year had got off to a strong start.

De La Rue printer of banknotes, said its full-year results would be just ahead of expectations thanks to increased volumes relating to the Iraq banknote contract

Geest reported a one percent rise in annual profits to 41.4 million pounds while adding it intends to buy back up to 10 percent of its shares over the next twelve months.

FW Thorpe (I),Manganese Bronze (I),Bisichi Mining (F), Cobham (F), Corus Group (F), Derwent Valley (F), Geest (F), House of Fraser (F), IP2IPO Group (F), Premier Farnell (F), Trafficmaster (F), William Morrison (F),Albion (AGM), Asset Man It (AGM), Ingenta (AGM),Feb BBA Net STG Lending Data (09:30) Feb Capital Issuance (09:30) Feb CML Mortgage Lending Data (09:30) Feb M4/M4 Lending (09:30) Feb PSNCR (09:30) Feb Retail Sales (09:30)

Adobe Systems, Nike Inc Solectron Corporation, Tektronix Inc Morgan Stanley

13:30 Initial Claims 15:00 Leading Indicators 17:00 Philadelphia Fed

Allianz AG, Altana AG Bayer AG, Celesio AG

Guyenne et Gascogne SA Pernod-Ricard SA, Generale de Sante

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