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News Headlines:   

EMI shares may rise with takeover rumours

HSBC results later on this morning

British Airways: : Ebookers says it is currently seeing lower-than-expected demand for some long- and mid-haul destinations, triggered by the effects of the deadly virus SARS and the Iraq war on consumer demand

Inchcape motor vehicle distributor has posted a 16.5 percent rise in first-half profit and says market trends are likely to remain similar in its seasonally weaker second half. The firm sells nearly a fifth of the world's Maserati and Ferrari luxury sports cars, reported a profit of 66.4 million pounds beating analysts forecast of 64.1 million.

Ultra Electronics has posted an 14.9 percent surge in first-half pre-tax profits to 15.8 million, and says it sees full-year results in line with estimates

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 4th August Reporting Company Updates Financial Data	HSBC (I) PBT 3,200m exp. Chubb (I), ebookers (I), Inchcape (I), Mayflower (I), Ultra Electronics (I) British Airways July Traffic Figures 09.30 July CIPS Construction Indtry PMI Europe: 09.30 July Preliminary M0 Money Supply y/y 7.3% exp.	15.00  June Factory Orders 1.5% exp.	Altana (Q2), Singul (Q2), Statoil (Q2) 11.00  June PPI m/m 0.1% exp.
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