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News Headlines:    Germany confirms the economy shrank 0.2 percent decline in the first quarter which now means it is now in recession. Royal & Sun Alliance posted a 15 million pound increase in its first quarter profits to 175 million pounds on Thursday putting it into profit., ahead of most analysts' expectation Tomkins met forecasts for first-quarter profit on Thursday but it was lower than last year due to the weakness of the dollar.The operating profit of 67.4 million pounds was down from 71.4 million pounds for the same quarter last year. BT reported a rise in profit to the upper end of forecasts and a 6.3 billion pound gap in its pension fund under new FRS17 accounting standards.Profit rose 44 percent to 1.829 billion pounds in the year to the end of March, compared with analysts' forecasts running from 1.784 billion to 1.835 billion pounds. Revenue rose two percent to 18.727 billion pounds, in line with forecasts. Burberry reporting its first set of annual results bang in line with market forecasts. Earnings rose 29 percent to116.7 million pounds, while pretax profits rose to 110.3 million pounds and he company proposed a dividend of two pence per share. BUT they said fears about the deadly SARS virus in Asia and world political troubles had begun to hurt its retail performance, particularly in Hong Kong and at home. British water and electricity provider United Utilities reported a slight rise in annual profit that was at the top end of forecasts, and gave an upbeat outlook. Celltech Group Britain's biggest biotech firm said its business performed well in the first four months of 2003 and it was comfortable with market expectations for the year. GWR Group british radio said on Thursday its profit for the year to March 31 rose more than 11 percent after restructuring its operations and shedding loss-making units. Turnover fell slightly to 127.1 million pounds from 128.4 million pounds in the prior year. Calendar All GMT United Kingdom (F)inals (I)nterim United States (Click Flag) Europe & World Thu 22nd May             AGM BPB (F), Burberry (F), Land Securities (F) Royal & Sun Alliance (Q1), InterContinental Hotels (I) Mitchells & Butler (I), Royal & Sun Alliance  - Q1, BT (F), Findel(F) Kingston Communications(F), Pillar Property (I) Scottish & Southern (F), United Utilities (F) Uniq(F), Merrydown, Celsis International, Genus Brake Brothers, Informa Group, Marshalls, Michael Page Group Yule & Catto Company, Alfred McAlpine Alliance Unichem, Amlin, Geest, ICI, Meggit, Michael Page Group, Novar, Tomkins, Yule & Catto Company Retail sales April CBI Industrial Trends May RICS House Price Survey 8:30 AM EST Initial Claims   Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator

Croc,

So what then high volume >315 m hammer takes preference?

Bomb explodes in Yale law school
Wednesday, May 21, 2003 Posted: 2346 GMT ( 7:46 AM HKT)



Police and emergency crews on the scene of the explosion

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NEW HAVEN, Connecticut (CNN) -- A bomb went off in Yale University's law school building Wednesday, according to a U.S. government official, but no injuries were reported.

The official said local authorities in Connecticut have confirmed the explosion was a bomb but the facts of the case "do not indicate or bear the marks of an international terrorist incident."

Dorie Baker, a Yale spokeswoman, said an investigation is under way.

"We don't know what kind of a device," she said. "It was in an empty classroom, not in the mailroom. All sources are agreed there were no injuries."

VIDEO
A Yale student describes hearing the explosion at the university's law school.

PLAY VIDEO

Law enforcement sources said initial reports are that the device was in a package when it went off.

The FBI dispatched its joint terrorism task force to the scene.

The explosion occurred around 4:40 p.m. The building, including a day care facility, was evacuated after the explosion. The building had been used for final exams earlier in the day.

Dozens of emergency crews are at the scene, and authorities sealed off the area.

While the source of the explosion is still unknown, the emergency comes at a time of increased tension.

President Bush raised the nation's threat level Tuesday to orange, or "high" -- the second-highest state of alert in the color-coded warning system -- after meeting with his Homeland Security Council to discuss intelligence reports suggesting al Qaeda had entered an "operational period worldwide" and might attack within the United States.

One student said he was studying in the law school library, when he felt the "Earth move."

"We heard a really, very very loud shaking kind of sound," he said. "I just grabbed my computer and ran."

As he evacuated, he said he saw "some clouds of dust in the main floor."

New Haven Mayor John DeStefano saw the site of the explosion and said a wall dividing two classrooms was knocked down by the blast but there was no structural damage to the building and no windows were blown out.

An official at the Department of Homeland Security said the agency received calls from state and local officials in Connecticut immediately after the explosion. Officials with the department will monitor the situation.

Bush was in Connecticut Wednesday to deliver a commencement speech to the graduates of the U.S. Coast Guard Academy in New London, 50 miles from New Haven.

Yale is one the nation's top universities and was founded in 1701. It has an enrollment of more than 5,000 students. Commencement is scheduled for Monday.

Morning Ashley and all

CEO has been on CNBC ..... I like him and he talks of capability rather than just capacity ... went down well - as do the figures




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