Hello traders,

The US`rally lost a little headway when crude oil rose 5% during tonight's session, but still maintained enough energy to see the Dow close ahead.

Preliminary figures show the Dow rose 82 points to close at 10,549. The Nasdaq Composite climbed 20 points to 2,087, taking the tech-rich to a four-month high. The S&P500 was up 11 points at 1,202.22.

Back in the morning with the updates.....

G.

Good morning traders!

Final numbers from the US last night - Dow up 81.58 at 10,549.06, Nasdaq 19.64 better at 2,087.86 and S&P500 10.72 ahead at 1,202.22.

In Asia this morning, both the Nikkei and the Hang Seng were last trading slightly lower. Oil prices eased a tad but crude is still above $54 a barrel.

Off to find some UK news....

Happy trading!

G.

ALLIANCE & LEICESTER CUT TO 'SELL' VS 'NEUTRAL' AT MERRILL LYNCH

NEXT DOWNGRADED TO 'EQUAL-WEIGHT' FROM 'OVERWEIGHT' BY MORGAN STANLEY

Outlook
http://www.moneyam.com/action/news/showArticle?id=810965

AFX UK at a glance share guide - 2

MARKETS
FTSE 100 5,011.00 up 47
FTSE 250 7,148.2 up 33.9
DJIA 10,548.83 up 81.35
Nasdaq Comp 2,087.86 up 19.64
S&P 500 1,202.22 up 10.72
Tokyo: Nikkei 11,312.15 down 17.52
Hang Seng midday 13,866.13 down 6.94
Gold 416.25 usd (416.05 usd)
Oil - Brent Jul 53.27 usd (50.73 usd)

BREAKING NEWS
* Europe in turmoil as the Dutch vote No - FT
* German officials discuss risk of currency collapse at private meeting - The Daily Telegraph
* EU heading for split over working time opt-out - the Guardian
* Sainsbury's in suppliers row - the Times
* Ministers face probe into failed MG Rover rescue - FT
* SEC chief plans to step down this month - FT
* UK-US alliance confronts Wal-Mart - FT
* Diageo chief willing to help finance Allied Domecq bid - FT

PRESS COMMENT
FT
THE LEX COLUMN comments on T&F Informa's acquisition of IIR Holdings, Australia (economy suffering), SEC (it would be wrong to port for radical change of course), internal rate of return (will remain popular, but should not be used in isolation and investors should recognise its flaws)

Express
SHARE WHISPER: SPEEDY HIRE (investors see strong opportunity for further growth) - WHO'S DEALING: BARRATT DEVELOPMENTS (CEO David Pretty exercises options over more than 260,00 shares at 650p per share)

Guardian
SANCTUARY GROUP (rumour co is stalked by an American private equity group) -
WHITE NILE (talk co could resume trading as early as this morning)

Times
DIRECTORS' DEALINGS: ENODIS (Waldemar Schmidt, former chief executive, bought 150,000 shares at 108-1/2p) - RUMOUR OF THE DAY: SCOTTY GROUP (word co has been sounding out advisers on a 1.5 mln stg fundraising to bolster working capital) - TEMPUS: HBOS (at this price, shares are a 'buy) - NORTHERN FOODS (sell) - SCOTTISH RADIO (there is nothing stopping shareholders accepting Emap's offer, and reinvesting the proceeds in another radio operator)

Telegraph
QUESTOR: RENTOKIL INITIAL (cheap, but risky buy) - JOHN LAING (pricey for newcomers, existing shareholders should take up their rights) - T&f INFORMA (shares are good value)

Mail
FIRE-ONE (dealings on junior AIM begin today; placed at 241p by Numis, shares should attain a useful premium)

Independent
THE INVESTMENT COLUMN: SPEEDY HIRE (stock is no longer a bargain but resist urge to take profits)

Mornung all.

Digger - Wowwwwww - quite a drop. Could it be an overreaction? Perhaps time to buy!!!.

S3 is at 54

Afternoon all,

I used have Tate & Lyle but sold on a stop loss a few years ago.
I think the orginal drop was because they were one of the first companies
to change the way they do thier accounts which reduced thier profits at the time.

As a long term investment TATE's dividend is worth about 4% a year at the current "lower" price