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EMI Group said it had withdrawn its offer for Time Warner recorded music business, saying it was no longer possible to reach an agreement on acceptable terms.

Amlin British insurer which operates in the Lloyds of London insurance market said the outlook for underwriting in 2004 was "good" as it posted a 18 percent to 743 million pounds rise in gross written premiums for the first nine months. of 2003

Virgin Express Belgian-based no-frills airline reported a net profit of 1.7 million euros for the third quarter, down from 4.5 million euros the previous year. Revenues slipped eight percent to 62.1 million euros, while operating profit came in at 1.87 million euros, down from 4.45 million euros.

UBC Business Media first half loss narrows.

Glaxo: A US federal appeals court on Friday rejected the drug-maker's bid to salvage patent protection for its antibiotic Augmentin, once its second-biggest selling product.INVENSYS The engineer struggling under 1.6 billion pounds in net debt could run out of cash by next June if its programme to sell non-core assets fails, British house prices edged up again in November and a crash in 2004 is highly unlikely even though interest rates are likely to rise further

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07.00 EMU Oct German Import Price Index m/m 0.2% exp

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