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US tech Stocks under pressure, blue chips mixed despite mostly upbeat earnings reports

Corus Russian metals entrepreneur Alisher Usmanov has raised his stake in the Anglo-Dutch steel firm to around 9 percent, amid speculation he might want a seat on the company's board

Cable & Wireless to sell its US unit 155 million dollar cash

ASK Central pizza and pasta chain said it had received a 220 pence a share offer proposal from TDR Capital, a private equity group that owns the rival PizzaExpress restaraunt chain.

Wolverhampton & Dudley Breweries the UK's biggest regional brewer said the solid trading it saw at the start of its financial year continued over Christmas, with profit margins remaining firm and sales at its managed pubs rising 3.1 percent in the 16 weeks to January 17.

Ultraframe conservatory maker said sales at continuing operations had fallen by eight percent in the first quarter of its financial year, and declines would likely continue.

Pendragon Britain's largest car dealer said it was buying rival CD Bramall Plc CDB.L for an agreed 230.3 million pounds in a deal iworth 600 pence per CD Bramall share. They also said its 2003 profit before tax, exceptional items and goodwill should be at least 37 million pounds.

Burdene Investments (F), Wolverhampton & Dudley AGM & Trading Update, BOC (AGM), Enterprise Inns (ETI) Stock Split Ex Date. Terms are 2 shares for 1 share held.

09.30 4th Quarter GDP q/q 0.7% exp. 09.30 Dec Retail Sales m/m 0.3% exp. 09.30 Dec Car Production 3m/3m

00.01 EMU Nov German Construction Orders (BBK) y/y

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