Gold

S&P &Futures (Click for latest)

Hang Seng +98

Nikkei +68

News Headlines:    The FTSE futures are between +10 to +15 but with positive US futures & financial data this morning I would not be surprised to see the FTSE 30+ at sometime this morning.

RSA IPO 3 times more demand than supply

Allied Domecq said that a report it had held secret talks with privately owned drinks group Bacardi was "completely speculative".

3I is on the lookout for management buyout opportunities and should this week set out where it thinks it might invest its latest pan-European fund

Selfridges has agreed a cash worth 392.25 pence per share.

Cordiant announced that it had received very preliminary approaches that could lead to an offer for the company

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 12th May Reports / Data	Diploma (I), Robert Wiseman (F), Centrica (AGM), 09.30 April Producer Price Index Input m/m 1.6% exp. 09.30 March Global Goods Trade -3.5bn exp. 18.00 April BRC Retail Sales Monitor y/y		Vivendi Universal (Q1), Benetton (Q1) Eurogroup Finance Ministers Meet Europe
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Sunday News 11th April 2003        

The Bulls In Control ? US Markets completed four straight weeks of gains, their longest rallies in more than half a year. European stocks' two-month rally may gain renewed momentum as the yields on benchmark bonds approach four-year lows, prompting some analysts and investors to favor equities.

Royal & Sun, the world's oldest insurer, sold Promina to plug a $1.29 billion capital shortfall in the U.K. The sale is about a third the size of the total raised in all other IPOs worldwide this year. ``The IPO will certainly improve sentiment for Royal & Sun,'' said David Bradbury, who helps manage 2 billion pounds ($3.2 billion) in the U.K. for Canada Life Financial Corp.

ING Groep NV, the biggest Dutch financial-services company, is taking on Britain's No. 1 Internet bank, Egg, by starting its own Web bank in the U.K.

Sunday Times:

CRH rival fear scuppered Egypt deal HBOS Moulsdale eyes the top laser slot Weston nears 570m deal for Selfridges Northern Foods Crumbs! Biscuit board ousted Royal and Sun Alliance Allied Irish Bank Home phone bills to fall as BT faces fixed-line onslaught Invensys close to sale of Baan at a 400m loss BP Alucolor families split over merger Bale tipped for top Macfarlane job Barclays banks on Europe expansion GUS Argos to open 15 stores in 20m Irish expansion Wiseman Dairies in London push Troubled Cordiant falls prey to US hedge fund

Vodaphone From cosy club to cutting edge EasyJet:Vital statistics, Ray Webster's working day Allied Irish Bank Overhaul of banking rules could cost up to 200m Sharewatch: FirstGroup First is on track Selfridges: Big hitters go for broke in bidding wars Sharewatch: Abbey National Alliance and Leicester: From cosy club to cutting edge Tullow Oil Irish Business Digest Ottakar's Directors' Deals: Book chiefs sale makes interesting reading Steady hand keeps Easyjet aloft in no-frills dogfight Durlacher Corporation Prufrock: Good news at last as Hands cuts losses Bank of Ireland pays the price for its UK strategy A Share in the Boardroom: Travis Perkins

Sunday Telegraph

City Comment: Glaxo is wrong to pay Garnier so much

Granada Guy Hands fails to box clever Northern Foods disposing of business Balfour Beatty Iraq work beckons for British firms

British Airways Branson's flight of fancy

GlaxoSmithKline Revolt becomes contagious

British American Tobacco, BP Let's walk the talk on corporate integrity

British Energy Sellafield cleared after three-year inquiry

Scotland on Sunday

Atkins seeks PPP bidders to build 65m mental health hospital Edinburgh Fund Managers is forced to withdraw New Zealand funds

Edinburgh Oil and Gas Flight from Buzzard an option for EOG ScottishPower goes green Carlton TV firms lay up plans for merger block FirstGroup still on track for solid performance SMG Beat hires profile raiser

Going Green may not provide the ideal solution for troubled Safeway EasyJet does it as Stelios backs down from name-calling dispute with art dealer HOF Rich rewards to be had if we think big and give generously PPL Biotech leaders seek new remedy

Hunter facing defeat in Selfridges bid Granada TV firms lay up plans for merger block Johnson pulls out of Pizza Express

Investor Chronicle

Shares Magazine 

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