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News Headlines:    Last night the Dow Jones rose well over 100 points to its highest level in four months and now has risen 235 points in two sessions, Aggressive buying also pushed the Nasdaq to 11-month highs following an analyst upgrade of bellwether Cisco Systems. On the currency front the dollar plunged to a fresh four-year low against the euro and fell further vs. the yen.

Oil prices jumped more than 1.5 percent after a series of bombs ripped through Western residential compounds in Riyadh, Saudi Arabia raising concerns of more attacks

UBS Group President said he saw signs that the global stock market rout was ending but that he expected financial markets to remain difficult. "It starts to smell like the end of the bear market," he told a conference call with journalists after the world's sixth-largest bank beat expectations for first-quarter earnings and gave a cautiously upbeat outlook. Look for jumps on Banks!

Powderjet:  said that talks over a possible 500 million from Chiron had reached an advanced stage, as it posted a big jump in full-year profits to 23.5 million Cable & Wireless: The Guardian said the shares continued to gain on speculation that the company will announce plans for a radical restructuring at next month's annual results.BSKYB: Said they are on track to meet full year market expectations. However the net profit for the quarter was 17 million compared with analysts forecasts of 33 million. Subscribers rose in line with market expectations by 150,000BG Group:  British gas and oil producer said it was well-placed to meet its 2003 targets, and robustly defended an executive pay package that some investors criticised as too generous.International Power: bowed to shareholder pressure and announced a share buyback plan that will return some its cash to investors along with first quarter results that were in line with expectations. Earnings per share fell to 2.8 pence a share from 4.6 pence a year ago mainly because of much lower contract prices for its power.Next: AGM & Trading Statement Today, The retail sector could rise on a report that sales surged in April by 4.8%. Wall Mart report today in the US

British Airways: Look out for further falls here as Lufthansa releases bad news on almost a daily basis. Today it announces sacking staff on widening losses.

Kingston Communications noted recent press comment regarding its full year results and prospects. But re-affirms that the results will be in line with market expectations.

Amvescap: The asset manager said it will restructure its UK business in a move that will see the chief executive of the institutional fund unit leave the firm

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Tue 13th May	British Sky Broadcasting (Q3) PBT 50m exp. Topps Tiles (H2), Ultraframe (I)International Power (Q1) PBT 54.7m exp. Abacus Group (I),  BG Group (Q1), Powderject Pharmaceutical (F) Next Trading Statement Slough Estates(AGM), Acambis (AGM),	Wal-Mart (Q1) 13.30 March Trade Including Services	Fiat (Q1) ECOFIN Meeting Europe: 10.00 EMU German May ZEW Expectations Index 17.0 exp.
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