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News Headlines:    The FTSE 100 is expected to rise at the opening to play catch up with Wall Street, which continued to race ahead after London's close

Eurotunnel said its loss was EUR22 million, compared with EUR138 million last year. As a result of the continuation of these difficult market conditions, the company is now unlikely to achieve the full year revenues needed to cover interest charges from cash-flow. However, as market conditions improve the shuttle revenue growth should pick up again as in the past.

Prudential looks set to cut its dividend for the first time since 1914 in a move which is expected to save the most famous name in British insurance about 200 million each year.Smiths Group: said it was selling its polymers division for 495 million pounds to Swedish engineer Trelleborg

Mitchells & Butlers Britain's biggest managed pubs company is ready to mount a joint bid with Whitbread for Scottish and Newcastle pubs and hotels business,

Corus has secured the final backing of its lead banks, ABN AMRO, Credit Suisse First Boston and HSBC for a new refinancing packageBritish Airways will hold crisis talks with unions in an effort to end unplanned industrial action,

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 21st July Reports / Data	Eurotunnel (I), St Modwen Properties (I) Woolworth 11.00 UK BCC Q2 Economic Survey	Texas Instruments (Q2) 15.00 US June Leading Indicator 0.1% exp.	11.00 EMU May Euro-Zone Trade Balance
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