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The FTSE 100 index is set to slide after a weak end to last week on Wall Street amid concerns over recent gains. In Asia, Japanese shares fell to two-week lows on Monday. Banks were among the hardest hit so watch out for HSBC & STAN British Airways posted a 57 percent fall in second-quarter profit to105 million pounds which was better than market expectations of 72 million pounds. The company also said Chairman Colin Marshall would retire in July next year and would be succeeded by Martin Broughton, currently chairman of British American Tobacco.Astra Zeneca could rise from results of trials on its experimental anti-coagulant Exanta. Alvis The Ministry of Defence has contacted a handful of contractors about taking over a six-billion-pound programme to supply it with armoured vehicles, in what would be a blow to Alvis Nokia, is considering a takeover of UK firm Psion in a bid to dominate the cellphone software market Barclays bank has held exploratory talks with three banks in the United States for a possible acquisition of Pennsylvania-based Sovereign, New York-based North Fork Bancorporation, and GreenPoint Financial Corp. |
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