Gold

S&P &Futures (Click for latest)

Hang Seng -39

Nikkei -78

Barclays, Bank of America Corp is considering buying British banks and has held exploratory talks with several, including Barclays, the Financial Times reported on Monday. But felt the British bank was currently too expensive at the moment.

British Airways: Topped market forecasts for annual pre-tax profit, but warned that revenues for the first three months of the new year would be lower than the previous year. They also said the cancellation of Concorde flights would cost 80 million pounds. The future outlook was described as being challenging ..Safeway: has requested a meeting with Philip Green to clarify his intentions towards the firm, but has had no responseSelfridges: Iranian tycoon Robert Tchenguiz is poised to make a 620 million pound counter bid.Glaxosmithkline is braced for an embarrassing shareholder revolt over executive pay.Powderject confirms the a takeover by Chiron CorpBrickies: House prices in Britain rose a non-seasonally adjusted 1.3 percent in May to stand 15.6 percent higher than a year earlier, the strongest monthly rise since February

Marconi: begin trading in London at Monday's opening as the latest step in the restructuring. The shares are expected to trade at between 40 pence and 60 pence each, giving Marconi a market value of 400-600 million pounds.Kingfisher , BT, comet the electrical retailer arm of Kingfisher, has joined up with Telco Global, to compete with British Telecom in the residential phone calls market, said the Independent.MMO2 Is to slash the value of its business, including its third generation licences, as it announces a significant drop into the red this week, according to the Guardian.

Luminar Britain's biggest nightclub operator reported a 4.3 percent fall in annual profits, in line with forecasts, and said it was well positioned to benefit from a recovery in its markets.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 19th May Reports / Data	BCC((F), British Airways(F), Detica Group(F), Imagination Technology(F), Luminar (F), Mice Group(F) Cambridge Antibody Technology (I), Torotrak AGMs, GlaxoSmithKline, Prezzo, Sirius Financial Solutions, Marlborough Stirling	Hewlett Packard, Home Depot, Staples May 19 01:00 AM Leading Indicators	ECB president Duisenberg speech at the Zurich economics club (1600 GMT)
Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator