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News Headlines:    The Nasdaq sank with disappointment on Cisco's quarterly earnings, while the Dow managed to cling to gains with positive comments from several analysts helping lift financials throughout the day.

Barclays: Britain's third-biggest bank says first-half pre-tax profit rose 12 percent, beating analysts' expectations. Profit for the six months increased to 1.96 billion pounds against 1.78 billion market expectations.Reed Elsevier says its pre-tax profit for the six months to June 30 climbed 2.5 percent, despite a decline in turnover due to the weakness of the U.S. dollar. Its profit was 408 million pounds. Turnover fell to 2.345 billion pounds from 2.467 billion pounds in the year-earlier period..

EasyJet says it carried 1.9 million passengers in July, up 74.9 percent from the same month in 2002.The airline said its load factor, or the number of passengers carried as a proportion of available seats, was 85.6 percent in July, down from 87.9 percent in the year before.

Millennium & Copthorne Hotels has posted a first-half pre-tax loss and says its market remains challenging but it expects to return to profit in the second half of the year. The firm, which runs over 90 upmarket hotels across the world, posted a pre-tax loss of 6.3 million pounds in the six months to end-June, against a profit of 25.6 million in the same period last year.

GKN H1 profit dips, but beats forecasts

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Thu 7th	Barclays (I) PBT 1,750m exp.GKN (I) PBT 124m exp.Reed Elsevier (I) PBT 423m exp. Signet Q2, Greggs (I), London Bridge Software (I), Millennium & Copthorne (I), Old Mutual (I), Senior Plc (I), WembleyPlc (I) EasyJet July Traffic Figures 00.01 July BRC Shop Price Index 09.30 June New Construction Orders 12.00 BOE Rate Announcement	Barr Laboratories (Q2) 13.30  Q2 Preliminary Non-Farm Productivity 2.2% exp.13.30  Initial Jobless Claims (w/e 02/08) 394k exp. 15.00  June Wholesale Inventories flat exp. 20.00  June Consumer Credit $6.9bn exp.	ABN Amro (Q2), BASF (Q2) BMW (Q2) 07.00  July Final German CPI m/m 11.00  June Preliminary German Industrial Prod
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