AFX UK at a glance share guide

MARKETS
FTSE 100 5,161.0 up 47.8
FTSE 250 7,446.2 up 77.5
DJIA 10,303.44 up 28.47
Nasdaq Comp 2,057.37 up 0.41
S&P 500 1,194.44 up 3.11
Gold 428.15 usd (438.65 usd)
Oil - Brent Aug 57.54 usd (55.58 usd)

BREAKING NEWS - WEEKEND
* Oil prices could rocket to 100 usd within six months, plunging the world into an unprecedented fuel crisis, controversial Texan oil analyst Matt Simmons warns - Observer
* American media giant Time Warner and Goldman Sachs emerge this weekend as key members of a consortium stalking ITV; with venture capital group Apax, they are weighing up a bid worth 6.6 bln stg - Mail on Sunday
* NTL and TELEWEST to tie 12 bln usd knot in dash for July wedding - Independent on Sunday
* CARPHONE WAREHOUSE considering bidding up to 200 mln stg for UNITED UTILITIES-owned Your Communications - Sunday Express
* VODAFONE ready for 25 bln usd deal in America; senior executives at T-Mobile, wireless arm of Germany's Deutsche Telekom, have secretly discussed selling its US arm, which could raise 25 bln usd - Observer
* SHELL suspends work in Russia on parts of a controversial 6 bln stg gas and oil pipeline - the most expensive in the world; a Russian government report accuses the oil giant of environmental vandalism - Mail on Sunday
* Heinrich von Pierer, respected former boss of Siemens, emerges as a leading candidate to become the new chairman of SHELL - Sunday Telegraph
* Retail slump to hasten rate cut; British Retail Consortium's monthly snapshot expected to show like-for-like sales in June slipped about 1 pct against a year ago - Observer
* Marcus Evans, the reclusive conferences magnate who last week emerged as a potential buyer of the Mirror national newspaper group, remains keen on a deal and could try to reopen talks later this year - Sunday Times
* GUARDIAN MEDIA GROUP, TRINITY MIRROR and private equity firms weighing up bids of about 250 mln stg for Rupert Murdoch's TSL Education - Sunday Express
* MARKS & SPENCER will announce this week that it has finally sold its controversial Lifestore in Gateshead; the buyer, Danish furniture retailer Ilva, is said to be paying 35 mln stg for the 70,000 sq ft site - Independent on Sunday
* Water company bosses have enjoyed bumper pay rises as millions of customers face higher bills and hosepipe bans; executives earned up to 31 pct more in the last financial year after Ofwat allowed them to raise prices by double-digit percentages to pay for infrastructure improvements - Mail on Sunday
* Government faces a multi-billion pound claim for damages from institutional investors in RAILTRACK if it loses the case currently being fought against it in the High Court by small shareholders - Sunday Telegraph
* BRITISH AIRWAYS dividend in jeopardy from pensions black hole - The Business
* CHRYSALIS has been using shareholders' money to sponsor race horses belonging to its founder and chairman, Chris Wright - Sunday Telegraph
* Euronext, the Paris-based exchange, fears the UK Competition Commission will impose conditions on any offer it makes for the LONDON STOCK EXCHANGE, forcing it to scrap a bid or cut the price it is prepared to pay - Saturday FT
* SPORTING INDEX, the spread-betting company owned by Duke Street Capital, preparing for a sale that could value it at 100 mln stg-200 mln - Saturday FT
* Credit Suisse understood to have decided against underwriting an IPO of 888.com should the Gibraltar-based online gaming group choose to float - Saturday FT
* PUNCH TAVERNS unveils plans to refinance some of its massive debts, sparking a fresh wave of speculation that it is gearing up for 3 bln stg tilt at rival pubs giant Spirit Group - Saturday Mail
* Jon Asgeir Johannesson, head of Baugur, charged with suspected fraud by Icelandic police - Saturday FT
* The future of Baugur in the consortium bidding for SOMERFIELD will be decided on Monday after Baugur chief executive was charged with alleged fraud over the weekend - The Business
* Baugur offers to withdraw from SOMERFIELD bid - Sunday Telegraph
* DEBENHAMS considering gatecrashing the agreed 70 mln stg takeover bid by HOUSE OF FRASER for JAMES BEATTIE - Mail on Sunday
* BNP leads race for Deutsche Bank UK division - The Business
* Schroders makes a late entry in the race for Deutsche Asset Management - Sunday Telegraph
* Lawyers acting for SIBIR ENERGY considering asking the Serious Fraud Office to investigate the circumstances surrounding the loss of a stake in an oil field in Russia worth 850 mln stg - Sunday Telegraph
* ELECTRONIC ARTS, the world's largest computer games company, preparing a bid for SUPERSCAPE - Sunday Telegraph
* David Whelan, founder of JJB SPORTS, will this week announce he is stepping down as chairman of the company to devote more time to Wigan Athletic - Sunday Telegraph
* AMD accuses Dixons of colluding with Intel on chips - Sunday Telegraph
* TESCO could face a bill of millions of pounds after a tunnel roof at the site of a new store collapsed on to the rail tracks below - Saturday FT
* Phoenix Asset Management, the largest shareholder in GOSHAWK, planning a shareholder revolt over what it sees as excessive payments to directors and underperformance at the insurance underwriter - Saturday FT
* Chris Gibson-Smith, chairman of the London Stock Exchange and National Air Traffic Services, understood to be a possible candidate for the chairman's role at PEARSON - Saturday Guardian
* SHIRE PHARMACEUTICALS' proposed 903 mln stg acquisition of a US biotech comes under fresh fire as two major shareholders in the Nasdaq-listed company say the price is too low - Saturday Independent
* One of the main advisers to the National Association of Pension Funds, Tim Sawyer, calls for FRENCH CONNECTION to appoint independent non-executives and split the role of chairman and chief executive, after the fashion chain issues its third profits warning in a year - Saturday Times
* Rebel ABRAXUS INVESTMENTS shareholders set for coup to oust 'disgraceful' board - Sunday Telegraph
* PHYTOPHARM wins activist injunction
* Richard Nichols, chief executive of the HUNTSWORTH public-relations group, this weekend at the centre of a deal to sell about 60 mln stg of assets to marketing-services firm MEDIA SQUARE - Sunday Times
* David James, the company doctor who prevented the Millennium Dome from deflating in 2000 and negotiated with Colonel Gaddafi for the release of British hostages in Libya in the 1980s, leading an all-British bid to buy the MG sports car business for 40 mln stg - Saturday Telegraph

SATURDAY PRESS COMMENT
FT
THE LEX COLUMN comments on tenanted pubs (every round of consolidation makes acquisitions - and competition approval - harder to come by), Debt relief, Specialist security (for investors with an appetite for the considerable risks involved, security companies could be the new soldiers of fortune), Drug advertising - MICRO FOCUS (if it can continue to make margins of more than 30 pct, the shares will look cheap) - Weekend share watch: DIGNITY (may not be much upside in the short-term, but analysts say this is a stock to hold), ALIZYME (licensing agreements will be key to recovery), AVANTI SCREENMEDIA (understood it will reveal on Monday that it has passed its target of signing up 1,000 bars and pubs by the end of June) - LONDON MARKET: SHED PRODUCTIONS (talk it has won its first BBC Commission for 6 to 8 episodes of Waterloo Road, a drama based on an inner-city school), MATRIX COMMUNICATIONS (talk of VODAFONE contract), AEROBOX (rumours of management changes) - ANALYST WATCH: GUS (still waiting for the big break-up - MONEY & BUSINESS p.23) - FUND MANAGER IN FOCUS: Current top tips from Alan Borrows, manager of Midas Balanced Income Fund, are VT GROUP and TESCO

Guardian
Notebook: MANCHESTER UNITED could be costly for the Glazers, KENMARE RESOURCES (worth tucking away) - Market forces: EASYJET (talk that 10 pct shareholder Icelandair had picked up 1.3 mln shares - about 0.3 pct of the company), WOOLWORTHS (takeover rumours), BTG (talk it will get approval from the US food and drug administration to restart trials of Varisolve)

Express
MARKET REPORT: EASYJET (Icelandair stakebuilding rumours), XTL BIOPHARMACEUTICALS (expectations of a positive announcement as early as next week), CENTURION ELECTRONICS (boardroom buying)

Independent
NO PAIN, NO GAIN: Derek Pain adds MYHOME to the portfolio; he is sticking with PREZZO for the time being - MARKET REPORT: JJB SPORTS (talk that Dave Whelan, chairman and major shareholder, may consider selling his holding in order to raise money to fund Wigan Athletic)

Telegraph
THE MARKET: SANCTUARY (speculation it could be a takeover target for EMI, Warner Music or even the company's management) - QUESTOR: JD WETHERSPOON (sell), PUNCH TAVERNS (have not lost their fizz), ENTERPRISE INNS (remains top pick in the sector), GREENE KING (not expensive); SMALL CAP VALUES: HAMBLEDON MINING (a speculative buy), ALEXANDRA (should have further to travel), AUGEAN (best to steer clear for now)

Times
STOCK MARKETS: SCOTTISH POWER (persistent talk that its plans to dispose of its US PacifiCorp operation has flushed out predatory interest from a larger European rival; SMALLER CAPITALISATION SHARES: SUPERSCAPE (word that irate institutional shareholders are pressing it to put itself up for sale after Thursday's shock revenue warning), BRANDON HIRE (talk that Tuesday's first-half trading statement may show signs of a slowdown)

Mail
INVESTMENT EXTRA: SUBSEA (a high risk adventure; if your worry is paying your children's school fees, stick to safer stuff; but watching SubSea's story unfold will be fascinating) - MARKET REPORT: KINGFISHER (gossip that it is being stalked by WOLSELEY), WOOLWORTHS (another private equity group thought to be sniffing around), DICKINSON LEGG (whispers of an imminent bid north of 20 pence per share), WYATT (chairman Bob Holt buys a further 60,000 shares at 21 pence to take his holding to 9.4 pct)

SUNDAY PRESS COMMENT
The Business
THE ALCHEMIST: Clem Chambers comments on LONDON ASIA (offers a little direct exposure to the exploding economies of China and India) - FUND OF THE MONTH: SCHRODER TOKYO (a favourite of Barclays Stockbrokers) - SMALL-CAP INVESTOR: ELECO (starting to become an attractive investment)- AIM INVESTOR: GENUS (worth holding) - BENCHMARK: Grant Clelland comments on EADS (history repeats itself at EADS management), MANCHESTER UNITED, France Telecom

Mail on Sunday
MIDAS: Dogs of the Footsie portfolio takes a 15 pct profit on its BAT shares and reinvests proceeds in BARCLAYS - COMPANIES AND MARKETS: ALLIED DOMECQ (shareholders being urged to gang up and force changes to antiquated voting rules at Pernod Ricard, the French drinks group buying Britain's Allied), PLANESTATION (in last-ditch talks with a tour operator to fly to the Canary Islands, Egypt and Cyprus); SECRET DEALINGS: ACCIDENT EXCHANGE (recent buyers include AAA-rated fund managers Roger Whiteoak of Framlington and Giles Hargreave of Marlborough Fund Managers) - TAKING STOCK: BRITANNIC (suspension is lifted tomorrow and Cantor Index expects the stock to reach between 530 pence and 537 by Friday)

Sunday Telegraph
Equity View - BLUE CHIP VALUES: P&O (avoid for now), GLAXOSMITHKLINE (keep buying); Look who's trading: ISOFT GROUP (commercial director and non-executive chairman unload 2 mln and 3.5 mln shares respectively; we believe investors should hang on); SMALL CAP COMMENT: SOCO INTERNATIONAL (hold on), FRENCH CONNECTION (sell), KIRKLAND LAKE GOLD (buy), SDL (buy) - THE NUMBERS GAME: Tony Jackson says get ready to take advantage of a correction; he rather fancies PILKINGTON

Observer
THROG STREET: Richard Wachman comments on UNILEVER (a big acquisition, many shareholders argue, could solve Unilever's deep-seated problems), REUTERS (is the writing on the screen for Glocer)

Sunday Times
JUDGMENT DAY: SHOULD YOU BUY SHARES IN PENDRAGON Andy Brough, fund manager at Schroders, says look to buy at below 285 pence, while Tim Steer, fund manager at New Star, says avoid - INSIDE THE CITY: John Waples comments on BT GROUP (the shares have risen 50 pence since last September; with the promise of a rising dividend, this is not the end of the party), TRAVIS PERKINS (if interest rates are cut, this will boost the housing and DIY market)

Sunday Express
BROKERS' NOTES: CLOSE BROTHERS (Bear Stearns upgrades to outperform), AVIVA (JP Morgan upgrades to overweight), DIXONS GROUP (neutral from sell - Merrill Lynch), HMV GROUP (Teather & Greenwood keeps it a hold), BURBERRY (ABN Amro buy)

Good Evening all,

Thought I would log in this evening, as I won't get much chance tommorrow (Monday)

Too much to do, and not enough hours!

LW,

Hi, hope all is well with you, is there another meet scheduled?

Outlook
http://www.moneyam.com/action/news/showArticle?id=855155

Good morning traders!

A mixed picture in Asia this morning with the Nikkei ahead 13.5 at 11,643.63 and the Hang Seng off 40.13 at 14,160.93.

Off to find some UK news.....

Happy trading!

G.

AFX UK at a glance share guide - 3

MARKETS
Tokyo: Nikkei closed at midday 11,662.93, up 32.80
Hang Seng midday 14,160.93, down 40.13

BREAKING NEWS - MONDAY
* G8 heads on brink of climate agreement - FT
* Baugur presses on with Somerfield bidding consortium amid fraud case - FT
* Panic in No 10 as ID card support collapses - The Daily Telegraph
* Pension fund demand for gilts is forecast to exceed supply - FT
* As London clears up, the focus of the world switches to Scotland - the Independent
* M&S finally sells Lifestore folly - the Independent
* Small firms hit the doldrums - Daily Express
* Cable TV duo NTL and Telewest set to clinch 7 bln stg deal this month against BSkyB- Daily Express

PRESS COMMENT
THE LEX COLUMN comments on low bond yields, which puzzle the world's central bankers, but according to traditionalists they are good news for equities, as they make them relatively attractive and reduce discount rates, boosting the value of future earnings; investors have to be weary of crowd psychology in financial markets; US corporate healthcare: a medical culture focused too heavily on treating illness could use a dose of preventive care.
Independent
Small Talk: Stephen Foley comments on API (could the packaging group be about to turn the tables and make a dramatic bid for its predator); LONGBRIDGE (the word is that the company's nominated adviser, Noble & Co, has fallen out with Frank Varela, the founder); DINKIE HEEL (renamed Ceps, turned into investment company with an attractive investment strategy)
Express
THE INVESTMENT STRATEGIST: Hilary Cook, director of investment strategy at Barclays Stockbrokers says a more favourable regulatory environment is unequivocally good news for ITV and combined with cost savings, should underpin profits growth. Adds there are too many unanswered questions to recommend a bet on PartyGaming.