UPS (Added by Master RSI on Sun 27 May 11:44 pm)

HMV - Mid 108.375p
Reason - Looking ready for a bounce on the chart as is forming a double bottom, plenty of speculation on the music business of a bid from somewhere as others on the same sector are being taken over, profitable and on high % dividend and low P E

        JOKE OF THE DAY

Perfect Dave
A man walks out into the street and manages to get a taxi just going by.
He gets into the taxi, and the cabbie says, "Perfect timing.
You're just like Dave."

"Who?"

"This guy named Dave. He always did everything right.
Like my coming along when you needed a cab.
It would have happened like that to Dave."

"There are always a few clouds over everybody."

"Not Dave. He was a terrific athlete.
He could have gone on the pro tour in tennis.
He could golf with the pros, too.
He sang like an opera baritone, and
danced like a Broadway star."

"He was something, huh?"

"Oh, you don't know the half of it.
He had a memory like a trap.
Could remember everybody's birthday.
He knew all about wine, which fork to eat with.
He could fix anything. Not like me.
I change one light on the Christmas Tree and
I black out the whole neighborhood."

"No wonder you remember him."

"Well, you would too, if you'd married Perfect Dave widow

Morning all. Friday's market reports:

Telegraph
Telegraph (Bloomberg summary)
The Times
FT
The Guardian
The Independent
This is Money

Chris Hohn, the controversial hedge fund manager behind The Children's Investment Fund, is threatening to set up his own stockbroking firm after accusing some of the investment banks he deals with of leaking information about his trades.

He believes that investment banks use their knowledge of which shares he is buying and selling to make money for their own trading desks. Hohn claimed his fears were shared by several other major fund managers.

Hohn: banks don't keep my secrets

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK Vodafone growth prospects under spotlight

OUTLOOK - UK companies results for 2 weeks to June 8Asian economic and corporate news summary

Good morning traders!

In Asia today, the Hang Seng closed the morning down 89.96 points at 20,439.80,
while the Nikkei reached the midpoint up 92.38 points at 17,679.97.

New York Mercantile Exchange's benchmark contract, light sweet crude for delivery
in July, was down 50 cents at $64.70 barrel from $65.20 in late trading in the US
Friday.

Happy trading!

G.

OUTLOOK - UK smaller company results for 2 weeks to June 8

Asian markets summary

AAL downgraded to hold from buy - ABN Amro
AZN upgraded to overweight from neutral - target 3000 - HSBC
REL upgraded to buy from hold - Deutsche Bank
XTA downgraded to hold from buy - ABN Amro
VED downgraded to hold from buy - ABN Amro

London shares outlook - higher, RBS consortium unveils bid, Vodafone outlook

The Tuesday Press Roundup

Morning all. How will BARC share price react to RBS offer?

STOCKWATCH Astrazeneca upgraded to 'overweight' from 'neutral' at HSBCThomson Financial UK at a glance share guide

STOCKWATCH Reed Elsevier upgraded to 'buy' with 715p target by Deutsche Bank

Australian shares close sharply higher on bank and resource stocksTokyo shares close higher on upbeat data

STOCKWATCH Anglo American, Xstrata, Vedanta cut to 'hold' from 'buy' at ABN-Amro

STOCKWATCH Fortis seen opening lower on ABN consortium-bid finance plans

STOCKWATCH Vodafone seen lower after in-line FY results

Australian shares close sharply higher on bank and resource stocks - UPDATE