Good morning traders!

In Asia this morning it is a bit of a mixed bag. Tokyo was recently trading ahead 84.55 points at 11,121.84 while Hong Kong has closed its morning session down 33.32 points at 13,684.1.

New York's main oil contract, light sweet crude for delivery in July fell 35 cents to $48.30 a barrel from its close of $48.65 on Friday in the US.

INVENSYS CUT TO 'UNDERWEIGHT' FROM 'EQUAL-WEIGHT' BY LEHMAN, TARGET 7P VS 19

SHIRE PHARMACEUTICALS DOWNGRADED TO 'REDUCE' FROM 'BUY' BY NOMURA

Off to see what else I can find....

Happy trading!

G.

AFX UK at a glance share guide - 3

MARKETS
FTSE 100 4,971.8 up 9.1
DJIA 10,471.91 up 21.28
Nasdaq Comp 2,046.42 up 3.84
S&P 500 1,189.28 down 1.80
Gold 417.25 usd (420.60 usd)
Oil - Brent Jun 48.03 usd (49.49 usd)

BREAKING NEWS
*Regulators step up hedge fund scrutiny amid concerns over risk of collapse - FT
*VODAFONE steps ups aggressive buy-back - FT
*DAIRY CREST expands into enriched milk - FT
*First Calgary in venture talks with REPSOL - FT
*AVIVA looks to unlock 4.5 bln stg - FT
*Maplin Electronics in danger of breaching banking covenants - FT
*JUMPIT set to raise 3 mln stg with AIM listinh
*BRITISH LAND to bid 770 mln stg for PILLAR PROPERTY - Daily Express
*MARKS & SPENCER to boost sales with 1 bln stg facelift - Daily Express
*Phoenix Four brace for DTI inquiry into Rover Collapse - Independent
*Takeover of LONDON STOCK EXCHANGE could seriously damage city's standing - Independent
*REGAL faces share trading inquiry - Independent
*HILTON sounds out buyers for fitness club chain - Times
*CALEDONIA INVESTMENTS buys loan stock in India - Times
*LSE reviews admission rules for small oil and gas firms - Times



INDEPENDENT - SMALL TALK
*WHITE NILE shares could fall to 60p vs 138.5p as trading restarts from suspension
*BIO-PROGRESS to appoint Richard Trevillion as CEO
*CERESPOWER to announce breakthrough in fuel cell technology
rn/ec

STANELCO SIGNS 1ST COMMERCIAL DEAL WITH ASDA SUPPLIER FOR GREENSEAL

BLUE STAR MOBILE IN REVENUE SHARE DEAL WITH O2 FOR THE SUN'S PAGE 3 CONTENT

Morning all.

Morning all.

HIT Entertaiment deleted from the FTSE250 and replaced with Unite Group on 25th May.