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News Headlines:   Uk shares are expected to climb on Monday morning, but market volume is likely to be light with the U.S. closed for the Labor Day HolidayCanary Wharf. Rival U.S. investment banks Morgan Stanley and Goldman Sachs said they were working on a joint bid for the indebted UK property firm Royal Sun Alliance Sunday newspapers reported that Britain's second-biggest general insurer is considering launching a rights issue to raise up to one billion pounds.The Sunday Times says the new shares could be offered at around 100p each, compared to Friday's close of 138-1/2p. The Sunday Express, however, said major investors could snub a two-for-three issue before it is announced at the same time as RSA's half year results, due on Thursday.

John Laing has reported a sharp fall in first-half profits and halved its dividend payout after the disposal of its Laing Homes business. They reported a profit of 5.1 million pounds for the six months down from 17.9 million pounds a year ago, which included the disposed Laing Homes unit that was sold for 297 million pounds last October.

Taylor Woodrow said it had agreed to buy rival Wilson Connolly Holdings for around 480 million pounds in cash and shares. It would pay 200 pence in cash and 0.132 new Taylor Woodrow shares for each Wilson Connolly share, valuing Wilson Connolly at around 230 pence per share, or a 10 percent premium to Friday's closing price.

Avis posted a big drop in first-half pre-tax profits on Monday and warned its full-year revenue would be between four and seven percent lower than last year. The CEO is leaving for a permanent holiday.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Monday 1st September   Reporting Company Updates Financial Data	Avis Europe (I) PBT 22m exp. Highbury House (I), John Laing (I) PBT 15.3m exp. British Vita (I), Cairn Energy (I), ITNET (I), Peterhouse Group (I) Incepta (ITA). Consolidation 1 share for every 5 shares held Allied Domecq Trading Statement, Xenova (EGM 09.30 July Net Consumer Credit 1.8bn exp. 09.30 Aug Preliminary M0 Money Supply y/y 7.7% exp. 09.30 Aug CIPS Manufacturing PMI 51.3 exp. 11.00 Aug CBI Employment Trends Survey	Labour Day Holiday Markets closed	08.55 Aug German Manufacturing PMI 49.2 exp. 09.00 Aug Manufacturing PMI 49.0 exp.
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