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The Dow fell 100 points despite hope that the end of the Iraq was imminent. Pictures of scenes of jubilation in the centre of Baghdad had sparked an early rally but losses set in over worries for for the new reporting season. The MPC rate announcement is at 12:00 with the general consensus being no change. Lufthansa had a first quarter operating loss of 300-350 million after the airline warned of a deep first quarter loss due to the impact of the war in Iraq and the spread of SARS virus. BAY?

Bellway house builders first-half pre-tax profits rose 46 percent, and boosted its dividend by 36 percent. The firm also said it was confident it would continue to increase sales going forward, adding that it had already reserved, contracted or legally completed 92 percent of the ongoing year's work.

Sefridges: said it had received an approach substantially above Tuesday's closing market value of 378 million pounds BT said it is rebuilding its presence in Japan buy making deals with Japanese firms looking for network management and outsourcing servicesTesco & Asda take market share from Sainsbury according to latest researchBAT Moody's Investors Service put its rating under review for possible downgrade, reflecting concerns about the increased litigation risk in the U.S. British Airways and American Airlines: A limited marketing alliance was approved by the U.S. government. BAY are expected to announce the final grounding of its Concorde fleet today.Celltech still want to continue with its 101.4 million pound hostile bid for rival Oxford GlycoSciences , despite a three-week delay in the timetable for its offer

Man Group said its latest investment product had raised $725 million, in a further sign that customers are choosing its products despite a stock market slump.

Fitness First has agreed to a takeover bid worth 204 million pounds in cash from private equity firm Cinven. A 9% rise on last night price.

Moss Bros menswear posted a narrower annual losses with sales in the first 10 weeks of its financial year nine percent higher than the same period last year.  

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Thu 10th April	Bellway (I), Moss Bros (F), Tesco (F) Mouchel, Sirius Financial Solutions AGM: Communisis, SR Europe,  George Wimpey 12.00 MPC rate announcement	GTECH 13.30 February trade inc services 13.30 March import prices m/m 13.30 Initial jobless claims w/e 5/4	09.00 ECB Monthly Report 11.00 EMU Q4 revised GDP q/q 11.00 EC Q1 and Q2 GDP forecasts
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