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News Headlines:    U.S. stocks edged higher Thursday, once again hitting their highest points in about a year, as positive sentiment outweighed mixed economic news.

Sainsbury's is looking to cut 150 head office jobs as it fights sluggish sales growth and slipping market share.Tesco has reported strong first quarter group sales growth of 15.1 percent as it steals customers from weaker rivals in the face of slower consumer demand at home. British like-for-like sales were up 5.8 percent, stripping out new selling space and excluding the impact of price cuts which took 0.3 percent off the figure. Analysts had forecast growth of 4-5.5 percent. The group figure was boosted by international sales which increased 28.4 percent with total UK sales up 12.3 percent. John Lovering and Bob Mackenzie have confirmed that they have shelved plans to bid for Britain's fifth-biggest food retailer Somerfield.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Fri 13th	Tesco Trading Statement	13.30 April Trade Balance $42.0bn exp. 13.30 June Preliminary Michigan Sentiment 93.0 exp.	11.00 Q1 Current Account
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