S&P Futures

SHELL  announces further cuts in its oil reserves: For the 3rd time Shell has cut its oil reserves by a further 500 million barrels. It has also announced the resignation of it's Chief Financial Officer Judith Boynton after the huge cuts in oil and gas reserves this year but she will remain with the company. The total effect of the cut in reserves will cost the company approximately 100 million dollars per year.

WH Smith has confirmed Permira, the private U.K. private equity firm, has approached about a possible take over of the company worth 375 pence a share

Spear & Jackson The FSA is probing the CEO regarding making illegal sales of company stock in secret through brokerage accounts in the British Virgin Islands over the last two years

Stagecoach said its annual results would beat market expectations and unveiled plans to return up to 250 million pounds to shareholders.

 Caldwell Investments (F), Cyprotex (F), Minmet (F), Compass Group (I), ITV (AGM), Griffin Group (EGM), Reckitt Benckiser (Trading), Stagecoach (Trading)

08:30 March PPI 17:30 March BRC monthly retail sales monitor

23:30 RICS March housing market survey

Safeco Corp, Eli Lilly, 3M, Cendant, Fannie Mae,Hasbro, Lexmark

15:00 Leading Indicators Mar 0.3%

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