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News Headlines:    US investors brushed off a weak showing in the latest durable-goods report to allow the Dow Jones & S&P 500 to manage a fifth straight winning session while the Nasdaq notched a fourth.

House prices fall with a large drop in sales in the South.

Pilkington:reported a widely expected fall in annual profits and said it expected market conditions to remain tough in the near term. However profits were at the top end of expectations at 153 million pounds against analysts forecast profits between 144-152 million.

Electrocomponents: reported a fall in year profit and said its markets had continued to display weakness since the year end. Pre-tax profit fell 4.4 percent to 100.9 million pounds on turnover down 2.6 percent to 743.7 million pounds. Analysts had forecast pre-tax profits of about 99 million pounds.

Invensys:with has more than half its business up for sale, met its own forecast for annual core operating profit and said proceeds from the latest asset sales would exceed expectations. The company said its profit was 250 million pounds down from 312 million pounds in the previous year. Sales on continuing operations fell 8.6% to 4.26 billion pounds.

Daily Mail: publisher of the Daily Mail and the Evening Standard, said its profit rose 19 percent to 77.4 million pounds and said advertising remains weak with no short term improvement.

Marconi: reported an expected fall in annual sales and weakening outlook but managed a fourth-quarter core profit in its first set of results since its multi-billion pound debt refinancing. They said it expected first quarter sales to fall below the 400 million pounds level from 426 million in the fourth quarter.

Lonmmin:platinum miner said first-half pre-tax profits rose 14% to $157million beating forecasts of $112-139 million., and said its current trading was satisfactory.

Rentokill: turnover was up 4.9% from a year ago and profits in the first four months were up 4.2%. They said it expected good growth in turnover and pre-tax profits to continue throughout the year.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Thu 29th	Daily Mail & General Trust (I) PBT 81m exp.Electrocomponents (F) PBT 99m exp.Invensys (F) PBT 134m exp. Pennon Group (F) PBT 75.4m exp.Pilkington (F) PBT 152m exp, Wagon (F) PBT 12.7m exp. Big Food Group (F), Brewin Dolphin (I), Bristol Water (F), BTG (F), Caledonia Investments (F), Chloride Group (F), Lonmin (I), Marconi (F), Merant (F), MyTravel Group (I), New Look Group (I), Plasmon(F), Securicor (I), William Hill (AGM), Rentokill AGM & Trading Statement, Collins Stewart (AGM), Rolls Royce (AGM) 10.30 UK May GfK Consumer Confidence 3.0 exp.	13.30 US Q1 Preliminary GDP 1.8% exp. 13.30 US Initial Claims (w/e 24/5) 420k exp.	Ascension Day Holiday in Parts of the EU
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