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News Headlines:    U.S. stocks tumbled Wednesday losing earlier gains, with investors showing disappointment after the Fed opted to cut interest rates by only a quarter of a point and issued only a lukewarm statement on the current health of the U.S.

The Bank of England says financial systems in this country and the rest of the world are in better shape than last autumn in spite of a worsening in the short-term growth outlook for many economies.

Trinity Mirror says advertising revenue for the 26 weeks to June 29 is expected to be flat, with group circulation revenue seen falling 2.8 percent. Circulation had fallen 5.2 with the Daily Mirror newspaper in the first five months of the period, after it dropped out of a price war with its arch rival The Sun and raised its cover price. Advertising conditions have remained volatile, the company added.

GlaxoSmithKline says it has received an approvable letter from the U.S. Food and Drug Administration for the once-daily version of its Wellbutrin anti-depressant

WS Atkins has reported annual profits ahead of its own forecasts and says it is confident in the future of the business. Adjusted pre-tax profits in the year to end March fell to 18.7 million pounds from 38.1 million a year earlier. Atkins said in April it expected adjusted pre-tax profit for the year of around 15 million pounds

Berkley house builders bring in profits of 22 million in line with expectations.

DS Smith Paper, packaging and office products firm has reported a leap in annual pre-tax profit, as expected, but says margins in its paper unit are under increased pressure in the current year.

ebookers, the pan-European online travel agency, Thursday said that current trading for the ebookers plc group is in line with Directors' expectations. The company said that it is on track to deliver cost synergy targets and that early results from the installation of ebookers' booking engines on the Travelbag and Bridge the World websites are encouraging.

Hanson says its first-half profit before tax and exceptional items will be below the 145.1 million pounds recorded in 2002. Hanson HNS.L said the fall was largely as a result of increased pension costs and currency effects, and it expected its second half to be more resilient. More Asbestos claims have bee received. Traders expect Hanson to slide by as much as 50 pence from Wednesday's close of 368-1/2 pence on the warning.

P.O Ports, shipping group issued a trading update, saying trading was in line with previous guidance.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Thu 26th	09.30 Q1 Business Investment q/q Trinity Mirror Trading Statement, PO Trading Statement Berkley Homes. DS Smith (F) PBT 78.6m exp. Atkins (F), Berkeley Group (F), Dyson Group (F), First Technology (F), iSOFT Group (F), Northgate Info Solutions (F), Reliance Security (F)	13.30 Q1 Final GDP q/q 1.9% exp. 13.30 Q1 Final Personal Consumption 2.0% exp. 13.30 Initial Jobless Claims (w/e 21/06) 415k exp. 19.00 Minutes of May 6th FOMC Meeting US: Nike (Q4)	0
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