S&P Futures

U.S indexes fell back as profit taking & interest rate worries depressed the markets.

BP's first quarter has come in higher than market expectations with the U.K underperforming the U.S & Asia. They are going to sell half of their the petrochemical business and are considering an IPO on the refining part of the company. Extra output from its newly acquired Russian assets helped it to boost its daily production to just over 4 million barrels a day.

Tesco said its Tokyo unit hopes to take over an indebted Japanese supermarket chain after recently giving it some help.

Westbury housebuilder said annual profits rose 24 percent to 115.6 million pounds, in line with market estimates, delivering an 11th straight year of profit and dividend growth

Game Group reported an annual 4.5 percent rise in profit to 34.7 million pounds in line with expectations and said it was doubling its dividend to 2.0 pence. Turnover rose 8.3 percent to 607 million pounds but the firm sales fell 9.0 percent in the 11 weeks to April 17, they said they aim to beat a difficult market in 2004

British American Tobacco reported a three percent dip in first-quarter profits hit by the strength of the pound but said momentum in 2004 will continue. This profit of to 454 million pounds was well below market expectations

Amvescap (I), BP (Q1), SurfControl (I), Ferraris (I), Alexandra (F), Game (F), Robotic Technology Systems (F), Solitaire (F), Westbury (F), C.I. Traders (F), BAT (Q1)

Aviva (AGM), Bradford & Bingley (AGM), HBOS (AGM), Northern Rock (AGM), Benfield (AGM), Personal Holdings (AGM), Rank (AGM), Royalblue (AGM), Singer and Friedlander (AGM), UK Coal (AGM),

10:00 CBI quarterly industrial trends survey

DuPont , McDonald's, Verizon

15:00 Existing Home Sales (6.2M)

15:00 Consumer Confidence (88.3)

Vossloh, Software AG

Essilor International, Renault,

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