Weekend News Update ETX Capital Financial Spread Betting 27

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					                                                   Sunday Newspaper Headlines
                                                   27 February 2011

                                               The Sunday Times
                                               -     Glencore looks to Chinese backers: Commodities giant opens talks with
                                                     sovereign wealth groups to bring in a cornerstone investor ahead of
                                                     blockbuster £37 billion London float

                                               -     Davies: Give politics a try: Former trade minister is planning to make it
                                                     easier for businessmen and women to move into governmental roles and

                                               -     Insurance Mogul makes £500 million market comeback: Entrepreneur Neil
                                                     Utley prepares flotation of motor and home insurance company Hastings
                                                     Direct that could see land him up to £150 million

                                               -     Chinese tycoon bags Eon network: Octogenarian billionaire and one of
                                                     Britain‟s biggest foreign investors is expected to buy the Midlands
                                                     electricity business for £3.7 billion

                                               -     XL Chiefs fly into new firm: Phil Wyatt and Halldor Sigurdarson have
                                                     become directors of flight broker Meridian Aviation following collapse of
                                                     XL Leisure

                                               -     Iain Dey: Lloyds‟ new broom will clear out the dead wood: When Antonio
                                                     Horta-Osorio takes over at the bank, it will not be run like the civil service
                                                     any longer — expect pain before rewards

                                               -     Battle to avoid new oil shock: Our economic recovery is secure, despite the
                                                     recent unrest in the Middle East — as long as the Saudis plug any shortfall
                                                     in oil supplies

                                               -     Ernst & Young faces telecoms deal probe after conflict claims: Creditors
                                                     accuse accountant of conflict of interest in handling collapse of Wind Hellas
                                                     after investors lost more than £1.3 billion

                                               -     ITV is poised to pay its first dividend in two years: Company‟s underlying
                                                     profits are expected to have nearly tripled to more than £300 million last
                                                     year after advertising spend bounced back

                                               -     RBS buys into beauty business: RBS is working on a deal to buy Erno Laszlo
                                                     with Charles Denton, who made millions building up toiletries company
                                                     Molton Brown

                                               -     Costain goes cool on Mouchel bid: Rebuffed Construction company to
                                                     consult senior shareholders before pulling the plug after Mouchel enters
                                                     talks with rival

                                               -     Irish asked Libya for bank bailout: A government delegation attempted to
Contact Details                                      agree a multibillion-pound cash deal with Gadaffi to help prop up the
Manoj Ladwa                    0207 392 1487         country's ailing lenders
Index and Equity Desk          0207 392 1479
                                               -     Bonus bonanza as HSBC triples profits to £13 billion: Giant bonuses will be
Institutional Equities         0207 392 1477
                                                     paid out as HSBC unveils the largest pre-tax gain by a British bank since the
Commodities                    0207 392 1403         start of the financial crisis
Options                        0207 392 1472
                                               -     Crisis oil on standby: The International Energy Agency says it will dip into its
Currencies                     0207 392 1455         1.6 billion barrel emergency stockpile if unrest keeps affecting supplies
Internet Dealing Desk          0207 392 1434

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  1                                                     Sunday Newspaper Headlines                    Refer to the last page for disclaimer
                                                                      27 February 2011

    -   Minister plays his noise box to lull rail Nimbys: The transport secretary hopes
        to show opponents living next to the proposed high-speed London to
        Birmingham rail link how quiet it is

    -   Minister signals 80mph limit: The transport secretary says gains from shorter
        journey times should be considered along with safety when setting the
        speed limit

    -   Balls calls for cut in fuel Vat to ease motorists‟ pain: The shadow chancellor
        has called on the government to ditch the recent Vat rise on petrol to ease
        motorists‟ misery

    -   Water firms soak public for £1.7 billion: Nearly 5 million people have been
        overcharged for drainage services they do not use, a damning report by
        former executives reveals

    -   Giant rings launch Olympic fever in Britain: In preparation for the start of
        the games next year, the iconic Olympic rings will start appearing at various
        landmarks across London

    -   The Tyrant‟s son and Chief Whitewasher: Saif Gadaffi appeared a liberal
        moderniser, weaving a web of influential friends in Britain to end his
        father‟s pariah status

    -   Lockerbie bomber „blackmailed‟ Gadaffi for release: Abdelbaset al-Megrahi
        blackmailed Gadaffi into freeing him by threatening to expose the dictator‟s
        role in the attack, it is claimed

    Financial Times
    -   Headhunters‟ hunt for heads is on: With the unprecedented searches for
        FTSE chairmen under way, investors are thinking hard about several new
        faces who are likely to lead UK companies

    -   New Lloyds Chief plays down expectations: António Horta-Osório, who
        officially takes over as head of the group next week, played a role in
        predicting gloomier-than-expected results for the lender, says Sir Win

    -   Ashmore buys majority stake in EMM: Emerging markets specialist says it is
        on the look-out for more following the acquisition of Emerging Markets
        Management, a US-based equities group

    -   New Tesco chief faces world of tough challenges: Arrival of Philip Clarke
        marks the retailer‟s biggest management transition for 14 years and comes
        as the group grapples with weak festive sales and a toiling US unit

    -   TowerBrook set for Jimmy Choo sale: The patriarch of the South African
        industrial family that founded Anglo American will retire after 40 years, but
        will remain chairman of De Beers, its diamond-mining affiliate

    -   Trade route leads Cameron into awkward dilemma: PM‟s near obsession
        with promoting trade came up against the short-term rewards and long-
        term perils of doing business with authoritarian regimes

    -   Petrobras reports strong profit growth: Brazil‟s state-controlled oil producer
        reported a 38% rise in quarterly profits and promised higher production this
        year, as it moved a step closer to becoming one of the world‟s top energy

2          Sunday Newspaper Headlines                   Refer to the last page for disclaimer
                                                                       27 February 2011

    -   Vale sees record profit in 2011: The world‟s largest miner of iron ore said it is
        expecting another record year of results in 2011 as Asian demand grows in
        spite of rising inflation

    -   BP Directors fail to show for TNK-BP meeting: BP‟s nominated Directors
        failed to attend TNK-BP‟s board meeting on Friday, preventing a vote on
        whether the Russian venture should join the alliance with Rosneft

    -   Companies concerned about rising fuel costs: Companies around the world
        have begun to warn about the impact of higher fuel costs on their
        businesses, raising fears about profits and inflation

    -   Lex: Porsche/VW: As the complex legal saga is extended, shareholders have
        no idea how to value Porsche; but one certainty is that VW would suffer
        badly if the deal fell through, and that seems to be in its price

    -   Revived CMA CGM secures funding for ships: The Marseilles-based container
        line, which came close to collapse last year, says it has financing in place for
        its remaining ship orders, amid record profits of $1.63 billion for 2010The
        Sunday Telegraph

    -   Google changes its search formula: Under pressure to improve the quality of
        its search results, the internet group revamps its algorithm for
        recommending websites in a bid to penalise those pushing 'low-quality'

    -   Silicon Valley goes local as it pursues small business: Daily deals websites,
        such as Groupon and LivingSocial, and the rise of mobile applications, has
        proved that an online presence does drive in-store traffic

    -   Ambani backs Madonna‟s Directorial debut: IM Global, a film financier and
        sales agency controlled by Mr Ambani‟s Reliance Big Entertainment, is selling
        distribution rights to W.E, Madonna‟s directorial debut, about the
        relationship of Edward VIII and Wallis Simpson

    -   D Telekom suffers surprise fourth-quarter loss: German telecoms group
        reports a surprise €582 million fourth-quarter loss on Friday following a €1.3
        billion writedown on impairments to its Greek and Romanian operations

    -   Telefónica hit by domestic downturn: Worse-than-expected full-year
        earnings as high unemployment and weak sentiment weaken the group‟s
        important domestic market

    -   VTB in Bank of Moscow victory: The senior managers at Bank of Moscow
        have agreed to sell their stakes and elect VTB‟s president, Andrei Kostin,
        chairman of the board, swiftly ending a corporate battle

    The Sunday Telegraph
    -   Warren Buffett on the hunt for major deals: Warren Buffett is on the hunt
        for more major deals, as his investment firm, Berkshire Hathaway, posted its
        strongest profits since the financial crisis began

    -   UK economy shrinks more than first thought: The British economy shrank
        even more than first thought in the last three months of 2010, official data
        showed, sending alarm bells ringing about the recovery

    -   US growth revised lower as state spending bite: America's recovery staged a
        less impressive fourth quarter than first estimated, it emerged today, as
        spending cuts by local government took the shine off the economy

3          Sunday Newspaper Headlines                    Refer to the last page for disclaimer
                                                                      27 February 2011

    -   Libyans make unlikely allies for Gulf of Mexico drillers: Those who make
        their living on the oil rigs in the Gulf of Mexico hadn't expected help would
        come from thousands of courageous Libyans

    -   Big profits mean big investment in UK's energy future: existing coal-fired and
        nuclear power stations will shut down by the end of the decade, leaving a
        gap in the country's electricity generating capacity. Filling that gap is a
        massive undertaking

    -   LSE Chief Rolet sees exchange in world's top six: Xavier Rolet, London Stock
        Exchange chief executive, has just been through an astonishing two weeks
        for his market

    -   Prudential's botched AIA deal still rankles: A year on from Prudential's
        ambitious but ultimately unsuccessful $35.5 billion bid for AIA, the future
        strategy of Britain's largest insurer is still not clear
    The Questor Column:

    -   Buy cash and asset rich Kier: The first was that the group has secured orders
        amounting to all targeted construction revenue for 2011 and 65% of its
        2012 target. This gives cracking visibility of earnings for the next two years.
        The second is its cash. Kier ended the period with £144 million on its balance
        sheet – which is about 30% of the company's market capitalisation. This was
        down from £175 million six months ago. The amount of cash is also
        expected to rise this year from its operations and the company plans to
        reduce its land bank, instead of buying speculatively for housebuilding. The
        land bank is worth about £200 million and Kier plans to sell half of it. Kier
        Group at £13.24 +45p, Questor Says “Buy”

    -   PHP proves the sweetest medicine for income-seekers: The Company is one
        of the largest providers of GP surgeries, pharmacies and other medical
        facilities across the country. It has a relatively low risk model because it
        builds properties to order, not speculatively. Full-year results from the group
        were excellent. The total rents received by the group increased by £5.6
        million to £26.6 million and the portfolio value increased from £341.9 million
        to £469.3 million. The prospective yield in 2011 is 5.5% and the company has
        long leases on its properties, meaning this income stream should be secure
        for many years. Primary Health Properties at 326½p -5½, Questor Says “Buy”

    The Independent on Sunday
    -   UK businesses fear collapse of £1.5 billion trade links with Libya

    -   Payday loan Chief denounces hidden fees of 'oligopoly' banks: Errol Damelin
        claims his high-interest loan business suits the needs of the Facebook

    -   British firms stand to lose millions in revolt: Britain stands to lose hundreds
        of millions of pounds in exports to Libya as a result of the country's bloody
        revolution, a former government minister warned yesterday

    -   Reed & Mackay venture into stake sale to fund expansion: Private-equity
        group ECI Partners is in exclusive talks to take a stake in Reed & Mackay,
        arguably the City's favourite travel agent. The move could also see ISIS
        Equity Partners, which holds a significant minority holding, add more equity

    -   Crossrail signal speed is essential in the search for a new Chief Executive: The
        search for the next Chief Executive of the £15 billion Heathrow-to-Essex
        Crossrail megaproject has moved one step closer with the appointment of
        City headhunter Odgers Berndtson

4          Sunday Newspaper Headlines                   Refer to the last page for disclaimer
                                                                    27 February 2011

    -   Tesco pushes off £200 million trolley war: Tesco has turned up the heat in
        the latest supermarket price war with a £200 million campaign to reduce
        prices on more than a 1,000 "everyday" products

    -   BC Partners extends talks to buy Italian store chain: Private-equity firm BC
        Partners has extended its exclusive talks to buy Italian department store and
        clothing group Gruppo Coin

    -   BA warns on fuel surcharges amid turmoil in oil market: International
        Airlines Group (IAG) – created by the merger of British Airways and Spain's
        Iberia – is keeping its fuel surcharges under review in the light of the oil
        price spike caused by the unrest in the Middle East

    -   1,000 jobs lost at Auto Windscreens: More than 1,000 Auto Windscreens
        workers have lost their jobs after administrators said they had been unable
        to save the business

    -   JJB seeks backing for rescue plan: JJB Sports submitted a final draft of its
        restructuring plan to its lender, Bank of Scotland

    -   Protesters threaten to derail high-speed line: Ministers launch 'hearts and
        minds' campaign to counter deepening opposition to new rail network

    The Guardian
    -   Still-fragile world economy braced for effects of another oil shock: Indebted
        households have already tightened belts. Higher petrol costs are likely to
        depress demand and prices

    -   Bank of England split deepens as Adam Posen downplays inflation threat:
        MPC member Adam Posen said he was not worried about inflation in the
        UK because wage growth is set to stay low for the next two years

    -   UK Uncut and US sister group stage more protests at banks: Over 40 UK
        branches saw action by campaign group, including a 'big society reading
        room', a 'job centre' and a teach-in

    -   Tobacco firms accused of funding campaign to keep cigarettes on display:
        National Federation of Retail Newsagents' campaign is being influenced by
        the tobacco industry, says trade body's ex-leader

    -   Fianna Fáil trounced as Fine Gael and Labour set to form coalition: Enda
        Kenny set to be new Taoiseach as financial crisis pushes ruling elite into
        fourth place in Ireland's general election

    -   Gunmen mount bomb attack on Iraq's largest oil refinery: Beiji refinery is
        among two to be shut down on the same day after fire at smaller refinery in
        Iraq's south

    -   Government hunts for 'plan B' on internet piracy proposals: Working group
        to search for compromise to avoid potential litigation from blocking of
        websites accused of illegal filesharing

    -   Brazilian judge blocks plans for construction of Belo Monte dam

    -   Lord Patten confirmed as 'preferred candidate' for BBC Trust Chairman:
        David Cameron approves appointment and Patten now faces a pre-
        appointment hearing on 10 March

    -   Liberal Democrat ministers asked for 'tithe' as party faces financial crisis:
        £40,000 voluntary payment from Lib Dem ministers to help close £1.25
        million gap left in party finances by move into coalition

5          Sunday Newspaper Headlines                 Refer to the last page for disclaimer
                                                                      27 February 2011

    The Mail on Sunday
    Broker Views:

    -   ARM Holdings: Bank of America upgraded its rating on the stock to

    -   Aggreko: RBC Capital Markets upgraded its rating on the stock to
        “Outperform” with a target price of 1,585.00p

    -   British American Tobacco: Nomura reiterated its “Buy” rating on the stock
        with a target price of 2,800.00p

    -   Kazakhmys: UBS upgraded its rating on the stock to “Buy” with a target
        price of 1,800.00p

    -   Lloyds Banking Group: Seymour Pierce reiterated its “Hold” rating on the
        stock with a target price of 72.00p

    -   Ricardo: Jefferies downgraded its rating on the stock to “Hold” with a
        target price of 345.00p

    Daily Express
    -   150,000 Firms on the brink : April will be the tipping point for up to 150,000
        small and medium-sized businesses already on the brink of failure as
        government cuts, fuel duty increases and potential interest rate rises hit
        home, warns a leading insolvency expert

    -   Developer seeks probe into why MRSA Detector is being stalled: UK backers
        of innovative technology which would allow rapid detection of the MRSA
        superbug in hospitals are set to ask US drug regulators to investigate why it
        has failed to come to market despite achieving EU regulatory approval

    -   Williams F1 gears up for £227 million Frankfurt float: Williams F1 team drives
        onto the Frankfurt stock market this Wednesday in a move that could value
        the company at up to £227 million

    -   Barclays facing investor revolt over dividend: shareholders at Barclays are
        plotting to revolt over the “low” dividend payouts they receive while the
        bank pays billions in bonuses to its investment bankers and senior directors

    -   Watchdog orders firms to cut out unfair small print: The office of Fair
        Trading has issued a clampdown on companies ordering them to make
        contracts of business clearer for consumers after revealing that one-in-five
        people had experienced a problem in the last year

    -   Banks must face tougher tax laws: Tougher laws must be introduced to stop
        banks reducing their tax bills, a top aide to George Osborne said last night

    -   Irish show their anger at the polls: Ireland was last night heading for a
        change of government as voters vented their fury over the recession and
        £72 billion European bail-out

    -   NHS: David Cameron urged to back patients' vouchers : David Cameron is
        being asked to introduce a voucher system for patients in an attempt to
        save billions from the NHS budget

    -   Incoming leader vows bailout review: Ireland's incoming leader has vowed
        to begin efforts to renegotiate the country's crippling 85 billion euro bailout
        next week

6          Sunday Newspaper Headlines                   Refer to the last page for disclaimer
                                                                    27 February 2011

    The Scottish Herald
    -   Monetary Policy Committee member sees no big                increase in wage
        settlements: Monetary Policy Committee dove Adam            Posen argued last
        night there was no prospect of big increases in wage        settlements arising
        from above-target inflation – highlighting a lack of         bargaining power
        among workers at a time of high unemployment

    -   £2 billion is wiped off stock market value of Lloyds: Shareholders yesterday
        slashed £2 billion from the value of Lloyds Banking Group after it unveiled
        £4.3 billion in bad debts from Ireland as the shocks from its troubled
        acquisition of Halifax Bank of Scotland keep on coming

    -   Housing charity claims rents are too costly: Rents in many parts of Scotland
        including Edinburgh and Aberdeen are unaffordable for an increasing
        number of working people, according to housing charity Shelter and the
        National Landlords Association (NLA)

    -   Melrose unaffected by political turmoil in Egypt: Melrose Resources said
        yesterday it has seen no disruption to its production and drilling in Egypt
        despite the political upheaval in the country

7          Sunday Newspaper Headlines                 Refer to the last page for disclaimer
                                                                                                 27 February 2011

The Week Ahead
Global Economic Calendar
                                        Time -
Date                        Country                Economic Indicator                                          Month
                            UK        00:01        Gfk Consumer Confidence                                    Feb
                            EU        10:00        HICP - Core (Final)                                        Jan
                            EU        10:00        HICP (Final)                                               Jan
                            EU        10:00        CPI - Core                                                 Jan
                            EU        10:00        Zone Consumer Price Index                                  Jan
                            France    07:45        Producer Prices                                            Jan
                            US        13:30        Personal Income                                            Jan
                            US        13:30        Personal spending                                          Jan
                            US        13:30        Fed's Dudley to Speak on Economic Outlook in               -
                                                   New York
                            US        13:30        Personal Consumption Expenditure Core                      Jan
                            US        13:30        Personal Consumption Expenditure Deflator                  Jan
                            US        13:45        Fed's Rosengren Speaks on Panel in Boston                  -
  Monday, 28 February2011
                            US        14:45        Chicago Purchasing Manager                                 Feb
                            US        15:00        NAPM-Milwaukee                                             Feb
                            US        15:00        Pending Home Sales                                         Jan
                            US        15:30        Dallas Fed Manufacturing Activity                          -
                            Japan     01:00        Small Business Confidence                                  Feb
                            Japan     04:00        Vehicle Production                                         Jan
                            Japan     05:00        Housing starts (ann)                                       Jan
                            Japan     05:00        Construction orders                                        Jan
                            Japan     05:00        Housing starts                                             Jan
                            Japan     23:30        Job-To-Applicant Ratio                                     Jan
                            Japan     23:30        Household Spending                                         Jan
                            Japan     23:30        Jobless Rate                                               Jan
                            UK        07:00        Nationwide House Prices s.a.                               Feb
                            UK        08:00        Halifax House Price Index   (1st-4th   Mar)                Feb
                            UK        09:30        M4 Money Supply                                            Jan
                            UK        09:30        PMI Manufacturing                                          Feb
                            UK        09:30        M4 Ex OFCs 3M Annualised                                   Jan
                            UK        09:30        Net Consumer Credit                                        Jan
                            UK        09:30        M4 Money Supply                                            Jan
  Tuesday, 01 March 2011    UK        09:30        Net Lending Securities on Dwellings                        Jan
                            UK        09:30        Mortgage Approvals                                         Jan
                            EU        09:00        PMI Manufacturing                                          Feb
                            EU        10:00        Unemployment Rate                                          Jan
                            EU        10:00        CPI Estimate                                               Feb
                            Germany   08:55        Unemployment Change                                        Feb
                            Germany   08:55        Unemployment Rate s.a.                                     Feb
                            Germany   08:55        PMI Manufacturing                                          Feb

  8                                   Sunday Newspaper Headlines                   Refer to the last page for disclaimer
                                                                                                 27 February 2011

                            France    08:48        PMI Manufacturing                                          Feb
                            US        15:00        Construction Spending                                      Jan
                            US        15:00        ISM Manufacturing                                          Feb
                            US        15:00        ISM Prices Paid                                            Feb
                            US        22:00        Domestic Vehicle Sales                                     Feb
Tuesday, 01 March 2011      US        22:00        Total Vehicle Sales                                        Feb
                            Japan     01:30        Labour Cash Earnings                                       Jan
                            Japan     05:00        Vehicle Sales                                              Feb
                            Japan     23:50        Monetary Base                                              Feb
                            China     01:00        PMI Manufacturing                                          Feb
                            China     02:30        HSBC PMI Manufacturing                                     Feb
                            UK        05:00        Halifax House Price                                        Feb
                            UK        05:00        Halifax Plc House Prices s.a.                              -
                            UK        09:30        PMI Construction                                           Feb
                            EU        10:00        PPI                                                        Jan
                            US        05:00        Fed's Beige Book                                           -
                            US        12:00        MBA Mortgage Applications                                  25-Feb
                            US        12:30        Challenger Job Cuts                                        Feb
                            US        13:15        ADP Employment Survey                                      Feb
                            US        13:15        ADP Employment Change                                      Feb
 Wednesday, 02 March 2011   US        15:00        Bernanke to Give Semiannual Testimony at                   -
                            US        15:30        DOE US Crude Oil Inventories                               25-Feb
                            US        19:00        Fed Releases Beige Book Economic Survey                    -
                            Japan     23:50        Capital Spending                                           Q4
                            Japan     23:50        Loans & Discounts Corp                                     Jan
                            Japan     23:50        Japan Buying Foreign Bonds                                 25-Feb
                            Japan     23:50        Japan Buying Foreign Stocks                                25-Feb
                            Japan     23:50        Foreign Buying Japan Bond                                  25-Feb
                            Japan     23:50        Foreign Buying Japan Stocks                                25-Feb
                            UK        00:01        Hometrack Housing Survey                                   Feb
                            UK        09:30        PMI Service                                                Feb
                            UK        09:30        Official Reserves (Changes)                                Feb
                            EU        09:00        PMI Service                                                Feb
                            EU        09:00        PMI Composite                                              Feb
                            EU        10:00        Retail Trade                                               Jan
  Thursday, 03 March 2011   EU        10:00        GDP (Prelim)                                               Q4
                            EU        10:00        Household Consumption                                      Q4
                            EU        10:00        Gross Fixed Capital                                        Q4
                            EU        10:00        Government Expenditure                                     Q4
                            EU        12:45        ECB interest rate announcement                             -
                            EU        12:45        ECB Rate Decision                                          Mar
                            EU        13:30        ECB press conference following interest rate               -
                            Germany   08:55        PMI Service                                                Feb

  9                                   Sunday Newspaper Headlines                   Refer to the last page for disclaimer
                                                                                              27 February 2011

                          France   06:30        ILO Unemployment                                           Q4
                          France   08:48        PMI Services                                               Feb
                          US       05:00        ICSC Chain Store Sales                                     Feb
                          US       13:30        Non Farm Productivity (Final)                              Q4
                          US       13:30        Unit labour costs (Final)                                  Q4
                          US       13:30        Initial Jobless Claims                                     26-Feb
                          US       13:30        Continuing Claims                                          19-Feb
                          US       13:30        Change in Non-farm Payrolls                                Feb
                          US       13:30        Change in Private Payrolls                                 Feb
Thursday, 03 March 2011   US       13:30        Unemployment Rate                                          Feb
                          US       13:30        Change in Manufacturing Payrolls                           Feb
                          US       13:30        Average Hourly Earnings                                    Feb
                          US       13:30        Average Weekly Hours                                       Feb
                          US       14:45        Bloomberg Consumer Comfort                                 Feb
                          US       15:00        ISM Non-Manufacturing Composite                            Feb
                          US       15:00        Factory Orders                                             Jan
                          US       15:30        EIA Natural Gas Storage Change                             25-Feb
                          US       16:00        Fed's Kocherlakota Speaks in St. Cloud,                    -
                          Japan    01:30        BOJ Board Member Tadao Noda to Speak in                    -
                          China    01:00        PMI Non-manufacturing                                      Feb
                          China    02:30        China HSBC Services PMI                                    Feb

10                                 Sunday Newspaper Headlines                   Refer to the last page for disclaimer
                                                                                                         27 February 2011

UK Corporate Calendar

                                                                                                 Trading / Quarterly
Date                       Finals                                 Interims
                           Avis Europe Plc, Bloomsbury            Baqus Group, Cheerful          Associated British
                           Publishing Plc, Bunzl Plc,Goals        Scout, Craneware, Hays,        Foods Plc
                           Soccer Centres Plc, HSBC Holdings      Waterman Group
                           Plc,Hiscox Ltd., The Keller Group,
                           Law Debenture Corp,
Monday, 28 February 2011   Minorplanet Systems, Pearson
                           Plc, Sagentia Group Plc, Senior
                           Plc, Ultra Electronics Holdings Plc,
                           WSP Group Plc, Balmoral
                           International Land, Kingspan
                           Group, New Britain Palm Oil Ltd.
                           Cookson Group Plc, Elementis Plc,      Ricardo Plc, AI Claims         -
                           Fresnillo Plc, GKN Plc, Jardine        Solutions, Dawson
                           Lloyd Thompson Group Plc,              International, Eleco
                           Lavendon Group Plc, Meggitt Plc
                           , Moneysupermarket.Com Group
                           Plc, Provident Financial Plc,
 Tuesday, 01 March 2011    Persimmon Plc, Rotork Plc, United
                           Business Media Plc, Xchanging Plc
                           London, CRH, Development
                           securities, Hydro International ,
                           Molins, Promethean World, Share
                           Plc, United Business Media Ltd.,
                           Development Securities Plc
                           Admiral Group Plc, Amlin Plc,          Sportingbet Plc                Whitbread Plc
                           BBA Aviation Plc, Cape Plc,
                           International Personal Finance
                           Plc, International Power Plc, ITV
                           Plc, LSL Property Services, Oxford
                           Biomedica Plc, RPS Group Plc,
                           Robert Walters, Serco Group Plc,
Wednesday, 02 March 2011   Standard Chartered Plc, Unite
                           Group Plc, 4imprint Group,
                           Capital & Counties Properties,
                           Carillion, Fiberweb, Fyffes,
                           GlobeOp Financial Services SA,
                           Goldenport Holdings Inc., Irish
                           Life & Permanent Group Holding,
                           Macfarlane Group
                           Amec Plc, Aviva Plc, Balfour           -                              Kazakhmys Plc,
                           Beatty Plc, Communisis Plc,                                           Liontrust Asset
                           Cobham Plc, CPP Group Plc,                                            Management
                           Hardy Underwriting Bermuda
                           Ltd, Howden Joinery Group
Thursday, 03 March 2011
                           Plc,IMI Plc ,Novae Group Plc,
                           Psion Plc, Spirent
                           Communications Plc, Trinity
                           Mirror Plc, Taylor Wimpey Plc,
                           Vitec Group Plc, ACTA SPA
                           Charlemagne Capital, Quadnetics        -                              SThree Group Limited
  Friday, 04 March 2011    Group Plc, WPP Plc, Just Car                                          London
                           Clinics Group

  11                                      Sunday Newspaper Headlines                       Refer to the last page for disclaimer
                                                                                                                         27 February 2011


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