FTSE tipped to open firmly lower as Irish bailout doubts persist

PRE-OPEN REPORT: Headline shares are tipped to open 28 to 34 points lower, according to financial websites, as doubts over the Irish bailout persist, with Severn Trent the blue chip earnings focus of the day.

In America last night, the Dow fell 25 points at 11,179, the Nasdaq Composite rose 14 points at 2,532 and the S&P500 shed two points at 1,198.

In Asia today, the Nikkei was last up 93 points at 10,115, while the Hang Seng ended the morning down 420 points at 23,103.

Crude oil traded at £51.12 a barrel on Nymex and gold settled at £854.94 an ounce.

In the corporate diary for the day, interim results are due from Alpha Bank, Assura Group, Bango, Caledonia Investments, Carclo, De La Rue, Digital Marketing Group, Espirito Santo Financial Group and others.

Final results are listed by Armour Group, Education Development International, GW Pharmaceuticals, Mitchells & Butlers and Renew Holdings.

A trading statement is expected from Clinton Cards while Alternative Asset Opportunities, Aquarius Platinum, BlueBay Asset Management and Clinton Cards are among those hosting their AGMs.

For the latest AIM and FTSE news, plus the West Midlands risers and fallers, go to our Shares & Markets section. Click here

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