LONDON (ShareCast) - City sources predict the FTSE 100 will open down 26 points from yesterday's close of 6,416, as investors await the outcome of a meeting between Eurozone finance leaders - regarding the Cypriot bailout - set to take place in Dublin today.
Ministers are expected to try and reach and agreement in order to sign off on the deal.
Also on today's agenda are US businesses inventories, manufacturing inventories, retail sales and retail sale inventories, as well as EU industrial production.
In UK company news, miner Rio Tinto has suspended operations at its Bingham Canyon Mine after a slide occurred on the north eastern wall of the mine. The slide occurred along a geotechnical fault line of the wall following an acceleration of movement in recent weeks. "Pre-emptive measures were taken to relocate facilities and roads prior to the slide," the company said.
Aggreko, the temporary power and temperature control firm, has said that expectations for the full year remain unchanged after an in-line first quarter, with underlying group revenues up eight per year year-on-year. Underlying growth of 8.0% in the three months to March 31st represents a slowdown from the 14% growth seen in 2012.
European industrial property developer SEGRO has acquired Zeran Park II in Warsaw for 43.2m euro (£36.9m) from AREA Property Partners and Apollo-Rida Poland. The site comprises modern warehouses used for urban distribution and a small office totalling 49,900 sq m of space available to let, approximately 10 km from Warsaw city centre.
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