Bay Capital Share News (BAY)

London's top stocks are expected to open slightly lower on what is another relatively busy day on the company news front. Traders expects Footsie to drop 6 points early on.British Airways said it will further cut capacity, parking a total of 22 aircraft during winter 2010, as it swung to a loss in the first quarter. The airline reported an operating loss of £94m in the three month ended 30 June compared with a profit of £35m last time. Total revenue in the period was down 12.2%.Bid-threatened miner Anglo American saw underlying earnings slump by nearly 70% in the first half of 2009 as the impact of the global downturn on demand for commodities took its toll. Pre-tax profits fell to $3.63bn from $6.47bn on revenues of $11.1bn, down 38%, but underlying earnings picture showed a much steeper fall to $1.1bn from $3.48bn.Real estate firm Liberty said results for the six months to June reflect a continuation of the "very difficult" retail environment and reductions in property values. Pre-tax losses narrowed slightly to £452m from £458m last year, while group net rental income fell 2% to £190m.Homeserve said the year has started well with continuing policy growth and high renewals rates across its three core membership businesses. The group's expectations for the full year remain unchanged.