P120 CEEFAX 120 Wed 29 Dec 13:13/28       HEADLINES  Reagan advisers cut growth forecast 122 Turner & Newall sell off US holding 123 Oil prices 124 Lower pound forecast 121  FT INDEX 1pm: up 1.8 at 592.0 130 STERLING $1.6210 (+1.5c) EFF£ 84.1 135 GOLD /OZ $456.75 at London AM Fix 136  REPORTS  Bids & Deals. 123 Shares....... 131/2 Companies.... 125 Gilts.......... 133 World Markets 126 Money Rate..... 134 Wall Street.. 127 Bullion........ 136 Stock Markets 128 Metals......... 137 Forex........ 129 Softs.......... 138 