The FTSE 100 index closed the day a fraction down as little inspired to keep trading confident.
The FTSE 100 closed the day up 10 points or 0.19% to 5,362.3 as BP gained 1.5p or 0.24% to 622p after it agreed to sell its Innovene petrochemicals unit to Ineos Group Holdings, a UK chemical maker for $9bn in cash.
Cable & Wireless, Britain's second-largest phone company, tumbled the most in almost three years and eventually closed down 20p or 14% to 121.75p after saying first-half sales dropped.
Cable & Wireless had earlier slumped 16% to 118.5p, its steepest drop in 34 months as the company said first-half UK revenue declined 6% to £765m from a year ago because of a drop in retail-service sales.
Reckitt Benckiser and Boots Group gained as Reckitt agreed to buy Boots' over-the-counter medicines unit for £1.93bn. Reckitt, which makes of Dettol antiseptics, rose 32p or 1.87% to £17.40. The transaction will almost double health-care revenue at Reckitt.
Boots gained 11.5p or 1.85% to 633.5p. The company plans to return some of the proceeds from the sale to investors in a dividend.
In the US, stocks are posting gains in early trading. The Dow Jones Industrial Average is up 8.17 points to 10,295.3.
Before the opening bell, the Labor Department reported the nation's unemployment rate rose to 5.1% last month. Payrolls fell for the first time in over two years. Even so, the decline of 35,000 wasn't as large as feared.
Delphi is said to be pressing the United Auto Workers for concessions, including a cut of in pay of more than half. The move is seen as a possible prelude to a bankruptcy filing for the troubled parts supplier.
Crude oil prices have risen today, hovering near $62 a barrel.IFAonline
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