The benchmark FTSE 100 Index added 1.9 points, to 4618.30, led by Scottish & Newcastle after Merrill Lynch raised its recommendation on shares to ‘neutral' from' ‘sell'.
Scottish & Newcastle climbed 7.5p to 405p with the company adding it expects to meet analysts' forecasts of a profit gain of as much as 9.3 % this year.
Glenmorangie rose as much as 237.5p, or 17% to 1,662.5p, the highest in 15 years. LVMH Moet Hennessy Louis Vuitton, the world's largest luxury-goods company, agreed to buy the whisky distiller for £300m, to add to its list of brands.
Reuters Group picked up 1.75p to 349.75p. The world's largest publicly traded provider of financial information said it is in exclusive talks with BT to sell its Radianz network unit.
HSBC is down 4p to 885p.
Tokyo's Nikkei 225 index traded down at close earlier this morning, led by Fuji Photo, down 1.6% to 3,650 yen on concerns gains in the Japanese currency against the dollar will erode earnings and increasing fuel prices will slow economic growth.
The Nikkei fell 0.9% to 10,789.23. It has dropped 5.2% since reaching a 2 1/2-month high earlier this month, as crude oil's surge to more than $55 a barrel hampers growth in Japan, which imports 99% of its oil.
Canon, maker of digital cameras, was down 0.8% to 5,190 yen. Canon says a one-yen change against the dollar impacts group sales by 6.1bn yen and operating profit by 2.5bn yen.
Sumitomo Metal Mining picked up 1.4% to 729 yen, while Dowa Mining gained 1.2% to 667 yen.
Toshiba picked up 2.5% to 416 yen.
The Dow Jones Industrial Average traded down 10.96 points to 9886.93 points by close yesterday. The loss was limited by gains among energy stocks, erasing earlier steeper falls in the index.
3M Company closed up $1.41 at $76.80.
Honeywell International shed $1.64 to $33.80.IFAonline
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