The FTSE 100 fell 1 point to 6202 today as stocks slipped into the red in afternoon trades as ITV and Icap topped the fallers on bid uncertainties.
ITV fell 2.18% to 112.00p after it rejected NTL's £4.7bn approach with the US cable operator saying it was considering its options.
Inter-dealer broker Icap lost 1.75% to 478.00p after it said it was not interested in bidding for the London Stock Exchange, which recently rejected a proposal from Nasdaq.
Among the risers, Scottish & Southern Energy lead the pack up 3.60% to 1,498p, while Lonmin also posted good gains on possible bid hopes up 3.36% to 3,080p.
In the US the Dow Jones Industrial Average is down 17.30 points, or 0.1%t, at 12,299.24 led by Intel and General Motors.
Intel, the world's biggest maker of computer processors, has lost 52 cents to $21.75. Novellus Systems, which makes semiconductor-production equipment, has dropped $1.13 to $31.97 and Broadcom, a manufacturer of chips used in consumer products, has declined $1.20 to $35.80.
GM has slumped 99 cents to $33.19, bringing its three-day retreat to 6.6%.
Crude for January delivery has risen 1% to $59.37 a barrel in New York after the Trans-Alaska Pipeline System limited the amount of oil it will carry and a North Sea platform was shut because of a gas leak.
Valero Energy, the largest US oil refiner, has gained $1.05 to $52.79. Schlumberger, the world's biggest oilfield- services provider, has added $1.19 to $64.44.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till