The FTSE 100 Index is little changed this morning, adding 0.3 of a point to 6026.40 points, led by caterer Compass Group.
Compass Group has risen 3.9% to 238.5p after saying it will sell its travel services business to investors led by Sweden's billionaire Wallenberg family and Macquarie Bank for £1.82bn.
Vodafone has gained 0.8% to 126.75p. It will award an outsourcing contract which could save the company £300m and lead to job cuts.
Meanwhile, Kingfisher has declined 0.2% to 233.25p. The home-improvement retailer appointed former Carrefour SA head Daniel Bernard as deputy chairman.
United Utilities has also fallen 0.7% to 685p after the water company said it appointed Tim Weller as the company's new chief financial officer.
In Japan, the Nikkei 225 Stock Average lost 106.79 points, or 0.6%, to 17,456.58 points after a US employment report increased speculation the Federal Reserve will keep raising borrowing costs.
But Inpex Holdings, Japan's largest oil explorer, jumped, leading energy shares higher. The company will spend as much as $6bn to build a liquefied natural gas plant in Australia.
Losses narrowed in the afternoon after a government report showed Japan's machinery orders increased by 3.4% in February from a month earlier, exceeding the median 3.2% estimate in a Bloomberg News survey.
In the US, the Dow Jones industrial average fell 96.46 points, or 0.86%, to 11,120.04 points on Friday as investors fretted a stronger-than-expected March job growth report will give the Federal Reserve more ammunition to push interest rates higher.
AIG, the world's largest insurer by market value, dropped 1.6%, or $1.06, to $64.38 and was the biggest drag on the Dow.
Shares of JP Morgan Chase also lost 1.4%, or 59 cents, to $41.70.
Crude oil futures for May delivery dropped almost 1%, or 55 cents, to $67.39 a barrel, taking Exxon Mobil down 1.2%, or 76 cents, to $61.33 and ConocoPhillips 1.9%, or $1.29, lower to $65.96.
Meanwhile, shares of Alcoa rose 1.1%, or 34 cents, to $32.50 on optimism about its quarterly earnings report on Monday.IFAonline
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