The FTSE 100 Index is a fraction under the 5,000 mark after adding about 17 points to 4997.80 points this morning, led by Reuters Group.
The news services firm has advanced 8.75p to 402p, after it completed its acquisition of financial information firm, Moneyline Telerate, for $145m in cash and its 14% interest in Savvis.
Diageo has climbed 15p to 802.50p, after analysts raised its stock rating. Diageo agreed to purchase Bushmills whiskey from France's Pernod Ricard SA.
Shire Pharmaceuticals is also 10p higher to 589.50p, after analysts rated its shares ‘buy’.
On the losing end, United Utilities 'A' shares have shed as much as 163.25p or 32.26% to 342.75p this morning, following yesterday's confirmation of the 165p price for new shares being issued under its rights issue plan. United Utilities shares are down about 3p to 682p. The water and energy group has warned of job losses at its newly acquired financial services business Marlborough Stirling, being absorbed by its IT services subsidiary Vertex.
Corus Group also declined 0.75p to 42.50p.
Chipmakers paced the Nikkei decline in Japan, after analysts told investors to sell shares of some of the firms in the sector because of falling prices.
The Nikkei 225 Stock Average lost 0.5% to 11,217.45 at its close early this morning, led by memory chipmaker Elpida, down 4.2% to 3,660 yen, along with Tokyo Electron, down 2% to 5,910 yen.
Additionally, NEC Electronics slipped 1.9% 5,100 yen, along with Toshiba losing 2.7% to 438 yen.
A rally in the yen against the dollar saw Nissan Motor lose 0.8% to 1,059 yen.
In the US the Dow Jones Industrial Average advanced 6 points to 10467.03 points at its close late last night, led by Boeing.
The engine maker added $0.89 to $65.55, while the chemicals and health firm Du Pont De Numours picked up $0.62 to $46.72.
General Motors meanwhile, has shed $0.51 to $30.42. The firm is under increasing pressure from investors to close plants due to a loss in the market share from rivals including Toyota Motor.
Computer firm IBM has slipped $0.79 to $75.IFAonline
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