The FTSE 100 opened at 5,494 this morning, sliding 0.18% down in early trading despite a surge in M&A activity.
Social housing firm Connaught has been saved from collapse by Morgan Sindall, a building group, which will buy the bulk of the business, preserving 2,500 jobs.
Vodafone intends to sell its £33bn stake in US telecoms giant Verizon Wireless, The Telegraph reports. Vodafone's shares were up 0.53% to 160.3p a share this morning.
Tour operator Thomas Cook is set to acquire acquire Turkey-focused German holiday firm Öger Tours GmbH in a €30m deal. Thomas Cook shares were down 0.93% or 1.8 points to 192.2p today.
Meanwhile Standard Chartered bank is to buy a small and medium-sized enterprise-focused business in Singapore, with gross assets of more than $132m (£86m), although the value of the deal has not been disclosed.
Wetherspoon shares fell 0.81% to 439.9p following slower than expected sales growth. The pub chain posted just 0.1% growth in like for like sales over the year to 25 July, although it saw profits rise 7%.
Royal Bank of Scotland was the biggest winner in the FTSE, up 1.45% to 48.9p, while Tullow Oil was the heaviest faller, down 1.82% to £12.40
The FTSE 250 and the All Share were also down slightly this morning, while in Europe the Dax was down 0.16% and the Cac 40 in France was down 0.15%.
Further afield, China reported a surprise surge in imports during August, leading to a fall in its trade surplus to $20bnto $20bn (£13bn). Imports rose 35.2% from a year ago, faster than the 26.1% markets expected.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till