UK stocks opened a little lower on Monday after strength in the mining and energy sectors was offset by weakness among some bellwether financials.
At 0859, the benchmark FTSE 100 index was down 6.61 points, or 0.1%, at 7,553.74.
Aldermore Group rose 2.3% to 309.4p after the challenger bank agreed to a £1.1bn takeover by South Africa's FirstRand, pitched at 313p a share.
The news did little to boost big banking stocks, with Barclays falling 1.5% and RBS shedding 0.9%.
Miners fared better, with Anglo American, BHP Billiton and Rio Tinto gaining 2.3%. 2.2% and 1.9%, respectively. Rio Tinto said it had appointed Simon Trott to the newly-created role of chief commercial officer.
The energy sector was also stronger, with BP and Shell up 0.3% and 0.4%, respectively. Smaller rival Kosmos Energy added 2.1% despite its net losses widening in the third quarter, as higher expenses offset rising production and revenue.
Budget carrier Easyjet eked out a 0.2% gain after revealing a 9.9% jump in October passenger volumes and stronger load factors.
Wizz Air rose a more convincing 1.3% after the addition of new routes to places like Georgia, Romania, Poland and Hungary triggered a 30.5% jump in October passenger numbers, while load factors improved.
Carillion added 3.3% after announcing that it had won two contract awards for Network Rail's Midland Mainline improvement programme.
Grafenia's first half turnover rose to £6.74m from £5.14m but earnings slipped and losses widened. Its shares fell 5.9%