The FTSE 100 is broadly flat at 6,919.10 after a strong performance from Chinese shares overnight.
Betting firm William Hill (WMH) slips 1.1% to 330.2p as it rejects the latest offer from 888 Holdings (888) and Rank (RNK) regarding a potential combination of the three. The cash and shares offer is estimated to be pitched at 352p against a previous bid of 339p.
William Hill points out the revised proposal represents a premium of just 12% to the 314p the shares were trading at before the announcement of an approach.
Housebuilder Bovis Homes (BVS) is down 1.2% to 826p as it posts its interims. Investors are focused on a lack of guidance on the impact of Brexit and a slight softening in sales rates rather than double digit increases in revenue and pre-tax profit.
The company also owes the US outfit royalties when it starts selling its own bovine semen processing technology after agreeing to use Inguran’s technology in 2012. Genus has requested an injunction to terminate that agreement. Shares rise 1.8% to £18.13, after falling around 10% on Friday when the initial findings were announced.
Retailer DFS Furniture (DFS) adds 6.2p at 266.2p as Berenberg urges clients to 'buy' with a 310p price target. The broker believes the upholstered furniture play's 'strong brand, in-house manufacturing, low fixed cost base, strong cash generation and made-to-order product model leave it well-positioned should any slowdown arise' following the Brexit vote.
Film and TV rights business and owner of Peppa Pig Entertainment One (ETO) is up 7% to 255p on reports private equity firm KKR is set to launch a counter bid after ITV (ITV) failed with a 236p approach last week.