UK stocks turned in a mixed performance Monday morning as investors made cautious moves despite easing geopolitical tensions and a sharp drop in oil prices. The FTSE 100 edged down 2.70 points, or 0.02%, to 10,865.35, while Brent crude futures tumbled nearly 5% before recovering to $83.60 a barrel. AstraZeneca dropped 5.2% on reports of merger talks with Bristol Myers Squibb, and IG Group Holdings fell 5.6%. The S&P Global UK Manufacturing PMI eased to a four-month low of 51.9 in July from 52.5 in June, though it remained above the 50 mark for a ninth straight month.
AstraZeneca PLCDropped 5.2% on reports of merger talks with Bristol Myers Squibb.
Bristol-Myers Squibb Company
IG Group Holdings PLCFell 5.6% with no specific cause stated in the article.