StockMarketWire.com - FTSE indices tiptoed lower in early deals, led south by resources and financial stocks after falls on Wall St on Friday and a mixed session in Asia overnight. The Scotland referendum continues to cast a pall over investor sentiment.

Petrofac (PFC) led the energy stocks down, off 1.6% to 1045p, followed by BP (BP.), down 1.58% to 462.73p. Wood Group (WG.) and BG Group (BG.) were lower, too. Miners were softer, but off the downward pace, led by Lonmin (LMI) and Glencore (GLEN).

Among the softer financial stocks were Royal Bank of Scotland (RBS), down 1.27% to 345.25p, and Lloyds (LLOY), down 1.15% to 73.72p. These were followed by Hargreaves Lansdown (HL.), and Standard Chartered (STAN).

SABMiller (SAB), up 4.72% to 3566.25p, led the blue-chip gainers after Heineken NV confirmed press reports it has been approached by that company. A statement issued last night said Heineken had consulted with its majority shareholder and concluded SABMiller's proposal was non-actionable.

TUI Travel (TT.) was up a more measured 1.44% to 365.3p, after it and TUI AG confirmed they had reached agreement on the terms of a recommended all-share nil-premium merger, which was to be implemented by way of a Scheme of Arrangement of TUI Travel.

BIGGER MOVERS

Reach4entertainment (R4E), up 10.36% to 5.38p, has booked an H1 pretax profit of £0.7m, from a loss of £0.1m a year earlier. Revenue was £41.5m, from £35.0m. It described the performance as in line with market expectations.

Webis Holdings (WEB) subsidiary WatchandWager.com has signed a further two-year agreement with the HKJC Horse Race Betting Ltd, a subsidiary of the Hong Kong Jockey Club to provide access to the HKJC pari-mutuel pools. Shares in Webis rose 19.24% to 3.13p.

Nevada-focused Great Western Mining (GWMO) has issued first results from its 2014 field programme on the Golconda Thrust Group, containing the four claim groups: TUN Group, EM Group, RH Group and JS Group. "This is an excellent development from the first results of the company's 2014 field programme," the company said. Its shares rose 16.8% to 0.73p.

Distil (DIS) has warned its full year results will be significantly below current market expectations. Its shares collapsed 23.9% to 0.78p.

Immunodiagnostic Systems Holdings (IDH) has warned FY revenues will be below current views and in the range of £45m-£47m. This included an anticipated adverse currency impact of circa £1.5m compared to 2013-14. Its shares plunged 15.43% to 397.5p.

LONDON HIGHLIGHTS

British Sky Broadcasting (BSY), down 0.31% to 871.25p, and Fresnillo (FRES), up 0.03% to 816.25p, were on the move ahead of seeking shareholder approval for respective acquisitions.

Spirent Communications (SPT), down 0.33% to 104.65p, has acquired Mobilethink A/S and its wholly owned subsidiary, Tweakker ApS for a cash consideration of $20 million, funded from existing cash resources.

Plastics Capital (PLA), the niche plastics products group, announces an update on trading for the financial year to date and is pleased to confirm that the Company is trading broadly in line with market expectations. Its shares fell 3.9% to 111p.

Galliford Try (GFRD), down 1.01% to 1224.5p, has been selected as preferred developer by Greater London Authority (GLA) to construct the Silvertown Way development in Canning Town, East London.

Avanti Communications' (AVN) revenues increased by 104% to $65.6m in the year to the end of June. The group reported positive ebitda for the full year for the first time. Its shares rose 7.17% to 196.38p.

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