StockMarketWire.com - UK stocks opened weaker on Monday as hopes of a Brexit deal began to fade and China released disappointing import and export data.

At 0839, the benchmark FTSE 100 index was down 37.39 points, or 0.5%, at 7.209.69.

Cybersecurity company Sophos jumped 36% to 577.6p after it agreed to be acquired by US private equity group Thoma Bravo for $3.82bn (£3.01bn).

Sophos shareholders were offered $7.40 cash per share, equivalent 583p based on the announcement exchange rate.

Iron-ore company Ferrexpo shed 0.2% to 147.35p on noting media reports claiming that chief executive Kostyantin Zhevago was being investigated by Ukraine for his business dealings there.

Ferrexpo said Zhevago denied any allegations of wrongdoing and that it was closely monitoring the situation.

Energean Oil and Gas shed 0.9% to 919p as it agreed to on-sell takeover target Edison Exploration and Production's Norwegian assets to Neptune Energy for $250m.

Emerging market asset manager Ashmore rose 0.2% to 480p after it reported flat net asset growth in the first quarter, as fund inflows were offset by a fall in the value of its investment portfolio.

Fashion retailer Superdry edged back 0.1% to 432.6p an announcing that co-founder Julian Dunkerton had been appointed as its permanent chief executive, having served in the role on an interim basis since April.

Dunkerton's contract had also been extended until April 2021.

Industrial chain and transmission product supplier Renold dropped 4.1% to 21.35p on guiding for a fall in first-half revenue after macroeconomic conditions weakened in the second quarter.

Fresh cream cakes retailer Cake Box fell 1.2% to 168p, even as it forecast a 6% rise in first-half sales.

Aviation services company John Menzies gained 0.3% to 400p as it appointed Alvaro Gomez-Reino as its new chief financial officer.

Gomez-Reino had held senior financial positions at Amey, Ferrovial and Swissport.

Logistics property investor Urban Logistics firmed 2.6% to 128.75p after the value of its portfolio rose 3.8% in the first half of its financial year.

Software group Scisys added 1.2% to 255p on being selected by Shearwell Data to provide IT services and project management to a livestock-tracking programme.

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