FTSE 100 was little changed in early trading, up 4 points to 7,546. Oil giants Shell and BP lead the index as crude oil inches back above US$90 a barrel.
Just Eat agreed to sell its 33% holding in the Latin American joint venture iFood to Prosus. The deal will give Prosus full control of iFood.
UK retail sales picked up in July but continued to show longer-term signs that consumers are making cutbacks, according to the ONS. Sales were lifted by 0.3% last month.
The annual bonuses paid to water company executives rose by 20% in 2021. This was despite most of the firms failing to meet sewage pollution targets.
Among the small caps, Goodbody Health said revenue rose in the first half of 2022. However, the pace slowed towards the end of the period with an easing in demand for Covid PCR tests.
Made Tech saw revenue accelerate in the year to May, soaring 120%. The current year also started strongly.
Joules warned that it expects to report a full-year loss significantly below market expectations. Margins continue to be pressured by a heavily promotional environment.