LONDON ( The Deal) -- European stock indices were mixed on Tuesday, with the energy-heavy U.K. benchmark moving lower as oil prices slid.
In London, the FTSE 100 slipped 0.40% to 6,809.80, with Tullow Oil (TUWOY) , BP(BP) - Get Report and Royal Dutch Shell (RDS.A) all losing ground. In Frankfurt, the DAX rose 0.16% to 10,680.22 and in Paris the CAC 40 gained 0.32% to 4,665.79. Greek stocks recovered, with the Athens benchmark up by more than 2% by early afternoon local time.
Separate figures from Italy and from the U.K. measuring industrial output in December showed an unexpected rebound in Italy, while the U.K. turned in a disappointing performance.
In Stockholm, surveillance camera maker Axis Communications was up more than 48% after Japan's Canon(CAJ) - Get Report offered a near-50% premium to acquire the company in a deal which values its equity at 23.6 billion Swedish kronor ($2.8 billion).
But in Zurich, UBS(UBS) - Get Report was down close to 4% by late morning after the bank warned of the impact of the strong Swiss franc and negative interest rates on its business as it posted better-than-expected fourth-quarter earnings.
In Frankfurt, German food retailer Metro was down almost 2% after reporting declining quarterly earnings and revenue because of the impact of the falling ruble on its business.
Hugo Boss (BOSSY) declined on news a Permira vehicle is cutting its stake to below 14%, and will sell a 10.4% stake on the market.
In Paris, tiremaker Michelin (MGDDY) tumbled more than 5% after reporting 2014 earnings that lagged forecasts.
In London, infrastructure services provider Babcock International Group (BCKIF) was one of the main gainers on the FTSE 100 as it reaffirmed its full-year earnings guidance in a positive quarterly update.
In Tokyo, the Nikkei 225 closed down 0.33% at 17,652.68. In Hong Kong, the Hang Seng closed up 0.03% at 24,528.10. Mainland Chinese indices moved higher.
Chinese consumer price data showed the rate of inflation plunged to 0.8% in January, below expectations and the lowest level for more than five years.