LONDON ( The Deal) -- European markets moved lower Monday morning as a series of risk factors weighing on traders' thinking from uncertainty. These range from fighting in the Middle East and Ukraine, the likely news from the Federal Reserve's two-day monetary policy meeting, the latest signs of slowdown in the Chinese economy, the indecisive outcome of Sundat's Swedish election and fears over the Scottish independence referendum on Friday.
Watch the video below for a closer look at how European markets are doing in midday trading Monday:
Yet a splurge of varying company news meant some stocks were actually helping pull markets higher. In London, top riser was brewer SABMiller (SBMRY) , p 5.7% at 3,592.5 pence on news that Dutch rival Heineken (HKHHY) had received and rejected its takeover proposal. Heineken itself was up 1.56%. While the deal might not happen, the announcement revived ideas of further industry consolidation.
Electronic goods retailer Dixons Carphone was up 2.07% at 379 pence, on news of the bankruptcy of its main cellphone retailer rival Phones 4u. Two big network operators, Vodafone and EE Ltd., which together account for 90% of Phones 4u's connections, have said they won't renew their contracts with the company.
Another big riser was travel and holiday company TUI Travel, up 1.92% at 367 pence, after announcing the details of its planned merger with its German parent TUI AG. Shareholders in the U.K. company will own 46% of the combined business, while shareholders in TUI AG will own 56%.