European Stocks Rise in Cautious Trading

LONDON (TheDeal) -- The main European markets started the week in mildly positive territory on Monday, although on some of the smaller national exchanges the picture was mixed. Investors were expected to remain cautious until Thursday's Federal Reserve announcement of its decision on whether or not to raise interest rates. There was also better-than-expected news on industrial production in the eurozone, which grew 0.6% in July, after two months of contraction.

The FTSE 100 was up 0.55% at 6,151.65. The DAX rose 0.32% to 10,155.67 and the CAC 40 gained 0.28% at 4,561.25.

In London, national and regional newspaper publisher Trinity Mirror  (TNMRY) made the front page with talks to buy the 80% of small-town newspaper specialist Local World Holdings that it does not already own. The target, headed by a former Trinity Mirror CEO David Montgomery, is 38.7% owned by Trinity Mirror rival Daily Mail & General Trust (DMTGY) . A weekend report in the Sunday Times (owned by Rupert Murdoch's News Corp (NWS) ) suggested a deal could value the business at £200 million ($301 million). Trinity Mirror was up 6.83% at 148.5 pence, while DGMT was up 0.83% at 788.00 pence.

Mining company Anglo American has completed the sale of its interest in the Norte copper business to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor. The deal was first announced in August and values the Chilean operation at $300 million. Anglo American was up 1.99% at 732.70 pence. Other miners were also higher.

Testing, auditing and quality control group Intertek  (IKTSY) ticked up 0.16% to 2,497 pence, announcing the acquisition of Danish quality assurance service provider Dansk Institut for Certificering. It didn't disclose a price, but said the deal would expand its services in the Nordic Regtion.

On the junior AIM market, money-losing insurance claims processor Quindell slipped 2.27% to 97 pence a share after U.S. distressed debt investor Beach Point Capital Management LP raised its stake in the company to 5.04%. Quindell's past accounting practices are under investigation by the U.K. Serious Fraud Office, but the company appointed a new CEO in August and has been trying to put its past behind it.

In Finland, Nasdaq OMX-listed telecoms equipment maker Nokia (NOK) ticked up 1.82% to €5.87, on news that its acquisition of French peer Alcatel Lucent (ALU) has received the green light from the Committee on Foreign Investment in the United States. Alcatel was up 1.91% in Paris at €3.15.

In Asia, the Nikkei 225 closed down 1.63% at 17,965.70, while in Hong Kong, the Hang Seng ticked up 0.27% to 21,561.90. In China, the Shanghai Composite was down 2.67% after another day of selling. The tech-heavy Shenzhen Composite was down 6.65% at 1,662.889.

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