European Markets Mixed; Axis Surges as Canon Captures Video Surveillance Specialist

European stock indices are mixed, with the energy-heavy U.K. benchmark moving lower as oil prices slide. Technology stocks fare well, boosted by the prospect of more dealmaking as Swedish surveillance camera maker Axis Communications agrees to a $2.8 billion offer from Japan’s Canon. Swiss bank UBS falls on worries about the outlook, even after fourth-quarter earnings exceed expectations but in Vienna Raiffeisen International Bank gains after the Russia and Eastern European-focused lender announced capital raising measures following its plunge deep into the red in 2014.