City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,668 as markets take their lead from a flat finish in the US.

'Imperial Leather' soap maker PZ Cussons is to extend its consumer products range with the acquisition of the Fudge hair care brand from Australia's Sabre Group. PZ Cussons is paying £25.5m in cash for the brand and associated inventory.

Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. Both companies will deploy their own capital in these production enhancement projects and neither company will seek to book reserves or production.

Inter-dealer broker Tullett Prebon expects revenue for 2011 to be on a par with that seen in 2010, though using constant exchange rates, and adjusting for the impact of the closure in 2010 of the satellite offices in North America and for the recent acquisition of Convenção, revenue is expected to be around 2% higher.

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Related share prices
PZ Cussons (PZC) share price
Petrofac Ltd. (PFC) share price
Tullett Prebon (TLPR) share price