Shares in Amino Technologies rose over 8% early on Tuesday, after the group reported a hike in first half profits.
Investors were keeping their powder dry ahead of a raft of earnings reports from several US tech heavyweights due out after the close on Tuesday while pondering their next move after the bounce seen in stocks over the past fortnight.
A further considerable improvement in UK public finances should be the main item of interest for macroeconomic data hounds on Tuesday, in an otherwise very quiet day for scheduled economic data.
Mid caps gained slightly on Friday as strong performances from construction, telecommunication and retail stocks offset a disappointing end to the Eurogroup meeting on Greece.
RBC Capital Markets downgraded BP to' sector perform' from 'outperform' and kept the price target at 500p, following the stock's significant outperformance versus its closest peer Royal Dutch Shell.
Goldman Sachs downgraded PZ Cussons to 'neutral' from 'buy', noting that the stock has outperformed the sector by 14% in the year to date.
PZ Cussons, the maker of bath products Imperial Leather and Original Source, said its full-year performance was in line with expectations.
Broker Panmure Gordon has downgraded its rating on PZ Cussons to 'sell' as the surging shares in the personal healthcare and consumer goods group no longer reflect likely currency headwinds.
UK stocks are headed for a higher start on Thursday as investors this side of the Atlantic react to the minutes of the latest Federal Reserve meeting, which showed that policymakers were divided on the right time to hike rates.
Consumer products group PZ Cussons has said that trading over the third quarter was in line with its expectations.
The Bank of England (BoE) is on Thursday widely expected to keep interest rates at the record low of 0.5% and the asset purchase programme at £375bn.
Consumer products group PZ Cussons has spent £21m in cash to buy out its partner Glanbia in their Nigerian joint venture Nutricima.
Political tension in Nigeria and the devaluation of the local currency hit first half profit of soap maker PZ Cussons.
High levels of disruption in the northern region of Africa and the 8% depreciation in the Nigerian Naira continued to negatively impact sales at PZ Cussons, dragging half-year group operating profits 4% below those for the same period last year.
London-listed stocks are expected to recover somewhat from Tuesday's sell-off, with City sources predicting the FTSE 100 will open around 25 points higher than its closing level of 6,529.47.
Sweetener maker Tate & Lyle led the downside after issuing a profit warning. It blamed severe US weather and the temporary shutdown of a plant in Singapore for higher costs, but did also say that sales of its flagship Splenda sucralose sweetener were ahead of last year. It admitted that the first half of the year had been very challenging as it faced significant disruption to its supply chain and an increasingly competitive market for Splenda.
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged.
Imperial Leather maker PZ Cussons said it was trading in line with hopes after a strong performance in its UK washing and bathing division during the late summer.
Acal: FinnCap initiates with a target price of 322p and a buy recommendation.
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation.