FTSE today: report - the market here on February 21, 2011.

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Invensys has long been mooted as potential break-up candidate. Ulf Henriksson, Invensys chief executive, appeared to sugest as much last November when he said that China Southern Rail could acquire or take a stake in the business, although the company later downplayed his comments.

3.10pm: ITV falls back amid X Factor rumours

ITV came under pressure as the afternoon wore on amid reports that Simon Cowell and Cheryl Cole may not appear in the 2011 series of the channel's hit show, The X Factor.

There has been speculation that the pair would not be able to sit on the judging panel of this year's series as it clashes with the US version of the show in both are tipped to take part.

As investors fretted about the impact of the potential departure of two of the show's biggest names, ITV fell 2.1 to 84.25p.

However, analysts at UBS were quick to reassure anxious investors. In a note asking Cowell and Cole; will they won't they?, analysts suggested that putting together a different panel would be better than delaying the screening in order to have the same panel.

"The X Factor auditions are imminent and the show starts in August; either ITV go ahead and show it or delay screening until January 2012 in order to have the same panel. We argue that it is likely ITV continues the screening as planned with a slightly different panel," said analysts.

Keeping their target price of 100p, they added: "We believe the advertising loss would not be significant as ITV can bring in other celebrity names."

ITV's fall was mirrored by the wider market. The FTSE 250 fell 56 points to 11771 and the FTSE 100 shed 28 points to 6054.

11.50am: Middle East protests keeps benchmark index under pressure

As unrest rippled across the Middle East, investors were once again heading for safe havens. Defensives were in favour with Centrica, Scottish & Southern Energy and GlaxoSmithKline rising 1.19pc, 1.16pc and 0.8pc respectively.

With investors steering clear of riskier assets such as banks – Royal Bank of Scotland led the laggards, losing 2.6pc – the benchmark index took a turn for the worse. The FTSE 100 edged down 18 points to 6065 and the FTSE 250 fell 51 points to 11777.36.

However, the prevailing sentiment was indecision, with no direction from the US today where traders have downed tools for a public holiday and no economic data in the UK. Investors are also keeping their powder dry ahead of revised gross domestic product figures later this week. The first reading, published last month, for the final quarter of 2010 showed that the economy shrank by 0.5pc and investors will be looking to see whether the revised figures show any improvement.

There is also still uncertainty over when interest rates will be raised. Minutes of February’s Bank of England Monetary Policy Committee meeting, published on Wednesday, will show how close this month’s vote was on whether rates should be increased.

Philip Shaw, an analyst at Investec, said:

“Last week markets were clearly nervous, closely scrutinising Mervyn King’s words in the press conference that followed the publication of the Quarterly Inflation Report for further clues on the timing of the first interest rate hike. As we turn to the week ahead, markets are likely to remain jittery about the timing of the MPC’s next move, so the minutes of February’s MPC meeting, due during the week, will be important – particularly given they will tell us the balance of the vote.”

Amongst the mid-caps, CSR tumbled 7.4pc after the chip maker agreed to buy America's Zoran in an all-share deal, which will add imaging and video to CSR's wi-fi, bluetooth and GPS location technologies.

Joep van Beurden, CSR chief executive, said the $679m deal would enable CSR to target the growing number of devices that combine imaging and video with wireless and location services.

Analysts at RBS kept their "hold" rating, saying:

"While we see both pros and cons to this smartly structured deal, the big questions for us are: 1) will CSR be able to able to integrate ZRAN into CSR in a similar fashion to the successful SiRF acquisition; 2) will CSR be able to leverage synergies (cost and product) between both companies to such an extent so as to offset the more mature end markets of ZRAN, ie, digital cameras, printer imaging; 3) will further acquisitions be required."

10am: Banks and energy stocks led Britain's top share index lower on Monday as concerns over political unrest in the Middle East and North Africa prompted investors to flee from risk.

The FTSE 100 index was down 26.37 points, or 0.4 percent, at 6,056.62, hovering near its recent 32-month highs.

Traders said the index lacked direction with the US market closed on Monday for the Presidents Day holiday and no important domestic economic data due in the UK.

Energy stocks were lower as crude oil rose 2pc on fears that unrest in Middle East and North Africa could disrupt oil supplies.

"The situation is a tough one near term and does create uncertainty, but can be seen in a positive light as we're potentially going from a series of dictatorships to democracy," Keith Bowman, an analyst at Hargreaves Lansdown, said.

BP said it has suspended preparations for exploratory drilling for oil and gas in western Libya due to growing unrest in the north African country.

Miners bounced marginally after Beijing on Friday raised banks' required reserves by 50 basis points, showing no let-up in a campaign to combat inflation.

Precious metal miners Fresnillo and Randgold Resources were up 3.1 and 2.4pc respectively as gold rose to a seven-week high as spreading unrest in the Middle East burnished the metal's appeal as a safe haven.

Invensys rose 5.3pc after the Observer newspaper reported on Sunday the British engineering firm is being eyed as a potential takeover target by several international rivals, citing "city sources".

Banks, which rose 2.3pc last week after solid results in the sector including from Barclays, were the biggest fallers. UK banks have risen 10.3pc since the start of the year.

Royal Bank of Scotland, which reports later this week, was down 1.9pc.

Minutes from the Bank of England's rate setting meeting are due out on Wednesday, with investors looking for clues as to how close the voting was for a rise in interest rates.

6am: Oil prices bounded, with Brent crude rising to more than $103 a barrel amid investor concern that violent protests in Libya could disrupt crude supplies. In currencies, the dollar weakened against the yen but was up against the euro.

Japan's Nikkei 225 stock average was flat at 10,846.73 as the index pared robust gains made last week.

Blue chip manufacturers like Honda and Toshiba were down, each by about 1pc.

Hong Kong's Hang Seng index lost 0.4pc to 23,508.62. Again, however, oil companies were on the rise. Sinopec, Asia's biggest oil refiner by volume, rose 0.2pc.

State-owned oil company CNOOC Ltd. rose 1.6pc and PetroChina Ltd., China's biggest oil and gas producer, was up 0.4pc.

Benchmarks in Taiwan, Singapore and New Zealand also retreated, while China's benchmark Shanghai Composite index rose 0.1pc.

South Korea's Kospi fell 0.5pc to 2,002.84 and Australia's S&P/ASX 200 shed 0.8pc to 4,895.40.

Sentiment was also hurt by a move on Friday by China to control inflation. Beijing ordered its banks to hold back more money as reserves, raising the required level by 0.5pc of deposits.

Shares of Australian resource companies, which rely heavily on growing Chinese demand, slumped in response.

BHP Billiton Ltd. fell 1.8pc. Rival Rio Tinto Ltd. also lost 1.8pc. Japanese stocks also sensitive to Chinese demand dropped, including Komatsu Ltd., a maker of construction equipment, by 0.6pc, and Hitachi Construction, down 1.3pc.

While keeping an eye on Mideast unrest, analysts said Asian markets had performed well recently and were perhaps due for some profit-taking.

"I think the focus is on the nervousness in the Middle East with the potential disruption to oil supplies. The markets have been pretty volatile in the past few weeks because of this added geopolitical uncertainty, but Asian equities had a pretty good bounce last week, so maybe this is a little correction to that," said David Cohen, economist at Action Economics in Singapore.

Friday's Market Report:

FTSE today: market report - as it happened February 18, 2011

Glittering gold puts a shine on African Barrick

Thursday's Market Report:

Banks bounce back as blue-chips tread water

FTSE today: market report - as it happened February 17, 2011

Tools: Shares and Markets: News, charts, data

Discover the top-selling ISAs and get 0% commission when you order online with Telegraph ISA-fund Supermarket.

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Greek bail out hopes increased after the German retreat

Traders reacted with relief that feared by default "uncontrolled" seems to be avoided. Performance of the obligations of 10 remote Greek years 117 basis points for the 16 251pc as markets grew in confidence.

However, the rating agency Moody injected a note of caution in the after markets closed European procedures by threatening to retire Italy of AA2, warning that he may fight to reduce its deficit and seek structural changes in the labour market.

Agreement between the two largest European economies on the Greece was regarded as essential before next week crisis Summit and talks this weekend with the Monetary Fund (IMF) International.

There were new hopes, that the international authorities shall agree tomorrow release billion € financial assistance indispensable to the Greece.

The euro rallied almost 1pc against the dollar to $1.434 after the Declaration of the leaders. The FTSE 100 reached 16 points 5715 after the fall of the stock exchange in early trade and European has also increased.

Markets were also encouraged that George Papandreou, Greek Prime Minister, was able to unveil a new Cabinet. The process must be delayed a day in the violent protests against austerity measures.

The EU and the IMF insisted the measures should be directed to the Greece to continue to qualify for international aid.

Defence Minister former Evangelos Venizelos would become a move welcomed by Mrs Merkel and Mr Sarkozy, Minister of finance, said Mr. Papandreou.

Markets has also reacted to rumours that European leaders were working on a fresh bailout of the Greece which can be as much as €150bn.

The leaders, who gave a joint Berlin press conference refused to set a date for a fresh-out Greek bail, although they said that it would also involve private investors.

Despite the developments, the rating agencies have previously argued that a bond exchange would contain clear elements of coercion and still count by default.

However, the European leaders insisted that a voluntary agreement would be not considered as a defect in the markets.

Ms Merkel said: "the central principle is a voluntary contribution," she said. "It is an important message to the banks. The fear is that we want to trigger a credit event. We do not want that. We do not run such a risk. »

Ms Merkel said "Vienna initiative", 2009 - when banks have agreed to maintain ready exposure in Central Europe - was "a good basis" for an agreement.

View of the German Chancellor has represented one will denounce climb-down Mr major of Berlin's position these days. Led by the Minister of Finance of the country, Wolfgang Schauble, Germany demanded bond should be forced to share the costs of bailing out the Greece, especially the banks that bought billions of euros of Greek debt.

€110Bn bailout last year of the Greece was very unpopular in Germany.

However, last week other European leaders aligned to warn that coercion would lead to a default on a large scale - and release a "lehman-like" shock to the financial system world.

Thursday, Jean-Claude Juncker, Chairman of the Group of Finance Ministers of the euro zone, said: "it's a really ugly situation." The idea [in German] is dangerous. It could cause more serious risk, all three rating agencies say they a credit event, and then there is a risk of contagion big for other countries. »

Mr. Greenspan made echo the feeling of yesterday, warning default full may leave some "against the wall", US banks. He added that the debt of the Greece crisis had the potential to push the US into a new recession.

Earlier this month following the Finance Ministers of the EU have been said to consider a plan in which the private creditors who have obligations to the Greek State would be called upon to cover between MDS € and BCV € fee. Vienna initiative was concluded between the banks and regulators in January 2009 to solve the "dilemma of the prisoner" threatening escalation of the financial crisis.

To protect against possible failures in rival banks, lenders had been taking funds massively. The problem was that while funds exposed to risk, private banks withdraw threatened a systemic full financial crisis which none would escape.

Ensure that the banks acted together and continued to fund, the European Bank for Reconstruction & Development obtained public commitments that banks would "maintain their exhibitions. The suggestion is that they must now travel on Greek debt.

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Good and evil float capital

Actions in Hellman Friedman - backed Gartmore have more that halved, then a profit warning from the Promethean world Apax backed sent actions towards the South.

But while the recent debutantes may have struggled to adapt to life as a public companies agreed agreement £ 800 m from General Electric Wellstream shows that capital private not all floats end disaster. If you have purchased £ 10 shares in the float-backed Candover then Wellstream in April 2007 you would now be sitting on £ 1 070 - with superior 128pc total performance.

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Goldman Sachs shines light on oil and gas explorers such as FTSE 100 decreases

Analysts also were fans of desire petroleum, make a purchase on the company. Desire a substantial area in the northeastern part of the North Basin Falkland, analysts believe gives to "substantial space for a large number of potentially transformational borehole in the coming years running. Desire past half to p 119.75.

JKX Oil & Gas mounted grouped winners on 301.2 p after Goldman assessed it as "neutral".but 13.9 blue-chip Tullow Oil sank 25 p to £ as Goldman 12.26 not cut to 'neutral' to 'buy'.

Away from the FTSE 100 energy stocks, put a lacklustre performance Monday, dropping back points as the euphoria that following QE2 5849.96 25.39 began to decline.

Juvenile, who enjoy a strong Rally last week in the wake of the Federal Reserve, announcing that it would be pumping more money into the US economy, establish a representation mixed uncertainty regarding a declutching the planet third-more great copper mine pressed a sense.

Randgold resources acquired 50 p to £ 59.90 as Tongon in Côte d'Ivoire mine poured its first gold bar. But Anglo American and Xstrata dragged 73½p £ 29.55½ and 20 percent to £ 13,65 respectively.

Africa Barrick Gold slipped back as it was too put under the spotlight of Goldman Sachs.Le broker cut its rating on the minor Tanzania "sell"-oriented "neutral".

"Africa Barrick has reserves and the infrastructure needed to be [autour one]" m 1 oz producer, but it will take time management to get better control over the day-to-day operations and consistently deliver quarter on quarter production and cost performance, "analysts said." ""In the meantime, we feel exit may disappoint.»

Accordingly, the cut broker rating sees better value elsewhere in the gold sector who sent the hereditary low minor to 538½p.

Also feeling the effects of a bearish note was Scottish & Southern Energy (SSE), which have slipped 18 p to £ 11.22 as Nomura cut electricity and gas supplier to reduce "neutral".

Despite a 500 m £ placing year last and "a hybrid of 5.3 £ 1 revolutionary offers", the broker still sees risks for the balance sheet of the company.

"As we look forward to more long-term, management shall pronounce on the platforms of future growth and capital commitments, which may require additional funding actions that could affect as main attraction the ESS - dividend," said analysts, who have a target price of £ 11.00 on HSE.

Other utilities slipped in sympathy with National Grid, United Utilities and Severn Trent fall 6½ 584, 10 of 618 p and p 18 p to £ 14.19 respectively.

Banks had been pressurized critcism agreement Basel III has persisted.

Royal Bank of Scotland was the largest faller, losing 1.36% 43.64 while Lloyds Banking Group have slipped 1.18 68.63%.

Serco, the Outsourcer to refund supplier, storm centre is located once more friends, fall 13 560 p.S p & P insiders about Serco with equity rating to "sell" and a price target of 520 p.

But on a more positive note, Rolls-Royce staged a late resumption, 607 p 16 more after that the engineering group has made progress in understanding the reasons for the failure of Trent 900 engine on a Qantas A380 flight last week.

But the learderboard leading satellite operator Inmarsat, who won 20 to 695 p.La company offering services of voice and data transport maritime and remote aircraft has posted an increase in revenues for the third quarter, driven by growth of aviation services and improvement of its largest maritime sector.

Analysts Liberum capital retained their "buy" rating on Inmarsat, saying that results showed a good Dynamics underlying business.

"While stock prices started to recover, Inmarsat shares remain well below the levels of June £ 8, 00.Nous continue to believe the weakness caused by the sale of shares Harbinger and current overhang represents an opportunity to purchase, said broker."

Enjoying positive sentiment broker was Amec, which builds on 10 p to £ 11.34, as Bank of America Merrill Lynch has improved oil services and price target engineering group to £ £ 10.00 12.00 00.Et Invensys controls for railway signaling and washing machines manufacturer gained 6.8 percent 320,3 Switzerland Credit has increased its price target to 285 p 260 p.

Ticking place was too BSkyB, which rose from 8 to 728 p as pay-TV operator finally marked ten millionth customer.

On the FTSE 250 dropped points 32.31 11047.64, Irish & permanent life brought back.

Most large mortgage lender the Ireland fell 0.175 €0.875 concerns of the Irish economy has downgraded persisté.KBW lender perform ' market ' to 'outperform', citing growing concerns about deterioration in Ireland macro economic environment.

Group Gartmore tumbling 18.9 to 107 p as star, Manager Roger Guy, announced he was retired from the management of funds on a daily basis.

On the ascendancy, however, was Savills .the Advisor property checked 13½ 359.8% after saying: is the course of more than 40 million from £ profits this Numis année.Analystes keep their "add" rating and price target 368 p. ""The actions have been strong in recent weeks, which we believe reflects the growing evidence underlying markets," added the broker.

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