UK shares were slipping in early deals, with Footsie down nearly nine points, but the big story in town was RBS (LON:RBS).
The bank was the biggest riser on FTSE100, lifting nearly 14% after it surprised the City with half year results a week early.
The statement revealed that pre-tax profits will nearly double from last year to £2.6bn (2013: £1.37bn) after a good perfcormance by its 'bad bank" division and better credit conditions.
Significantly, the operating profit is set to come in at £2.6bn, up from £708 million in the first half last year.
Also rising is fellow bank Lloyds (LON:LLOY), up 2.45%.
It will stump up the funds, using cash, debt and a placing.
The consolidation of the business will, according to BSkyB, see the company positioned as the dominant force in three of the four largest pay-TV markets in Europe.
The group has issued a string of profit warnings over the past year and there had been fears of another downgrade this time.
After the market closed yesterday, both said a tie up had the potential to create a business of considerable depth and scale. Balfour shares have been perorming badly recently and it sacked its chief executive two months ago. A deal could put the new entity into the FTSE 100.
To smaller fry, and Mexican specialist minerals firm Bacanora (LON:BCN) has made a premium AIM debut, trading at 100p in early deals.
This is massively from its IPO price, when it raised £4.75mln as part of the AIM float issuing 14.4mln shares priced at 33p each.
It is issuing 1bn new shares priced at 0.35p as well as 500mln warrants, exercisable at 0.6p.