Investing.com -- British stocks opened higher on Tuesday during a quiet corporate earnings day but packed with deal news, following a long holiday weekend.

As of 0719 GMT, the blue-chip index FTSE 100 rose 0.4%. The British pound gained 0.08% against the dollar to 1.33.

Meanwhile, DAX index in Germany dropped 0.1% and the CAC 40 in France fell 0.07%.

DoorDash agrees on deal for Deliveroo (OTC: DROOF )

DoorDash Inc (NASDAQ: DASH ) announced on Tuesday that it will acquire U.K.-based food delivery firm Deliveroo Holdings PLC (LON: ROO ) in a transaction valued at £2.9 billion.

The deal comes after an offer made last month, in which DoorDash proposed 180 pence per share for Deliveroo.

Deliveroo shares gained about 2% at market open following the news.

ABF confirms deal talks with Endless

Associated British Foods PLC (LON: ABF ) said on Tuesday it is in talks with private equity firm Endless LLP, the owner of British bakery Hovis, regarding a possible deal involving its Allied Bakeries division.

This follows media reports over the weekend about the talks.

ABF shares gained about 0.6%.

Alpha turns down Corpay’s offer

U.K.-based financial services firm Alpha FX Group PLC (LON: ALPH ) said on Tuesday that it has turned down a cash-only acquisition offer from U.S. business payments company Corpay Inc (NYSE: CPAY ).

Shell (LON: SHEL ) reportedly weighs BP (NYSE: BP ) takeover

Over the weekend, Bloomberg reported that oil giant Shell PLC (AS: SHEL ) has engaged advisers to explore a potential acquisition of competitor BP PLC (LON: BP ).

However, any move forward is expected to depend on a further decline in BP’s share price and developments in the oil market.

Bloomberg noted that no final decision is imminent and the outcome may hinge on BP’s near-term stock performance.