FT.com - UK Equities...Wellstream in frame as takeover talk swirls...London's oil services companies were in focus as Royal Bank of Scotland raised the prospect of renewed takeover activity in the sector...Rentokil profits up on cost cuts...A restructuring of its City Link parcel delivery service and savings on procurement proved beneficial to the support services group which reported a jump in pre-tax profits from £8.2m to £30.9m...TalkTalk to offer mobile service with Vodafone...After agreeing a deal with the British mobile operator, the recently demerged fixed-line telecoms group will offer contract mobile voice and data tariffs to existing customers from the autumn...ITV pursues foothold in pay-TV...Adam Crozier's first reporting of results as chief executive of the group will be accompanied by signs of a pay-TV deal with BSkyB and an aggressive approach to making money online...Reshaped UBM hails resilience...The business-to-business media company has returned solid half-year results and an assured move away from vulnerable print revenues...Sage quits €600m TeamSystem takeover battle...The surprise decision by the accounting software group has left the door open to HgCapital and Cinven, the remaining private equity bidders...KPMG to advise on possible Connaught shake-up...Bankers to Connaught have drafted in specialists from KPMG to advise on a possible restructuring of the troubled social housing maintenance group's estimated £200m of debts...Hotels chief sees plenty of room to grow...China is clearly at the top of InterContinental Hotels Group's agenda, which has no plans to reduce exposure to the US, where it is in the middle of a $1bn relaunch of the Holiday Inn...Rival grocers eye Carrefour's Asian stores ...Carrefour's plan to sell stores in Thailand, Malaysia and Singapore is attracting interest from rival supermarket groups including Tesco of the UK and France's Casino...IASB proposes accounting overhaul for insurers...Insurers face a radical shake-up in how they account for their business as the international accounting rule maker proposes new rules that investors say could reduce the insurance industry's cost of capital and boost stock prices...KNOC set to complete bid package for Dana...Korea National Oil Corporation is close to arranging the loans needed to launch a formal £1.7bn offer for Dana Petroleum as the UK oil explorer battles to convince its shareholders to push for a higher offer...Tech and consumer stocks weigh on Wall St...US equities closed down after a choppy day where early gains were erased by plummeting technology and consumer staples stocks...Rolls-Royce lifts guidance as order book expands ...Order activity in many markets remained subdued but Rolls-Royce still secured orders worth £5.9bn in the first half, increasing its total order book to £58.4bn. About £17.9bn of the order book related to service contracts...Upbeat GKN breaks new ground...In the third of a series of interviews with UK corporate leaders, Sir Kevin Smith, chief executive of GKN, tells Michael Kavanagh that the engineering group is back on the acquisition trail after the recession took its toll... Prudential gains amid talk of strategic review...Weak earnings news from the US countered strong figures from UK companies to send the FTSE 100 slightly lower...