(Adds futures, news items)
July 2 (Reuters) - Britain’s FTSE 100 index is seen opening 30 points higher on Thursday, according to financial bookmakers, with futures up 1% ahead of the cash market open.
* DS SMITH: DS Smith reported a 5% rise in annual profit, bolstered by growing demand from e-commerce and consumer goods customers.
* MEGGITT: British engineering company Meggitt on Thursday forecast an about 15% drop in first-half organic revenue as demand from planemakers dried up.
* PREMIER OIL: Premier Oil said it will not acquire the additional 25% interest in the Tolmount gas project from South Korea’s Dana Petroleum.
* MITCHELLS & BUTLERS: Britain’s Mitchells & Butlers posted a first-half loss as pubs were shuttered during the lockdown.
* AB Foods: Associated British Foods said that trading in its Primark fashion stores that have reopened after coronavirus lockdown has been “reassuring and encouraging”.
* ROYAL MAIL: Royal Mail and its largest labour union have agreed to start talks to settle a long-running dispute over pay and operational changes, the former British postal monopoly said on Wednesday.
* BP: BP Plc said it completed the sale of its Prudhoe Bay oil and gas producing properties to closely-held Hilcorp Energy.
* OIL: Oil prices rose reversing early losses, as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand.
* London’s mid-cap index ended higher on Wednesday on hopes of a potential COVID-19 vaccine, while optimism over fresh stimulus and a pickup in economic activity in the second half of the year persisted.
* For more on the factors affecting European stocks, please click on:
> Financial Times
> Other business headlines (Reporting by Shanima A in Bengaluru)