June 18, 2018 / 6:45 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on June 18

(Adds company news items, futures)

June 18 (Reuters) - Britain’s FTSE 100 futures were down 0.2 percent ahead of the cash market open.

* DS SMITH: British packaging group DS Smith Plc posted a 21 percent rise in full-year adjusted pretax profit on Monday, driven by acquisitions and strong demand from its European and e-commerce customers.

* VIRGIN MONEY-CYBG: Mid-sized British bank CYBG said on Monday it had clinched a deal to take over rival Virgin Money after over a month of talks, in a deal valuing the lender at around 1.7 billion pounds ($2.26 billion).

* TESCO: The chairman of Tesco, Britain’s biggest retailer, on Friday pledged to end the all-white make-up of its board of directors.

* VEDANTA: A minor leak has been detected in the sulphuric acid storage plant in Vedanta’s south Indian copper smelter, a government official said on Sunday, about a month after the state ordered its shutdown after protests in which 13 people died.

* BRITAIN-M&A: Deal-making involving UK companies has picked up in the two years since the country’s decision to leave the European Union, defying worries that Brexit would stifle mergers and acquisition activity, data from Thomson Reuters Deals Intelligence shows.

* GOLD: Gold prices inched higher on Monday after falling to a 5-1/2-month low in the previous session, as a trade dispute between the world’s two largest economies triggered safe-haven buying, but a strong dollar put a cap on the upside.

* OIL: U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington.

* The UK blue chip FTSE 100 index ended the day down 1.7 percent at 7,633.91 points on Friday, as an escalating U.S.-China trade spat sent UK stocks tumbling, sinking oil and mining shares in a broad reversal across European markets.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Siju Varghese)

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