- UK stocks opened higher on Monday, following gains in US and Asian markets, as fears of a global trade war eased.

At 0857, the benchmark FTSE 100 index was up 16.84 points, or 0.2%, at 6.938.78.

Smurfit Kappa said it had rejected a sweetened takeover bid from International Paper Company, claiming that it still undervalued the packing group. Its shares fell 3.1%.

Engineering group GKN said Dana had increased its offer for its automotive business by $140m (£100m) to $1.77bn. Its shares added 0.5%, while hostile takeover suitor Melrose Industries shed 0.1%.

JD Sports Fashion, meanwhile, said it had agreed to acquire US-based sportswear chain The Finish Line for around $558m (£396m). Its shares gained 3.5% on the news.

On what was a big morning for takeover news, automotive services group Inchcape said it had acquired central America-focused Grupo Rudelman for $284m (£201m). Its shares gained 1.3%.

YouGov rallied 4.7% after the pollster and corporate data provider posted a 78% jump in first-half profit, buoyed by demand for its products in both the US and UK.

Tools and equipment hire company Speedy Hire climbed 7.1% after it said adjusted pre-tax profits were expected to be ahead of its previous expectations.

Pharmaceuticals group Shire gained 1.6% after announcing that it had formed a research collaboration agreement with NanoMedSyn, a biotechnology company specialising in enzyme replacement therapy.

Cambridge Cognition, a provider of cognitive assessment tools, jumped 16% after announcing it had secured a sizeable pharmaceutical clinical trial contract and a grant from the UK government.

HICL Infrastructure Company acquired a 45% interest in the Priority Schools Building Programme North East Batch Project from Galliford Try for around £9m. Its shares gained 0.3%.

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