- The FTSE 100 struggled to make any gains as concerns over the US-China trade war, political tensions in Germany over migration and weaker oil prices weighed on investor sentiment.

The blue-chip index ended the day flat at 7,631.

In Asia, Hong Kong's Hang Seng index finished the day 0.4% lower at 30,309 and Japan's Nikkei 225 index fared even worse, down 0.75% at 22,680.

The negative session extended to the US with the Dow Jones index trading 0.7% lower as of 4.30pm UK time.


Back on the UK stock market, Clydesdale Bank owner CYBG (CYBG) agreed a £1.7bn deal to buy Virgin Money (VM.).

Manufacturing company Cobham (COB) saw its shares rise 4.5% to 130p following a bullish research note from investment bank Morgan Stanley where it upgraded its recommendation on the stock from 'equal weight' to 'overweight'.

Insurance companies were in vogue thanks to an article at the weekend suggesting German insurer Allianz was looking for a major acquisition, possibly a takeover offer for either RSA (RSA) or Aviva (AV.). Shares in the latter two companies nudged up by 2.3% and 1% respectively.

Pest control specialist Rentokil (RTO) was flat at 350.2p despite the Competition and Markets Authority saying its purchase of Cannon Hygiene may lead to competition concerns.

Addiction specialist Indivior (INDV) revealed a US Court granted a temporary restraining order which halted rival firm Dr Reddy from launching its generic version of Suboxone Film, an opioid addiction treatment. Shares in Indivior received a 1.7% boost to 366.7p.

Shares in British packaging business DS Smith (SMDS) dipped 3.1% to 546.4p despite a robust set of results which saw pre-tax profit increase 8% to £292m in the year to 30 April.

Miner Rio Tinto (RIO) revealed a strategy to optimise its Pilbara assets would deliver value for shareholders, triggering a 0.8% rise to £42.57. Australian-based mining and metals company South32 (S32) sealed a deal to acquire the remaining 83% stake of Arizona Mining for $1.3bn in cash.


Biopharma firm HVIVO (HVO) enjoyed a 50% jump to 29.5p on positive results from its Phase IIb field study of FLU-v, representing a significant advance in the management of influenza disease.

Mercantile Ports and Logistics (MPL) rallied 19.1% to 2.8p after its subsidiary Karanja Port and Logistics' (KPL) Karanja Terminal was expected to be appointed as a customs port.

Online retailer Koovs (KOOV) sealed a conditional deal for a two-year, £24m media agreement with strategic partner HT Media, one of India's largest media companies, pushing the stock 62.9% higher to 18.49p.

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