UPDATE 2-London stocks dip as global virus cases rise; Glencore slides

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* Miner Glencore tumbles on disclosing criminal probe
* Consumer stocks, energy, travel stocks lead declines
* Capita jumps on deal to sell legal process software
product
* FTSE 100 off 0.8%, FTSE 250 down 0.6%

(Adds comment, updates prices to close)
By Susan Mathew
June 22 (Reuters) - UK shares retreated on Monday as a surge
in global coronavirus cases sparked fears of more lockdowns and
economic damage, while Glencore slipped after disclosing a
criminal investigation into the company.
The blue-chip FTSE 100 .FTSE lost 0.8% while the mid-cap
FTSE 250 .FTMC slipped 0.6% for its worst drop in over a week.
London shares of Glencore GLEN.L touched a three-week low
after Switzerland opened a criminal probe against the miner over
allegations it had failed to have measures in place to prevent
corruption in the Democratic Republic of Congo. Other decliners included consumer shares such as Diageo
DGE.L and Unilever ULVR.L , and battered energy .FTNMX0530
and travel and leisure .FTNMX5750 stocks. Topping the FTSE 250, outsourcing group Capita Plc CPI.L
jumped 13.2% on a deal to sell its legal process software
product. At the other end of the scale was Carnival PLC CCL.L ,
down 10.2% after its cruise line extended an operational pause
in North America until the end of September. UK stock markets have rebounded since a pandemic-driven
crash in March and are on course to rise for a third straight
month, supported by stimulus measures and a gradual restart of
as businesses.
"Recovery will hinge on the confidence of involuntary savers
to spend post-lockdown. One section of the population is flush
with cash having experienced a forced rise in savings," said
Neil Shearing, group chief economist at Capital Economics.
This will determine if the recovery underway is sustained,
stalled or even reversed, he added.
The FTSE 100 still remains about 18% below its January
record high and concerns are growing that a second wave of
infections could cause more disruption to businesses.
A survey on Monday showed British industrial output recorded
its biggest quarterly fall on record during the three months to
June, and a further decline is likely in the months to
come.