London Markets: FTSE 100 ends lower as British American Tobacco’s slump offsets Burberry’s jump

U.K. stocks closed slightly lower Friday, as British American Tobacco PLC dropped while Burberry Group PLC popped higher on separate merger prospects.

The FTSE 100 index UKX, -0.09% closed down 0.1% at 7,020.47 after darting between small gains and losses throughout the session.

The index on Thursday also had a choppy session and closed higher by less than 0.1%. For the week, the blue-chip benchmark scored a 0.1% rise, stabilizing after last week’s loss of 0.4%.

M&A moves: Burberry shares BRBY, +3.10%BURBY, +2.69% leapt to the top of the benchmark Friday afternoon, jumping as much as 8.1% after a report the British fashion house may merge with American high-end goods retailer Coach Inc.

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