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London Markets: FTSE 100 steps higher as pound falls on disappointing U.K. retail sales

U.K. stocks gained Friday, adding to their weekly advance, boosted by Unilever PLC’s jump on buyout-related news and the pound’s drop after discouraging data on U.K. retail sales.

The FTSE 100 UKX, +0.32% moved higher by 0.3% to 7,301.56, after trading in the red in morning action. The rise put the blue-chip benchmark on pace for a 0.6% gain for the week.

On Thursday, the index lost 0.3%, retreating from a one-month closing high reached in the prior session.

Shares in consumer-products giant Unilever PLC ULVR, +14.70%UN, +0.91%UL, +0.95% soared 14%, powered by U.S.

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