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Europe Markets: FTSE 100 advances but Tesco shares lose grip on sales-spurred gain

U.K. stocks on Friday broke a four-day losing streak, boosted by the index’s oil and gas shares as crude prices rebounded from a seven-month low.

Sharp drops for supermarkets shares, however, curbed gains for the benchmark index after Amazon.com Inc.’s AMZN, +2.85%move to buy Whole Foods Market Inc.WFM, +28.78% sparked concerns of increased competition in grocery market.

The FTSE 100 UKX, +0.60% ended 0.6% higher at 7,463.54, paring its weekly loss to 0.9%.

The energy group, which has a roughly 14% weighting on the benchmark, rose as oil prices CLN7, +0.49% gained ground, including a 0.6% rise for Brent crude futures LCOQ7, +0.70% .

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