London Markets: FTSE 100 posts daily, weekly win as BHP climbs on deal news

U.K.’s blue-chip stocks are on course for a flat weekly finish, even as stocks edged up Friday as more corporate reports rolled in, and as mining heavyweight BHP Billiton PLC struck a $10 billion-plus deal to sell some U.S. assets.

Stocks found modest upside support from a pullback in the pound’s value, with sterling sapped after the European Union’s Brexit negotiators rejected a key proposal from the U.K. government.

How markets are moving

The FTSE 100 UKX, +0.50% was up 0.2% to 7,680.13, led by the basic materials sector. But the industrial sector paced decliners. On Thursday, the index rose by less than 0.1%.

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