UK's FTSE 100 higher as miners, oil majors rise


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    * FTSE 100 up 0.8 pct
    * FTSE 250 up 0.6 pct
    * Smith & Nephew slumps after M&A chatter
    * Miners, oil majors rise 

    Feb 11 (Reuters) - British blue-chip shares bounced back on
Monday buoyed by strength in global miners and oil shares, while
the dollar climbing to a near six-week high lifted companies
with greater international exposure. 
    The main index  .FTSE  was 0.8 percent higher by 0846 GMT
while the midcaps  .FTMC  were up 0.6 higher after ending lower
on Friday as fresh concerns over the Sino-U.S. trade situation
added to fears of a slowdown in the world economy.
    Monday's rise in FTSE 100, coming after three sessions of
losses, marked a strong start for the week in which British
Prime Minister Theresa May is due to update parliament on her
progress towards a divorce deal while the country's gross
domestic product numbers are set to be released on Tuesday.
    Miners  .FTNMX1750  climbed to their highest since November
with Chinese iron ore futures at record highs on concerns that
supply from Brazil, the country's second-largest ore supplier,
may decline after a fatal dam accident at a Vale  VALE3.SA 
    Travel group TUI's  TUIT.L  London-listed shares jumped 3
percent to top the FTSE 100 leader-board as traders cited Bank
of America Merrill Lynch resuming coverage with "Buy" rating.
The gains erase some of the steep losses last week after poor
    Takeaway group Just Eat  JE.L  rose 2 percent after its
shareholder Cat Rock Capital Management urged the company to
start merger talks and said it would benefit from a deal rather
than relying on a new chief executive officer.    
    Elsewhere, Chinese shares rose ahead of a new round of trade
talks with the United States that started on Monday.
Asia-focussed bank HSBC  HSBA.L  rose 1.5 percent to be the
biggest support to the blue-chip index. 
    Oil majors BP  BP.L  and Shell  RDSa.L  were also among top
boosts on the back of higher crude prices.
    Smith & Nephew  SN.L  slid 3.5 percent and was the worst
FTSE 100 performer. The Financial Times reported that it has
held talks to buy U.S.-based medical equipment maker NuVasive
 NUVA.O  in a deal that would be worth more than $3 billion. 
    Playtech  PTEC.L , the gambling software company which fell
last week as horse racing was postponed in Britain after an
outbreak of equine influenza, slipped 4 percent. Traders cited a
BofA Merrill Lynch rating cut.

 (Reporting by Muvija M and Shashwat Awasthi in Bengaluru)
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 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
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