UPDATE 2-London's FTSE 100 subdued, IWG lifts midcaps


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    * FTSE 100 ends flat; FTSE 250 up 0.5 pct
    * Miners, oil stocks biggest drags
    * IWG jumps on sale of Japan business, CS rating hike
    * Indivior surges on hopes of a lower U.S. fine 

 (Adds company news items, updates to closing prices)
    By Muvija M
    April 15 (Reuters) - Britain's FTSE 100 was at a loss for
direction on Monday as a dip in miners and oil majors offset
gains in bank stocks, while office group IWG pushed midcaps
higher after announcing an asset sale.     
    The blue-chip index  .FTSE  ended a lacklustre session about
flat, lagging its European peers, while the FTSE 250  .FTMC 
held on to its six-month high with a 0.5 percent rise as a
stronger pound also aided.
    The pound's gains followed upbeat comments from Britain's
foreign minister Jeremy Hunt on talks between the government and
the opposition Labour Party to find a consensus over Brexit.
    Miners  .FTNMX1770 , which last week scaled seven-year
highs, handed back some of those gains with a 1.5 percent fall,
despite a rise in copper prices as data from China showed higher
unwrought copper imports in March. 
    Supply concerns and hopes of a U.S.-China trade resolution
also supported metal prices.  urn:newsml:reuters.com:*:nL3N21X0O9
    CMC Markets analyst David Madden said there did not appear
to be any major shift in sentiment and investors seemed to take
their profits out of metal stocks. 
    Shell  RDSa.L  and BP  BP.L  extended losses following a dip
in oil prices.  O/R 
    Financial stocks  .FTNMX8350  jumped to a six-month high,
bolstered by a read-across from last week's upbeat results from
U.S. bellwethers JP Morgan  JPM.N  and Wells Fargo  WFC.N , and
strong bank loan data from China.
    But the sectoral index pared some gains as quarterly
revenues reported by U.S. big banks Goldman Sachs  GS.N  and
Citigroup  C.N  fell below Wall Street expectations on Monday. 
    "Traders will be keeping a close eye on ... whether the
strong start (to U.S. earnings) is able to continue beyond the
banking sector ... right now this is looking unlikely," London
Capital Group analyst Jasper Lawler said. 
    Compass Group  CPG.L , the world's biggest catering firm,
slipped 2.2 percent on its worst day in six months after a
Barclays rating cut.  urn:newsml:reuters.com:*:nL3N21X1SS
    Midcaps saw some strong news-related moves. 
    Serviced office space provider IWG  IWG.L  surged 21.1
percent to a two-year high after plans to sell its Japanese
operations for 320 million pounds and a double upgrade from
Credit Suisse on the stock.  urn:newsml:reuters.com:*:nL3N21X1F1  
    After being pummelled last week on U.S. charges over opioid
prescriptions, drugmaker Indivior  INDV.L  enjoyed its best day
in three years as brokerage Bernstein suggested that the $3
billion headline fine had the potential to be reduced.
    Shares in Indivior jumped 19.1 percent on the prospect. 
    Mediterranean-focused Energean Oil & Gas  ENOG.L  jumped 8.5
percent to a record high after announcing a new gas discovery at
the Karish North exploration well.  
    Builder Kier  KIE.L  added nearly 8 percent as it said its
newly appointed CEO planned to cut debt and respond to problems
affecting the outsourcing industry.  urn:newsml:reuters.com:*:nL3N21X1DQ

 (Reporting by Yadarisa Shabong and Muvija M in Bengaluru,
additional reporting by Samantha Machado;
Editing by Robin Pomeroy)
For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 * For related news, click on - *
 UK hot stocks:      [HOT and GB]     Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))

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