UPDATE 2-Consumer stocks help UK shares end harsh week higher


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    * William Hill jumps 43.5%; Apollo, Caesars Ent make offer s
    * UK's COVID-19 cases see highest single-day jump 
    * Miners, banks, oil stocks decline 
    * FTSE 100 slips 0.3%; FTSE 250 rises 1.4%
    * FTSE 100 falls for second consecutive week, worst in eight

 (Updates to close)
    By Susan Mathew and Shashank Nayar
    Sept 25 (Reuters) - A near 44% surge in bookmaker William
Hill on takeover offers lifted consumer stocks on Friday,
helping UK shares outperform European peers and end a tumultuous
week on a high note.
    Without disclosing the value, buyout firm Apollo  APO.N  and
U.S. casino operator Caesars Entertainment  CZR.O  made offers
for the British betting firm, which had a market value of 2.28
billion pounds ($2.90 billion) at Thursday's close.  urn:newsml:reuters.com:*:nL3N2GM2P8
    "William Hill had been one of the big gainers since March
among UK equities... The news of course has done what bid
approaches always do, namely lift the rest of the sector as
well," said Chris Beauchamp, chief market analyst at IG. 
    William Hill's peers GVC  GVC.L , Flutter Entertainment
 FLTRF.L  and 888 Holdings  888.L  rose between 6.8% and 16.7%. 
    The moves helped London's mid-caps index  .FTMC  end up 1.4%
in its best day in three weeks. 
    The blue-chips FTSE 100 index  .FTSE  rose 0.3% but losses
for miners  .FTNMX1770  and oil stocks  .FTNMX0530 , which
tracked commodity prices lower, and banks  .FTNMX8350 , which
extended losses to a fourth straight session, kept gains in
check.  MET/L   IRONORE/   O/R 
    But the moves stood out as Europe declined with the
pan-European STOXX 600 index  .STOXX  closing down 0.1%, while
German shares  .GDAXI  lost 1%.  .EU 
    Fading hopes of an economic recovery, anticipation of severe
restrictions in the UK to curb a resurgence in COVID-19 cases
and the scaling back of government job support hit sentiment
this week. Both UK indexes lost nearly 3% - the worst week in
eight for the FTSE 100.  
    The prospect of Brexit without a trade deal with the
European Union also adds to the uncertainty, overshadowing
support from past stimulus measures.
    Auto makers  .FTNMX3350 , miners  .FTNMX1770  and insurers
 .FTNMX8350  were among the biggest laggards. The general
retailers index  .FTNMX5370  posted weekly gains as retail sales
picked up, while a survey on Friday showed consumer confidence
in September rose to its highest level since March.  urn:newsml:reuters.com:*:nL3N2GL3IE

 (Reporting by Shashank Nayar in Bengaluru; editing by
Uttaresh.V and Andrew Heavens)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))
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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