UPDATE 2-Weaker pound, miners lift FTSE 100, but still logs weekly loss


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markets, click LIVE/ or type LIVE/ in a news window)
    * JD Sports rises after acquiring Cosmos Sport
    * UK retail sales, consumer confidence down
    * SIG soars after upbeat annual profit forecast 
    * FTSE 100 up 0.2%, FTSE 250 adds 0.1% 

 (Updates to close)
    By Bansari Mayur Kamdar and Devik Jain
    Oct 22 (Reuters) - London's FTSE 100 rose on Friday, led by
heavyweight mining and consumer staple stocks, as surveys showed
the British economy unexpectedly regained momentum in October
despite surging costs and worsening supply shortages.    
     The export-heavy FTSE 100  .FTSE  ended 0.2% higher, with
base metal miners  .FTNMX551020  and and precious metal miners
 .FTNMX551030  up 0.2% and 2.4%, respectively.   
    Large dollar earning companies, spirits maker Diageo  DGE.L 
and Dove soap maker Unilever  ULVR.L , were among top performers
in the index, as the pound dipped following data that showed
British retail sales unexpectedly fell for a fifth month in a
row in September.  urn:newsml:reuters.com:*:nL8N2RI1F6
   Investors also digested a recent statement by the Bank of
England's new chief economist Huw Pill that inflation could top
5% and the question of whether to raise interest rates was a
"live" one at early November meeting.  urn:newsml:reuters.com:*:nL1N2RH2UB
    "While many still argue that the price pressures are
temporary, their expected duration and intensity are rising
which is forcing policymakers to consider actions they'd clearly
rather avoid," said Craig Erlam, senior market analyst, UK &
    "As the PMIs have shown, supply-side issues are taking their
toll on activity, which won't be helped by any surges in COVID
cases as the northern hemisphere heads into the winter."
    Slowing recovery, supply chain worries and rate hike fears
have capped the gains on the FTSE 100 recently, with the
blue-chip index slipping 0.4% this week compared with the 0.6%
rise among its European peers  .STOXX .
    The domestically focussed mid-cap index  .FTMC  advanced
    JD Sports Fashion Plc  JD.L  added 1.9% as UBS also raised
its price target on the stock of Britain's largest sportswear
retailer after it bought Cosmos Sport S.A.  urn:newsml:reuters.com:*:nASN001SGL
    Building materials supplier SIG  SHI.L  jumped 5.6% after it
forecast full year underlying operating profit to be ahead of
market estimates.  urn:newsml:reuters.com:*:nL4N2RI2B5 
    London Stock Exchange Group PLC  LSEG.L  fell 6% after the
financial markets infrastructure provider warned supply chain
shortages could affect the timing of its technology
spending. urn:newsml:reuters.com:*:nL8N2RI1IP

 (Reporting by Bansari Mayur Kamdar; Editing by Anil D'Silva and
Krishna Chandra Eluri, Editing by William Maclean)
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 UK stock report      .L     
 FTSE index:          0#.FTS6  
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 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  
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 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  
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