UPDATE 2-UK's FTSE 100 index closes flat, logs third-straight weekly gain


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      AJ Bell gains on rating upgrade

      ASOS falls after interim CFO leaves

      U.S. jobs data stronger than expected

      FTSE 100 flat, FTSE 250 off 0.2%

 (Updates to market close)
    By Shashwat Chauhan and Shristi  Achar A
       Dec 2 (Reuters) - London's FTSE 100 index was subdued on
Friday as gains in financials and consumer staple stocks were
offset by losses in oil majors BP and Shell, and
stronger-than-expected U.S. jobs data also depressed sentiment
after a strong week.
    The blue-chip index  .FTSE  closed flat. It rose 0.9% for
the week, its third straight weekly win. The
domestically-focused FTSE 250  .FTMC  index ended 0.2% lower.
    BP  BP.L  and Shell  SHEL.L  dipped 1.7% and 0.7%,
respectively, as crude prices were mixed.  O/R 
    Weighing on the mood, data showed U.S. employers hired more
workers than expected in November and increased wages despite
mounting worries of a recession, increasing the likelihood
central banks will continue to raise rates.
    "Today's jobs report shows that there's still some way to go
before central banks can allow the market to ease financial
conditions for them," said Andrea Cicione, Head of Strategy at
TS Lombard. 
    British businesses reported easing price pressures, but
warned of lower employment and investment, in a Bank of England
survey on Thursday that should reassure policymakers that their
interest rate rises are taking effect.
    The FTSE 100 has gained more than 12% since its October lows
as the British government's new leadership tries to restore
confidence in the economy after a mini budget raised concerns
about fiscal policy and rattled markets.
    Among single stocks, Primark-owner AB Foods  ABF.L  jumped
5% to top the FTSE 100 index after two positive brokerage
    AJ Bell  AJBA.L  climbed 8.3% as Jefferies upgraded the
investment platform's stock to "buy" from "hold".
   Shares of eastern Mediterranean-focused oil and gas producer
Energean  ENOG.L  slid 8.3% on institutional seller's discounted
share sale.
 (Reporting by Shashwat Chauhan and Shristi Achar A in
Bengaluru; Editing by Subhranshu Sahu, Sherry Jacob-Phillips and
Barbara Lewis)
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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