FTSE 100 little changed on day, logs strong weekly gains

London's benchmark stock index was largely unchanged on Friday after a record close the previous day, but it notched up a weekly gain thanks to strong earnings for financials, upbeat data, and strength in resource-linked shares, reports Reuters.

The blue?chip FTSE 100 slipped 0.04 per cent to 10,235.29 points, while ending the week with a 0.1 per cent rise. The domestically focused mid-cap index added 0.13 per cent, closing at a five?week high, and was up 1.2 per cent for the week.

On Friday, London-listed miners led losses, with Glencore and Rio Tinto down 2.5 per cent and 1.8 per cent, respectively, pressured by concerns over weakening demand for copper from top consumer China. The index of precious metal miners was down 1.2 per cent, with Endeavour mining down 2.6 per cent, becoming one of the top losers on the blue-chip index. Nevertheless, resource-linked stocks were among the biggest contributors to the week's rally, as geopolitical uncertainty boosted demand for gold, while supply concerns supported copper and other metals earlier in the week.

An index for investment banking and brokerage services rallied 5.3 per cent this week, powered by strong earning updates from money managers such as Ashmore Group and Schroders.