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FTSE 100 extends gains, Micro Focus rises after buyout

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News Tech: Aug 26 (Reuters) – UK’s blue-chip index extended gains on Friday, boosted by commodities and banking sectors, while shares of software firm Micro Focus soared more than 90% to lift the midcap index after a $6 billion buyout deal.

UK’s industrial metal and mining index (.FTNMX551020) rose 1.6%, as hopes of fresh stimulus in China aided copper and other metal prices.

The FTSE 100 index (.FTSE) rose 0.6% by 0717 GMT, but was set for its first weekly decline in six.

Anglo American (AAL.L) climbed 2.2% after its Chile chief executive officer resigned and major copper producer Peru abandoned a plan to hike taxes on the mining industry. read more

RegisterReporting by Johann M Cherian and Sruthi Shankar in Bengaluru; Editing by Rashmi Aich

Source: Reuters Trust Principles.

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