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FTSE 100 rises 0.6% as miners and banks advance

The FTSE 100 rose 0.6% on Friday, extending gains for a sixth session, with miners and HSBC higher while Shell and BP fell as Brent crude edged lower.

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The FTSE 100 rose 0.6% on Friday, extending gains for the sixth session and record a weekly advance.

Mining stocks benefited from stronger precious and industrial metal prices, with Antofagasta rising nearly 6%, Endeavour Mining adding more than 4%, and Anglo American climbing 3%.

Also, Fresnillo, Rio Tinto and Glencore added around 2% each.

Among financial stocks, HSBC gained more than 1%.

Meanwhile, heavyweight oil companies Shell and BP fell as Brent crude prices edged lower.

The latest data showed UK private sector output expanded at the fastest pace since April, led by a sustained turnaround in service sector activity, which offset a slowdown in manufacturing production growth.

Still, UK retail sales fell for the first time since April because very hot weather and fewer discounts kept shoppers away.