By David Brett
LONDON (Reuters) - Top shares closed 0.2 percent higher on Friday, led by a recovery in mining stocks and strength in mobile telecoms, and as BSkyB rose on market talk that media mogul Rupert Murdoch could take the firm private.
The FTSE 100 index ended 8.39 points higher at 5,625.65, after it closed 0.4 percent lower on Thursday. The index added just 0.5 percent this week.
"Lack of any key economic or corporate data continues to cause a problem for traders," said James Hughes, market analyst at CMC Markets.
"Like the rest of the week the rally fizzled out ... ending with a whimper rather than with a roar."
Miners reversed Thursday's losses as gold moved higher and copper prices steadied after recent falls following data that had revived concerns about monetary tightening in China.
Eurasian Natural Resources (Eurasian (WI) ORD USD0.20 (WI)), Vedanta Resources (Vedanta Resources PLC Ord USD0), Antofagasta (Antofagasta PLC), Rio Tinto (Rio Tinto PLC) and Anglo American (Anglo American PLC Ord USD0.54) added 0.2 to 4.6 percent.
Mobile communication firms Vodafone (Vodafone GRP ORD USD0.11 3/7) and Inmarsat (ISA International PLC) added most points to the FTSE 100, gaining 1.2 and 4.1 percent respectively helped by recent broker comment.
BSkyB (British Sky Broadcasting Group) rose 5 percent with traders citing talk that Rupert Murdoch may take the British satellite broadcaster private. Both BSkyB and Murdoch's News Corp (News Corporation Limited (The)) declined to comment on the rumour.
British Airways (British Airways PLC) climbed 2.2 percent. The airliner announced cabin crew will walk out for seven days this month after talks between with unions broke down, in a dispute analysts said could cost the airline around 140 million pounds (140 million pounds).
Banks also provided support for the index, helped in part by the possibility that new banking regulations being studied by U.S. Congress could be watered down and as Britain's top banks look likely to avoid massive losses on Dubai World's debt pile.
Royal Bank of Scotland (Royal Bank of Scotland Group (), Lloyds Banking Group (Lloyds Banking Group PLC), Barclays (Barclays PLC) added 2.4-5 percent.
But global banking heavyweight HSBC (Hsbc Holdings PLC) missed out, falling 1.5 percent with traders citing Goldman Sachs cutting its rating.
MIXED U.S. DATA
Mixed U.S. retail sales and consumer confidence data clouded the economic recovery picture for the world's largest economy, and provided some headwind for the UK market as the week drew to a close.
Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping.
Meanwhile, U.S. consumer sentiment declined slightly in early March, with Americans less positive about the job outlook.
Among UK stocks on the downside, food retailer Wm Morrison (Morrison (Wm) Supermarkets PLC) fell 0.4 percent, extending Thursday's losses when it reported a cautious outlook, which echoed sentiment in the wider retail sector, in its full-year results.
Peers Tesco (Tesco PLC) and J Sainsbury (SAINSBURY(J) ORD 28 4/7P) shed 0.3 and 0.9 percent respectively.
Defensively-perceived stocks were the main losers among the blue chip fallers.
Drugmakers were the biggest drag on the FTSE 100 index, with AstraZeneca (AstraZeneca PLC), GlaxoSmithkline (GlaxoSmithKline PLC), and Shire (Shire ORD 5P) losing between 0.4 and 0.6 percent as sector sentiment continued to ebb and flow.
Beverages and tobacco also fell back, with SABMiller (SABMiller PLC) down 1.2 percent and Imperial Tobacco (Imperial Tobacco Group PLC) off 1.1 percent.
(Editing by Sharon Lindores)