XM does not provide services to residents of the United States of America.

FTSE 100 extends record streak on company news

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-FTSE 100 extends record streak on company news</title></head><body>

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window

Anglo American up after report BHP considering better offer

Petrofac hits record low after delaying full-year results

Sterling at two-week high versus the dollar

FTSE 100 up 0.1%, FTSE 250 adds 1.3%

Updated at 1604 GMT

By Pranav Kashyap, Sruthi Shankar and Khushi Singh

April 29 (Reuters) -Britain's FTSE 100 extended its record rally for the fifth straight session on Monday, helped by positive corporate updates, while a stronger pound boosted midcaps.

The mid-cap FTSE 250 .FTMC advanced 1.3%, after touching highest levels in over thirteen months, and taking support from a rise in pound GBP=D3 as the currency reached its highest in around two weeks against the dollar.

"Cable (the pound versus the dollar) was trading closer to the 1.2000-level... the negative impact from the energy price shock in the region continues to fade," MUFG analysts said in a note.

FTSE 100 stocks move in an inverse relationship to the currency, earning their revenues in dollars while reporting profits in sterling, but they were supported by positive company news.

The blue-chip FTSE 100 .FTSE ended the session up 0.1%, after hitting an all-time high of 8,189.14 points earlier in the day. The index has gained for eight of the last nine sessions.

British stocks appear to have turned a corner after months of underperformance compared to their global peers as signs of inflation coming under control, and a recovering economy attract buyers.

While concerns remain that the U.S. Federal Reserve will delay interest rate cuts this year, market participants expect the Bank of England to start easing rates in August.

In corporate updates, Anglo American AAL.L added 4.0% after a source familiar with the matter told Reuters that BHP Group BHP.AX was considering an improved offer after Anglo rejected a $39 billion proposal last week.

Insurer Prudential PRU.L gained 2.4% after a solid update from Hong Kong-based rival AIA group 1299.HK.

Frasers Group FRAS.L rose 3.1% as the apparel and sportswear retailer announced a share buyback programme.

On the downside, JD Sports JD.L slipped 3.0% to the bottom of FTSE 100 after Barclays analysts cut rating on the fashion retailer to "equal weight" from "overweight".

Petrofac PFC.L slumped 34.1% to a record low after a group of noteholders offered the oilfield services provider a $300 million credit line and the company delayed the publication of its full-year results to May 31.

Reporting by Pranav Kashyap, Khushi Singh and Sruthi Shankar in Bengaluru; Editing by Varun H K 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

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.