Banks, energy shares lift FTSE 100; IAG jumps on recovery hopes



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

* IAG gains on optimism around reopening of transatlantic travel

* Pound extends losses after BoE leaves rates unchanged

* FTSE 100 up 0.3%, FTSE 250 adds 0.4% (Updates to close)

By Bansari Mayur Kamdar

Nov 5 (Reuters) - London's FTSE 100 ended higher on Friday, led by banks and energy stocks, while British Airways parent IAG jumped on recovery hopes despite warning of a big loss in 2021.

The blue-chip FTSE 100 .FTSE gained 0.3% to record its highest close since February 2020, with oil majors BP BP.L and Royal Dutch Shell RDSa.L up 1.7% and 1.5%, as crude prices extended gains for the second session.

The pound GBP= extended its decline, down 0.1%, having recorded its worst day in over a year on Thursday, further boosting the export-heavy FTSE 100 index and dollar earner companies like British American Tobacco BATS.L , Unilever ULVR.L and Diageo DGE.L .

"Consumer stocks have taken the cue from the MPC's assessment the economy is on a positive trajectory," said Kunal Sawhney, CEO of Kalkine Media.

"Despite the GDP forecast being revised downward by a percentage point, the demand is likely to sustain, which will help the consumer stocks to continue the momentum gained recently," he added.

The banking sector .FTNMX301010 rose 1.1%, rebounding from its worst session in over a month in the prior session, despite the UK's 10-year government bond yields recording a one-month low after a surprise decision by the Bank of England on Thursday to hold off on raising interest rates.

The FTSE 100 rose 1% this week, underperforming the 2% increase in the UK's mid-cap index .FTMC and a 1.8% weekly gain in the wider European stock aggregate .STOXX , bogged down by volatile commodity prices and heavy losses in the banking sector on Thursday following the BoE's rate decision.

The domestically focussed FTSE 250 index .FTMC was up 0.4%, closing at a month high aided by consumer discretionary stocks.

IAG ICAG.L gained 6.1% after the British Airways owner said its is "very optimistic" about the reopening of transatlantic travel and planning to ramp up capacity on those routes next year, after reporting big loss in 2021.

Other British travel stocks like Wizz Air WIZZ.L and Easyjet EZJ.L , gained 2.8% and 6% respectively.

Britain's THG THG.L gained 3.9% after investment management company Blackrock disclosed its 5.37% stake in the online consumer brands company on Thursday.



FTSE 250 mid-cap index outperforms FTSE 100 for 4 weeks Link



Reporting by Bansari Mayur Kamdar and Amal S in Bengaluru;
Editing by Subhranshu Sahu, Krishna Chandra Eluri and Giles
Elgood



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