* FTSE 100 up 0.4 pct
* Putin comments alleviate concern over Ukraine escalation
* TUI Travel up as German firm says merger plans on track
* British Land up on Bank of America Merrill Lynch upgrade
By Tricia Wright
LONDON, Aug 14 Britain's top equity index rose
on Thursday, bolstered by apparently conciliatory comments from
Russian President Vladimir Putin on a visit to Crimea, as well
as expectations for a continuation of ultra-loose monetary
TUI Travel advanced 2.2 percent in brisk trade after
TUI AG's chief executive said the German company's
plans for a merger with the London-listed unit were on track.
Trading volume in the stock stood at around twice its 90-day
daily average, against just three quarters on UK benchmark.
The blue-chip FTSE 100 index closed up 28.58 points,
or 0.4 percent, at 6,685.26 points.
On a trip to Crimea, the Ukrainian region annexed by Russia
in March, Putin said his country would stand up for itself but
not at the cost of confrontation with the outside world.
Investors were also betting that the continuation of loose
monetary policies would help boost equities.
Weak UK wage data on Wednesday prompted the market to push
back its expectations for when the Bank of England would lift
Euro zone data released on Thursday was also weak, showing
Germany's economy unexpectedly shrank in the second quarter
while France stagnated. That shortened the odds of a move by the
European Central Bank to shore up the economy via an
asset-purchase programme, which would drive up share prices.
"Clearly Putin's comments have helped in de-escalating the
situation (in Ukraine), but as a reaction to the poor economic
data we've been seeing - that's turned out to be quite positive
for equities," Richard Hunter, head of equities at Hargreaves
Putin avoided the broadsides previously directed at Western
countries during the crisis over they see as Russian support for
separatist uprising in Ukraine - an accusation Moscow denies -
although NATO's chief said Putin had sounded dovish in the past
yet had not followed up his words with concrete actions.
Property company British Land also notched up good
gains, rising 2.5 percent after Bank of America Merrill Lynch
raised its rating on the stock to "buy" from "neutral".
(Additional reporting by Sudip Kar-Gupta; Editing by Mark