* FTSE 100 advances 0.9 percent, boosted by U.S. data
* Miners fall on broker comment, outlook worries
* ARM, Burberry jump on bid speculation
By Simon Falush
LONDON, Sept 24 Reassuring data from the United
States sparked a rally in banks and energy stocks on Friday to
push Britain's top share index firmly higher by the close on
Friday, while Burberry (BRBY.L) jumped on takeover talk.
The FTSE 100 .FTSE was down for much of the day, but the
U.S. data helped it end up 51.40 points, or 0.9 percent, at
5,598.48. It has risen 7.1 percent so far this month, on track
for the best monthly performance since August 2009.
A rebound in U.S. business spending and steady home sales in
August gave Friday trading an upbeat feel, while German business
sentiment rose unexpectedly in September, also supporting the
view that the global economy is on a steady path to recovery.
This boosted risk-sensitive banks and energy stocks with
HSBC (HSBA.L), Barclays (BARC.L) and Royal Dutch Shell (RDSa.L)
rising 0.4 to 1.8 percent.
"There were a number of people who were looking for the U.S.
data to disappoint," said Steven Bell, director at hedge fund
"Growth (in the United States) seems to be struggling in a
1.5 percent to 2 percent range, and I do think we'll break
through the top of this."
Bid speculation was also a factor supporting the index.
Fashion group Burberry (BRBY.L) gained 6 percent, with traders
citing talk of bid interest from a U.S. private equity firm.
Burberry declined to comment.
ARM holdings ARM.L was the top gainer, up 6.1 percent
after bid speculation for the chip designer was revived by
comments from the chief executive of U.S. software giant Oracle
Larry Ellison said on Thursday that he was keen to make more
acquisitions to bolster Oracle's technology, and a microchip
company could be a good fit.
Hammerson (HMSO.L) was another strong performer, adding 4.4
percent as Credit Suisse named it and British Land (BLND.L) as
its top picks among real estate investment companies. British
Land gained 1.7 percent.
The broker upgraded the sector to "benchmark" from
Miners were among the biggest fallers, weighed on by a
research note from UBS.
The note said: "Unexpected government rulings on minerals
leases and taxation in many national jurisdictions ... (are)
challenging many sustainable corporate growth strategies."
Anglo American (AAL.L), Kazakhmys (KAZ.L) and Antofagasta
(ANTO.L), which were all downgraded by the broker, shed 0.5 to
(Editing by Will Waterman)