* FTSE 100 up 0.1 pct
* Anglo America rises after results beat forecasts
* Tate & Lyle, Rolls Royce extend fall after results
By Francesco Canepa
LONDON, Feb 14 Basic materials shares helped
keep Britain's top equity index on track for a second straight
weekly gain on Friday after strong results from global miner
Anglo's stock rose 1.2 percent after the firm beat
consensus with its 2013 operating profit and reported a profit
at its platinum unit.
"The results from Anglo platinum are pretty good and...
they're getting costs down," said Matthew Hasson, director of
mining equity sales at Numis Securities.
Global strategists at Citi recommended investing in basic
materials shares with an emerging market exposure, highlighting
lower capital expenditure and improved cashflow generation.
The basic materials sector added 6.3 points to the FTSE 100
, which was up 5.40 points, or 0.1 percent, at 6,664.82
The index was up 1.3 percent for the week, on track for its
second consecutive weekly gain. It climbed above its 50-day
moving average, a technical signal which suggest underlying
support from buyers.
"It's just a pause, really," Alistair McCaig, an analyst at
IG said. "There wasn't a driving force of positive news to push
Food ingredients firm Tate & Lyle and engineer
Rolls Royce, which gave disappointing outlooks on the
previous day, extended their losses in heavy volume on Friday.