London's FTSE 100 was down 0.1% at 9,691.59 in afternoon trade on Friday.
Precious metals miner Fresnillo was the top gainer on the index as gold prices rose.

InterContinental Hotels rallied after Jefferies upgraded the shares to 'buy' from 'hold' and hiked the price target to 11,400p from 8,700p.

In a broader note on the sector, the bank said that at a time when growth is limited across the consumer industry, it views hotels as an attractive place, offering a positive short- and medium-term set-up, and with revenue per available room not the primary driver anymore.

Jefferies said it favours buy-rated Accor, which is its 'top pick', and IHG, "on beyond RevPar growth and attractive capital allocation, sustaining a double digit growth algo".

Premier Inn owner Whitbread was under the cosh, however, as Jefferies downgraded it to 'hold' from 'buy' and cut the price target to 2,100p from 3,100p. It cited downside risks from UK headwinds, partially offset by valuation.

Weir Group was weaker as it said it has agreed to buy the remaining 50% share of its Chile-based joint venture ESEL for a sterling equivalent purchase price of £56m.

It said the deal will strengthen its direct market channels and manufacturing capabilities in South America and accelerate the long-term market growth opportunity for Weir in the LATAM region.

FTSE 100 - Risers

Fresnillo (FRES) 2,986.00p 4.48%
Ashtead Group (AHT) 5,156.00p 2.91%
Flutter Entertainment (DI) (FLTR) 16,590.00p 2.12%
InterContinental Hotels Group (IHG) 10,250.00p 1.99%
Standard Chartered (STAN) 1,750.00p 1.92%
Antofagasta (ANTO) 3,014.00p 1.72%
BT Group (BT.A) 179.55p 1.58%
Burberry Group (BRBY) 1,236.50p 1.52%
Pershing Square Holdings Ltd NPV (PSH) 5,055.00p 1.42%
London Stock Exchange Group (LSEG) 8,514.00p 1.41%

FTSE 100 - Fallers

Metlen Energy & Metals (MTLN) 42.08p -2.83%
Whitbread (WTB) 2,356.00p -2.04%
British American Tobacco (BATS) 4,307.00p -1.76%
Rentokil Initial (RTO) 425.40p -1.64%
Weir Group (WEIR) 2,888.00p -1.63%
Tesco (TSCO) 438.90p -1.59%
Next (NXT) 13,400.00p -1.29%
DCC (CDI) (DCC) 5,080.00p -1.26%
Sainsbury (J) (SBRY) 319.80p -1.17%
Hikma Pharmaceuticals (HIK) 1,511.00p -1.11%