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FTSE 100 up 0.1%, FTSE 250 flat
March 31 (Reuters) - UK's FTSE 100 inched up on Friday as miner Rio Tinto rose after signing a partnership to develop a copper project, while relief that the domestic economy avoided a recession last year also aided sentiment. Data by the Office for National Statistics showed UK's economy grew in the fourth quarter as the country narrowly avoided a recession. Economic output increased 0.1% in the October to December period, while it was expected that the economy would not show any growth.
Anglo-Australian miner Rio Tinto rose 0.9% after
signing a joint venture with Canada's First Quantum Minerals Ltd to develop the La Granja copper project in Peru.
Industrial metals miners housing Rio Tinto
added 0.3% by 0721 GMT.
The commodity heavy FTSE 100 was up 0.1%, while the
FTSE 250 was flat.
Ocado Group Plc won a High Court legal action
brought by Norwegian robotics firm AutoStore after the
judge dismissed its patent infringement claims, sending shares
of the online supermarket group up 1.8%.
(Reporting by Johann M Cherian in Bengaluru; Editing by Sonia
Cheema)
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