Britain's FTSE edges higher on hopes of weekend Cyprus deal

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SummaryFTSE 100 was down 1.5 pct on the week, its biggest weekly loss since November.

ETX Capital.

BP aside, the most popular stocks were in more "defensive" sectors. Pharmaceutical AstraZeneca advanced 3.3 percent as new CEO Pascal Soriot received favourable reviews from analysts after a marathon eight-hour strategy update.

Telecom BT led the index with a 3.9 percent gain after a target price hike from Nomura. The two stocks combined to add over 8 points to the FTSE 100.

Topping the fallers was Burberry, which fell 4.1 percent after peer Mulberry issued a profit warning, fuelling fears of a drop in spending among affluent tourists.

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