FTSE 100 continues record run, Darktrace rallies on buyout deal

The mip-cap FTSE 250 gained 0.6%, with Darktrace rallying 16.5% after Thoma Bravo agreed to buy the firm for about $5.32 billion. British consumer sentiment returned to a two-year high this month as households took a more positive view of the economy and their own finances, a long-running survey showed.

The UK's FTSE 100 hit fresh highs on Friday as strong earnings from U.S. tech giants buoyed global sentiment, while cybersecurity firm Darktrace rallied following a buyout deal by private equity firm Thoma Bravo.

The blue-chip FTSE 100 was up 0.6% as of 0725 GMT, hitting a record-high for the fourth consecutive session. The index is set for its biggest weekly gain in more than seven months. Sentiment in Asian and broader European markets was optimistic after upbeat earnings from Wall Street tech titans Alphabet and Microsoft.

NatWest jumped 3.4% to touch a more than one-year-high after the British bank's first-quarter profit fell by a less-than-expected 27%. Anglo American slipped 0.8% after it rejected BHP Group's 31.1 billion pound ($38.88 billion) takeover proposal, saying the bid significantly undervalued the London-listed miner and its future prospects. The stock had rallied 16% following BHP's offer on Thursday.

BHP's UK-listed stock fell 0.9%. The mip-cap FTSE 250 gained 0.6%, with Darktrace rallying 16.5% after Thoma Bravo agreed to buy the firm for about $5.32 billion.

British consumer sentiment returned to a two-year high this month as households took a more positive view of the economy and their own finances, a long-running survey showed.

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