UK's FTSE 100 opens higher on mining, energy boost; Travis Perkins slumps

UK's benchmark FTSE 100 opened higher on Friday on a boost from energy and mining stocks, while a slump in top building materials supplier Travis Perkins following a profit warning pressured the mid-cap industrials. The resource-heavy FTSE 100 was up 0.3% at 0718 GMT.

UK's benchmark FTSE 100 opened higher on Friday on a boost from energy and mining stocks, while a slump in top building materials supplier Travis Perkins following a profit warning pressured the mid-cap industrials.

The resource-heavy FTSE 100 was up 0.3% at 0718 GMT. The export-oriented benchmark index was on track for a weekly gain, underpinned by miners and a weak sterling. Miners and energy stocks tracked crude oil and metals prices higher.

The FTSE 250 mid-cap index was listless. Shares of Travis Perkins dropped 7.4% to a seven-month low after the British company flagged its profit would be hit by challenges in the country's housing market.

ASOS jumped 6.2%, extending gains from the previous session on a return to profitability, with RBC raising its price target on the online fashion retailer. Investors keenly await domestic inflation data and a Bank of England rate decision due next week following a hawkish pause from the U.S. Federal and a 25-basis-point rate hike by the European Central Bank this week.