* FTSE 100 up 0.6 pct
* FTSE 250 up 0.1 pct
* Standard Life Aberdeen falls on discounted share offer
* Plus500 slips, discloses "drafting error" in 2017
(Adds company news item, updates to closing prices)
By Muvija M and Shashwat Awasthi
Feb 15 (Reuters) - Britain's FTSE 100 rose for a fifth straight
session and posted its third straight week of gains amid a broader
rally in global markets on Friday on news of progress in the Sino-U.S.
The midcap index meanwhile saw online trading platform Plus500
fall sharply on a report that it may have "misled" investors
The FTSE 100 added 0.6 percent and the midcaps
closed 0.1 percent higher, with investors seeing little change in
the Brexit backdrop after Prime Minister Theresa May's latest defeat
in parliament on Thursday.
Consumer and healthcare stocks -- often deemed attractive in times
of economic uncertainty -- contributed to early gains as weak U.S.
retail sales data and more downbeat data from China fanned worries
about the health of the world economy.
Though initially tentative, the blue-chips strengthened as
Washington and Beijing signalled progress in their negotiations, with
talks set to resume next week in Washington. The index is on track
for its best month since April 2018.
But CMC Markets analyst David Madden said a bounce-back in global
equities since late December appeared to be losing steam.
"Some of the ground that has been made up in the last 7-8
weeks could actually be handed back in the near term," he said.
Royal Bank of Scotland added 2.4 percent after announcing a
better-than-expected dividend and reporting a more than doubling of
Standard Life Aberdeen slumped 6 percent on its worst day in a
year after a discounted share offering.
On the FTSE 250, shares in Plus500, which lost nearly one-third of
its value this week following a profit warning, tumbled after the
Times newspaper reported
that the company may not have informed investors about a $103 million
hit from client trading in 2017.
"After poking in a massive profit warning out of the blue,
this (the Times report) adds further mistrust about management" a
Plus500 later confirmed it had made a "drafting error"
in its 2017 accounts, but said the error would not impact previously
reported revenues, profits or the balance sheet.
The stock fell 12.2 percent to more than a year low and dragged
peers IG Group and CMC Markets lower.
Restaurant Group , which slumped in the last session after
announcing a CEO departure, added 2.5 percent after a Berenberg rating
upgrade, while Domino's Pizza shed nearly 3 percent after a
downgrade by the brokerage.
Premier Foods ended 1.2 percent lower, having skidded as much
as 6.3 percent after dropping plans to sell its dessert brand,
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru, additional
reporting by Helen Reid in London; Editing by Catherine Evans, William Maclean)
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