(Il Sole 24 Ore Radiocor) - London, 16 Aug - Shares in London closed in negative territory but ended the week higher driven by a surge in global stocks following a sell off on August 5.

A surge in the pound following upbeat dat this week, weighed on the blue-chip index.

In July, UK retail sales volumes rose by 0.5% month on month after falling 0.9% in June, according to the Office for National Statistics (ONS).

June sales were revised up from a 1.2% fall in the ONS's previous estimate.

Sales volumes rose by 1.1% in the three months to July, when compared with the three months to April.

Miners continued to weigh following lacklustre data out of China this week.

Antofagasta shed 0.61% at 1,876.00 pence and Glencore closed 1.14% lower at 403.85 pence.

Among individual stocks, GSK shed 0.31% at 1,591.00 pence despite a favourable ruling in Florida where the pharmaceutical giant was on trail amid allegations that its heartburn drug Zantac -pulled off the market in 2020- caused prostate cancer.

Entain added another 2.74% closing at 638.20 pence today following upbeat earnings from US rival Flutter earlier this week.

The London FTSE 100 closed down 0.43% at 8,311.41 points.

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(RADIOCOR) 16-08-24 18:26:34 (0390) 5 NNNN