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FTSE 100 up 0.7%, FTSE 250 UP 1.15%

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Miners drive gains

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Big Yellow ( BYLOF ) soars as Blackstone considers buyout

Oct 13 (Reuters) - London shares made a modest recovery

on Monday, led by miners, as U.S. President Donald Trump

softened his rhetoric on trade tensions with China, worries

about which had sparked a sharp selloff on Friday.

The blue-chip FTSE 100 was up 0.07% as of 1012 GMT,

having dropped 0.9% in the previous session after Trump

threatened 100% tariffs on Chinese imports, reigniting fears of

a trade war between the world's two largest economies.

The mid-cap focused FTSE 250 gained 1.15%.

Over the weekend, Trump struck a more conciliatory tone,

posting that "it will all be fine" and that the U.S. had no

intention to "hurt" China.

In the market, precious metal miners led

gains with 7% rise as gold prices hit another record high.

Gold miners Fresnillo and Endeavour gained

the most in the FTSE 100 with 7.6% and 6.4% rise, respectively.

In the latest round of mergers and acquisitions, U.S.

private equity giant Blackstone said it was in the early

stages of considering a cash offer for Big Yellow Group ( BYLOF ),

lifting the self-storage firm's shares 18.3%.

Rival Safestore ( SFSHF ) also jumped 11.2% on the news.

Tritax Big Box gained nearly 3% after Blackstone

agreed to buy a 9% stake in the UK real estate investment trust.

Tritax agreed to buy Blackstone's UK logistics assets for 1.04

billion pounds ($1.39 billion).

The broader real estate sector advanced 2.5%.

An index of industrial metal miners rose

2.2%, tracking gains in copper prices.

Mining heavyweights Anglo American, Glencore ( GLCNF )

and Rio Tinto rose between 1.5% and 2.8%,

helping lift the blue chip index.

Among other individual stocks, Oxford Instruments ( OXINF )

shed 11.4% as the company expects H1 revenue to drop and said

the shortfall is unlikely to be recovered.

Lloyds Banking Group ( LYG ) gained 1% after a motor

finance charge came in lower than anticipated.