* Antofagasta ( ANFGF ) drops almost 5%, extending second-day slide

after disappointing production outlook

* FTSE 350 industrial metal and mining index heads for 4.7%

weekly drop

* UK's Sage, Experian ( EXPGF ) and Relx ( RELX ) rise after Reuters reports

Silver Lake-Workday deal

(Updates to market close)

Aug 14 (Reuters) - London's FTSE 100 closed lower on Friday

as miners retreated alongside a dip in copper prices, though

software and data companies rebounded after the report of a

large deal in the sector.

The blue-chip FTSE 100 dipped 0.2% to 10,750.11

points to register its first weekly decline since early July.

The midcap FTSE 250 edged up 0.1% to 24,867.42 points,

ending the week largely flat.

* Shares of miner Antofagasta ( ANFGF ) dropped almost 4.6%,

down sharply for the second consecutive day after its production

outlook disappointed on Thursday and copper prices fell after a

recent rally.

* The FTSE 350 industrial metal and mining index

registered a 4.1% drop this week, marking its

weakest weekly performance since late June.

* Among gainers, shares of Sage Group ( SGGEF ), Experian ( EXPGF )

and RELX ( RELX ) climbed 1.4% to 4.4%, respectively,

after Reuters reported private equity firm Silver Lake was in

talks to acquire U.S. software firm Workday, lifting

the sector.

* Global stocks traded just below record highs as benign

U.S. inflation data this week tempered expectations of Federal

Reserve interest rate hikes this year.

* Still, a lack of progress towards a lasting peace deal

between the United States and Iran has weighed on sentiment and

kept crude prices on track for weekly gains.

* Transit through the Strait of Hormuz appeared to grind to

a near standstill after two more ships were attacked there and

the United States said it could maintain a naval blockade of

Iran indefinitely.

* Bank of England Chief Economist Huw Pill told the Wall

Street Journal that stronger-than-expected British economic

growth figures reinforced the case for higher borrowing costs to

bring inflation back to target, after data showed a surprise

0.3% rise in the UK's gross domestic product in June.

* Traders expect at least one 25-basis-point rate hike from

the BoE by the end of this year, according to LSEG-compiled

data.

* Ladbrokes owner Entain ( GMVHF ) rose 2.1% as it beat

first-half profit expectations, while identity technology

company GB Group sank nearly 31%, its steepest one-day

fall ever,after cutting its annual revenue growth forecast.

(Reporting by Anand Gopal and Sruthi Shankar in Bengaluru;

Editing by Joyjeet Das)