(Updates after markets close)

June 24 (Reuters) - London stocks advanced on Wednesday, with the domestically focused

midcap FTSE index snapping a four-day losing streak as real-estate stocks rallied after Segro ( SEGXF )

rejected U.S.-based Prologis' ( PLD ) $16.6 billion bid.

The blue-chip FTSE 100 index closed 0.3% higher, while the midcap FTSE 250

advanced 0.8%.

* FTSE 350 real-estate investment trusts index jumped 6.9%; real-estate

sector gained 6.3%, making them the top-performing FTSE 350 sectors.

* Segro ( SEGXF ) soared 17.4%, leading the FTSE 100, as Prologis ( PLD ) urged the UK

company's shareholders to press the landlord's board to engage with the U.S. logistics firm.

Prologis ( PLD ) argued the FTSE 100 company is undervalued.

* Prime Minister Keir Starmer's resignation this week paved the way for a leadership contest

that could potentially end in former Greater Manchester mayor Andy Burnham taking the role in

July or September.

* On the macro front, traders are anticipating the Bank of England to lift borrowing costs

by at least 25 basis points before the year ends, LSEG-compiled data showed, to combat inflation

pressures following the Middle East conflict.

* Policymakers such as Alan Taylor have flagged the right response would instead be an

"extended hold", in the face of data that suggests a cooling labour market.

* British fund manager Liontrust's shares gained 12.6% after it said net outflows in

the current quarter have slowed as it expands globally and institutional clients pour in more

funds.

* Industrial metal miners dropped 2.1%, precious metal miners

lost 4.3% and energy shares shed 2.5% as commodity prices dropped.

* Primary Health Properties ( PHPRF ) gained 4.5% after saying it is in advanced discussions

with an unnamed investor for a new joint venture involving the British healthcare REIT's private

hospital assets.