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Britain's FTSE records another weekly gain, led by commodities

* FTSE 100 up 1.1 pct at close

* Miners, energy rally with commodities

* FTSE has outperformed Europe in recent weeks

* Marks and Spencer extends gains

* Experian (Other OTC: EXPGF - news) falls after double downgrade on Brazil risk (Updates prices at close)

By Kit Rees and Alistair Smout

LONDON, April 8 (Reuters) - Britain's top share index posted another weekly rise on Friday, helped by buoyant commodity stocks and continuing a run that has seen it outperform European indexes.

The FTSE 100 was up 67.52 points, or 1.1 percent, at 6,204.41 points at its close, up 1 percent for the week.

Mining shares rose 3.8 percent. Anglo American (LSE: AAL.L - news) , BHP Billiton (NYSE: BBL - news) , Rio Tinto (LSE: RIO.L - news) , Glencore (Amsterdam: GX8.AS - news) and Antofagasta (Other OTC: ANFGF - news) gained 1.6 to 8.1 percent .

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Energy shares contributed around 19 points to gains. BP and Shell (LSE: RDSB.L - news) added the most points to the index after Brent crude rose above $40 dollars a barrel.

Some analysts still weren't convinced risk appetite had increased, though.

"I think there is definitely an element of short-covering to some of the upside moves that we're seeing at the moment, and it isn't necessarily manifesting (in) any real risk-on sentiment," Brenda Kelly, head analyst at London Capital Group, said.

Retailer Marks and Spencer also rose, extending a rally from Thursday when its results beat forecasts, after Canaccord Genuity (Other OTC: CCORF - news) upgraded its rating on the stock to "buy" from "speculative buy". The stock's gains for the week reached 9.1 percent, the biggest weekly gain since November 2014.

The FTSE 100's heavy weighting in commodities has helped it to outperform other European stocks in recent weeks and to rise for the third week in the past four. The FTSEurofirst 300 has posted four straight weeks of losses.

Experian was down 1.3 percent, leading declines, after HSBC cut the credit data company to "reduce" from "buy", citing structural risks in Brazil

"Brazil's largest commercial banks ... are working to set up a Positive credit bureau that will compete with Experian," analysts at HSBC said in a note. "We believe such a market development poses a multiple de-rating threat."

Asset manager Schroders (LSE: SDR.L - news) dropped 1 percent after Exane BNP Paribas cut its rating on the stock to "neutral", citing the company's weak flow and fund performance momentum .

ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions or feedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA. (Editing by Larry King)