Britain's FTSE falters as financial and commodity stocks fall

(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. See the bottom of the report for more details)

* Mining and energy stocks lose ground

* Standard Life (LSE: SL.L - news) impacted by UBS (LSE: 0QNR.L - news) price target stock

* Brexit worries continue to weigh on market

By Sudip Kar-Gupta

LONDON, June 10 (Reuters) - Britain's top shares index fell on Friday, hit by a drop in major financial and commodity stocks, while lingering uncertainty over the country's vote this month on European Union membership also weighed on the market.

The blue-chip FTSE 100 index was down 0.9 percent at 6,178.08 points. The FTSE is down around 1 percent since the start of 2016 and 13 percent below a record high reached in April 2015.

Shares (Berlin: DI6.BE - news) in insurer Standard Life fell 2.3 percent, making them one the worst-performing FTSE 100 stocks, after investment bank UBS cut its price target on the group.

A retreat in metals and oil prices also knocked back the shares of mining and energy companies such as BP and Antofagasta (Other OTC: ANFGF - news) .

London copper ticked lower on Friday, and was facing its largest weekly loss in more than a month as headwinds from a likely mid-term U.S (Other OTC: UBGXF - news) . rate hike that have boosted the dollar added to pressure from tepid physical demand in top user China.

"With (Other OTC: WWTH - news) commodity markets showing weakness in China, we have seen a second day of weakness in the FTSE," said Cornhill Capital (Other OTC: CGHC - news) stockbroker Lewis Jones.

Several traders added they did not expect the FTSE to make much progress in the build-up to the "Brexit" June 23 vote on Britain's membership of the EU, given persistent uncertainty over the result.

Although the latest betting odds on website Betfair show the implied probability of a British vote to stay in the European Union has risen to almost 78 percent, opinion polls remain split on the matter.

"The heightened fears over the impact a Brexit could have in the UK, Europe, and global economy has renewed a wave of jitters that has weighed on global sentiment," said FXTM research analyst Lukman Otunuga.

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Mike Dolan, Markets Editor EMEA. (Editing by Tom Heneghan)