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Britain's FTSE set for fourth straight weekly loss

Reuters - UK Focus

(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)

* FTSE 100 down 0.6 pct

* Inmarsat (Other OTC: IMASF - news) hit by Eutelsat (Paris: FR0010221234 - news) outlook cut

* Coca-Cola HBC falls after forex hits revenues

By Alistair Smout

LONDON, May 13 (Reuters) - Britain's top share index fell on Friday and was set for its fourth straight weekly loss, with Inmarsat the top faller on concerns about the outlook for satellite stocks.

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Britain's FTSE 100 fell 33.84 points, or 0.6 percent, to 6,070.35 by 0822 GMT, down for a second straight session and dropping below its 50-day moving average.

The index is down 0.7 percent this week, set for its fourth straight week of losses. It (Other OTC: ITGL - news) is down 5.4 percent from highs hit in mid-April.

Shares (Berlin: DI6.BE - news) in Inmarsat fell 5.2 percent, the top faller on the index, after an outlook cut from sector peer Eutelsat sent its shares nearly 30 percent lower.

The stock is down 18 percent since it cut its own full-year outlook on May 5.

"Now (NYSE: DNOW - news) people are beginning to worry that there is more to come within the sector. The readacross is showing that it wasn't just a one-off issue for Inmarsat, but there are broader problems which will flow through the whole sector," Chris Beauchamp, market analyst at IG (LSE: IGG.L - news) , said

Bottling firm Coca-Cola HBC fell 4 percent, after adverse currency movements hit its revenue, even though underlying trends improved in its established emerging markets.

"Pricing trends were soft in the quarter but developing markets are improving and there is encouraging volume growth in both emerging and developing markets," Russ Mould, investment director at AJ Bell, said in a note.

Fresnillo (Other OTC: FNLPF - news) was the top riser on the index, up 1.7 percent as gold rebounded from recent falls.

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. (Reporting by Alistair Smout; Editing by Tom Heneghan)