WPP slides after FY guidance cut
U.S. jobs data eyed
Both FTSE 100, FTSE 250 headed for weekly losses
FTSE 100 up 0.1, FTSE 250 adds 0.2

Aug 4 Reuters UK39;s FTSE 100 rose on Friday after three sessions of losses, buoyed by rising energy stocks, while WPP shares slumped after the world39;s biggest advertising group reduced its fullyear outlook, keeping gains in check.

The FTSE 100 added 0.1. The more domesticallyfocussed FTSE 250 midcap index rose 0.2.

The internationallyfocussed FTSE 100 was headed for a weekly loss after rising for three, as stocks were rattled from downbeat earnings and a surprise U.S. credit rating cut by ratings agency Fitch on Tuesday. The midcap index was on track for a weekly fall of over 1.

Heavyweight energy stocks added 0.8 as oil prices ticked higher.

The FTSE 350 media index fell 0.9 as WPP slipped 7.0 to touch an over sevenmonth low after cutting its fullyear likeforlike growth forecast to 1.53.0 from 35.

WPP is struggling with lower revenues from North America because of weaker spending from technology clients, said Victoria Scholar, head of investment at interactive investor.

After the slump in technology stocks last year, the sector has been carrying out major cost cuts this year such as cutting staff and reducing ad spending, with the latter hurting WPP.

UK39;s travel and leisure sector jumped 1.3 after falling for three straight sessions.

Looking ahead, eyes would be on U.S. jobs data due later in the day to assess the…