* FTSE 100 up 0.5 pct
* ECB keeps to QE timetable
* Micro focus surge leads index
* Dixons Carphone beats forecasts
* Pearson falls on peer readacross (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
By Alistair Smout and Kit Rees
LONDON, Sept 8 UK shares gave up early gains but outperformed European peers on Thursday after the European Central Bank held rates steady and did not change its asset-buying programme.
The central bank kept the timetable for its quantitative easing programme unchanged, and ECB President Mario Draghi said that the possible extension of the programme had not been discussed, although bank committees had been ordered to consider options.
That sent stocks lower, and the euro higher against the dollar and sterling.
Britain's FTSE was flat, outperforming European shares thanks to sterling weakness, with British companies also less directly exposed to any disappointment from the ECB.
Micro Focus was the top blue chip riser, surging 17 percent to a record high after it agreed to buy Hewlett Packard Enterprise's non-core software assets in a deal worth $8.8 billion.
Jasper Lawler, market analyst at CMC Markets, said the deal was a "good sign for the continued growth of UK business and technology post-Brexit."
Dixons, Britain's biggest consumer electricals and mobile phone retailer, also rose, up 3.6 percent and touching its highest point since Britain voted to leave the European Union after it beat forecasts with a 4 percent increase in quarterly sales.
"With trading ahead of expectations ... we remain confident that we could be upgrading as we move through the year. The shares are weak and remain undervalued and we advocate a strong Buy," analysts at Liberum said in a note.
Pearson, however, dropped over 7 percent, hurt by share losses at its U.S. peer John Wiley, which reported a disappointing set of first-quarter results.
It was joined by Standard Life and Admiral Group , which both fell after going ex-dividend.
Among the mid caps, travel group Thomas Cook Group gained 5.3 percent after rival Dart Group reported a positive set of results, saying that summer leisure travel bookings showed no signs of a slowdown. (Editing by Jeremy Gaunt)
EMERGING MARKETS-Latam stocks, currencies fall across the board as Fed comments weigh
(Updates with closing prices) By Bruno Federowski SAO PAULO, Sept 23 Latin American stocks and currencies fell on Friday as investors booked profits from a two-day rally after Boston Federal Reserve President Eric Rosengren said he believed rates should be raised gradually now. Rosengren was one of three members of the Federal Open Market Committee to dissent at this week's monetary policy meeting that left U.S. interest rates unchanged at a range of 0.25 percent to 0.
UPDATE 1-Brazil's Amaro family sells 6.47 pct of LATAM Airlines
SANTIAGO, Sept 23 Brazil's Amaro family, one of the main controllers of LATAM Airlines, sold a 6.47 percent stake in the regional carrier on Friday on the Santiago stock exchange for some $296 million, as part of a strategy to modify the company's ownership structure.