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* Vodafone Group up after Q1 results

* Ocado shines after company settles litigation with AutoStore

* Flash July PMI at 50.7 vs 52.8 in June

* FTSE 100 flat, FTSE 250 adds 0.2%

July 24 (Reuters) -

UK's FTSE 100 was flat on Monday as gains in telecoms firm Vodafone Group balanced losses in financial stocks, while airlines lost ground after Ryanair flagged caution about travel demand.

The blue-chip FTSE 100 held steady at 7664.63 points, while the more domestically-focussed FTSE 250 midcap index added 0.2%.

Vodafone Group rose 4.7% after the company reported an acceleration in first-quarter revenue growth and said it appointed former SAP CFO Luka Mucic as its new finance chief.

The travel and leisure sector, which houses UK's major airline firms, lost 0.6% after industry bellwether Ryanair struck a cautious tone about travel demand for the rest of the year.

UK banks eased 0.5% after gaining over 4% last week.

Looking ahead, the focus remains on the U.S. Federal Reserve, European Central Bank and the Bank of Japan, which will announce their respective interest rate decisions later this week.

"Investors are pretty much treading water... not because they expect any surprises from the decision, but because they'll be keeping an ear out to hear what is said between the lines," said Danni Hewson, head of financial analysis at AJ Bell.

Industrial metal miners slipped 0.5% as prices of most base metals eased. Heavyweight energy stocks lost 0.3% on lower crude prices.

Meanwhile,

a survey

showed Britain's private sector is growing at its weakest pace in six months in July as orders for businesses stagnate in the face of rising interest rates and still-high inflation.

The Bank of England is seen delivering more monetary policy pain next week, given stubbornly high inflation in the country.

Among individual stocks, Ocado Group jumped 9.9% after the online supermarket group and Norwegian robotics firm AutoStore reached a deal to settle patent litigation claims.

Martin Sorrell's

S4 Capital

tumbled 16.2% after the company cut its annual revenue and margin outlook.

Insurer Prudential slipped 2.3% following Citigroup's cut in its price target. (Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann Thoppil and Sonia Cheema)