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UPDATE 1-Tesco, Vodafone keep Britain's FTSE afloat

* FTSE 100 flat at close, mid caps up 0.3 pct

* Tesco jumps as regulator clears Booker deal

* Vodafone rallies after raising FY outlook

* Record inflow boosts Intermediate Capital

* But weaker commodity stocks weigh (Recasts, adds quote and detail, graphic, updates prices at close)

MILAN, Nov 14 (Reuters) - Britain's top stock index steadied on Tuesday as Tesco rallied after it won approval for a takeover and Vodafone reported strong results, outweighing weakness among mining companies.

The FTSE 100 ended the session flat in percentage terms at 7,414.42.6 points, following three straight days of declines. The mid-cap index gained 0.3 percent.

Tesco was the top riser, jumping 6.2 percent after the British competition regulator gave provisional approval for its proposed 3.7 billion-pound takeover of wholesaler Booker , moving Britain's biggest retailer closer to securing a new avenue of growth. Booker rose 6.8 percent.

"This is a positive catalyst for the Tesco share price as it reduces the uncertainty over this deal," Bernstein analyst Bruno Monteyne said.

"However, we expect some uncertainty to remain as the focus will now shift to: will investors approve the deal?"

Also in the food retail space, Sainsbury's rose 0.7 percent after data showed that Britain's second-biggest grocer after Tesco posted the strongest rise in grocery sales in the last 12 weeks.

Vodafone was another strong performer, rallying more than 5 percent after raising its forecast for full-year earnings growth to around 10 percent from 4 to 8 percent, based on a strong first half.

However, drops among mining stocks weighed on the broader market. Shares in Rio Tinto, Anglo American, Antofagasta and Glencore declined 2.5 percent to nearly 3 percent as the underlying price of copper fell.

ITV was another faller, down 2.6 percent after posting a 1 percent decline in third-quarter sales.

Outside of the FTSE, mid-cap asset manager Intermediate Capital soared 8.2 percent after reporting record inflows.

On the macroeconomic front, investors were also focusing on October consumer inflation data, which unexpectedly held steady.

The data sent sterling close to a three-week low against the euro as it raised new questions over the Bank of England's interest rate action. The currency recovered, however, later in the session.

"This probably isnt the peak in UK inflation," Aberdeen Standard Investments' senior economist Paul Diggle said in a note.

"Given that consumption has been the bedrock of the UK economy since the referendum, that doesnt bode particularly well for growth," Diggle added.

(Reporting by Danilo Masoni and Kit Rees)