The market spotlight over the coming week was expected to shift back towards key inflation readings on either side of the Atlantic, assuming calm in global banking.
A top US central bank official said that stresses in the US financial system could be contained even as the Federal Reserve reined in inflation.
European shares slumped on Friday amid sharp selling in the banking space centred on Deutsche Bank.
Analysts at Berenberg hiked their target price on electric services company Centrica from 50. 0p to 110. 0p on Friday, stating the group's strong free cash flow yield had revived its dividend.
Banks were under pressure at the end of the week, in turn drag on Big Oil as investors tried to factor in the impact to economic growth.
London's markets closed in negative territory on Friday, with banks taking the brunt of the hit as sentiment once again soured.
The FTSE 100 ended the week up 0. 95%, or 70. 05 points, closing at 7,405. 45 on Friday.
FTSE 250: 18,435. 00, -1. 57% at close.
JD Wetherspoon shares surged as the pub chain said sales for the last seven weeks were 14. 9% higher than the same period last year as it also swung to a half-year profit despite "ferocious" inflationary pressures.
Elementis revealed on Friday that senior independent director Steve Good had acquired 20,000 ordinary shares in the FTSE 250-listed chemicals firm.
London’s FTSE 100 was down 1. 5% at 7,385. 83 in afternoon trade on Friday.
US-focussed explorer and producer Phoenix Copper said in an update on Friday that it was finalising discussions with a number of parties to place up to $80m of corporate copper bonds, as it first announced on 8 June.
Caledonia Mining reported gross revenue of $142m for 2022 in its full-year results on Friday, up from the $121m it recorded in 2021.
Touchstone Exploration reported an 18% increase in average daily production volumes in its full-year results on Friday, driven by incremental natural gas production from the Coho-1 well, although it did swing to a loss for the year.
Clinical-stage biotechnology company Destiny Pharma announced the publication of landmark clinical data for ‘XF-73’ on Friday, in the US-based peer-reviewed journal Infection Control & Hospital Epidemiology.
Wall Street stocks were in the red early on Friday as fears over the current state of the global banking system stirred up once again.
Fuel cell and electrical chemical specialist Ceres Power reported a decline in revenue to £22. 1m in its final results on Friday, from £30. 8m in 2021.
UK-based investment firm Drumz announced that its investee Acuity Risk Management has entered into a partnership with Tutela Solutions, a provider of governance, risk, and compliance (GRC) solutions based in Florida.
Atalaya Mining announced the filing of a technical report related to the new preliminary economic assessment (PEA) for its Proyecto Riotinto operation in Spain on Friday.
Economic activity in the US was resurgent in March, rising at its fastest level in almost a year, the results of two surveys revealed.
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