Theresa May lost control of the Brexit departure date on Thursday as EU leaders agreed a short postponement despite an appeal for a three month delay from the British prime minister.
London's FTSE 100 index ended the week down 20. 69 points at 7,207. 59.
Stocks on the Continent slumped on the back of data showing the weakest reading on euro area manufacturing for 71 months that pushed yields on long-dated German Bunds back into the negative and amid heightened uncertainty around the UK's exit from the European Union.
Stocks on the Continent have failed to track the strong gains seen overnight on Wall Street, hampered by the weakest reading on euro area manufacturing for 71 months that has pushed yields on long-dated German Bunds back into the negative and the ongoing heightened uncertainty around the UK's exit from the European Union.
London stocks were pummeled on Friday, even as the pound regained some composure after European leaders gave the UK a few more weeks to organise its withdrawal from the bloc, while weak German manufacturing data sparked global growth concerns, with the selling in shares extending across the Pond to Wall Street.
RPC's director of finance opted on Thursday to play it safe, selling a large packet of shares in the packaging supplier the day before Berry Group told the market that it would not be tabling a higher takeover offer, unless the company received a better bid from someone else.
LMS Capital on Friday reported that it swung to an annual loss after its net asset value declined with the company now pondering its investment options.
Rate-setters in Moscow lowered their forecast for consumer price inflation and opened the door to a cut in official interest as soon as 2019.
All of London's sectors were in the red on Friday, led by oil-related stocks and industrial engineers.
London's FTSE 250 was 1. 35% lower at 19,086. 56 in afternoon trading on Friday, as oil and gas industry names led the index lower.
Kingfisher’s turnaround plan is still “the right plan”, believes Credit Suisse, but analysts reckon the stock “lacks a near-term catalyst” and faces downside risks from the wider economies of the UK and France.
London's FTSE 100 was down 2. 1% to 7,199. 68 in afternoon trade on Friday, dragged lower by a stronger pound, as weak German manufacturing data weighed on sentiment.
Ladbrokes owner GVC Holdings was said on Friday to be preparing for the departure of chairman Lee Feldman, just days after he sold off a £6m stake in the company.
Home safety products supplier FireAngel Safety Technology Group announced on Friday that it is to supply smoke and heat alarms to a further housing association in Scotland.
Rockfire Resources' shares shot higher on Friday after the miner said it discovered high-grade copper in samples at its project in Central Queensland, Australia.
Trading on Wall Street has gotten off to a volatile start with weak German manufacturing figures sparking worries about global growth, sending traders scurrying for the relative safety of the fixed income space, although some strategists continued to see gains ahead.
Peel Hunt initiated coverage of gold miner Centamin at 'hold' with a 95p price target on Friday, saying it sees a production recovery at the Sukari mine starting in the second quarter, but with an increased year-over-year cost base.
Sainsbury and Asda have to offered to sell between 125 and 150 supermarkets, plus a number of convenience stores and petrol stations, to another grocery rival or a new entrant in a bid to persuade authorities to allow their merger.
Activity in the US manufacturing sector hit a 21-month low in March, according to preliminary data released on Friday.
Independent oil and gas company i3 Energy has contracted Gardline to conduct a site survey for its 2019 and 2020 drilling programme, plus the pipeline route for its Liberator Phase I development, it announced on Friday.