The FTSE 100 index of leading UK company shares finished the week at 5,815.19, down 58.02 points or -0.99% on the day and down 119.83 points (-2.02%) over the week.
Continued wrangling in the US to reach agreement over raising the debt ceiling and more concerns about the eurozone sovereign debt crisis pushed global equities lower on Friday.
Banking stocks in London performed poorly and mining stocks also closed lower, with miners reporting that their earnings were being reduced by higher input costs.
Over a year the FTSE 100 has risen from 5,314.00 (up 501.19 points or 9.43%).
£1 is currently worth $1.64230 US or €1.14080 Euros.
Brent Crude Oil Futures is currently priced at $116.70/barrel. Gold is $1,628.50/ounce and Silver is $39.63/ounce.
The UK Bank Rate is 0.5% and CPI inflation was 4.2% for the year to June 2011.
