The week was a difficult one, with the FTSE 100 slipping down below 6,200 points for the first time since the summer of 2013 during Thursday's trading session. Friday, however, saw the index gain 114.4 points - around 1.8 percent, the best performance since July 2013.
The recovery was prompted in part by comments made in the USA on Thursday. James Bullard, the St Louis Federal Reserve President, said that he felt the cental bank should delay cutting back on economic stimulus measures. Strong corporate earnings also boosted Wall Street, with General Electric and Morgan Stanley performing well.
The markets were also bolstered by rising oil prices. The price of Brent Crude climbed up over $86 a barrel, a gain of more than $3, boosting the share price of Royal Dutch Shell, BP and Tullow Oil. Petrofac also enjoyed a significant gain on Friday. The oil services company posted a rise of seven percent, or 72.5p, up to 1060p.
The biggest faller of the day was Rolls Royce. The company was forced to downgrade its sales and profits guidance, blaming the recent stock market slump and deteriorating economic conditions for its poor performance. Rolls Royce closed down by 12 percent, a loss of 108.5p, at 832p. Two other big losers on Friday were Randgold Reserves (down 156p) and Fresnillo (down 17p).