UK stocks closed lower on Friday deepening a weekly drop amid declines in oil and gas companies.
Shell shares fell 5.9% after saying it’s on track to complete its takeover of BG Group.
Tullow and BP followed crude prices lower, dragging a gauge of energy shares to its lowest level since 2004.
The FTSE 100 Index lost 0.7% at the close in London. The benchmark rose as much as 1% earlier as US payrolls data beat estimates. Amid a China-fueled global rout, the miner- heavy equity benchmark has slipped 5.3% this week, the most since August.
The broader FTSE All-Share Index slid 0.6% and Ireland’s ISEQ Index was up 0.2 percent today.
Among other stocks active on corporate
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, Sports Direct International Plc tumbled 15 percent after saying it’s no longer confident of meeting its full-year earnings target.
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