Update: FTSE drops further to end week down 10%

UK shares rounded off a dismal week with further heavy losses despite better than expected jobs data in the US, as worries over the Eurozone crisis worsened.

The FTSE 100 closed down another 146 points Friday, shedding 2.7% to leave the blue chip index down at 5,247 points. Losses left it 10% down on last Friday's close, capping one of the worst weeks for investors for years. The losses came despite better than expected jobs data in the US which prompted a brief rise. The US opened strongly after non-farm payrolls came in well ahead of economists' predictions. However, positive sentiment was short lived with indices all in the red as London shut, amid fears the Eurozone crisis is spreading wider than feared across the region. Euro...