London investors will likely take their leads from events in the eurozone and United States next week in the absence of major British news, with the Bank of England set to keep interest rates on hold. London's FTSE 100 index of top shares closed at 5,649.68 points on Friday, up 1.39 percent from a week earlier.
The benchmark index grew strongly on Friday in the wake of positive US jobs news, which helped to offset losses caused by fresh tensions over the debt crisis gripping the eurozone. Britain does not use the euro but relies on the eurozone for half of its trade.
Next Thursday, the Bank of England is widely expected to hold its key interest rate at a record low 0.50 percent, where it has stood for almost three years.
The nation's economy showed unexpectedly strong growth of 0.6 percent in the third quarter but the country still faces possible recession in the new year.
The government has slashed its growth outlook, blaming the impact of the eurozone debt crisis, while Britain is struggling to recover amid high unemployment and inflation and despite record-low interest rates.
Finance minister George Osborne has insisted however that there will be no let-up in the coalition's plans to axe a huge public deficit and steer clear of the global debt storm.
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