Retail stocks were one of the worst performers Friday, ending down by 0.65 percent as a sector, after several rating updates. In particular, H&M fell 2.76 percent after a rating downgrade by SEB to a "sell" from a "hold". And Inditex dropped 1.64 percent after Berenberg cut the stock to "sell" from "hold". Analysts have raised concerns over the increasing competition from online shopping.
Meanwhile the utilities sector fell 1.37 percent, with United Utilities Group tumbling over 4 percent, after HSBC slashed its target price and rating on the stock.
On the other hand, media stocks were among the best performers on news of potential mergers. Sky rose 4.1 percent, making it one of the top performers in Europe, boosted by the news that Comcast, parent company of CNBC, and Verizon said they are interested in buying certain parts of 21st Century Fox.
Sticking with the sector, Vivendi jumped 4.4 percent, after a strong performance from the media group's music arm UMG and Canal Plus division in its third-quarter results.