Europe's banking index suffered more losses Friday, down around 0.74 percent as U.K. lenders struggled amid heightened fears the country could soon crash out of the European Union without a Brexit divorce deal. Metro Bank, Lloyds and RBS all shed value.
Autos were another sector to dip. Volkswagen lost 2.5 percent after announced a 44 billion euro bid to transform a large part of its business toward electric cars.
Meanwhile, media stocks were up more than half a percent amid earnings news. French media conglomerate Vivendi reported stronger-than-anticipated third quarter sales on Friday, supported by growth at its Universal Music Group arm. Shares of the Paris-listed stock rose more than 3 percent on the news.
Looking at individual stocks, Sweden's NIBE Industrier rose to the top of the benchmark after it reported that pre-tax profit surged 20 percent in the first nine-months of the year. Shares of the company jumped more than 5 percent during early afternoon deals.
Elsewhere, Astrazeneca said Friday that the combination of two immunotherapy drugs did not meet the main goal in a closely watched late-stage study for a certain type of lung cancer, Reuters reported. Shares of the company fell 1.79 percent.