By Carla Mozee, MarketWatch

LONDON (MarketWatch) -- The U.K.'s FTSE 100 benchmark rose Friday, its first win in three sessions, but still fell over a week that saw fears about stagnating global growth drive the benchmark into a correction.

The FTSE 100 climbed 1.9% to 6,310.29, which pared its weekly fall to 0.5%.

That was its fourth consecutive weekly drop, costing the index a combined 7.7%. At its lowest point during the week, the benchmark was down 10% from the 2014 high reached in May, marking a correction.

European, U.S. and Asian equities were also slammed this week. The Stoxx Europe 600 snapped an eight-session losing streak Friday but ended the week in the red.

The chief economist at the Bank of England, Andrew Haldane, on Friday said he's become "gloomier" over the past three months about the outlook for the U.K. economy, which overall has recently recovered at a stronger pace than other developed economies.

Haldane also said the U.K.'s benchmark interest rate, which currently sits at a record low of 0.5%, could remain "lower, for longer" without pushing inflation higher than the bank's 2% target.

Stocks in focus: Shares of Tullow Oil PLC jumped 8.3%, topping the FTSE 100. The company said it plans to resume exploration activities at a number of its oil sites in Kenya after resolving a dispute with workers, according to a Dow Jones Newswires report.

Carnival PLC shares turned higher to end up 0.9%. The cruise operator assured investors that a guest on board one of its cruise ships, who had been in contact with a testing sample of the deadly Ebola virus showed no signs of being infected.

Petrofac Ltd. leapt 7.3% after the provider of services to the oil and gas industry said it's on track to meet its full-year profit expectations, in the range of $580 million to $600 million.

But Rolls-Royce Holdings PLC shares tumbled 11% after the company cut its full-year sales projection. The engine maker said a number of orders have been canceled or delayed as economic conditions have worsened and Russian trade sanctions have tightened.

Royal Mail PLC shares climbed 4.6% following a ratings upgrade to equal-weight from underweight at Morgan Stanley. "Although we believe Royal Mail continues to face many challenges, following the fall in the share price, the risk-reward is now more balanced," analysts wrote to clients.

Jimmy Choo PLC shares made their trading debut in London after being priced at 140 pence each ($2.27), the bottom of an expected range. Shares ended up 2.7%.

Also, Virgin Money PLC delayed its London IPO, citing turbulent market conditions.

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