It was a broadly flat Friday on the European stock exchanges, with a falling oil price putting a lid on world wide rally in share prices.

Crude fell more than five per cent – well on course to end November 20 per cent down in value on the month.

And that brought oil shares down including StatoilHydro and Total, but it was good news for airlines – British Airways and Air France-KLM both put on value.

Technology stocks took a knock with STMicroelectronics and Infineon both dropped in value.

In all, the FTSE in London gained one and a half per cent, the DAX in Frankfurt was up but only just – so was the CAC 40 in Paris, marking a lacklustre end to a week of rises.

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