UK equities extended previous losses despite speculation that Spain will announce a reform program that will enable the country to apply for a new bailout. However, reports on less-than-expected increase in the national public sector borrowing last quarter sent the UK shares lower. The FTSE 100 Index slid 0.12% and is currently trading at 5,853.21. A half of sectors within the index eased up. Telecommunications and industrials were the top-gainers, erasing Thursday's losses on weak manufacturing PMI releases. Vodafone added 1.31% while IMI and Rolls-Royce Holdings advanced 1.44% and 0.47%. Lenders also rebounded, with Lloyds Banking Group and Standard Chartered climbing 1.60% and 1.03%. Basic materials pared losses due to climb of Vadanta Resources. Vedanta Resources moved higher by 2.56%.