After a poor trading session on Thursday, banks rallied during trade. Banks had come under pressure this week following concerns of a potential "Brexit", however as concerns eased overnight, the sector jumped 3 percent.
One key mover in the banking space was Unicredit, up over 5 percent on the back of a Reuters report, which—citing sources—suggested Italy's biggest lender was expecting to draw up a shortlist of three CEO candidates by the end of this month. This propped up fellow Italian banks, with BMPS and Banca Popolare di Milano trading 5.4 percent and 9.6 percent respectively.
The travel and leisure was one of Europe's best performing sectors, up over 2 percent, with London-listed firms Thomas Cook, Restaurant Group, IAG and TUI all posting gains between 3 percent and 7percent.
CNBC's Saheli Roy Choudhury contributed to this report.
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