Looking at Europe's main sectors, basic resources outpaced fellow groups, jumping 1.71 percent with Kaz Minerals topping the index and the STOXX 600, with the stock finishing up 10 percent. The rise in miners comes as copper, zinc and nickel prices posted sharp gains on Friday. London-listed miners Antofagasta, Glencore, Anglo American and BHP Billiton all ended the session up more than 3.5 percent each.
In dealmaking news, ride-hailing firm Uber is reportedly in early discussions to buy food delivery upstart Deliveroo for several billion dollars. Bloomberg, citing people familiar with the plans, said any offer would need to be considerably higher than Deliveroo's last reported valuation of more than $2 billion. Uber declined to comment when contacted by CNBC, while Deliveroo said: "Company policy is we do not comment on speculation." Shares of listed competitor Just Eat fell on the news, slipping 4.8 percent — making it the biggest loser on the STOXX 600.
Looking at individual stocks, French engineering firm Altran Technologies climbed 3.38 percent amid a report that the company's chief executive has been buying up shares.
Meanwhile, engineering company Smiths Group dropped 4.4 percent after the firm reported worse-than-expected full-year results. The group said its profits were hurt by short-term issues at its medical unit. Caixabank fell 3.6 percent after Kepler Cheuvreux and KBW slashed their price target on the lender.
Elsewhere, investors will be keeping an eye on Sky, as Twenty-First Century Fox and Comcast head for an auction to settle a takeover of the U.K. broadcaster. The auction will kick off late Friday and is expected to conclude on Saturday. Shares of the broadcaster closed a touch higher on Friday.