The pan-European Stoxx 600 popped 0.37 percent by the provisional close, with almost all sectors closing in the black.
On the bourses front, the FTSE 100 surpassed fellow indexes, closing up 1.67 percent as sterling came under pressure. The French CAC 40 rose 0.78 percent, and Germany's DAX jumped 0.82 percent.
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, down over 5 percent — making it the biggest loser on the STOXX 600.
Looking at individual stocks, French engineering firm Altran Technologies climbed near to the top of the European benchmark amid a report that the company's chief executive has been buying up shares. The stock surged over 5 percent.
Shipping firm Moller-Maersk climbed some 2 percent after HSBC upgraded the stock to "buy" from "hold," and raised its price target to 11,100 Danish krone ($1,754) from 9,100 Danish krone.
Meanwhile, engineering company Smiths Group dropped 3.6 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 dropped almost 3 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 later today and is expected to conclude on Saturday.
On the continent, Brexit continues to remain under the lenses of traders, after European leaders upped the pressure on British Prime Minister Theresa May at an informal summit in Salzburg, Austria. European Council President Donald Tusk said the U.K. leader's plan to withdraw from the European Union "will not work."
Following on from the meeting, the British leader said Friday that the U.K. and EU were at an "impasse" in Brexit discussions. May said she wouldn't overturn the result of the referendum that took place in June 2016. Sterling hit a session low following the speech, trading at $1.308, down more than 1 percent against the dollar around 2:30 p.m. London time..