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European shares rose on Friday to claw back ground from losses in the previous session, with mining and telecom stocks outperforming.
Shares in British hedge fund Man Group jumped 9 per cent after the company reported a rise in assets under management, and announced a share buyback and acquisition of investment management company Aalto.
The pan-European STOXX 600 index rose 0.6 per cent, although the index remains down by around 8 per cent since the start of 2016.
Mining stocks outperformed after a batch of solid economic data from China, the top global consumer of metals and the world's second-biggest economy.
Data showed that China’s producer prices unexpectedly rose in September for the first time in nearly five years, while consumer inflation quickened to 1.9 per cent from a year earlier, also beating market expectations.
Shares in French telecoms group SFR climbed 5.6 per cent after rival Altice acquired another 5 per cent stake in SFR, with the broader STOXX Europe 600 telecom index advancing by 0.6 per cent.
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