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European markets finished the week up after surging in afternoon trading on a weaker than expected U.S. jobs report.

The U.S. economy added 151,000 jobs in August after adding 275,000 last month. Wall Street had been expecting an increase of 180,000.

European equities hit a three-month high as the payroll report dampened expectations of an imminent rate rise in the U.S.

In London, the FTSE 100 surged 2.20% to end the day at 6,894.60. The FTSE 250 was up 0.93% at 18,016.45.

Hikma Pharmaceuticals (HKMPY) was the biggest riser on the London benchmark index, gaining 5.15%, cigarette maker Imperial Brands (IMBBY)  was up 4.23% and Unilever (UN)  gained 3.84%.

Transportation group Go-Ahead shares surged more than 10% throughout the day after reporting a 27% increase in full-year profit. Profits before tax increased to £99.8 million ($132.44 million) and revenue was up 4.5% to £3.4 billion.

The company has come under fire for the Southern Rail franchise it part owns with France's Keolis through the joint venture Govia Thameslink Railway. The line, which links southeast England with London, has experienced repeated disruptions, including cancellations and delays, and strike action over the past months.

Yesterday, the U.K. government announced a £20 million fund to help Southern with its problems and ongoing dispute with employees.

Listed hedge fund Man Group (MNGPY) closed 1.21% up after announcing a change to senior management. Current CFO Jonathan Sorrell will become president, taking over responsibility for sales, corporate strategy, mergers, private markets and the fund of funds business. Mark Jones will take over as CFO. He is currently co-CEO of Man GLG.

In Frankfurt, the Dax was up 1.44% at 10,685.70 and the Cac 40 gained 2.37% to 4,544.81.

Energy companies were the biggest risers on in Frankfurt with RWE (RWEOY) gaining 5.38% and E.ON (EONGY) up more than 3%.

German startup investor Rocket Internet fell more than 7% on Friday after it announced a first-half loss of €617 million ($688 million) compared with a loss of €45.9 million in 2015. Revenue fell to €29 million from €71.3 million.

Adidas (ADDYY) shares fell more than 1.50% after Callaway Golf's (ELY - Get Report) chief executive said the company would not bid for Adidas' golf division.