British FTSE 100 up 1.39% on Friday

FTSE 100 Index, the British benchmark stock market gauge, Friday increased by 1.39 percent, or 91.75 points, to 6,673.38 points.

The London stock index closed higher after a fresh set of reform proposals from Greece.

Greece submitted its new reform proposals to the Eurogroup ahead of the midnight deadline, a spokesperson for the Eurogroup confirmed on Thursday.

Standard Life's share price increased by 4.22 percent, topped the gainers of the blue chips. St James' Place, TUI AG Reg Shs, Schroders and Aberdeen Asset Management rose by 3.82 percent, 3.66 percent, 3.47 percent and 3.43 percent respectively.

ARM Holdings led the top losers of the blue chips with a share price drop of 2.87 percent, followed by Weir Group (1.18 percent), Randgold Resources Ltd (0.72 percent), and Ashtead Group (0.28 percent).