(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.3%, FTSE 250 adds 0.4%
May 7 (Reuters) - London's FTSE 100 rose on Friday and was on track for its best weekly performance in a month, as hopes of a stronger economic recovery powered energy and industrial stocks, while Meggitt shares soared on a takeover report.
The domestically focused mid-cap FTSE 250 index .FTMC advanced 0.4%.
St. Modwen Properties SMP.L surged 19.1% after it received a potential takeover offer from private equity firm Blackstone (NYSE: BX ), valuing the property developer at around 1.21 billion pounds ($1.68 billion). MGGT.L jumped 12.8% on report that Woodward WWD.O was looking to acquire the UK aero-engineer.
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