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Markets

LSE Volume: 2,870 M
Avg Vol: 3,432 M -16%
Fallers
1,808
Unchanged 656
Risers
2,508

FTSE up on financial, property stocks; Wall St tepid

The FTSE closed up before the long weekend with blue chips following financial and insurance stocks higher, while midcaps enjoyed a property-inspired run-up, as Wall St got off to a tepid start.

Taylor Wimpey says positive momentum has continued

House builder Taylor Wimpey said the positive momentum in the UK housing market has continued and it has had a strong Q1, with improvement across all regions. The market has been driven by better access to mortgages.

blur outlook

Technology company blur Group believes it is well positioned to continue its growth as it enters the second quarter of the year - although revenues for 2013 will be lower than expected.

Oil & Gas Roundup

Mediterranean Oil and Gas's (LON:MOG) shares were down by nearly 16% in late trading after Medoilgas Italia subsidiary lost its over the Ombrina Mare project.

Mining Roundup

Azerbaijan-focused Anglo Asian Mining (LON:AAZ) was the sector's biggest faller after it reduced its gold production target for the year - although it will still be up on 2013.