LONDON -- It was a mixed day for European markets, with technology shares again succumbing to selling pressure.
In London, the
closed 51.3 points lower, or 0.8%, at 6,598.8, and the
index of leading technology stocks ended 50.5 points down, or 1.1%, at 4,712.5.
Among the biggest losers was Rupert Murdoch's
. The market was distinctly unimpressed with the 340 million pound share placing proposals to fund the acquisition of
of Germany, and the shares fell 165p, or 8.4%, to 17.98 pounds ($28.77).
didn't perform much better, down 35.75p, or 8.3%, to 394.25 after the CEO told analysts that profits from the firm's U.S. duty-free operations were below expectations.
dipped 130p, or 4.9%, to 25.51 pounds following advice from
to switch into
. Smithkline ended up 19p, or 2.4% at 811 and merger partner
closed the session 35p higher, or 2.1%, at 17.36 pounds.
The tech sector provided some interest and contrasting fortunes.
fell 601p, or 5.9%, to 95.97 pounds, and
BATM Advanced Communications
slid 262p, or 3.3%, to 64.87 pounds.
On the upside,
jumped 52p, or 1.3%, to 41.52 pounds and
Interactive Investor International
rose 29.50p, or 14.9%, to 228 after it announced details of its new wireless application protocol and interactive television services.
Europe's continental stock markets were mixed. The
in Frankfurt ended down 67.17, or 0.4%, at 7864.76, but the
in Paris managed to erase early losses and close up 95.90, or 1.5%, at 6505.48.
Technology shares bore the brunt of the selling in Frankfurt.
closed down 2.65 euros, or 1.7%, at 154.25 ($149.59) and
fell 76 euros, or 8.2%, to 849.
was one of the day's biggest gainers, rising 1.20 euros, or 2.6%, to 47.30.
climbed 0.9 euros, or 2%, to 45.95.
recouped morning gains to end down 2.10 euros, or 2.3%, at 89.50 and
fell 1.5 euros, or 0.8%, to 199.50.