LONDON -- It was a mixed day for European markets, with technology shares again succumbing to selling pressure.

In London, the

FTSE 100

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).

Airport operator



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

Deutsche Bank

to switch into

SmithKline Beecham

(SBH) - Get Report

. Smithkline ended up 19p, or 2.4% at 811 and merger partner

Glaxo Wellcome


closed the session 35p higher, or 2.1%, at 17.36 pounds.

The tech sector provided some interest and contrasting fortunes.

Baltimore Technologies


fell 601p, or 5.9%, to 95.97 pounds, and

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BATM Advanced Communications

slid 262p, or 3.3%, to 64.87 pounds.

On the upside,

Arm Holdings


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

Xetra Dax

in Frankfurt ended down 67.17, or 0.4%, at 7864.76, but the

CAC 40

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


(SAP) - Get Report

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.

Deutsche Telekom

(DT) - Get Report

recouped morning gains to end down 2.10 euros, or 2.3%, at 89.50 and

France Telecom


fell 1.5 euros, or 0.8%, to 199.50.