LONDON -- Though bourses all around it fell, the
managed to close 37.1 points, or 0.6%, higher at 6,419.6 largely as a result of of
ending up 14.5p, or 5.1%, at 311.5 ($4.73). Without the 'VOD' effect, the Footsie would have joined the rest of the world's major indices in the red.
The decisions -- though by no means shocking -- by the
Bank of England
European Central Bank
and leave interest rates alone also helped.
Investors reacted in predictable fashion to this by picking up selected stocks, while the big institutions largely stayed on the sidelines awaiting the big U.S. jobs number on Friday.
Those individual shares included technology favorites
, up 24p, or 1.1%, at
, which climbed 29.5p, or 5.0%, to 704.5.
Tradepoint Financial Network
staged a very late surge, as buyers came in during the last 30 minutes of trading to leave the stock 21.5p, or 13.8%, higher at 173.5. This week's news that the company is the first to secure approval from the
for U.S. investors to trade in European equities has stimulated interest in the stock.
Most of Europe's other major stock markets closed slightly lower, with the
in Paris closing 8.7 lower, or 0.1%, at 6,454.0. Late in the German trading session the
in Frankfurt was down 7.6, or 0.1%, at 6,954.1 and the Neuer Markt's tech-heavy
index was off 78.2, or 1.3%, at 6,007.0.
Most blue-chip German tech shares were hit by the Nasdaq's poor performance Wednesday, with
down 5.47 euros, or 3.3%, at 161.65 ($153.97),
down 3.87 euros, or 3.5%, at 107.00 and
down 4.00 euros, or 2.0%, at 193.20.
dropped 0.34 euros, or 0.8%, to 40.66, after a report the carmaker will have to pay the European Commission 90 million euros for violating antitrust rules.
fell 0.81 euros, or 1.4%, to 55.40 and
surged 2.79 euros, or 8.3%, to 36.25, after Lehman Brothers raised its price target for the stock.
closed up a whopping 3.95 euros, or 8.8%, at 48.85 amid news two bidders for the Dutch third-generation mobile auction had pulled out at the last minute.
Other European telcos were higher, with
up 1.40 euros, or 2.4%, to 58.85 and
closing up 2.30 euros, or 1.6%, at 145.70.
ended unchanged at 24.00 euros.