LONDON -- Wall Street failed to make its mark on London stocks, which was unusual when you consider that the U.K. market has lately been struggling to find a direction. As the
Dow Jones Industrial Average
struggled to keep its head above water, the
ended 120.9 points higher, or 1.9%, at 6,532.1, while the
index of leading tech stocks was up 185.3, or 3.4%, at 5,599.1.
was one of the day's star performers, rising 144p, or 12.3%, to 13.15 pounds. The shares did well in ADR form on Wall Street overnight and then got a further fillip from mobile Internet portal ventures and a
recommendation that included a 24.00 pound price target.
was the other ADR favored trade, with investors bidding up the price 127p, or 8.8%, to 15.71 pounds.
The march to better things continues in the tech sector.
rose 10.50 pounds, or 9.4%, to 132.50 pounds after buying its Japanese partner, while
registered a gain of 582p, or 11.9%, to 48.20 pounds.
, still celebrating its promotion to the FTSE 100 index, gained 274p, or 4.4%, to 64.42 pounds, and
jumped 345p, or 4.4%, to 27.25 pounds after details of a proposed ¿52-million share placing to fund an Internet expansion.
blotted the tech copy book with a loss of 310p, or 16.7%, to 16.70 pounds after it disappointed the market with its earnings results.
There appears to be a revival of interest in prospective merger partners
, up 59p, or 3.9%, to 15.64 pounds, and
, 31p, or 4.7%, higher at 709.
The major continental stock markets closed mixed. The
in Frankfurt closed down 37.85, or 0.5%, at 7949.15 and the
in Paris finished up 78.46, or 1.2%, at 6423.43.
The merger between
kept financial issues under the spotlight. After confirming they would join forces in a $30-billion merger, both slid as concerns over their ability to cut costs surfaced. Deutsche Bank closed 11.94 euros lower, or 13%, at 80.81 ($76.90) and Dresdner dropped 5.96 euros, or 10.7%, to 50.
surged 2.01 euros, or 4.8%, to 44.01 amid reports that
was now preparing a hostile bid for Germany's fourth largest bank.
Frankfurt technology stocks climbed, recouping some of their losses from the past few sessions.
closed up 6.12, or 3.5%, to 182.50 and software maker
rose 19 euros, or 1.9%, to 1023.