European Closing Update: Markets End Tough Week on High Note

Pearson's deal with CLT-UFA boosts other media stocks.
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LONDON -- U.K. shares finished with a good deal more fans than they had at the start of the week, although market makers are a little unsure whether Thursday's and Friday's performance was an adjustment that ended with a positive bias or the start of a new bull trend.


FTSE 100

index ended 118.8 points higher, or 1.8%, at 6569.9, and the


index of leading technology stocks was up 238.3 points, or 5.7%, at 4395.1.

A positive influence from U.S. markets certainly helped, but most of the drive came from tech, media and telecom stocks.


celebrated news of record first-quarter sales and a full listing with a gain of 10.37 pounds, or 54.6%, to 29.37 pounds ($46.40), and

Baltimore Technologies


jumped 10.17 pounds, or 15.0%, to 86.00 pounds.


climbed 646p, or 17.5%, to 43.5 pounds, and

Kewill Systems

weighed in with a gain of 471p, or 32.5%, to 19.80 pounds.

However, all of the combined volume wouldn't equate to half an hour's trading in

Vodafone AirTouch

(VOD) - Get Report

, which ended up 13p, or 3.6%, at 356.

In media, the big news was


decision to

combine its TV interests with


. Pearson closed up 267p, or 13.0%, at 23.21 pounds, and this boosted other media stocks such as



, up 121p, or 11.0%, to 12.85 pounds.

Europe's Continental stock markets closed out the week on a positive note, also boosted by tech, media and telecom stocks. The

Xetra Dax

in Frankfurt closed up 75.99, or 1.0%, at 7522.20, and the

CAC 40

in Paris finished 84.02 higher, or 1.4%, at 6308.04.

In Frankfurt, gains for technology stocks were enough to offset slumping financial shares.



finished up 4.95 euros, or 3.4%, at 150.00 ($144.00), and


(SAP) - Get Report

closed 10 euros higher, or 1.4%, at 744.


(EPC) - Get Report

continued a string of great sessions, closing up 9.58 euros, or 7.6%, at 136.40.

Deutsche Bank


was finally able to stop its fall after calling off its

merger with

Dresdner Bank


. Deutsche ended up 0.60 euro, or 0.8%, at 78.10, but Dresdner continued to slide, falling 2.28 euros, or 4.8%, to 45.85.

France Telecom


closed up 4.20 euros, or 2.5%, at 169.70.

Deutsche Telekom

(DT) - Get Report

was up 0.47 euro, or 0.6%, at 79, and


(TEF) - Get Report

was 0.73 euro higher, or 2.9%, at 26.13.