LONDON -- The FTSE 100 started to wobble just ahead of the open on Wall Street, but it managed to regain some measure of respectability to end the day 46.0 points higher, or 0.7%, at 6,373.4.
Restraining trade in London is the
Bank of England's
monetary policy meeting and U.S. employment data later this week, as well as the
Federal Open Market Committee
meeting on May 16.
Nevertheless, technology stocks got a boost from the Nasdaq's rise overnight and the
climbed 153.3 points, or 4.2%, to 3,825.3.
Tech shares were led higher by
London Bridge Software
, which split five-for-one today, and jumped 117p, or 17.5%, to 787 ($12,43). Not to be outdone,
climbed 624p, or 16.2%, to
44.61 as investors finally elected to respond to a raft of new deals and alliances announced over the past month relating to its
mobile phone venture.
rose 503p, or 7.8%, to
BATM Advanced Communications
closed 325p better, or 7.1%, at
rose 37p, or 10.3%, to 397 on reports over the weekend that
of Germany may be about to make a bid for the company. On the Neuer Markt
surged 6.50 euros, or 15.7%, to 48.00.
Media stocks also did well, with
rising 123p, or 5.6%, to
up 51p, or 4.4%, to
Telecom stocks experienced something of a roller coaster day. With
, every time you looked away from the screen not only did the price change, but also the direction. BT finally closed 21p higher, or 1.8%, at
11.72, having been as high as
11.87 at one point and as low as
weighed in with a gain of 19p, or 2.4%, at 822, and
climbed 209p, or 7.7%, to
Europe's other bourses ended solidly in the plus column, with the
in Frankfurt up 141.24, or 1.9%, at 7555.92 and the
in Paris 142.69 higher, or 2.2%, at 6562.41. Frankfurt's technology segment the
index of the Neuer Markt closed up 384.56, or 6.1%, at 6707.33.
Gains for German technology stocks were led by
, which rose 6.02 euros, or 3.7%, to 169.02 ($154.75) after announcing a share buyback.
gained 19.50 euros, or 3%, to 668.00 and
trimmed early gains to close up 0.20 euros, or 0.1%, at 155.20.
closed up 3.61 euros, or 5.1%, to 75.00 and
finished 7.80 euros higher, or 4.6%, at 178.00.
closed up 2.26 euros, or 9.2%, at 26.74, after announcing it was in merger talks with Dutch telco
, which ended 13.00 euros higher, or 11.6%, at 125.00.
was one of the day's biggest blue-chip losers, falling 1.43 euros, or 3.1%, to 44.40.