LONDON -- Returning from a long holiday weekend, the U.K. equity markets put in a solid performance Tuesday. The highfliers were mostly confined to the technology, media and telecoms sectors, although selected smokestacks also built up a head of steam.
jumped 142.7 points to 6,359.6, while the
of leading technology stocks climbed 135.2 to 3,143.3.
shone brightly adding 94p to 486 ($7.25), while parent company
rose 46p to 320, as the market warmed to rumors that the company may go for the pot of gold at the end of the rainbow and sell its 80% stake in Freeserve to T-Online of Germany.
led the telecom sector up as it responded positively to better-than-expected annual results and the well-signposted sale of
, with a juicy gain of 21p to 302.
ignored competition worries caused by the latest Oftel ruling, and jumped 72p to 969.
cruised on 134p to
Cable & Wireless
sailed ahead 110p to
was boosted by its latest e-commerce acquisition and gained 255p to
led the tech stocks higher with a gain of 300p at
BATM Advanced Communications
took a 250p rise to close at
Pace Micro Technology
jumped 105p to 875 following an upbeat trading statement.
But not all tech stocks soared,
, for one, was unable to sustain an early rise and ended the session with a fall of 56p to
Europe's other stock markets finished Tuesday higher, also lead by telecom and technology shares. The
in Frankfurt closed up 102.6, or 1.5%, at 7,119.3 and the
in Paris ended 120.4 higher, or 1.9%, at 6,325.5. The
index closed up 203.3, or 3.5%, at 5,948.6.
In Frankfurt blue-chip techs were mixed, with
closing down 0.44 euros, or 0.3%, at 155.56 euros ($144.15),
up 4.19 euros, or 3.4%, at 127.35 and software maker
erasing losses to end up 3.51 euros, or 0.7%, at 551.00.
listed Internet service provider
was able to build on Monday's gains amid speculation the company was considering a $9-billion bid for leading British ISP
. T-Online finished up 0.65 euros, or 1.7%, at 38.40.
Major European telecoms finished Tuesday higher, as
climbed 0.68 euros, or 3.1%, to 22.33 and France Telecom rose 4.50 euros, or 3.1%, to 148.90, erasing early losses.
closed up 2.58 euros, or 4.1%, at 65.00, after the company released details of the upcoming share sale of 7% of the German government's stake.