LONDON -- Not even a buoyant start on Wall Street could dispel the gloom in Europe from high oil prices and worries about economic growth.
Although off its lows, London's
ended Tuesday down 7 points at 6,404, while the
closed down 68 points, or 1.8%, at 3,760.
After enjoying a decent run-up of late, profit-taking finally hit the oil stocks.
fell 4p, or 0.7%, to 653 ($9.14) and
was lower by 2.5p to 607.5.
Monday's fall on the
hurt tech and telecom stocks.
ended 2p lower, or 0.7%, at 263p despite announcing that it,
and mobile telephone manufacturer
will jointly develop an interactive, Internet-based, personal tracking system known as Cybertrak.
also fell victim to the bearish sentiment even though it won a contract to provide the security infrastructure for
. The shares of Baltimore fell 8p, or 1.1%, to 688p.
Three pieces of positive news from drug developer and researcher
fell on deaf ears. After rocketing as much as 5% to
21.50, the shares eventually succumbed to the Techmark 's negativity and closed down 15p, or 0.7%, to
There were some stand-out performers. Supermarket chain
enjoyed support on the back of solid earnings results. It led the gainers, moving up 18.25p, or 8.4%, to 234.75p.
rose 22p, or 3.9%, to 550 as attention continued to center on whether European Commission regulators would block a tie-up with
. One line has it that if the deal does not go though, Germany's
is waiting in the wings to take out the record and music group.
Europe's other major stock markets finished Tuesday mixed. The
in Paris closed up 7.6, or 0.1%, at 6,529.9 and late in the German session the
in Frankfurt was up 17.1, or 0.3%, at 6,908.8. However, the Neuer Markt's tech-heavy
index was 94.3 lower, or 1.7%, at 5,562.1.
In Paris, construction and telecoms group
rose 1.60 euros, or 2.5%, to 65.50 ($55.91), prior to the release of first-half results for the company after the bell.
Other telecoms were mixed, as
climbed 2.50 euros, or 2%, to 125.50,
rose 0.06 euros, or 0.2%, to 42.10 and
fell 0.02 euros, or 0.1%, to 23.68.
was down 4.89 euros, or 2.8%, at 170.11,
fell 2.90 euros, or 2.9%, to 98.10 and software maker
was 1.30 euros higher, or 0.5%, at 263.30.
performed well as the tech retreated, rising 1.92, or 3.6%, 54.67.