LONDON -- It's been a typical Monday in London, with the

FTSE 100

starting 20 points lower, but given the

strength of Far Eastern markets, the index perked up and was lately up 22.7 points at 6761.2.

Oils were in the spotlight, with

BP Amoco

(BPA)

falling 11p to 530 ($8.48) amid worries that

ExxonMobil

(XOM) - Get Report

would block BP's takeover of

Atlantic Richfield

(ARC) - Get Report

.

Shell

(SC) - Get Report

eased 4p to 476.5 after reports that it is considering a bid for

BG's

(BRG) - Get Report

oil and gas exploration business. BG rose 18p to 364.

Storehouse

shed 5.5p to 44.5 after confirmation that the company is selling its

Bhs

High Street retailing chain to entrepreneur

Philip Green

for 200 million pounds.

Marks & Spencer

(MASPY)

, a former Philip Green takeover target, added 3.35p to 274 on renewed speculation that

Tesco

will fill the void left by Green. Tesco jumped 9p to 206.5.

Among pharmaceuticals,

SR Pharma

jumped 62p to 502 after positive results from clinical trials to treat lung cancer, and

Peptide Therapeutics

was up 3p at 89 on news that the company has made significant progress in the development of a vaccine against dengue fever.

Glaxo Wellcome

(GLX)

slipped 24p to 18.16 pounds, and

SmithKline Beecham

(SBH) - Get Report

shed 11.5p to 849.

In the technology sector, online auctioneer

QXL.com

(QXLC)

rose 53p to 15.28 pounds after the company agreed to acquire

Bidlet

, a Swedish online auction site, for 347 million pounds.

Infobank

gained 150p to 30.75 pounds, and

TheStreet Recommends

Durlacher

advanced 130p to 27.80 pounds. The

Techmark

index of leading tech stocks was 7.1 points higher at 4685.4.

Pearson

was again outstanding in the media sector and advanced 99p more to 24.37 pounds, before slipping back to stand 14p dearer at 23.52 pounds, but

Reuters

(RTRSY)

fell 13p to 14.27 pounds.

In the big-caps,

BT

(BTY)

rose 28p to 12.88, but

Vodafone AirTouch

(VOD) - Get Report

eased 3p to 365.

Europe's Continental bourses were mostly lower. The

Xetra Dax

in Frankfurt was down 42.41 at 7890.01, but the

CAC 40

in Paris was able to climb 29.21 to 6393.47.

German carmakers were some of the biggest gainers in Frankfurt, as

DaimlerChrysler

(DCX)

announced it was taking a 34% stake in

Mitsubishi

, and

Volkswagen

(VLKAY)

increased its holding in Swedish truck maker

Scania

. DaimlerChrysler was up 1.02 euros at 71.22 ($69.57) and VW was 1.64 euros higher at 46.14.

Technology shares, on the other hand, were weighing on the Dax, with

Epcos

(EPC) - Get Report

down 2.99 euros at 147 and

SAP

(SAP) - Get Report

23.35 euros lower at 903.

Telecoms around Europe were mixed, with

Deutsche Telekom

(DT) - Get Report

down 0.45 euros at 88.95 despite successfully bidding for DaimlerChrysler's IT unit

Debis

, while

France Telecom

(FTE)

was up 1.80 euros at 192.80 and

Telefonica

(TEF) - Get Report

was near unchanged at 27.94 euros.