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


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


(XOM) - Get Report

would block BP's takeover of

Atlantic Richfield

(ARC) - Get Report



(SC) - Get Report

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


(BRG) - Get Report

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


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


High Street retailing chain to entrepreneur

Philip Green

for 200 million pounds.

Marks & Spencer


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


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


slipped 24p to 18.16 pounds, and

SmithKline Beecham

(SBH) - Get Report

shed 11.5p to 849.

In the technology sector, online auctioneer


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


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


gained 150p to 30.75 pounds, and

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advanced 130p to 27.80 pounds. The


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


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



fell 13p to 14.27 pounds.

In the big-caps,



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



announced it was taking a 34% stake in


, and



increased its holding in Swedish truck maker


. 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


(EPC) - Get Report

down 2.99 euros at 147 and


(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


, while

France Telecom


was up 1.80 euros at 192.80 and


(TEF) - Get Report

was near unchanged at 27.94 euros.