LONDON -- It's been a typical Monday in London, with the
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
falling 11p to 530 ($8.48) amid worries that
would block BP's takeover of
eased 4p to 476.5 after reports that it is considering a bid for
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
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.
jumped 62p to 502 after positive results from clinical trials to treat lung cancer, and
was up 3p at 89 on news that the company has made significant progress in the development of a vaccine against dengue fever.
slipped 24p to 18.16 pounds, and
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
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
eased 3p to 365.
Europe's Continental bourses were mostly lower. The
in Frankfurt was down 42.41 at 7890.01, but the
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
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
down 2.99 euros at 147 and
23.35 euros lower at 903.
Telecoms around Europe were mixed, with
down 0.45 euros at 88.95 despite successfully bidding for DaimlerChrysler's IT unit
was up 1.80 euros at 192.80 and
was near unchanged at 27.94 euros.