LONDON -- U.K. technology companies got another pasting Wednesday morning, but a buoyant oil sector was doing its best to prop up the
. The Footsie was 25.2 points lower to 6441.3.
With world oil prices sharply higher amid continuing fears about supply levels, and brent crude above $30 a barrel, buyers have homed in on
, which was up 42.5p to 548 (US$8.54), and
, which gained 25p to 488.
, on the other hand, dipped 11.5p to 126 following its annual results.
rallied 26p to 11.96 pounds after the company unveiled further details of its unmetered Internet access package. Also doing better was
, up 336p to 63.80 pounds.
was up 58p to 39.99 pounds before reversing to stand 64p lower on balance at 38.77 pounds. Other losers included
, which dipped 775p to 123.00 pounds, and
, which lost 205p to 21.87 pounds.
fell 141p to 20.00 pounds and
was off 286p to 43.51 pounds. The
index of leading technology stocks was down 126.6 points to 5476.5.
The major Continental stock markets were in negative territory. The
in Frankfurt was down 26.00 to 8038.97 and the
in Paris was off 35.71 to 6406.14.
After surging Tuesday amid reports of an imminent merger,
were both hit by some profit-taking. Deutsche Bank fell 3.15 euros (US$87.16) to 91.75 and Dresdner dropped 1.67 euros to 55.33.
, which owns stakes in both banks, jumped 16 euros to 396.
Elsewhere in Frankfurt, technology stocks like
were mostly lower, but carmakers such as
rose. Siemens was down 4.45 euros to 178.55 and DaimlerChrysler was up 1.15 euros to 64.93.
also helped the index lower, as reports surfaced that a merger with
won't happen. DT fell 3.60 euros to 97.25.