LONDON -- We've got that Friday feeling and so has the market. It's all gone quiet out there until the payrolls and hourly earnings data from the U.S. are released this afternoon. The
fluctuated in a narrow range and was recently 13.2 points higher to 6445.3, while the
index of leading technology stocks was up 30.34 points to 5482.05.
came out with a very good set of results, but the shares gave a relatively muted response, rising just 4p to 329, before slipping back to stand 2.5p cheaper at 322.
rose 83p to 12.57 pounds with vague bid rumors still doing the rounds. The real reason the shares are on the up, however, is relief that the U.K.
Trade and Industry
secretary Stephen Byers has dropped the telecommunications industry from his flagship utilities bill. Also, the
Radio Communications Agency
is about to auction five licenses for the third-generation mobile spectrum. Thirteen bidders have prequalified, of which BT is one.
moved up 5p to 360 and
gained 26p to 920.
The tech stocks were in fine fettle this morning, as
led the charge with a further rise of 425p to 121.75 pounds.
advanced 300p to 10.05 pounds and
fell 170p before reversing to stand 230p higher at 75.00 pounds following Thursday's proposed 100 million-pound share placing to fund expansion.
this morning upgraded Psion, setting a price target of 100 pounds to 120 pounds.
The Continental stock markets were slipping heading into the weekend, with the
in Frankfurt down 12.72 to 7933.05 and the
in Paris down 2.83 to 6474.72.
In Frankfurt, losses were spread across the entire market, with only a few issues able to buck the overall downtrend.
rose 1.72 euros to 101.10, as it was reported the company was in merger talks with
as well as
jumped 9.72 euros to 159 and
fell 9.62 euros to 900.80.
was hit by profit-taking and fell 14 euros to 205 after making major gains Thursday.
in Madrid was down 0.04 euros to 31.46.