LONDON -- On Thursday, London market makers indicated they were still bullish despite the fall and, indeed, on Friday morning the FTSE 100 began with a quick 48-point rise. It pushed even further ahead to stand 135.6 points higher at 6730.2.
was in fine health overnight and this underpinned technology stocks.
gained 11p to 125 ($1.96) after announcing a strategic agreement with
, the online subsidiary of insurer
was top of the tech shares this morning, 280p higher to 84.00 pounds. Number two on the list was
, which rose 137p to 14.00 pounds following a very bullish interim trading statement.
gained 125p to 32.96 pounds and
Geo Interactive Media
weighed in with a gain of 115p to 19.65 pounds.
was up 161p to 37.50 pounds. The
index of leading technology stocks was up 37.1 points to 4549.1.
In biotech stocks,
was up 57p to 18.87 and
rose 62p to 12.50 pounds. However,
was strangely subdued and 2.5p cheaper to 25.22 pounds.
, of Tomb Raider fame, slumped 291p, or 48.1%, to 314 after the company warned of a marked deterioration across all its major territories. Eidos also confirmed rumors that it has sold its stake in Norway's
for 94 million pounds.
rose 14p to 142.5 following an increased recommended 145p per-hare cash offer from
Sara Lee Corporation
, valuing Courtaulds at 150.5 million pounds.
Back in the Old Economy stocks, the banks made good progress under the lead of
, which was up 25.5p to 699.5.
rose 12.5p to 785 and
moved 37p higher to 16.00 pounds.
Media stocks were mixed.
was 64p higher to 23.00 pounds and
gained 30p to 13.75 pounds, but
slipped 29p to 13.48 pounds.
Europe's Continental bourses were higher, as Wall Street's strong performance Thursday helped investors find their courage. The
in Frankfurt was up 153.30 to 7848.08 and the
in Paris improved 39.53 to 6307.84.
German technology shares rebounded solidly from losses earlier in the week, with
up 12.28 euros to 134.78. ($130.92) and
climbing 1.40 euros to 63.10.
Rumors that the merging utilities
were considering a bid for
helped push Veba shares up 3.01 euros to 51.21 and Viag 1.04 euros higher to 20.24.
Telcos were mixed, with
up 0.11 euro to 28.16,
down 0.02 euro to 84.98 and
up 0.60 euro to 183.60.