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LONDON -- Given that the


had a good run Friday after the release of the monthly U.S.

employment report, you would think that U.K. stocks, especially with an ADR, would see some follow-through support the following Monday morning. Unfortunately, so far this Monday, that hasn't been the case. The

FTSE 100

was off 16.7 points to 6480.8 and the


index of leading technology shares index was up 1.5 points to 3447.5.

The telecom sector attracted a modicum of interest after confirmation from

British Telecom


that it is considering a radical break-up plan, including the possible float of


, its joint venture with


(T) - Get AT&T Inc. Report

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. BT shares rose 5p to 922 ($13.95).


rose 17p to 977 and

Colt Telecom


moved up 30p to

23.30, but

Vodafone AirTouch

(VOD) - Get Vodafone Group Plc Report

slipped 5p to 315.



added 5p to 239 after word that


(MSFT) - Get Microsoft Corporation Report

, the U.S. software giant, bowed to pressure from the

European Commission

and said it will give up plans to have joint control of the U.K. cable operator.

Credit Lyonnais

suggested buying banks and selling oils early Monday. Whether investors were taking much notice of this advice is open to question, because both sectors made selective progress.


(BCS) - Get Barclays Plc Report

rose 10p to

15 and

Lloyds TSB


was 2p dearer at 612, while



gained 12.5p to 761.

Standard Chartered

was up 10p to 865.

In oils,

BP Amoco


was a fraction better at 617.5 and


(SC) - Get Santander Consumer USA Holdings, Inc. Report

improved 1.5p to 564.5.




advanced 20p to 515 as French software group


continues to move ahead with plans to buy the company that features cyber-heroine Lara Croft in its

Tomb Raider

series of computer games.

Europe's other major stock markets were mixed early Monday, with the

Xetra Dax

in Frankfurt up 13.91 to 7066.13 and the

CAC 40

in Paris 16.01 lower to 6549.96. The

Neuer Markt's


Nemax 50

index was down 4.9 to 6125.8.

Blue-chip German tech shares were posting modest gains, with software maker


(SAP) - Get SAP SE Report

up 4.01 euros to 199.90 ($189.38),


(EPC) - Get Edgewell Personal Care Co. Report

1.31 euro higher at 109.81 and



up 2.00 euros to 164.50.

Major European telcos were mixed, as

Deutsche Telekom

(DT) - Get Dynatrace, Inc. Report

was up 1.40 euros to 62.21, but


(TEF) - Get Telefónica SA Report

was down 0.17 euro to 24.51 and

France Telecom


was off 0.50 euro to 150.50.

Elsewhere in Paris,


was just holding on to early gains, up 0.05 euro to 90.10,

Total Fina Elf

(TOT) - Get Total SA Report

was 0.90 euro higher to 161.40 and



was up 0.65 euro to 75.05.