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
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
that it is considering a radical break-up plan, including the possible float of
, its joint venture with
. BT shares rose 5p to 922 ($13.95).
rose 17p to 977 and
moved up 30p to
slipped 5p to 315.
added 5p to 239 after word that
, the U.S. software giant, bowed to pressure from the
and said it will give up plans to have joint control of the U.K. cable operator.
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.
rose 10p to
was 2p dearer at 612, while
gained 12.5p to 761.
was up 10p to 865.
was a fraction better at 617.5 and
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
series of computer games.
Europe's other major stock markets were mixed early Monday, with the
in Frankfurt up 13.91 to 7066.13 and the
in Paris 16.01 lower to 6549.96. The
index was down 4.9 to 6125.8.
Blue-chip German tech shares were posting modest gains, with software maker
up 4.01 euros to 199.90 ($189.38),
1.31 euro higher at 109.81 and
up 2.00 euros to 164.50.
Major European telcos were mixed, as
was up 1.40 euros to 62.21, but
was down 0.17 euro to 24.51 and
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
was 0.90 euro higher to 161.40 and
was up 0.65 euro to 75.05.