LONDON -- Following Wall Street's uninspired performance, the
predictably began with an 11-point fall. However, by midmorning, it had recovered slightly to stand 12.8 points higher at 6699.6. Nevertheless, it's quiet.
fell 222p to 95.50 pounds (US$151.85) before rallying strongly to stand 478p higher at 102.50 pounds as the company confirmed a 10-for-1 share split and a share placing. However, it couldn't maintain this momentum, and the stock retreated to stand 228p higher at 100.00 pounds.
Elsewhere in techs,
lost 132p to 12.00 pounds before steadying to move 32p lower to 13.00 pounds. This occurred in the wake of Monday's all-share deal to acquire
, a Scandinavian auction rival, for 313 million pounds.
advanced 12p higher to 11.10 pounds after the company said it will launch a range of its own branded mobile services following a major agreement with
. The telecom sector as a whole was brighter this morning, with
rising 23p to 12.84 pounds and
improving 6.5p to 371.
was at one point up 63p to 34.75 pounds, but dipped 12p to 34.00 pounds.
index of leading tech stocks was up 68.7 points to 4794.8.
Among the pharmaceuticals,
fell 14p to 814 and
shed a like amount to 17.75 pounds.
Oils were narrowly mixed, awaiting the outcome of
talks on production levels. The meeting is expected to result in an agreement to a production increase.
moved up 7p to 522.5, but
was 3p easier at 474.
Europe's other stock markets posted modest gains early Tuesday, with the
in Frankfurt up 128.32 to 8020.81 and the
in Paris 120.05 higher to 6570.90.
Technology shares were back in vogue in Frankfurt, with heavyweights like
helping the Dax higher. Siemens was up 3.68 euros to 162.78 (US$157.90), and SAP moved 22.91 euros higher to 948.11.
Telcos around the Continent were also powering ahead, with
up 4.41 euros to 90.90,
6.50 euros higher to 202 and
up 5.30 euros to 245.30.
was hit by a round of profit-taking after gaining Monday on news of its
plans to acquire more than a third of
. DaimlerChrysler was down 1.36 euros to 69.20.