LONDON -- The market was off to a slow start Thursday morning, with the FTSE 100 down 14.9 points shortly after the opening, but since recovering to stand 24.6 points higher at 6383.9.
A little bit of uncertainty has crept into the techs this morning following a fall in the Nasdaq overnight. The
index, having been marginally lower earlier on, edged forward 14.8 points to 3272.1.
continued to attract buyers and rose 125p more to
19.12 ($28.68), while
gained 70p to
dipped 29p to 563 before picking up to stand 8p cheaper on balance at 584, and
BATM Advanced Communications
slipped 62p to
took a breather after the recent activity and was unchanged at 305, but
rose 6p to 975 and
was a few pence cheaper at
There was a fresh stream of trading statements to keep dealers on their toes this morning.
was shunted into a siding after very poor annual results accompanied by a warning on current-year profits. The shares were down 15p at 825, having been 40p lower at one stage.
posted top-of-the range full-year pretax profits of
587 million, but the shares fell 27p to 530 as the company admitted there is some pressure on its margins.
has moved the stock from a "buy" to an "add" and it is expected that other brokers will trim their profits forecasts.
reported an upbeat first-quarter trading statement this morning and the shares rose 8p to
Europe's other stock markets were mostly higher. The
in Frankfurt was up 74.7 at 7184.4 and the
in Paris was up 35.9 at 6462.2. The Neuer Markt's tech-heavy
index was down 21.6 at 5460.4.
In Frankfurt, financial shares were some of the biggest gainers, with
up 1.10 euros at 83.90 ($78.03) and its erstwhile partner
up 0.75 euro at 44.85.
rose a further 5.86 euros to 316.86 as investors continued to bet that earnings for the world's largest reinsurance company would improve from last year's disastrous results.
Telecom shares were mixed, though.
was down 0.50 euro at 66.40, while
was up 1.00 euro at 158.00 and
was up 1.50 euros at 98.50.