LONDON -- The
began with a 40-point fall as investors in the tech and telecom sectors fretted over
comments Monday, but they aren't yet falling in droves and the Footsie has since recouped some of the losses to stand just 28.4 points lower at 6539.4.
, which will probably become a Footsie constituent on Wednesday, fell 400p to 132.00 pounds,
lost 57p to 33.50 pounds, and
slipped 39p to 39.25 pounds before steadying to stand just 9p cheaper at 39.55 pounds.
News this morning that U.K. cable company
lead and offer unmetered access to the Internet put further pressure on
shares, which fell 33p to 12.55 pounds. Fellow Net provider
, another likely Footsie constituent for Wednesday, fell 99p to 780p.
, sharply higher Monday as eager investors scrambled for weightings in the world's biggest mobile telephone company, shed 7.5p to 391.5, proving that it's always hard to resist a bit of profit-taking when the shares are close to their all-time high.
Other fallers this morning included
, which fell 211p to 63.50 pounds, and
, down 52p to 607, despite good results.
In the media sector,
continues to respond to Monday's strong figures with a further gain of 32p to 25.33 pounds, and
rose 15p to 16.35 pounds.
The Continental stock markets were mixed. The
in Frankfurt was up 14.80 to 7990.58 and the
in Paris was off 29.61 to 6516.37.
Greenspan's shadow loomed large enough to offset surging financial issues in Frankfurt amid reports that
were in advanced talks to combine their retail operations. Deutsche Bank climbed 3.10 euros to 90.02 and Dresdner jumped 6.30 euros to 53.80.
German technology stocks were mixed, with electronics giant
down 7 euros to 179 but software maker
up 14.87 euros to 1024.87.
Like telecom stocks in the U.K., European telcos were also suffering.
fell 3.37 euros to 100.13 and
dropped 3 euros to 200. Spain's
bucked the trend and rose 0.32 euros to 32.52.