LONDON -- The London market was not sure whether it was on foot or horseback this morning. Investors weren't sure what to do as the market was leaning toward consolidation after a couple days of modest gains. The
was lately struggling to maintain a rise of 31.2 points at 6240.5.
There is of course one sector that rises above any inertia -- tech. As the
record-breaking run continues, the clamor for tech shows no signs of abating, with the
index up 87 points, or 1.77%, at 5016.9. In order of merit, some of the winners were
, up another 18.75 pounds to 138.00 pounds and
up 140p to 12.45 pounds.
Interactive Investor International
attracted fresh support in the wake of Thursday's sparkling debut and jumped 39p more to 377.5, while
moved up 468p more to 65.10 pounds.
was slow to respond to its results, but is now powering ahead to stand 73p higher at 625. The other banks attracted selective support, with
up 12p at 16.09 pounds and
Bank of Scotland
33p higher to 579.
Media stocks are back in fashion this morning after pausing for breath for a couple of days.
rose above 22 pounds before easing back to stand 35p higher at 21.35 pounds. This follows Thursday's recommendation from
, reiterating an overweight stance.
The fizz has gone out of soft-drinks-to-chocolate maker
, for the time being at least, with shares slipping 4p to 373. Cadbury has risen sharply since unveiling a super set of results earlier in the week.
The Continent's stock markets were mixed, with some issues helped along by merger speculation. The
in Frankfurt was up 45.09, or .59%, to 7625.62 and the
in Paris was down 16.14, or 0.26%, to 6138.82.
Leading the gainers in Frankfurt was automaker
, 1.94 euros higher at 27.14, even though the company denied it was considering a takeover bid from
. Other auto shares were mixed with
up 1.13 euros at 46.84 and
down 0.21 euros at 65.48.
Investors were looking at financial issues, but on a case-by-case basis.
was up 0.29 euros to 40.04,
was down 0.14 euros at 80.25 and
near unchanged at 50.50 euros.
Telecoms were climbing higher, with
up 1.15 euros at 88.15 and
up 2.30 euros at 167.50.
Not all blue-chip tech stocks were higher. Software maker
was up 4.50 euros at 883.50, but
was down 12 euros to 133.