The FTSE 100 was higher at morning trade largely due to the absence of stocks being sold. Confide...
The FTSE 100 was higher at morning trade largely due to the absence of stocks being sold. Confidence in the technology and telecom sectors received a boost thanks to the Nasdaq's gain of 1.8% on Friday.
The FTSE 100 advanced 40.6 points to 5850.2, with only eleven stocks down in value among the FTSE 100 at morning trade/ Losses were capped at around 1.7% as BskyB led the fallers with a decline of 12.5p to 704p.
A mixed bunch of stocks graced the FTSE 100 leaders' table. Telecom equipment manufacturer Marconi spearheaded gains with a rise of 18p to 356p following speculation it is in bid talks with US tech firm Cisco Systems.
Other tech stocks to benefit from the Nasdaq's decent run on Friday were chip manufacturer ARM and software group Dimension both up around 2.6% and Misys and Logica both posted gains of around 2.3%.
Among the tiddlers shares in support service group AEA Technology were boosted after it said it will pay shareholders the surplus capital from its recently announced disposals. The figure is tipped to be almost as much as the group's market capitalisation, which on Friday was £195.9m. Shares added 35.5p to 256.5p.
Shares in retailer Heal also jumped to good start after confirming it is in early stages of offer talks. Interim results today saw revenue up 8% to £20.6m and pre-tax profits up 8% to £3.03m. Shares surged27.5p to 232.5p.
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