Stockwatch Daily: European techs meet solid start

After Nasdaq's two per cent climb by close on Friday and good news on US GDP data, European bourses started the week on firm ground.

By Kate Hanaghan, 30 April 2001 10:00

NEWS In London, the FTSE TechMark was up one per cent, while Germany's Neuer Markt gained almost two and a half per cent. Even the dot-coms come bearing relatively positive news. Letsbuyit.com, the group buying site that escaped bankruptcy by the skin of its teeth, this morning announced that it has secured E25m in funding. It plans to hit profitability by the end of next year. This morning it was up more than fifty per cent. Additionally, online travel site Ebookers gained more than 18 per cent after announcing that it was on track to meet profit targets.

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