ROUNDUP: TMT stocks in London on Monday

UK markets finished the day in positive territory with the techMARK leading the way with a 78.4 point jump to 2100.4. The FTSE 100 registered a 15.5 point increase to close at 5966.9 while AIM completed the picture trick with an 8.6 point rise to 1202.9.

Online estate agency Property Internet, trading as 08004homes.com, was the days biggest riser leaping 57.6% to 10.25p after announcing it was looking to expand through strategic partnerships, with BT being touted as a having an involvement in the plans.

AIM-listed personal finance television service Money Channel rose 35% to 13.5p, with growing speculation of a takeover by financial portal ADVFN.com. ADVFN, however, finished the day down 10% at 6.75p.

A third company in bid talks was LSE-listed online infomediary Scoot.com. The company's shares gained a further 11.7% to close at 14.25p after Scoot rejected Vivendi's 15p a share bid. A break up of the company now looks on the cards if no further bids come forward.

LSE-listed Gameplay was another to rise on the back of bid talks following a statement saying that ‘indicative and conditional offers from third parties for all or parts of the group have been received'. Shares rose 17.5% to 16.75p. Other games related companies moved the other way, however, with Rage falling 3.4% to 7p and Electronics Boutique, who announced in results last week that they are looking to pursue acquisitions, slipping 1.7% to 57.5p.

Online and offline travel company ebookers, which joined the LSE last week, added 18.5% to close at 150p with Q1 results showing a 41% increase on the previous quarter and the company claming it was on target to break even in 2002.

It was a mixed day for the three AIM-listed companies reporting results, with e-business solutions company ECsoft leaping 21.6% to 125p after Q1 results revealed a 50% increase in pre-tax profits, but moving in the opposite direction was internet investment company e-quisitor, which fell back 5.6% to 207.5p, with results revealing that its sole subsidiary TVI had suffered a slowdown in operations due to the current US economy downturn. Office space for equity company Technology & Internet Property Services remained steady on 3.5p with results in line with expectations.

Global news and information group Reuters made a 2.5% gain to 1025p after bankrupt US based Bridge Information Systems revealed that Reuters had made the ‘highest and best' bid for the company.

LSE-listed technology and investment group Bright Station tumbled 27.3% after announcing it was in talks with investors to secure the future of the company which would also see changes at board level, including the departure of chief executive Dan Wagner, and a massive restructuring plan which would involve the disposal of most of the company's other assets apart from Smartlogik, its knowledge management subsidiary.

Computerland, the provider of IT services and e-solutions to corporate users was another to suffer at the hands of the market, after releasing a profit warning that business was ‘below expectations'. Shares closed down 19% to 57.5p.