Around the World's Markets: London

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The Independent Online
THE 250 middle ranking shares made the market running. Takeover excitement among engineers and builders sent the mid cap index soaring 93.5 points to 5,215.3. Blue chips, as measured by Footsie, were just 0.6 higher at 6,012. Trading was again heavy, with turnover above 1.2 billion.

The takeover approach to engineer Weir, a long-time bid favourite, generated much of the euphoria. Weir jumped 62.5p to 294.5p, encouraging BICC, up 10.5p to 74p, and BBA, up 58p at 454.5p.