Supporting shares were firm but most of the action was directed at blue chips. Hopes of lower interest rates and a strong New York display during London hours also helped sentiment. Imperial Chemical Industries, on hopes of a pounds 2bn disposal, led the blue chip charge with a 34p gain to 561p. BP Amoco, talking merger with Atlantic Richfield, gushed 40p to a 1,077p peak. Derek Pain, page 17
FOOTSIE, encouraged by more evidence of corporate activity, jumped 113.7 points to 6,252.9.