Around the World's Markets: London

FEARS THAT New York would tumble after Friday's Compaq profit warning proved groundless, and after losing 95.6 points Footsie rallied to cut its loss to 31.6 points at 6,441.2. Supporting shares also retreated.

Dixons led the leader board, jumping 114p to 1,564p as it signalled a possible float of its Freeserve Internet service provider. Chemical group Laporte rose by 172p to 762.5p after admitting a takeover approach.

Derek Pain, page 19