Around the World's Markets: London

PEGGED INTEREST rates helped lift shares off their low points with the Footsie closing 38.4 points down at 5,594.1. At one time it was off 85.6. It was the first time the index had closed below 5,600 since February.

Supporting shares also gave ground. The market was ruffled by poor second quarter figures from Shell. The oil giant, off 26.5p to 356p, dragged British Petroleum down 10p to 771p and Enterprise Oil 20p to 464p. Compass, the contract caterer, suffered a 62p fall to 538p.

Derek Pain, page 21