Around the World's Markets: London

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The Independent Online
A LATE BURST of buying helped Footsie reduce its fall to 12.8 points at 5,217.1. In early trading it had been down 70. Supporting shares were mixed with the mid cap index ending a 10 day winning steak.

Asda, the supermarket chain, attracted attention with stories resurfacing that Wal-Mart, the US group ranking as the world's biggest retailer, was planning a bid. It is widely believed the US group plans a European offensive. An Asda valuation of pounds 5bn to pounds 6bn was bandied around.

Derek Pain, page 21

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