Around the World's Markets: London

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BLUE CHIPS, after an uncertain session, managed to close with modest gains and Footsie rose 11.2 points to 5,491 in average trading. Supporting shares were firm.

British Land was the best performing Footsie constituent, gaining 39.5p to 522p following indications that investment group Warburg Dillon Read was keen on the shares.

The property company continues to stalk Selfridges, the famous London department store demerged from Sears earlier this year. Derek Pain, page 21