Around the World's Markets: London

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The Independent Online
FOOTSIE ended lower as a weak New York overshadowed the half- point UK rate cut and takeover speculation dried up. In busy trading, with turnover topping 1 billion shares, the index ended 8.8 points off at 5,660.3. Supporting indices recorded modest progress.

Zeneca, after the Astra merger excitement, fell 121p to 2,590p. Railtrack suffered from regulatory strictures, reversing 40p to 1,417p. Colt Telecom surged 53p to a 925p peak following a presentation at a City telecoms conference.

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