Around the World's Markets: London

Click to follow
The Independent Online
SHARES WERE in ragged retreat from the start of trading. Weak overseas stock markets, particularly New York, hit sentiment and Footsie ended 118.6 points down at 5,541.7; at one time it was off 144.8. Supporting shares were also lowered.

Cadbury Schweppes resisted the gloom, surging 54.5p to 989p following its soft drink deal with Coca-Cola, the US giant. Marks & Spencer fell 26p to a year's low of 392p after departing director Keith Oates, sold 100,000 shares at 419p a time.