Around the World's Markets: London

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The Independent Online
TALK OF lower interest rates as well as renewed takeover speculation lifted Footsie 111.4 points to 5,214.7 in brisk trading. But supporting shares had another poor season with the mid cap and small cap indices giving ground.

GRE, the insurance group, and the publisher Reed International rose again on bid hopes, and Granada jumped 51p to 777p following its investment presentation in Manchester. But waters slipped lower following the Government's warning.

Derek Pain, page 23