Around the World's Markets: London

Friday 08 January 1999 00:02 GMT

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SHARES LOST their exuberance, with New York failing to build on its record overnight performance, worries surfacing about Brazilian debts and more tension developing over Iraq.

Footsie gave up 47.6 points to 6,101.2 but supporting indices made progress. Trading was again heavy, with share turnover topping 1.25 billion. P&O, the shipping line, was the worst Footsie performer: the shares sank 38.5p to 635p after the group's stockbroker, WestLB Panmure, cut its profit forecasts.

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