Around the World's Markets: London

EARLY GAINS were wiped out as New York remained weak and Footsie ended 29.9 points down at 5,820.2.

Marks & Spencer was the worst-performing blue chip, slumping 53.75p to 339.75p following its trading gloom. The shares are at their lowest since 1993. The Marks misery pulled back shares of most of its suppliers, including Northern Foods, off 8p at 113.5p. But Dixons, the electrical retailer, jumped 100.5p to 1,058.5p, a peak.

Derek Pain, page 19