Around the World's Markets: London

Tuesday 25 August 1998 23:02 BST

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SHARES continued to recover, encouraged by firmer Far Eastern markets and a bright showing by New York. Footsie jumped 100.7 points to 5,654.4, and the mid cap index rallied 44.3 to 5,100.3, but the small cap was again in negative territory, falling 3.5 to 2,285.8.

Rolls-Royce led the advance, rising 20.75p to 236p on its share of the BA Airbus order. Financial shares were strong on takeover hopes with the US bid Sedgwick fanning the speculative flames.

Derek Pain, page 19

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