Around the World's Markets: London

A LATE RALLY helped Footsie to end a volatile week on a confident note - up 124.5 points at 4,823.4. Mid cap shares were also higher but once again the small cap contingent was in retreat. Talk of asset switching out of Government stocks into equities and bigger than expected bank rate cuts in Ireland and Portugal were cited as other favourable influences.

Shares mauled in the bear marketled the Footsie rally with US fund manager Amvescap rising 53p to 333p. Derek Pain, page 22