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Monday 12 October 1998 23:02 BST

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IN YET another record advance, Footsie surged more than 200 points for the second time in a week, ending 214.2 up at 5,037.6.

Strong overseas markets, hopes of more interest-rate cuts and real and rumoured takeover action helped. Supporting shares also made headway. Glaxo Wellcome jumped 111p to 1,661p on talk of a bid for SmithKline Beecham, up 37.5p to 616p. British Aerospace rose 35p to 391p on reports that it is nearing a merger with Daimler-Benz Aerospace of Germany. Derek Pain, page 20

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