Around the World's Markets: London

A LATE sell-off left the FTSE 100 down 77.3 points at 5,055.6, its lowest close this year. Trading turnover was more than 1.1 billion shares.

An uncertain New York offered no support, but the shock profits warning and job losses at Shell did most damage. Shell lost 18.75p (after 32.25p) to 336p, wiping pounds 1.8bn from its value. Diageo, which reports next week, fell 49p to 532p, its lowest since it was created by the GrandMet/Guinness merger.