Around the World's Markets: London

A DRAMATIC surge by the newly-formed Marconi group helped drive the stock market up yesterday. The FTSE-100 closed up 48.8 points at 6,646 points. Marconi finished as the biggest per centage gainer, up 12.3 per cent at the end of the second day of trading in what investors now see as high-growth stock, analysts said. Volume was 127 million shares.

Tuesday was the first day of trading for the renamed Marconi - formerly known as GEC

Market report, page 25