MARKET IN LONDON

Press, Volume CVI, Issue 31210, 7 November 1966, Page 21

MARKET IN LONDON

Prices Drift Downward (Special Crspdt. N.Z.P.A.) LONDON, Nov. 3. A downward drift in share prices continued on stock markets in Britain this week, and at mid-day yesterday the “Financial Times” index was a further 0.8 down at yet another “low” for the year of 290.8. Conditions continued to be affected by uncertainty about the economic outlook and the flow of depressing news from industry, observers said. Oils, however, were in good form on hopes of news about further North Sea discoveries, and gilt-edged were also back in favour with gains of up to 7s 6d. Fixed interest stocks were looking better. Banks moved ahead on further consideration of this week’s announcement by the Bank of England that there was cash available for loans.

No Dividend By Kaniere (From Our Own Reporter) GREYMOUTH. November 4 Kanieri Gold Dredging Ltd, made a net profit of £9986 for the year ended March 31 compared with £49,153 for the previous year. The directors are not recommending a dividend. Berlei Acquires Peggy Clark W.Z. Press Association) AUCKLAND, November 4. Berlei Industries, Ltd, Auckland, foundation garment, lingerie and knitwear manufacturer, has completed negotiations for the acquisition of all the share capital of Peggy Clark, Ltd, manufacturers of lingerie and nightwear. This was announced by directors of Berlei, today. Alloy Stool.—Director* of Alloy Steel (N.Z.) have declared interim dividend of 9d per share for the year to March 31. This is equivalent to a steady 31 per cent. Total dividend last year was 10 per cent. Dividend is payable on November 10; books close from November 2 to 19; ex dividend November 2.