Bank Stock In Spree
right) LONDON, Feb. 23. Britain’s four largest banks today found their shares embroiled in a buying and selling spree on the stock exchange. This new experience for the sedate pillars of Britain’s banking system followed Friday’s first disclosure of their true profits and reserves. Disappointment over the returns of the biggest of the banks, Barclays, and also those of the Midland, resulted in the share values of both of them being heavily slashed to knock £7om off their combined value. The disclosures of Lloyds and National Westminster pleased the analysts, however, and between them these two had more than £4om added to their market value. Dealing in bank shares became so hectic that jobbers had to call in reserves to cope with the rush of business. Business Personal Mr A. M. Harvie has been appointed to the board of Shell Oil New Zealand, Ltd. Since joining Shell in 1947 he has held positions covering most of the company’s activities. Towards the end of last year he was appointed managing director’s representative in Auckland.
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Press, Volume CIX, Issue 32232, 26 February 1970, Page 15
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177Bank Stock In Spree Press, Volume CIX, Issue 32232, 26 February 1970, Page 15
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