London market still weak
Share prices on the London Stock Exchange rose on the first few days of last week, after indications that the Government’s plans to (nationalise industry will be moderated. The reaction on Wall Street also influenced sentiment. However, later in the : week prices began to decline, mainly because of a new tax on wealth announced by the Chancellor of the Exchequer (Mr Healey). The market closed at 237.1 not far above its 'recent low point. Australian shares were ■ slightly easier on the week, in thin trading. Closing prices on Friday of some selected stocks I were: Ampol. 42J; A.N.Z.. 2211; .N.S.W.. 417); B.HP.. 4371; Dal:getv. 133 J; Elder Smith, 137; ■Lloyds Bank. 1721; Ml Lyell, 120): iX’at. Bank. 198’,; Challenge. 1171; Nth 8.H., 115; Plessey, 62; R.T.Z. ord.. i7O, and regd, 120; B.H. Sth. 136: Transdev., 343; West. Mining, 1031; P and O. 86; Prudential “A, 82; Reed Paper, 201; 8.A.T., 2029; 8.L.M.C., 93; Distillers, 951; Glaxo. 274; ICI, 190; Marks and Spencer, 137; Shell Transport, 181; Unilever, 1272); War Loan, 24
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Bibliographic details
Press, Volume CXIV, Issue 33610, 12 August 1974, Page 17
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175London market still weak Press, Volume CXIV, Issue 33610, 12 August 1974, Page 17
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