London prices retreat in dull trading

Press, Volume CXV, Issue 33776, 24 February 1975, Page 18

London prices retreat in dull trading

The prices of equities declined on the London Stock Exchange last week; the F.T. index fell almost 15 points to 260.4.

Interest tn shares wasp . small, and the market was!' discouraged by 1.C.1.’s fourth [ ’’■'uarter results which were* j I elow expectations. Cautious press comment j , and renewed concern about ! '■inflation contributed to the • .[fall in prices, brokers said, i Government bonds firmed i recessionary [ ! influences, further prime '■ h rates reductions, and stock i .(shortage, dealers said. Banks were dull, and oils!, . traded mixed, in spite of thej , North Sea oil find by I . Tenaco. Gold shares turned mixed : 5 after being narrowly higher: .[in reaction to the bullion’ . price. t Dollar stocks were rally- 1 .'ing. , : Australian shares gener-! lally closed the week on an I , easier note, with trading inji this sector described as), I “dead." ,1 Bougainville was one of,, .the few shares to go against■ , the trend. •I Ciosin § Prices on Friday

iof a selection of issues, (were:— Ampol. 421; A.N.Z.. 273 i; |N.S.W,, 325; B.H P.. 597; balgetv, . 152; Elder Smith, 1671; Llo\ds Bank, 1674; Mt Lyell. 100 J; Nat. Bank. 248 J; Challenge. 1251; Ntii 8.H., 121 J; Ple&sey. 63: R.T.Z.. ord.. 166, and regd, 144; B.H! Sth, 214; Transdev., 45i; West. Mining, 1654 s P and O. 87; Prudential A, 108; Reed Paper, 207; Bat.. 272 J; 8.L.M.C., 71; Dls-I tillers, IUSJ; Glaxo. 346; 1.C.1.,; 210; Marks and Spencer, 171;, Shell Transport, 218; Cnllever.i 296 j; War Loan, 24 3/8.