London market
Share prices were firmer on the London Stock Exchange on Friday, with the “Financial Times” industrial index rising 2.8 points to 436.3. However, on the week the index fell 8 points, reflecting a number of factors which caused the market to decline.
During the week market sentiment was affected by forecasts of lower North Sea oil revenues, a recommendation by the executive of the British Engineering Unions for strike action to support a national pay claim, a gloomy report by the National Institute for Economic and Social Research in its quarterly review and remarks by the Chancellor of the Exchequer (Mr Denis Healey) on the international economy). In addition, there were adverse reports by British Petroleum and E.M.I. Closing prices on Friday of a selection of shares were: Ampol. 56;; ANZ. 200'.: BNSW, 4125; BIIP, 430; Dalgety, 228'.: Elder Smith. 147'.: Lloyds Bank 2421; Mt Lyell, 15; Challenge. 11091; Nth 8.H.. 83: Plessey. 90: IRTZ ord., 172. and regd. 164: B.H. Sth. 661; Trans. Dev.. 631; West. Mining, 371; BAT. 282'.; Distillers. ,164; Glaxo. 5221: ICI. 3311; Marks land Spencer, 138; P and O. 95'; Prudential A. 142; Reed Int., 1O'.; Shell Trans.. 4901; Unilew’, 432; IWar Loan, 36. ”
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Bibliographic details
Press, 6 March 1978, Page 14
Word Count
201London market Press, 6 March 1978, Page 14
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