London prices mixed

Press, 29 December 1980, Page 21

London prices mixed

Share prices were mixed on the London sharemarket last week with the F.T. index dropping back slightly as trading stopped for the Christmas break. Oils were the most active sector, with the strongest rise being Burmah after it announced the relinquishment of the credit facility extended by the Bank of England in mid-19705. The joint Brambles of Australia and G.K.N. takeover of Redland Purle pushed up the two English companies’ shares, but the merger of Fisons and Boots agrochemical interests had little impact. In the Australian sector,

1 Pancontinental rose strongly t to put on the equivalent of '. 113 c for the week. Other f miners did well as interest e in gold shares was renewed with the price of bullion risb ing above $U.5.600. t A selection of closing t prices were: • Ampol, 86 1/2; ANZ, 260 1/2; y NsY, 148 1/2; BhP, Biu; Dalgety, f 277 1/2; Elder Smith, 132 1/2; Mt Lyell, 86; Challenge, 169 1/2; - Nth BH, 198 1/2; Plessey, 264 1/2: 1 RTZ, ord, 407 1/2, and regd, 407 - 1/2; Trans Devel, 72 1/4; Wcji--1 era Mining, 387 1/2; BAT, 2J6; - Distiller*, 188; Glaxo, 280; ICI, . 318; Marks and Spencer, 112; P and O, 116; Prudential ‘A,’ ,218; ’ Reed, 186; Shell Trans, 476;.Un1“ “ lever, 453; War Loan, 3 1/2, 30 7/8; De Beers, 10 1/4; Lloyds ’, Bank, 330.