London market quietly easy
> The prices of industrial shares on the London Stock Exchange lacked direction last week, and fluctuated roughly in tandem with Wall Street. However, on Friday they closed lower, mainly in reaction to overnight falls on Wall Street.
However, many poor profit reports from U.K. companies also played their part in giving a pessimistic tone to the market. \ The latest Confederation of British Industry survey painted a gloomy picture of U.K) industry but contained no surprises, and operators again chose to focus on the trend' to lower interest rates, brokers said. % j
Closing prices on Friday of a selection of issues were:
Ampol, 66%; ANZ, 199%; NSW. 148%; BHP, 390; Dalgety, 268; Elder Smith, 167%; Fletcher, 79; Nth B H, 112%; Plessey, 512%;
Renison. 124; RTZ Ord. 405 and regd. 399%; Transdev. 73%; West Mining. 175%; BAT. 458: Distillers, 191; Glaxo, 720; ICI. 286; Lloyds Bank, 393; Marks and Spencer, 158; P and O. 151; Prudential ‘A’. 255; Reed Int, 264; Shell Transport, 374; Unilever. 610; War. Loan, 30; de Beers, 425.
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Press, 9 August 1982, Page 18
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175London market quietly easy Press, 9 August 1982, Page 18
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