STOCK MARKETS - THE WEEK REVIEWED
Sunday 29 June 1997
UK stocks rose 1 per cent to 4,640.3. Gains were limited by concern that the Budget may contain tax changes that will make equities less attractive to fund managers if a 20 per cent tax rebate on dividends enjoyed by pension funds is abolished.
In France, the CAC Index rose 4.9 per cent, setting two new highs to close at 2891.04. On Wednesday the index saw its biggest gain in two years. Rhone-Poulenc said it may make a $4.3bn (pounds 2.58bn) offer for the shares it doesn't own in its US subsidiary Rhone-Poulenc Rorer.
In Germany, the DAX Index rose 0.19 per cent to 3795.41. Volkswagen was the biggest gainer with a rise of 3.7 per cent. Analysts believe the market is being driven by funds boosting equities but the index fell on concern about US rates ahead of the Federal Reserve policy meeting. Copyright: IOS & Bloomberg
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
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