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 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 3 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
- 5 We have six months to save the world, says leading economist
California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
Fifa corruption probe: Sepp Blatter is being investigated by FBI, claims report
Alton Towers crash: Four seriously injured and 16 guests trapped as Smiler ride carriages collide
Gay teenager 'forced to have sex with his own mother' to 'cure' his homosexuality, campaigners in India say
Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
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