BANK SHARE PRICES
Big Rise In London (NZP A.-Reuter—Ccpvricht) LONDON, April 25. Bank share prices soared to record peaks on the London stock exchange today. The boom added £4sm to the market value of shades m Britain’s "big five” banks. The heavy trading followed hopes that other banks may follow the lead of the Midland Bank, which last night announced a “rights” issue of shares—to raise £24m and a free share hand-out to its 76.000 shareholders. In today's buying spree. Midland shares jumped 10s 3d to 124 s—a rise of well over £ 12m in the market value. Since the start of the year. Midland shares have risen 30s 9d, or nearly 33 per cent. The other four large banks showed the following rises today: Barclay up 5s 6d to 91s—a rise of £Um in market value; Westminster “B” shares up 7s 6d to 85s 6d—a rise of £Bm; Lloyd’s up 4s to 76s 7d—a rise of £B.4m; and National Provincial up 4s 6d to 95s 6d—a rise of £s|m.
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Press, Volume C, Issue 29498, 27 April 1961, Page 19
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169BANK SHARE PRICES Press, Volume C, Issue 29498, 27 April 1961, Page 19
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