18 NOVEMBER 1966, Page 25

ITIHE announcement that the Prime Minister I 'means business' in

taking the first steps to joining the EEC, brought no particular cheer to the equity share markets. The fact that it would take a year or two before the European move, if successful, could become effective, restrained those long-term investors who might have been tempted to buy such obvious beneficiaries as LEYLAND MOTORS, LANCASHIRE COTTON and the paper companies (REED and BOWATER) which are presently suffering from EFTA competition. Mr Wilson's speech at the Mansion House dinner,

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