10 The Sunday Times January 12, 2020 BUSINESS

Liam Kelly LETTERS

suppositories. Let’s hope Evans, 58, who lives near Send your letters, including year to help farmers grow insufficiently recognised Cluff suffers writer’s block (capitals) Fitzgerald, 55, doesn’t get Romsey and vowed to SIGNALS full name and address, their businesses. within government. mixed up. celebrate with a takeaway. AND NOISE . . . to: The Sunday Times, We welcome the The alliance’s trade Algy Cluff is not letting the City and was “horrified” “I will have one of 1 Bridge Street, competition from new association members differ in retirement get in the way of that they had not heard of everything,” he said. “As long London SE1 9GF. Or email: lenders, but let’s be positive terms of size and the range keeping busy. As well as FE Smith, the former India Just Eat boss as there is a nice bottle of [email protected] about farmers getting and focus of their activities, launching a new African oil secretary who was Winston wine, I don’t mind.” Letters may be edited financial support and help but, always, the priority is venture with Icap founder Churchill’s closest political stuffs his face Evans will chair the new them to secure it, not pretend benefitting their members. Michael Spencer, the North friend and a Cluff hero. The food delivery drivers group, and holds the same it isn’t there for them. The more companies join Sea pioneer is writing He is hoping to publish the were rushing to Hampshire role at fund management High street are Mark Suthern, national head and engage with their another book. book, his fourth, by June. But on Friday night after Just Eat giant M&G. He will welcome backing Britain’s farmers of agriculture, Barclays relevant trade association, The former Grenadier there is a hold-up: the state was finally gobbled up. the respite after accusations Last week’s report, “New the more they and their Guards captain, 79, is of his pages. “My poor The FTSE 100 takeaway of being overboarded. Let’s lender aims to aid ailing Trade associations deserve sector will benefit. penning Off the Cluff as a secretary has to convert giant at last succumbed to a hope the riders don’t deliver farmers”, suggested that more recognition Jack Semple, secretary, follow-up to his to his 2018 them,” says Cluff. “Because £5.9bn offer from Dutch peer another crisis. farmers are battling to secure It was good to see Heather Engineering and Machinery volume, Unsung Heroes, I write with a pen in block Takeaway.com, as tech financial support from the McGregor’s piece on trade Alliance, London W2 which celebrated characters capitals.” Over Christmas, he investor Prosus tried to high street banks. associations (“There are so who didn’t get proper wrote more than 25,000 disrupt the deal. A hefty BBC chief down How to win over China: don’t lending and support for the many trade bodies . . . ”, last BESTSELLING BOOKS recognition in their lifetimes. words at home in Dover. 80.4% of shareholders with the kids show off, don’t grovel and agriculture sector continues week), and I strongly support Cluff recently gave a talk Many more and Sian, his backed the move in a victory always tell the truth. Tessa to be strong and this is her recommendation that Factfulness to young fund managers in assistant, will force her way for Just Eat chairman Mike It looks as though Auntie Keswick, author of a new reflected in the official Bank companies join such a group Hans and Ola Rosling & 1 Anna Rosling Ronnlund into the book as an unsung finally wants to get down memoir on the Middle of England lending figures. in their sector. Sceptre (10,591) heroine in her own right. with the kids. In a new year Kingdom, explains how to A new generation of The article focused on the Twenty Years of TalkSport JUST SAYING . . . FUNNY BUSINESS missive to staff, Kamal get on with the Chinese farmers is embracing important representation Ian Cruise Ahmed, editorial director technology and work done by trade 2 TalkSport (9,341) Vistry, home of and former economics NEWS REVIEW, PAGE 26 diversification, from associations. It is worth Rebel Ideas There was Matthew Syed editor, waxed lyrical about converting old buildings into emphasising that they do lot 3 the innuendo John Murray (9,226) an imbalance “exciting opportunities”. holiday lets and buying more besides, such as Shoe Dog This year should be exciting The BBC will experiment TWITTER POLL robotic milking machines to providing information, 4 Phil Knight of style for Greg Fitzgerald, boss of with “different types and investing in green and advice, networking Simon & Schuster (5,868) the housebuilder formerly styles of story-telling” and renewable energy. Today’s opportunities, and support Talking to My Daughter About and fit Yes No the Economy known as Bovis. It kicked off have a new focus on “family, farmer is an entrepreneur, a with developing business 5 Yanis Varoufakis with him sealing the £1.1bn identity, inequality and inter- scientist, an engineer, an opportunities, not least for Vintage (5,060) takeover of Galliford Try, the generational differences” as 79% 21% environmental manager and small and medium-sized Rich Dad Poor Dad Robert Kiyosaki construction hybrid he ran it desperately looks to attract an accountant rolled into one. firms. I have seen this in both 6 Plata (4,328) for 12 years, and rebranding a younger audience. Farming has always faced service industries and Black Box Thinking the combined group Vistry. “We will be as interested headwinds, but it is one of the manufacturing. Matthew Syed The unusual name — a in BTechs [sic] as we are in A- oldest and most resilient The 13 members of the 7 John Murray (3,588) Marks & Spencer chief combination of the last three levels, starting work at 18 as industries, and farmers are Engineering and Machinery The Infinite Game Simon Sinek executive Steve Rowe letters of each company — we are in universities, adult some of the most formidable Alliance, which serve 8 Portfolio (3,519) reports the store chain’s was the result of a staff education as we are in people. That won’t change different parts of the Start With Why first total like-for-like sales competition, with the winner primary schools,” he wrote. Does fund manager Neil any time soon, and machinery and component 9 Simon Sinek (3,476) growth in three years, banking a cash prize. Perhaps Ahmed, 52, Woodford have a moral describing them as “ailing” supply chain, are excellent Good Economics for Hard Times marred by excuses that Perhaps someone should should have started by obligation to pay back the does them a disservice. examples. For instance, Abhijit Banerjee and Esther Duflo 10 Allen Lane (3,452) it ordered too many men’s have Googled the name first. learning to spell BTec. £14m dividend he and his Barclays has been several help companies to skinny jeans and in Vistry is also the name for a liam.kelly@ business partner took as supporting the rural sector exhibit at key trade fairs Bestseller list prepared by Nielsen using data supplied by and copyright to Nielsen too many small sizes range of anal and vaginal sunday-times.co.uk their firm faltered last year? since 1744, lending hundreds around the world — work that BookScan, taken from the TCM for the of millions of pounds every is of huge value and is four-week period December 8-January 4 DATABANK INSIDE THE CITY EMMA DUNKLEY THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 DOLLAR 1.5% 1.5% Ireland for €44m Exchange, in 1762. It has FTSE 100 USD > GBP Brewin (£37.5m) last November, amassed £45bn of funds 7,750 CPI including housing current rate prev. month making it the third-largest under management, $1.31 1.5% 1.5% discretionary wealth positioning it as one of the 7,500 W 0.00 Dolphin 12-month high: $1.35 Retail prices index current rate prev. month manager in the Republic. top-10 largest wealth low: $1.20 Last year, Brewin bought managers in the UK. Shares 7,250 2.2% 2.1% EURO Epoch Wealth Management in have risen 6% over the past 7,587.85 Average weekly earnings on prev. month on last year chases EUR > GBP Bath for £19m and Mathieson year to 352.8p. 34.55 H:7,727.5 7,000 £542 0% 3.2% Consulting, the pension Costs have jumped too, 0.45% L:6,734.0 U the wave expert. Other targets included however, to £266m last year, 6,750 €1.17 Unemployment current rate prev. month FTSE 250 W 0.00 Basingstoke-based adviser up from £252m in 2018, as 2019 12-month high: €1.21 1.28m 3.8% 3.8% Wealth managers have had a Aylwin, bought in 2018, and Brewin poached more staff to low: €1.07 Source: Re initiv Manufacturing output on the year on last month tough time of late. The screw asset manager Duncan Lawrie expand, opening an office in RISERS FALLERS YEN has been turned on fees, in 2016 for £28m. Tunbridge Wells and Sirius Minerals: 5.4p U 45.3% on Anglo Card Factory: 93.6p V 34.7% on weak YEN > USD V 1.2% U 0.2% tightened by the rise of The wealth manager, expanding in Cambridge. American rescue hopes McColl’s Retail: Christmas trading SIG: 93.2p V 24.7% Retail sales on the year on last month tracker funds. Last week, which listed in 1994 at 30p That dented profit before tax, 50.3p U 29.7% on analyst note on profit warning Finablr: 126.9p EnQuest: 26.4p U 15.3% on oil price V 23.6% on Travelex cyber attack NMC ¥109.49 U 3.1% V 0.1% US giant Vanguard, a prolific a share, has 39 offices in the which came in at £63m last 21,566.67 spike Premier Oil: £24.40 U 10.9% on Health: £13.49 V 22.9% on owners’ U 1.41 provider of low-cost funds, UK and Channel Islands, year, down from £69m the 421.52 H:22,114.3 North Sea deal Hollywood Bowl: 299p share sale Intu: 25.6p V 22.5% on 12-month high: ¥112.39 9.5% on broker rating continued retail woe low: ¥104.44 received the green light for offering stockbroking previous year. 1.92% L:18,314.9 U UK trade latest 3 mths prev. 3 mths latest 12 mths balance (£bn) providing financial advice in services, financial planning, “Brewin is not as efficient OIL -7.2 -4.8 -48.7 the UK, in a further blow to , and as it could be,” said Stuart DOLLARS/BARREL DOW JONES FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change British asset managers. direct online investments, Duncan at broker Peel Hunt. HANG SENG product But it is not all gloom. such as Isas. “It needs to grow into its cost- 28,823.77 28,638.20 1,638.57 $64.98 U 0.4% V0.2% U1.1% 3.62 Although investors kept some The company has its roots base, by generating more 188.89 H:29,009.1 186.70 H:30,280.1 3.23 H:1,647.9 V Budget deficit latest month prev. month year-to-date 0.66% L:23,703.3 0.66% L:24,899.9 0.20% L:1,356.9 12-month high: $75.60 (PSNB) in £bn of their powder dry last year, in a stockbroking firm revenues.” low: $55.88 -5.6 -9.0 -50.9 because of political established by John Dawes, a Questions hang over the NASDAQ SHANGHAI SENSEX GOLD uncertainty, member of the London Stock economic outlook and Brexit, 9,178.86 3,092.29 41,599.72 DOLLARS/TROY OZ still saw net inflows of £1.4bn hitting prospects of a surge in 158.09 H:9,235.2 8.50 H:3,288.5 135.11 H:41,810.0 into its discretionary funds Brewin Dolphin customer inflows. “Our 1.75% L:6,877.1 0.28% L:2,531.7 0.33% L:35,287.2 $1,559.69 10-YEAR BOND YIELDS % run by managers. Analysts at estimates assume 2020 net 11.47 U variation 12 months Liberum said the inflows flows at the same level of S&P 500 CAC 40 ALL ORDS 12-month high: $1,569.65 400p low: $1,268.45 high low were “well ahead of peers”. 2019,” said Liberum. Still, 3,265.35 6,037.11 7,041.90 The FTSE 250 upmarket 350 Brewin has an attractive 30.50 H:3,283.0 7.05 H:6,071.7 186.70 H:7,046.2 BITCOIN UK 0.77 U 0.03 1.38 0.34 0.94% L:2,562.0 0.12% L:4,730.6 2.72% L:5,817.1 DOLLARS wealth manager, with a dividend yield at 4.7%, US 1.82 U 0.03 2.80 1.43 market value of £1.1bn, is on 300 compared with a sector NIKKEI DAX S&P TSX the front foot when the average of 3.6%. With 23,850.57 13,483.31 17,234.49 $8,084.03 JAPAN 0.01 U 0.02 0.04 -0.29 industry is consolidating to 250 economic uncertainty and U 724.98 193.95 H:24,091.1 264.17 H:13,548.2 168.37 H:17,255.5 12-month high: $13,796.49 boost scale and safeguard 2019 higher costs, it is not a steal, low: $3,191.30 GERMANY -0.24 U 0.05 0.31 -0.74 0.82% L:20,101.9 2.00% L:10,786.8 0.99% L:14,702.3 Price at 4pm Saturday margins. Brewin snapped up Source: Re initiv but not worth ditching. Hold.

TOP 200 COMPANIES

Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Yield P/E Yield P/E Yield P/E Yield P/E on week high low (£m) on week high low (£m) on week high low (£m) on week high low (£m) 42 3i Group 1088.5 –19.5 1189.0 807.6 4.3 - 10591.2 130 3024.0 +84.0 3056.0 2282.0 0.9 100.6 3110.6 86 Johnson Matthey 2939.0 –52.0 3454.0 2770.0 2.9 14.7 5688.0 83 RSA Insurance 568.8 +1.8 597.0 501.6 3.7 22.5 5868.0 153 291.5 –4.0 306.5 229.8 3.7 - 2598.5 108 3902.0 –54.0 4010.0 2884.0 1.7 19.8 4361.4 196 385.9 –22.6 432.0 309.9 4.4 13.3 1766.3 60 Sage 740.0 +1.6 820.4 592.0 2.2 25.8 8074.2 69 Admiral 2299.0 +9.0 2317.0 2014.0 3.9 16.6 6751.9 9 Diageo 3245.0 +55.5 3625.5 2701.0 2.0 24.9 75925.0 78 Just Eat 901.0 +34.0 901.0 587.4 - 155.3 6154.7 98 Sainsbury, J 220.0 –9.2 293.9 177.1 5.0 129.4 4868.1 169 853.8 +6.4 856.6 693.2 3.2 17.5 2186.8 171 Diploma 1930.0 –90.0 2084.0 1260.0 1.3 37.9 2185.5 152 Kaz Minerals 552.2 +9.6 738.4 380.3 1.7 7.0 2608.8 52 3268.0 –69.0 3419.0 2541.0 3.5 19.6 8798.3 140 Alliance 856.0 +4.0 860.0 705.0 1.6 - 2816.8 105 Direct Line Insurance 325.9 +9.6 366.5 270.5 6.4 10.4 4481.1 106 Kingfisher 210.4 –8.6 266.2 185.9 5.1 24.2 4439.7 53 Schroders N/V 2500.0 –35.0 2615.0 1962.0 4.6 15.0 8798.3 20 Anglo American 2165.0 –21.5 2266.0 1666.6 3.6 8.6 29670.5 172 Dunelm 1082.0 –53.0 1173.0 675.0 2.5 21.7 2185.4 66 Land Securities 956.8 –32.6 1001.5 735.4 4.8 - 7094.3 55 Scottish Mortgage 598.5 +12.0 606.2 449.5 0.6 - 8729.8 46 Antofagasta 945.2 +22.4 1022.5 779.6 3.6 19.2 9318.3 81 EasyJet 1499.0 +117.0 1501.0 854.8 3.9 17.1 5951.0 32 Legal & General 306.1 +0.1 317.7 216.7 5.4 9.8 18259.9 45 Segro 870.2 –25.8 900.0 616.4 2.2 10.1 9543.0 122 Ashmore 514.0 –7.0 542.5 367.8 3.2 20.5 3663.5 133 687.8 +15.8 729.8 523.8 2.2 21.0 3069.3 12 60.3 –2.7 67.2 48.6 5.4 20.1 42262.7 183 163.5 +1.2 165.0 110.1 - 36.0 2000.2 41 Ashtead 2452.0 +67.0 2473.0 1805.5 1.4 14.3 11128.0 87 Evraz 391.1 –9.8 709.4 341.4 21.3 4.5 5678.4 22 7652.0 +14.0 7766.0 4323.0 0.8 56.3 26762.3 84 Severn Trent 2459.0 –57.0 2548.0 1842.0 3.8 19.7 5851.2 137 Asos 3418.0 +4.0 4066.0 2107.0 - 116.3 2869.7 26 Experian 2569.0 +19.0 2631.0 1874.5 1.5 39.7 23332.8 162 Man 158.5 –1.1 175.1 130.5 5.8 11.1 2402.6 151 Signature Aviation 321.1 +6.3 327.5 57.0 4.3 32.7 2657.6 28 Associated British Foods 2621.0 +28.0 2672.0 2106.0 1.7 23.6 20749.8 112 F&C 769.0 +3.0 778.0 651.0 1.5 - 4172.8 120 Marks & Spencer 191.3 –22.8 290.0 163.9 7.1 41.6 3730.5 95 Smith (DS) 375.7 –11.4 394.8 307.9 4.3 110.5 5156.1 193 Assura 75.4 –1.9 79.3 53.5 3.6 22.2 1817.6 35 Ferguson 7078.0 +72.0 7146.0 4800.0 2.2 18.9 15984.1 136 394.6 –16.4 415.3 293.4 2.0 23.1 2909.0 33 Smith & Nephew 1866.0 +19.0 1990.0 1405.5 1.5 29.8 16328.8 5 Astra Zeneca 7645.0 –55.0 7808.0 5325.0 3.0 58.7 100313.0 191 Finsbury Growth & Income 887.0 –8.0 966.0 756.0 1.8 - 1843.8 92 682.8 +23.2 682.8 488.0 2.4 36.9 5309.0 67 Smiths 1743.5 +34.5 1748.0 1378.0 2.6 49.7 6907.7 94 Auto Trader 566.2 –18.4 607.6 441.8 1.2 25.4 5223.5 64 Flutter Entertainment 9400.0 –56.0 9456.0 5525.0 2.1 40.1 7363.0 40 Melrose 237.3 –4.7 242.3 156.8 1.9 - 11528.6 138 Smith WH 2478.0 –126.0 2654.0 1850.0 2.2 25.5 2851.2 63 Aveva 4744.0 +50.0 4772.0 2634.0 0.9 133.1 7662.0 156 Frasers 490.8 +18.2 490.8 214.0 - 19.7 2560.3 76 M&G 243.2 –4.8 248.0 202.6 - 4.1 6323.0 70 Smurfit Kappa 2826.0 –90.0 2966.0 2096.0 3.1 - 6722.7 34 Aviva 412.8 –6.6 438.8 352.3 7.3 7.1 16186.2 102 Fresnillo 625.2 –35.8 1027.5 539.6 3.5 30.7 4607.1 123 International 1070.6 –30.4 2160.0 1004.0 8.2 6.4 3569.3 165 1151.0 –33.0 1198.0 662.0 1.2 33.5 2284.4 126 636.0 +23.0 646.6 416.7 4.7 16.1 3215.6 128 G4S 202.7 –10.5 234.3 168.3 4.8 81.1 3145.1 190 Mitchells & Butlers 433.0 –23.5 470.5 238.0 - 16.9 1858.3 144 Sophos 565.0 +1.8 577.0 298.2 0.8 435.3 2784.7 29 BAE Systems 592.8 +12.0 593.0 443.9 3.7 14.3 19002.4 176 6420.0 +255.0 6530.0 2800.0 2.4 32.0 2097.7 58 Mondi 1678.0 –89.0 1898.0 1510.5 4.1 9.7 8147.6 125 2804.0 –133.0 2962.0 2234.0 2.2 68.6 3252.6 71 Spirax-Sarco 8915.0 –105.0 9400.0 6240.0 1.1 29.8 6567.4 194 261.0 –2.4 295.0 194.2 1.8 16.2 1800.9 179 Genus 3114.0 –116.0 3246.0 2158.0 0.9 261.7 2026.6 195 Moneysupermarket 334.4 +0.7 417.7 285.7 3.3 19.1 1794.1 18 Barclays 181.0 –2.3 192.5 136.2 3.9 16.8 31352.9 7 Glaxo Smith Kline 1797.4 +13.0 1818.8 1436.0 4.4 19.7 89683.0 36 SSE 1425.0 –20.0 1467.5 1008.0 6.8 8.5 14733.8 104 Morrison Supermarkets 187.9 –11.2 245.8 176.9 3.5 14.6 4518.7 62 Barratt Developments 756.2 +10.2 774.2 498.5 3.6 10.5 7700.2 17 Glencore 240.2 –1.5 340.3 216.9 6.5 43.7 32005.0 135 SSP 673.0 +16.0 748.1 608.0 1.6 25.6 3010.7 163 457.8 –12.8 476.0 379.0 3.2 16.6 2342.7 139 Beazley 536.0 –23.5 628.0 492.6 2.3 22.8 2839.4 182 Units 842.0 –43.5 937.0 645.5 2.1 13.2 2009.1 27 710.6 –10.2 738.6 575.7 2.3 57.2 22712.3 16 National Grid 935.0 –15.8 965.7 778.0 5.1 21.9 32546.8 99 3842.0 +23.0 3888.0 2698.0 3.8 8.8 4733.1 192 Grainger 300.8 –14.8 315.6 214.8 1.8 15.2 1841.8 79 St James’s Place Capital 1139.0 –28.0 1199.5 913.6 4.2 40.7 6091.4 50 Next 6754.0 –188.0 7340.0 4644.0 2.4 15.0 8998.3 80 Berkeley 4807.0 –74.0 5214.0 3437.0 0.6 12.0 6051.3 166 Greencoat UK 149.2 –3.6 155.0 127.0 5.7 - 2264.2 65 311.8 –18.4 336.9 231.1 7.3 - 7292.1 141 NMC Health 1349.5 –400.5 3000.0 1257.5 1.3 13.3 2816.5 6 BHP 1782.0 –14.4 2049.0 1563.0 4.5 13.6 90111.0 159 2436.0 +66.0 2476.0 1495.0 1.5 32.7 2464.2 121 Tate & Lyle 785.6 +16.0 800.4 663.8 3.7 16.0 3679.6 51 Ocado 1259.5 –6.0 1435.0 861.2 - - 8947.1 185 1170.0 –20.0 1200.0 898.0 2.8 12.1 1955.5 173 853.0 –5.8 871.0 649.4 1.4 37.7 2165.5 73 Taylor Wimpey 197.6 +2.8 201.2 142.9 3.2 9.9 6489.1 189 OneSavings Bank 419.6 –20.6 452.0 313.6 3.5 7.9 1869.1 119 B&M European 373.0 –27.8 420.9 308.9 2.0 28.5 3732.2 90 GVC Holdings 939.0 +34.0 939.0 507.5 3.4 - 5468.1 24 Tesco 249.4 –5.7 258.9 212.6 2.3 18.6 24425.0 97 Pearson 627.8 –15.2 1027.5 615.0 3.0 10.9 4910.0 197 916.0 –25.0 971.0 652.0 2.1 17.5 1753.7 61 Halma 2092.0 –20.0 2164.0 1385.0 0.8 44.0 7942.2 114 1568.5 –31.5 1692.5 1144.0 3.0 53.2 3954.9 109 Pennon 1007.0 –10.0 1042.0 697.8 4.1 18.2 4239.4 4 BP 495.2 +1.2 582.5 462.5 6.7 26.1 100817.8 177 273.3 –35.4 388.4 203.9 9.5 - 2094.3 160 Tritax Big Box Reit 142.0 –6.3 159.7 135.3 4.7 10.3 2423.9 132 Pershing Square 1504.0 –432.0 1587.5 1092.0 1.5 - 3105.2 8 British American Tobacco 3482.0 +130.0 3482.0 2375.0 5.7 13.0 79872.7 54 Hargreaves Lansdown 1844.5 –93.0 2433.0 1633.0 1.8 35.5 8748.8 89 Tui 930.2 –46.2 1213.5 698.0 6.8 14.8 5478.1 56 Persimmon 2706.0 +20.0 2826.0 1836.0 8.7 9.7 8629.5 91 British Land 585.2 –44.6 638.8 468.3 5.3 - 5422.8 158 Hays 169.4 –10.1 183.5 138.0 2.3 15.4 2485.4 184 UDG Healthcare 782.0 –28.0 832.5 551.0 1.6 98.4 1956.5 93 Phoenix 734.0 –17.8 758.7 609.0 6.3 9.7 5295.9 164 880.0 –26.5 1068.0 850.0 3.2 19.7 2338.9 129 HICL Infrastructure 169.2 –1.8 174.0 152.6 5.2 - 3136.4 3 Unilever 4304.5 –52.5 5324.0 3941.0 3.3 13.7 113133.0 30 BT 192.2 –1.5 238.9 158.9 8.0 8.8 18993.6 101 Hikma Pharmaceuticals 1906.5 –79.5 2200.0 1510.5 1.6 16.3 4619.8 85 Polymetal International 1234.0 +24.0 1272.0 772.6 3.0 21.2 5802.1 103 Unite Group 1249.0 –11.0 1261.0 852.0 2.3 13.9 4540.5 68 Bunzl 2040.0 –54.0 2551.0 1943.0 2.5 20.5 6870.6 117 1340.0 –88.0 1777.0 1213.0 2.5 39.0 3867.0 187 Primary Health 157.0 –2.6 160.0 112.0 3.5 - 1909.6 74 United Utilities 947.0 –2.8 967.4 759.0 4.2 17.8 6457.5 49 Burberry 2217.0 –7.0 2345.0 1695.0 1.9 25.6 9024.3 107 1312.0 +27.0 1316.0 874.0 1.6 40.1 4390.4 14 Prudential 1480.0 +30.5 1528.5 1132.3 3.3 14.5 38497.2 174 2474.0 –40.0 2540.0 1845.0 2.4 21.5 2140.5 198 3115.0 –55.0 3195.0 2900.0 1.6 - 1710.8 113 Howden Joinery 662.4 –2.2 685.8 474.0 1.8 20.4 3965.4 180 QinetiQ 356.0 –11.4 367.4 267.0 1.9 16.1 2021.9 155 Virgin Money UK 178.4 –9.4 216.6 139.0 1.7 - 2561.5 170 Capital & Counties Properties 255.9 –6.1 270.5 184.9 0.6 - 2186.1 2 HSBC 584.6 –9.8 680.6 552.3 7.1 11.3 118751.2 131 Quilter 163.4 –2.2 167.6 120.8 2.0 21.5 3107.3 145 Vistry 1269.0 –61.2 1347.5 892.7 4.5 11.6 2763.2 142 167.4 +2.5 183.0 99.9 - 11.7 2794.2 157 IG Group 682.4 –17.4 708.0 474.8 6.8 15.9 2521.1 11 Reckitt Benckiser 6039.0 –152.0 6688.0 5593.0 2.8 18.8 42861.6 13 Vodafone 151.6 +3.7 165.2 123.3 5.2 - 40595.5 23 Carnival 3531.0 –56.0 4430.0 3056.0 4.7 9.7 25010.9 127 IMI 1163.0 –18.5 1206.0 906.0 3.5 18.6 3165.8 150 Redrow 760.0 +1.0 771.0 533.0 4.0 8.3 2676.6 118 Weir 1470.0 –42.5 1814.0 1261.5 3.1 62.0 3816.3 96 85.7 –4.7 140.6 64.6 14.0 - 4989.5 31 Imperial Brands 1960.0 +37.8 2713.5 1668.2 9.9 18.5 18549.6 15 Relx 1932.0 +22.0 2011.0 1606.0 2.2 25.1 37435.0 200 Wetherspoon JD 1605.0 –71.0 1734.0 1178.0 0.8 23.3 1680.1 147 198.9 –21.9 321.0 191.0 7.4 12.7 2728.1 143 Inchcape 698.5 –15.5 720.0 545.5 3.8 54.2 2787.9 167 Renewables Infrastructure 135.6 –2.6 139.2 115.1 5.8 - 2219.2 77 Whitbread 4649.0 –216.0 5152.0 3988.0 2.2 19.5 6215.8 161 Close Brothers 1594.0 –31.0 1663.0 1227.0 4.0 12.0 2411.7 43 Informa 834.2 –24.2 892.0 644.4 2.6 34.8 10442.5 148 Renishaw 3718.0 –184.0 4670.0 3232.0 1.6 29.3 2706.3 181 232.5 –1.5 234.6 196.6 2.2 - 2013.2 116 Cobham 164.4 +0.1 168.3 99.8 - - 3932.0 48 InterContinental Hotels 5020.0 –169.0 5738.0 4257.5 1.8 27.0 9138.1 57 Rentokil Initial 455.2 –2.7 467.8 329.0 1.0 - 8418.2 110 Holdings 4119.0 +223.0 4119.0 2880.0 - 12.6 4227.8 44 Coca Cola HBC 2661.0 +56.0 3074.0 2299.0 1.9 25.9 9666.7 100 Intermediate Capital 1615.0 –11.0 1642.0 971.5 2.8 22.9 4690.5 88 Rightmove 637.8 –0.4 649.6 465.1 1.0 33.9 5596.9 154 Wood 379.3 –13.8 598.6 319.6 7.2 56.1 2598.0 19 Compass 1912.5 +22.5 2138.0 1583.0 2.0 25.9 30371.8 47 Intertek 5750.0 –62.0 5962.0 4643.0 1.7 32.1 9280.1 10 Rio Tinto 4488.0 –16.0 4976.5 3761.5 5.4 7.2 75528.7 178 Workspace 1152.0 –38.0 1198.0 806.0 2.8 15.7 2082.1 186 1694.0 –104.0 1829.0 1008.0 1.8 23.6 1933.6 39 International Airlines Group 664.0 +38.6 667.6 413.5 4.1 7.0 13176.0 124 RIT Capital Partners 2075.0 –40.0 2185.0 1932.0 - - 3254.6 37 WPP 1061.0 –9.5 1077.5 800.4 5.7 19.0 13321.7 111 Convatec 212.2 +10.9 212.2 118.6 2.1 33.8 4209.0 149 International Public Partnerships 167.6 +0.4 171.0 146.8 4.2 15.7 2699.7 38 Rolls-Royce 682.6 +4.8 988.4 665.6 1.7 - 13181.0 175 470.0 +5.8 474.4 277.6 2.7 12.6 2115.0 134 Investec 435.7 –14.6 518.6 395.3 5.6 9.1 3032.8 146 314.8 –20.1 341.2 260.7 1.9 30.3 2746.8 Price/earnings ratios are based on historic data, with yield and p/e values 199 Cranswick 3260.0 –204.0 3464.0 2472.0 1.7 23.0 1698.0 82 ITV 147.2 –2.6 156.5 103.6 5.4 13.3 5925.4 21 Royal Bank of 235.3 –3.0 270.4 177.6 2.3 14.2 28457.0 calculated from the most recent reported dividends and earnings per share, 25 CRH 2986.0 –66.0 3100.0 2169.0 2.2 17.2 23574.4 115 IWG 444.7 +5.8 445.9 220.2 1.4 37.4 3932.5 1 Royal Dutch Shell A 2263.5 –35.0 2612.0 2144.5 6.7 11.1 178717.1 using trailing 12-month figures. 52-week highs and lows are end of day. 72 Croda 5060.0 –25.0 5375.0 4564.0 1.8 27.6 6521.8 59 JD Sports 832.0 +20.8 844.2 396.2 0.2 31.4 8097.3 Royal Dutch Shell B 2270.0 –36.5 2622.0 2126.5 6.7 11.1 Data provided by Morningstar. Any inquiries please contact: 75 DCC 6506.0 +10.0 7496.0 6225.0 2.1 26.9 6401.7 188 John Laing 385.0 +2.6 402.0 339.0 1.4 12.3 1893.3 168 Royal Mail 220.8 –5.5 304.3 188.4 11.3 6.8 2208.0 [email protected]