12 The Sunday Times November 19, 2017 BUSINESS

Andrew Lynch LETTERS

produced a bestseller: unacknowledged by the Send your letters, including combined annual turnover of they have the right Gove riles boardroom barons Emotional Agility: Get British establishment. SIGNALS full name and address, £1.8 trillion, according to the technology to meet their Unstuck, Embrace Change “But I’m Irish,” said Handy AND NOISE . . . to: The Sunday Times, Federation of Small expanding needs and Company chairmen are busy David Tyler of Sainsbury’s; and Thrive in Work and Life. when I buttonholed him at 1 Bridge Street, Businesses. Yet funding for challenges, they will continue people. Now, thanks to Baroness (Shriti) Vadera of Another professor has just Thinkers50. No, being Irish London SE1 9GF. Or email SMEs is under threat because to face growing pains, miss Michael Gove, they are also a Santander UK; Gerard published Extreme Teaming: need not be an obstacle — if [email protected] economic uncertainty is out on market opportunities bit miffed. The environment Kleisterlee of Vodafone; Lessons in Complex Cross- you were born before 1949. Letters may be edited making banks more risk- and struggle to reach their secretary has stood up a Tony Hayward of Glencore; sector Leadership, while the “Well, I’d divorce him,” averse and European Union potential. breakfast meeting for 14 and former MI5 boss latest book by the consultant thundered his wife Liz. Growing businesses need investment is likely to be David Turner, senior director, top chairmen and a chief Baroness Manningham- opposite her is Multipliers: Perhaps an Order of Merit the right ingredients withdrawn after Brexit. EMEA marketing, Oracle executive, hosted by the Buller of the Wellcome Trust. How the Best Leaders Make then for our everyman It was concerning to read that In this fragile and unsettled NetSuite, Maidenhead headhunter Korn Ferry. “It’s clear he was nervous Everyone Smarter. Phew! philosopher? entrepreneurs feel there isn’t environment, measures Brexiteer Gove’s excuse about taking pointed enough support available inspired by the Patient Hold tight, please, faster is a clash with “a critical questions from people who when they want to scale up as Capital Review that are delivery is our next stop meeting”. “None of us know what they are talking Handy’s mightier Show me the it’s not a problem I have faced rumoured to be in this week’s Our recent research found believes his excuse for one about,” said my man in the Work life balanced: As fast (“Start-ups beg for help with budget, such as a clampdown that 59% of consumers moment — it’s completely oak-panelled boardroom. without a sword money, dragons! broadband frees us from the growing pains”, last week). on venture capital trusts and agreed that retailers should shabby behaviour,” said one Perhaps anti-expert Gove, Prufrock’s campaign to The newest dragon to enter five-day week, the commuter As co-founder of a heating the Enterprise Investment offer faster fulfilment of of the invited guests. They 50, has an eye on a reshuffle. secure a knighthood for our the BBC2 show’s den may belt is getting looser. and plumbing merchant in Scheme, look ill-timed. orders, with 32% saying include Sir Peter Gershon, Best not to be tied up when only living management guru need to play her cards closer Cherry Maslen looks at northeast England, I have Bill Nixon, managing partner, “ultra-express” delivery — in chairman of National Grid; you’re on manoeuvres! has run into the sand. to her chest. At an event how far from London been inundated with support Maven Capital Partners, less than two hours — should Charles Handy, 85, author hosted by networkers part-time workers can live: from organisations as well as London EC3 also be available. of classics such as Gods of E2Exchange last week, Jenny anyone for Cumbria? mentors, all of whom have Retailers, however, need to JUST SAYING . . . Tom Peters, the Management and Campbell — who made her contributed to our successful The government’s efforts to be confident they can deliver people person Understanding fortune revamping and expansion. stimulate Britain’s start-up on these promises, which is The GKN board Organisations, has long gone selling a cash machine HOME, PAGES 12-13 This year I enrolled in the scene have created the where Go-Ahead’s plan to Management guru Tom business for RBS — let slip a Goldman Sachs 10,000 Small conditions for people to turn convert some of its has concluded Peters received the lifetime secret. The piles of cash on Businesses programme, great ideas into businesses. depots into delivery hubs achievement award last week FUNNY BUSINESS the show are, wait for it, not TWITTER POLL which has allowed me to However, as your article could come into its own that the next at the Thinkers50 summit in real! Only the top two notes access services and speak to noted, the support dries up (“Parcels to be delivered on stage of . . . London in high-octane style. are genuine, said Campbell, Yes No like-minded entrepreneurs. when the start-ups reach a the ”, last week). “Why on God’s green 56. The secret’s out! Also, the northeast’s certain level of maturity and Indeed, retailers should development is earth does a 75-year-old have Entrepreneurs’ Forum, of have to incur greater risk and consider opting for delivery best delivered to travel around the world 62% 38% which I am a member, offers navigate a more complex partners outside traditional and say people are important Flanders an intense Scale-up Leaders’ landscape on their own. methods. Choosing a partner under alternative — and then get paid a lot of Academy. Growing a business geared to perform at speed in money?” fumed the co- on song Support is available; it is up successfully comes down to a specific geographic area will leadership author of the bestselling In In her Triodos Bank lecture to individuals to hunt out the making the right decisions at make the process quicker, Search of Excellence. to kick off the Festival right programme for them. the right time. Too many while carriers that specialise At Thinkers50, everyone of Economics last week John Savage, managing start-ups are trying to manage in delivering specific types of seems to have two brains and Stephanie Flanders gave a director, Flame Heating increasingly complex items, generally depending have written at least three definition I had not heard Should Philip Hammond Group, Gateshead businesses with on their size and weight, are books. The professor sitting before. “Economists are scrap his deficit reduction unsophisticated tools, such as more likely to be able to meet to my left is about to publish people who are good with target and increase It is difficult to overstate the spreadsheets. These firms deadlines and operate more GKN, led by chairman Mike Leading, Managing, Working numbers but didn’t have the spending in this importance of growth need to realise that advice cost-effectively. Turner, on ousting its with Millennials, while the personality to become week’s budget? companies to Britain’s and guidance from David Grimes, founder and incoming chief executive psychologist across the table accountants.” @ST_Business economy. They employ close government will take them chief executive, Sorted Group, to 16m people and have part of the way, but unless Manchester DATABANK INSIDE THE CITY JOHN COLLINGRIDGE THE WEEK IN THE MARKETS THE ECONOMY

FTSE 100 FTSE 100 DOLLAR Consumer prices index current rate prev. month owner’s strategy has been smaller sites such as Sea Life, USD > GBP 3.0% 3.0% Merlin tested. Its shares fell 16% in where customers typically 7,600 one day last month when it spend only a few hours and CPI including housing current rate prev. month said it would miss City profit sales are falling. 7,400 $1.32 2.8% 2.8% needs to targets after a lacklustre Nick Varney, long-serving W 0.00 summer — which it blamed on chief executive, has different 7,200 Retail prices index current rate prev. month 12-month high: $1.37 cast a the weather terrorism. ideas. “When you are 7,380.68 7,000 low: $1.20 4.0% 3.9% While tourists are being experiencing storms, the 52.31 H:7,599.0 EURO Average weekly earnings on prev. month on last year lured to Britain by the cheap sensible thing is to navigate 0.70% L:6,678.7 6,800 EUR > GBP new spell £509 U0.4% U2.2% pound, Merlin says they are around them,” was his 6,600 reluctant to visit its city helpful advice last month. FTSE 250 Unemployment current rate prev. month D J F M A M J J A S O You can’t accuse Merlin centre attractions because of That’s easier said than €1.12 1.42m 4.3% 4.3% Entertainments of lacking the terrorism threat. The done. The Brexit iceberg is Source: Thomson Reuters V 0.01 Manufacturing output on the year on last month creativity. For the shares remain depressed and eroding consumer RISERS FALLERS 12-month high: €1.20 : 21.5p, 52% on profit warning low: €1.07 romantically inclined, there’s closed last week at 377p, just confidence fast, and will Fenner: 373p, U 11.3% on profit jump V U2.7% U0.7% : 42.8p, U 11% on brand HSS Hire: 23.5p, V 25.4% on weak the £250 Sea Life London 20% above float price, valuing dampen families’ enthusiasm comeback GoCompare: 103p, U 10.8% performance Dignity: £18.48, V 24.8% YEN Retail sales on the year on last month Aquarium wedding proposal Merlin at £3.8bn. At that price for a £140 trip to Legoland. 19,797.83 on takeover bid Communisis: 61p, on competition fears : YEN > USD £11.79, 22.8% on defence budget package, complete with a it is a prime candidate for Meanwhile, Merlin is in 223.02 H:20,491.4 U 10.4% on sentiment Motorpoint: V V0.3% U 0.3% 175.5p, U 10% on bullish forecast pressure TalkTalk: 168.5p, V 14.8% on personalised sign and a relegation from the FTSE 100 the middle of an intense 1.11% L:17,347.5 restructuring costs UK trade latest month prev. month latest 12 mths “small bottle of champagne”. when the top tier is reshuffled period of capital spending — ¥112.07 balance (£bn) -2.8 -3.5 -36.5 Or for families feeling in a few weeks. up to £390m this year — and DOW JONES HANG SENG FTSE EUROFIRST V 1.46 Gross domestic latest quarter prev. quarter annual change festive, there’s a trip to Analysts at Numis reckon is sitting on a debt pile that 12-month high: ¥118.66 product Legoland in Windsor, the best way to unlock value totalled £1.2bn in June. 23,358.24 29,199.04 1,509.10 low: ¥107.31 U0.4% U0.3% U1.5% complete with a visit to for investors would be to Varney’s new tactic is to shift 63.97 H:23,602.1 78.12 H:29,341.9 19.56 H:1,564.8 Budget deficit latest month prev. month year to date 0.27% L:18,845.3 0.27% L:21,488.8 1.28% L:1,326.9 OIL Santa’s grotto and a gift. break up Merlin, splitting spending away from existing DOLLARS/BARREL (PSNB) in £bn 5.9 4.7 32.5 That’ll be £35 each, please theme parks from its sites towards more lucrative NASDAQ SHANGHAI SENSEX (yes, it’s the same price for “midway attractions” — hotel rooms and new theme 6,782.79 3,382.91 33,342.80 your two-year-old or granny). parks that increasingly 31.85 H:6,806.7 49.77 H:3,450.5 28.24 H:33,866.0 $62.72 Since being floated on the revolve around brands such Merlin Entertainments 0.47% L:5,238.2 1.45% L:3,016.5 0.08% L:25,717.9 V 0.80 10-YEAR BOND YIELDS % stock market in 2013 by as Peppa Pig. 12-month high: $64.65 private equity houses 600p Its drift away from the UK S&P 500 CAC 40 ALL ORDS low: $44.35 variation 12 months Blackstone and CVC and — still 34% of its business — 2,578.85 5,319.17 6,038.26 GOLD high low 3.45 H:2,597.0 66.01 H:6,124.7 Lego’s founding family, 500 towards Asia and America 61.55 H:5,536.4 DOLLARS/TROY OZ UK 1.30 V 0.05 1.56 0.92 Merlin has marched into the continues apace. But starving 0.13% L:2,176.6 1.14% L:4,479.7 1.08% L:5,358.6 FTSE 100 thanks to its 400 its existing estate of cash will NIKKEI DAX S&P TSX US 2.34 V 0.06 2.64 2.02 growing line-up of attractions hardly persuade squeezed 22,396.80 12,993.73 15,998.57 $1,287.70 and punchy prices. 300 punters to part with theirs. JAPAN 0.04 W 0.00 0.16 -0.01 284.62 H:23,382.2 133.74 H:13,525.6 40.69 H:16,131.8 U 11.37 Lately, though, the Alton J F M A M J J A S O N Avoid. 12-month high: $1,347.38 1.26% L:17,967.4 1.02% L:10,402.6 0.25% L:14,797.0 GERMANY 0.36 V 0.05 0.59 0.16 Towers-to-Madame Tussauds Source: Thomson Reuters @jcollingridgeST low: $1,126.52

TOP 200 COMPANIES

Market cap ranking Price Change 52-week Mkt Cap Market cap ranking Price Change 52-week Mkt Cap Market cap ranking Price Change 52-week Mkt Cap Market cap ranking Price Change 52-week Mkt Cap Yield P/E Yield P/E Yield P/E Yield P/E V on week high low (£m) V on week high low (£m) V on week high low (£m) V on week high low (£m) 50 3i Group 923.5 –22.0 969.5 644.0 2.9 - 8972.2 97 Direct Line Insurance 355.6 –0.1 411.3 333.8 4.1 15.3 4889.5 34 Legal & General 268.9 +3.8 276.0 229.9 5.3 10.4 16014.0 93 Sainsbury, J 227.6 –4.6 281.7 227.1 4.5 23.7 4983.7 184 200.0 –0.3 208.5 183.0 3.9 - 2053.3 195 152.8 +0.8 366.7 149.1 - 7.2 1762.2 14 Lloyds Banking Group 66.0 –0.5 73.1 57.5 4.1 15.4 47354.4 49 Schroders 3497.0 +45.0 3526.0 2765.0 2.5 20.0 9321.0 89 Admiral 1879.0 +22.0 2178.0 1732.0 2.8 23.5 5351.1 92 EasyJet 1281.0 +6.0 1431.0 914.5 4.2 20.5 5088.2 38 3846.0 +126.0 3983.0 2621.0 1.1 45.3 13337.3 70 Scottish Mortgage 456.5 +4.3 457.2 304.2 0.7 - 6397.5 166 945.5 –5.0 1064.0 789.0 2.9 19.4 2421.7 140 652.0 –39.0 709.0 438.7 1.9 27.2 2878.9 128 Man 193.4 +2.8 194.7 112.7 3.6 - 3203.7 84 Segro 558.0 +11.5 559.5 407.9 2.9 8.0 5571.1 159 Alliance 735.5 nc 747.0 575.0 1.8 - 2567.4 109 Evraz 279.1 –8.9 335.2 173.2 - - 3996.9 95 Marks & Spencer 301.4 –17.8 395.5 301.4 6.2 26.4 4896.9 94 Severn Trent 2092.0 –77.0 2553.0 2072.0 3.9 15.0 4938.3 29 Anglo American 1434.0 –51.0 1508.0 959.4 - 14.4 20142.1 36 Experian 1558.0 –76.0 1705.0 1430.0 2.1 22.7 14558.2 105 555.5 –48.0 887.0 555.5 1.5 17.9 4094.1 144 Shaftesbury 993.0 +7.0 1016.0 872.5 1.5 22.9 2770.5 48 Antofagasta 951.0 –16.5 1061.0 661.5 1.5 37.8 9375.6 39 Ferguson 5265.0 –30.0 5385.0 4460.0 2.0 15.0 13324.6 118 478.6 –13.0 526.0 410.6 3.2 12.8 3712.7 17 Shire 3678.5 +144.0 5036.0 3499.0 0.6 26.7 33391.2 161 Ashmore 359.1 –6.1 388.4 274.1 4.6 15.1 2540.2 122 Foreign & Colonial 631.5 +3.0 640.0 513.0 1.6 - 3421.0 104 Melrose 213.4 +0.3 261.2 172.2 1.0 - 4142.5 32 Sky 940.0 +22.0 1007.0 750.5 2.2 23.5 16158.8 46 Ashtead 1911.0 +3.0 1977.0 1407.0 1.2 19.1 9540.2 45 Fresnillo 1296.0 –2.0 1725.0 1091.0 1.8 21.8 9550.1 197 Mercantile Investment Trust 2097.0 –13.0 2143.0 1645.0 2.2 - 1734.4 83 Smith (DS) 527.5 +13.5 528.0 386.7 2.5 24.0 5629.5 25 Associated British Foods 3086.0 +20.0 3371.0 2361.0 1.2 20.4 24431.1 110 G4S 257.4 –1.2 341.1 224.1 3.7 14.0 3993.8 115 Merlin Entertainments 377.0 –6.0 537.0 368.1 1.8 18.2 3829.6 43 Smith & Nephew 1327.0 –12.0 1431.0 1089.0 1.8 17.6 11610.8 8 Astra Zeneca 4975.0 +105.0 5508.0 4007.0 4.1 23.9 62970.9 90 GKN 302.5 –17.5 376.5 296.0 2.9 21.6 5195.2 149 Metro Bank 3428.0 –216.0 3834.0 2925.0 - 591.0 2755.9 80 Smiths 1495.0 –23.0 1684.0 1370.0 2.8 10.5 5912.3 131 Auto Trader 320.3 –12.1 435.9 319.0 1.6 19.2 3115.7 7 Glaxo Smith Kline 1308.0 –10.0 1722.0 1307.5 6.1 27.6 64325.6 42 International 2697.0 +78.0 2702.0 2020.0 2.4 48.6 11734.1 171 Smith WH 2022.0 –10.0 2099.0 1447.0 2.2 19.5 2244.8 28 Aviva 500.5 +4.8 544.0 443.4 4.3 33.2 20245.5 11 Glencore 353.5 –9.1 385.2 261.9 0.8 30.6 50878.2 188 Millennium & Copthorne Hotels 595.0 –14.0 625.5 410.2 1.3 17.4 1932.2 87 Smurfit Kappa 2299.0 +34.0 2419.0 1756.0 3.1 15.6 5444.5 114 759.0 –53.5 991.0 741.0 3.5 12.3 3837.5 196 Units 732.0 –33.5 841.0 516.5 1.9 16.9 1734.6 69 Mondi 1743.0 –64.0 2130.0 1550.0 2.9 15.4 6401.0 151 Sophos 594.5 +9.5 625.0 240.4 0.6 - 2739.9 30 BAE Systems 535.5 –20.5 677.0 535.5 4.0 16.1 17050.2 183 630.5 +22.0 739.0 587.5 1.5 - 2060.0 194 Moneysupermarket 330.9 +2.4 361.3 265.0 3.0 23.8 1792.9 137 2499.0 –24.0 2834.0 1999.0 2.1 268.7 2979.2 191 Balfour Beatty 264.8 –11.7 298.4 253.5 0.3 - 1826.4 145 GVC Holdings 919.5 +29.0 947.0 594.0 - - 2764.6 96 Morrison Supermarkets 209.4 –6.7 252.9 207.0 2.6 13.9 4890.9 103 Spirax-Sarco 5730.0 +40.0 5835.0 4125.0 1.3 32.4 4213.9 19 Barclays 185.0 +5.8 239.2 178.9 1.6 15.6 31515.2 98 Halma 1285.0 +37.0 1285.0 886.5 1.0 37.5 4872.5 192 356.2 –15.3 380.0 334.7 3.5 15.5 1822.8 179 Sports Direct International 384.5 +3.4 419.5 268.3 - 10.0 2123.9 73 627.0 +7.0 700.0 452.4 2.9 11.1 6313.8 102 533.5 +9.5 609.5 514.0 4.2 13.3 4231.8 20 National Grid 882.8 –12.0 1157.5 882.8 5.2 17.8 30273.4 37 SSE 1346.0 –14.0 1563.0 1339.0 6.8 10.0 13573.1 138 SSP 607.5 +10.5 611.0 335.3 0.9 38.2 2886.9 125 BBA Aviation 324.5 +4.9 328.2 259.8 3.0 22.3 3348.1 60 Hargreaves Lansdown 1577.0 –6.0 1592.0 1174.0 1.5 38.1 7480.0 169 Nex Group 597.0 –4.0 848.8 464.5 6.4 23.3 2267.0 185 Hastings 303.6 –10.7 325.0 211.9 3.3 21.4 1995.3 26 Standard Chartered 726.1 –7.9 846.7 625.2 - 1571.7 23896.0 158 Beazley 504.5 –3.5 525.0 372.8 2.0 13.8 2652.2 72 Next 4304.0 –75.0 5320.0 3617.0 3.7 10.1 6329.3 155 Hays 184.6 +2.6 194.4 137.0 1.6 19.4 2663.7 76 St James's Place Capital 1155.0 +9.0 1238.0 932.5 2.6 54.2 6105.2 101 3526.0 +76.0 3792.0 2388.0 3.2 9.6 4329.8 85 NMC Health 2700.0 –218.0 3199.0 1331.0 0.4 43.9 5515.7 150 HICL Infrastructure 153.3 –3.5 174.6 153.3 5.1 - 2745.1 40 Standard Life Aberdeen 422.5 +6.9 446.3 405.0 4.7 19.3 12579.4 91 Berkeley 3754.0 +141.0 3978.0 2420.0 4.9 8.3 5134.0 47 Old Mutual 190.7 +0.4 229.1 184.9 3.2 12.1 9401.5 163 Hikma Pharmaceuticals 1041.0 +49.0 2297.0 949.5 2.1 19.5 2504.1 130 Tate & Lyle 681.5 –24.5 795.0 625.5 4.1 12.6 3166.8 22 BHP Billiton 1363.5 –60.5 1486.0 1117.0 3.1 16.0 28797.1 141 Paysafe 586.0 nc 595.0 305.7 - 25.4 2841.7 106 1423.0 –27.0 1470.0 982.0 1.9 17.4 4066.1 67 196.6 +3.7 207.4 146.4 0.9 11.0 6432.6 112 B&M European 390.4 –3.0 412.4 241.2 1.5 25.5 3904.0 82 Pearson 697.5 +4.5 827.5 566.5 7.5 - 5737.5 162 816.5 –14.0 867.0 523.0 1.6 34.6 2536.9 174 Templeton Emerging Markets 800.0 +20.0 800.0 560.0 1.0 - 2216.3 200 873.0 –24.0 962.5 573.0 1.8 21.5 1671.4 127 Pennon 781.0 –31.5 944.0 768.0 4.4 19.7 3252.5 143 Howden Joinery 447.6 –15.8 475.7 360.0 2.3 15.2 2817.2 35 Tesco 184.7 +8.1 218.7 166.5 - 33.0 15122.7 117 Booker 208.8 +9.5 212.3 168.0 2.2 24.3 3722.1 165 Pershing Square 1015.0 –6.0 1250.0 959.0 - - 2437.3 1 HSBC 731.6 –9.7 769.5 620.8 5.2 35.1 146686.8 199 Thomas Cook 111.3 –5.9 126.9 71.9 0.4 159.0 1709.4 3 BP 493.1 –13.8 524.7 439.8 6.0 33.7 97039.9 54 Persimmon 2676.0 +3.0 2890.0 1667.0 5.0 12.0 8258.8 164 IG Group 670.0 –6.0 841.0 450.7 4.7 14.5 2458.8 154 TP Icap 485.4 –1.3 544.5 413.5 3.5 30.7 2689.8 4 British American Tobacco 4983.5 +73.5 5643.0 4309.5 3.1 20.0 92914.9 136 Phoenix Group Holdings 763.5 +0.5 798.5 697.5 6.1 - 2999.5 123 IMI 1242.0 –18.0 1319.0 934.5 3.1 25.9 3377.9 119 1464.0 –84.0 1696.0 1342.0 3.1 488.0 3675.7 68 British Land 624.0 +31.0 674.0 579.0 4.7 42.5 6426.0 156 838.5 +14.5 1016.0 767.0 3.4 13.5 2660.9 21 Imperial Brands 3049.0 –132.5 3933.5 3038.0 5.1 28.7 29231.1 58 Tui 1323.0 +5.0 1365.0 1034.0 4.2 16.4 7766.5 186 755.5 –13.5 779.0 523.5 3.2 17.7 1991.9 116 Polymetal International 875.0 –14.0 1095.0 731.5 2.0 11.6 3763.5 133 Inchcape 725.5 –8.0 880.5 590.5 3.3 15.1 3025.8 167 172.9 –23.9 333.6 145.6 - - 2391.3 24 BT 245.4 –2.3 396.9 243.8 5.9 15.2 24443.2 61 Paddy Power Betfair 8780.0 +220.0 8900.0 6665.0 1.5 - 7395.0 153 376.8 –1.8 419.5 267.6 2.6 20.1 2716.7 139 UBM 731.0 +7.0 764.5 645.0 3.0 32.6 2879.5 147 BTG 715.0 +12.0 779.0 534.5 - 37.6 2758.1 78 Informa 733.0 +2.0 740.5 629.5 2.6 29.3 6040.0 12 Prudential 1889.5 +44.0 1889.5 1512.5 2.3 17.7 48859.2 181 UDG Healthcare 847.0 –65.0 959.0 614.5 1.2 35.5 2103.3 63 Bunzl 2159.0 +2.0 2465.0 1989.0 2.0 25.2 7251.1 170 Inmarsat 494.6 –30.4 850.5 494.6 8.6 14.1 2255.6 65 Randgold Resources 7075.0 +170.0 8190.0 5470.0 1.1 32.1 6650.1 10 Unilever 4150.0 –74.0 4548.5 3092.0 2.8 23.3 53124.9 59 Burberry 1749.0 +3.0 1985.0 1401.0 2.2 25.0 7667.3 57 Intercontinental Hotels 4266.0 –14.0 4468.0 3360.0 1.8 24.6 8105.0 15 Reckitt Benckiser 6393.0 –151.0 8108.0 6355.0 2.4 21.4 44939.2 88 United Utilities 798.0 –35.0 1056.0 798.0 4.8 12.6 5441.5 173 Capital & Counties Properties 262.5 +8.4 324.8 253.1 0.6 90.5 2225.4 152 Intermediate Capital 974.5 +27.0 1006.0 669.0 2.6 13.1 2733.9 175 Redrow 595.0 +0.5 664.0 408.6 1.7 9.4 2200.3 177 Vedanta Resources 772.0 –68.0 1102.0 575.0 5.3 - 2139.2 129 476.9 –29.1 705.5 452.4 6.7 611.4 3182.3 53 Intertek 5315.0 –50.0 5425.0 3174.0 1.2 31.4 8577.9 16 Relx 1745.0 +25.0 1748.0 1333.0 1.9 31.3 36048.2 176 2497.0 +39.0 2524.0 1694.0 1.9 25.6 2142.6 44 Carnival 4937.0 +73.0 5380.0 3907.0 2.3 17.3 10535.0 41 International Airlines Group 598.0 +1.0 670.0 414.0 3.4 7.2 12545.1 107 Renishaw 5530.0 +320.0 5530.0 2416.0 0.9 39.1 4025.2 9 Vodafone 228.7 +11.1 231.5 190.5 5.8 - 60888.9 51 163.2 –4.0 235.8 163.2 7.3 16.3 8964.3 178 International Public Partnerships 158.3 –2.0 166.6 151.8 4.1 9.2 2136.7 79 Rentokil Initial 322.8 +2.2 335.8 206.0 1.0 8.7 5930.9 100 Weir 1984.0 –2.0 2115.0 1727.0 2.2 66.6 4330.1 198 640.0 –2.0 740.0 540.0 2.8 21.0 1733.3 148 Intu Properties 203.4 –1.6 294.0 202.5 6.7 18.2 2756.1 120 Rightmove 3968.0 +18.0 4346.0 3661.0 1.2 29.1 3670.5 66 Whitbread 3565.0 –5.0 4307.0 3408.0 2.7 13.9 6538.0 180 Close Brothers 1395.0 +55.0 1715.0 1316.0 4.2 10.9 2116.3 126 496.5 –8.0 627.5 496.5 4.3 10.2 3309.8 13 Rio Tinto 3546.0 –149.0 3773.5 2910.0 3.7 13.4 48854.5 168 William Hill 276.0 +6.2 311.5 240.0 4.5 14.7 2367.5 132 Cobham 127.7 –1.6 174.6 110.7 1.4 - 3053.3 77 ITV 150.5 –6.3 219.6 150.0 4.3 13.6 6058.2 134 RIT Capital Partners 1944.0 –12.0 1979.0 1768.0 - - 3018.5 189 1054.0 –5.0 1075.0 845.5 1.8 - 1890.1 52 Coca Cola HBC 2450.0 –135.0 2671.0 1615.0 1.4 30.2 8926.3 193 IWG 198.5 –7.5 365.2 192.3 2.6 13.8 1815.0 31 Rolls-Royce 889.0 –39.0 981.0 639.5 0.5 - 16358.8 190 3189.0 +52.0 3358.0 1560.0 - 16.3 1833.0 23 Compass 1598.0 –37.0 1757.6 1370.7 2.1 22.8 26280.5 142 Jardine Lloyd Thompson 1289.0 –13.0 1318.0 950.5 2.5 23.9 2823.4 172 257.6 –2.9 272.3 200.4 2.0 29.6 2241.5 99 Wood 682.5 –33.5 894.5 560.0 3.8 - 4625.2 108 Convatec 205.4 +15.0 344.0 182.0 - - 4008.3 124 JD Sports 347.0 –1.3 456.0 303.3 0.4 18.9 3377.1 18 Royal Bank of Scotland 274.4 –0.9 285.8 193.4 - - 32587.9 56 Worldpay 407.4 +3.4 430.4 256.6 0.5 48.5 8148.0 27 CRH 2700.0 –1.0 2920.0 2575.0 2.1 19.4 22579.7 74 Johnson Matthey 3261.0 –104.0 3503.0 2727.0 2.2 16.2 6311.1 2 Royal Dutch Shell A 2337.5 –80.5 2459.5 1949.0 6.2 31.0 104642.8 33 WPP 1267.0 –37.0 1921.0 1253.0 4.5 9.3 16147.5 81 Croda 4270.0 +88.0 4270.0 3084.0 1.7 29.1 5769.8 157 579.5 –10.0 604.0 393.4 2.5 18.7 2652.4 5 Royal Dutch Shell B 2373.0 –84.5 2490.0 2031.5 6.1 31.5 88880.4 146 CYBG 312.7 –4.2 319.1 260.0 - - 2760.6 86 Just Eat 802.5 –8.5 824.0 496.0 - 76.4 5451.4 111 Royal Mail 395.0 +16.7 473.0 369.9 5.7 14.5 3950.0 Price/earnings ratios are based on historic data, with yield and p/e values 71 DCC 7120.0 –185.0 7540.0 5860.0 1.6 31.4 6342.0 121 Kaz Minerals 779.0 –33.5 875.5 343.9 - 15.6 3479.9 113 RPC 931.0 +9.5 1079.0 720.5 1.9 25.3 3863.0 calculated from the most recent reported dividends and earnings per share, 187 2125.0 –30.0 2190.0 1235.0 0.9 143.5 1980.0 64 Kingfisher 307.3 –2.5 369.7 288.0 3.4 11.7 6756.1 75 RSA Insurance 609.0 –1.0 666.5 521.0 2.6 54.4 6227.6 using trailing 12-month figures. 52-week highs and lows are end of day. 135 2700.0 +31.0 3007.0 2359.0 1.9 28.2 3009.2 160 Ladbrokes Coral 133.7 –3.2 137.6 111.3 2.2 - 2559.9 182 Saga 185.4 –1.2 215.3 182.7 4.6 13.6 2072.8 nc = no change Data provided by Morningstar.Any enquiries please contact: 6 Diageo 2575.0 +15.5 2608.0 1956.5 2.3 23.9 64824.2 62 Land Securities 932.5 –5.0 1000.0 62.6 4.5 40.5 7373.8 55 Sage 759.0 +10.0 764.0 599.0 1.9 33.5 8203.9 [email protected]