10 The Sunday Times December 23, 2018 BUSINESS

Liam Kelly LETTERS

came to pass thanks to the bonuses you would never Send your letters, including account for 20% of our combined-cycle gas and Look away now, Mrs Hammond likes of Netflix and Amazon, have got at your old place. SIGNALS full name and address, energy use. It is more like 19% steam turbines? and “riskier than ever” Take Compass’s new AND NOISE . . . to: The Sunday Times, of electricity use, or about 6% A sensible energy policy With the government mildly ‘gifts for women’ problem,” start-up investing was about finance chief, Karen Witts, 1 London Bridge Street, of our energy use. What is would allow the market to preoccupied with one or two muses my mole. right (Blippar, anyone?). 55, who will be handed London SE1 9GF. Or email more, nuclear electricity support horses for courses. matters, ministers could be Hammond, 63, eventually Early commiserations, shares worth a total of £1.6m [email protected] does not step in when solar When we generate electrical forgiven for leaving their emerged with a beige though, to followers of to compensate for any Letters may be edited and wind are running at energy, it can be a wasteful Christmas shopping late. cashmere jumper — a European shares, India’s money from incentive plans reduced levels, except and expensive process. So So it was no surprise that suitably safe number for the economy and veganism — all she may have been entitled Legislation exists to hit possibly to a minor extent. why, for example, use Philip Hammond was man known as Spreadsheet of which have been tipped to at B&Q owner Kingfisher. late-payers in the pocket Coal and gas power performs electricity to heat country spotted present buying in the Phil. Sadly, whatever goodies for a great 2019. Get your With the Kingfisher share We read with interest what that function. homes when they could be Peter Jones department store he bought from Chanel short positions ready now. price down nearly 40% this Baroness Wheatcroft said: For years, the government heated perfectly well by in London’s Sloane Square remained hidden from view. year and no long-term “Unless big companies are has been designing energy wood, which is in worldwide on Friday evening. Apologies to Mrs incentive payouts last year, legally bound to pay bills policy on the assumption that glut supply because of the Flanked by what one Hammond for spoiling the Compass points jumping ship looks canny. within 30 days, they won’t.” electricity is the important reduction in paper usage? Yet onlooker described as some surprise. Hopefully it will (“Late-payers don’t need a part, but that risks that seems to be the “very unsubtle secret service keep her warm in the case of north for Witts nudge, they need a smack encouraging excessive government’s intention in its people”, the chancellor was a bleak no-deal Brexit. Moving jobs is a great way to Claridge’s fights from the law”, last week). demand for this source of intervention in the market. seen carrying a Chanel bag bag extra cash for Christmas We were all led up the The irony is that legislation energy through the increased It may not be too long and loitering in the Whistles — especially when your new by candlelight garden bridge path: Will is in place. It exists in the form use of electric power in before electricity starts to concession. “Clearly having a Not predicted by employer decides to pay The fighting over scented Hurst unravels the mess of the Late Payment of transport and the ill-judged look very expensive and the candles has started early — behind the Thames crossing Commercial Debts (Interest) and expensive attempt to lights could go out. People The Economist . . . and at Claridge’s hotel in proposal that ended up Act 1998, with subsequent transfer heating to electricity. should understand why there JUST SAYING . . . Emmanuel Macron should FUNNY BUSINESS Mayfair, no less. The Qatari- costing taxpayers £46m amendments, which imposes It is vital to understand the is that danger. have known this year would owned property has filed a statutory compensation and difference between energy Peter Prior, chairman, be tough when he was hailed lawsuit at the High Court NEWS REVIEW, PAGE 25 interest on all commercial and electricity, but Summerleaze, In a number of as “France’s man with a against Gillingham-based invoices paid later than 30 policymakers have failed to Maidenhead, Berkshire plan” in The World in 2018, Claridge Candles and its days. This is available to any do this and are creating a important areas The Economist magazine’s director, Denise Shepherd. TWITTER POLL UK business that wishes to dangerous situation for the Screwfix hits the nail on . . . the FRC’s annual collection of Claridge’s says it owns the take advantage of it, people of this country. the head for me forecasts. Les gilets jaunes trademark to sell candles Yes No particularly when there could The question is where that Screwfix is not just doing well powers are disagreed with this view of branded with its name; that be multiple invoices settled electricity will come from, on sales (“Can she B&Q it? the former Rothschild Shepherd copied its logo late by the same customer and especially on cold, still nights Boss running out of time to limited or even banker’s plans, and Paris has when making her own; and 31% 69% going back as far as six years. in the winter when there is no fix Kingfisher”, last week). non-existent been on fire every weekend. that her firm has been “free- Our company implements solar power and very limited The chain generates Other less-than-stellar riding on the reputation” of it for clients who wish to take wind; when some of the significant funds for charity prophecies included the hotel. It wants a judge to advantage of the legislation. nuclear plants have been shut by inviting customers to declaring 2018 “the crunch stop Shepherd selling her David S Baber, chairman and down; when the capacity donate their change. It was year” for Brexit (not when candles, and pay damages. managing director, CPA (LPC) market system, which just 3p on my £51.97 order Britain is kicking the can In her defence, Shepherd, Recoveries Ltd, London W6 promotes emergency last week, but with sales now down the road) and saying 61, says Claridge’s has never generation by diesel and gas at £1.5bn, it all adds up. “Saudi Arabia will loosen up” sold candles and her logo is US Democrats said Britain Energy policy focuses way generators, has been That’s one reason I choose Sir John Kingman (tell that to Jamal Khashoggi). “based upon a Celtic tattoo must lift a ban on poultry too much on electricity condemned in European to shop at Screwfix. The others recommends overhauling To be fair, not all its which was seen on the imports from America for a Your report got its statistics courts; when coal-fired are that I never have to traipse the Financial Reporting predictions were off the internet”. Classy stuff. trade deal. Is chlorinated wrong (“The nuclear option power stations have been around a huge retail shed and Council in his review money: “an explosion of liam.kelly@ chicken a price worth runs out of steam”, last closed down; and when the staff are generally cheerier following audit scandals streaming video services” sunday-times.co.uk paying for a trade pact? week). government policy makes it than at B&Q. Nuclear power does not very risky to invest in new Kerri Green, London SE18 DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 FTSE 100 DOLLAR 2.3% 2.4% on September 3, when An earlier deal, in Croatia USD > GBP Dechra investors fled over the risks of in 2016, to buy poultry 8,000 CPI including housing current rate prev. month a hard Brexit and fears of vaccine manufacturer Genera $1.26 2.2% 2.2% consolidation among US — and the €340m (£306m) 7,600 W 0.00 Retail prices index current rate prev. month goes on veterinary practices. acquisition this February of 12-month high: $1.44 low: $1.25 Distributors are also more the Dutch companies AST 7,200 3.2% 3.3% EURO focused now on marketing Farma and Le Vet — should 6,721.17 Average weekly earnings on prev. month on last year the prowl EUR > GBP their own medicines. The provide a hedge against a 124.00 H:7,903.5 6,800 shares are down 34% since no-deal Brexit and better 1.81% L:6,646.5 £528 U0.8% U3.3% Unemployment current rate prev. month overseas August, when they peaked at access across Europe. Worth 6,400 €1.11 £31.68, closing last week at $3.7bn last year, Europe is the FTSE 250 W 0.00 2018 12-month high: €1.16 1.38m 4.1% 4.1% Across Thailand, the number £20.98. second-largest “companion low: €1.10 Source: Thomson Reuters Manufacturing output on the year on last month of cats and dogs kept as pets Dechra is trying to adapt to care” market after America. YEN is surging, thanks to a the changing veterinary Dechra’s earnings per RISERS FALLERS YEN > USD U0.3% V0.9% combination of an ageing market, where merged share have grown by an : 124.1pU 28.8% on cautious Gulf Marine Services: 9.5p V 70.8% on covenants warning Debenhams: Retail sales on the year on last month population and increasing groups wield enhanced average of 31% a year, while sales guidance : 137.6p U 16.6% on African taxi partnership 3.9p V 27% on retail scares ¥111.36 urbanisation. Looking after negotiating power with sales in the year to June 30 Zotefoams: 652p U 15.6% on N Brown: 91p V 18.8% on fashion fears U3.9% U 1.4% 17,442.98 V 2.01 Circassia Pharmaceuticals: 48.6p V them has ballooned into an suppliers. Expanding into were up 13%. 223.93 H:21,371.5 sentiment IP Group: 122p U 15.5% on 12-month high: ¥114.54 portfolio company boon JTC 396p 16.5% on sentiment AA: 66.7p V 16.4% low: ¥104.55 industry worth $2.8bn new markets is helping to Despite the crash in its 1.27% L:17,245.9 U 13.1% on sentiment on continuing woes UK trade latest 3 mths prev. 3 mths latest 12 mths (£2.2bn) a year — and is set to mitigate this. Just last month, shares, Dechra is still trading OIL balance (£bn) -10.3 -7.2 -29.9 surge by 10%-15% annually. Dechra announced a £37.8m at a punchy 58 times forward DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change Expansion into Asia is deal to buy the Brazilian drug earnings; its peers are 22,445.37 25,753.42 1,328.82 product expected to be a key source of developer Vencofarma. Brazil trading at about 39 times. It $53.82 U0.6% U0.4% U1.5% 1,655.14 H:26,951.8 341.37 H:33,484.1 42.72 H:1,588.0 growth for Dechra is a fast-growing market and is also worth noting that V 6.46 Budget deficit latest month prev. month year-to-date 6.86% L:22,396.3 1.31% L:24,540.6 3.11% L:1,314.6 12-month high: $86.74 (PSNB) in £bn Pharmaceuticals, which the acquisition will allow Tony Griffin, managing low: $52.79 -7.2 -6.4 -32.8 makes medicines and Dechra to establish its own director of its European NASDAQ SHANGHAI SENSEX GOLD vaccines specially for pets. products there too. business, sold £105,786 6,332.99 2,516.25 35,742.07 DOLLARS/TROY OZ While Dechra does not yet worth of shares last week. 577.68 H:8,133.3 77.49 H:3,587.0 220.86 H:38,989.7 have a presence in southeast Dechra Pharma Analysts expect the 8.4% L:6,604.6 2.99% L:2,449.2 0.61% L:32,483.8 $1,259.93 10-YEAR BOND YIELDS % Asia, it is thought to be on the company to be shopping for U 21.23 lookout for a deal. Chief £30 further assets — whether S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months executive Ian Page has already through a transformational 2,416.62 4,694.38 5,533.30 low: $1,179.16 high low 183.33 H:2,940.9 145.50 H:6,481.3 said he is in the market. 26 deal or smaller bolt-on 159.32 H:5,657.4 BITCOIN UK 1.33 U 0.08 1.79 1.10 It would be a welcome acquisitions. While Dechra is 7.05% L:2,408.5 0.84% L:4,628.2 2.56% L:5,494.4 DOLLARS boost for Dechra, which has 22 a strong, sustainable NIKKEI DAX S&P TSX US 2.79 V 0.10 3.26 2.41 endured a rocky few months business, it does appear its $3,908.52 20,166.19 10,633.82 13,935.44 JAPAN 0.04 0.01 0.17 0.01 after a rise in its share price 18 period of unbroken growth U 483.9 U 1,208.64 H:24,448.1 231.95 H:13,596.9 659.63 H:16,586.5 2018 12-month high: $19,497.40 came to an abrupt halt. The could be on pause. Hold. 5.65% L:20,006.7 2.13% L:10,512.6 4.5% L:13,924.4 low: $919.50 GERMANY 0.25 W 0.00 0.80 0.19 stock crashed more than 20% Source: Thomson Reuters @sabahmeddings Price at 6pm Saturday

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) 51 3i Group 773.4 –6.2 1029.5 763.0 4.8 - 7659.0 114 2888.0 –19.0 3235.0 2761.0 2.1 10.7 3221.3 35 Legal & General 226.8 –2.4 286.2 224.1 6.8 8.3 13518.7 131 RPC 664.4 +21.8 891.0 632.2 4.2 10.8 2700.3 159 262.5 +11.9 271.7 203.0 3.1 - 2133.5 8 Diageo 2824.0 –1.0 2883.5 2354.5 2.2 23.3 68656.1 15 Lloyds Banking Group 51.0 –1.7 72.1 51.0 6.1 9.1 36282.1 82 RSA Insurance 498.3 –8.3 681.8 496.6 3.9 17.0 5117.2 71 Admiral 1977.0 –3.5 2118.0 1803.5 2.7 16.9 5743.2 96 Direct Line Insurance 313.8 +6.3 393.2 304.9 6.5 11.1 4314.8 34 4067.0 +27.0 4794.0 3649.0 1.3 23.9 14159.6 61 Sage 588.2 –8.0 821.4 525.6 2.7 21.7 6383.5 169 715.0 –15.0 882.0 641.8 3.8 16.9 1831.3 200 125.4 –11.6 234.7 125.2 - 5.9 1455.5 161 Man 132.5 +5.8 217.7 126.8 6.1 10.9 2063.8 69 Sainsbury, J 270.0 –5.5 341.5 225.3 3.8 23.1 5944.6 146 Alliance 690.0 –28.0 785.0 689.0 2.0 - 2304.5 95 EasyJet 1090.5 –11.5 1796.0 1051.5 3.8 12.1 4331.5 102 Marks & Spencer 249.8 –13.6 324.0 248.1 7.5 138.8 4059.0 57 Schroders 2445.0 +56.0 3773.0 2334.0 4.6 11.1 6672.8 24 Anglo American 1751.6 +57.2 1926.4 1464.6 4.4 9.8 24608.3 149 505.4 –4.6 761.6 499.7 2.6 13.6 2242.8 148 305.6 –20.9 706.4 305.6 2.6 - 2252.7 58 Schroders N/V 2030.0 –25.0 2720.0 2030.0 1.7 9.3 6672.8 52 Antofagasta 769.0 –9.0 1149.0 727.2 1.0 15.3 7581.2 182 Entertainment One 349.0 –19.0 447.6 268.0 0.4 69.8 1617.3 108 467.4 –7.0 572.0 417.1 3.4 12.8 3630.9 56 Scottish Mortgage 459.1 –29.2 568.3 420.6 0.7 - 6684.7 192 376.2 +6.4 465.0 346.0 1.5 76.8 1507.5 55 Evraz 485.7 +21.3 584.0 333.1 11.4 5.3 7010.4 48 Melrose 158.5 –0.9 247.0 146.3 2.7 - 7700.3 64 Segro 603.4 –0.2 679.0 551.2 2.8 5.4 6115.5 139 Ashmore 362.4 –6.2 433.2 337.0 4.6 17.0 2583.0 28 Experian 1863.0 –32.5 1988.5 1508.0 1.8 28.0 16956.0 115 Merlin Entertainments 314.1 –14.1 410.5 311.4 2.4 15.6 3210.3 89 Severn Trent 1873.0 –6.5 2162.0 1703.0 4.6 17.1 4442.0 50 Ashtead 1607.5 –112.5 2438.0 1606.5 2.0 7.2 7683.4 110 F&C Investment Trust 638.0 –25.0 741.0 612.0 1.7 - 3432.6 183 Metro Bank 1651.0 –149.0 4040.0 1651.0 - 46.8 1608.4 137 Shaftesbury 844.0 –24.5 1055.0 844.0 1.9 14.6 2594.3 29 Associated British Foods 2128.0 –52.0 2891.0 2110.0 1.9 16.7 16846.8 38 Ferguson 4890.0 –53.5 6556.0 4749.0 2.5 18.9 11337.6 74 International 1345.5 –117.0 2582.0 911.8 5.4 9.7 5658.1 13 Shire 4491.0 –182.0 4702.5 2953.5 0.6 11.1 41132.5 6 Astra 5901.0 –229.0 6317.0 4712.5 3.6 40.2 74754.6 63 Fresnillo 837.0 +3.4 1436.5 746.4 3.7 16.9 6167.8 188 Millennium & Copthorne Hotels 482.0 +14.5 587.0 459.0 1.4 19.6 1565.5 100 Smith (DS) 300.1 –11.2 513.4 295.3 4.8 12.8 4109.6 99 Auto Trader 438.8 –9.5 466.3 334.8 1.3 23.4 4116.9 123 G4S 191.6 +6.1 291.3 175.9 5.1 15.6 2973.6 70 Mondi 1618.5 –13.5 2236.0 1584.0 3.3 13.2 5943.8 36 Smith & Nephew 1440.5 –45.0 1516.0 1215.0 1.9 23.2 12597.7 106 Aveva 2338.0 –122.0 3054.0 1803.0 1.1 64.7 3770.5 7 Glaxo Smith Kline 1500.2 +20.2 1621.6 1242.8 5.3 39.6 74427.9 197 Moneysupermarket 274.2 –4.3 366.5 256.9 3.8 18.4 1470.5 76 Smiths 1381.0 +9.0 1801.0 1279.5 3.2 20.0 5467.9 33 Aviva 370.0 –7.0 552.0 368.5 7.4 13.4 14435.5 14 Glencore 287.2 –2.5 415.0 270.9 3.6 9.0 40254.8 187 727.0 –34.0 872.0 727.0 0.2 - 1575.9 166 Smith WH 1740.0 –114.0 2347.0 1697.0 2.8 17.7 1884.1 142 489.4 –42.0 862.4 489.4 6.0 10.3 2474.4 191 Units 633.5 –41.5 841.5 633.5 2.5 10.9 1511.3 79 Morrison Supermarkets 221.6 –4.2 269.4 204.1 2.8 21.9 5248.7 87 Smurfit Kappa 2090.0 +82.0 3292.0 1934.0 3.7 10.5 4957.8 32 BAE Systems 454.4 –1.7 676.4 445.5 4.8 19.2 14520.1 181 Greene King 524.8 –4.4 642.6 458.9 6.3 10.4 1626.9 168 365.8 –7.8 422.2 344.6 3.7 13.7 1871.9 174 Sophos 361.8 –3.2 669.5 317.4 1.0 - 1732.8 177 243.4 –11.9 311.1 230.6 1.5 7.8 1679.5 167 674.5 –15.0 798.7 656.5 1.8 29.7 1879.7 19 National Grid 786.4 –57.1 887.8 736.8 5.8 8.0 26727.3 135 2272.0 +9.0 2908.0 1966.5 2.5 9.3 2624.4 94 Spirax-Sarco 5900.0 –200.0 7345.0 5410.0 1.5 25.0 4343.1 21 Barclays 149.0 –9.4 217.0 147.8 3.0 70.9 25525.6 104 GVC Holdings 683.5 –38.0 1170.0 629.5 4.4 26.7 3977.1 72 Next 4110.0 –228.0 6202.0 4110.0 3.8 9.7 5741.1 88 Barratt Developments 452.0 +11.5 657.8 434.0 5.7 6.9 4584.3 83 Halma 1346.0 +45.0 1504.0 1146.0 1.1 30.5 5110.0 39 SSE 1081.0 –8.5 1440.5 1041.5 8.8 38.9 11096.9 75 NMC Health 2700.0 –362.0 4120.0 2700.0 0.5 34.5 5621.7 147 BBA Aviation 218.8 +7.4 368.8 207.0 3.3 24.6 2259.5 134 342.4 –8.8 570.0 342.0 7.4 17.4 2626.2 120 SSP 644.9 +4.2 742.7 613.7 1.3 29.9 3011.7 77 Ocado 769.6 –45.4 1146.0 361.7 - - 5373.9 178 BCA Marketplace 213.5 +13.5 242.0 149.6 4.0 26.0 1674.6 42 Hargreaves Lansdown 1823.5 –8.0 2270.0 1629.5 1.7 36.8 8649.2 26 Standard Chartered 595.0 –9.7 849.2 519.8 1.4 22.9 19682.7 195 Page Group 451.6 –35.6 623.5 442.8 2.8 15.7 1480.9 133 Beazley 505.5 +0.5 619.5 493.2 2.3 76.7 2667.8 162 Hays 137.5 –3.8 212.0 137.5 2.4 12.2 2003.6 86 St James’s Place Capital 937.8 +1.6 1270.5 925.8 4.6 32.7 4965.1 53 Pearson 926.6 –19.2 966.6 653.0 1.8 12.2 7237.4 118 2500.0 +9.0 3686.0 2419.0 5.3 5.9 3076.1 128 HICL Infrastructure 157.9 +2.4 163.1 133.5 5.1 - 2823.0 60 Standard Life Aberdeen 255.4 +9.3 505.8 224.9 9.5 7.7 6476.4 119 Pennon 726.0 +9.2 812.4 583.4 5.3 14.1 3052.2 93 Berkeley 3401.0 –31.0 4321.0 3226.0 2.7 7.1 4387.8 97 1757.0 –86.5 2025.0 855.6 1.4 - 4242.4 117 Tate & Lyle 676.4 –13.4 720.6 526.0 4.2 14.4 3162.3 151 Pershing Square Holdings 1046.9 –71.2 1225.6 959.9 - - 2235.6 5 BHP 1650.0 +33.4 1779.2 1373.8 4.5 17.5 83452.5 91 1530.0 –77.0 1711.0 1332.0 1.9 91.6 4402.9 90 Taylor Wimpey 134.8 +2.5 211.2 129.3 3.5 7.0 4415.3 67 Persimmon 1903.0 +6.0 2880.0 1859.5 12.4 7.4 6012.9 198 878.5 +7.0 984.0 818.0 3.5 11.9 1464.2 125 866.0 –14.0 1041.0 705.0 2.2 29.6 2874.5 175 Templeton Emerging Markets 680.0 –8.0 825.0 649.0 2.2 - 1728.2 189 Petrofac 459.2 –0.7 663.4 403.9 6.3 - 1559.8 126 B&M European 283.6 –16.3 434.8 283.6 2.5 13.4 2837.6 138 Howden Joinery 426.2 –6.5 539.0 416.4 2.6 14.0 2594.3 27 Tesco 193.8 +0.9 266.2 190.2 1.5 17.1 18974.9 101 Phoenix Group Holdings 564.6 +0.6 714.5 496.2 8.0 55.1 4071.9 4 BP 495.2 –17.5 598.3 459.8 6.2 15.0 99345.4 2 HSBC 654.0 +0.5 796.0 600.8 5.9 15.9 131023.5 179 TP Icap 294.0 –5.9 553.6 259.7 5.7 38.2 1656.2 199 1284.0 –79.0 2040.0 863.0 6.2 5.2 1460.9 10 British American Tobacco 2533.0 –127.0 5100.0 2533.0 7.8 1.4 58101.2 160 IG Group 571.5 +37.5 954.5 534.0 5.7 9.3 2107.9 136 1040.0 –49.5 1587.5 970.0 4.3 11.3 2622.3 196 Polar Capital Technology 1102.0 –66.0 1386.0 1060.0 - - 1471.2 81 British Land 540.0 –18.2 697.0 540.0 5.6 26.5 5189.8 141 IMI 924.0 +16.0 1443.0 870.0 4.3 17.2 2514.2 163 Tritax Big Box Reit 134.6 +3.6 156.9 130.0 4.8 6.6 1983.4 105 Polymetal International 846.8 +12.8 923.6 591.0 3.9 12.0 3974.6 155 817.0 –2.5 858.5 661.5 3.3 18.5 2162.7 25 Imperial Brands 2369.5 –2.0 3176.5 2314.0 7.4 16.5 22598.8 59 Tui 1125.0 –44.5 1810.5 1088.0 5.2 10.7 6613.9 23 BT 249.0 –2.5 275.7 202.9 6.2 11.0 24705.6 150 Inchcape 540.0 +9.5 799.0 486.6 5.0 9.3 2241.7 85 Paddy Power Betfair 6315.0 –290.0 9110.0 6010.0 3.2 24.6 5029.3 143 171.6 –11.4 276.0 168.6 - 13.1 2390.9 116 BTG 828.5 +1.0 853.0 475.0 - 140.9 3207.9 47 Informa 617.0 –32.8 859.0 617.0 3.3 18.1 7722.5 194 Provident 589.2 –17.8 733.2 430.2 - - 1492.3 190 UDG Healthcare 608.5 –4.0 940.0 572.5 1.8 521.9 1513.4 44 Bunzl 2377.0 –48.0 2452.0 1936.0 1.9 24.1 7996.5 171 Inmarsat 389.9 –26.1 632.2 336.4 3.9 18.2 1803.8 16 Prudential 1399.0 –16.5 1981.0 1388.0 3.4 16.0 36262.1 3 Unilever 4204.0 –116.0 4486.0 3695.0 3.1 21.9 113148.5 54 Burberry 1706.5 –44.5 2325.0 1498.0 2.4 21.7 7020.1 49 Intercontinental Hotels 4032.0 –169.0 4966.0 3948.0 1.9 17.6 7687.8 180 QinetiQ 290.6 +6.4 297.3 195.5 2.2 13.3 1650.5 154 Unite Group 822.5 +2.5 913.0 751.0 2.8 7.4 2167.1 186 2855.0 +95.0 2890.0 2600.0 2.0 - 1584.5 130 Intermediate Capital 947.0 –7.5 1203.0 899.0 3.2 9.5 2785.0 152 Quilter 115.4 –0.7 154.7 110.6 - - 2194.8 80 United Utilities 769.2 +13.0 829.5 656.0 5.2 14.2 5245.1 165 Capital & Counties Properties 228.6 –11.4 319.9 228.6 0.7 - 1944.9 45 Intertek 4839.0 +204.0 6014.0 4387.0 1.5 27.3 7809.8 62 Randgold Resources 6540.0 –402.0 7446.0 4652.0 2.4 32.7 6175.2 164 2272.0 +62.0 3408.0 2172.0 2.4 16.9 1957.6 172 107.5 –0.9 423.4 103.3 6.3 - 1793.6 37 International Airlines Group 612.8 –5.8 726.6 557.0 3.9 4.9 12153.7 11 Reckitt Benckiser 6254.0 –10.0 7155.0 5443.0 2.6 12.8 44238.3 12 Vodafone 156.7 –3.9 238.0 143.9 8.6 - 41880.3 18 Carnival 3781.0 –590.0 5060.0 3781.0 3.9 11.0 27280.2 153 International Public Partnerships 154.0 –1.2 158.8 138.2 4.4 18.9 2168.7 173 Redrow 476.6 +4.6 664.5 460.8 4.2 5.6 1762.5 113 Weir 1251.0 –123.0 2325.0 1240.0 3.5 17.3 3245.5 46 136.0 –2.0 163.6 124.1 8.8 14.5 7747.1 185 Intu Properties 116.9 –4.2 253.0 110.9 12.0 - 1584.7 17 Relx 1612.0 –17.0 1741.5 1429.5 2.4 19.6 31738.1 43 Whitbread 4461.0 –37.0 4728.0 3617.0 2.3 18.7 8192.1 109 256.8 –14.4 323.6 97.9 2.2 26.9 3521.1 124 434.9 +0.4 648.6 426.0 5.5 8.4 2966.6 121 Renishaw 4114.0 +216.0 5775.0 3670.0 1.3 22.6 2994.5 176 965.0 –31.0 1138.0 965.0 2.3 - 1719.4 157 Close Brothers 1424.0 +6.0 1660.0 1398.0 4.3 10.5 2154.4 84 ITV 125.4 –4.4 180.4 125.2 6.2 12.1 5047.9 68 Rentokil Initial 325.6 –6.4 355.1 258.7 1.2 32.3 6001.9 127 Holdings 2760.0 –121.0 3797.0 2329.0 - 14.0 2831.1 144 Cobham 99.8 –0.0 136.4 98.4 - 10.5 2385.7 170 IWG 203.1 nc 326.8 200.2 2.8 19.9 1817.9 107 Rightmove 420.9 –19.0 535.0 418.0 1.4 25.3 3759.5 111 Wood 499.2 –68.6 796.4 499.2 1.7 - 3402.2 41 Coca Cola HBC 2388.0 –74.0 2801.0 2216.0 2.0 22.0 8772.3 98 Jardine Lloyd Thompson 1890.0 nc 1898.0 1212.0 1.8 37.1 4139.8 9 Rio Tinto 3800.0 +124.5 4492.0 3486.0 5.7 7.9 65081.8 193 Workspace 835.0 –8.0 1165.0 812.0 3.3 9.6 1506.2 20 Compass 1634.5 –48.5 1709.5 1425.0 2.1 23.0 25921.5 112 JD Sports 341.5 –13.9 521.4 318.5 0.5 13.2 3323.6 122 RIT Capital Partners 1932.0 –8.0 2130.0 1844.0 - - 2985.2 40 WPP 865.0 –4.4 1471.0 805.0 6.9 5.8 10914.8 132 Convatec 135.9 –4.8 239.0 135.9 3.2 14.9 2671.0 184 John Laing 323.6 +9.0 332.4 239.9 1.7 5.3 1588.2 31 Rolls-Royce 810.0 +1.4 1094.0 759.2 1.4 7.2 15355.2 30 CRH 2036.0 –1.0 2857.0 1971.5 3.0 10.6 16617.7 78 Johnson Matthey 2750.0 +32.0 3823.0 2620.0 2.9 15.9 5322.2 156 247.9 +8.1 361.4 235.7 2.2 36.5 2158.2 Price/earnings ratios are based on historic data, with yield and p/e values 65 Croda 4645.0 –46.0 5318.0 4267.0 1.7 25.2 6114.8 103 Just Eat 589.0 +12.0 890.0 533.8 - - 4011.0 22 Royal Bank of Scotland 208.7 –2.9 302.4 203.0 1.0 33.6 25145.2 calculated from the most recent reported dividends and earnings per share, 140 CYBG 177.6 –11.1 364.2 177.6 0.6 - 2534.5 145 Kaz Minerals 522.6 –18.2 1076.0 436.7 - 5.7 2342.5 1 Royal Dutch Shell A 2266.0 –76.5 2748.5 2175.5 6.4 11.5 186655.3 using trailing 12-month figures. 52-week highs and lows are end of day. 73 DCC 5810.0 –150.0 7755.0 5555.0 2.1 21.6 5708.3 92 Kingfisher 210.2 –15.2 362.5 209.2 5.2 11.4 4397.8 Royal Dutch Shell B 2281.5 –76.5 2841.0 2201.5 6.3 11.6 nc = no change Data provided by Morningstar.Any enquiries please contact: 158 2098.0 –44.0 3168.0 1970.0 1.1 56.6 2150.5 66 Land Securities 814.0 –26.6 1010.4 806.4 5.6 - 6035.5 129 Royal Mail 280.5 –15.8 631.0 276.3 8.6 30.5 2805.0 [email protected]