12 The Sunday Times February 3, 2019 BUSINESS

Andrew Lynch LETTERS

Send your letters, including non-urgent and wholly for them. And as “poverty” in Dyson’s move east flusters East I’m sorry I’ll For those in peril SIGNALS full name and address, avoidable problem. To this country is relative, unless AND NOISE . . . to: The Sunday Times, comply with the HMRC we all get paid the same there For the chief executive of West of England in Bristol read that again in Swansea 1 London Bridge Street, change I will have to invest in will always be poverty Rolls-Royce, last week might last week. It’s never easy to be on top And finally, an everyday London SE1 9GF. Or email a software bolt-on for my new (although the term insults the have seemed a perfect “Having signed up to do form in the early hours of a story of City folk travelling [email protected] accounting suite, costing £150 world’s genuine poor). moment to declare that this talk, imagine my horror dark winter’s morning. on God’s Wonderful Railway. Letters may be edited a month, every month — However, the UK could be “the UK can be a natural when I realised the timing of In the grand tradition of A City slicker, whom I can there is no purchase option. heading to true equality of home for global the announcement,” Radio 4 Today’s presenters, identify only as Maurice, Brexit is bad enough, but a What narrow, inward- income. No, not because of engineering and technology squirmed the church-organ- business correspondent recently took the last train VAT shake-up too? Absurd looking decision-making Comrade Corbyn — but when champions”. playing engineer. Dominic O’Connell — once of west to his country seat after I read with interest your body has decided that this artificial intelligence and If you also serve as One wonders whether this parish — introduced an evening with clients at a article about a VAT shake-up absurd timing and the robotics have eliminated a non-executive director someone on Dyson’s board Bob Sanguinetti last week as big brokerage. (“All this . . . and now digital ludicrously high cost of most jobs and we are all on a for Sir James Dyson, as might have questioned the chief executive of the How they passed the tax returns too!”, last week). implementation for citizen’s basic income. Warren East does, you timing of the HQ move to Chamber of Shitting before evening I do not know, but We are a small business thousands of businesses is a David Milburn, Dereham, might want to maintain Singapore, given Dyson’s quickly correcting himself Maurice assures me: “They that imports from and useful application of time and Norfolk radio silence. strident views on Brexit — along more nautical lines. weren’t drinking lemonade.” exports to the Continent. money at such a critical time? However, East, 57, did not even if it was motivated more After three decades in the Our weary traveller set his Rather than embarking on its This proposal and the Small investors are the real let down the audience for by the prospect of a Jeremy Royal Navy, Sanguinetti, 53, phone alarm to wake him for Ayesha Vardag, divorce Making Tax Digital (MTD) timing are risible and those victims of Tesco’s travails his lecture on engineering Corbyn government. is likely to have heard much his connection at Swindon. lawyer to socialites such as initiative, which complicates behind it need to cancel it In his Agenda column last at the University of the Perhaps a still small voice worse at sea. The next thing he knew, he the Marchioness of our activities, HM Revenue & and think again. You could week, Oliver Shah discussed asking: “Do you think that’s was being roused by the Northampton, on juggling Customs would be more not make it up. the Serious Fraud Office’s awfully wise?” guard. He looked at the her £20m-turnover business usefully employed in Tony Gardiner, Woodstock, case against Tesco (“A toxic JUST SAYING . . . Where is Sergeant Wilson FUNNY BUSINESS station sign: “S-w . . .” with six children. providing guidance to those Oxfordshire culture was the real villain at when you need him? Swansea! It was 1am. of us struggling with how to Tesco”). Like many, I kept my Minutes later, Maurice was MAGAZINE, PAGE 8 account for VAT and tariffs in Educated or not, the poor Tesco shares when they in the back of a Jag heading the event of a no-deal Brexit. are always with us peaked at n more than 400p. We need to The trials for Gloucester. He asked the We are building up stock Last week, you headlined a A good firm. plan for all driver: “So what are you TWITTER POLL ahead of March 29 to ensure letter “Education and But is it not really the fault, of golfers doing here at this time?” we can continue trading in training are key to eradicating in the first instance, of Sir eventualities Richard Boath, one of the “Do you work in the City, Yes No April and May. The cashflow poverty”. I think you meant Terry Leahy, who dived Tesco Barclays bankers on trial by any chance?” the driver impact of this and the “reducing” poverty. into America, South Korea over fraud charges, quipped shot back straight away. And potential change to VAT and Better educated/trained and China? What were they in a recorded call played to then the pound coin 57% 43% duty payments is severe. Britons should help to reduce thinking of, invading foreign the court that he had a house dropped: Maurice was not MTD is clearly less important skilled immigration, which lands? A friend of mine was in Brazil, where “there’s no the first slicker to be rescued. than ensuring we can would be a good thing. But a sent to South Korea as No 2 extradition treaty”. “How often does this continue to trade, and it adds great many jobs, while there. Although he never Boath, 60, sometimes happen?” he asked. “Every yet further costs. essential to the proper criticised Tesco, he was never plays golf closer to home — at other week, I’d say,” the While Brexit is functioning of society, confident of their decision. Coombe Hill in Surrey. driver answered. unavoidable and must be require neither high levels of Then followed the fraud One of the club’s members “What’s the farthest treated as a business education nor training — and allegations, and the shares Outgoing BT chief is Robert Jay, better known as you’ve had to drive?” Tesco could cut 9,000 jobs challenge, with the MTD these are typically the lowest- dived. We minor investors executive Gavin Patterson Mr Justice Jay — the judge in “Reading.” and remove fresh food initiative — effective from paid jobs. We can’t all be took the toll of all this but we on stockpiling equipment, charge of the Barclays case. So raise a glass to John the counters from 90 stores. April 1 — HMRC is pointing a brain surgeons. There can be are never mentioned and I such as set-top boxes, I doubt there will be much Indomitable Cabbie. But just Will this annoy shoppers rifle at my feet and pulling the overeducation: for example, am still holding my shares, hubs and handsets for friendly banter at the 19th the one. You don’t want to more than it helps profits? trigger. We have been allowed a third of graduates are in fool that I am. Brexit hole, though. miss your connection. @ST_ Business a modest deferment, but this non-graduate employment Ray Cook, Littlestone-on-Sea, is a totally unnecessary, because there isn’t demand Kent 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 2.1% 2.3% became the country’s first three months of last year was USD > GBP large-scale modern gold mine. 137,600 ounces — up 17% on 8,000 CPI including housing current rate prev. month Centamin is hoping to the previous quarter, but $1.31 2.0% 2.2% move on from a down 11% year on year. 7,600 V 0.01 Retail prices index current rate prev. month offers the disappointing few months, Analysts at Panmure 12-month high: $1.44 low: $1.24 when it warned that full-year Gordon have a 140p target on 7,200 2.7% 3.2% EURO output would take a hit due to the stock, claiming that many 7,020.22 Average weekly earnings on prev. month on last year chance to EUR > GBP disruptions, low grades of of its problems have been 211.00 H:7,903.5 6,800 gold and a lack of available addressed. It is due to 3.10% L:6,536.5 £527 V0.2% U3.3% Unemployment current rate prev. month strike gold equipment. All this led to provide an update in its full- 6,400 €1.14 swelling costs and two year results this month. FTSE 250 V 0.02 2018 12-month high: €1.16 1.37m 4.0% 4.1% Precious metals have long production downgrades. Centamin, led by former low: €1.10 Source: Thomson Reuters Manufacturing output on the year on last month provided a refuge for Last month, Centamin said Sukari general manager YEN investors fearful of stock that output from Sukari had Andrew Pardey, has also RISERS FALLERS YEN > USD V0.4% V0.3% market volatility, and there’s fallen 13% in the past year to strengthened its board with : 262.1p U 30.7% on broker Petra Diamonds: 32p V 28.8% on lower revenue Circassia Retail sales on the year on last month no better Anderson shelter 472,418 ounces. The shares the appointment of three upgrades TI Fluid Systems: 195.9p U 21.7% on sales growth Gulf Marine Pharmaceuticals: 36.6p V 23.3% on ¥109.48 from the current barrage of nosedived as disappointed non-executive directors. Services: 20.6p U 20.5% on possible sentiment Metro Bank: £12 V 16.7% on U3.0% V0.9% 18,811.37 V 0.05 loans blunder Connect Group: 36.7p shocks than gold. investors took flight. They The company is expected 167.79 H:21,371.5 board changes Ophir Energy: 55p 12-month high: ¥114.54 U 16.1% on takeover Consort Medical: V 12.7% on sentiment DP Eurasia: 107p low: ¥104.55 Bullion has risen steadily have gradually recovered and to pay a dividend of 4.1 cents 0.90% L:17,054.7 945p U 15.8% on US drug approval V 12.7% on sentiment UK trade latest 3 mths prev. 3 mths latest 12 mths since November, closing last closed last week at 118.4p — a share for the full year, OIL balance (£bn) -7.9 -8.2 -28.6 week at $1,317 an ounce. It although analysts at giving it a projected yield of DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change had lost some of its shine in Berenberg reckon the lift has 2.7% — below most of its 25,063.89 27,930.74 1,414.24 product the previous few months, as largely been due to peers, which are hovering at $62.75 U0.6% U0.4% U1.5% 326.69 H:26,951.8 361.55 H:33,048.0 9.63 H:1,565.4 the strength of the dollar momentum in the gold price. between 4% and 5%. It trades U 1.11 Budget deficit latest month prev. month year-to-date 1.32% L:21,712.5 1.31% L:24,540.6 0.69% L:1,291.0 12-month high: $86.74 (PSNB) in £bn tarnished its safe-haven However, there are signs on a forward price-to- low: $49.93 -3.0 -7.1 -35.9 status. However, analysts that Centamin is turning a earnings multiple of 10.9 NASDAQ SHANGHAI SENSEX GOLD expect the recent rally to corner. Output for the final times, giving it room to grow. 7,263.87 2,618.23 36,469.43 DOLLARS/TROY OZ continue thanks to America’s Larger peer Fresnillo is 99.00 H:8,133.3 16.51 H:3,495.1 443.89 H:38,989.7 trade war with China and Centamin trading on 17.9 times. 1.38% L:6,190.2 0.63% L:2,440.9 1.23% L:32,483.8 $1,317.94 10-YEAR BOND YIELDS % tensions with Saudi Arabia, Centamin, which also has U 19.35 which are pushing flighty 160p projects in Burkina Faso and S&P 500 CAC 40 ALL ORDS 12-month high: $1,358.84 variation 12 months investors towards more Ivory Coast, has had a mixed 2,706.53 5,019.26 5,935.30 low: $1,179.16 high low 41.77 H:2,940.9 35.80 H:6,481.3 secure assets. run of late. For those with an 93.44 H:5,657.4 BITCOIN UK 1.25 V 0.05 1.79 1.10 Hoping to take advantage 120 appetite for risk, however, 1.57% L:2,346.6 1.90% L:4,556.0 0.60% L:5,478.4 DOLLARS of the recovering price is the recent downturn in its NIKKEI DAX S&P TSX US 2.68 V 0.08 3.26 2.54 Centamin, the London-listed share price could provide the $3,477.53 20,788.39 11,180.66 15,506.31 JAPAN -0.02 0.03 0.17 -0.05 miner digging for gold in 80 perfect opportunity to dig for V 125.18 V 1.61 H:24,448.1 101.13 H:13,301.4 140.26 H:16,586.5 2018 12-month high: $11,767.58 Egypt. When its Sukari mine treasure. 0.01% L:18,948.6 0.90% L:10,279.2 0.91% L:13,776.9 low: $3,167.82 GERMANY 0.11 V 0.03 0.80 0.09 began production in 2009, it Source: Thomson Reuters @sabahmeddings Price at 5pm 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) 46 3i Group 870.2 +50.4 1029.5 756.2 4.3 - 8404.3 151 2344.0 +14.0 3168.0 2014.0 1.0 63.3 2403.9 132 Kaz Minerals 619.0 +62.4 1076.0 436.7 - 6.8 2913.0 121 RPC 793.0 +27.0 837.0 632.2 3.5 12.8 3223.1 162 265.5 –1.6 267.1 203.0 3.1 - 2151.7 111 3256.0 +183.0 3260.0 2761.0 1.8 12.1 3631.7 91 Kingfisher 225.5 +2.7 362.5 205.4 4.8 12.3 4758.3 84 RSA Insurance 515.8 –2.6 681.8 496.6 3.8 17.5 5297.0 72 Admiral 2114.0 +24.0 2125.0 1803.5 2.5 18.1 6141.2 9 Diageo 2901.5 +185.5 2901.5 2354.5 2.2 24.2 70143.3 68 Land Securities 865.0 +11.4 989.5 791.8 5.3 - 6413.6 63 Sage 626.8 –3.4 738.2 525.6 2.5 23.1 6804.6 176 705.2 –12.2 882.0 641.8 3.8 16.6 1806.2 95 Direct Line Insurance 343.6 +11.2 393.2 304.9 5.9 12.2 4724.5 34 Legal & General 261.3 +4.2 286.2 223.7 5.9 9.6 15575.5 69 Sainsbury, J 286.9 +4.2 341.5 225.3 3.6 24.5 6319.0 147 728.0 +16.0 785.0 672.0 1.9 - 2442.1 188 139.4 –2.8 234.7 116.2 - 6.6 1617.9 13 Lloyds Banking Group 58.2 –0.4 69.7 50.0 5.4 10.4 41408.0 56 Schroders 2650.0 +63.0 3701.0 2334.0 4.3 12.1 7175.6 20 Anglo American 1985.2 +120.2 1985.2 1464.6 3.9 11.1 27890.4 86 easyJet 1272.0 –20.5 1796.0 1051.5 3.2 14.1 5052.5 33 4580.0 +160.0 4794.0 3837.0 1.1 26.9 15946.2 57 Schroders N/V 2100.0 +30.0 2720.0 2000.0 5.4 9.6 7175.6 43 Antofagasta 883.4 +56.2 1149.0 727.2 0.9 17.6 8709.1 150 542.8 +1.8 761.6 480.0 2.4 14.6 2408.9 157 Man 146.0 +0.4 213.0 126.8 5.5 12.0 2264.7 59 Scottish Mortgage 484.7 +10.7 568.3 420.6 0.6 - 7120.8 197 388.0 +5.8 465.0 346.0 1.4 79.2 1555.2 175 Entertainment One 398.4 –3.2 447.6 268.0 0.3 79.7 1846.7 94 Marks & Spencer 290.9 +0.9 314.5 242.4 6.4 161.6 4726.9 65 Segro 646.0 +4.0 679.0 551.2 2.6 5.8 6547.2 133 Ashmore 407.0 +13.2 424.2 337.0 4.1 19.1 2900.9 54 Evraz 507.6 +34.3 584.0 333.1 10.9 5.6 7326.5 156 316.1 –3.5 706.4 303.7 2.5 - 2330.1 92 Severn Trent 1999.0 +74.0 2088.0 1703.0 4.3 18.2 4740.9 41 Ashtead 1967.0 +45.0 2438.0 1586.5 1.7 8.8 9355.8 29 Experian 1954.5 +49.5 1988.5 1508.0 1.7 29.4 17786.5 104 525.6 +15.6 572.0 417.1 3.0 14.4 4083.2 140 Shaftesbury 879.0 +33.5 1015.0 817.0 1.9 15.2 2701.9 27 Associated British Foods 2415.0 +36.0 2836.0 2041.0 1.7 18.9 19118.9 110 F&C Investment Trust 674.0 +10.0 741.0 612.0 1.6 - 3644.1 45 Melrose 174.9 +11.0 247.0 146.3 2.4 - 8494.7 96 Smith (DS) 339.9 +19.4 513.4 292.2 4.2 14.5 4654.7 136 Lagonda 1247.6 +22.8 1810.0 1130.0 - - 2844.6 38 Ferguson 5163.0 +89.0 6556.0 4749.0 2.4 19.9 11970.7 200 Mercantile Investment Trust 193.6 –0.2 226.0 168.0 3.0 - 1534.3 36 Smith & Nephew 1432.0 +13.0 1516.0 1215.0 1.9 23.1 12541.0 8 Astra Zeneca 5581.0 +210.0 6317.0 4712.5 3.8 38.0 70713.5 199 Ferrexpo 262.1 +61.6 316.1 143.5 1.9 6.2 1542.8 114 Merlin Entertainments 346.1 +14.1 410.5 307.1 2.1 17.2 3537.4 75 Smiths 1468.0 +45.0 1801.0 1279.5 3.0 21.2 5812.4 100 Auto Trader 455.9 nc 466.3 334.8 1.3 24.3 4269.9 58 Fresnillo 970.4 +23.6 1400.0 746.4 3.2 19.6 7150.8 73 International 1471.0 –22.0 2138.0 911.8 5.0 10.6 6109.8 164 Smith WH 1944.0 –38.0 2124.0 1697.0 2.5 19.8 2103.1 99 Aveva 2724.0 –26.0 2978.0 1803.0 1.0 75.4 4393.0 124 G4S 202.0 +4.3 282.0 175.9 4.8 16.4 3134.2 191 Millennium & Copthorne Hotels 490.0 +7.0 575.0 459.0 1.3 20.0 1591.5 85 Smurfit Kappa 2212.0 +20.0 3292.0 1934.0 3.5 11.1 5247.1 32 Aviva 420.2 +10.5 552.0 364.6 6.5 15.2 16397.7 6 Glaxo Smith Kline 1483.4 +43.0 1621.6 1242.8 5.4 39.2 73642.8 62 Mondi 1853.0 +11.5 2236.0 1584.0 2.9 15.1 6805.0 190 Sophos 331.6 +11.2 639.0 310.2 1.1 - 1591.5 139 535.2 –14.4 862.4 472.8 5.5 11.3 2705.9 11 Glencore 306.2 +8.7 404.5 269.0 3.4 9.6 42732.3 186 Moneysupermarket 306.0 +1.6 339.3 256.9 3.4 20.5 1641.1 129 2615.0 +101.0 2908.0 1966.5 2.2 10.7 3021.4 31 BAE Systems 516.4 +5.4 676.4 445.5 4.2 21.9 16503.1 180 Units 737.0 –9.5 841.5 630.0 2.1 12.6 1758.2 182 793.0 +21.0 872.0 710.0 0.2 - 1714.9 93 Spirax-Sarco 6430.0 +190.0 7345.0 5410.0 1.4 27.2 4733.3 37 SSE 1180.5 +51.0 1440.5 1032.5 8.0 42.5 12118.3 171 276.0 +1.2 311.1 230.6 1.3 8.8 1904.4 174 Greene King 597.2 +7.2 642.6 458.9 5.6 11.9 1851.3 77 Morrison Supermarkets 234.9 –0.5 269.4 204.1 2.6 23.2 5561.6 21 Barclays 158.6 –5.5 217.0 146.1 2.8 75.5 27176.1 195 1546.0 –21.0 1595.0 942.0 2.1 26.0 1563.9 125 SSP 670.7 +8.7 742.7 613.7 1.5 27.4 3132.2 168 390.4 +10.6 422.2 344.6 3.5 14.6 1997.8 78 Barratt Developments 547.8 +11.4 586.0 434.0 4.7 8.3 5556.1 166 730.4 +3.8 794.6 652.3 1.6 32.2 2015.4 26 Standard Chartered 621.8 –3.6 839.0 519.8 1.4 23.9 20575.0 19 National Grid 833.6 +37.2 887.8 736.8 5.5 8.5 28426.3 146 BBA Aviation 237.2 +6.6 350.0 207.0 3.1 26.6 2449.5 108 GVC Holdings 664.5 +12.0 1170.0 629.5 4.5 26.0 3866.5 88 St James’s Place Capital 947.6 –3.4 1240.5 914.0 4.5 33.0 5017.2 64 Next 4861.0 +84.0 6202.0 3991.0 3.2 11.5 6722.6 194 BCA Marketplace 202.0 +7.0 242.0 149.6 4.2 24.6 1584.4 81 Halma 1422.0 +16.0 1504.0 1146.0 1.0 32.2 5398.6 67 Standard Life Aberdeen 255.2 –5.8 484.6 224.9 9.5 7.7 6419.4 82 NMC Health 2580.0 –86.0 4120.0 2536.0 0.5 32.9 5371.8 142 Beazley 492.6 –14.4 619.5 492.6 2.3 74.8 2599.8 135 373.0 +15.9 570.0 322.4 6.8 18.9 2858.5 120 Tate & Lyle 690.0 +9.4 720.6 526.0 4.2 14.7 3225.9 60 Ocado 991.4 +45.0 1146.0 462.5 - - 6922.9 113 2907.0 +19.0 3433.0 2419.0 4.6 6.9 3576.9 49 Hargreaves Lansdown 1668.5 –147.0 2270.0 1629.5 1.9 32.9 7914.0 79 Taylor Wimpey 167.8 +2.0 205.0 129.3 2.8 8.7 5499.1 55 Pearson 920.4 +19.0 1027.5 653.0 1.9 12.1 7189.0 89 Berkeley 3805.0 +26.0 4321.0 3226.0 2.4 8.0 4909.0 158 Hays 154.8 +2.3 212.0 135.7 2.1 13.7 2255.7 172 Templeton Emerging Markets 750.0 +24.0 794.0 649.0 2.0 - 1899.7 119 Pennon 768.2 +31.2 812.4 583.4 5.0 14.9 3229.8 5 BHP 1720.4 +111.0 1779.2 1373.8 4.3 18.2 87013.1 131 HICL Infrastructure 163.6 +1.0 166.0 133.5 4.9 - 2972.5 25 Tesco 222.0 –2.9 266.2 189.6 1.4 19.6 21741.6 145 Pershing Square Holdings 1172.9 +13.8 1185.1 928.2 - - 2482.7 192 952.0 +11.5 984.0 818.0 3.2 12.9 1586.7 106 Hikma Pharmaceuticals 1642.5 +115.0 2025.0 855.6 1.5 - 3965.9 178 TP Icap 318.8 –3.5 547.8 259.7 5.3 41.4 1795.9 52 Persimmon 2411.0 +19.0 2880.0 1859.5 9.8 9.4 7656.4 116 B&M European 327.0 –6.3 434.8 278.6 2.2 15.5 3271.8 103 1420.0 –50.0 1711.0 1332.0 2.0 85.0 4086.6 126 1226.5 –21.5 1475.5 970.0 3.7 13.3 3092.6 173 Petrofac 549.0 –1.0 663.4 403.9 5.3 - 1864.9 4 BP 521.5 +14.6 598.3 459.8 5.9 15.8 105659.7 123 955.0 +18.5 1041.0 705.0 2.0 32.6 3169.9 165 Tritax Big Box Reit 139.1 +3.8 155.7 129.0 4.6 6.9 2049.7 97 Phoenix Group Holdings 634.0 –10.5 714.5 496.2 7.1 61.8 4572.4 10 British American Tobacco 2710.0 +318.0 4760.0 2375.0 7.3 1.5 62161.2 127 Howden Joinery 504.4 +10.0 539.0 416.4 2.2 16.6 3070.3 61 Tui 1161.5 –52.0 1810.5 1088.0 5.0 11.1 6828.5 179 1573.0 +53.0 2040.0 1041.0 5.1 6.4 1788.2 80 British Land 571.0 –1.2 697.0 523.0 5.3 28.0 5462.6 2 HSBC 639.0 +1.0 760.8 600.8 6.1 15.6 128027.1 134 207.5 +10.6 276.0 165.1 - 15.8 2891.4 154 891.0 +26.5 891.0 661.5 3.0 20.2 2360.2 155 IG Group 635.0 –9.5 954.5 534.0 6.8 11.2 2342.2 189 Polar Capital Technology Trust 1204.0 +32.0 1386.0 1060.0 - - 1607.5 3 Unilever 4065.0 +89.5 4486.0 3695.0 3.2 21.2 106267.2 24 BT 230.0 –6.4 264.6 202.9 6.7 10.1 22822.4 141 IMI 980.5 +39.5 1303.0 870.0 4.0 18.2 2667.9 105 Polymetal International 861.0 +21.0 868.2 591.0 3.8 12.2 4041.3 152 Unite Group 905.0 +6.5 926.0 751.0 2.5 8.2 2384.8 118 BTG 835.0 +6.0 853.0 475.0 - 142.0 3233.3 23 Imperial Brands 2559.0 +139.0 2987.5 2310.0 6.9 17.9 24482.9 87 Paddy Power Betfair 6380.0 +355.0 9110.0 6010.0 3.1 24.9 5020.7 76 United Utilities 836.2 +35.4 836.2 656.0 4.8 15.5 5702.0 48 Bunzl 2434.0 +91.0 2452.0 1936.0 1.9 24.6 8188.6 149 Inchcape 582.5 +2.0 799.0 486.6 4.6 10.0 2418.1 14 Prudential 1512.5 +7.5 1954.5 1340.0 3.1 17.3 39219.8 196 Vesuvius 574.5 +21.0 662.0 473.2 3.1 25.5 1558.1 53 Burberry 1831.5 +46.0 2325.0 1498.0 2.2 23.3 7534.5 44 Informa 682.8 +7.6 859.0 605.8 3.0 20.1 8547.3 185 QinetiQ 298.9 +2.1 305.0 195.5 2.1 13.7 1697.6 169 2286.0 –70.0 3408.0 2172.0 2.4 17.8 1969.9 187 2985.0 +25.0 3005.0 2600.0 1.9 - 1639.3 184 Inmarsat 368.2 –9.7 632.2 336.4 4.1 17.1 1703.4 153 Quilter 124.2 –2.4 154.7 110.6 - - 2362.6 15 Vodafone 138.8 +1.8 219.5 135.1 9.7 - 37098.0 163 Capital & Counties Properties 250.7 +10.8 308.9 226.3 0.6 - 2133.0 47 Intercontinental Hotels 4366.0 +108.5 5227.4 4155.8 1.9 18.1 8195.8 12 Reckitt Benckiser 5874.0 +176.0 7155.0 5443.0 2.8 12.0 41558.7 107 Weir 1525.5 +51.5 2325.0 1240.0 2.9 21.1 3958.7 170 116.8 +0.2 200.2 102.2 5.8 - 1949.5 130 Intermediate Capital 1026.0 +45.0 1203.0 899.0 2.9 10.3 2979.0 160 Redrow 590.0 +18.5 647.0 460.8 3.4 6.9 2181.8 42 Whitbread 4891.0 +11.0 4965.0 3617.0 2.1 20.5 8928.7 17 Carnival 4324.0 +223.0 5000.0 3659.0 3.6 12.4 31040.9 50 Intertek 4878.0 +21.0 6014.0 4387.0 1.5 27.5 7872.8 16 Relx PLC 1701.5 +81.5 1741.5 1429.5 2.3 20.7 33444.1 198 William Hill 180.1 +7.3 336.1 151.9 7.3 - 1550.4 51 135.7 +0.6 163.6 124.1 8.8 14.4 7730.3 35 International Airlines Group 653.2 +21.2 726.6 557.0 3.7 5.3 12955.0 117 Renishaw 4456.0 +198.0 5685.0 3670.0 1.4 25.3 3243.0 177 1012.0 +16.0 1138.0 948.0 2.2 - 1796.3 112 261.0 –6.4 323.6 222.0 2.2 27.3 3578.7 161 International Public Partnerships 154.4 –0.4 161.4 138.2 4.4 18.9 2174.4 70 Rentokil Initial 340.4 +6.6 355.4 258.7 1.1 33.8 6274.7 122 Holdings 3102.0 –43.0 3797.0 2329.0 - 15.8 3182.3 159 Close Brothers 1464.0 –48.0 1660.0 1398.0 4.2 10.8 2215.3 193 Intu Properties 117.0 +5.0 220.8 106.8 12.0 - 1585.4 101 Rightmove 476.0 +3.8 535.0 418.0 1.2 28.6 4248.6 109 Wood 546.4 +12.2 796.4 489.4 1.5 - 3723.9 143 Cobham 108.4 +0.7 133.7 96.8 - 11.4 2593.0 115 494.1 +1.8 648.6 423.4 4.9 9.6 3370.4 7 4230.0 +352.0 4492.0 3486.0 5.2 8.8 72135.0 183 Workspace 950.0 +33.5 1165.0 789.5 2.9 10.9 1713.6 40 Coca Cola HBC 2635.0 +146.0 2801.0 2216.0 1.8 24.2 9640.4 83 ITV 131.8 –0.2 180.4 122.8 5.9 12.7 5303.5 128 RIT Capital Partners 1966.0 nc 2130.0 1844.0 - - 3035.6 39 WPP 877.0 +4.0 1471.0 805.0 6.8 5.9 11066.2 22 Compass 1632.0 +45.5 1709.5 1425.0 2.1 23.0 25884.1 167 IWG 224.4 –2.7 326.8 199.8 2.5 22.0 2007.5 30 Rolls-Royce 900.0 +31.2 1094.0 759.2 1.3 8.0 17061.4 137 Convatec 142.4 +2.7 239.0 133.1 3.0 15.7 2798.8 102 Jardine Lloyd Thompson 1904.0 +6.0 1904.0 1212.0 1.8 37.3 4170.5 148 278.5 +8.2 361.4 235.7 1.9 41.0 2427.5 Price/earnings ratios are based on historic data, with yield and p/e values 28 CRH 2250.0 +32.0 2857.0 1971.5 2.7 11.7 18296.5 98 JD Sports 457.3 +5.7 521.4 318.5 0.4 17.7 4450.6 18 243.9 +0.6 296.0 203.0 0.8 39.3 29386.6 calculated from the most recent reported dividends and earnings per share, 66 Croda 4942.0 +145.0 5318.0 4267.0 1.6 26.8 6505.8 181 John Laing 352.8 nc 357.2 239.9 1.6 5.8 1731.5 1 Royal Dutch Shell A 2384.0 +132.5 2748.5 2175.5 6.1 12.1 195952.1 using trailing 12-month figures. 52-week highs and lows are end of day. 144 CYBG 175.3 –20.0 364.2 174.9 0.6 - 2504.4 74 Johnson Matthey 3045.0 +34.0 3823.0 2620.0 2.6 17.6 5893.1 Royal Dutch Shell B 2384.5 +116.0 2841.0 2201.5 6.1 12.1 nc = no change Data provided by Morningstar.Any enquiries please contact: 71 DCC 6300.0 –110.0 7565.0 5555.0 2.0 23.4 6189.7 90 Just Eat 705.4 –7.6 890.0 533.8 - - 4804.1 138 Royal Mail 276.8 –27.5 631.0 260.8 8.7 30.1 2768.0 [email protected]