10 The Sunday Times March 18, 2018 BUSINESS

BRIEFING IRISH CONTINENTAL GROUP MARKET WATCH IAN COWIE

THE ISSUE THE EXPERT If this column had a mission So I have invested in a shares at £45.88, and the SHIPSHAPE FIGURES DAVID FAHY, CANTOR Two of statement, it would be: “I £1.5bn (€1.7bn) Suffolk-based Finnish lift and escalator can’t always be right but I can company at the same share engineer Kone, in which I Irish Continental Group (ICG) released After a solid 2017, which saw the share always be different.” Being price at which it traded six sold shares at €41.49 (£36.32). 2017 earnings which were received price increase by more than 25%, the out of step with the crowd can years ago. Its dividends also I also liquidated a reasonably well by the market. group has shown it maintains the those prove profitable for investors, offer an intoxicating yield of longstanding holding in Despite the rise in the cost of fuel, ambition to continue growing despite helping us to adhere to the 6.8%. BlackRock Emerging Europe top line revenues and profits grew Brexit uncertainty. fundamental aim of buying Yes, you’ve guessed it: I at 376p because about half over the year. This growth was driven Recent asset purchases will provide foaming low and selling high, or vice bought into the brewer this investment fund’s assets by volume increases from both cars the group the capability to increase versa. Eight years into a bull Greene King. Although it has are allocated to Russia and I and roll-on/roll-off freight. volumes over the coming years. market — a period of rising been quenching thirsts for no longer wish to invest there. The group detailed its plans for Management has displayed its ability prices — there aren’t many centuries, the shares had None of the stocks sold further growth with capacity in managing fixed assets through brews opportunities left to go become so unloved that I paid offers the same income as the expansion on some of its existing diligent purchases, disposals and the against the herd and invest in 490p — or 20% less than they average yield of 4.4% across routes. This summer the WB Yeats will chartering of ships. Brexit is a big sectors that others snub. cost a decade ago. Everyone my two new stakes in these commence sailing between Dublin uncertainty for the business; however show I’m However, I think I may knows pubs are closing up Pulling power: pub shares British brewers. Greene King and Cherbourg while the Jonathan the sector is generally viewed as being have found one — and better and down the country, but I might prove a wise buy looked extremely cheap, with Swift will be replaced by a larger less sensitive to economic gyrations still, it’s an opportunity to suspect that trend may be a price/earnings ratio of 6.9 — vessel. than other transport services, such “back Britain” in a business nearing its end as the duds in-home entertainment is a or much the same as its In January the group announced as airlines. drinking where I have been a happy have been shaken out and big problem for the pub trade dividend yield. that it had entered an agreement The stock currently trades at 19.47 customer for decades. demand rises for those that as a whole. This would be a good point with FSG to build a cruise ferry times estimated 2018 earnings and As regular readers will remain. While looking at this sector, to emphasise that low prices specifically for the Dublin to Holyhead with a forecast 2018 dividend yield for Britain know, international Certainly, the Greene King I noticed that my favourite and high yields can be route. Due for delivery in 2020, of 2.2%. diversification — buying houses I see in London are brewer, Fuller Smith & warnings of trouble to come. the ship will be the largest cruise foreign shares such as doing good trade. Even when Turner, was trading towards Share prices can fall without Irish Continental Group ferry in terms of vehicle capacity in Boeing, McDonald’s and excitable headlines predict the bottom of its 52-week warning and dividends may the world. 6.0 Adidas — has been one of my doom and gloom for the range, despite delivering be cut or cancelled. So, while most successful strategies economy, these places are double the profit margin and Fullers looks a relatively safe since 2014. Now, after a series packed with millennials return on investment bet, Greene King could prove 5.8 of surveys showing the UK is paying £5 or more for a pint — achieved by JD Wetherspoon. a “value trap” — a share that THE BOSS the least-loved and most- prompting the thought that The latter is much more looks tempting but turns out EAMONN ROTHWELL shunned big stock market in pubs could prove an highly rated in the City and its to be cheap for a reason. Just 5.6 the world, perhaps the pen- unexpected beneficiary of the price looks frothy. because its price has plunged Having previously served as a dulum has swung too far. fact that fewer young adults So I also pulled some doesn’t mean it can’t fall non-executive director from 1987, As discussed here before, now have mortgages to pay. Fullers at 942p a share. further. No wonder City Eamonn Rothwell was appointed chief 5.4 Brexit and the prospect of a If fully autonomous cars Although this west London cynics warn it is dangerous to executive in 1992. This tenure makes government led by ever do take over our streets, brewer is much smaller than try to catch a falling knife. him the longest-serving boss of Oct Nov Dec Jan Feb Jeremy Corbyn remain big it is possible that might Greene King, with a stock My Fullers and Greene an Irish-listed company. He previously Source: LSE areas of uncertainty. change the outlook for rural market capitalisation of about King stakes amount to about attempted to buy out ICG in a three- Market cap: €1.12bn; Share price: However, it is possible that pubs; the drink-driving laws £300m, it is seen as less risky 2.5% of my portfolio. So, even way battle with Philip Lynch’s One51 €5.87; DPS: €0.13; EPS: €0.30; Top “remoaners” including me were blamed by many and its shares are priced at 15 if my booze bender proves to and developer Liam Carroll. Rothwell shareholders: Wellington Management may prove to have been publicans in the countryside times corporate earnings. be an embarrassing example owns 15% of ICG. His past experience Group, 12.91%; Rokeby Investment, excessively pessimistic about for putting them out of The dividend yield is 2%. of premature speculation, it includes stints with NCB Stockbrokers, 9.34%; Ameriprise Financial, 6.95%; the long-term effect on some business. Against that, I raised the money by shouldn’t leave me with too AIB and Bord Failte Eireann. He Eamonn Rothwell, 6.02%; Marathon British shares if Britain leaves substantial corporate debt taking profits from much of a headache. trained as a chartered accountant. Asset Management, 5.88% the EU as scheduled next remains a worry for Greene InterContinental Hotels [email protected] March. King, while competition from Group, in which I sold some or @iancowie

ISEQ FTSE 100 51 60.37 0.75% 0.83% H:7,257.41 H:7,792.6 DATABANK 6,693.94 L:6,469.04 7,164.14 L:7,062.1 IRISH SHARES THE WEEK IN THE MARKETS THE ECONOMY

Consumer price index current rate annual change ISEQ RISERS DOLLAR Great Western Mining: 1c, U 9.1% EUR > USD 32 Abbey 14.9 +1.36 15 13.6 1.32 8.47 319.5 34 (£) 2.45 –6.49 3.52 2.37 0 5.86 268.5 : €5.90, U 7.3% U0.9% U0.5% 7,200 First Derivatives: €42.80, 4.4% U Residential property price index current rate annual change 4 AIB Group 4.94 –2.29 9.5 4.4 3.23 13.75 13419.9 3 78.55 –4.15 94.92 72.82 0.9 22.24 13839.6 $1.22 40 Aminex 0.03 –3.33 0.08 0.03 – – 105.7 9 34.04 –3.51 39.9 27.71 1.25 18.41 6110.8 7,000 V 0.01 FALLERS U0.9% U12.5% 12-month high: $1.25 44 Amryt Pharma (£) 0.19 –1.95 0.3 0.17 0 – 51.9 41 Mainstay Medical International 15.6 +0 16.2 12.7 – – 103.3 6,800 Greencore Group: £1.33, V 27.3% low: $1.05 Vehicles licensed for the first time Feb 2018 annual change Ormonde Mining: 2c, V 9.8% 28 Applegreen 5.9 +7.27 6.2 4.5 0.32 21.62 540.2 31 Malin Corporation 7.75 –4.32 12.71 7.15 – – 352.9 6,600 Providence Resources: 11c, V 9.5% POUND 20,782 Z1.6% 14 19.09 –3.24 33.48 18.38 0.92 15.26 1715.6 35 Mincon Group 1.2 +1.69 1.29 0.81 1.67 19.42 252.6 EUR > GBP Average earnings a week prev. quarter qoq change 6,400 6 7.3 +0.62 8.25 6.18 3.09 11.08 7839.4 26 5.58 –2.96 7.58 5.4 3.76 11.24 700.7 €726 €723 U0.4% 24 C&C Group 2.76 –2.13 3.9 2.72 5.74 11.49 852.4 J FDNOSAJJMAM £0.88 46 Ormonde Mining 0.02 –9.8 0.04 0.01 – – 10.9 Source: Bloomberg W 0.00 Unemployment on last month annual change 15 (£) 1.87 +2.4 2 0.02 0.41 26.68 1427.4 48 Ovoca Gold 0.1 +0 0.16 0.08 – – 8.2 12-month high: £0.92 low: £0.83 38 CPL Resources 6.4 +0 6.75 5.8 2.14 10.36 173.9 141,600/6% Z3,400 Z39,749 7 Paddy Power Betfair (£) 76.65 –2.79 89.67 65.72 2.87 17.76 6485.1 DOW JONES CAC 40 1 CRH 28.43 +3.31 34.87 26.53 2.51 14.11 23850.5 25,335.74 5,282.75 YEN Manufacturing output current rate annual change 23 Permanent TSB Group 1.98 –2.46 2.96 1.64 0 11.84 900.3 8.35 H:5,567.0 YEN > USD 16 6.42 +0.31 6.5 4.35 0.47 15.66 1179.2 797.68 H:26,616.7 U3.0% U3.0% 47 Petroneft Resources (£) 0.01 +0 0.03 0.01 0 – 9.9 3.25% L:20,379.6 0.16% L:4,953.6 36 Datalex 3 –3.23 4.15 2.82 1.97 32.91 231.4 Retail sales current rate annual change 43 Providence Resources 0.11 –9.54 0.24 0.05 – – 65.7 ¥106.00 8 DCC (£) 69.3 +1.39 77.63 64.9 1.96 18.93 6183.1 NASDAQ DAX V 0.77 Z0.6% U1.3% 2 Holdings 16.4 +1.23 19.79 13.98 0 12.9 19264.1 7,560.81 12,389.58 12-month high: ¥114.72 42 Donegal Investment Group 8.7 +0 9.2 5.4 0 19.91 83.2 low: ¥105.23 Irish trade latest month prev. month annual change 5 Group 36.1 +0.28 36.4 22.82 2.57 15.17 8562.1 302.94 H:7,560.8 42.90 H:13,596.9 30 FBD Holdings 12.55 –0.4 13 7.65 1.68 12.12 435.1 balance (€bn) 22 2.35 –2.89 2.57 1.91 1.4 18.16 911.4 4.17% L:5,769.4 0.35% L:11,831.0 OIL €5.51bn €3.77bn Z4.1% 18 First Derivatives 42.8 +4.39 51.8 28 0.64 50.85 1097.4 DOLLARS/BARREL 11 Tullow Oil (£) 1.83 –4.21 2.43 1.42 0 13.12 2542.1 Gross domestic Q4 2017 Q3 2017 annual change 45 GAN (£) 0.28 +0 0.38 0.15 0 64.42 19.3 S&P 500 FTSE EUROFIRST product 12 UDG Healthcare (£) 8.58 –3.49 9.63 6.9 1.29 25.25 2131.6 2,786.57 1,478.16 U3.2% U4.2% U8.4% 10 14.2 –4.05 19.6 13.23 1.72 16.46 4203.9 $66.21 1.22 H:1,588.0 U 0.72 latest month prev. month of GDP 2016 50 Zamano 0.04 +0 0.07 0.03 – – 3.98 95.32 H:2,872.9 Budget surplus 25 Glenveagh Properties 1.11 –1.25 1.26 1.1 0 138.01 741.8 3.54% L:2,322.3 0.08% L:1,434.0 12-month high: $71.28 low: $44.35 €217m €1.53bn 0.9% 13 Grafton Group (£) 8.09 –0.68 8.51 6.42 2.11 13.62 1920.5 NIKKEI SENSEX 49 Great Western Mining 0.01 +9.09 0.03 0 – – 7.1 GOLD 21,676.51 33,176.00 DOLLARS/TROY OZ 19 Green REIT 1.51 –4.56 1.64 1.32 3.99 21.09 1047.1 207.31 H:24,129.3 131.14 H:36,444.0 33 plc 1.06 +0.47 1.1 1.02 – – 286.2 AIM IRISH COMPANIES 0.97% L:18,224.7 0.39% L:29,137.5 $1,314.49 10-YEAR BOND YIELDS % 21 Greencore Group (£) 1.33 –27.32 2.63 1.2 4.19 8.72 942.5 V 7.37 HANG SENG ALL ORDS 12-month high: $1,359.26 20 Hibernia REIT 1.44 –2.57 1.57 1.22 2.87 29.65 995.6 low: $1,210.29 variation 12 months 31,501.97 6,054.90 high low 29 Hostelworld 4.7 +0.86 4.76 2.42 – – 449.2 505.76 H:33,484.1 14.20 H:6,256.5 BITCOIN 1 Connemara Mining Co 0.04 +0.65 0.06 0.01 – – 4.4 IRELAND 1.00 ▼ 0.06 1.19 0.47 37 IFG Group (£) 1.82 –0.27 1.9 1.27 3.1 15.95 191.8 1.63% L:23,723.9 0.23% L:5,670.7 DOLLARS 2 Petrel Resources 0.03 +0 0.05 0.01 – – 3 39 Independent News & Media 0.1 –2.94 0.14 0.09 0 6.81 137.3 SHANGHAI S&P TSX UK 1.43 ▼ 0.06 1.79 0.72 3 Conroy Gold & Natural Resources 0.21 –2.38 0.47 0.11 – – 89.7 $8280.88 17 Irish Continental Group 5.94 +1.19 6.03 4.87 2.18 19.27 1128.6 3,269.88 15,577.81 V 1,109.34 US 2.85 ▼ 0.05 2.96 2.02 27 Irish Residential Properties REIT 1.43 –0.69 1.6 1.17 3.97 13.55 596.7 4 Karelian Diamond Resources 0.05 –0.93 0.16 0.05 – – 1.3 37.28 H:3,587.0 193.22 H:16,421.4 12-month high: $19,497.4 low: $919.5 1.13% L:3,016.5 1.26% L:14,785.8 Price as of 11am Saturday GERMANY 0.57 ▼ 0.08 0.80 0.16

BRITAIN’S TOP 150 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) 49 3i Group 907.2 –15.2 969.5 700.5 2.9 - 8911.5 174 Dixons Carphone 189.0 +0.7 342.0 149.1 - 8.9 2179.7 33 Legal & General 262.4 –0.1 276.8 245.0 5.6 8.6 15635.5 89 Sainsbury, J 236.1 –6.9 281.7 224.8 4.3 24.6 5169.8 85 Admiral 1891.0 –23.0 2178.0 1784.0 2.7 23.7 5385.2 68 EasyJet 1658.5 +95.5 1696.0 985.0 3.2 21.6 6587.7 12 Lloyds Banking Group 67.5 +0.2 73.1 62.2 4.0 14.1 48647.4 48 Schroders 3410.0 +6.0 3773.0 3030.0 2.7 17.9 9048.0 185 Aggreko 760.4 +43.2 983.0 695.4 3.6 16.1 1947.6 157 Electrocomponents 593.6 –24.6 709.0 471.2 2.1 24.7 2621.1 36 London Stock Exchange 3996.0 +60.0 4085.0 3014.0 1.1 47.1 13857.5 69 Scottish Mortgage 470.0 –3.6 477.8 352.2 0.6 - 6558.2 162 Alliance Trust 738.0 –1.0 769.0 667.0 1.8 - 2518.0 79 Evraz 420.9 –16.1 455.1 173.2 5.2 11.9 6027.5 147 Man 173.9 +1.5 217.7 142.3 4.1 15.4 2823.4 76 Segro 608.4 +9.4 609.4 452.5 2.7 6.2 6074.3 23 Anglo American 1769.4 +17.2 1843.6 959.4 2.0 9.8 24853.3 35 Experian 1605.0 +24.5 1705.0 1446.0 1.9 26.0 14757.1 97 Marks & Spencer 275.9 –1.8 395.5 275.9 6.8 24.2 4482.7 103 Severn Trent 1775.0 –51.0 2553.0 1703.0 4.6 14.4 4190.0 45 Antofagasta 967.6 +73.2 1061.0 751.0 1.5 38.4 9539.2 37 Ferguson 5264.0 –54.0 5702.0 4460.0 2.0 15.0 13322.0 98 Mediclinic International 601.8 –15.6 887.0 507.5 1.3 64.7 4435.3 140 Shaftesbury 960.0 –23.5 1055.0 900.0 1.6 8.9 2946.1 200 Ascential 421.0 +17.6 421.0 309.1 1.1 45.8 1686.3 190 Ferrexpo 313.0 +20.0 323.2 137.2 0.8 7.3 1842.4 117 Meggitt 452.0 –11.0 526.0 437.1 3.3 12.1 3506.4 19 Shire 3205.5 +13.0 4852.0 2992.0 0.7 9.3 29097.6 148 Ashmore 389.2 –5.8 433.2 332.3 4.3 18.5 2774.0 115 Foreign & Colonial 651.0 –1.0 672.0 555.5 1.6 - 3518.8 101 Melrose 224.2 –0.5 261.2 198.8 1.0 - 4352.2 26 Sky 1309.5 –28.5 1373.5 900.0 - 27.7 22510.5 43 Ashtead 1994.5 –15.5 2152.0 1542.0 1.4 10.1 9957.1 50 Fresnillo 1203.5 –35.0 1725.0 1189.5 1.9 20.3 8868.5 199 Mercantile Investment Trust 2125.0 –15.0 2210.0 1796.0 2.4 - 1712.7 88 Smith (DS) 495.5 –14.7 558.5 418.8 3.1 24.4 5288.0 29 Associated British Foods 2510.0 –97.0 3371.0 2484.0 1.5 16.6 19871.0 108 G4S 251.2 –11.0 341.1 248.8 3.8 13.6 3897.6 114 Merlin Entertainments 358.3 –14.8 537.0 318.4 2.0 17.3 3639.6 41 Smith & Nephew 1329.0 –2.0 1431.0 1215.0 1.7 20.5 11625.0 6 Astra Zeneca 4867.0 +81.5 5508.0 4325.0 4.2 27.8 61638.1 60 GKN 426.9 –8.2 447.6 294.3 2.1 14.7 7331.6 130 Metro Bank 4018.0 nc 4040.0 3242.0 - 318.9 3230.2 73 Smiths 1591.0 –19.0 1685.0 1444.0 2.7 11.2 6292.0 124 Auto Trader 350.4 –41.5 435.9 319.0 1.5 21.0 3343.5 5 Glaxo Smith Kline 1323.4 –12.6 1722.0 1242.8 6.1 28.0 65082.9 53 Micro Focus International 1884.5 –138.5 2739.0 1884.5 3.8 36.6 8199.0 172 Smith WH 1984.0 –54.0 2347.0 1664.0 2.3 19.1 2185.6 132 Aveva 1951.0 –109.0 3054.0 1803.0 2.0 59.1 3145.1 8 Glencore 385.5 +15.7 415.0 276.6 1.3 13.0 55607.4 188 Millennium & Copthorne Hotels 575.0 +27.0 625.5 431.9 1.4 16.8 1867.3 57 Smurfit Kappa 3158.0 –62.0 3220.0 1962.0 2.2 21.4 7478.8 27 Aviva 517.8 –1.6 542.0 486.5 4.2 34.3 20780.6 186 Grafton Group Units 818.0 +3.5 841.0 652.0 1.7 15.2 1941.8 63 Mondi 1949.0 –35.5 2130.0 1693.0 2.6 17.2 7157.5 165 Sophos 497.4 –32.6 669.5 271.0 0.7 - 2292.4 120 Babcock International 684.2 +10.8 969.5 626.2 4.1 10.7 3459.3 171 Great Portland Estates 669.5 –0.5 739.0 587.5 1.5 - 2187.5 196 Monks Investment Trust 810.0 +3.0 825.0 617.5 0.2 - 1738.0 131 Spectris 2701.0 +68.0 2834.0 2229.0 1.9 290.4 3220.0 30 BAE Systems 585.0 –16.8 677.0 535.5 3.6 17.6 18626.3 144 GVC Holdings 955.0 +9.5 982.0 708.0 - - 2871.4 94 Morrison Supermarkets 211.0 –16.9 252.9 207.0 2.6 14.0 4928.3 99 Spirax-Sarco 5990.0 +210.0 6090.0 4703.0 1.3 33.9 4405.1 183 Balfour Beatty 287.6 +10.6 307.6 253.5 0.9 87.2 1983.7 96 Halma 1192.0 –20.0 1330.0 959.5 1.1 32.5 4519.9 180 National Express 392.8 +4.6 395.2 340.9 3.1 17.1 2010.1 181 Sports Direct International 371.3 +4.3 419.5 284.5 - 13.3 2006.2 15 Barclays 209.5 –1.2 230.4 178.9 1.4 61.6 35748.6 119 Hammerson 437.1 –18.3 609.5 434.4 5.6 8.9 3471.6 20 National Grid 780.7 –3.0 1157.5 736.8 5.8 15.7 26247.2 39 SSE 1239.0 –18.0 1551.0 1182.0 7.4 9.2 12576.6 142 SSP 609.5 –17.0 687.5 404.0 1.0 31.7 2896.5 87 Barratt Developments 527.2 –21.4 700.0 527.2 4.6 8.5 5308.9 52 Hargreaves Lansdown 1734.5 +14.0 1928.0 1266.0 1.7 36.8 8227.1 125 Nex Group 874.0 +197.5 874.0 558.0 4.4 47.5 3318.9 123 BBA Aviation 326.2 –12.6 368.8 292.5 3.0 22.4 3365.6 195 Hastings 265.4 –7.6 325.0 249.9 3.7 18.7 1745.5 22 Standard Chartered 767.4 –11.5 849.2 685.9 - 44.5 25299.5 65 Next 4759.0 –13.0 5320.0 3617.0 3.3 11.1 6998.4 145 Beazley 541.0 –33.0 574.5 425.0 1.9 30.0 2844.1 150 Hays 190.4 –1.5 205.0 155.9 1.7 18.4 2762.0 78 St James’s Place Capital 1141.5 –11.5 1270.5 1030.0 2.9 48.2 6033.9 64 NMC Health 3448.0 –66.0 3524.0 1744.0 0.3 56.1 7043.8 111 Bellway 3048.0 –143.0 3792.0 2687.0 3.7 8.3 3742.9 160 HICL Infrastructure 142.7 +0.5 174.6 141.1 5.5 - 2547.4 42 Standard Life Aberdeen 375.1 +4.7 446.3 360.0 5.4 12.7 11168.1 113 Ocado 585.8 –8.2 597.6 238.5 - 3661.2 3698.9 93 Berkeley 3713.0 –143.0 4240.0 3087.0 3.7 6.8 5022.4 155 Hikma Pharmaceuticals 1121.5 +223.1 2168.0 855.6 2.3 21.0 2699.2 159 Tate & Lyle 549.6 –13.4 795.0 542.8 5.1 10.3 2559.5 40 Old Mutual 249.0 –7.5 257.8 188.0 2.8 31.5 12282.6 18 BHP Billiton 1443.2 +7.4 1660.0 1117.0 4.3 22.2 30480.4 104 Hiscox 1456.0 –54.0 1525.0 1082.0 2.0 161.8 4178.4 80 Taylor Wimpey 184.1 –4.0 211.2 174.9 1.5 11.2 6025.3 198 Page Group 526.5 –0.5 560.0 421.3 2.3 20.7 1719.5 106 B&M European 414.3 –9.5 434.8 299.3 1.4 27.1 4143.0 166 Homeserve 733.0 –10.5 867.0 545.0 2.1 31.5 2277.5 179 Templeton Emerging Markets 773.0 –8.0 825.0 643.0 1.1 - 2110.4 75 Pearson 775.8 +24.4 775.8 566.5 6.7 - 6079.2 193 Bodycote 937.5 –8.5 1006.0 739.5 1.7 23.1 1794.9 136 Howden Joinery 476.3 –19.9 501.2 399.5 2.3 16.0 2997.9 31 Tesco 209.8 –2.9 214.4 166.5 - 37.5 17177.8 161 Pennon 605.6 –33.6 944.0 605.6 5.9 13.9 2522.0 4 BP 473.8 –4.4 534.8 439.8 6.3 32.3 94421.5 2 HSBC 707.3 +1.5 796.0 620.8 5.3 19.9 141430.6 189 Thomas Cook 120.0 –2.1 129.5 84.1 0.4 150.0 1843.0 176 Pershing Square 920.0 –9.0 1250.0 912.0 - - 2158.8 3 British American Tobacco 4183.5 –90.0 5643.0 4166.0 4.1 18.4 95954.4 137 IG Group 814.5 +11.0 824.5 491.9 4.0 15.5 2996.5 154 TP Icap 487.2 –59.4 553.6 444.8 3.5 30.8 2699.7 55 Persimmon 2527.0 –70.0 2890.0 2083.0 5.3 11.3 7805.8 70 British Land 632.0 –5.6 691.5 590.5 4.7 10.9 6508.4 134 IMI 1130.0 –11.0 1443.0 1103.0 3.4 20.3 3073.3 129 Travis Perkins 1283.0 –36.5 1696.0 1273.0 3.5 427.7 3234.3 135 Phoenix Group Holdings 781.0 –16.5 815.0 724.0 6.0 - 3068.2 192 Britvic 691.0 –25.5 820.0 636.0 3.6 16.4 1821.8 24 Imperial Brands 2454.5 –137.5 3933.5 2454.5 6.5 16.7 23409.5 47 Tui 1545.5 +13.5 1640.5 1068.0 3.6 12.6 9072.7 164 Playtech 758.0 –34.0 1016.0 749.2 3.8 12.2 2405.5 25 BT 227.9 –11.6 334.4 224.9 6.3 14.1 22607.1 143 Inchcape 689.5 –3.5 880.5 674.5 3.6 10.8 2875.7 158 Tullow Oil 186.9 –4.2 238.9 145.6 - - 2594.9 128 Polymetal International 754.0 –31.0 1095.0 740.6 2.7 11.9 3243.1 156 BTG 682.5 +2.5 779.0 565.0 - 35.9 2632.7 141 Indivior 403.0 +1.0 419.5 267.6 - 47.6 2907.5 112 UBM 949.5 +19.5 949.5 645.0 2.3 27.3 3741.9 67 Bunzl 2045.0 +5.0 2465.0 1936.0 2.0 23.8 6869.9 81 Informa 729.6 +21.8 761.0 629.5 2.7 29.2 6011.9 71 Paddy Power Betfair 7635.0 –250.0 8900.0 6665.0 2.0 47.0 6430.6 177 UDG Healthcare 857.0 –32.0 959.0 694.0 1.1 39.9 2128.2 61 Burberry 1669.0 +1.5 1985.0 1498.0 2.3 23.8 7316.6 191 Inmarsat 400.6 –32.1 850.5 386.7 10.2 11.4 1826.9 11 Prudential 1913.5 +67.0 1981.0 1613.0 2.3 17.9 49507.7 13 Unilever 3787.0 –107.5 4548.5 3710.5 3.3 19.8 46647.0 169 Capital & Counties Properties 265.0 –5.6 324.8 253.1 0.6 91.4 2246.6 51 Intercontinental Hotels 4510.0 –80.0 4928.0 3668.0 1.6 20.0 8568.6 84 Randgold Resources 5964.0 –70.0 8190.0 5766.0 1.2 27.0 5605.9 197 Unite Group 768.5 –26.5 813.0 622.0 2.3 8.9 1724.8 44 Carnival 4698.0 –40.0 5380.0 4475.0 1.8 17.7 9764.6 138 Intermediate Capital 1029.0 –22.0 1178.0 700.5 2.5 13.8 2987.2 14 Reckitt Benckiser 5675.0 –135.0 8108.0 5624.0 2.7 19.0 39892.1 95 United Utilities 694.4 –8.2 1056.0 659.0 5.6 11.1 4735.1 194 Centamin 154.3 +2.8 190.5 131.8 7.7 22.1 1777.7 54 Intertek 4953.0 –99.0 5425.0 3871.0 1.3 29.3 7993.7 170 Redrow 592.0 –16.5 664.5 493.3 2.9 7.5 2189.2 173 Vedanta Resources 787.2 +35.2 954.0 575.0 5.2 - 2181.3 56 Centrica 138.4 –3.5 219.5 124.1 8.7 13.8 7599.3 38 International Airlines Group 631.8 +7.8 670.0 523.5 3.5 7.7 12939.6 17 Relx 1485.5 –27.0 1782.0 1455.0 2.5 18.2 30707.9 178 Victrex 2480.0 –96.0 2730.0 1832.0 1.9 21.3 2128.0 122 Cineworld 247.4 +7.8 247.4 97.9 3.4 15.5 3388.5 182 International Public Partnerships 147.4 +0.8 166.6 146.0 4.5 13.5 1989.6 118 Renishaw 4782.0 –128.0 5775.0 3050.0 1.1 25.3 3480.8 9 Vodafone 201.5 –5.5 238.0 198.8 6.5 - 53747.7 167 Close Brothers 1496.0 –83.0 1715.0 1316.0 4.0 11.4 2265.3 149 Intu Properties 204.0 –7.9 289.0 194.7 6.9 12.1 2764.3 92 Rentokil Initial 276.5 +4.1 335.8 239.2 1.2 7.5 5080.2 102 Weir 1962.0 –40.0 2305.0 1727.0 2.2 65.8 4282.1 133 Cobham 129.2 –4.5 148.0 113.4 1.4 - 3089.2 107 Investec 597.2 –47.8 648.6 461.4 3.8 12.4 3981.1 109 Rightmove 4193.0 –107.0 4573.0 3889.0 1.2 29.0 3815.2 66 Whitbread 3811.0 –121.0 4307.0 3512.0 2.5 14.8 6989.2 46 Coca Cola HBC 2531.0 +13.0 2671.0 1991.0 1.5 26.7 9309.1 83 ITV 147.6 –5.6 219.6 146.9 4.9 14.6 5941.5 10 Rio Tinto 3735.0 +8.5 4172.5 2910.0 4.6 10.4 50094.5 151 William Hill 320.5 –11.2 338.0 240.0 4.0 - 2752.7 21 Compass 1540.0 –11.5 1757.6 1425.0 2.2 21.6 25326.7 175 IWG 237.5 –8.6 365.2 190.9 2.2 19.3 2162.4 139 RIT Capital Partners 1918.0 –12.0 2005.0 1815.0 - - 2967.2 187 Witan Investment Trust 1054.0 nc 1108.0 944.0 2.1 - 1871.8 110 Convatec 195.5 –12.0 344.0 182.0 0.5 33.1 3815.1 146 Jardine Lloyd Thompson 1296.0 +6.0 1448.0 1096.0 2.5 24.0 2838.7 32 Rolls-Royce 901.6 –24.2 981.0 743.0 0.5 - 16590.7 184 Wizz Air Holdings 3437.0 –7.0 3716.0 1615.0 - 21.0 1975.5 28 CRH 2484.0 +39.0 2920.0 2380.0 2.3 13.2 20773.3 116 JD Sports 361.2 –24.7 456.0 303.3 0.4 17.6 3515.3 163 Rotork 278.9 –4.2 304.2 223.5 1.8 32.1 2426.9 100 Wood 647.0 –9.6 828.5 560.0 4.0 - 4384.6 82 Croda 4548.0 –84.0 4655.0 3483.0 1.6 28.1 5975.7 77 Johnson Matthey 3138.0 –112.0 3503.0 2727.0 2.4 16.0 6073.1 16 Royal Bank Of Scotland 260.6 –1.2 302.4 224.7 - - 31183.4 34 WPP 1169.0 –35.5 1754.0 1155.5 4.8 8.6 14836.2 153 CYBG 305.6 –9.8 340.3 260.0 - 17.8 2703.4 168 Jupiter Fund Management 491.2 –13.6 631.4 420.2 3.5 14.6 2248.2 1 Royal Dutch Shell A 2213.5 –48.0 2573.5 1992.5 6.4 22.8 185974.9 74 DCC 6940.0 +105.0 7755.0 6515.0 1.6 30.6 6190.5 91 Just Eat 749.6 –38.8 890.0 556.5 - 60.9 5092.1 Royal Dutch Shell B 2248.5 –39.0 2609.0 2052.5 6.2 23.2 Price/earnings ratios are based on historic data, with yield and p/e values 152 Dechra Pharmaceuticals 2664.0 +114.0 2690.0 1624.0 0.8 58.0 2724.7 105 Kaz Minerals 930.6 +37.6 965.8 430.5 - 18.6 4157.2 90 Royal Mail 516.0 –50.6 570.0 369.9 4.5 14.4 5160.0 calculated from the most recent reported dividends and earnings per share, 121 Derwent London 3054.0 +29.0 3118.0 2580.0 1.7 32.0 3404.4 59 Kingfisher 343.4 –7.3 368.1 288.0 3.0 13.1 7423.9 126 RPC 811.6 –20.2 993.0 720.5 3.0 15.9 3310.6 using trailing 12-month figures. 52-week highs and lows are end of day. 7 Diageo 2436.0 –10.5 2725.0 2201.5 2.5 19.1 60535.7 127 Ladbrokes Coral 170.4 +2.7 188.0 111.3 1.8 - 3266.1 72 RSA Insurance 628.6 –6.6 666.5 570.5 2.5 56.1 6428.0 nc = no change Data provided by Morningstar.Any enquiries please contact: 86 Direct Line Insurance 388.3 –2.1 411.3 334.4 3.8 16.7 5339.1 62 Land Securities 906.8 –10.3 1208.5 906.8 4.6 39.3 7170.5 58 Sage 687.0 –8.8 821.4 615.5 2.1 28.9 7425.6 [email protected]