DATABANK INSIDE the CITY JOHN COLLINGRIDGE the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev

10 The Sunday Times June 17, 2018 BUSINESS

Oliver Shah LETTERS

emerged as an adviser to joke about Sorrell’s name. Send your letters, including on the NHS has increased by level of critical intervention. From The Body to The Nobody chairman Roberto Quarta In some Scandinavian SIGNALS full name and address, almost 12 times! (“The NHS: At the Bristol SETsquared during the investigation into countries, he said, Sorrell AND NOISE . . . to: The Sunday Times, 70 years old and counting . . . Centre, we can leverage the Elle Macpherson was the star wear accountants meekly Sorrell’s misdemeanours, meant “kind, compassionate 1 London Bridge Street, the cash”, last week). This strengths of working with a attraction at the EY World asked Macpherson for a which allegedly included a and generous”. Rudd London SE1 9GF. Or email pattern is unlikely to change world-leading university. A Entrepreneur of the Year selfie. Stay classy, guys. visit to a Mayfair brothel on paused, before adding that in [email protected] because everyone assumes crucial thread of this support event in Monaco last week — company money (a claim another language, Martin Letters may be edited the NHS is a religion. is a critical culture, to which but it seemed that not Sorrell vigorously denies). meant “not very”. The only way to slay this Mr Johnson alludes. Our everybody got the memo. EY gloating Rudd, 57, and Sorrell, 73, With exporters like these, sacred cow is to lay out its entrepreneurs-in-residence, The supermodel-turned have sometimes had an edgy who needs the EU? genetic faults. A service all with exits behind them, businesswoman, 54, was in Monaco relationship. In June 2001, Gavin puts on I read your International perceived to be “free” may continually challenge seen walking into a plush Still in Monaco, an EY boss shortly after WPP bought Track 200 section last week not be valued and may have entrepreneurs to make sure reception at Opéra de Monte- was heard to boast that his Finsbury and made Rudd a a brave face with a growing sense of unlimited demand. If there that not only are they doing Carlo — only to be asked for company was the only one of millionaire, the PR man Whereas Sorrell cancelled an optimism and pride. are no penalties when a the right thing, but also that her conference accreditation the big four accountants not threw a 40th birthday party appearance at London Tech I have heard that the EU’s monopoly overspends, you they learn the techniques for by a burly security guard. to be facing a fine for at Syon Park in west London. week, fellow defenestrated Brexit negotiators base much have a driverless train, doors being self-critical. After a few stunned looks, allegedly shoddy practices. There were five marquees boss Gavin Patterson still of their thinking on reports in wide open, careering to an Even after accepting only a the woman known as The Perhaps the brag was with young women painted gave the headline speech at the UK media. If so, this unknown destination. fifth of the early-stage Body was ushered through. prompted by the presence in gold and silver standing on the snappily-named feature should do us no harm Concerned taxpayer, companies that apply to There was more ignominy of a certain superyacht in plinths like statues, but the TechXLR8 in east London. Spending £250,000 on two at all. The achievements of Berkhamsted Bristol SETsquared, our level to come. At a rooftop drinks Monaco’s marina. Lionheart, most talked-about moment The luxuriantly coiffed BT London garages with no these fast-growing exporters of critical honesty leads 27% party later, a few worse-for- the £100m vessel owned by came when Rudd cracked a chief Patterson, 50, was planning permission was a tell us that, when left to get on Without criticism, nothing of members to stop before Sir Philip Green, 66, was booked to talk about how BT risk that paid off for one with things, they can will grow in incubators they start trading or take moored in the harbour on is helping Britain towards its savvy buyer compete with the best. I was delighted to read Luke investment. Out of those that JUST SAYING . . . Thursday evening. FUNNY BUSINESS “digital future”. Awkward. With exports growing at an Johnson’s column on the go on to graduate from our EY’s arch rival PwC was HOME, PAGE 16 average 62%, sales at £22.8bn subject of incubators (“Do programme, only 3% have fined £6.5m last week for and 106,000 people on the incubators just encourage gone bust since 2005. We’re failing to sound alarm bells in Cuddly King’s collective payroll, they need playing at being We don’t take any stake in the run-up to Green’s sale of TWITTER POLL no political meddling to win entrepreneurs?”, last week). the businesses. We believe watching BHS for £1 to former bankrupt shining example business overseas. They I agree that buildings full this allows us to be even more to see Dominic Chappell three years Mervyn King’s journey to Yes No instinctively understand that, of twentysomethings objectively critical in a ago. EY’s top brass were in national treasure status despite what politicians told pretending to invent a new trusted environment. what jubilant mood. What’s that continues apace. In a special us for years, we don’t have social network for cats, with In fact, companies coming Martin saying about pride? issue of Country Life called 36% 64% “partners” in Europe, we free beer on tap and funky through the Bristol The Best of Britain, the have competitors. music, is attractive, even SETsquared Centre raised will do former Bank of England This report reminds us beneficial, to some, but they £130m of investment in 2017, Sorrell, Rudd governor is pictured in the what can be achieved. I know are unlikely to be the source reflecting the strength of the gardens of his Kent oast it is simplistic — but since of stellar companies. Bristol and Bath tech cluster. and mud house. King, 70, reflects that when did buying and selling The word incubator is used More investment was raised City PR supremo Roland “the most valuable thing I have to be complicated? in lots of different scenarios. here last year, per head of Rudd and fallen ad man Sir have done” was not at the Tony Haynes, Cheltenham Some are just offices (some population, than in London. Martin Sorrell have ended up Bank, but in helping set up Would you be comfortable with labs) for companies in I agree with Mr Johnson WPP chairman Roberto on opposing sides in the the Chance to Shine charity buying a phone from Time to slay the sacred cow the same sector to co-locate; that cowgirls and cowboys Quarta reacting to battle over Sorrell’s to get cricket back into state Carphone Warehouse after that is Britain’s NHS some are simply shared desk- have more fun, but they are questions about former humiliating exit from WPP. schools. It’s a cuddly side Dixons Carphone admitted David Smith serves us well. spaces. But there are those, always more effective when chief executive Sir Martin Rudd, whose Finsbury some bankers he dealt with a huge data breach? He shows that, while the UK such as the SETsquared they are taught how to ride. Sorrell’s new venture agency is owned by WPP, might struggle to recognise. @ST_Business population has increased partnership across southern Emma Thorn, director, from 50m to 65m, spending England, which have a high Bristol SETsquared Centre DATABANK INSIDE THE CITY JOHN COLLINGRIDGE THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 FTSE 100 DOLLAR 2.4% 2.4% clunky systems. It stocked week to pore over the data. USD > GBP Speedy about 5,000 product lines, Speedy’s share price has 7,800 CPI including housing current rate prev. month often with little to distinguish responded by rising strongly 7,600 $1.33 2.3% 2.2% between them. from the depths it plumbed in V 0.01 Retail prices index current rate prev. month finds the In a business whose 2016, ending last week at 12-month high: $1.44 7,400 low: $1.26 success is measured on 62.2p, valuing it at £326m. 3.3% 3.4% EURO tools for sending its £200m of assets There is more to come. 7,633.91 7,200 Average weekly earnings on prev. month on last year out on hire for as much time Debt has been shrunk to 47.16 H:7,903.5 EUR > GBP as possible, it was deeply £69.4m, just below its 0.61% L:6,866.9 7,000 £516 U0.2% U2.5% Unemployment current rate prev. month the job inefficient. underlying earnings of £73m. 6,800 €1.14 Down has pared back that That’s a happy place to be, FTSE 250 U 0.01 J J A S O N D J F M A M 12-month high: €1.16 1.42m 4.2% 4.2% Three years is a long time in stock to about 3,500 lines. and gives Speedy scope to use low: €1.07 the world of tool hire. Rewind Why offer ten types of ladder more of its £180m of banking Source: Thomson Reuters Manufacturing output on the year on last month YEN to 2015 and Speedy Hire, the when three will do? Stocking facilities, taking debt up to a RISERS FALLERS YEN > USD U1.4% V1.4% Liverpool-based supplier of one type of drill, rather than still-comfortable level of 1.5 Petra Diamonds: 67.3p, U 22.5% Connect: 31.5p, V 41.1% on low sales Indivior: 360.5p, V 26.4% on rival drug Retail sales on the year on last month power drills and cherry four, means maintenance is times earnings. on rights issue Oxford Instruments: £10.74, U 17.8% on returning to profit approval Alfa Financial Software: ¥110.64 pickers, was on the ropes. simpler and cheaper. It is likely to spend that on Norcros: 227p, U 16.4% on growing 185.8p, V 11.9% on continuing woes U3.9% U1.3% 21,005.52 U 1.11 Domino’s: 41.8p, V 11.4% on boardroom The discovery of That approach has paid buying more services 155.02 H:21,371.5 sales The Gym Group: 287.5p, U 14.5% 12-month high: ¥114.72 on buying more gyms Rolls-Royce: fall-outs Kaz Minerals: 903.6p, V 10.8% low: ¥104.55 accounting irregularities in its dividends. Asset utilisation is businesses, such as the 0.73% L:19,091.1 950p, U 13.7% on job cuts on deepening troubles UK trade latest 3 mths prev. 3 mths latest 12 mths Middle East operations in late up to 55.4% from 44% when Lloyds testing company it OIL balance (£bn) -9.7 -7.8 -30.8 2013 had triggered a Down took over. The business bought in 2016. DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change downward spiral. Two chief is more responsive to changes While their profit margins 25,090.48 30,309.49 1,521.08 product executives were forced out in sentiment and demand are less generous, services $73.44 U0.1% U0.4% U1.2% 226.05 H:26,616.7 648.72 H:33,484.1 15.58 H:1,588.0 and its biggest shareholder, among its customers. Store businesses deliver a better V 3.02 Budget deficit latest month prev. month year-to-date 0.89% L:21,197.1 2.10% L:25,199.9 1.03% L:1,415.8 12-month high: $80.50 (PSNB) in £bn Toscafund, tried to engineer a managers have real-time return on capital — again, the low: $44.35 7.8 1.3 7.8 merger with its rival HSS. feedback on sales and trends, cornerstone of a tool hire NASDAQ SHANGHAI SENSEX GOLD Amid this storm, Russell and bosses sit down once a business. 7,746.38 3,021.90 35,622.14 DOLLARS/TROY OZ Down was promoted from There are concerns. 100.87 H:7,768.6 45.25 H:3,587.0 178.47 H:36,444.0 finance director to run the Speedy Hire Speedy is exposed to swings 1.32% L:6,082.0 1.48% L:3,008.7 0.50% L:30,680.7 $1,281.08 10-YEAR BOND YIELDS % company. Somehow, Speedy in the construction industry V 16.71 succeeded in fending off the 80p and households’ appetite to S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months merger and retained its build extensions, but its 2,779.42 5,501.88 6,205.30 low: $1,210.29 high low 0.39 H:2,872.9 48.50 H:6,256.5 chairman, Jan Astrand, who 60 growth in infrastructure, 51.66 H:5,657.4 BITCOIN UK 1.33 V 0.06 1.79 0.72 Tosca wanted to replace. supplying projects such as the 0.01% L:2,405.7 0.95% L:4,995.1 0.79% L:5,702.2 DOLLARS An accountant by training, 40 Thames Tideway Tunnel, NIKKEI DAX S&P TSX US 2.92 V 0.03 3.13 2.02 Down did what he does best: gives it a nice cushion if the $6,413.07 22,851.75 13,010.55 16,314.42 JAPAN 0.03 0.01 0.11 -0.01 dived into the detail. 20 domestic and commercial V 1,223.47 V 157.25 H:24,129.3 111.73 H:16,421.4 2015 2016 2017 244.0 H:13,596.9 12-month high: $19,497.4 He found a business laden market struggles. Buy. 0.69% L:19,239.5 1.91% L:11,726.6 0.69% L:14,785.8 low: $919.5 GERMANY 0.41 V 0.05 0.80 0.19 with unnecessary costs and Source: Thomson Reuters @jcollingridgeST 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) 50 3i Group 971.8 +4.4 1029.5 853.0 3.1 - 9509.1 99 Direct Line Insurance 349.2 +1.4 411.3 346.9 4.7 11.1 4801.5 35 London Stock Exchange 4410.0 –94.0 4554.0 3605.0 1.0 29.4 15258.6 56 Schroders 3187.0 –66.0 3773.0 3079.0 3.1 15.1 8594.0 193 3i Infrastructure 230.8 –4.2 271.7 203.0 3.7 - 1861.2 169 Dixons Carphone 195.2 +1.7 308.7 149.1 - 9.2 2251.2 144 Man 184.9 –0.1 217.7 148.7 3.8 16.3 3001.2 60 Scottish Mortgage 546.0 +18.0 546.5 391.4 0.6 - 7793.9 94 Admiral 1891.5 –11.0 2178.0 1784.0 2.8 16.2 5386.7 71 EasyJet 1754.5 +41.0 1796.0 1151.0 2.3 15.7 6969.0 98 Marks & Spencer 303.5 +13.5 354.1 264.5 6.2 189.7 4931.1 78 Segro 667.6 –4.2 674.0 480.1 2.5 6.8 6665.3 197 Aggreko 687.0 +3.2 983.0 671.4 4.0 16.5 1759.6 132 Electrocomponents 739.6 +22.6 753.2 568.6 1.7 22.0 3265.7 115 Mediclinic International 547.0 –3.8 794.5 507.5 1.4 58.8 4031.4 103 Severn Trent 1866.0 –71.0 2396.0 1703.0 4.4 15.1 4404.8 162 Alliance Trust 753.0 +6.0 769.0 689.0 1.8 - 2579.1 63 Evraz 529.6 +30.2 556.6 173.2 4.2 14.9 7584.1 121 Meggitt 497.2 –1.1 526.0 417.1 3.1 11.2 3860.4 146 Shaftesbury 936.0 –24.0 1055.0 917.0 1.7 8.3 2872.5 24 Anglo American 1717.4 –132.0 1926.4 959.4 2.0 9.5 24122.9 33 Experian 1868.5 –14.5 1890.0 1446.0 1.7 30.3 17179.8 42 Melrose 235.7 –1.3 261.2 198.8 1.4 - 11126.0 15 Shire 4037.5 +39.5 4626.0 2953.5 0.6 11.6 36883.7 46 Antofagasta 1021.0 –77.5 1149.0 751.0 1.8 18.1 10065.6 37 Ferguson 5943.0 +49.0 6246.8 4707.8 1.8 16.8 15040.5 194 Mercantile Investment Trust 224.1 +0.3 226.0 189.6 2.6 - 1801.9 27 Sky 1337.0 –3.0 1380.0 900.0 - 28.3 22983.3 198 Ascential 435.0 +16.0 437.2 315.6 1.1 80.6 1742.4 122 Foreign & Colonial 698.0 +6.0 700.0 586.0 1.5 - 3795.3 120 Merlin Entertainments 379.5 –3.4 492.1 318.4 1.9 18.5 3869.3 86 Smith (DS) 563.8 +8.0 579.2 444.1 2.7 27.8 6016.9 154 Ashmore 381.6 –0.4 433.2 332.3 4.4 18.1 2719.8 55 Fresnillo 1167.5 –48.5 1672.0 1159.5 2.0 20.8 8603.2 156 Metro Bank 3350.0 +22.0 4040.0 3212.0 - 261.7 2693.2 40 Smith & Nephew 1367.5 +7.5 1431.0 1215.0 1.6 21.1 11961.7 41 Ashtead 2371.0 –4.0 2400.0 1543.0 1.2 12.0 11836.6 107 G4S 275.8 +0.1 341.1 238.4 3.4 17.7 4279.3 87 Micro Focus International 1343.0 +7.0 2739.0 911.8 5.4 26.1 5843.1 70 Smiths 1763.5 –21.0 1801.0 1444.0 2.5 19.1 6974.2 28 Associated British Foods 2736.0 –4.0 3371.0 2389.0 1.5 20.7 21660.2 5 Glaxo Smith Kline 1556.0 +28.0 1722.0 1242.8 5.1 74.8 76521.8 200 Millennium & Copthorne Hotels 534.0 +4.0 625.5 431.9 1.2 13.5 1734.1 172 Smith WH 2034.0 nc 2347.0 1664.0 2.4 19.8 2240.6 7 Astra Zeneca 5398.0 +45.0 5508.0 4325.0 3.6 34.2 68362.9 9 Glencore 381.3 –2.5 415.0 276.6 1.4 12.9 55001.5 61 Mondi 2072.0 –25.0 2130.0 1693.0 2.4 16.9 7609.2 65 Smurfit Kappa 3082.0 +120.0 3220.0 2150.0 2.3 19.8 7309.8 117 Auto Trader 420.7 +3.7 425.0 319.0 1.2 25.2 4014.2 185 Grafton Group Units 815.0 +17.5 841.5 685.0 1.8 15.1 1934.7 192 Monks Investment Trust 848.0 +6.0 858.0 676.5 0.2 - 1868.3 153 Sophos 596.0 +1.0 669.5 416.0 0.6 - 2746.8 104 Aveva 2692.0 +196.0 3054.0 1803.0 1.5 81.6 4339.7 186 Greene King 619.8 +3.8 735.5 458.9 5.4 11.0 1921.1 89 Morrison Supermarkets 244.7 –1.5 256.9 204.1 2.2 18.8 5764.8 128 Spectris 2845.0 +23.0 2908.0 2229.0 1.9 14.5 3387.2 31 Aviva 502.4 –4.2 552.0 486.5 4.8 14.5 20162.5 182 Great Portland Estates 710.5 +10.9 798.7 660.1 1.7 39.0 2001.2 177 National Express 401.8 –6.2 422.2 340.9 3.2 16.5 2056.2 100 Spirax-Sarco 6495.0 +120.0 6495.0 5315.0 1.2 30.4 4776.4 106 Babcock International 846.8 –7.4 911.0 626.2 3.3 13.2 4281.4 88 GVC Holdings 1005.0 –50.0 1056.0 748.0 1.5 - 5786.0 20 National Grid 824.9 –3.6 1020.5 736.8 5.4 8.0 27733.2 171 Sports Direct International 414.8 –9.7 428.3 284.5 - 14.8 2241.2 30 BAE Systems 639.0 –9.2 676.5 535.5 3.4 23.9 20363.7 92 Halma 1429.0 +8.0 1456.0 1075.0 1.0 38.9 5418.5 119 Nex Group 1033.0 +4.0 1041.0 558.0 3.0 35.6 3922.7 39 SSE 1350.0 +7.5 1508.0 1182.0 6.8 10.1 13703.3 178 Balfour Beatty 297.2 –5.8 311.1 253.5 1.0 12.7 2049.9 109 Hammerson 535.0 +1.6 602.0 434.4 4.6 10.9 4249.1 54 Next 6126.0 +72.0 6202.0 3617.0 2.6 14.7 9008.7 142 SSP 651.8 –3.5 710.4 488.0 1.3 30.2 3023.9 26 Standard Chartered 711.5 –15.1 849.2 700.8 - 41.3 23456.6 18 Barclays 194.5 –4.5 217.0 178.9 1.5 55.6 33195.9 49 Hargreaves Lansdown 2025.0 +63.0 2088.0 1266.0 1.4 42.9 9605.0 66 NMC Health 3568.0 +134.0 3812.0 2077.0 0.3 53.5 7288.9 91 Barratt Developments 556.2 –29.8 700.0 519.8 4.4 9.0 5600.9 83 St James’s Place Capital 1204.5 +11.5 1270.5 1052.0 3.0 44.0 6366.9 157 Hays 185.4 –0.9 205.0 163.2 1.7 17.9 2689.5 80 Ocado 1040.0 +40.6 1111.0 238.7 - 6500.0 6566.9 125 BBA Aviation 339.6 +6.8 368.8 292.5 1.9 33.6 3503.9 44 Standard Life Aberdeen 347.6 –3.4 446.3 347.6 5.8 11.7 10349.4 164 HICL Infrastructure 140.5 –2.8 165.2 133.5 5.7 - 2514.3 43 Old Mutual 215.5 –6.9 260.9 188.0 3.2 27.3 10630.1 199 BCA Marketplace 223.0 +12.0 236.0 149.6 3.0 42.1 1739.9 190 Synthomer 556.5 +20.5 556.5 460.0 2.1 25.8 1891.4 129 Hikma Pharmaceuticals 1391.0 +9.0 1643.0 855.6 1.8 - 3347.8 195 PageGroup 547.5 +2.5 560.0 440.6 2.2 20.7 1790.5 139 Beazley 590.0 –3.0 619.5 450.0 1.7 32.7 3101.7 143 Tate & Lyle 647.4 –25.0 735.0 526.0 4.3 12.1 3014.9 105 Hiscox 1495.0 –15.0 1532.0 1214.0 1.9 166.1 4290.3 72 Pearson 884.2 +1.4 924.8 566.5 4.4 17.7 6928.7 116 Bellway 3281.0 –111.0 3792.0 2956.0 3.7 8.3 4029.0 85 Taylor Wimpey 186.4 –4.7 211.2 174.9 2.5 11.0 6105.3 152 Homeserve 894.5 +10.0 899.0 705.0 1.8 30.1 2779.3 133 Pennon 779.6 –8.0 912.5 583.4 4.7 16.3 3246.6 90 Berkeley 4177.0 –144.0 4321.0 3184.0 3.3 7.6 5650.0 189 Templeton Emerging Markets 713.0 –19.0 825.0 673.0 2.1 - 1902.6 130 Howden Joinery 528.8 +10.0 528.8 399.5 2.1 17.7 3328.3 58 Persimmon 2687.0 –193.0 2890.0 2231.0 5.0 11.1 8345.1 16 BHP Billiton 1670.0 –93.6 1779.2 1140.0 3.7 25.6 35270.4 23 Tesco 254.8 +6.9 254.8 166.5 0.4 21.1 24884.6 2 HSBC 722.8 –7.1 796.0 662.1 5.0 21.6 144972.1 184 Petrofac 559.8 –18.2 651.8 397.3 7.5 - 1936.4 112 B&M European 415.0 –4.1 434.8 335.1 1.4 27.1 4150.0 136 IG Group 867.0 –4.0 905.0 547.5 3.7 16.5 3189.6 167 TP Icap 426.2 –0.9 553.6 419.0 1.3 27.5 2400.9 141 Phoenix Group Holdings 777.5 +4.5 815.0 725.5 6.3 - 3054.5 181 Bodycote 1046.0 +27.0 1049.0 751.0 1.5 20.5 2002.6 134 IMI 1193.0 +18.0 1443.0 1013.0 3.3 22.3 3245.5 124 Travis Perkins 1450.5 +36.0 1609.0 1216.0 3.1 15.7 3657.1 165 Playtech 767.0 –36.6 1016.0 725.0 3.9 11.6 2434.0 3 BP 565.0 –18.8 592.8 439.8 5.0 35.9 112608.2 22 Imperial Brands 2626.0 +41.5 3597.5 2325.0 6.5 20.5 25045.1 45 Tui 1742.5 +8.5 1810.5 1109.0 3.3 14.1 10235.2 196 Polar Capital Technology 1302.0 +4.0 1328.0 953.5 - - 1763.8 4 British American Tobacco 3694.0 +38.0 5567.0 3645.0 5.9 2.0 84727.0 137 Inchcape 759.5 –2.5 880.5 670.0 3.2 11.9 3167.6 138 Tullow Oil 228.0 –17.4 276.0 145.6 - - 3164.6 148 Polymetal International 661.8 +0.2 956.0 591.0 3.5 11.1 2846.5 76 British Land 691.0 +7.0 697.0 590.5 4.3 14.2 6792.0 161 Indivior 360.5 –129.5 496.2 267.6 - 56.2 2615.2 108 UBM 1080.0 +15.0 1080.0 645.0 2.0 31.0 4256.2 69 Paddy Power Betfair 8290.0 –295.0 9110.0 6665.0 2.2 32.5 7015.0 179 Britvic 774.0 –3.0 825.0 661.5 3.4 19.2 2040.7 74 Informa 829.2 +11.6 834.6 658.0 2.4 22.0 6832.6 174 UDG Healthcare 878.0 –5.0 959.0 742.0 1.1 73.5 2180.3 12 Prudential 1837.5 +1.5 1981.0 1716.5 2.5 19.8 47541.3 29 BT 210.4 +5.4 317.0 202.9 7.3 10.3 20870.7 166 Inmarsat 526.6 +52.7 816.0 336.4 7.5 13.9 2401.5 10 Unilever 4066.5 –49.0 4548.5 3695.0 3.1 21.3 50089.8 93 Randgold Resources 5710.0 –120.0 8190.0 5572.0 2.6 28.7 5391.1 180 BTG 520.0 –37.5 779.0 520.0 - 27.4 2005.8 52 Intercontinental Hotels 4921.0 +6.0 4966.0 3668.0 - 21.8 9349.4 168 Unite Group 856.5 –4.0 868.0 637.0 2.2 9.1 2253.0 14 Reckitt Benckiser 6160.0 +286.0 7996.0 5443.0 2.6 13.0 43379.0 59 Bunzl 2330.0 +58.0 2387.0 1936.0 1.9 24.9 7827.3 131 Intermediate Capital 1140.0 +18.0 1203.0 821.0 2.2 15.3 3309.5 96 United Utilities 762.8 –16.4 965.5 656.0 5.1 12.2 5201.5 173 Redrow 593.5 –32.0 664.5 542.0 2.9 7.6 2194.8 51 Burberry 2150.0 +36.0 2177.0 1498.0 1.8 31.4 9425.2 53 Intertek 5786.0 +72.0 5830.0 4174.0 1.1 32.8 9338.1 187 Vedanta Resources 692.6 –21.4 954.0 578.5 6.0 - 1919.2 17 Relx 1625.5 –48.0 1782.0 1429.5 2.3 19.9 33665.4 163 Capital & Counties Properties 296.5 –4.4 319.9 253.1 0.5 - 2517.5 38 International Airlines Group 713.6 +23.8 715.2 578.0 3.1 6.3 14622.6 159 Victrex 3060.0 +14.0 3108.0 1855.0 1.8 22.8 2625.7 118 Renishaw 5485.0 –120.0 5775.0 3545.0 0.9 29.0 3992.4 47 Carnival 4789.0 +269.0 5380.0 4468.0 2.6 18.1 9953.7 188 International Public Partnerships 141.4 –4.6 166.6 138.2 4.8 16.9 1908.6 11 Vodafone 184.8 –2.7 238.0 184.8 7.1 13.3 49293.2 57 Centrica 152.2 +6.8 209.0 124.1 7.9 25.4 8362.8 158 Intu Properties 194.9 –2.9 278.5 192.3 7.2 13.0 2641.6 82 Rentokil Initial 350.2 +1.7 353.5 258.7 1.0 9.5 6434.3 102 Weir 2022.0 –178.0 2325.0 1727.0 2.2 27.7 4539.0 127 Cineworld 247.4 –0.6 670.5 97.9 3.5 34.3 3388.5 123 Investec 552.8 +0.6 648.6 461.4 4.2 11.4 3685.1 101 Rightmove 5168.0 +224.0 5168.0 3889.0 1.0 33.3 4702.3 64 Whitbread 4114.0 –31.0 4331.0 3512.0 2.4 17.2 7544.9 170 Close Brothers 1484.0 +18.0 1606.0 1316.0 4.0 11.3 2247.1 73 ITV 169.8 +0.6 182.9 142.4 4.3 16.6 6835.1 8 Rio Tinto 4219.5 –200.5 4492.0 3000.0 4.1 11.7 56592.7 160 William Hill 304.7 –5.1 338.0 240.0 4.2 - 2617.0 140 Cobham 124.3 +0.8 148.0 113.4 - 35.5 3067.7 149 IWG 312.5 –5.8 362.4 190.9 1.7 25.4 2845.2 135 RIT Capital Partners 2060.0 +20.0 2070.0 1844.0 - - 3218.9 183 Witan Investment Trust 1104.0 +4.0 1116.0 995.0 2.0 - 1985.5 48 Coca Cola HBC 2653.0 +53.0 2707.0 2199.0 1.5 25.8 9759.6 150 Jardine Lloyd Thompson 1288.0 +46.0 1448.0 1144.0 2.5 23.5 2821.2 32 Rolls-Royce 950.0 +114.6 981.0 814.0 0.5 4.2 17668.5 176 Wizz Air Holdings 3647.0 +195.0 3731.0 2297.0 - 19.1 2096.2 21 Compass 1614.5 +35.5 1745.1 1425.0 2.1 22.6 26551.9 113 JD Sports 416.1 +6.6 433.8 303.3 0.4 17.5 4049.6 145 Rotork 332.3 –4.7 356.6 223.5 1.6 51.9 2892.5 111 Wood 617.2 –27.0 736.5 521.4 4.1 - 4182.9 110 Convatec 217.6 –8.7 335.4 182.0 0.5 36.8 4246.4 67 Johnson Matthey 3762.0 –26.0 3823.0 2727.0 2.0 19.2 7280.7 19 Royal Bank Of Scotland 254.5 –13.1 302.4 241.2 - 23.8 30453.4 191 Workspace 1151.0 +11.0 1165.0 855.0 1.8 9.3 1878.4 25 CRH 2812.0 –13.0 2882.0 2338.0 2.1 14.9 23516.3 175 Jupiter Fund Management 465.6 +4.8 631.4 445.0 3.7 13.8 2131.1 1 Royal Dutch Shell A 2521.5 –85.0 2748.5 2035.0 5.3 19.3 214254.5 36 WPP 1199.0 –17.0 1676.0 1094.0 5.0 8.4 15180.7 81 Croda 4924.0 +94.0 4961.0 3675.0 1.5 27.5 6482.1 95 Just Eat 790.0 –69.2 890.0 601.0 - - 5372.4 Royal Dutch Shell B 2625.5 –74.5 2841.0 2056.0 5.1 20.1 155 CYBG 306.2 +8.2 340.3 267.2 0.3 57.8 2708.7 114 Kaz Minerals 903.6 –108.9 1076.0 465.0 - 12.2 4037.8 97 Royal Mail 502.4 +20.1 631.0 369.9 4.6 14.1 5024.0 Price/earnings ratios are based on historic data, with yield and p/e values 84 DCC 6905.0 –300.0 7755.0 6475.0 1.7 26.7 6159.3 79 Kingfisher 308.3 +6.9 362.5 278.8 3.4 14.0 6646.4 147 RPC 699.8 +8.8 993.0 680.6 3.4 13.7 2854.5 calculated from the most recent reported dividends and earnings per share, 151 Dechra Pharmaceuticals 2732.0 –28.0 2858.0 1647.0 0.8 59.4 2794.2 62 Land Securities 960.0 +20.7 1138.1 906.8 4.4 41.6 7591.2 77 RSA Insurance 652.0 +8.6 675.8 593.5 2.7 25.0 6667.3 using trailing 12-month figures. 52-week highs and lows are end of day. 126 Derwent London 3063.0 +18.0 3235.0 2607.0 1.8 10.9 3414.5 34 Legal & General 265.0 –5.2 286.2 249.5 5.5 8.7 15790.4 68 Sage Group 661.2 –9.8 821.4 598.4 2.3 27.9 7146.8 nc = no change Data provided by Morningstar. Any enquiries please contact: 6 Diageo 2785.5 +61.5 2785.5 2247.5 2.2 21.9 69221.0 13 Lloyds Banking Group 62.1 –0.8 72.1 62.1 1.6 13.1 44741.2 75 Sainsbury, J 310.4 +5.6 319.2 224.8 3.1 24.4 6796.7 [email protected]