DATABANK INSIDE the CITY SABAH MEDDINGS the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev

Home , BCA Marketplace, Faisal Islam, Switch Aberdeen, Switch Scotland, The Observer

10 The Sunday Times November 11, 2018 BUSINESS

Andrew Lynch LETTERS

“The fee reflects the cleaning out the Royal Mail Send your letters, including food sales at M&S and the big concessions will be made for Delia’s fingers burnt by online ads outplacement amount boardroom. Don’t count on it SIGNALS full name and address, supermarkets — self-service small businesses operating charged by a major company happening soon. AND NOISE . . . to: The Sunday Times, tills. These are hated by most retail-type operations, but no Delia Smith’s website has administration last month for executives at this level,” 1 London Bridge Street, shoppers. Prices are lower at such concessions would been left with a sour taste owing hundreds of says Royal Mail, defending London SE1 9GF. Or email Lidl and other discounters, appear to be available for after the collapse of Switch thousands of pounds to its the Spanish practice. BBC friends [email protected] but also you can be served at businesses occupying small Concepts, a digital ad agency clients. Delia, 77 — no You can find such advice Letters may be edited a checkout quickly and with a industrial workshop or that styled itself as a tiny stranger to a competitive for senior directors on offer reunited smile. The big supermarkets warehouse units. challenger to Google. game thanks to her joint for just £10,000 if you try. Eyebrows were raised Labour didn’t work in the have forgotten they need Trevalyn Estates owns, Delia Online, a hub for ownership of Norwich FC — Quite why the former recently when it emerged 1970s, and it won’t again customers. develops and manages a recipes and tips, was one of was one of three petitioners McKinsey partner Whalley that the BBC’s former Oliver Shah’s Agenda column Nick Shaw, via number of small industrial a number of publishers that who had been pursuing needs such rocket-fuelled economics editor, the pencil- last week backed up the thesundaytimes.co.uk estates located — in the main used Switch to source ads, Switch for repayment. A propulsion, heaven knows. thin Kamal Ahmed, was opinions of all the business — in north Wales, the which were displayed on the court hearing was scheduled Perhaps the accident- sitting on the interview panel people I know who are very Overseas Brits must have northwest, the northeast and publishers’ websites. Switch to hear their claims — but prone Orna Ni-Chionna, who for his old job while he concerned at the prospect of their say in a People’s Vote Scotland. Recently, we have then sent them the revenue, Switch pulled the plug and chairs the remuneration became editorial director. a Corbyn/McDonnell In your article “City grandees divided some large units into taking a cut for itself. called in administrators from committee — and, yes, a Those eyebrows are now government. demand People’s Vote on smaller ones; a 6,400 sq ft Note the past tense. Duff & Phelps first. McKinsey partner of a similar feared lost above the They would create chaos Brexit”, last week, you cite a unit into two 3,200 sq ft ones, Switch, latterly run by Ian These corporate types can vintage — knows the answer. snowline after Ahmed, 51 on What’s eating Elon Musk? with their insane spending spokesman for the for example. The reason is Stewart Reed and Mark often be sharper than any Half a dozen stable lads Thursday, tweeted his Twitter spats, dope smoking and regulation plans. The Department for Exiting the simple: the rateable value for Thompson, went into kitchen knife. would have their hands full delight that Faisal Islam was and Tesla woes . . . is the tech pound would devalue badly. European Union stating: the original unit is about jumping ship from Sky News visionary who inspired the Unemployment would rise as “The people of the United £19,000, while each smaller to fill Ahmed’s sharp suits. film portrayal of Iron Man in businesses struggled with the Kingdom have already had one will be £10,000. The JUST SAYING . . . The cheque’s FUNNY BUSINESS “A huge talent who I was free fall, asks Nick Rufford employment regulations they their say in one of the biggest business rates threshold in the post fortunate to work with at plan to introduce — not to democratic exercises this below which no rates are I do not believe The Observer many years MAGAZINE, PAGE 26-31 mention returning massive country has seen . . .” payable is £12,000. The larger How quickly the seasons turn ago,” trilled Ahmed, whose powers to the unions and Poppycock! An estimated unit would be liable to rates, we should stop — and how regularly our memoir, The Life and Times sending the economy back to 5m overseas UK citizens were while the two smaller ones thoughts return to the of a Very British Man, has TWITTER POLL the disaster of the 1970s. excluded from the EU would be exempt. for one moment Royal Mail boardroom. just been published. Employers need flexibility referendum (Hansard). In the The rates payable on the encouraging and Last week saw the UK Stone the crows — surely Yes No as sometimes business slows event of a second vote, the larger unit would be about letters and parcels boss Sue the BBC doesn’t allow old or changes. New ideas need government should plan to 50p in the pound on the supporting Whalley take leave of the mates to interview each to be tried and do not always correct this and allow those rateable value, working out at starting and privatised mail service after other for jobs? 40% 60% succeed. If businesses cannot previously disenfranchised £9,500 a year or almost £1.50 12 years — and only four retain flexibility, the more UK citizens to vote. This per sq ft. Is it surprising we growing months after joining the rigid set of rules Labour would be consistent with have not let the larger unit in board. Whalley, 54, who hit What cobblers! desires will lead to a rise in countries such as France, six months, bearing in mind businesses the road immediately, will be unemployment. Enterprises Poland, South Africa and the that the asking rent was £3.75 paid until the spring. Shoe mender James Timpson will just not take the risk, as US, which give their citizens a square foot? Yet after the infamous won a rare standing ovation happens in France. abroad the right to vote in This system works against golden hellos and goodbyes from the Marketing Group of Name and address withheld their home country. any small business that Persimmon boss Jeff to bosses in the past months, Great Britain at Claridge’s Gary Parker, Wilmslow, wishes to expand — the jump Fairburn has been pushed it is curious that Royal Mail last week. He opened the talk Hated self-checkouts are Cheshire is too great. We have received out of the housebuilder The Duke of York defends feels obliged to hand her with the gambit: “We’ve eating into food sales three inquiries for the smaller after the row over his £75m working with Saudi £50,000 — a bit less than never had a marketing Your story last week (“M&S Small businesses need help units at an annual rent of bonus. Was he right to keep Arabia’s young people twice a postie’s average pay — department, so it’s a bit of board plotted to break up as much as small shops £4 per sq ft. most of the money? through his Pitch@Palace for “outplacement support”. surprise to be here.” business”) did not mention An initial examination of the David Birkett Evans, Trevalyn the real reason for falling October 29 budget suggests Estates, Wrexham 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 2.4% 2.7% financial year due to rising Stapleton was right to shun USD > GBP Halfords costs and investment. that deal, they have raised 8,000 CPI including housing current rate prev. month The update sent shares concerns over a planned 7,750 $1.30 2.2% 2.4% down 2.3%, despite a 2.5% move away from camping W 0.00 Retail prices index current rate prev. month folds its increase in like-for-like sales. equipment. The strategy 12-month high: $1.44 7,500 low: $1.27 Halfords also warned that carries the risk that Halfords 3.3% 3.5% EURO tents to hit profits would not grow until will become overly tilted 7,105.34 7,250 Average weekly earnings on prev. month on last year 2021 because of investment. It towards autumn and winter. 11.22 H:7,903.5 EUR > GBP plans to plough up to £60m a The average customer 0.16% L:6,851.6 7,000 £523 U0.6% U3.0% Unemployment current rate prev. month the road year into stores, garages and visits Halfords less than twice 6,750 €1.14 digital platforms. a year. Cutting spring and FTSE 250 U 0.01 2017 2018 12-month high: €1.16 1.36m 4.0% 4.0% The temperature is likely to This is all part of the “back summer ranges could make low: €1.10 be balmy this week — it could to basics” approach of new the trips even more Source: Thomson Reuters Manufacturing output on the year on last month YEN reach 16C in some places on boss Graham Stapleton, who infrequent, according to RISERS FALLERS YEN > USD U0.6% U0.2% Thursday. While the wants to focus on motoring broker Stifel. Halfords sees its Arrow Global: 233p,U 18.5% on higher Sophos: 338.6p, V 28.1% on weak billings Sportech: 42.2p, V 19.5% Retail sales on the year on last month unseasonably mild spell is and cycling. He took over specialisation as a way to profit, lower debt Vectura : 79p, U13.2% on Hikma contract Wizz Air: £29.58, on profit warning G4S: 183.1p, ¥113.77 great news for motorists, it is from Jill McDonald, who left compete against Amazon, but U 13% on higher passenger numbers V 14.3% on weak profit forecast U3.0% V 0.8% 19,106.61 U 0.59 AO World: 127p, V 12.2% on Mobile bad news for retailers. for Marks & Spencer. some claim it is risky. 219.12 H:21,371.5 Clipper Logistics: 298p, U10.8% on 12-month high: ¥114.54 Sports Direct contract win AB Foods: Phones Direct acquisition Contour low: ¥104.55 Halfords, which specialises His strategy has included Shares in Halfords have 1.13% L:18,206.1 £26.38,U 10.5% on higher profit Global: 167.1p, V 11.3% on sentiment UK trade latest 3 mths prev. 3 mths latest 12 mths in bicycles and car parts in own-brand relaunches and a skidded around in recent OIL balance (£bn) -2.8 -7.5 -15.1 460 high street shops and tie-up with folding-bike months. They closed at 300p DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change retail parks, is among those maker Brompton — plus a on Friday, almost 23% lower 25,989.30 25,601.92 1,436.65 product expected to suffer. Mild decision to walk away from than their 12-month peak of $70.18 U0.6% U0.4% U1.5% 718.47 H:26,951.8 884.43 H:33,484.1 7.03 H:1,588.0 weather and dry evenings rescuing Evans Cycles, which 388p in May, before a profit V 2.65 Budget deficit latest month prev. month year-to-date 2.84% L:23,242.8 3.34% L:24,540.6 0.49% L:1,370.7 12-month high: $86.74 (PSNB) in £bn mean that motorists will not was snapped up by Mike warning. They are also under low: $61.08 -4.1 -5.6 -19.9 be shopping for windscreen Ashley’s Sports Direct. pressure over concerns that NASDAQ SHANGHAI SENSEX GOLD wipers or antifreeze. While analysts say Halfords may fail to hit full- 7,406.90 2,598.87 35,158.55 DOLLARS/TROY OZ Halfords is already year guidance of broadly flat 49.91 H:8,133.3 77.60 H:3,587.0 146.90 H:38,989.7 suffering from higher petrol Halfords profits. The figure last year 0.68% L:6,630.7 2.90% L:2,449.2 0.42% L:32,483.8 $1,210.72 10-YEAR BOND YIELDS % prices, which is currently was £71.6m. V 20.63 averaging qbout 130p a litre, 400p Last week’s results S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months according to government included a line saying that 2,781.01 5,106.75 6,011.00 low: $1,179.16 high low 57.95 H:2,940.9 75.20 H:6,481.3 data. Cash-conscious drivers 360 forecasts depended on 4.62 H:5,657.4 BITCOIN UK 1.50 W 0.00 1.79 1.10 will cut down on miles if they “average winter weather”. If 2.13% L:2,532.7 0.09% L:4,896.8 1.27% L:5,721.6 DOLLARS have to pay more for fuel. 320 the recent warm weather is NIKKEI DAX S&P TSX US 3.19 V 0.03 3.26 2.31 All this does little to help indicative of the months 22,250.25 11,529.16 15,274.44 $6,437.28 280 V 44.05 JAPAN 0.13 W 0.00 0.17 0.02 Halfords, which said last ahead, Halfords could 6.59 H:24,448.1 155.16 H:16,586.5 2017 2018 10.17 H:13,596.9 12-month high: $19,497.40 week that profits had fallen struggle. Avoid. 0.03% L:20,347.5 0.09% L:11,051.0 1.03% L:14,639.7 low: $919.50 GERMANY 0.41 V 0.02 0.80 0.19 by 23% in the first half of its 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) 47 3i Group 865.2 –26.8 1029.5 832.4 3.5 - 8429.6 9 Diageo 2746.5 +112.5 2883.5 2354.5 2.3 23.0 67039.2 67 Land Securities 862.2 +6.0 1010.4 811.0 4.9 37.4 6392.9 73 Sage 551.4 –13.2 821.4 525.6 2.8 23.2 5984.5 175 3i Infrastructure 246.5 +3.6 271.7 203.0 3.3 - 1999.3 199 Diploma 1375.0 –4.0 1475.0 1049.0 1.7 31.2 1557.0 33 Legal & General 261.6 +4.0 286.2 239.8 5.9 9.6 15592.9 62 Sainsbury, J 322.0 +3.3 341.5 224.8 3.2 27.5 7089.1 74 Admiral 2054.0 +57.5 2118.0 1803.5 2.6 17.6 5966.9 102 Direct Line Insurance 325.2 –0.1 393.2 317.3 6.3 11.5 4471.5 13 Lloyds Banking Group 60.0 +0.5 72.1 56.1 5.2 10.7 42652.9 60 Schroders 2607.0 –74.0 3773.0 2587.0 4.3 11.9 7118.0 168 Aggreko 848.2 –3.4 970.0 641.8 3.2 20.0 2172.5 174 Dixons Carphone 173.7 –4.8 234.7 149.1 - 8.2 2015.3 35 London Stock Exchange 4213.0 –74.0 4794.0 3649.0 1.2 24.7 14667.9 61 Schroders N/V 2170.0 –75.0 2720.0 2120.0 1.6 9.9 7118.0 147 Alliance Trust 731.0 +4.0 785.0 689.0 1.8 - 2440.8 187 Drax 425.0 +23.6 425.0 221.4 2.9 - 1686.4 151 Man 149.6 –7.9 217.7 138.2 5.4 12.3 2352.2 63 Scottish Mortgage 483.3 –3.9 568.3 420.6 0.6 - 7024.6 25 Anglo American 1687.8 –29.6 1926.4 1343.0 4.6 9.4 23709.8 92 easyJet 1254.0 +5.5 1796.0 1068.0 3.3 11.2 4981.0 90 Marks & Spencer 312.7 +10.3 324.0 264.5 6.0 173.7 5081.0 66 Segro 632.2 +16.8 679.0 539.0 2.6 5.6 6407.4 51 Antofagasta 778.2 –49.6 1149.0 727.2 1.0 15.5 7671.9 137 Electrocomponents 636.0 +1.2 761.6 568.6 2.0 18.9 2822.1 142 Mediclinic International 358.1 –45.1 706.4 340.5 2.2 - 2639.7 97 Severn Trent 1980.5 +93.0 2169.0 1703.0 4.2 19.4 4696.7 194 Ascential 403.8 –6.0 465.0 346.0 1.4 82.4 1618.1 179 Entertainmnt One 397.6 –20.8 447.6 268.0 0.3 27.6 1842.5 112 Meggitt 507.2 –8.4 572.0 417.1 3.1 13.9 3939.4 134 Shaftesbury 928.5 +19.5 1055.0 866.5 1.7 8.2 2853.7 145 Ashmore 350.4 –2.2 433.2 337.0 4.8 16.5 2497.4 49 Evraz 561.0 +13.2 584.0 279.1 9.8 6.2 8097.2 48 Melrose 170.6 –8.4 247.0 154.0 2.5 - 8290.6 14 Shire 4612.5 +78.5 4680.5 2953.5 0.6 11.4 42190.8 41 Ashtead 1900.0 –64.0 2438.0 1812.0 1.5 9.2 9151.9 32 Experian 1815.0 +52.0 1988.5 1508.0 1.6 27.9 16526.8 197 Mercantile Investment Trust 196.0 –0.9 226.0 186.0 2.9 - 1562.2 93 Smith (DS) 357.8 –32.1 513.4 357.8 4.0 15.5 4899.8 27 Associated British Foods 2638.0 +186.0 3097.0 2225.0 1.6 20.7 20884.4 38 Ferguson 5180.0 –145.0 6556.0 4990.5 2.4 20.0 12009.9 120 Merlin Entertainments 330.2 –5.6 410.5 311.4 2.2 16.4 3374.9 37 Smith & Nephew 1395.0 +36.0 1412.0 1215.0 1.9 22.5 12198.6 6 Astra Zeneca 6172.0 +440.0 6172.0 4705.0 3.4 42.0 78186.8 115 Foreign & Colonial 684.0 +8.0 741.0 612.0 1.6 - 3703.1 162 Metro Bank 2324.0 –50.0 4040.0 2076.0 - 65.8 2263.9 87 Smiths 1355.0 –30.5 1801.0 1279.5 3.2 19.6 5364.9 106 Auto Trader 447.0 +29.6 466.3 319.0 1.3 23.8 4197.0 68 Fresnillo 861.0 –20.8 1436.5 772.2 3.5 17.4 6344.6 85 Micro Focus International 1284.5 +53.0 2739.0 911.8 5.7 9.2 5477.9 161 Smith WH 2090.0 +118.0 2347.0 1699.0 2.3 20.3 2275.2 103 Aveva 2672.0 +18.0 3054.0 1803.0 1.0 57.2 4309.1 135 G4S 183.1 –36.1 291.3 178.1 5.3 14.9 2841.0 65 Mondi 1750.5 –94.5 2236.0 1693.0 3.1 14.2 6428.5 82 Smurfit Kappa 2356.0 –212.0 3292.0 2197.0 3.3 11.8 5588.7 30 Aviva 433.7 +1.7 552.0 413.9 6.3 15.7 16920.6 7 Glaxo Smith Kline 1570.4 +90.4 1619.4 1242.8 5.1 41.5 77900.7 191 Moneysupermarket 307.8 –3.7 366.5 256.9 3.4 20.7 1650.4 195 Sophos 338.6 –150.4 669.5 324.0 1.1 - 1617.8 129 Babcock International 600.4 –18.4 862.4 580.4 4.8 9.0 3035.6 12 Glencore 303.9 –16.1 415.0 286.9 3.4 9.6 42907.7 186 Monks Investment Trust 778.0 –5.0 872.0 742.0 0.2 - 1694.8 152 Spectris 2030.0 –130.0 2908.0 1966.5 2.8 8.3 2344.7 31 BAE Systems 529.2 –6.8 676.4 508.0 4.1 22.4 16908.8 183 Grafton Group Units 724.0 –3.0 841.5 680.5 2.1 12.4 1727.2 76 Morrison Supermarkets 251.4 –3.7 269.4 204.1 2.4 24.8 5951.7 95 Spirax-Sarco 6525.0 +25.0 7345.0 5410.0 1.3 27.6 4803.2 178 Balfour Beatty 277.7 +2.1 311.1 250.8 1.3 8.8 1916.1 170 Great Portland Estates 745.0 +27.7 798.7 656.5 1.6 40.9 2098.4 173 National Express 398.8 –5.0 422.2 344.6 3.4 14.9 2040.8 182 Sports Direct International 324.5 –15.8 436.1 310.0 - 70.5 1742.5 39 SSE 1152.5 –2.0 1440.5 1084.0 8.0 14.2 11830.8 20 Barclays 176.8 +1.1 217.0 162.8 2.5 88.4 30283.0 94 GVC Holdings 838.0 –112.5 1170.0 838.0 3.6 32.7 4876.1 21 National Grid 855.7 +31.9 894.8 736.8 5.4 8.7 29082.2 83 Barratt Developments 544.0 +5.0 657.8 483.0 4.7 8.2 5517.0 91 Halma 1317.0 –39.0 1504.0 1146.0 1.1 32.4 4999.9 126 SSP 688.0 +0.5 742.7 608.6 1.2 31.9 3192.4 52 Next 5424.0 nc 6202.0 4230.0 2.9 12.8 7576.5 149 BBA Aviation 232.2 –14.4 368.8 232.2 3.2 26.1 2397.7 118 Hammerson 444.7 –0.9 570.0 425.8 5.7 22.5 3445.4 28 Standard Chartered 569.3 –9.7 849.2 519.8 1.5 21.9 18828.5 57 NMC Health 3530.0 +100.0 4120.0 2700.0 0.4 45.1 7349.9 185 BCA Marketplace 213.0 –1.0 242.0 149.6 3.4 30.4 1698.7 42 Hargreaves Lansdown 1916.0 +28.5 2270.0 1550.0 1.6 38.6 9087.9 80 St James’s Place Capital 1062.5 +23.5 1270.5 969.8 4.0 37.0 5624.2 75 Ocado 852.6 nc 1146.0 238.7 - - 5953.3 138 Beazley 532.0 –8.0 619.5 479.7 2.2 80.7 2807.6 154 Hays 160.7 –1.1 212.0 155.0 2.1 14.2 2341.5 64 Standard Life Aberdeen 270.1 –6.2 505.8 257.0 9.0 8.1 6916.7 192 Page Group 500.5 –1.5 623.5 440.6 2.5 17.4 1641.2 114 Bellway 3031.0 –17.0 3686.0 2750.0 4.0 7.6 3727.6 133 HICL Infrastructure 159.8 +0.4 163.1 133.5 5.0 - 2857.2 122 Tate & Lyle 702.6 +33.4 710.0 526.0 4.1 14.9 3284.4 59 Pearson 921.8 +19.8 957.4 653.0 1.8 12.1 7199.9 96 Berkeley 3640.0 +7.0 4321.0 3259.0 3.0 6.6 4701.9 101 Hikma Pharmaceuticals 1854.5 –17.5 2025.0 855.6 1.4 - 4477.6 84 Taylor Wimpey 168.0 nc 211.2 151.2 2.8 8.7 5504.8 123 Pennon 780.2 +27.0 812.5 583.4 4.7 16.3 3279.7 5 BHP Billiton 1585.6 –25.6 1779.2 1328.5 4.7 16.8 84409.8 99 Hiscox 1570.0 –76.0 1711.0 1332.0 1.8 93.9 4516.2 184 Templeton Emerging Markets 671.0 –22.5 825.0 649.0 2.2 - 1711.7 150 Pershing Square Holdings 1131.9 –18.4 1188.6 931.0 - - 2389.3 104 B&M European 426.0 +0.6 434.8 373.0 1.5 22.9 4262.4 125 Homeserve 965.0 +7.0 1041.0 705.0 1.6 32.5 3203.0 26 Tesco 218.7 +2.6 266.2 176.6 1.4 19.3 21418.4 54 Persimmon 2386.0 –1.0 2880.0 2162.0 9.9 9.3 7538.5 4 BP 523.9 –9.4 598.3 459.8 5.9 15.9 105112.9 131 Howden Joinery 484.4 –0.2 539.0 436.0 2.3 15.9 2948.5 188 TP Icap 297.9 +2.2 553.6 259.7 5.7 38.7 1678.2 176 Petrofac 575.0 +12.2 663.4 397.3 5.0 - 1953.2 8 British American Tobacco 3314.5 –28.0 5100.0 3176.5 6.0 1.8 76027.0 2 HSBC 633.8 –12.3 796.0 600.8 6.1 15.4 126303.1 140 Travis Perkins 1070.5 –87.0 1609.0 970.0 4.2 11.6 2699.2 100 Phoenix Group Holdings 625.5 –3.5 714.5 496.2 7.2 61.0 4510.9 72 British Land 624.8 +21.2 697.0 561.0 4.8 12.9 6056.0 163 IG Group 608.5 –4.5 954.5 568.5 5.3 9.9 2244.4 172 Tritax Big Box Reit 140.6 –1.4 156.9 139.6 4.6 6.9 2071.8 196 Polar Capital Technology Trust 1180.0 –8.0 1386.0 1060.0 - - 1577.1 166 Britvic 830.0 +32.5 834.5 661.5 3.2 20.6 2196.4 144 IMI 942.0 –66.0 1443.0 918.5 4.2 17.5 2563.2 53 Tui 1283.5 –51.0 1810.5 1270.5 4.5 10.5 7545.7 124 Polymetal International 712.0 –9.0 927.5 591.0 4.6 10.1 3245.9 23 BT 254.1 –10.5 277.5 202.9 6.1 11.2 25216.5 22 Imperial Brands 2750.0 +132.0 3181.5 2325.0 6.2 21.5 26227.8 136 Tullow Oil 203.7 –12.2 276.0 165.8 - 15.5 2837.9 156 BTG 597.0 +28.0 771.0 475.0 - 153.1 2311.3 148 Inchcape 585.0 +1.5 799.0 486.6 4.6 10.0 2428.5 88 Paddy Power Betfair 6550.0 –485.0 9110.0 6010.0 3.0 25.5 5268.6 190 UDG Healthcare 668.0 +9.0 940.0 606.0 1.4 55.9 1661.4 55 Bunzl 2232.0 –35.0 2426.0 1936.0 2.1 22.6 7508.3 200 Indivior 213.5 +11.2 496.2 180.8 - 19.9 1555.2 15 Prudential 1604.0 –11.5 1981.0 1495.0 2.9 18.6 41574.4 3 Unilever 4146.5 +67.0 4486.0 3695.0 3.1 21.6 111798.2 58 Burberry 1773.5 –91.5 2325.0 1498.0 2.3 22.6 7295.6 43 Informa 710.6 –14.4 859.0 659.6 2.9 20.9 8894.0 153 Quilter 123.2 +3.5 154.7 113.2 - - 2343.9 160 Unite Group 864.0 +17.0 913.0 706.5 2.6 7.8 2276.4 198 Caledonia Investments 2845.0 +55.0 2890.0 2600.0 2.0 - 1560.1 177 Inmarsat 422.0 –47.1 632.2 336.4 3.6 19.6 1952.2 77 Randgold Resources 6196.0 –120.0 7446.0 4652.0 2.5 33.3 5850.1 89 United Utilities 772.0 +39.4 838.0 656.0 5.1 14.9 5264.2 159 Capital & Counties Properties 268.0 +13.4 319.9 237.0 0.6 - 2280.2 50 Intercontinental Hotels 4059.0 –116.0 4966.0 3948.0 1.9 18.0 7739.3 11 Reckitt Benckiser 6255.0 –71.0 7155.0 5443.0 2.6 12.8 44230.1 155 Victrex 2692.0 –28.0 3408.0 2387.0 2.0 20.0 2319.4 169 Capita 126.3 –0.7 506.0 118.2 5.4 - 2108.0 139 Intermediate Capital 956.5 –17.5 1203.0 916.5 3.0 10.8 2777.2 171 Redrow 562.0 –3.0 664.5 499.8 3.6 6.6 2078.3 16 Vodafone 143.9 –6.6 238.0 143.9 9.1 10.4 38451.0 17 Carnival 4371.0 +72.0 5060.0 4160.0 3.4 12.7 31578.6 56 Intertek 4609.0 –163.0 6014.0 4387.0 1.5 26.0 7438.6 18 Relx 1558.5 +28.5 1782.0 1429.5 2.5 19.0 30713.9 111 Weir 1550.5 –49.0 2325.0 1409.0 2.8 21.5 4022.5 45 Centrica 154.3 +9.2 167.2 124.1 7.8 16.4 8707.1 36 International Airlines Group 643.4 +29.2 726.6 557.0 3.7 5.2 12759.8 132 Renishaw 4006.0 –332.0 5775.0 3670.0 1.3 22.0 2915.9 46 Whitbread 4593.0 –90.0 4728.0 3512.0 2.2 19.3 8434.4 109 Cineworld 296.8 –11.2 670.5 97.9 1.9 31.1 4069.6 167 International Public Partnerships 155.4 +1.0 160.5 138.2 4.4 19.0 2188.4 78 Rentokil Initial 313.0 +0.8 355.1 258.7 1.2 31.1 5769.6 189 William Hill 193.6 –27.5 338.0 193.6 6.8 - 1666.2 158 Close Brothers 1512.0 +16.0 1660.0 1316.0 4.0 11.2 2285.0 141 Intu Properties 195.6 +2.8 253.0 148.6 7.2 - 2649.8 110 Rightmove 450.1 –9.9 535.0 388.9 1.3 27.1 4035.0 180 Witan Investment Trust 1034.0 +2.0 1138.0 995.0 2.2 - 1834.0 146 Cobham 103.8 –3.5 136.4 103.8 - 10.9 2483.1 119 Investec 497.1 –0.3 648.6 461.4 4.7 10.0 3385.5 10 Rio Tinto 3849.5 –3.5 4492.0 3440.5 5.7 9.2 66295.2 130 Wizz Air Holdings 2958.0 +243.0 3797.0 2329.0 - 15.0 3034.2 44 Coca Cola HBC 2372.0 +4.0 2801.0 2216.0 2.0 21.8 8736.7 71 ITV 150.6 –5.2 180.4 142.4 5.2 14.5 6062.3 127 RIT Capital Partners 2020.0 nc 2130.0 1844.0 - - 3138.1 98 Wood 665.0 –10.8 796.4 521.4 1.3 - 4532.2 24 Compass 1537.5 nc 1709.5 1425.0 2.2 21.5 24355.0 165 IWG 246.8 +7.6 326.8 190.9 2.3 24.2 2217.4 34 Rolls-Royce 814.4 –19.6 1094.0 814.0 1.4 7.2 15355.4 181 Workspace 996.5 –6.5 1165.0 913.0 2.3 9.6 1797.4 128 Convatec 156.5 –8.9 239.0 146.9 2.8 17.2 3077.0 108 Jardine Lloyd Thompson 1886.0 +4.0 1898.0 1212.0 1.8 37.0 4131.0 143 Rotork 298.5 –6.3 361.4 252.3 1.8 43.9 2598.6 40 WPP 857.0 –56.8 1471.0 857.0 7.0 5.7 10813.7 29 CRH 2258.0 –73.0 2857.0 2081.0 2.7 11.8 18510.2 105 JD Sports 432.1 +9.6 521.4 318.0 0.4 16.8 4205.3 19 Royal Bank Of Scotland 251.9 +8.0 302.4 224.9 0.8 40.6 30349.6 69 Croda 4802.0 –30.0 5318.0 4153.0 1.7 26.0 6321.5 193 John Laing 332.4 +17.8 332.4 239.9 1.7 5.5 1631.3 1 Royal Dutch Shell A 2418.0 +15.5 2748.5 2175.5 6.0 12.2 200175.6 Price/earnings ratios are based on historic data, with yield and p/e values 113 CYBG 263.4 –11.6 364.2 253.0 0.4 49.7 3758.6 79 Johnson Matthey 2947.0 –122.0 3823.0 2836.0 2.6 19.0 5703.4 Royal Dutch Shell B 2462.5 +7.0 2841.0 2201.5 5.9 12.4 calculated from the most recent reported dividends and earnings per share, 70 DCC 6360.0 –245.0 7755.0 6235.0 1.8 24.6 6248.1 107 Just Eat 607.0 –55.6 890.0 586.8 - - 4132.6 117 Royal Mail 345.8 –21.9 631.0 338.4 6.7 13.5 3458.0 using trailing 12-month figures. 52-week highs and lows are end of day. 164 Dechra Pharmaceuticals 2174.0 –96.0 3168.0 1970.0 1.0 58.7 2228.4 157 Kaz Minerals 514.4 –46.8 1076.0 436.7 - 5.6 2305.1 121 RPC 812.4 +30.0 964.5 648.6 3.2 13.2 3301.4 nc = no change Data provided by Morningstar. Any enquiries please contact: 116 Derwent London 3109.0 +93.0 3235.0 2625.0 1.9 11.5 3467.6 86 Kingfisher 255.1 –7.9 362.5 241.8 4.2 13.9 5437.0 81 RSA Insurance 545.8 –10.2 681.8 535.4 3.6 18.6 5604.6 [email protected]