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10 The Sunday Times June 10, 2018 BUSINESS

Oliver Shah LETTERS

for his marriage to 31-year- week, as no-nonsense Send your letters, including bloated spending on the third “The only thing necessary for Pester is running out of road old Jade Holland Cooper chairman Jan du Plessis SIGNALS full name and address, runway at Heathrow if the the triumph of evil is for good later this summer. finally sacked the man whose AND NOISE . . . to: The Sunday Times, airport operator undertakes men to do nothing.” I’m Paul Pester, somehow still dent in last year’s £1.3m pay The White Shirt Company handling of several scandals 1 London Bridge Street, the scheme, reminded me of about to confront a £300m-a- chief executive of crisis- packet. Given the crisis at might seem like a two- had left the share price at less London SE1 9GF. Or email: a retail fitting-out project at year non-profit organisation stricken TSB, is the alpha- TSB, you might have thought pronged attack on power than half its 2015 value. [email protected] the airport before BAA was of the kind Johnson Mamil of the banking world: the lender’s action man couple Nick Wheeler and With his luscious mane of Letters may be edited taken over by the Spanish describes. To justify my a 54-year-old never happier would be giving this year’s Chrissie Rucker, who run hair and matinee idol good company Ferrovial (“Airlines intervention I have chosen than when he’s cycling, triathlon on August 4 a miss. Charles Tyrwhitt Shirts and looks, Patterson, 50, could We must work harder plot to hijack Heathrow John Stuart Mill: “Let not any running or swimming in his Apparently not: there’s no The White Company easily find a new career as a to keep shops open runway”, last week). At one pacify his conscience by tight Lycra one-piece. crisis too great — not even respectively. “All is fair in shampoo model — his Though there is little they can completion I was asked for the delusion that he can do Every year since 2014, wrongly declaring some of love and war,” sighs Wheeler. nickname is Palmolive Boy. do to improve the national feedback and said that the no harm if he takes no part, Pester has challenged his the bank’s customers dead — But some less-than- picture for some of the retail way they carried on meant and forms no opinion.” TSB underlings to race him in to stand in the way of Pester heartbroken BT staff seem to outlets feeling the pinch, our costs were double that of Peter Harris, Watford the London Triathlon. He and his Lycra. If any of the So long, Gavin — think he’d be more suited to business improvement working on a shop elsewhere. sponsors 100 TSB athletes other competitors are TSB flogging heartburn remedies. districts (BIDs) have been They were aghast — they had with £50 each, doubling that customers, he may have to like your hair A meme doing the rounds making a substantial impact expected the costs to be at BESTSELLING BOOKS for the few staff (two in 2017) run a little faster than usual. Flamboyantly coiffed BT features a mock-up of Burning Man festival in the on the high street by offering least three times more! The Chimp Paradox who beat his time. It can’t boss Gavin Patterson came Patterson on an advert for Nevada desert was started by tailored local support (“A Patrick Hogan, Beaconsfield, Steve Peters 1 Vermilion (6,521) have made too much of a crashing down to earth last Gaviscon indigestion tablets hippies — but now Silicon nation that no longer values Buckinghamshire Superdry star — rebranded “Gavisgon”. Valley tycoons have ruined its shopkeepers”, last week). Shoe Dog Phil Knight “Heartburn?” it asks. it, with this year’s theme of Newcastle, for example, Treading a bold path 2 Simon & Schuster (3,595) gets shirty “Share price turned to shit?” artificial intelligence. Danny has undergone a significant in the boardroom The Winning Formula JUST SAYING . . . Julian Dunkerton, the FUNNY BUSINESS Gavisgon is said to offer “fast, Fortson reports transformation since the vote It is disappointing that Luke David Coulthard whiskery founder of long-lasting relief”. for a BID in 2008. All the Johnson chose to give up 3 Blink (2,377) MAGAZINE, PAGE 59 The average . . . Superdry, has trademarked If only it were that easy. initiatives are developed in chairing two charities after Rich Dad Poor Dad The White Shirt Company. close collaboration with local their “prolonged mediocrity” 4 Robert T Kiyosaki I don’t have that Dunkerton left Superdry businesses, with a clear focus (“The boardroom dilemma: Plata (2,048) figure to my in March. The White Shirt May’s near-miss TWITTER POLL on providing a tangible to quit, speak out or stay?”). Be More Pirate Company trademark is for return on investment. Sharpening strategic 5 Sam Conniff Allende at Cavendish Portfolio Penguin (1,930) fingertips “clothing, footwear and Yes No As a result, Newcastle is priorities, reviewing the headgear”. There was an awkward one of the few places to have management structure and Black Box Thinking Matthew Syed “I’ve trademarked all sorts moment at Cavendish had a net gain in new retail having regular appraisals, 6 John Murray (1,704) of things in my time,” says Corporate Finance’s 30th 57% 43% outlets, and has seen double- creating benchmarks drawn Who Moved My Cheese? Dunkerton, 53. “Don’t get birthday bash last week digit growth in footfall. from better-performing Spencer Johnson too excited.” He says he has when Lord Feldman of Retail makes a huge charities and refocusing 7 Vermilion (1,511) been “incredibly busy” since Elstree, former Tory deputy contribution to the economic board agendas are a few of Start With Why leaving Superdry. treasurer and university vibrancy of our towns and the changes he could have 8 Simon Sinek “I forgot how many other tennis partner of David cities. We just need to work initiated, and it need not have Penguin (1,462) Marion Sears, who chairs businesses I have,” he says. Cameron, bumped into harder to keep shops open. taken undue time to do so. Bullshit Jobs David Graeber housebuilder Persimmon’s As well as buying The Lucky Theresa May, who cleared Adrian Waddell, chief Peter Reeves, Hove, 9 Allen Lane (1,428) remuneration committee, Onion group of country pubs out Dave’s cabinet. executive, Newcastle NE1, East Sussex The 4-Hour Work Week when asked by MPs what and hotels in the Cotswolds, It was all very polite, Following news of House Newcastle upon Tyne Timothy Ferriss workers are paid. he has built a cider factory apparently. Lord Leigh of of Fraser’s restructuring, Luke Johnson quoted 10Vermilion (1,413) Persimmon boss Jeff outside Cheltenham. Hurley, 59, stepped in to is the department Overspending is nothing Edmund Burke to offer an Bestseller List prepared by Nielsen Fairburn took home £75m Smart moves — that’s the escort the prime minister store format dead? new at Heathrow imperative to face up to a using data supplied by and copyright to Nielsen BookScan, taken from the earlier this year. venue and the booze sorted away. Another crisis averted. @ST_Business Willie Walsh’s “zero” complacent, incompetent or TCM for the four-week period confidence over avoiding otherwise ineffective board: May 6-June 2, 2018 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% 2.5% conservative estimates put BioMedica earns a royalty USD > GBP BioMedica peak sales at £1bn. Oxford from this medication, too. 7,800 CPI including housing current rate prev. month BioMedica stands to receive a The company made 7,600 $1.34 2.2% 2.3% royalty on every treatment. £37.6m in sales last year and U 0.01 Retail prices index current rate prev. month has right The deal is a critical part of is still loss-making. However, 12-month high: $1.44 7,400 low: $1.26 the strategy the company set ebitda losses fell from £7.1m 3.4% 3.3% EURO formula out two years ago of spinning in 2016 to £1.9m last year. 7,681.07 7,200 Average weekly earnings on prev. month on last year out or licensing its therapy Moreover, the use of DNA to 20.70 H:7,903.5 EUR > GBP 7,000 £515 0.4% 2.6% for growth pipeline rather than take on treat diseases is expected to 0.27% L:6,866.9 U U Unemployment current rate prev. month all the risk itself. grow into a $10bn sector with 6,800 €1.14 Oxford BioMedica is now the company well-placed to FTSE 250 V 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% It’s been a turbulent year for worth £594.9m. However, the take a share of this. low: €1.07 British biotech. Shield latest deal is not central to the Oxford BioMedica raised Source: Thomson Reuters Manufacturing output on the year on last month YEN Therapeutics, Faron and company’s core valuation. Its £19.3m through an equity RISERS FALLERS YEN > USD U2.9% V0.1% ImmuPharma have all key technology is a harmless placing in March to expand its Oxford BioMedica: 961.8p, U 38.6% Carpetright: 32p, V 13.5% on CVA Ophir Energy: 48.7p, V 13.1% on Retail sales on the year on last month crashed on failed clinical virus (lentivector), which it facilities. This will allow it to on Parkinson’s therapy deal Inmarsat: 473.9p, U 19.3% on takeover bid Guinea project delays RPC: 691p, ¥109.43 trials — leaving investors uses to introduce DNA cut prices for its customers, Auto Trader: 417p, U 17.8% on rebel V 12.4% on plastic clampdown U1.4% U1.6% 21,160.54 V 0.10 Gulf Marine Services: 41.8p, V 11.4% shouldering heavy losses. treatments into the cells of and produce more of its 175.62 H:21,278.5 shareholders : 156.4p, U 15.2% 12-month high: ¥114.72 on winning government contract Findel: on sentiment Stagecoach: 136.2p, low: ¥104.55 Yet Oxford BioMedica (our the patient and can be used in lentivectors in one go — 0.84% L:19,091.1 270p, U 14.9% on positive results V 10.8% on bus fears UK trade latest 3 mths prev. 3 mths latest 12 mths business editor’s share tip of many therapy areas. increasing yield 10 times. OIL balance (£bn) -6.9 -7.6 -26.6 the year) is soaring. The cell Its lentivectors are a key Biotech is not without its DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change and gene company’s stock component of Kymriah, a risks. Axovant’s share price 25,316.53 30,958.21 1,505.50 product has more than doubled this new treatment for childhood plunged last September after $76.46 U0.1% U0.4% U1.2% 681.32 H:26,616.7 465.30 H:33,484.1 8.67 H:1,588.0 year, fuelled by lucrative leukaemia developed by an Alzheimer’s drug it bought V 0.33 Budget deficit latest month prev. month year-to-date 2.77% L:21,138.2 1.53% L:25,199.9 0.57% L:1,415.8 12-month high: $80.50 (PSNB) in £bn deals it has signed with large . The drug has been from Glaxo Smith Kline failed low: $44.35 7.8 1.3 7.8 drugmakers. approved and costs $475,000 in clinical trials. However, NASDAQ SHANGHAI SENSEX GOLD It inked a potential $842m per treatment. Oxford Oxford BioMedica’s strategy 7,645.51 3,067.15 35,443.67 DOLLARS/TROY OZ (£623m) link with Axovant of spreading its risk and 91.18 H:7,697.4 7.99 H:3,587.0 216.41 H:36,444.0 Sciences last week. The US Oxford BioMedica partnering with larger drug 1.21% L:6,081.9 0.26% L:3,041.0 0.61% L:30,680.7 $1,297.79 10-YEAR BOND YIELDS % start-up will license Oxford makers will stand it in good V 0.46 BioMedica’s early-stage £10 stead. The company’s stock is S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months treatment for Parkinson’s, rising and is likely to climb 2,779.03 5,450.22 6,156.80 low: $1,210.29 high low 44.41 H:2,872.9 52.80 H:6,256.5 which promises to halt further if more deals follow, 15.31 H:5,657.4 BITCOIN UK 1.39 U 0.12 1.79 0.72 progression of the disease. It 5 as the company has 1.62% L:2,405.7 0.28% L:4,995.1 0.87% L:5,670.7 DOLLARS paid a $30m upfront, promised. Biotech is risky, NIKKEI DAX S&P TSX US 2.95 U 0.04 3.13 2.02 including $5m pre-payment but — as Oxford BioMedica is $7,636.54 0 22,694.50 12,766.55 16,202.69 JAPAN 0.05 0.00 0.11 -0.01 for manufacturing costs. showing — it can also come U 5.5 W 2017 2018 523.15 H:24,129.3 42.28 H:13,596.9 159.15 H:16,421.4 12-month high: $19,497.4 If Axovant is successful in with great rewards. Buy. 2.36% L:19,239.5 0.33% L:11,726.6 0.99% L:14,785.8 low: $919.5 GERMANY 0.45 U 0.08 0.80 0.19 commercialising the drug, Source: Thomson Reuters @sabahmeddings Price at 5pm Saturday

TOP 200 COMPANIES

Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Yield P/E Yield P/E Yield P/E Yield P/E on week high low (£m) on week high low (£m) on week high low (£m) on week high low (£m) 47 3i Group 967.4 +12.2 1029.5 853.0 3.1 - 9444.9 189 Domino's Pizza 385.6 +6.6 386.9 263.4 2.1 28.4 1897.2 145 Man 184.9 –0.2 217.7 148.7 3.8 16.4 3002.8 75 SEgro 671.8 +14.4 674.0 480.1 2.5 6.9 6707.2 93 Admiral 1902.5 –14.5 2178.0 1784.0 2.8 16.3 5418.0 73 EasyJet 1713.5 1780.5 1151.0 2.4 15.3 6806.2 99 Marks & Spencer 290.0 +5.4 369.3 264.5 6.4 181.2 4711.8 102 Severn Trent 1937.0 –49.0 2503.0 1703.0 4.2 15.7 4572.4 197 683.8 –26.2 983.0 683.8 4.0 16.5 1751.4 138 Electrocompnts 717.0 +4.6 730.0 568.6 1.8 21.3 3165.9 115 550.8 –56.8 812.5 507.5 1.4 59.2 4059.4 146 Shaftesbury 960.0 +43.0 1055.0 917.0 1.7 8.5 2946.1 165 Alliance 747.0 +3.0 769.0 689.0 1.8 - 2538.3 66 Evraz 499.4 –23.2 523.2 173.2 4.4 14.1 7151.7 121 498.3 +1.4 526.0 417.1 3.1 11.2 3868.9 16 Shire 3998.0 –37.0 4626.0 2953.5 0.6 11.5 36522.8 21 Anglo American 1849.4 +3.0 1926.4 959.4 1.9 10.2 25976.9 32 Experian 1883.0 +23.0 1890.0 1446.0 1.6 30.5 17313.2 101 Melrose 237.0 +0.5 261.2 198.8 1.4 - 4600.6 27 Sky 1340.0 +3.0 1380.0 900.0 - 28.3 23034.8 43 Antofagasta 1098.5 +27.0 1149.0 751.0 1.7 19.5 10829.6 37 Ferguson 5894.0 +2.0 5918.0 4460.0 1.7 17.5 14916.4 195 Mercantile Investment Trust 223.8 +1.4 225.0 189.6 2.7 - 1793.7 86 Smith (DS) 555.8 –6.6 579.2 442.8 2.7 27.4 5931.5 154 Ashmore 382.0 +7.6 433.2 332.3 4.4 18.1 2722.7 122 Foreign & Colonial 692.0 +6.0 692.0 586.0 1.5 - 3741.1 120 Merlin Entertainments 382.9 +11.7 505.0 318.4 1.9 18.7 3903.9 40 Smith & Nephew 1360.0 +9.0 1431.0 1215.0 1.7 21.0 11896.1 41 Ashtead 2375.0 +25.0 2398.0 1543.0 1.2 12.0 11856.6 53 Fresnillo 1216.0 –92.5 1725.0 1159.5 2.0 21.6 8960.6 158 Metro Bank 3328.0 +30.0 4040.0 3212.0 - 260.0 2675.5 67 Smiths 1784.5 +5.0 1790.0 1444.0 2.4 19.3 7057.2 28 Associated British Foods 2740.0 +101.0 3371.0 2389.0 1.5 20.8 21691.9 109 G4S 275.7 +0.2 341.1 238.4 3.4 17.7 4277.8 90 International 1336.0 +4.5 2739.0 911.8 5.4 26.0 5812.6 170 Smith WH 2034.0 +77.0 2347.0 1664.0 2.4 19.8 2240.6 6 Astra 5353.0 –68.0 5508.0 4325.0 3.7 33.9 67793.0 5 Glaxo Smith Kline 1528.0 +5.2 1722.0 1242.8 5.2 73.5 75144.8 58 Mondi 2097.0 +7.0 2130.0 1693.0 2.4 17.1 7701.0 69 Smurfit Kappa 2962.0 –140.0 3220.0 2150.0 2.4 19.0 7025.2 118 Auto Trader 417.0 +62.9 420.0 319.0 1.2 25.0 3978.9 9 Glencore 383.9 +2.5 415.0 276.6 1.4 13.0 55369.4 193 842.0 +17.0 842.0 676.5 0.2 - 1823.7 153 Sophos 595.0 +28.0 669.5 416.0 0.6 - 2742.2 116 Aveva 2496.0 +58.0 3054.0 1803.0 1.6 75.7 4023.7 191 Units 797.5 +27.5 841.5 685.0 1.8 14.8 1893.2 91 Morrison Supermarkets 246.2 +0.7 256.9 204.1 2.2 18.9 5800.2 130 2822.0 –23.0 2867.0 2229.0 1.9 14.4 3359.8 31 Aviva 506.6 –10.6 552.0 486.5 4.8 14.6 20331.1 188 Greene King 616.0 +36.0 735.5 458.9 5.4 10.9 1909.3 178 408.0 +4.0 422.2 340.9 3.1 16.7 2087.9 100 Spirax-Sarco 6375.0 +150.0 6400.0 5290.0 1.2 29.9 4688.2 108 854.2 –1.6 911.0 626.2 3.3 13.4 4318.8 184 699.6 +5.0 798.7 660.1 1.7 38.4 1970.5 20 National Grid 828.5 +0.1 1020.5 736.8 5.4 8.0 27854.3 168 Sports Direct International 424.5 +14.4 428.2 284.5 - 15.2 2293.6 29 BAE Systems 648.2 –4.6 677.0 535.5 3.3 24.3 20656.9 85 GVC Holdings 1055.0 +43.0 1056.0 748.0 1.4 - 6073.8 119 NEX Group 1029.0 +9.0 1037.0 558.0 3.8 55.9 3907.5 39 SSE 1342.5 –20.5 1508.0 1182.0 6.8 10.0 13627.2 177 303.0 –7.8 311.1 253.5 1.0 12.9 2089.9 94 Halma 1421.0 +53.0 1421.0 1075.0 1.0 38.7 5388.2 55 Next 6054.0 +264.0 6054.0 3617.0 2.6 14.6 8902.8 143 SSP 655.3 +10.2 710.4 488.0 1.3 30.3 3040.1 18 Barclays 199.0 –2.9 217.0 178.9 1.5 56.9 33956.9 110 533.4 –15.6 609.5 434.4 4.6 10.9 4236.4 70 NMC Health 3434.0 +22.0 3812.0 2077.0 0.3 51.4 7015.1 25 Standard Chartered 726.6 –25.8 849.2 700.8 - 42.2 23954.4 87 Barratt Developments 586.0 +26.6 700.0 519.8 4.2 9.5 5901.0 50 Hargreaves Lansdown 1962.0 +33.5 1971.5 1266.0 1.5 41.6 9306.1 82 Ocado 999.4 +127.2 999.4 238.7 - 6246.2 6310.5 83 St James's Place Capital 1193.0 –3.0 1270.5 1052.0 3.0 43.5 6306.1 44 Standard Life Aberdeen 351.0 –7.0 446.3 350.5 5.8 11.9 10450.6 126 BBA Aviation 332.8 +0.4 368.8 292.5 2.0 33.0 3433.7 156 Hays 186.3 +0.8 205.0 163.0 1.7 18.0 2702.5 42 Old Mutual 222.4 –16.3 260.9 188.0 3.1 28.1 10970.5 141 Beazley 593.0 –11.5 619.5 450.0 1.7 32.9 3117.4 162 HICL Infrastructure 143.3 +2.1 165.6 133.5 5.7 - 2564.4 194 536.0 –6.5 551.5 460.0 2.2 24.8 1821.8 196 Page Group 545.0 +6.5 560.0 440.6 2.2 20.6 1782.3 113 3392.0 +71.0 3792.0 2842.0 3.6 8.6 4165.3 131 1382.0 –10.5 1673.0 855.6 1.8 - 3326.2 140 Tate & Lyle 672.4 –5.4 736.0 526.0 4.2 12.6 3131.4 71 Pearson 882.8 –12.4 924.8 566.5 4.4 17.7 6917.7 88 Berkeley 4321.0 +65.0 4321.0 3093.0 3.2 7.9 5844.8 107 1510.0 –15.0 1532.0 1214.0 1.9 167.8 4333.4 84 Taylor Wimpey 191.1 +1.4 211.2 174.9 2.4 11.3 6259.3 132 Pennon 787.6 +31.6 919.5 583.4 4.7 16.5 3280.0 15 BHP Billiton 1763.6 +29.4 1779.2 1140.0 3.5 27.1 37247.2 152 884.5 +3.0 898.0 705.0 1.7 38.0 2748.2 187 Templeton Emerging Markets 732.0 +3.0 825.0 673.0 2.1 - 1942.7 54 Persimmon 2880.0 +15.0 2890.0 2231.0 4.7 11.9 8944.5 112 B&M European 419.1 +10.7 434.8 335.1 1.4 27.4 4191.0 133 Howden Joinery 518.8 +11.4 522.2 399.5 2.1 17.4 3265.4 24 Tesco 247.9 +2.0 250.4 166.5 0.4 20.5 24210.7 180 Petrofac 578.0 –20.4 651.8 353.8 7.3 - 1999.4 186 1019.0 +12.0 1027.0 739.5 1.6 20.0 1950.9 2 HSBC 729.9 +5.1 796.0 662.1 4.9 21.8 146396.1 190 235.0 +8.6 271.7 203.0 3.7 - 1896.8 144 Phoenix Group Holdings 773.0 –8.0 815.0 725.5 6.3 - 3036.8 3 BP 583.8 +7.1 592.8 439.8 4.8 37.1 116355.2 135 IG Group 871.0 +1.5 905.0 547.5 3.7 16.6 3204.3 166 TP Icap 427.1 +1.1 553.6 419.0 1.3 27.5 2406.0 164 803.6 +14.8 1016.0 725.0 3.7 12.1 2550.2 4 British American Tobacco 3656.0 –169.5 5567.0 3645.0 6.0 2.0 83855.5 136 IMI 1175.0 –5.0 1443.0 1013.0 3.3 22.0 3196.5 124 1414.5 +30.5 1609.0 1216.0 3.2 15.3 3566.3 200 Polar Capital Technology 1298.0 +32.0 1300.0 953.5 - - 1725.9 68 British Land 684.0 +2.8 697.0 590.5 4.3 11.8 7043.9 23 Imperial Brands 2584.5 –127.5 3597.5 2325.0 6.6 20.2 24649.3 45 TUI 1734.0 –8.0 1810.5 1109.0 3.3 14.0 10185.3 149 Polymetal International 661.6 –22.6 982.0 591.0 3.5 11.1 2845.6 179 777.0 –31.5 825.0 661.5 3.4 19.3 2048.6 137 Inchcape 762.0 +22.5 880.5 670.0 3.2 11.9 3178.0 127 245.4 –12.4 276.0 145.6 - - 3406.1 64 PP Betfair 8585.0 –450.0 9110.0 6665.0 2.1 33.6 7264.6 30 BT 204.9 –1.1 317.0 202.9 7.5 10.1 20334.9 125 490.0 +9.0 496.2 267.6 - 76.4 3554.6 111 UBM 1065.0 +40.0 1067.0 645.0 2.1 30.6 4197.1 12 Prudential 1836.0 –4.5 1981.0 1716.5 2.5 19.7 47502.5 175 BTG 557.5 –43.5 779.0 556.0 - 29.3 2150.5 74 Informa 817.6 +33.6 818.4 658.0 2.4 21.7 6737.1 173 UDG Healthcare 883.0 –10.0 959.0 742.0 1.1 73.9 2192.7 92 Randgold Resources 5830.0 –130.0 8190.0 5572.0 2.5 29.3 5504.4 59 Bunzl 2272.0 –36.0 2408.0 1936.0 1.9 24.3 7632.4 174 Inmarsat 473.9 +76.7 824.0 336.4 8.3 12.5 2161.2 10 Unilever 4115.5 –30.5 4548.5 3695.0 3.0 21.6 50693.4 51 Burberry 2114.0 +37.0 2177.0 1498.0 1.9 30.9 9267.4 49 Intercontinental Hotels 4915.0 +59.0 4935.0 3668.0 - 21.8 9338.0 14 Reckitt Benckiser 5874.0 +99.0 7996.0 5443.0 2.8 12.4 41365.0 169 Unite Group 860.5 +19.0 860.5 637.0 2.2 9.2 2263.6 163 Capital & Counties Properties 300.9 –3.2 319.9 253.1 0.5 - 2554.8 134 Intermediate Capital 1122.0 –43.0 1203.0 821.0 2.2 15.1 3257.2 167 Redrow 625.5 +16.5 664.5 542.0 2.7 8.0 2313.1 95 United Utilities 779.2 –1.6 993.5 656.0 5.0 12.4 5313.4 48 Carnival 4520.0 –290.0 5380.0 4468.0 2.7 17.1 9394.6 52 Intertek 5714.0 +214.0 5714.0 4174.0 1.2 32.4 9221.9 17 RELX 1673.5 +24.5 1782.0 1429.5 2.2 20.5 34572.1 182 Vedanta Resources 714.0 –5.4 954.0 578.5 5.8 - 1978.4 57 145.5 +0.6 209.0 124.1 8.2 24.2 7992.1 38 International Airlines Group 689.8 +4.0 704.4 578.0 3.2 6.1 14134.9 114 Renishaw 5605.0 +210.0 5775.0 3545.0 0.9 29.7 4079.8 199 Vesuvius 640.5 +6.0 652.5 530.5 2.6 47.8 1737.1 128 248.0 –9.4 670.5 97.9 3.5 34.4 3396.7 183 International Public Partnerships 146.0 +2.4 166.6 138.2 4.6 17.5 1970.7 80 Rentokil Initial 348.5 +4.5 353.0 258.7 1.0 9.4 6403.1 161 3046.0 +172.0 3046.0 1832.0 1.8 22.7 2613.7 172 Close Bros 1466.0 –23.0 1606.0 1316.0 4.1 11.2 2219.8 157 Intu Properties 197.9 –4.1 278.5 192.4 7.1 13.2 2680.9 104 Rightmove 4944.0 –23.0 4983.0 3889.0 1.1 31.9 4498.5 11 Vodafone 187.5 –7.4 238.0 187.5 7.0 13.5 50008.1 142 Cobham 123.6 –2.4 148.0 113.4 - 35.3 3047.9 123 552.2 –2.4 648.6 461.4 4.2 11.4 3681.1 8 Rio Tinto 4420.0 +128.0 4492.0 3000.0 3.9 12.3 59281.8 96 Weir 2200.0 –22.0 2325.0 1727.0 2.0 30.1 4938.5 46 Coca Cola HBC 2600.0 +43.0 2707.0 2199.0 1.5 25.2 9564.7 72 ITV 169.1 +4.8 185.3 142.4 4.3 16.6 6809.0 139 RIT Capital Partners 2040.0 +20.0 2045.0 1835.0 - - 3160.0 60 Whitbread 4145.0 –50.0 4331.0 3512.0 2.3 17.3 7601.7 22 Compass 1579.0 –17.5 1745.1 1425.0 2.2 22.1 25968.1 148 IWG 318.3 +7.8 364.8 190.9 1.7 25.9 2898.0 35 Rolls-Royce 835.4 –1.6 981.0 814.0 0.6 3.7 15537.1 159 William Hill 309.8 –13.2 338.0 240.0 4.1 - 2660.8 105 Convatec Group 226.3 –1.3 335.4 182.0 0.4 38.3 4416.2 155 Jardine Lloyd Thompson 1242.0 +4.0 1448.0 1144.0 2.6 22.7 2720.4 147 337.0 –3.9 356.6 223.5 1.5 52.7 2933.4 185 1100.0 +12.0 1108.0 995.0 2.0 - 1955.2 198 Cranswick 3448.0 +68.0 3448.0 2756.0 1.3 26.3 1740.2 117 JD Sports 409.5 +29.5 441.8 303.3 0.4 17.2 3985.4 19 Royal Bank Of Scotland 267.6 –11.7 302.4 241.2 - 25.0 32021.0 181 Holdings 3452.0 –60.0 3716.0 2277.0 - 18.1 1984.1 26 CRH 2825.0 +40.0 2882.0 2338.0 2.0 15.0 23625.1 63 Johnson Matthey 3788.0 +133.0 3789.0 2727.0 2.0 19.3 7331.0 1 Royal Dutch Shell A 2606.5 –10.0 2748.5 2035.0 5.2 20.0 220952.5 106 Wood 644.2 –33.8 736.5 521.4 3.9 - 4365.8 81 Croda 4830.0 +111.0 4836.0 3675.0 1.6 27.0 6358.4 176 460.8 +6.6 631.4 445.0 3.7 13.7 2109.1 Royal Dutch Shell B 2700.0 +2.0 2841.0 2056.0 5.0 20.7 192 Workspace 1140.0 +5.0 1165.0 855.0 1.9 9.2 1860.5 160 CYBG 298.0 +6.2 340.3 264.9 0.3 56.2 2636.1 89 Just Eat 859.2 +10.2 890.0 601.0 - - 5842.9 97 Royal Mail 482.3 –13.9 631.0 369.9 4.8 13.5 4823.0 36 WPP 1216.0 –25.5 1688.0 1094.0 4.9 8.5 15395.9 79 DCC 7205.0 –35.0 7755.0 6475.0 1.5 31.8 6426.9 103 Kaz Minerals 1012.5 +29.9 1076.0 465.0 - 13.7 4524.4 151 RPC 691.0 –98.2 993.0 680.6 3.5 13.6 2818.6 150 Dechra Pharma 2760.0 –32.0 2858.0 1647.0 0.8 60.0 2822.9 78 Kingfisher 301.4 –3.6 362.5 278.8 3.5 13.7 6497.6 77 RSA Ins 643.4 –18.0 675.8 593.5 2.7 24.6 6579.4 Price/earnings ratios are based on historic data, with yield and p/e values 129 3045.0 +24.0 3235.0 2607.0 1.8 10.8 3394.4 62 Land Securities 939.3 +4.3 1155.2 906.8 4.5 40.8 7427.5 65 Sage 671.0 +7.0 821.4 598.4 2.3 28.3 7252.7 calculated from the most recent reported dividends and earnings per share, 7 Diageo 2724.0 +8.0 2770.0 2247.5 2.3 21.4 67692.7 33 Legal & General 270.2 –1.4 286.2 249.5 5.4 8.9 16100.3 76 Sainsbury, J 304.8 –10.8 319.2 224.8 3.3 31.8 6674.1 using trailing 12-month figures. 52-week highs and lows are end of day. 98 Direct Line Insurance 347.8 –5.5 411.3 346.9 4.7 11.0 4782.2 13 Lloyds Banking Group 62.9 –0.4 72.1 62.5 1.6 13.3 45332.2 56 Schroders 3253.0 –18.0 3773.0 3079.0 3.0 15.4 8760.0 nc = no change Data provided by Morningstar.Any enquiries please contact: 171 193.5 +3.5 320.3 149.1 - 9.1 2231.6 34 4504.0 +20.0 4554.0 3399.0 1.0 30.0 15583.8 61 Scottish Mortgage 528.0 +16.5 528.5 391.4 0.6 - 7443.4 [email protected]