12 The Sunday Times November 10, 2019 BUSINESS

Liam Kelly LETTERS

deadpanned. “There’s Easterbrook was sacked as Send your letters, including electric vehicle continues to committed many faults, the You wing tsun, you lose some another story there but I’ve McDonald’s chief executive SIGNALS full name and address, improve as the market grows. newspaper’s condition only got 11 minutes and 16 last Sunday for having a AND NOISE . . . to: The Sunday Times, Audrey Gallacher, director should not be exaggerated. Its Leon founder John Vincent discovered the martial art seconds [left].” consensual relationship with 1 Bridge Street, of policy, Energy UK, circulation has dwindled by may know how to kung-fu wing tsun and applied its FTSE 100 grocer Ocado is a colleague — subsequently London SE1 9GF. Or email: London EC2 some 60% since acquisition kick, but it doesn’t stop him teachings to his career. suing Jonathan Faiman, who he resigned from the board [email protected] by the Barclay brothers in putting his foot in it. On stage at Leon’s HQ in went to nursery school with of retailer Walmart. Letters may be edited BMW’s loose words 2004, but several rivals have Among those celebrating Southwark, south London, Steiner, amid claims of On Tuesday it emerged cost Rover dear seen bigger declines and The the launch of the fast-food Vincent, 48, asked the crowd corporate espionage. that Boeing boss Dennis Smart meters are a boon I disagree with the Independent has abandoned boss’s book — and enjoying the name of the hymn that Faiman, 50, who denies Muilenburg had given up to electric-car drivers assessment of BMW and its print edition altogether. the “healthy” chain’s includes the lines, “Whose wrongdoing, set up a rival to tens of millions of dollars in The claims made in last Rover in “Pile up! Disastrous There are systemic meatballs and gluten-free strong hands were skilled / Ocado and struck a deal with bonuses after 346 people week’s article about electric mergers in the car industry”, problems debilitating the chicken nuggets — last At the plane and the lathe”. Waitrose, since torn up. died when two of the vehicles and smart meters are last week. BMW acquired industry that all titles need to Wednesday were former When the answer came that Can’t wait to hear the rest. planemaker’s aircraft driving in the wrong direction Rover Group at a time when it address, and it will take more chancellor George Osborne, it was Lord of All crashed last year. (“Smart meter plan ‘will put was making something called than one editor to solve. Sir Lawrence Freedman, the Hopefulness, he let out a cry McDonald’s didn’t kill brake on electric cars’ ”). profit and selling in excess of Robert Frazer, Stockport war historian, and BBC of recognition, “Oh, Liz is The price of anybody and Easterbrook, Smart meters are essential 400,000 vehicles a year — broadcaster Katie Derham, here! That’s awkward — my 52, had turned the food giant While running a start-up, to the roll-out of electric hardly an ailing company. Vincent’s wife. ex-girlfriend,” before hastily lovin’ it around, but he lost his job. should you employ your vehicles. They help motorists The “comeback car”, the BESTSELLING BOOKS Vincent’s tome, Winning adding, “Don’t worry, Katie”. Business ethics across the Muilenburg, 55, is still in partner? It can be easier than save money by charging while Rover 75, struggled to sell in not Fighting, is about how he Vincent made it up to Pond may need a reset. Steve post — unlike his predecessor hiring externally, but the big power is cheapest and bigger numbers largely due to Factfulness Hans Rosling, Ola Rosling, Anna Derham, 49, at the end of his Harry Stonecipher who was challenge is to safeguard cleanest — when demand is the reputational damage 1 Rosling Ronnlund speech by toasting her fired in 2005 for doing an your relationship, says tech low. This will limit the extra inflicted by BMW on its Sceptre (3,976) receiving an honorary Easterbrook. entrepreneur Alex Depledge demand that electric cars put “English patient” as the Rebel Ideas JUST SAYING . . . FUNNY BUSINESS Matthew Syed doctorate from Chester Land of the free, home of on the network at peak times. car made its debut at the 2 John Murray (3,629) University. And bringing her the brave Lothario! STYLE, PAGE 55 As the trade body 1998 Motor Show. This Let’s be clear, we Twenty Years of TalkSport on stage to dress her in a lab representing 90% of energy announcement by BMW’s 3 TalkSport (3,531) underperformed coat and stethoscope. suppliers and generators, we then chairman, Bernd Shoe Dog believe that this is the best Pischetsrieder, related to the Phil Knight Lord, make me TWITTER POLL 4 Simon & Schuster (2,846) because of our way to manage demand while high value of sterling and the green but not yet The Infinite Game own execution Nursery pals still Good idea Bad idea maintaining customer choice. need for new working Simon Sinek Running late to give a talk in So it’s not accurate to state practices at the Longbridge 5 Portfolio (2,778) issues throwing toys Madrid, Italian-American that the “industry” favours plant to cut operating costs. Rich Dad Poor Dad Tim Steiner knows how to economist Mariana 54% 46% forcibly interrupting people Sadly, the criticism created Robert Kiyosaki 6 Plata (2,753) keep a story brief. Speaking Mazzucato took to Twitter to charging their cars. Energy commercial damage for the Everything is Figureoutable during a 15-minute slot at the let her followers know why. UK is firmly opposed to this Rover 75 and Rover Group’s Marie Forleo Tech Track 100 awards “Madrid traffic is making proposal. It is equally wrong core brand, namely Rover. 7 Portfolio (2,634) dinnerin the City last me a tad late for meeting,” to claim that any suppliers David Morgan, Seaton, Devon Start With Why Simon Sinek Tuesday night, he talked tweeted Mazzucato, 51, are opposed to flexible rates, 8 Penguin (2,115) about the genesis of Ocado. founding director at UCL’s when they all view these as Barclay twins are not the StrengthsFinder 2.0 Marks & Spencer chief “I started the business Institute for Innovation and playing a critical role in the root of Telegraph’s troubles Tom Rath executive Steve Rowe after with two friends — one ex- Public Purpose. “We need Is cutting traders’ working future energy system. The Daily Telegraph was 9 Penguin (1,837) the chain suffered a 17% friend and one friend — sustainable carbon-free hours to boost diversity We will continue to work described as “part of the Black Box Thinking Matthew Syed drop in adjusted pre-tax 19 years ago. I’m suing one cities!” Maybe ditching the at the London Stock alongside a wide range of civil fabric of Britain” that’s 10 John Murray (1,824) profits to £177m for the six at the moment for theft,” car would help. Exchange a good idea or stakeholders, including broken down (“The slow Bestseller List prepared by Nielsen using data months to the end of Steiner, 49, a former liam.kelly@ a bad idea? consumer representatives, to decline of a British supplied by and copyright to Nielsen September Goldman Sachs trader, sunday-times.co.uk @ST_Business ensure that the customer institution,” last week). BookScan, taken from the TCM for the experience of charging an Though the management has four-week period September 1 to September 28 DATABANK INSIDE THE CITY BEN WOODS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 DOLLAR services. HSBC is one of its enough to significantly dent FTSE 100 USD > GBP 1.7% 1.7% IT crowd biggest customers. the numbers, though: half- 7,500 CPI including housing current rate prev. month The bank’s cost-cutting year sales to June rose 14% to $1.28 1.7% 1.7% drive sparked concerns that £134m, and pre-tax profits 7,250 V 0.02 expected 12-month high: $1.34 Retail prices index current rate prev. month FDM’s contract could be hit. climbed 9% to £25m. If Brexit low: $1.20 That, coupled with fears that leads to a downturn, the hit 7,000 2.4% 2.6% EURO to weather a Brexit blow to the economy could be more severe. That 7,359.38 Average weekly earnings on prev. month on last year EUR > GBP could choke off demand said, FDM has weathered 56.96 H:7,727.5 6,750 from customers such as the economic storms before. 0.78% L:6,536.5 £542 U0.2% U3.6% the storms government, has rattled While rival IT services 6,500 €1.16 Unemployment current rate prev. month FTSE 250 W 0.00 investors. firms suffered when the 2018 2019 12-month high: €1.18 1.31m 3.9% 3.8% HSBC may struggle to raise The shares are down 26% financial services sector low: €1.07 Source: Re initiv Manufacturing output on the year on last month much Christmas cheer at its to 756p since May, although reined in costs during the RISERS FALLERS YEN Canary Wharf headquarters. they have recovered a little banking crisis 11 years ago, Saga: 58.1p U 20.6% on continuing Intu: 35.3p V 19.3% on cash shortage YEN > USD V1.7% V0.7% A long shadow has been cast from their fall to 647p in FDM proved resilient. It revival : £53.75 Funding Circle: 99p V 15.2% on Retail sales on the year on last month over this year’s party season October when the HSBC recorded sales growth of U 18.7% on raising expectations continuing woes Woodford Patient TI Fluid Systems: 220.5p U 15.7% on Capital Trust: 32.3p V 14.8% on NAV ¥109.27 U2.1% V 0% by the banking giant’s announcement was made. 4.8% and 1.3% respectively in 20,357.63 broker note Superdry: 471.8p U 14.3% cut William Hill: 172.4p V 14.6% on U 1.10 announcement last month of That sell-off seems harsh. The 2008 and 2009 — and 198.86 H:20,439.9 on turnaround hopes : MPs’ calls for reform : £12.69 12-month high: ¥114.20 14% on analyst downgrades low: ¥104.44 plans to axe up to 10,000 jobs. HSBC cuts are not expected to remained profitable. Part of 0.99% L:17,054.7 467p U 14% on reassuring investors V UK trade latest 3 mths prev. 3 mths latest 12 mths FDM Group, an IT services affect the FDM contract. that is down to FDM’s price OIL balance (£bn) -4.6 -17.6 -50.4 business valued at £825m on However, the Brexit fog has advantage: it charges a third DOLLARS/BARREL DOW JONES FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change AIM, London’s junior market, had an impact. Rod Flavell, less than the market rates. HANG SENG product has also suffered in the chief executive, admitted at Analyst Peter McNally at 27,681.24 27,651.14 1,588.91 $62.51 V 0.2% U0.5% U1.2% 0.82 fallout. The company, set up July’s half-year update that Panmure Gordon backs FDM 333.88 H:27,774.7 550.38 H:30,280.1 23.38 H:1,595.4 U Budget deficit latest month prev. month year-to-date 1.22% L:21,712.5 2.03% L:24,896.9 1.49% L:1,291.0 12-month high: $75.60 (PSNB) in £bn in 1991 by Rod Flavell and his the company had seen “lower to remain strong, with sales low: $49.93 -9.4 -5.6 -40.3 wife, Sheila, who still run the activity” with the up 10% to £270m and profits NASDAQ SHANGHAI SENSEX GOLD business, trains graduates government. It was not up 6% to £54m for the year. 8,475.31 2,964.18 40,323.61 DOLLARS/TROY OZ and former servicemen and Of the £40.5m in expected 88.91 H:8,483.2 5.99 H:3,288.5 158.58 H:40,749.3 women to become IT experts FDM net operating cash flow, he 1.06% L:6,190.2 0.20% L:2,440.9 0.39% L:34,426.3 $1,466.60 10-YEAR BOND YIELDS % and then contracts them out thinks £35.3m will be paid in 44.65 V variation 12 months to blue-chip companies. It re- £10 dividends. McNally has set a S&P 500 CAC 40 ALL ORDS 12-month high: $1,548.98 low: $1,201.80 high low listed five years ago after a target of £11.40 — 51% above 3,093.08 5,889.70 6,833.20 management buyout backed the current share price. 26.17 H:3,097.0 127.81 H:5,894.8 54.10 H:6,958.7 BITCOIN UK 0.79 U 0.13 1.57 0.34 by private equity in 2009. 8 As digital transformation 0.85% L:2,346.6 2.22% L:4,556.0 0.80% L:5,478.4 DOLLARS US 1.94 U 0.23 3.24 1.43 FDM’s staff — nicknamed and the AI revolution sweep NIKKEI DAX S&P TSX “mounties” after it bought through the workplace, the 23,391.87 16,877.42 $8,805.39 JAPAN -0.06 U 0.11 0.13 -0.29 Mountfield Software in 1995 — 6 need for IT services will 13,228.56 V 550.71 541.10 H:23,591.1 267.51 H:13,300.8 283.35 H:16,947.2 12-month high: $13,796.49 specialise in software testing, 2018 2019 strengthen. FDM should be a low: $3,191.30 GERMANY -0.26 U 0.12 0.48 -0.74 2.37% L:18,948.6 2.06% L:10,279.2 1.71% L:13,776.9 Price at 5pm Saturday development and helpdesk Source: Re initiv winning bet. Buy.

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) 45 3i Group 1139.0 +1.2 1189.0 754.6 3.1 - 8962.3 179 Diploma 1690.0 +76.0 1701.0 1150.0 1.5 33.2 1913.8 154 Kaz Minerals 514.2 +31.7 738.4 380.3 1.9 6.5 2429.2 58 Sage 733.8 +10.6 820.4 536.2 2.2 25.6 7990.6 165 295.0 +1.9 306.5 229.8 3.2 - 2130.5 112 Direct Line Insurance 275.7 +3.2 366.5 272.1 7.6 8.8 3790.9 101 Kingfisher 217.8 +8.7 266.2 185.9 5.0 25.0 4595.9 102 Sainsbury, J 201.0 –3.6 322.0 177.1 5.5 118.2 4447.4 75 Admiral 2080.0 +59.0 2300.0 1958.0 4.3 15.1 6108.7 91 EasyJet 1303.5 +41.5 1347.5 854.8 4.5 26.8 5177.6 68 Land Securities 882.0 –50.2 963.0 735.4 5.5 - 6539.7 48 Schroders 3234.0 +129.0 3262.0 2334.0 3.5 19.4 8684.8 173 798.6 +3.8 855.2 691.8 3.4 16.4 2045.4 126 725.0 +37.4 729.8 480.0 1.8 21.8 3235.1 33 Legal & General 269.4 +3.5 291.2 216.7 6.1 8.6 16069.9 49 Schroders N/V 2435.0 +70.0 2590.0 1962.0 4.7 14.6 8684.8 131 Alliance 818.0 +4.6 845.5 669.0 1.7 - 3098.7 140 Entertainment One 557.5 +1.5 589.0 336.4 - - 2780.3 13 Lloyds Banking Group 56.3 –1.0 66.6 48.6 5.8 18.8 39416.3 51 Scottish Mortgage 520.0 +2.9 568.5 440.2 0.6 - 8511.3 20 Anglo American 2064.5 +21.0 2266.0 1539.0 3.8 8.2 28411.6 86 Evraz 370.8 –8.8 709.4 367.2 22.5 4.3 5383.7 22 6904.0 –134.0 7514.0 3867.0 0.9 50.8 24146.0 44 Segro 836.0 –4.0 850.8 585.2 2.2 9.7 9168.0 43 Antofagasta 932.8 +42.6 1022.5 738.0 3.7 19.0 9196.1 27 Experian 2388.0 –32.0 2631.0 1793.0 1.4 40.9 21697.0 159 Man 147.5 +2.1 175.1 126.8 6.2 10.3 2247.4 180 156.4 –0.6 157.6 84.1 - 34.5 1913.4 120 Ashmore 497.0 +22.6 542.5 341.2 3.3 19.9 3542.3 103 F&C Investment Trust 730.0 +3.8 737.0 616.0 1.6 - 4406.9 118 Marks & Spencer 186.0 +6.2 299.1 163.9 7.3 40.5 3627.1 88 Severn Trent 2213.0 –37.0 2317.0 1770.0 4.0 16.6 5265.5 40 Ashtead 2359.0 –21.0 2392.0 1586.5 1.4 13.8 10783.1 34 Ferguson 6742.0 +174.0 6742.0 4749.0 2.3 18.0 15294.5 141 374.3 +5.4 384.9 293.4 2.1 - 2759.4 89 Smith (DS) 383.4 +20.5 385.9 292.2 3.9 426.0 5261.7 28 Associated British Foods 2443.0 +193.0 2638.0 2041.0 1.9 22.0 19340.6 195 Fidelity China Special Situations 224.0 +7.7 250.5 182.6 1.7 - 1699.3 94 639.6 +18.2 643.0 458.0 2.6 34.6 4971.8 36 Smith & Nephew 1650.5 –13.5 1990.0 1380.5 1.7 26.4 14445.8 190 Assura 72.9 –1.1 75.4 52.5 3.7 20.8 1757.3 187 Finsbury Growth & Income 889.0 +0.8 966.0 739.0 1.9 - 1792.5 39 Melrose 225.3 +7.3 226.0 146.3 2.0 - 10945.7 67 Smiths 1659.5 +19.5 1692.0 1315.0 2.7 47.3 6574.8 5 Astra Zeneca 7277.0 –188.0 7580.0 5325.0 3.2 55.9 95467.3 71 Flutter Entertainment 8072.0 –138.0 8210.0 5525.0 2.5 34.4 6317.1 162 Mercantile Investment Trust 230.0 +2.9 239.0 168.0 2.7 - 2182.1 144 Smith WH 2314.0 +94.0 2314.0 1697.0 2.3 27.5 2662.5 96 Auto Trader 534.2 –10.0 606.0 417.0 1.2 24.0 4938.6 95 Fresnillo 673.4 –46.6 1027.5 601.0 3.2 33.1 4962.2 119 International 1077.0 +54.6 2160.0 1004.0 8.2 6.4 3590.5 69 Smurfit Kappa 2684.0 +48.0 2760.0 1934.0 3.2 - 6384.5 66 Aveva 4248.0 +32.0 4256.0 2284.0 1.0 203.2 6860.4 127 G4S 206.0 nc 234.3 168.3 4.7 82.4 3196.3 185 Mitchells & Butlers 426.0 –2.5 432.0 238.0 - 16.6 1828.1 163 1096.0 +134.0 1096.0 565.0 1.2 31.9 2172.8 31 Aviva 430.7 +11.0 438.8 352.3 7.0 7.4 16870.7 192 Games Workshop 5375.0 +847.0 5375.0 2800.0 2.9 26.8 1747.2 56 Mondi 1709.0 +75.0 1898.0 1510.5 4.0 9.9 8298.1 139 Sophos 572.0 +4.2 577.0 298.2 0.7 440.7 2795.3 145 522.0 –18.4 616.2 416.7 5.7 13.2 2639.2 174 Genus 3080.0 +164.0 3080.0 2124.0 0.9 258.8 2004.2 184 Moneysupermarket 345.1 –3.4 417.7 267.0 3.2 19.7 1851.2 130 2692.0 +234.0 2898.0 1992.5 2.3 65.8 3121.5 29 BAE Systems 579.6 –1.8 588.2 443.9 3.8 14.0 18575.6 7 Glaxo Smith Kline 1737.0 –24.0 1782.0 1418.0 4.6 19.0 86657.5 171 922.0 +3.8 970.0 710.0 0.2 - 2082.2 73 Spirax-Sarco 8440.0 +360.0 9400.0 5900.0 1.2 28.2 6217.5 19 Barclays 166.4 –0.7 176.8 136.2 4.2 15.5 28746.7 16 Glencore 254.4 +13.4 340.3 222.1 6.2 46.2 34083.2 98 Morrison Supermarkets 198.9 +0.4 251.4 176.9 3.3 15.5 4783.0 196 Sports Direct International 319.2 +5.0 325.6 214.0 - 14.9 1665.1 37 SSE 1250.0 –40.5 1322.5 1008.0 7.7 9.2 12949.1 70 Barratt Developments 626.8 –7.2 683.0 434.0 4.4 8.7 6382.1 181 Units 801.5 +6.5 937.0 630.0 2.2 12.6 1912.2 193 Murray International Trust 1248.0 +3.3 1299.5 1058.0 4.2 - 1711.4 128 BBA Aviation 306.0 –3.0 324.8 207.0 3.6 39.0 3165.8 157 Greencoat UK 146.6 +0.6 149.2 124.0 4.7 - 2305.4 138 SSP 639.0 +3.0 748.1 608.0 1.7 24.3 2842.6 158 444.0 –0.6 462.0 361.4 3.3 16.1 2272.1 133 Beazley 577.0 –3.5 628.0 492.6 2.1 24.6 3056.3 188 1771.0 –34.0 2476.0 1183.0 2.0 23.8 1791.5 24 Standard Chartered 726.0 +20.0 736.8 567.2 2.3 58.5 23204.5 18 National Grid 889.9 –10.5 925.8 748.7 5.2 20.2 30974.8 108 3168.0 –22.0 3536.0 2419.0 4.5 7.2 3902.0 177 777.0 –12.0 799.6 649.4 1.5 45.4 1978.9 77 St James’s Place Capital 1065.5 +27.0 1143.0 913.6 4.5 38.0 5691.9 46 Next 6600.0 –30.0 6850.0 3991.0 2.5 14.7 8793.1 82 Berkeley 4450.0 –23.0 4541.0 3226.0 0.9 9.5 5601.9 99 GVC Holdings 803.2 –94.2 897.4 507.5 4.0 - 4674.4 61 Standard Life Aberdeen 310.5 +5.2 313.0 224.9 7.3 - 7315.8 97 NMC Health 2318.0 +93.0 3678.0 1801.5 0.8 22.9 4842.4 6 BHP 1726.8 +53.4 2049.0 1497.2 4.6 13.2 87319.7 62 Halma 1907.0 +9.0 2094.0 1282.0 0.8 42.6 7239.8 124 Tate & Lyle 718.4 +42.8 800.4 658.4 4.1 14.7 3364.8 53 Ocado 1189.5 –149.5 1435.0 749.8 - - 8412.8 178 1151.0 +2.0 1152.0 858.5 2.8 14.8 1923.7 164 281.6 –7.3 444.7 203.9 9.2 - 2157.9 84 Taylor Wimpey 167.8 –0.2 192.2 129.3 3.7 8.4 5503.6 83 Pearson 706.0 +21.0 1027.5 674.2 2.6 12.3 5521.4 113 B&M European 373.2 –2.4 426.0 278.6 2.0 18.2 3734.1 55 Hargreaves Lansdown 1752.5 +15.5 2433.0 1633.0 1.9 33.7 8312.4 156 Templeton Emerging Markets 803.0 +6.4 833.4 665.0 2.0 - 2311.5 115 Pennon 873.4 –19.4 924.0 684.2 4.5 17.2 3676.2 4 BP 508.6 +11.5 582.5 484.9 6.5 26.8 103328.7 155 Hays 161.6 +1.6 165.3 135.7 2.4 14.7 2370.9 23 Tesco 237.9 nc 253.0 189.6 2.4 17.8 23298.7 65 Pershing Square Holdings 1828.0 –0.9 1962.0 1232.0 2.2 - 7035.3 10 British American Tobacco 2885.5 +144.0 3314.5 2375.0 6.9 10.7 66188.9 199 HICL Infrastructure 136.6 +1.3 137.7 122.2 5.2 - 1626.1 117 1448.0 –7.0 1490.0 1004.5 3.2 49.1 3651.0 59 Persimmon 2358.0 +69.0 2471.0 1836.0 10.0 8.5 7514.9 87 British Land 573.0 –38.6 638.4 468.3 5.4 - 5309.6 100 Hikma Pharmaceuticals 1899.0 –111.0 2200.0 1510.5 1.6 16.2 4601.5 151 Tritax Big Box Reit 147.0 –4.0 159.7 129.0 4.6 10.6 2509.2 92 Phoenix 708.8 –8.3 724.8 544.0 6.5 9.3 5114.0 150 953.5 –20.5 1068.0 782.5 3.0 21.4 2533.5 116 Hiscox 1269.0 –206.0 1777.0 1254.0 2.6 37.0 3661.1 200 TR Property Investment Trust 445.5 +0.4 452.0 351.0 3.0 - 1623.1 170 Polar Capital Technology Trust 1466.0 +3.5 1510.0 1066.0 - - 2082.8 30 BT 187.1 –16.2 263.0 158.9 8.2 8.6 18493.5 110 1164.0 –48.0 1263.0 849.0 1.7 36.0 3894.9 76 Tui 1034.0 +3.0 1284.0 698.0 6.2 12.2 6089.4 78 Polymetal International 1210.0 –62.0 1272.0 700.2 3.1 20.8 5689.3 64 Bunzl 2090.0 +78.0 2551.0 1943.0 2.4 21.0 7038.8 121 Howden Joinery 581.2 –3.0 585.8 416.4 2.0 17.9 3479.3 137 208.5 –1.1 250.0 165.1 1.8 28.5 2931.2 54 Burberry 2044.0 +9.0 2345.0 1623.5 2.0 25.0 8369.4 3 HSBC 595.6 +6.8 680.6 580.9 6.9 11.5 120656.3 194 Primary Health 140.0 –0.8 141.8 108.0 3.9 - 1700.2 176 UDG Healthcare 799.5 +20.5 821.0 551.0 1.5 100.7 1993.5 175 3015.0 +1.0 3131.3 2705.0 2.0 - 2003.8 153 IG Group 658.2 +18.2 658.2 474.8 7.1 15.4 2431.6 15 Prudential 1368.0 +10.0 1790.0 1326.0 3.6 13.4 35566.9 2 Unilever 4675.0 +63.0 5324.0 3941.0 3.0 14.9 122870.7 168 Capital & Counties Properties 246.6 –7.7 270.5 184.9 0.6 - 2106.2 134 IMI 1120.0 +91.5 1136.0 870.0 3.6 18.0 3048.6 186 QinetiQ 316.4 –0.8 319.0 267.0 2.0 15.8 1797.0 125 Unite Group 1129.0 +12.0 1174.0 797.5 2.6 12.5 3284.8 148 155.0 –1.6 173.1 99.9 - 10.8 2586.5 32 Imperial Brands 1774.0 +76.6 2750.0 1692.4 10.6 10.9 16811.5 142 Quilter 142.5 +2.8 156.6 110.6 2.3 18.8 2710.7 80 United Utilities 829.4 –39.0 891.4 718.4 4.8 15.6 5655.6 26 Carnival 3237.0 +109.0 4650.0 3056.0 5.1 8.9 22193.8 149 Inchcape 643.0 +15.5 678.0 519.5 4.2 49.8 2582.2 12 Reckitt Benckiser 5910.0 –11.0 6703.0 5593.0 2.9 18.4 41926.5 172 2392.0 +160.0 2692.0 1845.0 2.5 20.8 2068.1 104 72.9 +1.7 155.6 64.6 16.5 - 4244.4 42 Informa 800.0 +20.0 892.0 605.8 2.7 33.3 10014.4 166 Redrow 604.0 –1.0 674.6 483.8 5.0 6.6 2127.2 169 Virgin Money UK 145.3 +6.3 145.3 139.0 2.1 - 2084.3 129 229.8 +7.4 321.0 212.0 6.4 14.7 3152.7 146 Inmarsat 562.6 +12.6 608.2 362.8 2.8 24.7 2608.1 14 Relx 1850.0 –9.0 2011.0 1558.5 2.3 24.0 35892.1 11 Vodafone 162.2 +3.7 168.9 123.3 8.1 - 43429.5 191 City of London Investment Trust 420.0 +1.2 433.0 373.0 4.5 - 1751.5 47 InterContinental Hotels 4784.5 +73.0 5738.0 4241.0 1.9 25.7 8709.4 183 Renewables Infrastructure 129.8 –0.8 133.6 109.4 5.1 - 1851.6 109 Weir 1502.5 +115.5 1814.0 1240.0 3.1 63.4 3900.7 167 Close Brothers 1401.0 +22.0 1605.0 1227.0 4.6 10.6 2117.3 105 Intermediate Capital 1453.0 –33.0 1501.0 899.0 2.1 22.9 4220.0 135 Renishaw 4184.0 +282.0 4670.0 3232.0 1.4 33.0 3045.5 79 Whitbread 4244.0 +120.0 5114.0 3988.0 2.4 17.8 5674.2 114 Cobham 155.0 –3.5 168.3 96.8 - - 3706.1 52 Intertek 5250.0 –108.0 5962.0 4494.0 1.9 29.3 8473.1 57 Rentokil Initial 437.8 –15.4 467.8 310.6 1.0 - 8096.4 160 222.0 +3.5 226.5 189.0 2.2 - 2229.3 50 Coca Cola HBC 2366.0 +11.0 3074.0 2244.0 2.2 23.0 8595.0 41 International Airlines Group 541.6 –1.0 667.6 413.5 5.1 5.7 10747.1 90 Rightmove 591.2 +2.8 602.8 420.9 1.1 31.4 5209.9 106 Holdings 3899.0 +51.0 3935.0 2722.0 - 11.7 4002.0 17 Compass 2022.0 –15.0 2138.0 1537.5 1.9 27.4 32077.2 152 International Public Partnerships 159.8 +1.0 165.4 146.8 4.4 14.9 2494.4 9 Rio Tinto 4206.0 +38.0 4976.5 3513.5 5.7 6.8 70917.0 147 Wood 378.0 +40.5 674.4 327.4 7.3 55.9 2589.1 111 Convatec 194.8 –6.6 202.8 118.6 2.3 31.0 3862.9 132 440.6 –3.0 518.6 395.3 5.6 8.7 3066.9 123 RIT Capital Partners 2165.0 +1.9 2180.0 1890.0 1.6 - 3451.8 182 Workspace 1058.0 +36.0 1058.0 789.5 2.8 13.7 1912.1 197 Cranswick 3170.0 +58.0 3408.0 2472.0 1.7 23.5 1651.1 85 ITV 134.2 +1.2 158.8 103.6 6.0 12.1 5404.1 35 Rolls-Royce 776.8 +52.2 988.4 702.0 1.5 - 15000.0 38 WPP 1007.0 +41.6 1038.0 800.4 6.0 18.1 12707.8 25 CRH 2851.0 –1.0 2879.0 1971.5 2.3 16.4 22571.0 122 IWG 391.5 +8.5 421.9 199.8 1.6 32.9 3474.4 136 337.2 +28.2 337.4 235.7 1.8 32.4 2940.8 74 Croda 4780.0 –60.0 5375.0 4564.0 1.9 26.1 6160.9 63 JD Sports 735.2 –34.8 781.0 318.5 0.2 27.7 7155.2 21 Royal Bank of Scotland 213.0 –1.7 270.4 177.6 2.6 12.9 25760.0 Price/earnings ratios are based on historic data, with yield and p/e values 60 DCC 7496.0 +186.0 7496.0 5555.0 1.7 26.8 7372.0 189 John Laing 363.8 –3.8 402.0 298.2 1.5 11.7 1789.0 1 Royal Dutch Shell A 2341.0 +80.5 2612.0 2213.0 6.5 11.4 186087.2 calculated from the most recent reported dividends and earnings per share, 143 2622.0 –6.0 3036.0 2014.0 1.1 87.2 2695.7 72 Johnson Matthey 3219.0 +47.0 3454.0 2620.0 2.5 15.0 6229.8 Royal Dutch Shell B 2329.5 +76.0 2622.0 2218.0 6.5 11.3 using trailing 12-month figures. 52-week highs and lows are end of day. 107 3514.0 –38.0 3638.0 2779.0 1.9 17.9 3926.1 198 359.9 +16.3 432.0 287.6 4.8 12.4 1647.3 161 Royal Mail 219.7 +3.2 348.0 188.4 11.1 12.6 2197.0 nc = no change Data provided by Morningstar. Any inquiries please contact: 8 Diageo 3090.0 –64.0 3625.5 2701.0 2.2 23.8 72633.2 93 Just Eat 738.0 +0.8 812.0 533.8 - 127.2 5038.5 81 RSA Insurance 547.2 +20.0 597.0 496.6 3.8 21.6 5645.1 [email protected]