10 The Sunday Times August 19, 2018 BUSINESS

Liam Kelly LETTERS

example” to fellow bosses. into in the 1950s, Send your letters, including Hair of the dog? We don’t Midlands and Crewe for the Noel tweaks tail of Black Horse He does, however, say he has Schroders got close to the SIGNALS full name and address, need it at Majestic first time in decades on the felt the squeeze, but “won’t Japanese. In a tale from his AND NOISE . . . to: The Sunday Times, Last week’s Inside the City back of the project, with has been ably implores Lloyds staff to call win any votes or sympathy if history of the City, David 1 London Bridge Street, column was probably right exciting economic assisted in his career by a his whistleblowing hotline, I admit that”. Like his saintly Kynaston recounts that in London SE1 9GF. Or email about my palate, but not development plans being succession of sidekicks, from lawyers at Keystone have namesake, Peter is a martyr. 1952, Yosuki Ono (father of [email protected] about the business I run (“A drawn up. shrieking polka-dot monster helped him score a small Yoko Ono) was rebuffed Letters may be edited Majestic hangover in store for The issue regarding the to the faceless victory. The law firm has had when he asked to see the Gormley”). It is wrong to Spanish manufacturer Talgo Banker on Deal or No Deal. a complaint accepted by the Walk in the park balance sheet. Instead, WTO will be of little comfort claim that our plans assume highlights the fact that Britain The TV host has now Advertising Standards Helmut Schroder — Bruno’s when we’re on our own the Naked Wines model is is playing catch-up with many found a new one to aid him Authority. It is investigating for Schroders father — invited Ono for David Smith’s article last “infinitely scalable”. Our other countries on high- in his war with Lloyds Bank whether the Black Horse With rumours swirling that lunch and a tour of his week (“No-deal Brexit: the model works by ensuring we speed rail because of a lack of over the fraud scandal at its bank can truly tell customers Schroders will replace country pile, Dell Park, near silliest of silly season ideas”) scale appropriately to attract depth in our heavy HBOS Reading division. it is “By your side”, or 85-year-old banking scion Windsor. After lunch, Ono brilliantly summed up the and retain loyal customers by construction and Edmonds, 69, blames the whether it has trampled on Bruno Schroder on the board told Helmut: “I have seen dangers and fallacies of a providing superior wines, manufacturing capabilities. lender for his company’s too many for the slogan to with his daughter, Leonie Schroder orchids — no need hard Brexit. service and value. Belatedly, we are putting in collapse a decade ago and is ring true. Edmonds has the Fane, Prufrock is reminded to see the balance sheet.” It should be made You failed to mention that the time and resources suing for £60m. bit between his teeth with that corporate governance If investors kick up a fuss Helena Morrissey on asking compulsory reading for the the loss-making company I needed to boost our depleted Hot on the heels of this one, so watch this space. has never been the venerable in the event that Fane, 44, is for a pay rise: “We never Brexiteers who think that flogged to Majestic has engineering professions, and launching radio station funds giant’s strong suit. appointed to the board, discuss money in the UK, but World Trade Organisation doubled in sales over the past showing genuine global Positively Noel, which As foreign banks moved perhaps she can take them I think women should get rules will somehow protect us three years and is now ambition. Saintly example for a walk in the garden. into the habit of comparing from the effects of a complete making millions of pounds Also, the East Coast and notes with their colleagues, break with the EU. of profit. West Coast main lines are JUST SAYING . . . of Cheese paring FUNNY BUSINESS even if it’s embarrassing.” He was also right to point That doesn’t sound like a already full. HS2 is the project Amid the row over chief Daks vs Topshop out that Liam Fox’s trade business that is suffering to rectify this acute problem. There were times executive pay — a report STYLE, PAGE 50 deals (if they ever materialise) from any form of hangover! Nigel Davies, London W8 found that FTSE 100 bosses in copy coat row could open our borders to an Rowan Gormley, chief when I didn’t earned an average of £5.7m Typical. As soon as the uncontrolled influx of cheap executive, Majestic Wine, Lesson from Jaguar: focus last year, up by 23% — there is heatwave gives way to wet TWITTER POLL goods, which would destroy Watford on makers, not markets leave the factory at least one business leader weather, retailers squabble many British companies. While Ralf Speth has brought for three or four bucking the trend. over coats. Regulate pay Let market decide Once again, the totally HS2 is helping Britain much-needed leadership, the Step forward Peter Daks, the luxury label that negative impact of Brexit has to play catch-up revival of Jaguar days — days Cheese, chief executive of kits out the Queen, is suing been laid bare. There are many positive would have been impossible when I didn’t the Chartered Institute of Topshop for allegedly 25% 75% Julian Halsby, Sherborne, aspects to HS2 (“Spanish sue without serious investment Personnel and Development, copying one of its patterns. Dorset High Speed 2 over £2.8bn from Tata (“Jaguar pursues go outside which sponsored the paper The fashion chain sold a £50 train deal”, last week). The electric dream with new with the High Pay Centre. coat with a cream, red and David Smith was right in National College for High models”, last week). The former Accenture black pattern — an apparent saying last week that this, Speed Rail, in Doncaster and JLR has tripled in size and partner saw his own salary copy of a Daks design. being the silly season for Birmingham, is helping output over the past 10 years slashed from £302,000 in Topshop said the mix-up news, is a time when silly apprentices to embark on and shows what can be 2015 to £282,000 the year was a mistake by a supplier, ideas emerge to fill the gap — highly-skilled engineering achieved when we invest in after. It was cut again and and that it had sold only 27 The pay for FTSE 100 especially the notion that careers. Leeds University’s designing and making things, PayPal billionaire Elon ended up at a measly before it pulled the line. bosses soared 23% to an “any deal is better than no Institute for High Speed Rail instead of playing the Musk complains to The £263,000 last year. However, Daks is said to be average of £5.7m last year. deal”. That is exactly what is making strides to become financial markets for gain. New York Times about the Cheese, 60, tells Prufrock persisting with the claim. Do you think we need pay Michel Barnier has been world-class in its field. It’s a pity it takes a German trials and tribulations of he has taken the 13% hit over liam.kelly@ regulation, or should the waiting to hear. Also, there is significant and an Indian to show Britain manufacturing Tesla cars three years to “set an sunday-times.co.uk market decide? Paul Ashton, St Leonards-on- investment pouring into how to do things properly. Sea, East Sussex Birmingham, the West Gil Jones, Hulme, Manchester 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 2.5% 2.4% January and recently key ingredient can help the USD > GBP PureTech, announced positive results treatments survive the harsh 7,800 CPI including housing current rate prev. month from a phase II trial into conditions in a patient’s 7,600 $1.27 2.3% 2.3% respiratory tract infections. stomach. It could be worth up W 0.00 Retail prices index current rate prev. month a portfolio Karuna, which makes to $1bn to PureTech. 12-month high: $1.44 7,400 low: $1.27 treatments for schizophrenia Much of PureTech’s risk in 3.2% 3.4% EURO bet on and pain medications, has portfolio companies is shared 7,558.59 7,200 Average weekly earnings on prev. month on last year just appointed a former Eli with investors such as Baillie 108.42 H:7,903.5 EUR > GBP Lilly research boss as its chief Gifford, Amgen Ventures and 1.41% L:6,866.9 7,000 £518 U0.2% U2.4% Unemployment current rate prev. month pharma executive. The list goes on. the Wellcome Trust. 6,800 €1.11 This business model makes However, PureTech’s share FTSE 250 W 0.00 2017 2018 12-month high: €1.16 1.36m 4.0% 4.2% Senior teachers have often PureTech appear much like price has been volatile since it low: €1.07 expressed alarm about the other portfolio companies floated at 160p in 2015, Source: Thomson Manufacturing output on the year on last month YEN way the drug Ritalin has been listed in the UK (IP Group, closing on Friday at 154p and RISERS FALLERS YEN > USD U1.3% U0.4% prescribed to children with Mercia Technologies and valuing the company at Marshalls: 481.4p, U 14.8% on dividend Kaz Minerals: 478.5p, V 23.8% on surprise dividend Nanoco: 38.5p, Retail sales on the year on last month attention deficit disorder. Allied Minds) — none of which £441.9m. A Nasdaq listing, a hike On the Beach: 474p, U 14.5% on new acquisition Syncona: 290p, U 11.5% V 18.6% on broker rating Antofagasta: ¥110.51 One London-listed company has set the world alight $100m fundraising and on sentiment Robert Walters: 760p, 827p, V 13.2% on trade tensions U3.5% U 0.7% 20,444.36 V 0.41 Rank: 164.2p, V 12.4% on money has come up with a surprising recently. positive trial results have 223.09 H:21,371.5 U 11.4% on continuing boom Hikma 12-month high: ¥114.72 Pharmaceuticals: £18.18, U 9.9% on laundering crackdown Evraz: 466.6p, low: ¥104.55 alternative to the treatment: a However, PureTech is also failed to add significant value. 1.08% L:19,091.1 upgrading profit guidance V 10.4% on deepening woes UK trade latest 3 mths prev. 3 mths latest 12 mths prescription video game. developing its own pipeline of Shares have risen just under OIL balance (£bn) -8.6 -3.8 -25.0 It might sound wacky, but drugs. Last month it struck a 4% since the start of the year. DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change it appears to work. Akili and partnership with Swiss giant Analysts at Peel Hunt have 25,669.32 27,213.41 1,490.78 product Me is one of several Roche to use microscopic put a 313p target on the stock $71.83 U0.4% U0.2% U1.3% 356.18 H:26,616.7 1,153.21 H:33,484.1 19.72 H:1,588.0 “computer drugs” made by sacs known as exomosomes, and pointed out that it has V 0.98 Budget deficit latest month prev. month year-to-date 1.41% L:21,600.3 4.07% L:26,871.1 1.31% L:1,415.8 12-month high: $80.50 (PSNB) in £bn the American developer found in milk, to orally enough cash to last until low: $50.00 5.4 4.7 16.8 PureTech of Boston. administer biological 2020. PureTech hopes a deal NASDAQ SHANGHAI SENSEX It is being reviewed by the medicines to patients. This with Roche will encourage 7,816.33 2,668.97 37,947.88 DOLLARS/TROY OZ US Food & Drug investors to place their bets 22.78 H:7,933.3 126.34 H:3,587.0 78.65 H:38,076.2 Administration — which could PureTech on PureTech itself. 0.29% L:6,177.2 4.52% L:2,665.6 0.21% L:31,081.8 $1,179.16 10-YEAR BOND YIELDS % pave the way for its launch Investing in portfolio V 35.83 across the Atlantic. 180p companies such as PureTech S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months Targeting ADHD is not the lets shareholders avoid the 2,850.13 5,344.93 6,426.20 low: $1,179.16 high low 16.85 H:2,872.9 59.40 H:6,433.9 only trick up PureTech’s 160 losses from stocks reliant on 69.75 H:5,657.4 BITCOIN UK 1.23 V 0.01 1.79 0.95 sleeve. It is a “portfolio only one drug. However, it 0.59% L:2,417.4 1.29% L:4,995.1 0.93% L:5,702.2 DOLLARS company”, identifying 140 can also mean they do not NIKKEI DAX S&P TSX US 2.86 V 0.02 3.13 2.02 promising treatments and enjoy the soaring highs when $6,399.22 22,270.38 12,210.55 16,323.71 JAPAN 0.10 0.01 0.15 -0.01 spinning them off. One of 120 one succeeds. PureTech is U 256.52 V 27.70 H:24,129.3 2.80 H:16,586.5 2017 2018 213.80 H:13,596.9 12-month high: $19,497.40 them, resTORbio, raised worth a closer look. Buy 0.12% L:19,239.5 1.72% L:11,726.6 0.02% L:14,785.8 low: $919.50 GERMANY 0.30 V 0.02 0.80 0.19 $97.8m (£77m) on Nasdaq in 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) 50 3i Group 922.2 –24.2 1029.5 853.0 3.2 - 8892.3 9 Diageo 2793.5 –3.0 2883.5 2354.5 2.3 23.1 68737.3 37 Legal & General 253.9 –10.7 286.2 249.5 6.1 9.3 15132.4 71 Schroders Non-Voting 2410.0 –70.0 2720.0 2230.0 1.4 11.0 6808.2 190 3i Infrastructure 235.4 –1.5 271.7 203.0 3.7 - 1906.1 104 Direct Line Insurance 332.4 +9.9 393.2 322.5 6.1 11.8 4570.5 15 60.2 –1.7 72.1 60.1 5.1 11.6 42981.8 58 Scottish Mortgage 542.7 –14.3 561.5 407.6 0.6 - 7842.3 86 Admiral 2037.0 +50.0 2062.0 1784.0 2.6 17.4 5861.3 185 Dixons Carphone 167.9 –8.1 246.7 149.1 - 7.9 1948.0 36 London Stock Exchange 4408.0 –73.0 4568.0 3649.0 1.2 25.9 15339.3 76 Segro 657.6 –16.4 679.0 522.0 2.5 5.9 6652.6 173 Aggreko 834.0 –8.2 983.0 641.8 3.2 19.7 2136.1 81 EasyJet 1574.5 +24.0 1796.0 1151.0 2.6 14.1 6254.0 153 Man 172.4 +0.3 217.7 161.5 4.7 14.1 2742.3 98 Severn Trent 2014.0 +38.5 2283.0 1703.0 4.2 19.8 4774.4 156 Alliance Trust 772.0 –10.0 784.0 689.0 1.7 - 2614.0 128 Electrocomponents 741.8 –18.6 760.4 568.6 1.7 22.1 3298.3 97 Marks & Spencer 299.0 –3.6 354.1 264.5 6.2 186.9 4858.1 152 Shaftesbury 917.5 +0.5 1055.0 905.0 1.7 8.1 2819.5 27 Anglo American 1534.0 –133.6 1926.4 1280.0 5.0 8.6 21549.2 73 Evraz 466.6 –43.4 560.4 259.1 11.8 5.1 6734.7 124 Mediclinic International 466.1 –23.4 764.5 466.1 1.7 - 3435.8 16 Shire 4442.5 –8.0 4500.0 2953.5 0.6 11.1 40622.2 56 Antofagasta 827.0 –134.2 1149.0 827.0 0.9 16.5 8153.0 34 Experian 1902.0 +1.0 1937.5 1446.0 1.6 29.3 17399.5 111 Meggitt 530.8 –12.0 572.0 417.1 3.0 14.5 4121.6 24 Sky 1532.5 +2.0 1545.0 900.0 - 32.4 26343.9 159 Ashmore 342.4 –14.6 433.2 332.3 4.9 16.3 2440.4 38 Ferguson 6071.0 –84.0 6275.0 4707.8 1.7 17.1 14074.1 43 Melrose 221.1 +4.3 247.0 198.8 1.5 - 10741.6 75 Smith (DS) 490.0 –21.8 513.4 361.9 2.9 21.2 6701.5 42 Ashtead 2322.0 –71.0 2412.0 1571.0 1.2 11.9 11296.2 117 Foreign & Colonial 720.0 –14.0 741.0 595.0 1.5 - 3903.7 120 Merlin Entertainments 370.5 –7.4 468.2 318.4 2.0 18.4 3786.8 41 Smith & Nephew 1379.0 +22.5 1431.0 1215.0 1.9 22.2 12057.3 33 Associated British Foods 2338.0 –67.0 3371.0 2307.0 1.8 17.7 18509.3 70 Fresnillo 924.8 –64.4 1672.0 897.0 3.3 18.7 6814.8 146 Metro Bank 2968.0 +12.0 4040.0 2940.0 - 116.4 2890.7 79 Smiths 1591.5 –34.0 1801.0 1444.0 2.7 17.2 6298.5 8 Astra Zeneca 5930.0 –177.0 6107.0 4418.0 3.3 37.5 75119.8 116 G4S 252.4 +0.4 298.3 238.4 3.8 20.5 3916.2 91 Micro Focus International 1245.5 +1.5 2739.0 911.8 5.8 8.9 5436.3 171 Smith WH 1966.0 –19.0 2347.0 1822.0 2.5 19.1 2154.0 109 Auto Trader 446.6 +16.5 447.6 319.0 1.2 25.2 4234.4 199 Genus 2856.0 –10.0 2992.0 1795.0 0.8 26.5 1757.7 59 Mondi 2099.0 –73.0 2236.0 1693.0 2.6 17.1 7708.4 62 Smurfit Kappa 3190.0 –68.0 3288.0 2150.0 2.4 16.0 7567.0 108 Aveva 2634.0 +22.0 3054.0 1803.0 1.0 56.4 4246.2 7 Glaxo Smith Kline 1617.0 +52.6 1617.0 1242.8 4.9 48.4 80203.3 194 Monks Investment Trust 832.0 –8.0 872.0 690.0 0.2 - 1816.4 162 Sophos 488.8 –12.7 669.5 416.0 0.7 - 2315.2 32 Aviva 484.8 –13.0 552.0 482.5 5.7 17.5 19070.5 14 Glencore 305.0 –16.1 415.0 298.5 3.4 9.6 43607.4 82 Morrison Supermarkets 263.3 –1.0 264.8 204.1 2.1 20.2 6232.6 155 Spectris 2305.0 –102.0 2908.0 2229.0 2.5 9.5 2662.6 121 Babcock International 717.2 –11.0 862.4 626.2 4.0 10.8 3626.1 192 Grafton Group Units 768.0 +11.5 841.5 729.0 1.9 14.3 1832.2 174 National Express 410.8 –7.0 422.2 340.9 3.3 15.4 2102.2 94 Spirax-Sarco 7120.0 –145.0 7270.0 5410.0 1.2 30.2 5241.2 30 BAE Systems 624.6 –1.0 676.4 535.5 3.5 26.5 19947.7 181 Great Portland Estates 705.7 –9.2 798.7 660.1 1.7 38.8 1987.7 22 National Grid 829.4 +10.7 981.5 736.8 5.4 8.0 28187.0 178 Sports Direct International 384.1 –21.3 436.1 354.6 - 83.5 2062.5 184 Balfour Beatty 284.2 –4.3 311.1 253.5 1.3 9.1 1961.0 78 GVC Holdings 1099.0 –26.0 1170.0 748.0 1.4 - 6356.0 115 Nex Group 1036.0 +24.0 1058.0 558.0 2.9 35.7 3934.1 40 SSE 1265.0 –5.5 1441.0 1182.0 7.3 15.6 12842.3 19 Barclays 182.6 –5.0 217.0 178.9 1.6 - 31245.9 93 Halma 1410.0 +2.0 1456.0 1075.0 1.0 34.7 5353.0 61 Next 5460.0 –208.0 6202.0 4046.0 2.9 13.1 7626.8 132 SSP 689.5 –13.9 710.4 517.2 1.2 31.9 3199.3 28 Standard Chartered 644.8 –35.1 849.2 644.8 1.3 24.8 21306.0 90 Barratt Developments 537.0 –4.2 700.0 483.0 4.5 8.7 5443.7 118 Hammerson 491.4 –15.6 570.0 434.4 5.2 24.9 3868.6 54 NMC Health 4060.0 +48.0 4062.0 2330.0 0.2 60.8 8453.3 131 BBA Aviation 313.0 –3.4 368.8 292.5 2.3 35.1 3274.6 44 Hargreaves Lansdown 2172.0 +81.0 2172.0 1327.0 1.3 46.0 10302.2 85 St James’s Place Capital 1126.5 –29.5 1270.5 1052.0 3.8 39.2 5962.7 65 Ocado 1046.0 +1.0 1146.0 238.7 - - 7301.5 193 BCA Marketplace 229.5 –6.5 242.0 149.6 3.1 32.8 1830.3 200 Hastings 266.8 +16.8 320.4 233.8 4.7 12.4 1754.7 47 Standard Life Aberdeen 317.2 –9.7 446.3 304.2 6.7 10.9 9443.5 182 Page Group 605.0 +11.5 611.0 440.6 2.1 21.1 1983.8 137 Beazley 588.0 +21.0 619.5 450.0 2.0 89.2 3102.4 147 Hays 198.6 –0.2 208.6 169.7 1.6 19.1 2882.5 188 Synthomer 564.0 nc 575.5 460.0 2.2 19.0 1916.9 67 Pearson 917.4 –2.6 957.4 566.5 1.9 12.1 7165.4 122 Bellway 2894.0 +11.0 3792.0 2838.0 4.2 7.3 3559.1 150 HICL Infrastructure 160.9 +3.0 163.6 133.5 5.0 - 2861.5 142 Tate & Lyle 642.6 +5.2 710.0 526.0 4.4 11.4 3003.0 130 Pennon 780.2 +8.4 821.5 583.4 4.7 16.3 3274.8 96 Berkeley 3737.0 +37.0 4321.0 3468.0 2.9 6.8 4949.5 107 Hikma Pharmaceuticals 1818.0 +145.0 1818.0 855.6 1.4 - 4389.0 89 Taylor Wimpey 170.9 –1.5 211.2 168.5 2.8 8.9 5599.8 157 Pershing Square Holdings 1184.7 –23.6 1209.8 953.7 - - 2516.4 6 BHP Billiton 1629.4 –66.6 1779.2 1305.5 3.8 25.0 86733.0 100 Hiscox 1655.0 –14.0 1681.0 1214.0 1.8 99.0 4758.7 195 Templeton Emerging Markets 699.0 –23.0 825.0 690.0 2.2 - 1814.9 60 Persimmon 2462.0 –12.0 2890.0 2394.0 5.5 10.1 7705.0 112 B&M European 404.5 –11.5 434.8 358.6 1.6 21.8 4047.3 127 Homeserve 1005.0 –1.0 1027.0 705.0 1.6 33.8 3335.3 25 Tesco 256.5 –9.7 266.2 176.0 0.4 21.2 25111.8 177 Petrofac 607.2 –13.8 651.8 397.3 6.9 - 2062.6 189 Bodycote 1000.0 –8.0 1055.0 835.5 1.7 18.3 1914.6 148 Howden Joinery 471.9 +2.6 539.0 399.5 2.3 15.5 2881.8 151 Travis Perkins 1119.0 –1.0 1609.0 1102.0 4.0 12.1 2821.5 113 Phoenix Group Holdings 687.0 –4.5 695.5 496.2 6.4 - 3964.1 4 BP 548.6 –7.4 592.8 440.0 5.5 20.5 109603.8 2 HSBC 696.9 –24.4 796.0 662.1 5.5 18.8 138738.0 165 Tritax Big Box Reit 149.0 –3.2 156.9 139.6 4.3 7.3 2195.6 198 Polar Capital Technology Trust 1308.0 –28.0 1342.0 - - - 1761.1 5 British American Tobacco 4203.0 +48.5 5100.0 3635.0 4.7 2.3 96405.6 129 IG Group 891.5 +11.0 954.5 617.0 3.7 14.6 3288.2 51 Tui 1475.5 –90.0 1810.5 1262.0 3.9 12.1 8666.2 145 Polymetal International 644.6 –9.6 956.0 591.0 3.6 10.8 2917.4 80 British Land 639.2 –4.0 697.0 590.5 4.7 13.2 6260.3 136 IMI 1149.0 –5.0 1443.0 1013.0 3.4 21.4 3125.8 141 Tullow Oil 216.0 –14.5 276.0 151.2 - 16.5 3006.7 88 Paddy Power Betfair 6955.0 –300.0 9110.0 6665.0 2.9 27.1 5744.0 175 787.0 –5.0 834.5 661.5 3.4 19.6 2082.2 21 Imperial Brands 2987.5 +42.5 3327.5 2325.0 5.7 23.3 28492.9 186 UDG Healthcare 777.0 +31.0 959.0 734.5 1.2 65.0 1932.4 13 Prudential 1719.0 –78.5 1981.0 1703.5 2.7 19.7 44554.5 26 BT 225.9 +0.9 293.0 202.9 6.8 11.1 22408.6 144 Inchcape 703.0 nc 880.5 670.0 3.8 12.1 2918.4 3 4415.0 +41.5 4548.5 3695.0 2.9 60.9 119945.8 176 BTG 534.0 +13.0 779.0 475.0 - 136.9 2067.2 179 Indivior 273.7 –23.9 496.2 266.5 - 40.2 1993.4 101 Randgold Resources 5038.0 –366.0 8190.0 5018.0 3.1 27.3 4757.3 163 Unite Group 874.5 –0.5 888.0 656.0 2.6 7.9 2303.4 57 Bunzl 2338.0 +17.0 2350.0 1936.0 1.8 25.0 7863.0 45 Informa 778.6 –19.4 859.0 659.5 2.6 22.9 9745.0 11 Reckitt Benckiser 6783.0 –36.0 7420.0 5443.0 2.4 13.9 47927.9 95 United Utilities 752.2 +14.0 919.0 656.0 5.2 14.5 5129.2 48 2244.0 +25.0 2274.0 1498.0 1.8 32.8 9300.1 158 Inmarsat 544.8 –14.0 737.5 336.4 4.6 239.8 2514.6 183 Redrow 533.0 +7.0 664.5 516.0 3.2 6.8 1971.0 160 Vedanta Resources 849.6 +11.6 954.0 632.4 4.9 - 2394.7 169 Capital & Counties Properties 255.3 –11.7 319.9 253.1 0.6 - 2171.1 49 Intercontinental Hotels 4750.0 +9.0 4966.0 3668.0 1.6 20.7 9056.8 18 Relx 1714.0 +23.5 1782.0 1429.5 2.3 20.9 33893.5 154 Victrex 3098.0 –98.0 3236.0 2025.0 1.7 23.1 2668.6 164 Capita 137.2 +0.4 659.0 123.2 4.9 - 2289.0 143 Intermediate Capital 1011.0 –29.0 1203.0 841.0 2.8 11.4 2935.4 119 Renishaw 5290.0 –200.0 5775.0 4434.0 1.0 28.0 3850.5 196 Virgin Money 402.7 –5.7 421.8 258.2 1.5 10.6 1796.3 17 Carnival 4616.0 –7.0 5375.0 4215.0 2.9 15.7 33909.3 53 Intertek 5278.0 –56.0 6014.0 4554.0 1.4 29.7 8518.3 83 Rentokil Initial 338.0 +4.7 355.1 258.7 1.1 33.6 6230.5 12 Vodafone 175.8 –6.7 238.0 175.0 7.5 12.7 46959.7 55 Centrica 145.9 –2.4 201.6 124.1 8.2 15.5 8232.3 39 International Airlines Group 688.6 +9.6 726.6 584.0 3.5 5.9 13832.8 106 Rightmove 4930.0 +33.0 5350.0 3889.0 1.2 29.6 4456.1 99 Weir 1835.0 –70.5 2325.0 1734.0 2.4 25.4 4760.4 114 Cineworld 287.0 –14.8 670.5 97.9 2.0 30.1 3934.6 167 International Public Partnerships 155.6 +0.8 166.6 138.2 4.3 18.6 2186.8 10 Rio Tinto 3706.0 –97.0 4492.0 3417.0 5.9 8.5 64523.6 64 Whitbread 3979.0 –33.0 4331.0 3512.0 2.5 16.6 7306.6 161 Close Brothers 1577.0 +2.0 1613.0 1316.0 3.8 12.0 2388.3 170 Intu Properties 160.1 –9.8 253.0 159.0 8.7 - 2170.1 134 RIT Capital Partners 2050.0 –65.0 2130.0 1844.0 - - 3181.1 166 William Hill 254.3 –10.4 338.0 240.0 5.2 - 2188.5 140 Cobham 125.9 –0.8 148.0 113.4 - 13.3 3011.5 126 Investec 498.5 –23.5 648.6 461.4 4.7 10.0 3392.0 31 Rolls-Royce 1023.5 –20.5 1094.0 814.0 1.1 9.1 19135.3 180 Witan Investment Trust 1116.0 –18.0 1138.0 995.0 2.0 - 1990.8 46 Coca Cola HBC 2613.0 –31.0 2801.0 2216.0 1.8 24.0 9621.4 74 ITV 166.6 –2.2 180.4 142.4 4.7 16.0 6706.3 149 Rotork 329.0 –11.6 361.4 223.5 1.6 48.4 2863.9 125 Wizz Air Holdings 3314.0 –68.0 3797.0 2799.0 - 17.3 3399.4 23 Compass 1697.5 +30.5 1697.5 1425.0 2.0 23.7 26884.5 168 IWG 238.9 –6.8 332.4 190.9 2.4 23.4 2172.7 20 Royal Bank Of 240.9 –7.0 302.4 239.6 - 41.5 29023.3 105 Wood 659.6 –7.6 736.5 521.4 3.8 - 4470.4 197 Computacenter 1546.0 –14.0 1620.0 881.0 1.5 23.2 1764.6 135 Jardine Lloyd Thompson 1436.0 +6.0 1448.0 1144.0 2.4 28.2 3145.4 1 Royal Dutch Shell A 2472.5 –58.5 2748.5 2102.5 5.8 13.8 206042.4 191 Workspace 1050.0 –20.0 1165.0 855.0 2.2 10.1 1893.8 110 Convatec 212.4 +4.4 288.8 182.0 2.0 23.4 4166.2 102 JD Sports 478.0 –8.1 487.0 303.3 0.3 20.1 4652.0 Royal Dutch Shell B 2511.5 –59.0 2841.0 2142.5 5.7 14.1 35 WPP 1276.0 +41.0 1594.0 1094.0 4.7 9.0 16100.2 29 CRH 2555.0 +35.0 2861.0 2338.0 2.3 13.5 21261.9 68 Johnson Matthey 3566.0 –117.0 3823.0 2756.0 2.1 23.0 6901.4 103 Royal Mail 464.4 –1.3 631.0 369.9 5.0 18.1 4644.0 72 Croda 5138.0 –64.0 5270.0 3675.0 1.6 27.9 6763.8 187 Jupiter Fund Management 420.4 +3.5 631.4 415.3 4.1 12.3 1924.2 138 RPC 756.8 –2.6 993.0 648.6 3.4 12.4 3072.7 Price/earnings ratios are based on historic data, with yield and p/e values 139 CYBG 346.2 –6.6 364.2 282.6 0.3 65.3 3067.5 92 Just Eat 787.2 –11.8 890.0 631.0 - - 5358.6 77 RSA Insurance 640.8 +12.8 681.8 593.5 3.1 21.8 6579.7 calculated from the most recent reported dividends and earnings per share, 84 DCC 6905.0 –105.0 7755.0 6475.0 1.7 26.7 6167.7 172 Kaz Minerals 478.5 –133.9 1076.0 478.5 - 5.2 2138.4 66 Sage 665.8 –6.2 821.4 598.4 2.3 28.0 7215.1 using trailing 12-month figures. 52-week highs and lows are end of day. 133 Dechra Pharmaceuticals 3126.0 +2.0 3168.0 1849.0 0.7 68.0 3198.8 87 Kingfisher 273.3 –20.8 362.5 273.3 3.8 12.4 5824.8 63 Sainsbury, J 334.6 +0.8 338.2 224.8 2.9 26.4 7362.7 nc = no change Data provided by Morningstar.Any enquiries please contact: 123 Derwent London 3081.0 –49.0 3235.0 2625.0 1.9 11.4 3436.4 69 Land Securities 923.5 –11.5 1080.5 906.8 4.6 40.1 6847.4 52 Schroders 3066.0 –34.0 3773.0 3049.0 3.7 14.0 8661.5 [email protected]