12 The Sunday Times February 18, 2018 BUSINESS

Oliver Shah LETTERS

of Barclays as a non- with something to revitalise Send your letters, including flights — routes that are Hitachi can no longer make a Geordie dinosaurs face extinction executive on January 1 — less Snap’s lacklustre stock. SIGNALS full name and address, among the most profitable in profit here, they will than two weeks before GKN AND NOISE . . . to: The Sunday Times, the world. obviously have to go Last October, one of the Future Energy went bust rejected an unsolicited bid 1 London Bridge Street, David Boycott, London SE1 elsewhere. BMW’s chief bosses of a Newcastle-based two months later, wiping out from the turnaround firm Jordan sticks London SE1 9GF. Or email: executive agrees: “We need wealth management £1.9m invested by 40 of Tier Melrose, the opening shot in [email protected] We were misled over free trade,” he stresses. (BMW business, Tier One Capital, One’s clients. Ian McElroy, a time-consuming battle. to tradition Letters may be edited financial passporting supports almost 50,000 jobs wrote a piece for his local another of its bosses, Yet it all now looks rather A supplier of own-label My feeling that we have been in Britain.) paper headlined: “Are we in admitted the last round of serendipitous. Last week, the supermarket drinks recently dangerously misinformed Why were such important dangerous times?” funding had been raised Serious Fraud Office brought decided to try to embrace Brexit could leave Virgin over Brexit was confirmed by factors as financial Stephen Black suggested around the time of Black’s new charges against Barclays the spirit of Brexit and look Atlantic grounded EU negotiator Michel passporting and the loss of stock markets were article, although he said that over its 2008 Middle Eastern into the possibility of The concerns expressed Barnier’s recent statement to free trade never explained overvalued and said a range “all risks were fully disclosed bailout. Turner, 69, has exporting to Jordan. by Michael O’Leary with reporters: “In leaving the before the vote? of private investments both in writing and in person form with the SFO: he was A distributor emailed respect to the effect of Brexit single market they [Britain] John King, Cullompton, marketed by his firm, at a special meeting for boss of BAE Systems when asking for a sample, adding, on civil aviation are well put will lose the financial Devon including a gas and shareholders in November”. it was investigated over the chirpily, that competition (“O’Leary feels the cabin passport.” electricity start-up called Undaunted by its failure, Al Yamamah arms deals — a would be “very tough” and pressure”, last week). This will result in Energy needs a dynamic Future Energy, were Tier One is now promoting a probe that was dropped after that bribery and connections How to survive the age of He refers to [British devastating losses for our market — like petrol “materially more attractive dinosaur theme park in Tony Blair intervened. were “the only way to make uncertainty: Nassim Nicholas Airways’ parent company] financial services sector, as it Why can’t energy prices be and transparent”. Newcastle. A 2015 brochure it onto the shelf”. Taleb, who cleaned up after IAG and easyJet having will be excluded from the like petrol prices? Each said Dinosauria would feature “According to Boris predicting the 2008 crash, potential problems. However, 27-country market. Financial supplying company would a museum with replica Miranda Kerr Johnson, we have nothing to explains why the experts these pale by comparison services are our country’s be allowed to charge only a JUST SAYING . . . skeletons and animatronics fear from expanding into have got it wrong on Trump, with those faced by Virgin largest single source of tax single universal variable rate. (“the Dinosaurium”), a soft- cleans up new markets,” my supplier Brexit and everything Atlantic, which will be revenue, contributing £70bn Companies would have to play area (“Dinomania”) and Perhaps Miranda Kerr is groans. “I have to say we 49%-owned by Delta Air Lines a year, or 11% of our total tax compete directly through a I believed this a cinema (“OnShow @ worried about her husband don’t face this in Europe!” MAGAZINE, PAGE 20 (of America) and 31% by Air income. We clearly cannot consumer-transparent would be a Dinosaur”). Investments Evan Spiegel’s future at Snap, France (EU), with only 20% manage without it. market without any were capped at £1,240 per parent company of the held by UK interests. The Banks have also been disingenuous deals. personal matter person “due to substantial favourite teen app Snapchat. Brent’s missing TWITTER POLL airline’s entire route network concerned. Encouraged by Such prices could change and that I would demand”. Gateshead council Snap’s shares are still may have to be suspended as the EU, they are securing on a weekly or monthly basis. has leased its historic town languishing below their $24 YouTube starlet Yes No of March 30, 2019. their rights by moving related Customers could be locked in be able to do this hall for the business, but this float price and the former Was Brent Hoberman having Simon Walker, Cambridge offices from Britain to for a certain maximum month the local paper Stanford University frat boy a Presidents Club moment? Europe, taking jobs and tax period and afterwards privately carried a confusing update: is under pressure. The lastminute.com co- 47% 53% Branson’s airline grew rich revenues with them. continue with their existing “Dinosaurs will not be the Australian supermodel founder, 49, recently posted on Heathrow duopoly JP Morgan is moving 1,000 supplier or move. theme of the attraction.” Has Kerr, 34, who married a link on Facebook for his Nick Fox of Virgin (Letters, jobs from London. Others By using a dynamic the meteor struck already? Spiegel, 27, in the back annual Founders Forum tech last week) is disingenuous to include Credit Suisse, Wells market, such as we have now garden of their California gathering. It led to an article suggest Sir Richard Branson’s Fargo, Barclays, Lloyds, at petrol stations, there ranch last year, has applied about Poppy, a YouTube riches do not owe anything to Citigroup, Goldman Sachs would be no pretence that Turner’s taste to trademark her name in starlet dressed in a Japanese government contracts or and Royal Bank of Scotland. forward buying is necessary. After the outrage at his Britain for a range of beauty schoolgirl’s uniform who acts monopolies. Not good. The business energy market, £100m-plus bonus, Jeff for the heat products. The application like an android. Branson’s Virgin Atlantic Our export manufacturers on the other hand, could Fairburn, chief executive of With hindsight, the timing suggests these could include “If anyone can get Poppy airline made vast sums will now have to pay tariffs — have different options. housebuilder Persimmon, looked unfortunate: Mike “cleansers, creams, gels, to FF in June — a prize!” Should @Tesco launch operating out of Heathrow 10% in the case of cars. Simples. said a “substantial Turner, chairman of the lotions, sprays, oils, Hoberman wrote. The post a new discount chain over decades of a Visiting Downing Street the William Mollett, Hemex LLP amount” would be used aerospace and automotive powders, balms and elixirs”. later seemed to have gone. to take on Aldi and Lidl? government-imposed week before last, the (solar and windfarm to fund charities group GKN, joined the board If only she could come up Probably just as well. @ST_Business duopoly among domestic Japanese ambassador warned developer), Stamford, airlines on transatlantic that if Nissan, Honda and Lincolnshire DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY

FTSE 100 FTSE 100 DOLLAR Consumer prices index current rate prev. month This next-generation gear of Pall Mall owner Reynolds USD > GBP 3.0% 3.0% Where aims to offer a similar American it did not own. It 7,800 CPI including housing current rate prev. month experience to puffing on was a savvy deal, expected to $1.40 cigarettes but with less land BAT a $541m (£386m) 7,600 U 0.02 2.7% 2.7% there’s exposure to toxicants. windfall from the US tax 12-month high: $1.43 low: $1.21 Retail prices index current rate prev. month BAT is using Japan as a test reforms — which it can invest 7,400 smoke . . . bed for its heat-not-burn Glo in new products. 7,294.70 EURO 4.0% 4.1% EUR > GBP range, which look like The deal handed BAT 202.27 H:7,792.6 7,200 Average weekly earnings on prev. month on last year traditional cigarettes but are vaping products including 2.85% L:7,073.0 £511 U0.2% U2.2% there’s BAT shorter and thinner. Vuse in the US and Vype/Ten 7,000 €1.13 Research suggests the Motives in the UK, the No 1 FTSE 250 W 0.00 Unemployment current rate prev. month F M A M J J A S O N D J 12-month high: €1.20 In the 1930s, Lucky Strike was heat-not-burners — which and No 2 brands in their low: €1.07 1.44m 4.3% 4.3% the bestselling cigarette have enough tobacco flavour respective markets. Source: Thomson Reuters YEN Manufacturing output on the year on last month brand in America. and nicotine to satisfy While the key investor RISERS FALLERS YEN > USD Its producer, the American smokers — contain 50%-90% concern over BAT remains Pendragon: 25.8p, U 27.1% on bullish UP Global Sourcing: 39.5p, V 35.3% on U1.3% 0.3% profit warning : U Tobacco Company (since less of the tar and toxins that more onerous US regulation, update Nanoco: 43p, U 25% on supply deals Evraz: 394.6p, U 18.5% on analyst 570p, V 13.6% on results Galliford Try: ¥106.30 Retail sales on the year on last month bought by British American cause cancer. it is trading at a discount to its upgrade WPP: £14.71, U 14.8% on 873p, V 12.7% post Carillion Arrow 19,733.64 V 2.48 sector sentiment Oxford BioMedica: Global: 360p, V 7.9% on sentiment 1.6% 0.1% Tobacco), promised its It appears to be working. peers, at 19.6 times earnings. 516.15 H:20,984.8 12-month high: ¥115.50 U U 11.8p, U 14.6% on new deal : 825p, V 7.6% on low: ¥105.56 UK trade latest 3 mths prev. 3 mths latest 12 mths method of “toasting” the About 2,000 Japanese Philip Morris is at a weightier 2.69% L:18,528.7 : 296.1p, U 13.5% on sentiment downgrade tobacco meant no throat smokers who swapped 27 times. The shares have OIL balance (£bn) -10.8 -7.0 -33.7 irritation or cough. But that cigarettes for heat-not- been heading south for six DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change was then, and recently big burners perceived health months and are down more product tobacco has been in decline. benefits, according to a than 11% since the start of the 25,219.38 31,115.43 1,491.71 $64.84 U0.5% U0.4% U1.5% Today, the FTSE 100 survey by UBS Evidence Lab. year. However, some analysts 1,028.48 H:26,616.7 1,608.01 H:33,484.1 46.00 H:1,588.0 U 2.05 Budget deficit latest month prev. month year to date 4.25% L:20,379.6 5.45% L:23,438.9 3.18% L:1,438.6 12-month high: $71.28 (PSNB) in £bn behemoth BAT is setting out BAT increased its foothold now think BAT is cheap. low: $44.35 8.7 7.8 48.1 its stall with a new range of in vaping through a $50bn The stock closed at £44.51 NASDAQ SHANGHAI SENSEX GOLD products. Traditional deal last year to buy the 58% on Friday, its lowest since 7,239.47 3,199.16 34,010.76 DOLLARS/TROY OZ smoking, it seems, is going November 2016. The average 364.97 H:7,505.8 69.31 H:3,587.0 5.00 H:36,444.0 out of fashion. British American Tobacco target price from analysts is 5.31% L:5,769.4 2.21% L:3,016.5 0.01% L:28,146.2 $1,356.19 10-YEAR BOND YIELDS % Such is the anticipated £57.80 — a 30% upside. U 42.92 success of vaping and £56 BAT, still gaining volume S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months “heat-not-burn” cigarettes share in a declining market, is 2,732.22 5,281.58 6,004.80 low: $1,200.04 high low 52 112.67 H:2,872.9 67.30 H:6,256.5 that BAT thinks its sales will expected to report revenues 202.37 H:5,567.0 BITCOIN UK 1.58 V 0.01 1.79 0.72 reach £5bn a year by 2022 — a of £27bn on Thursday, when 4.30% L:2,322.3 3.98% L:4,806.5 1.13% L:5,670.7 DOLLARS conservative estimate, 48 it posts full-year results. NIKKEI DAX S&P TSX US 2.87 U 0.02 2.94 2.02 according to UBS. By 2030, Cigarettes are still driving 21,720.25 12,451.96 15,452.64 $10,878.20 these products are expected 44 its sales but signs suggest BAT U 2,504.59 JAPAN 0.06 V 0.01 0.11 -0.01 337.63 H:24,129.3 344.48 H:13,596.9 418.11 H:16,421.4 to make up 50% of revenues — F M A M J J A S O N D J can get smokers hooked on its 12-month high: $19,497.4 1.58% L:18,224.7 2.85% L:11,693.7 2.78% L:14,785.8 low: $919.5 GERMANY 0.71 U 0.01 0.80 0.16 25 times their share today. Source: Thomson Reuters next-gen products. Buy. 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) 52 Group 905.0 +16.6 969.5 687.5 3.0 - 8814.3 91 Direct Line Insurance 385.8 +7.3 411.3 333.8 3.8 16.6 5304.8 58 Land Securities 943.8 +6.9 1208.5 917.0 4.5 40.9 7463.1 86 Sainsbury, J 250.9 +6.0 281.7 224.8 4.1 26.1 5493.9 181 3i Infrastructure 197.8 –0.2 214.5 188.6 4.0 - 2030.5 166 200.2 +8.2 342.0 149.1 - 9.4 2308.9 34 Legal & General 256.8 +7.3 276.8 244.0 5.6 10.0 15293.3 48 Schroders 3416.0 +66.0 3773.0 3008.0 2.7 17.9 9081.0 89 Admiral 1906.0 +53.5 2178.0 1784.0 2.7 23.9 5428.0 70 EasyJet 1647.0 +61.0 1689.0 914.5 3.3 21.5 6542.0 11 Lloyds Banking Group 67.7 +1.2 73.1 62.2 4.0 15.8 48603.0 71 Scottish Mortgage 458.4 +30.4 477.0 347.6 0.7 - 6395.3 184 759.0 –3.4 1064.0 751.6 3.6 16.1 1944.0 147 640.2 +28.6 709.0 471.1 1.9 26.7 2826.8 36 London Stock Exchange 4050.0 +187.0 4050.0 3014.0 1.1 47.8 14044.8 81 Segro 591.2 +39.4 591.2 452.5 2.8 8.4 5902.5 159 728.0 +23.0 769.0 667.0 1.9 - 2505.4 84 Evraz 394.6 +61.5 395.4 173.2 - - 5650.9 132 Man 185.0 +0.8 217.7 141.2 3.8 - 3027.3 106 Severn Trent 1738.0 –82.5 2553.0 1703.0 4.7 14.1 4102.7 24 Anglo American 1748.6 +144.2 1792.2 959.4 - 17.6 24561.1 35 Experian 1557.0 +40.0 1705.0 1446.0 2.0 25.3 14315.8 95 Marks & Spencer 298.8 +12.7 395.5 286.1 6.3 26.2 4854.7 133 Shaftesbury 982.0 +39.0 1055.0 900.0 1.6 9.1 3013.6 49 Antofagasta 914.6 +38.6 1061.0 748.0 1.5 36.3 9016.7 37 Ferguson 5216.0 +82.0 5702.0 4460.0 2.0 14.9 13200.6 101 583.0 +16.0 887.0 507.5 1.4 62.7 4296.7 19 Shire 3202.0 +127.0 5036.0 3075.0 0.7 23.2 29065.9 143 Ashmore 399.2 +12.6 433.2 332.3 4.2 19.0 2845.3 197 Ferrexpo 296.1 +35.1 323.2 137.2 0.9 6.9 1742.9 114 480.0 +27.1 526.0 410.6 3.2 12.8 3723.6 30 Sky 1101.0 +54.0 1101.0 900.0 - 23.3 18926.4 45 Ashtead 2031.0 +68.5 2152.0 1542.0 1.4 18.5 10139.3 119 Foreign & Colonial 650.0 +24.0 672.0 555.5 1.6 - 3513.3 99 Melrose 226.0 +17.0 261.2 198.8 1.0 - 4387.1 92 Smith (DS) 483.7 +15.0 558.5 418.8 3.1 23.8 5162.1 26 Associated British Foods 2662.0 +65.0 3371.0 2484.0 1.4 17.6 21074.4 43 Fresnillo 1400.0 +162.0 1725.0 1232.0 1.7 23.6 10316.5 122 Merlin Entertainments 342.4 +19.3 537.0 318.4 1.9 16.5 3478.1 41 Smith & Nephew 1279.5 +52.5 1431.0 1201.0 1.9 17.0 11195.1 7 Astra Zeneca 4739.5 –30.5 5508.0 4325.0 4.3 22.8 60020.8 107 G4S 258.7 +4.8 341.1 248.8 3.6 14.1 4014.0 141 Metro Bank 3610.0 +122.0 3834.0 3212.0 - 622.4 2902.2 72 Smiths 1589.0 +89.0 1685.0 1444.0 2.7 11.2 6284.1 117 Auto Trader 368.8 +12.9 435.9 319.0 1.4 22.1 3587.5 61 GKN 416.5 +17.0 447.6 294.3 2.1 14.3 7153.0 46 International 2118.0 +112.0 2739.0 2006.0 3.4 41.2 9215.0 167 Smith WH 2064.0 +74.0 2347.0 1625.0 2.2 19.9 2273.7 191 Aveva 2854.0 +110.0 3054.0 1879.0 1.4 86.5 1826.6 5 Glaxo Smith Kline 1318.6 +27.6 1722.0 1242.8 6.1 27.9 64846.9 198 Millennium & Copthorne Hotels 534.0 +9.0 625.5 422.5 1.5 15.6 1734.1 75 Smurfit Kappa 2610.0 +224.0 2620.0 1962.0 2.8 17.6 6181.0 28 Aviva 496.6 +10.1 544.0 486.5 4.3 32.9 20087.8 9 Glencore 388.0 +27.0 415.0 276.6 0.7 33.6 55851.6 66 Mondi 1863.0 +97.0 2130.0 1693.0 2.7 16.5 6841.7 162 Sophos 532.5 +27.5 669.5 263.5 0.6 - 2454.2 126 649.6 +3.2 969.5 626.2 4.3 10.2 3284.4 194 Units 753.0 +13.0 841.0 607.0 1.8 17.3 1784.3 195 Moneysupermarket 327.0 +7.0 366.5 314.9 3.0 23.5 1771.8 129 2647.0 +147.0 2834.0 2229.0 2.0 284.6 3155.6 29 BAE Systems 597.8 +39.2 677.0 535.5 3.6 18.0 19033.9 177 637.0 +14.5 739.0 587.5 1.6 - 2081.3 93 Morrison Supermarkets 220.8 +4.1 252.9 207.0 2.5 14.6 5157.2 105 Spirax-Sarco 5610.0 +200.0 5920.0 4371.0 1.4 31.7 4125.6 185 280.5 +13.5 307.6 253.5 1.0 85.0 1934.7 152 GVC Holdings 909.0 +35.0 982.0 677.0 - - 2733.1 192 350.0 +1.4 386.8 337.1 3.5 15.2 1791.1 182 Sports Direct International 362.1 +6.3 419.5 284.5 - 12.9 1963.5 15 Barclays 200.1 +7.2 237.5 178.9 1.5 16.8 34079.0 96 Halma 1223.0 +44.0 1330.0 959.5 1.1 33.3 4637.4 23 National Grid 749.6 +0.1 1157.5 736.8 6.1 15.1 25314.8 40 SSE 1200.0 +10.5 1551.0 1182.0 7.6 8.9 12100.8 135 SSP 628.5 +25.5 687.5 404.0 1.0 32.7 2986.8 85 Barratt Developments 551.8 –2.2 700.0 509.0 3.5 9.1 5556.6 115 462.7 –3.1 609.5 456.0 5.2 8.2 3670.2 157 Nex Group 669.5 +23.5 684.0 543.5 5.8 36.4 2542.3 54 Hargreaves Lansdown 1682.0 +5.0 1928.0 1266.0 1.7 35.6 7978.0 20 Standard Chartered 821.5 +33.4 849.2 685.9 - 1778.1 27035.6 123 BBA Aviation 336.6 +7.2 368.8 292.5 2.9 23.1 3472.9 60 Next 4921.0 +199.0 5320.0 3617.0 3.2 11.5 7236.6 183 Hastings 298.4 +5.6 325.0 228.3 3.3 21.0 1961.1 79 St James’s Place Capital 1125.0 +20.0 1270.5 1030.0 2.9 47.5 5946.6 146 Beazley 538.0 –12.0 560.5 423.5 1.9 29.8 2828.3 63 NMC Health 3424.0 +314.0 3460.0 1741.0 0.3 55.7 6994.7 142 Hays 200.8 +6.3 205.0 147.2 1.5 21.0 2897.5 42 Standard Life Aberdeen 364.2 –21.2 446.3 360.0 5.4 16.6 10843.6 112 3067.0 –53.0 3792.0 2553.0 3.6 8.3 3766.2 130 Ocado 489.9 +27.4 531.2 238.5 - 3061.9 3093.4 155 HICL Infrastructure 145.7 –0.1 174.6 141.1 5.4 - 2598.7 154 Tate & Lyle 563.0 –19.0 795.0 563.0 5.0 10.6 2621.9 94 Berkeley 3800.0 +40.0 4240.0 2872.0 3.6 6.9 5140.1 39 Old Mutual 246.4 +19.8 246.7 188.0 2.5 15.6 12147.5 168 Hikma Pharmaceuticals 934.8 +72.8 2297.0 855.6 2.4 17.5 2248.6 76 Taylor Wimpey 187.8 +3.4 211.2 174.9 1.5 11.4 6144.7 16 BHP Billiton 1577.4 +102.0 1660.0 1117.0 2.7 18.6 33314.7 199 Page 529.0 +13.5 560.0 417.0 2.3 20.8 1727.7 110 1368.0 +3.0 1470.0 1065.0 2.0 16.7 3908.9 173 Templeton Emerging Markets 785.0 +40.0 825.0 643.0 1.1 - 2146.9 100 B&M European 432.6 +33.4 432.6 293.4 1.3 28.3 4326.0 87 Pearson 700.6 +41.8 748.4 566.5 7.4 - 5490.0 169 718.5 +0.5 867.0 523.0 2.1 30.8 2232.4 32 Tesco 204.6 +5.3 214.4 166.5 - 36.5 16752.1 193 935.0 +54.5 1006.0 704.5 1.7 23.0 1790.1 156 Pennon 619.0 –30.6 944.0 613.0 5.8 14.2 2577.8 140 Howden Joinery 464.0 +17.0 475.7 399.5 2.3 16.2 2920.4 187 Thomas Cook 121.7 +2.7 129.5 84.1 0.4 152.1 1869.1 109 Booker 225.0 +5.8 233.2 182.7 2.1 26.2 4010.9 170 Pershing Square 947.0 +12.0 1250.0 933.0 - - 2222.2 2 HSBC 760.8 +29.0 796.0 620.8 5.0 36.5 152541.4 131 TP Icap 546.4 +7.8 553.6 444.8 3.1 34.6 3027.8 3 BP 473.4 +3.3 534.8 439.8 6.3 32.3 94351.7 57 Persimmon 2423.0 +14.0 2890.0 2002.0 5.6 10.9 7478.0 138 IG Group 801.0 +49.5 801.0 491.9 4.0 15.2 2946.8 116 1429.0 –6.0 1696.0 1396.0 3.2 476.3 3587.9 4 British American Tobacco 4451.5 +39.0 5643.0 4381.5 3.8 19.6 82996.0 139 Phoenix Group Holdings 748.0 +9.0 798.5 724.0 6.2 - 2938.6 124 IMI 1262.0 +33.0 1443.0 1121.0 3.1 22.7 3432.3 47 Tui 1554.0 –32.0 1640.5 1068.0 3.7 12.7 9122.6 69 British Land 649.0 +15.6 691.5 590.5 4.5 11.1 6683.5 161 779.8 +22.2 1016.0 752.0 3.7 12.5 2474.6 22 Imperial Brands 2657.5 +20.0 3933.5 2600.5 6.0 18.0 25345.6 163 175.6 +0.2 277.4 145.6 - - 2428.7 189 696.5 +26.5 820.0 628.0 3.5 16.5 1836.3 121 Polymetal International 809.0 +64.6 1095.0 744.4 2.5 12.8 3479.6 134 Inchcape 722.5 +34.0 880.5 688.5 3.3 15.1 3013.3 118 UBM 897.5 +25.5 908.0 645.0 2.5 40.1 3535.4 25 BT 228.4 –2.5 342.5 225.6 6.3 14.2 22661.6 149 383.0 +0.3 419.5 267.6 - 45.2 2763.2 64 Paddy Power Betfair 8295.0 +145.0 8900.0 6665.0 1.8 51.0 6986.5 178 UDG Healthcare 829.0 +53.0 959.0 667.5 1.2 38.6 2058.6 153 BTG 680.0 +16.0 779.0 560.0 - 35.8 2623.0 83 Informa 689.0 +29.4 761.0 629.5 2.8 27.6 5677.4 12 Prudential 1839.0 +69.0 1981.0 1607.5 2.4 17.2 47553.3 13 Unilever 3801.5 +18.5 4548.5 3548.0 3.1 21.3 46932.6 67 Bunzl 2034.0 +11.0 2465.0 1941.0 2.1 23.7 6834.2 179 Inmarsat 448.4 +7.9 850.5 426.1 9.5 12.8 2044.9 80 Randgold Resources 6306.0 +288.0 8190.0 6018.0 1.1 28.6 5927.3 196 Unite Group 779.0 +18.5 813.0 611.0 2.3 9.1 1748.3 68 Burberry 1552.0 +54.0 1985.0 1498.0 2.5 22.1 6803.7 51 Intercontinental Hotels 4703.0 +199.0 4928.0 3668.0 1.7 27.1 8935.2 14 Reckitt Benckiser 6568.0 +258.0 8108.0 6310.0 2.3 22.0 46169.4 97 United Utilities 669.4 –24.0 1056.0 659.0 5.8 10.7 4564.6 164 Capital & Counties Properties 282.1 +6.4 324.8 253.1 0.5 97.3 2391.6 148 Intermediate Capital 1005.0 –13.0 1178.0 700.5 2.5 13.5 2819.4 172 Redrow 586.0 –8.0 664.5 481.3 2.9 7.5 2167.0 176 Vedanta Resources 754.0 +52.6 1040.0 575.0 5.5 - 2089.3 44 Carnival 4811.0 +24.0 5380.0 4285.0 1.8 18.1 10266.1 53 Intertek 4993.0 +219.0 5425.0 3445.0 1.2 29.5 8058.2 18 Relx 1491.0 +9.0 1782.0 1455.0 2.4 23.7 31043.9 174 2464.0 +40.0 2730.0 1832.0 1.9 21.2 2114.3 190 159.2 +4.1 190.5 131.8 7.5 22.8 1834.7 38 International Airlines Group 608.0 +16.6 670.0 504.5 3.3 7.3 12754.8 120 Renishaw 4810.0 +222.0 5775.0 3045.0 1.1 25.5 3501.1 10 Vodafone 204.6 +2.8 238.0 198.0 6.4 - 54587.9 62 128.1 +3.3 234.6 124.1 9.4 12.8 7039.1 180 International Public Partnerships 151.2 +0.6 166.6 147.2 4.3 8.8 2040.9 90 Rentokil Initial 290.4 +10.9 335.8 233.8 1.2 7.8 5335.6 98 Weir 2060.0 +87.5 2305.0 1727.0 2.1 69.1 4496.0 165 Close Brothers 1561.0 +54.0 1715.0 1316.0 3.7 12.2 2368.1 145 Intu Properties 209.4 +0.3 294.0 194.7 6.7 12.5 2837.4 108 Rightmove 4390.0 +160.0 4573.0 3889.0 1.2 30.4 4011.0 59 Whitbread 3950.0 +189.0 4307.0 3512.0 2.4 15.4 7244.1 137 Cobham 124.3 +7.9 148.0 110.7 1.4 - 2973.2 104 619.4 +27.0 627.5 461.4 3.7 12.8 4129.1 8 Rio Tinto 4102.0 +313.5 4172.5 2910.0 3.2 15.5 56514.7 150 William Hill 322.0 +10.8 338.0 240.0 3.9 17.2 2762.1 50 Coca Cola HBC 2459.0 +243.0 2671.0 1936.0 1.5 25.9 8959.1 65 ITV 171.9 +11.9 219.6 146.9 3.8 15.5 6921.7 136 RIT Capital Partners 1922.0 +78.0 2005.0 1815.0 - - 2982.7 186 1050.0 +40.0 1108.0 934.0 2.2 - 1869.3 21 Compass 1547.5 +41.0 1757.6 1425.0 2.2 21.7 25450.0 171 IWG 242.1 +21.5 365.2 190.9 2.1 16.8 2213.7 33 Rolls-Royce 832.2 +18.2 981.0 666.0 0.6 - 15313.7 188 Holdings 3237.0 +29.0 3716.0 1615.0 - 19.8 1860.6 102 Convatec 215.3 +20.9 344.0 182.0 - - 4201.5 144 Jardine Lloyd Thompson 1296.0 nc 1448.0 1016.0 2.5 24.0 2838.7 158 290.9 +13.6 304.2 223.5 1.8 33.4 2531.3 103 Wood 615.6 +10.2 828.5 560.0 4.2 - 4171.9 27 CRH 2482.0 +102.0 2920.0 2380.0 2.3 17.8 20756.6 111 JD Sports 387.8 +32.2 456.0 303.3 0.4 18.9 3774.2 17 Royal Bank Of Scotland 275.4 +0.9 302.4 224.7 - - 32706.7 31 WPP 1471.0 +190.0 1921.0 1227.0 3.8 10.8 18747.4 82 Croda 4453.0 +180.0 4597.0 3310.0 1.7 27.5 5850.9 73 Johnson Matthey 3226.0 +116.0 3503.0 2727.0 2.3 16.5 6243.4 1 Royal Dutch Shell A 2263.0 +20.5 2573.5 1992.5 6.2 23.4 189748.7 151 CYBG 309.0 +2.4 340.3 260.0 - 18.0 2733.4 160 541.8 +7.2 631.4 411.3 2.7 17.5 2479.8 Royal Dutch Shell B 2288.5 +35.0 2609.0 2052.5 6.2 23.6 - Price/earnings ratios are based on historic data, with yield and p/e values 78 DCC 6705.0 –15.0 7755.0 6665.0 1.7 29.6 5980.9 77 Just Eat 890.0 +83.2 890.0 496.0 - 72.4 6045.8 88 Royal Mail 547.0 +29.0 547.8 369.9 4.2 15.3 5470.0 calculated from the most recent reported dividends and earnings per share, 175 2250.0 +12.0 2400.0 1538.0 0.9 80.6 2096.4 113 Kaz Minerals 835.2 +69.8 965.8 430.5 - 16.7 3731.0 125 RPC 820.0 +18.6 993.0 720.5 2.9 16.1 3337.6 using trailing 12-month figures. 52-week highs and lows are end of day. 127 2932.0 +88.0 3118.0 2580.0 1.8 30.7 3267.7 55 Kingfisher 359.0 +9.3 368.1 288.0 2.9 13.7 7761.2 74 RSA Insurance 610.4 +14.4 666.5 570.5 2.6 54.5 6241.9 nc = no change Data provided by Morningstar.Any enquiries please contact: 6 Diageo 2505.0 +67.5 2725.0 2201.5 2.5 19.7 62250.4 128 Ladbrokes Coral 166.1 +5.4 188.0 111.3 1.8 - 3182.7 56 Sage 700.2 +28.0 821.4 615.5 2.1 29.4 7568.3 [email protected]