10 The Sunday Times September 16, 2018 BUSINESS

BRIEFING MARKET WATCH IAN COWIE

He has two brothers, Guy and Time flies when you are do it? With a little help from Worldwide Healthcare it was too late to buy the THE ISSUE Garth, who work in the family making money. Five years my friends and a lot of luck. Trust aims to do well by shares because the price did FEELING THE HEAT empire, which began in a single Stakes ago, I gave myself that much Here are my top 10 holdings, doing good. As the world not have much further to go. I bakery in Toronto. time to find out if I could run in rising order by value, with grows wealthier, more people booted up at $95 apiece in Retailers have had a particularly a “forever fund” with my the price I paid when I first are willing to pay for longer, February 2016, and the price difficult year in the UK, and Associated life savings to see me out. It invested and a few words of healthier lives. I invested at has since upgraded to $224. British Foods (ABF), the parent are high was a big leap from investing explanation, as well as the £13.53 in March 2014. By last The American aerospace company of Primark, has not escaped THE ANALYST small sums to managing a price they closed at on Friday. week’s close, the share price giant Boeing has benefited the turbulence. In a pre-close PIERCE BYRNE, CANTOR seven-figure pot built up from Deere, one of the world’s had perked up to £28. from rising demand for statement released to the market last with my more than a quarter of a biggest tractor-makers, went Polar Capital international travel. I got on week, management blamed the ABF’s Primark targets customers that century of company pension into my fund because food Technology is another board at $126 in November summer’s heatwave across northern spend little and often. Limited online contributions, so I resolved will never go out of fashion. investment trust. It provides 2014. Since then the shares for a 1.5% decline in like-for-like sales is the downside to a low-margin, to remember this was As a Londoner, I know specialist stock selection in a have soared to $360. (LFL) sales year to date in its Primark high-volume strategy as individual top 10 irreplaceable capital and nothing about agriculture, so sector where I see potential Fevertree Drinks, the business. LFL sales is a key growth items’ price points are low. Primark has amend my attitude to I rang my uncle who is a for growth but would rather posh tonic maker from west measure for businesses. instead grown its physical presence risk accordingly. farmer in Canada, and asked not pick which companies to London, is a favourite of Sue, Primark contributes 50-60% of the and will open close to 1m sq ft of retail Writing a weekly column if this was a great business or back myself — with one big my wife, and our gin-loving group’s revenues and profits, which space this year and next, expanding in holdings on this venture only made me a legacy brand. He gave US- exception mentioned below. I friend Lucy. I got bored with also experienced margin pressures as northern Europe and America. Its core more nervous about what felt based Deere the thumbs-up. I paid £4.67 in October 2013. whingeing about how much adverse currency moves offset UK business is under structural like something between a paid $82 in November 2013 Last week the shares were they were spending on their operational gains. Additional woes for pressure from lower consumer financial striptease and a and the shares have trundled changing hands at £13.50. fancy G&Ts and decided that, the group included lower sugar prices spending and moves to online high-wire act. For the benefit up to $149 since then. Adidas, the German sports if you can’t beat them, you ( 15% of revenues) due to a global shopping. ABF trades at 17.05 times of DIY investors everywhere, Baillie Gifford Shin goods outfit, was regarded as might as well join them. I oversupply. The group also has 2018 earnings and pays a dividend I am delighted to report that Nippon investment trust an also-ran by City types. invested in this AIM stock at interests in grocery, ingredients and of 1.83%. the first five years have gone provides exposure to smaller However, I reckoned making 211p in March 2015, tipping it agribusiness. In its pre-close, the surprisingly well. Despite companies in Japan. This is football kit for pennies and here at that time, since when company said that Brexit and its Associated British Foods recent setbacks for global another sector where I know selling it for pounds was just the price has fizzed up to a effect on sterling made guidance for stock markets and the odd next to nothing and am the sort of business I should truly intoxicating £38.63. £30 2019 difficult. car crash for my personal happy to pay for professional have a stake in. My shares, Despite several bouts of portfolio along the way — stock selection. I invested at bought at €61 in July 2014, profit-taking, FeverTree 28 Volkswagen’s diesel fraud 367p in October 2013, but a have run up to €210. remains my most valuable still makes this former five-for-one share split earlier McDonald’s, the world’s holding and makes up more THE BOSS 26 shareholder wince — my this year cuts the comparison biggest fast-food provider, than 6% of my forever fund. GEORGE WESTON forever fund has delivered price paid to 73p. The was another business out of These top 10 holdings 24 a total return, including investment trust closed last favour in the Square Mile. make up just over 40% of the George Weston, a grandson of the dividends and costs, of 63%. week at 196p. Wherever I travelled, though, total value of my fund, which Associated British Foods founder By contrast, the FTSE 100 Boku, a technology tiddler I could see strong demand for contains 50 stocks in all. 22 W Garfield Weston, has been chief index of Britain’s biggest that enables people to pay for affordable treats from people What remains to be seen is executive since 2005. Son of the A M J J A stocks has returned about goods and services through unwilling to spend their spare how we will fare when late Garry Weston, he is a nephew Source: LSE 35% over the same time. The their mobile phone bills, is time in the kitchen. I grabbed markets fall, as they certainly of Galen Weston, the owner of Market cap: £17.74bn (€19.92bn); Share MSCI World index of global the big surprise of this top 10. a bite at $95 in July 2014, shall at some point in the next Brown Thomas. price: £22.36; DPS: 1.83%; EPS: £1.37; stock markets, which is I read a report in The Sunday since when the shares have five years. In the interests of George Weston was educated at Top five shareholders: Wittington probably a fairer comparison, Times about Boku’s float on been super-sized to $161. balance, I intend to review Westminster School in London and Investments, 50.95%; Capital Group, because I began investing AIM, London’s junior stock Apple, the world’s first $1 my losers — or Cowie’s gained a master’s in philosophy, 7.94%; Howard Investments, 3.56%; overseas before anyone market, and was impressed trillion company, makes tech clangers — next week. politics and economics at Oxford Blackrock, 2.49%; Associated worried about Brexit or by its disruptive potential. I that even my 1950s cerebral ian.cowie@sunday- before completing an MBA at Harvard. British Foods Employees, 2.0% Marxists in Downing Street, bought at 73p last November. software can cope with. times.co.uk has grown by 53%. How did I The price is now 176p. Sadly, I wasted years thinking or Twitter @iancowie

ISEQ FTSE 100 8.71 26.34 0.13% 0.36% H:7,257.41 H:7,903.5 DATABANK 6,637.63 L:6,410.26 7,304.04L:6,866.9 IRISH SHARES THE WEEK IN THE MARKETS THE ECONOMY

ISEQ RISERS DOLLAR Consumer price index current rate annual change Ormonde Mining: 6c, U 17.65% EUR > USD 31 Abbey 14.75 –1.67 16.2 13.6 0.94 7.67 316.2 34 Kenmare Resources (£) 2.47 +2.92 3.52 2.05 0 4.9 270.7 Aryzta: €9.09, U 12.4% U0.3% U0.7% 7,200 Greencore Group: £1.97, U 12% 4 AIB Group 4.73 +3.46 5.8 4.55 3.94 12.84 12833.6 2 Kerry Group 97.15 +1.57 99.7 76 0.77 25.87 17126.3 Residential property price index current rate annual change 7,000 $1.16 42 Aminex 0.02 +0 0.05 0.02 – – 72.9 7 Kingspan Group 42.24 –0.24 43.96 31.8 1.08 21.06 7603.2 U 0.01 FALLERS U1% U10.4% 12-month high: $1.25 44 Amryt Pharma (£) 0.17 –0.43 0.26 0.16 0 – 47.4 39 Mainstay Medical International 15.2 +0 16.5 12.7 – – 133.3 6,800 C&C Group: €3.35, V 6% low: $1.13 Vehicles licensed for the first time Aug 2018 annual change UDG Healthcare: £6.48, V 5.5% 28 Applegreen 6.08 +0 6.68 5.35 0.27 20.39 557.6 35 Malin Corporation 5.1 +2 12.1 5 – – 232.2 6,600 Smurfit Kappa Group: €34.16, V 4.5% POUND 11,022 Z1.8% 25 Aryzta 9.09 +12.42 33.48 7.15 0.36 22.92 817.3 30 Mincon Group 1.66 +0.61 1.75 1 1.26 21.32 349.5 EUR > GBP 6,400 Average earnings a week prev. quarter qoq change 6 Bank of 7.38 +2.71 8.25 6.18 2.93 10.92 7930.7 26 Origin Enterprises 5.72 +3.06 7.1 4.93 3.67 11.08 718.3 €742 €739 U0.4% 19 C&C Group 3.35 –6.03 3.6 2.58 4.67 11.38 1036.3 2017 2018 £0.89 46 Ormonde Mining 0.06 +17.65 0.07 0.02 – – 28.4 Source: Yahoo W 0.00 Unemployment on last month annual change 16 Cairn Homes (£) 1.56 –4.3 2 1.46 1.24 18.7 1228.9 48 Ovoca Bio 0.1 +0 0.16 0.08 – – 8.2 12-month high: £0.90 low: £0.86 37 CPL Resources 6.3 +5 6.75 5.6 2.27 9.85 171.2 133,800/5.6% Z6,800 Z39,098 9 Paddy Power Betfair (£) 69.05 +1.02 91.85 60.27 2.98 17.05 5664.9 DOW JONES CAC 40 1 CRH 27.39 –0.94 33.09 26.53 2.65 12.88 22716.9 26,154.67 5,352.57 YEN Manufacturing output current rate annual change 22 Permanent TSB Group 2.11 +1.93 2.44 1.65 0 13.79 959.4 100.35 H:5,657.4 YEN > USD 15 Dalata Hotel Group 6.67 +0.76 7.35 5.26 1.59 15.03 1229.1 238.13 H:26,616.7 U3.3% 5.9% 47 Petroneft Resources (£) 0.02 –3.23 0.02 0.01 0 – 10.6 0.92% L:22,135.3 1.91% L:5,038.1 Z 36 Datalex 2.55 +4.94 3.8 2.3 2.14 30.59 196.9 Retail sales current rate annual change 41 Providence Resources 0.12 +3.33 0.16 0.05 – – 74.1 ¥111.99 8 DCC (£) 70.95 +3.65 78.08 64.45 1.99 18.69 6338.4 NASDAQ DAX U 0.94 U6.5% U5.5% 3 Ryanair Holdings 13.25 –2.07 18.3 12.86 0 11.61 15103 8,010.04 12,124.33 12-month high: ¥114.72 45 Donegal Investment Group 9.3 –0.53 9.75 6 1.88 20.49 38.9 low: ¥104.55 Irish trade latest month prev. month annual change 5 Smurfit Kappa Group 34.16 –4.47 37.14 22.82 2.81 12.43 8060.4 107.50 H:8,133.3 164.70 H:13,596.9 29 FBD Holdings 10.5 –0.94 13 7.65 2.82 12.84 364 balance (€bn) 24 Total Produce 2.13 +0.47 2.57 2.07 1.74 15.14 826.1 1.36% L:6,344.0 1.38% L:11,726.6 OIL €3.97bn €3.73bn Z5.6% 17 First Derivatives 44.2 –3.28 54.6 29.87 0.74 48.58 1143.5 DOLLARS/BARREL 11 Tullow Oil (£) 2.31 +6.94 2.79 1.53 0 11.17 3216.3 Gross domestic Q2 2018 Q1 2018 annual change 43 GAN (£) 0.66 +7.38 0.81 0.22 0 37.71 55.7 S&P 500 FTSE EUROFIRST product 13 UDG Healthcare (£) 6.48 –5.54 9.63 6.45 1.94 17.5 1610.4 2,904.98 1,477.83 U2.5% Z0.6% U9.9% 10 Glanbia 14.71 +0.96 17.01 13.21 1.77 16.01 4338.3 $76.83 50 Venn Life Sciences (£) 0.06 –0.42 0.16 0.05 0 18.5 3.6 33.30 H:2,916.5 17.16 H:1,588.0 V 0.81 Budget surplus/ latest month prev. month of GDP 2016 23 Glenveagh Properties 1.03 –1.71 1.26 1.03 0 43.45 901 1.16% L:2,488.0 1.17% L:1,415.8 12-month high: $80.50 deficit low: $53.04 Z€1.8bn Z€277m 0.9% 12 Grafton Group (£) 7.82 +1.89 8.51 7.27 2.26 12.4 1859.3 NIKKEI SENSEX 49 Great Western Mining 0.01 +0 0.03 0.01 – – 5.4 GOLD 23,094.67 38,090.64 DOLLARS/TROY OZ 18 Green REIT 1.56 +1.56 1.64 1.41 4.32 22.9 1083.2 787.61 H:23,105.3 299.18 H:38,989.7 33 Greencoat Renewables 1.04 –0.13 1.1 1.01 5.89 11.41 280.4 AIM IRISH COMPANIES 3.53% L:22,965.5 0.78% L:31,081.8 $1,196.72 10-YEAR BOND YIELDS % 14 Greencore Group (£) 1.97 +12.03 2.34 1.2 2.99 12.36 1386 V 1.70 HANG SENG ALL ORDS 12-month high: $1,359.26 21 Hibernia REIT 1.48 –1.46 1.57 1.38 3.16 28.59 1035.2 low: $1,179.16 variation 12 months 27,286.41 6,276.30 high low 32 Hostelworld 3.02 +0 4.8 2.54 – – 288.8 312.94 H:33,484.1 24.00 H:6,481.3 BITCOIN 1 Connemara Mining Co 0.02 +0 0.06 0.02 – – 2.5 IRELAND 0.93 ▲ 0.04 1.19 0.47 38 IFG Group (£) 1.38 –4 1.9 1.24 0 13.46 145.5 1.16% L:26,219.6 0.38% L:5,702.2 DOLLARS 2 Petrel Resources 0.02 –2.5 0.04 0.01 – – 1.9 40 Independent News & Media 0.08 +3.41 0.12 0.07 0 6.68 117.6 SHANGHAI S&P TSX UK 1.53 ▲ 0.07 1.79 1.10 3 Conroy Gold & Natural Resources 0.12 –4 0.47 0.1 – – 52.5 $6,519.64 20 Irish Continental Group 5.45 –0.73 6.03 4.99 2.43 19.02 1035.5 2,681.64 16,013.5 U 9.67 US 3.00 ▲ 0.06 3.12 2.18 27 Irish Residential Properties REIT 1.51 –0.13 1.6 1.33 3.8 23.02 653.6 4 Karelian Diamond Resources 0.05 +0 0.14 0.04 – – 1.6 20.66 H:3,587.0 76.8 H:16,586.5 12-month high: $19,497.4 low: $919.5 0.76% L:2,647.2 0.48% L:14,785.8 Price as of 11am Saturday 0.45 ▲ 0.06 0.80 0.19

BRITAIN’S 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) 48 3i Group 929.8 +17.2 1029.5 853.0 3.2 - 9017.2 9 Diageo 2670.5 –11.0 2883.5 2354.5 2.4 22.0 65585.4 36 Legal & General 253.4 +1.1 286.2 249.5 6.1 9.3 15102.6 75 Sage 585.8 +4.2 821.4 570.2 2.6 24.7 6353.8 176 3i Infrastructure 244.4 +0.9 271.7 203.0 3.5 - 1975.8 106 Direct Line Insurance 323.0 –4.7 393.2 322.2 6.3 11.4 4441.2 16 Lloyds Banking Group 58.9 +0.1 72.1 58.7 5.2 11.3 41882.8 64 Sainsbury, J 321.2 +2.3 341.5 224.8 3.0 25.3 7069.8 83 Admiral 2019.0 –2.0 2118.0 1784.0 2.6 17.3 5818.8 186 Dixons Carphone 161.8 +0.1 234.7 149.1 - 7.6 1876.6 35 London Stock Exchange 4790.0 +146.0 4794.0 3649.0 1.1 28.1 16674.9 53 Schroders 3006.0 +40.0 3773.0 2966.0 3.8 13.7 8132.6 165 Aggreko 855.0 +36.4 983.0 641.8 3.2 20.2 2189.9 87 easyJet 1421.0 –19.0 1796.0 1180.0 2.9 12.7 5644.3 147 Man 176.9 +9.9 217.7 161.5 4.6 14.5 2808.5 57 Scottish Mortgage 545.4 +14.4 568.3 407.6 0.6 - 7864.8 155 Alliance 759.0 –2.0 785.0 689.0 1.8 - 2563.9 127 Electrocomponents 729.4 –0.4 761.6 568.6 1.7 21.7 3228.8 102 Marks & Spencer 284.6 –8.8 354.1 264.5 6.6 177.9 4624.3 70 Segro 647.0 –4.4 679.0 527.0 2.6 5.8 6545.4 27 Anglo American 1545.0 +69.6 1926.4 1286.0 5.0 8.6 21703.8 190 Entertainment One 388.4 +16.2 395.6 250.1 0.3 27.0 1798.0 123 Mediclinic International 465.2 –25.6 707.0 465.2 1.7 - 3429.2 105 Severn Trent 1884.0 –70.5 2230.0 1703.0 4.4 18.5 4466.6 59 Antofagasta 784.6 +40.4 1149.0 740.4 1.0 15.6 7735.0 65 Evraz 483.7 +2.4 560.4 279.1 11.4 5.3 6981.5 112 Meggitt 534.4 +0.2 572.0 417.1 3.0 14.6 4149.6 150 Shaftesbury 905.0 –1.0 1055.0 901.0 1.8 8.0 2781.1 199 Ascential 418.0 –16.6 465.0 335.7 1.3 85.3 1675.0 33 Experian 1945.0 +55.0 1945.0 1446.0 1.5 29.9 17787.8 43 Melrose 220.0 –6.2 247.0 198.8 1.9 - 10688.2 17 Shire 4486.5 +202.0 4562.0 2953.5 0.6 11.2 41031.4 154 Ashmore 363.6 +13.6 433.2 332.3 4.6 17.1 2591.5 37 Ferguson 6382.0 +113.0 6382.0 4735.2 1.7 18.0 14795.4 196 Mercantile Investment Trust 212.5 +0.8 226.0 198.8 2.8 - 1692.9 21 Sky 1579.5 +29.5 1579.5 900.0 - 33.4 27161.3 41 Ashtead 2394.0 +136.0 2415.0 1738.0 1.2 11.6 11614.0 116 Foreign & Colonial 721.0 nc 741.0 595.0 1.5 - 3909.1 115 Merlin Entertainments 386.9 +10.1 468.2 318.4 1.9 19.2 3954.4 68 Smith (DS) 487.9 +3.1 513.4 361.9 3.0 21.1 6675.9 34 Associated British Foods 2236.0 –34.0 3371.0 2227.0 1.8 16.9 17701.8 84 Fresnillo 785.2 –48.8 1467.0 785.2 3.9 15.9 5786.1 152 Metro Bank 2804.0 +124.0 4040.0 2680.0 - 110.0 2731.0 40 Smith & Nephew 1397.0 +13.0 1431.0 1215.0 1.9 22.5 12215.3 8 Astra Zeneca 5645.0 –5.0 6107.0 4705.0 3.7 35.3 71509.7 119 G4S 234.1 +3.5 291.3 229.2 4.1 19.0 3632.3 86 Micro Focus International 1314.0 +27.5 2739.0 911.8 5.6 9.4 5685.6 76 Smiths 1579.5 +10.0 1801.0 1444.0 2.7 17.1 6253.3 113 Auto Trader 436.8 +3.3 457.0 319.0 1.2 24.7 4125.7 7 Glaxo Smith Kline 1484.2 –40.8 1619.4 1242.8 5.4 44.4 73621.0 198 Millennium & Copthorne Hotels 517.0 –6.0 625.5 431.9 1.3 15.3 1679.1 163 Smith WH 2082.0 +18.0 2347.0 1859.0 2.3 20.2 2275.3 104 Aveva 2806.0 +140.0 3054.0 1803.0 1.0 60.0 4525.0 15 Glencore 301.5 +5.6 415.0 286.9 3.4 9.5 42895.5 58 Mondi 2133.0 +51.0 2236.0 1693.0 2.5 17.4 7833.2 63 Smurfit Kappa 3058.0 –132.0 3292.0 2150.0 2.5 15.3 7254.0 31 Aviva 477.4 –0.9 552.0 477.1 5.7 17.2 18651.3 187 Grafton Group Units 781.5 +14.0 841.5 729.0 2.0 13.4 1864.4 189 Monks Investment Trust 827.0 –8.0 872.0 690.0 0.2 - 1798.1 156 Sophos 517.5 +7.0 669.5 416.0 0.6 - 2468.4 122 Babcock International 694.8 –23.0 862.4 626.2 4.1 10.4 3512.9 177 Great Portland Estates 699.8 –0.6 798.7 660.1 1.7 38.5 1971.1 78 Morrison Supermarkets 257.4 –4.5 269.4 204.1 2.4 25.4 6094.1 149 Spectris 2414.0 +118.0 2908.0 2229.0 2.3 9.9 2788.2 30 BAE Systems 626.0 +6.0 676.4 535.5 3.5 26.5 19994.1 80 GVC Holdings 1031.0 –34.0 1170.0 821.0 2.9 40.3 5963.2 175 National Express 398.4 –2.2 422.2 340.9 3.4 14.9 2038.8 92 Spirax-Sarco 7160.0 +270.0 7270.0 5410.0 1.2 30.3 5270.6 178 Balfour Beatty 285.6 +4.4 311.1 253.5 1.3 9.1 1970.6 91 Halma 1400.0 +10.0 1456.0 1075.0 1.0 34.4 5315.0 22 National Grid 791.3 –13.6 953.9 736.8 5.6 7.7 26892.2 184 Sports Direct International 350.5 –11.6 436.1 340.9 - 76.2 1882.1 42 SSE 1084.0 –168.5 1440.5 1084.0 8.5 13.4 11004.8 20 Barclays 171.1 –3.4 217.0 171.1 1.8 - 29277.1 120 Hammerson 460.0 +12.6 570.0 434.4 5.5 23.3 3603.1 114 Nex Group 1053.0 –2.0 1070.0 558.0 2.9 36.3 3998.6 88 Barratt Developments 556.4 +3.0 700.0 483.0 4.4 9.0 5641.4 44 Hargreaves Lansdown 2205.0 +37.0 2227.0 1396.0 1.4 44.5 10458.7 130 SSP 692.0 +0.8 710.4 517.2 1.2 32.0 3210.9 61 Next 5350.0 –98.0 6202.0 4230.0 3.0 12.9 7473.2 139 BBA Aviation 288.8 –9.6 368.8 288.8 2.5 32.4 2982.1 192 Hastings 268.6 –1.4 320.0 233.8 4.7 12.5 1766.5 28 Standard Chartered 612.1 –7.4120579.6 611.9 1.4 23.6 20226.0 62 NMC Health 3584.0 –106.0 4120.0 2645.0 0.4 45.8 7462.3 194 BCA Marketplace 218.5 –5.0 242.0 149.6 3.3 31.2 1742.5 136 Hays 210.6 +6.2 212.0 174.9 1.5 20.3 3056.7 82 St James’s Place Capital 1100.0 –1.0 1270.5 1052.0 3.9 38.3 5822.6 73 Ocado 914.8 –62.8 1146.0 238.7 - - 6386.3 140 Beazley 564.5 –11.0 619.5 452.8 2.0 85.7 2979.0 148 HICL Infrastructure 156.1 +0.3 163.5 133.5 5.2 - 2790.5 46 Standard Life Aberdeen 318.4 +4.7 446.3 304.2 6.7 11.0 9423.6 181 PageGroup 579.5 +2.5 623.5 440.6 2.2 20.2 1900.3 117 Bellway 2997.0 +107.0 3792.0 2838.0 4.1 7.6 3685.7 99 Hikma Pharmaceuticals 1962.0 +32.5 2016.0 855.6 1.3 - 4736.7 183 Synthomer 554.5 +4.5 575.5 460.0 2.2 18.7 1884.6 71 Pearson 837.4 –59.4 957.4 566.5 2.0 11.0 6540.6 100 Berkeley 3611.0 +48.0 4321.0 3490.0 3.0 6.6 4727.9 101 Hiscox 1610.0 –73.0 1711.0 1214.0 1.8 96.3 4650.1 141 Tate & Lyle 635.2 –22.6 710.0 526.0 4.4 11.3 2968.4 137 Pennon 721.0 –23.6 821.5 583.4 5.1 15.1 3026.3 6 BHP Billiton 1530.4 +11.4 1779.2 1305.5 4.0 23.5 81478.5 124 Homeserve 1016.0 +8.0 1039.0 705.0 1.6 34.2 3371.8 90 Taylor Wimpey 170.1 +4.3 211.2 164.3 2.8 8.8 5573.6 157 Pershing Square Holdings 1169.9 +21.4 1185.2 928.2 - - 2468.3 111 B&M European 415.5 +9.2 434.8 371.5 1.5 22.3 4157.3 138 Howden Joinery 490.8 +17.9 539.0 399.5 2.3 16.1 2987.5 191 Templeton Emerging Markets 692.0 –1.0 825.0 676.0 2.2 - 1786.6 60 Persimmon 2387.0 +18.0 2890.0 2358.0 9.8 9.3 7540.4 197 Bodycote 880.5 –16.5 1055.0 835.5 2.0 16.1 1685.8 2 HSBC 658.4 +3.3 796.0 650.8 5.8 17.7 131065.9 25 234.3 –4.6 266.2 176.0 0.4 19.4 22944.1 172 Petrofac 615.0 +6.6 660.0 397.3 4.7 - 2089.1 4 BP 550.4 +13.5 41056.7 536.9 5.5 20.5 109919.3 132 IG Group 858.5 –28.5 954.5 617.0 3.8 14.0 3166.5 145 Travis Perkins 1125.0 –8.0 1609.0 1102.0 4.0 12.2 2836.6 93 Phoenix Group Holdings 679.0 –4.5 714.5 496.2 6.7 66.2 4896.6 5 British American Tobacco 3659.5 –25.5 5100.0 3554.5 5.4 2.0 83939.5 134 IMI 1143.0 +12.0 1443.0 1013.0 3.5 21.2 3110.1 166 Tritax Big Box Reit 148.6 –1.4 156.9 139.6 4.4 7.3 2189.7 188 Polar Capital Technology Trust 1350.0 +12.0 1386.0 - - - 1799.8 79 British Land 615.4 +2.0 697.0 590.5 4.8 12.7 6015.1 24 Imperial Brands 2617.5 –82.5 3327.5 2325.0 6.5 20.4 24964.1 54 Tui 1377.0 +42.5 1810.5 1262.0 4.2 11.3 8087.5 153 Polymetal International 603.0 +1.0 927.5 591.0 5.4 8.6 2729.1 171 Britvic 803.5 –1.5 834.5 661.5 3.3 20.0 2126.0 151 Inchcape 667.0 –4.5 880.5 665.0 4.0 11.4 2768.9 131 Tullow Oil 229.5 +13.5 276.0 157.1 - 17.5 3195.4 26 BT 226.0 +3.1 287.6 202.9 6.8 11.1 22423.5 179 Indivior 269.8 +10.1 496.2 258.7 - 39.6 1965.0 85 Paddy Power Betfair 6920.0 +85.0 9110.0 6795.0 2.9 27.0 5694.5 3 Unilever 4262.5 +17.5 4548.5 3695.0 3.0 22.2 115547.3 168 BTG 558.5 –12.0 779.0 475.0 - 143.2 2162.0 47 Informa 734.6 –18.2 859.0 659.5 2.8 21.6 9194.3 14 Prudential 1705.5 +24.5 1981.0 1679.5 2.8 19.6 44204.7 160 Unite Group 907.0 +31.0 913.0 656.0 2.5 8.2 2389.0 52 Bunzl 2426.0 +69.0 2426.0 1936.0 1.9 24.5 8159.4 161 Inmarsat 494.1 –20.5 647.0 336.4 5.1 217.5 2280.6 200 QinetiQ 289.0 +12.5 289.0 195.5 2.1 11.9 1641.4 98 Utd Utilities 700.2 –18.8 886.0 656.0 5.6 13.5 4774.6 50 Burberry 2153.0 +61.0 2325.0 1498.0 1.8 31.5 8877.5 49 Intercontinental Hotels 4696.0 +76.0 4966.0 3668.0 1.6 20.5 8953.9 107 Randgold Resources 4655.0 –114.0 7545.0 4652.0 3.4 25.4 4395.1 146 Victrex 3284.0 +122.0 3284.0 2275.0 1.6 24.5 2829.0 169 Capital & Counties Properties 251.9 +4.2 319.9 245.4 0.6 - 2142.2 135 Intermediate Capital 1069.0 +57.0 1203.0 848.0 2.7 12.0 3103.8 11 Reckitt Benckiser 6680.0 +224.0 7187.0 5443.0 2.5 13.7 47220.9 193 Virgin Money 395.0 +9.0 421.8 258.6 1.5 10.4 1762.0 159 Capita 144.6 –5.6 644.0 123.2 4.7 - 2412.5 56 Intertek 4895.0 –133.0 6014.0 4554.0 1.5 27.6 7900.2 164 Redrow 596.0 +4.0 664.5 516.0 3.4 7.0 2204.0 13 Vodafone 167.4 +2.2 238.0 162.9 7.8 12.1 44732.0 18 Carnival 4704.0 +70.0 5085.0 4215.0 2.9 16.0 34470.7 39 International Airlines Group 683.0 +11.0 726.6 584.0 3.5 5.9 13660.1 12 Relx 1591.0 –60.5 1782.0 1429.5 2.5 19.4 46252.4 109 Weir 1652.0 +52.0 2325.0 1570.0 2.7 22.9 4285.8 55 Centrica 143.3 –4.8 193.0 124.1 8.4 15.2 8086.0 167 International Public Partnerships 154.0 –0.6 166.6 138.2 4.4 18.9 2164.4 118 Renishaw 5000.0 –105.0 5775.0 4434.0 1.1 27.5 3639.4 51 Whitbread 4685.0 –25.0 4711.0 3512.0 2.1 19.6 8603.3 110 Cineworld 310.4 –0.6 670.5 97.9 1.8 32.5 4255.9 173 Intu Properties 153.3 +3.3 253.0 149.1 9.1 - 2077.3 81 Rentokil Initial 319.8 –0.7 355.1 258.7 1.2 31.8 5895.0 162 William Hill 264.5 +13.4 338.0 243.6 5.0 - 2276.3 158 Close Brothers 1623.0 +41.0 1623.0 1316.0 3.7 12.4 2458.0 121 Investec 525.2 +38.7 648.6 461.4 4.5 10.6 3573.7 108 Rightmove 481.5 +3.5 535.0 388.9 1.2 29.0 4341.8 180 Witan Investment Trust 1100.0 nc 1138.0 995.0 2.0 - 1958.4 144 Cobham 119.0 –3.2 148.0 113.4 - 12.5 2845.3 72 ITV 159.8 +1.4 180.4 142.4 4.9 15.4 6432.6 10 Rio Tinto 3596.5 +87.0 4492.0 3417.0 6.1 8.2 62394.8 129 Wizz Air Holdings 3133.0 +75.0 3797.0 2799.0 - 16.4 3213.7 45 Coca Cola HBC 2598.0 +61.0 2801.0 2216.0 1.8 23.9 9569.2 174 IWG 228.9 –8.6 332.4 190.9 2.5 22.4 2072.9 128 RIT Capital Partners 2065.0 –15.0 2130.0 1844.0 - - 3216.5 94 Wood 721.0 +39.6 781.8 521.4 1.2 - 4886.5 23 Compass 1634.0 +7.0 1708.5 1425.0 2.1 22.9 25879.2 133 Jardine Lloyd Thompson 1440.0 –44.0 1496.0 1187.0 2.4 28.2 3154.1 32 Rolls-Royce 981.2 +11.2 1094.0 814.0 1.2 8.7 18344.6 182 Workspace 1050.0 +9.0 1165.0 861.5 2.2 10.1 1893.8 103 Convatec 230.8 +5.8 284.2 182.0 1.9 25.4 4527.1 95 JD Sports 500.2 +7.6 521.4 318.0 0.3 19.4 4868.1 143 Rotork 335.2 +4.2 361.4 241.7 1.6 49.3 2917.9 38 WPP 1124.5 –40.5 1471.0 1094.0 5.3 7.5 14188.6 195 Cranswick 3290.0 +58.0 3460.0 2780.0 1.4 24.0 1696.4 67 Johnson Matthey 3498.0 +20.0 3823.0 2835.0 2.2 22.6 6769.8 19 Royal Bank Of Scotland 246.1 +1.1 302.4 239.6 - 42.4 29650.6 29 CRH 2430.0 –43.0 2861.0 2338.0 2.5 12.6 20154.2 185 Jupiter Fund Management 410.9 +3.7 631.4 402.2 4.2 12.0 1880.7 1 Royal Dutch Shell A 2469.5 +26.0 2748.5 2102.5 5.8 13.8 205279.2 Price/earnings ratios are based on historic data, with yield and p/e values 66 Croda 5146.0 +124.0 5270.0 3675.0 1.6 27.9 6774.4 97 Just Eat 701.8 –2.2 890.0 661.0 - - 4777.6 Royal Dutch Shell B 2508.0 +29.0 2841.0 2142.5 5.7 14.0 calculated from the most recent reported dividends and earnings per share, 142 CYBG 333.2 +1.0 364.2 286.0 0.3 62.9 2952.3 170 Kaz Minerals 476.1 +35.6 1076.0 436.7 - 5.2 2133.3 96 Royal Mail 485.5 +17.9 631.0 369.9 4.8 18.9 4855.0 using trailing 12-month figures. 52-week highs and lows are end of day. 74 DCC 7115.0 +270.0 7755.0 6475.0 1.6 27.5 6356.2 89 Kingfisher 262.4 –0.9 362.5 259.2 4.0 11.9 5592.5 125 RPC 821.4 +137.8 993.0 648.6 3.1 13.4 3337.3 nc = no change Data provided by Morningstar.Any enquiries please contact: 126 Derwent London 2937.0 –29.0 3235.0 2625.0 2.0 10.9 3275.8 69 Land Securities 887.5 +4.5 1041.6 883.0 4.7 38.5 6580.5 77 RSA Insurance 608.6 –5.8 681.8 593.5 3.2 20.7 6249.3 [email protected]