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1 2 CONTENTS A world-leading IPO market FOREWORDS FTSE 100 OVERVIEW 5 FTSE 100: 9 FTSE 100 – did you know? ’s global benchmark 10 FTSE 100 in 1984 Nikhil Rathi CEO, London Plc

7 Supporting enterprise 79 £36bn and growth in the UK Jes Staley IPOs on LSE in 2018, the highest in Europe, A total £36bn equity capital was raised Group Chief Executive, raised £9.5 billion. in London in 2018 through IPOs and follow on issuance. SECTORS

11 Basic Materials 95 Industrials

53 3⁄5 25 Consumer Goods 119 Oil & Gas 21 IPOs and a further 32 introductions and London’s IPOs became even international new listings from international companies. in 2018, with 3⁄5 of the top IPOs by size coming 39 Consumer Services 119 Technology from outside of the UK. 63 Financials 123 Telecoms

87 Healthcare 127 Utilities 21 tech 36 This is a five-year high for the sector AIM is the most successful growth market and we have seen more tech IPOs (21) on in Europe with 36 AIM IPOs. 135 Index of Companies than any other European exchange.

To find out more please contact us at [email protected] or visit An official publication of London Stock Exchange Group © London Stock Exchange Group 2019. All rights reserved www.lsegissuerservices.com 10 Paternoster Square, London EC4M 7LS

13 4 FTSE 100: LONDON’S GLOBAL BENCHMARK

The UK has always been at the forefront of financial innovation, bringing UK and international companies and investors together to raise and invest capital efficiently. Firms from 100 countries are listed on London Stock Exchange and the FTSE 100 index is seen as the global benchmark for blue-chip firms listed on our markets. An index tracks the performance of a basket of securities and is increasingly used by investors to issue investment products, such as exchange traded funds (ETFs), and to measure performance. Enabling Created by FTSE Russell over 30 years ago, indexes, which track alternative strategies rather the FTSE 100, as its name suggests, tracks the than the traditional market-cap weightings. performance of the 100 largest eligible companies listed on London Stock Exchange ranked in order Through London, global blue-chips are looking by their market capitalisation. When the FTSE 100 outwards whilst securing strong inward investor support. Deep market liquidity provides them Nikhil Rathi thriving first launched, the combined value of companies was around £160 billion, but today this stands at with increased access to long-term capital, CEO, London Stock over £2 trillion – a testament to the growth of our allowing them to innovate, grow and create jobs. Exchange Plc global capital markets. This is a clear demonstration of international investor confidence in UK plc. And more broadly, Constituents of the index operate in more deep and liquid capital markets reduce the cost markets, than 150 countries around the world and of investment capital and global clearing liquidity more than two thirds of their revenues are pools cut the cost of regulatory capital. generated overseas, with the ability to report in a wide variety of currencies including US Dollars. The FTSE 100 complies with the highest They represent diversified sectors too, operating governance standards, with rule-based together. across more than 10 sectors with consumer methodologies and independent governance services and financials leading the way. committees. Making sure that indexes serve Global household names include Barclays, their users – that they are constructed with BP, , Easyjet, and Legal & General. transparency, objectivity and integrity – is crucial.

Like most financial innovation, the growth Public awareness of indexes is at an all time of indexes was born out of customer demand. high and has become a key component of Today some $15 trillion in global assets under financial market infrastructure. The FTSE 100 management are benchmarked to FTSE Russell remains the UK’s globally recognised benchmark. indexes and the Group provides data and FTSE 100 constituents have embraced innovative analytics tools in addition to the thousands new strategies, fostered global outlooks and of indexes that they calculate daily. driven economic success in the UK and in the countries in which they operate. We look Passive investment in equities has risen by almost forward to welcoming the leaders 400 per cent in the last twenty years, an approach of tomorrow from across the world seeking increasingly deployed by investors both large and to achieve the FTSE 100’s aspirational status. small. In turn, it has also led to the emergence of more bespoke indexes, such as those screening lseg.com constituents linked to environmental, social and governance (ESG) factors and ‘Smart-Beta’

5 6 Supporting businesses SUPPORTING that build the future

We’re proud of our steadfast partnerships with visionary ENTERPRISE AND businesses. Financial solutions tailored to business needs are essential for growth. Whether it’s through GROWTH IN THE UK strategic advice, capital raising or risk management, companies can ignite growth with Barclays.

barclays.com/ib The history of Barclays and the history of London have been intertwined for over 325 years. As the City has developed into one of the world’s leading financial centres and the most sophisticated and liquid capital market in Europe – embodied by the London Stock Exchange – Barclays has grown to be the British universal bank bridging the world’s great financial centres in London and New York. I’m delighted that our close advisory relationship with the LSE continues to go from strength to strength. The foundation of London’s success is the rich ecosystem of expertise and innovation in all aspects of financial services, from advisory and governance to leading edge fintechs. London discovered the power and resilience of these networks early, and Jes Staley they remain central to its continued success in uncertain times. And because the Group Chief Executive, is a truly global financial services powerhouse, it gives the UK as a Barclays whole a powerful competitive advantage: easy access to world-class financial services and to the capital markets that will power the innovation and growth of the future as surely as access to coal and steel powered Britain’s first . We are committed to playing our full part in ensuring that the UK continues to thrive – our future depends on it. That’s why alongside our support for small and large businesses across the UK, we’re also equipping millions of people with the skills they need to succeed in a changing economy and working across communities to understand what help and support they need to thrive. We are optimistic about the future for the UK, for the City and we look forward to continuing to support our customers and clients around the world, including the LSE, as we have always done.

Barclays offers investment banking products and services to its clients through Barclays Bank PLC. Barclays Bank PLC is authorised in the United Kingdom by the UK Prudential Regulation Authority and UHJXODWHGE\WKH8.)LQDQFLDO&RQGXFW$XWKRULW\DQGWKH8.3UXGHQWLDO5HJXODWLRQ$XWKRULW\DQGLVUHJLVWHUHGLQ(QJODQG1R5HJLVWHUHG2IÀFH&KXUFKLOO3ODFH/RQGRQ(+38QLWHG.LQJGRP %DUFOD\VXQGHUWDNHVLWV86VHFXULWLHVDQGLQYHVWPHQWEDQNLQJEXVLQHVVLQWKHQDPHRILWVZKROO\RZQHGVXEVLGLDU\%DUFOD\V&DSLWDO,QFDQ6,3&DQG),15$PHPEHU‹%DUFOD\V$OOULJKWVUHVHUYHG%DUFOD\V LVDUHJLVWHUHGWUDGHPDUNRI%DUFOD\V3/&XVHGXQGHUOLFHQVH 7 8 FTSE 100 – DID YOU KNOW? FTSE 100 COMPANIES IN 1984

FTSE 100 INDEX ORIGINAL FTSE 100 COMPANIES FTSE 100 MARKET CAP QUARTERLY REVIEW COUNTRIES WAS LAUNCHED ON Allied-Lyons ICI Imperial Continental Gas 3RD JANUARY 1984 Associated Dairies Imperial £2tn+ BICC Ladbrokes 150+ OVERALL MARKET CAP BOC Land Securities COUNTRIES WHERE BPB Industries Legal & General FTSE 100 COMPANIES * BTR OPERATE £160bn Barclays MEPC MFI Furtniture Bass Magnet & Southerns MARKET VALUE NEEDED Beecham Marks & Spencer Berisford Midland Bank TO ENTER THE INDEX National Westminster Bank THEN AND NOW British Pearson (S) & Son £100m British & commonwealth Shipping Peninsular & Oriental Steam British Electric Traction Brothers INTERNATIONAL PRICE UPDATES MARKETS INDEX VALUE BP Prudential Assurance 1888 Britoil RMC THE FTSE 100 WAS ONE OF LISTING DATE OF ANTOFAGASTA; Bowater Electronics THE FIRST INDICES TO HAVE THE LONGEST CONTINUALLY Rank Organisation MINUTE-BY-MINUTE PRICE 1,000 LISTED COMPANY ON LONDON Cable & Wireless & Colman UPDATES. TODAY, THE FTSE 100 STOCK EXCHANGE Schweppes Redland IS CALCULATED IN REAL TIME TOP 5 LARGEST FTSE 100 Charterhouse J. Rotschild Reed International AND PUBLISHED EVERY 70%+ Commercial Union Assurance -Zinc COMPANIES BY MARKET CAP OF REVENUES OF FTSE 100 Consolidated gold Field Rowntree-Mackintosh MARKET VALUE NEEDED COMPANIES ARE DERIVED FROM BRITISH PETROLEUM CO Royal INTERNATIONAL MARKETS Dalgety Royal Insurance TO ENTER THE INDEX SHELL TRANS & TRAD CO Distillers J Sainsbury Edinburgh Investment Trust Scottish & Newcastle Breweries 15 IMPERIAL CHEMICAL INDUSTRIES English China Clays Sears £4bn+ MARKS & SPENCER Exco International Sedgwick SECONDS Shell Transport & trading Smith & Nephew General Accident Fire & Life General Electric Standard Telephone & Cable ICB SECTOR CLASSIFICATION THE ONLY DAY ICB SECTOR CLASSIFICATION Glaxo Sun Alliance & London Insurance Globe Investment Trust Sun Life Assurance Society WHEN THE FTSE 100 WAS NOT Basic Materials: 11 CALCULATED WAS THE DAY Basic Materials: 7 GUS Consumer Goods: 12 AFTER THE GREAT STORM. Consumer Goods: 21 Guardian Royal Exchange Thorn EMI Consumer Services: 22 THE UK’S WORST STORM Consumer Services: 15 Guest, Keen & Nettlefolds Trafalgar House Financials: 22 IN 300 YEARS Financials: 23 Hambro Life Assurance Trusthouse Forte Healthcare: 5 Healthcare: 4 Ultramar Trust Industrials: 17 Industrials: 23 Harrisons & Crosfield United Biscuits Oil & Gas: 2 Oil & Gas: 4 Technology: 2 Technology: 0 Telecoms: 2 16 OCTOBER 1987 Telecoms: 2 Utilities: 5 Utilities: 1 * as of December 1985, first data available

9 1010 BASIC MATERIALS

Basic Materials sector includes companies involved in the discovery, development and processing of raw materials. The sector includes the following sub-sectors: Chemicals, Forestry & Paper, Industrial Metals & Mining, and Precious Metals & General Mining.

11 12 BASIC MATERIALS

ANGLO AMERICAN PLC

Anglo American is a globally diversified mining business. Their portfolio angloamerican.com of world-class competitive mining operations and undeveloped resources antofagasta.co.uk provides the raw materials to meet the growing consumer-driven 1888 BRANDS demands of the world’s developed and maturing economies. As a MATERIALS De Beers responsible miner – of diamonds (through De Beers), copper, platinum PRODUCED and other precious metals, iron ore, coal and nickel – they are the Copper MATERIALS custodians of what are precious natural resources. Listing year on London PRODUCED SECTOR Diamonds, copper, Stock Exchange Basic Materials platinum group metals, iron ore, manganese, INDUSTRY coal, and nickel Metals & Mining SECTOR Basic Materials

INDUSTRY Metals & Mining

2017

Anglo American celebrated its centenary

ANTOFAGASTA PLC

Antofagasta plc is engaged in copper mining, including exploration and development, the transportation of freight by rail and road and the distribution of water.

13 14 BASIC MATERIALS

CRODA INTERNATIONAL PLC

Croda International is engaged in manufacturing speciality chemicals. It supplies speciality ingredients for the personal care industry, .com croda.com pharmaceutical and nutritional markets. It also sells coating and MATERIALS polymer, and adhesives. MARKET SECTORS PRODUCED Personal Care, Life Coal, copper, iron ore Sciences (Crop Care and petroleum and Health Care) and Performance Technologies SECTOR (coatings and polymers, geo technologies, home Basic Materials care, lubricants and polymer additives) INDUSTRY Metals & Mining SECTOR Basic Materials

INDUSTRY Chemicals

1925

Croda’s first manufacturing 1851 site opened

“Since 1851 we’ve been developing and contributing to the industries, communities and economies around the world”

BHP BILLITON PLC

BHP Billiton is a global resources company. BHP Billiton operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton plc Group, operating as a single economic entity. BHP Billiton operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.

15 16 BASIC MATERIALS

EVRAZ PLC

EVRAZ is a vertically integrated steel, mining and vanadium business evraz.com with operations in the Russian Federation, USA, Canada, Czech Republic, Italy and Kazakhstan. EVRAZ is among the top steel producers in the fresnilloplc.com MATERIALS PRODUCED world based on crude steel production of 14 million tonnes in 2017. A significant portion of the company’s internal consumption of iron MATERIALS Iron ore mining & PRODUCED enriching, coal mining, ore and coking coal is covered by its mining operations. steel manufacturing, Gold and silver from ore steel manufacturing, SECTOR and vanadium products manufacturing Basic Materials

SECTOR INDUSTRY Basic Materials Metals & Mining

INDUSTRY Metals & Mining

500

years of operation in Fresnillo’s flagship mine in Mexico

2005

EVRAZ Group S.A.’s Global Depositary Receipts (GDR) begin trading on the Fresnillo is engaged in the exploration, development, and production London Stock Exchange of gold and silver properties in Mexico. Its properties include: Fresnillo, Saucito, Cienega (including the San Ramon satellite mine), Herradura, Soledad-Dipolos and Noche Buena.

17 18 BASIC MATERIALS

JOHNSON MATTHEY PLC

Johnson Matthey is a global leader in science that enables a cleaner matthey.com .com and healthier world. With over 200-years of sustained commitment to innovation and scientific breakthroughs, their technologies improve MATERIALS MATERIALS the function, performance and safety of customer’s products. Their PRODUCED PRODUCED Copper, zinc, lead, nickel, science has a global impact in areas such as low emission transport, Emission controls ferro alloys, alumnina, pharmaceuticals, chemical processing and making the most efficient catalysts, precious metals aluminum, coal, oil and use of the planet’s natural resources. chemicals and catalysts, agricultural products chemical, petrochemical and biorenewable process SECTOR technology, catalysts and battery technologies, Basic Materials active pharmaceutical INDUSTRY ingredients, precious metals refining Metals & Mining and precious metals management

SECTOR Basic Materials

INDUSTRY World’s largest Chemicals commodities trading company

20m

tonnes p.a. of pollutants GLENCORE PLC prevented from entering Glencore is a producer and marketer of natural resources. the air thanks to Johnson It is engaged in the production, refinement, processing, storage, Matthey products transport and marketing of metals and minerals, energy products and agricultural products.

19 20 BASIC MATERIALS

MONDI PLC

Mondi plc offers paper and packaging products. It is fully integrated across packaging and paper value chain from managing forests and producing pulp, paper and compound plastics, to developing industrial polymetal mondi.co.uk and consumer packaging solutions. international.com

MATERIALS PRODUCTS PRODUCED Gold and Silver Pulp, paper, containerboard SECTOR and packaging Basic Materials SECTOR INDUSTRY Basic Materials Precious Metals INDUSTRY & General Mining Forestry & Paper

1967

Their global business began in 1967, when former owners Anglo American built the Merebank mill in South Africa

2nd largest gold producer in Russia

POLYMETAL INTERNATIONAL PLC

Polymetal International is a leading precious metals mining group operating in Russia and Kazakhstan with a portfolio of nine producing gold and silver mines and an impressive pipeline of future growth projects. Polymetal wants to continue delivering meaningful cash returns to shareholders through the commodity and investment cycles by a combination of regular and special dividends. At the same time, Polymetal wants to grow production and increase free cash flow through the addition of new high-grade, value-accretive assets.

21 22 Issuer Services riotinto.com

MATERIALS PRODUCED Connectivity for the benefit of our issuers Iron ore, copper, diamonds, gold, silver, energy and minerals (coal, iron ore concentrate, salt, titanium dioxide and uranium)

SECTOR Basic Materials COMPANY PROFILE LSEG SERVICES INDUSTRY Metals & Mining 150+ Personalise your Our services LSE profile page in one place years of pioneering exploration around the world MARKETPLACE DATA Vetted third party Connecting you services for issuers to your data

SPARK Thought leadership content to inspire

To find out more please contact us at [email protected]

RIO TINTO PLC

Rio Tinto is engaged in finding, mining and processing mineral resources. Rio Tinto has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; copper and diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by- product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and energy and minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.

23 24 CONSUMER GOODS

The Consumer Goods sector comprises companies involved in the end result production or manufacturing of goods that are readily available for consumption. This sector includes the following sub-sectors: Automobile & Parts, Food & Beverage, Personal & Household Goods (inc Home , Leisure Goods, and Tobacco).

25 26 CONSUMER GOODS

ASSOCIATED BRITISH FOODS PLC

Associated British Foods is a diversified international food, ingredients and retail group with operations across Europe, southern 450,000+ Africa, the Americas, Asia and Australia. Their business is split into abf.co.uk five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail. barrattdevelopments.co.uk BRANDS Allinson, Azucarera, homes built by Barratt BRANDS Billington’s, Blue Dragon, Barratt Homes, Don, Dorset Cereals, Developments since 1958 David Wilson Homes, High5, Illovo, Jordans, Barratt London and Kingsmill, Mazola, Mazzetti, Ovaltine, Patak’s, Developments Primark, Ryvita, Reflex Nutrition, Silver Spoon, SECTOR Tip Top and Twinings Consumer Goods

SECTOR INDUSTRY Consumer Goods Household INDUSTRY Goods & Home Food Producers 100+ Construction

countries where Associated British Foods products are sold

BARRATT DEVELOPMENTS PLC

Barratt Developments plc is engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds throughout Britain.

27 28 CONSUMER GOODS

BRITISH AMERICAN TOBACCO PLC

British American Tobacco plc manufactures and sells cigarettes and other tobacco products under the brands Dunhill, Kent, Lucky Strike, berkeleygroup.co.uk Pall Mall and Rothmans. It also offers Vapour Products, like e-cigarettes, and Tobacco Heating Products. bat.com BRANDS Berkeley, St George, BRANDS St James, St Edward, Dunhill, Kent, Lucky Strike, St William and St Joseph Pall Mall, Rothmans, Vogue, Newport, Camel, SECTOR e-cigarettes (Vype, iFuse) Consumer Goods and snus

INDUSTRY SECTOR Household Consumer Goods Goods & Home INDUSTRY Construction Tobacco

First major housebuilder in Britain to become carbon positive

200 PLC The Berkeley Group builds beautiful, successful places in London, countries where Birmingham and the South East, blending homes, parks and public realm with great facilities to create fantastic communities where British American Tobacco people love to live. They work together with councils and communities products are sold to tackle the shortage of good quality homes and they make a lasting contribution to the landscape and the places they help create.

29 30 CONSUMER GOODS

BURBERRY GROUP PLC

Burberry Group plc is a global British luxury brand with heritage in burberryplc.com design, innovation and craftsmanship. The company designs, develops, coca-colahellenic.com makes and sells products under the Burberry brand. BRANDS BRANDS Burberry Coca-Cola (and SECTOR subsidiaries), Dr Pepper, Fanta (and subsidiaries), Consumer Goods Sprite (and subsidiaries), Bon-Acqua, Minute Maid, INDUSTRY Oasis, Powerade Personal Goods and Nestea SECTOR Consumer Goods

INDUSTRY Beverages

2bn+

unit cases sold every year

460+ COCA-COLA HBC AG Burberry stores worldwide Coca-Cola HBC AG through its subsidiary is engaged in the production, selling and distribution of non-alcoholic ready-to-drink beverages under the franchise from the Coca-Cola Company.

31 32 CONSUMER GOODS

IMPERIAL BRANDS PLC

Imperial Brands PLC, is the parent company of a dynamic international diageo.com business specialising in tobacco and non-tobacco brands. Their PLC 200+ name reflects the breadth of their brands focus across five distinct imperialbrandsplc.com BRANDS entities: Imperial Tobacco, Tabacalera, ITG Brands, Fontem Ventures Johnnie Walker, Smirnoff, and Logista. Their core business is built around a tobacco portfolio BRANDS Baileys, Captain Morgan, Tanqueray, , thatoffers a comprehensive range of cigarettes, fine cut and smokeless Growth brands – Don Julio and Crown Royal brands enjoyed in more tobaccos, papers and cigars. Through their subsidiary business Fontem , , Lambert & Butler, Ventures, they continue to prioritise e-vapour. SECTOR than 180 countries , P&S, News, JPS, Fine, Consumer Goods (USA only) and INDUSTRY Specialist brands – , Jadé, , Beverages , , , , , , blu, Skruf and Backwoods

SECTOR Consumer Goods

INDUSTRY Tobacco

“ We are significantly stepping up our level of NGP activity in 2018 DIAGEO PLC and beyond, expanding Diageo is a global leader in beverage alcohol with an outstanding our portfolio with new collection of brands across spirits and beer. Their products are sold in more than 180 countries around the world. Brands include Johnnie product launches in new Walker, Crown Royal, J&B, Buchanan’s and Windsor whiskies, Smirnoff, and existing markets” Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio Tanqueray and Guinness.

33 34 CONSUMER GOODS

PERSIMMON PLC

Persimmon plc, through its subsidiaries, is engaged in the housebuilding business in the United Kingdom. It trades under the brand names of persimmonhomes.com Persimmon Homes, Charles Church, Partnerships and Space4. BRANDS rb.com Persimmon, Charles Church, BRANDS Westbury Partnerships AirWick, Calgon, Cillit and Space4 Bang, Clearasil, Dettol, Durex, Dysol, Enfamil, SECTOR Finish, Gaviscon, Harpic, Consumer Goods Mortein, Nurofen, Scholl, Strepsils, Vanish, Veet and INDUSTRY Woolite

Household SECTOR Goods & Home Consumer Goods Construction INDUSTRY Household Goods & Home Construction

Founded in 1972, Persimmon plc is one of the UK’s leading housebuilders today 200

Reckitt Benckiser brands are available in 200 countries

RECKITT BENCKISER GROUP PLC

Reckitt Benckiser Group plc is a consumer health and hygiene company. It manufactures and sells branded products in the health, hygiene and home categories such as Calgon, Finish, Lysol and Mucinex.

35 36 CONSUMER GOODS

UNILEVER PLC

Unilever plc is engaged in the household products industry. The company is a supplier of fast moving consumer goods. Its areas taylorwimpey.co.uk of operations are personal care, home care, foods and refreshment. unilever.com BRANDS BRANDS Alberto Balsam, SECTOR Ben & Jerry’s, Bertolli, Consumer Goods Carte D’or, CIF, Colman’s, Comfort, Cornetto, INDUSTRY Dove, Flora, Hellmann’s, Household Knorr, Lipton, Lynx, Lyons, Magnum, Marmite, Goods & Home Persil, PG tips, Pot Noodle, Construction Radox, Simple, Solero, St Ives, Sure, Surf, Toni & Guy, TRESemme, Vaseline and Wall’s

SECTOR Consumer Goods

INDUSTRY 60,000+ Personal Goods

homes built in the past 5 years

TAYLOR WIMPEY PLC

Taylor Wimpey is one of the UK’s largest residential housing developers operating at a local level from 24 regional businesses across the UK. The Group also has operations in Spain. Taylor Wimpey builds a wide range of homes, from one bedroom apartments to five bedroom houses, with 2bn a broad price range including both private and affordable homes. Taylor Wimpey works closely with local communities and partners to create well designed, sustainable neighbourhoods where customers want to live, grow and thrive and which are valued by local communities. As a people use Unilever responsible developer, Taylor Wimpey also provides investment in local infrastructure, public transport, and community and educational products every day facilities in the areas it builds homes.

37 38 CONSUMER SERVICES

The Consumer Services sector comprises companies involved in the production, the marketing or the manufacturing of consumer products. This sector comprises the following sub-sectors: Retail (Food & Drug Retailers, and General Retailers), Media, and Travel & Leisure.

39 40 CONSUMER SERVICES

AUTO TRADER GROUP PLC

Auto Trader Group plc is the UK’s largest digital automotive marketplace. plc.autotrader.co.uk Auto Trader has over 90% prompted brand awareness with consumers, and attracts circa 55 million cross platform visits each month. 70% of carnivalcorp.com SECTOR these visits come through mobile devices. The marketplace also hosts Consumer Services the largest pool of vehicle sellers (listing more than 450,000 cars each BRANDS INDUSTRY day). Over 80% of UK automotive retailers advertise on autotrader.co.uk. Carnival Cruise Line, Auto Trader’s purpose is to lead the digital future of the UK automotive Fathom, Holland America Media Line, Princess Cruises, marketplace. Auto Trader aims to improve the process of buying and Seabourn, P&O Cruises, selling vehicles in the UK, by continually evolving the ecosystem to Cunard, AIDA Cruises provide a better experience for consumers, retailers and manufacturers and Costa Cruises alike. Auto Trader is a 100% digital business. Starting life as a local SECTOR classified magazine in 1977, they have grown and evolved alongside Consumer Services their customers. In 2013, Auto Trader successfully completed the transition from a print title and became a fully digital marketplace. INDUSTRY Auto Trader’s rich history gives them nearly 40 years of brand heritage Travel & Leisure and trust – unusual among online companies.

102 ships visiting more than 700 ports around the world and serving more than 11.5 million passengers every year

55m CARNIVAL PLC

cross platform visits Carnival plc is an UK-based cruise company providing leisure each month travel to major cruise destinations throughout the world. Its portfolio of cruise brands includes AIDA, Carnival Cruise Line, Costa, Cunard, Holland America Line, and other.

41 42 CONSUMER SERVICES

FLUTTER ENTERTAINMENT PLC

Flutter Entertainment is the new name for Paddy Power Betfair, which was formed in 2016 from the merger of Paddy Power and Betfair compass-group.com Group. The Group has changed its name to reflect the increasing diversity flutter.com of its brands, geographies and operations following the transformational BRANDS merger of its US business with FanDuel in 2018 and the recent acquisition BRANDS Eurest, Chartwells, of Adjarabet in Georgia. Flutter houses six of the world’s leading Paddy Power, Betfair, Sportsbet, TVG, Adjarabet Restaurant Associates, sports betting and gaming brands; Paddy Power, Betfair and Adjarabet FLIK and Bon Appetit and FanDuel in Europe; Sportsbet in Australia; and FanDuel and TVG in the USA. SECTOR Together, these brands provide over six million customers with a SECTOR Consumer Services market-leading range of betting products across online and retail Consumer Services channels, with proprietary technology supporting sportsbooks, INDUSTRY INDUSTRY exchange, gaming, daily fantasy sports and advanced-deposit Travel & Leisure Travel & Leisure -wagering services, and the TVG television network in the US.

5.5bn+

“ We are the world’s leading food service company serving over 5.5 billion meals a year” 2002

COMPASS GROUP PLC Flutter is a name from PLC is the world’s leading food service company. the Group’s archives, being It operates in around 50 countries, employs over 550,000 people and serves over 5.5 billion meals a year. The Company specialises in providing a rival Exchange acquired food and a range of support services across the core sectors of Business by Betfair back in January & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.

43 44 CONSUMER SERVICES

IHG® (INTERCONTINENTAL HOTELS GROUP PLC) .com IHG is one of the world’s leading hotel companies. It franchises, leases, ihgplc.com manages or owns more than 5,300 hotels and nearly 800,000 guest PRODUCTS BRANDS rooms, in almost 100 countries. IHG also manages IHG® Rewards Club, & SERVICES InterContinental Hotels its global loyalty programme, which has more than 100 million enrolled Academic books and & Resorts, Kimpton Hotels members. More than 375,000 people work across IHG’s hotels and journals, data-driven & Restaurants, Hotel corporate offices globally. intelligence publications Indigo, EVEN Hotels, and services, exhibitions, HUALUXE Hotels and conferences and learning Resorts, Crowne Plaza platforms Hotels & Resorts, Holiday Inn, Holiday Inn Express, SECTOR Holiday Inn Club Consumer Vacations, Holiday Inn Services Resort, Avid Hotels, Staybridge Suites and INDUSTRY Candlewood Suites Media SECTOR Consumer Services

INDUSTRY Travel & Leisure

IHG became a standalone company in 2003, but its hotel brands have a much longer history dating back to the opening of the first InterContinental hotel, in Belém, Brazil, in 1949 140,000+

new articles published, 6,000 books published, +1 million visitors in events every year

INFORMA PLC

Informa plc is engaged in business intelligence, academic publishing, knowledge and events business, and operates in the Knowledge and Information Economy.

45 46 CONSUMER SERVICES

ITV PLC

ITV plc is a broadcasting television company. The firm is an integrated iairgroup.com producer and broadcaster operating in three business segments: video, content, and digital with business operations spread across itvplc.com BRANDS the United Kingdom. Aer Lingus, , BRANDS and Vuelings ITV, ITV News, ITV2, ITV3, ITV4, CITV, ITVBe, ITV SECTOR Encore and ITV Hub Consumer Services SECTOR Consumer INDUSTRY Services Travel & Leisure INDUSTRY 2011 Media

Formed in January 2011, IAG is the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL

21.4% INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA share of viewing, the International Consolidated Airlines Group SA is in the operation largest audience of any UK of international and domestic scheduled air services for the carriage of passengers and cargo. It operates through three airlines including commercial broadcaster British Airways, Iberia and Vueling.

47 48 CONSUMER SERVICES

JD SPORTS PLC

jdplc.com Established in 1981 with a single store in the North West of England, JD Sports Fashion Plc is a leading international multichannel retailer justeatplc.com BRANDS of sports, fashion and outdoor brands. The first London store was opened JD Sports, Finish Line, in Oxford Street in 1989 and by the time of JD’s flotation BRANDS Size?, Footpatrol, Sprinter, in 1996 there were 56 stores. The JD Group now has over 2,400 stores Just Eat, SkipTheDishes, Sport Zone, Chausport, in 19 countries. Menulog, Eat.ch, iFood Go Outdoors, Blacks, and SinDelantal Millets, Tiso, Tessuti, Scotts, Choice and SECTOR JD Gyms Consumer Services

SECTOR INDUSTRY Consumer Services General Retailers INDUSTRY General Retailers

1996

Year of JD’s stock market flotation 21.5m+

customers worldwide

JUST EAT PLC

Just Eat plc operates a leading global marketplace for online food delivery. Just Eat has built its business in having the widest choice available on its platform – with over 100 different cuisines available to order via our app and website – from great local restaurants, imaginative pop-ups, traditional comfort food to renowned international branded chains – and ensuring that exciting variety of choice continues to be reflected will drive customer loyalty. As well as opening the door to unprecedented choice, we are also creating a community that champions customers, restaurants and the vibrant takeaway sector. We provide an unrivalled digital platform and tools to help independent restaurants move online and reach a significantly broader customer base.

49 50 CONSUMER SERVICES

MORRISON (WM) SUPERMARKETS PLC

Headquartered in since 1899, is a British food retailer kingfisher.com with more than 100,000 colleagues in 493 stores serving over 11 million customers every week. Morrisons is British farming’s biggest supermarket morrisons.com BRANDS customer. Foodmakers and shopkeepers at heart, Morrisons has over B&Q, Castorama, Brico 9,000 trained butchers, bakers, fishmongers, cheese mongers and other BRANDS Depo, Screwfix and Koctas skilled in-store specialists making food in-store. Morrisons also has its Morrisons Makes It, own manufacturing sites making meat, fruit & veg, fish, bakery and fresh SECTOR The Best, Savers, Eat Consumer Services food products – 18 in all – and is unique in preparing and making more Smart, Flowerworld, than half of the fresh food it sells. Nutmeg, Free From, INDUSTRY Safeway and Market Street General Retailers SECTOR Consumer Services

INDUSTRY Food & Drug 1,211 Retailers

stores across 10 countries and nearly 6 million customers every week

More than half of the fresh food Morrisons sells is made by its own foodmakers in its stores and manufacturing sites

KINGFISHER PLC

Kingfisher plc is one of the largest home-improvement retail groups. The company operates more than 1,000 stores across Europe and Asia and retails brands such as B&Q, Screwfix, Castorama, Brico Depot, and Koctas.

51 52 CONSUMER SERVICES

NEXT PLC

Next plc is a UK based multi-channel retailer offering , footwear, accessories and home products. The NEXT retail chain was launched in next.co.uk 1982 and now trades from more than 500 stores in the UK and around nextplc.co.uk 200 mainly franchised stores in 40 countries overseas. The NEXT Directory BRANDS mail order book was launched in 1988, with online shopping following ocadogroup.com Next in 1999. NEXT Online now has over 4.7 million active customers and international websites serving approximately 70 countries. SECTOR SECTOR Consumer Services Consumer Services INDUSTRY INDUSTRY Food & General Retailers Drug Retailer 2010

Ocado lists on London Stock Exchange

OCADO GROUP PLC

Ocado was established in the UK over 18 years ago and listed on the London Stock Exchange in July 2010. Ocado is the world’s largest pure play online grocery retailer with over 720,000 active customers shopping with them today. Ocado’s objective is to provide their customers with the best shopping experience in terms of service, range and price, which in turn translates to growing sales and winning market share. To achieve this, the company has developed a unique end-to-end operating solution for online grocery, based on proprietary 700+ technology and IP. This model facilitates sustainable and profitable growth for both Ocado and its Solutions partners. As consumer expectations and shopping habits continue to evolve with the pace of technological adoption, online shopping is forecast to be the fastest stores around the world growing channel in most markets. The global grocery market in still in the relatively early stages of this shift online, and Ocado is well positioned and Next Online serving to take advantage of this long-term structural change for the benefit over 4.7 million customers of their customers, partners and shareholders. Looking forward, the company also has the opportunity to explore applications of its unique technology beyond grocery.

53 54 CONSUMER SERVICES

RELX PLC

RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group .com pearson.com serves customers in more than 180 countries and has offices in about 40 countries. It employs about 30,000 people of whom almost half are BRANDS PRODUCTS in North America. RELX PLC is a London listed holding company which Elsevier, LexisNexis, & SERVICES owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding LexisNexis Risk Solutions, Products and services Reed Exhibitions, The for teaching, institutions, company which owns 47.1% of RELX Group. The Group operates across Lancet, Cell, ScienceDirect, assessment and four market segments: Science, Technical & Medical; Risk & Business Scopus, SciVal, ClinicalKey, qualifications Analytics; Legal; and Exhibitions. Lexis Advance, Accuity, ICIS, FlightGlobal, World SECTOR Travel Market, MIPIM and Consumer Services New York Comic Con

INDUSTRY SECTOR Media Consumer Services INDUSTRY Media 75m+

people each year are helped by Pearson to embrace their passion and ambition for learning new skills

PEARSON PLC

Pearson is engaged as a learning company. Pearson provides content, assessment and digital services to schools, colleges and universities, 89% as well as professional and vocational education to learners to help increase their skills and employability prospects. Pearson’s content includes: Bug Club, a school phonics reading programme for children; and enVisionMATH2:0, a maths curriculum. Pearson’s assessment of revenues generated includes its U.K. qualifications, which is an awarding body, offering both academic and vocational qualifications. Pearson’s services include its from electronic or face- online programme management, which partner with colleges and to-face formats in 2017 universities to extend the reach of their degree programmes by scaling online.

55 56 CONSUMER SERVICES

RIGHTMOVE PLC

Rightmove are the UK’s largest property portal. Their aim is to empower the UK’s decisions around property. The Rightmove business strategy is rightmove.co.uk j-sainsbury.co.uk to focus on organic growth within the UK property advertising market SECTOR through serving property advertisers seeking to reach the largest BRANDS Consumer Services audience of UK home movers. Rightmove.co.uk was started in 2000 Sainsbury’s supermarkets, by the top four corporate estate agencies at the time: Countrywide, , Tu clothing, INDUSTRY Sainsbury’s Home, Connells, and Royal and Sun Alliance. Sainsbury’s Bank Media and Habitat

SECTOR Consumer Services

INDUSTRY Food & Drug Retailers

Rightmove plc floated on the London Stock Exchange on 15 March 2006 1869

First Sainsbury’s supermarket opened

SAINSBURY (J) PLC

Sainsbury (J) plc operates Sainsbury supermarkets in the United Kingdom. It also operates convenience stores, an Internet-based home delivery service, and Sainsbury Bank.

57 58 CONSUMER SERVICES

TUI AG

TUI creates unforgettable moments for customers across the world and make their dreams come true. TUI is the world’s leading tourism tesco.com tuigroup.com group. A key feature of their corporate culture is their global BRANDS responsibility for economic, environmental and social sustainability. BRANDS Tesco, Tesco Finest, F&F, This is reflected in more than 20 years of commitment to sustainable TUI, RIU, Robinson, Tesco Extra, Tesco Express, tourism. They are mindful of the importance of travel and tourism Blue Diamond, TUI BLUE, tesco.com, Tesco Bank and for many countries in the world and people living there. They partner TUI MAGIC LIFE, TUI dunnhumby with these countries and help shape their future – in a committed Sensatori, TUI Sensimar, TUI Family Life, TUI SECTOR and sustainable manner. Cruises, Hapag-Lloyd Consumer Services Cruises, Marella Cruises and Sunwing INDUSTRY SECTOR Food & Consumer Services Drug Retailers INDUSTRY Travel & Leisure

1924

The Tesco name first appeared in 1924, after Jack Cohen, its founder, purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname

TESCO PLC “ It covers the entire tourism value chain Tesco PLC operates retail stores across the UK, , Central Europe under one roof” and Asia, as well as providing financial services through Tesco Bank. Its products include groceries, clothing and general merchandise.

59 60 CONSUMER SERVICES

WHITBREAD PLC

Whitbread plc operates hotels and restaurants. The Company provides whitbread.co.uk services in relation to accommodation and food. wpp.com BRANDS BRANDS Premier Inn, Hub by Premier Inn, Ogilvy, J. Walter Beefeater, Brewers Fayre Thompson, Grey, and Bar + Block Y&R, GroupM, MediaCom, Mindshare, Wavemaker, SECTOR Essence, Xaxis, Kantar, Burson Cohn & Wolfe, Consumer Services H+K Strategies, Superunion, Landor, INDUSTRY Fitch, Wunderman, Travel & Leisure AKQA, VML and WPP Health & Wellness

SECTOR Consumer Services

INDUSTRY Media

The UK’s leading hotel operator

“ WPP brings together brilliant people to build better futures for our clients”

WPP PLC

WPP is the world’s largest communications services group. Through its operating companies, the Group provides a comprehensive range of advertising and marketing services including advertising & media investment management; data investment management; public relations & public affairs; branding & identity; healthcare communications; digital, eCommerce and shopper marketing; and specialist communications. The company employs over 200,000 people (including associates and investments) in over 3,000 offices across 112 countries.

61 62 FINANCIALS

The Financials sector includes several types of industries, serving both retail and institutional customers. This sector includes the following sub-sectors: Banks, Insurance, Real Estate, and Financial Services.

63 64 FINANCIALS

3I GROUP PLC

3i Group plc is a leading international investment manager focused on mid-market private equity and infrastructure. Its core markets are Northern Europe and North America. admiralgroup.co.uk

3i.com BRANDS Admiral, Confused.com, BRANDS Compare.com, LeLynx, 3i, Action, Audley Travel, Elephant and L’olivier Basic-Fit, Q Holding, Scandlines and Schlemmer SECTOR Financials SECTOR Financials INDUSTRY Insurance INDUSTRY Speciality Finance 5.73m+

Admiral Group customers worldwide

Leading international investment manager focused on mid-market PLC private equity and infrastructure Admiral Group plc is a property and casualty insurance company. It is engaged in the selling and administration of private motor insurance and related products. The company also operates price comparison websites.

65 66 FINANCIALS

BARCLAYS PLC

With over 325 years of history and expertise, Barclays is a transatlantic .com “Using technology and our consumer and wholesale bank with global reach. Offering products barclays.com and services across personal, corporate and investment banking, credit BRANDS expertise we try to prevent cards and wealth management. It has a strong presence in the UK and BRANDS Aviva Life, Aviva Insurance bad things from happening US, its two home markets. Barclays and Barclaycard and Aviva Investors SECTOR SECTOR to our customers in the Financials Financials first place” INDUSTRY INDUSTRY Banks Insurance

“By creating opportunities for people to rise, we recognise that Barclays rises too”

AVIVA PLC

Aviva plc is a leading provider of insurance, savings, and asset management products and services. The company offers life, health, and general insurance along with savings products.

67 68 FINANCIALS

BRITISH LAND COMPANY PLC

British Land Co plc is a real estate investment trust that owns, manages, and develops a portfolio of properties across the United Kingdom. The firm categories its portfolio into three types: Offices, hl.co.uk britishland.com Retail and Canada Water. BRANDS BRANDS Broadgate, Regent’s Place, Paddington Central, SECTOR Canada Water Masterplan Financials and Clarges Mayfair INDUSTRY SECTOR Financials Asset Management INDUSTRY Real Estate Investment Trusts

“ The UK’s No.1 investment platform for private investors”

A Leading UK commercial HARGREAVES LANSDOWN PLC property company for retail Hargreaves Lansdown plc is engaged in providing financial service and office spaces & asset management services. It offers investment products & services, financial planning & advice to private investors & advisory services to companies in respect of group pension schemes.

69 70 FINANCIALS

HSBC HOLDINGS PLC

HSBC Holdings is a banking and financial services holding company. Through its subsidiaries, HSBC provides banking and related financial .com .co.uk services. HSBC’s four global businesses are Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and BRANDS SECTOR Global Private Banking. Services are primarily delivered by domestic HSBC Financials banks, typically with local deposit bases. SECTOR INDUSTRY Financials

Insurance INDUSTRY Banks

“When the unexpected happens, expect the best” 1865

HSBC was established in 1865 to finance trade between Europe and Asia

HISCOX PLC

Hiscox offers tailored insurance solutions to help individuals across all areas of your life, from business to home. With over 100 years of industry experience and the expertise of their brokers, they have fine-tuned their insurance products to provide the essential cover when things don’t go exactly to plan. For businesses, their specialised covers include public liability and professional indemnity cover to ensure the smooth running of operations. They’ll also protect individuals at home, with home insurance that protects their house and its contents in the case of damage or theft. For brokers looking to create more bespoke covers, their underwriters work closely with insurance brokers across the UK to ensure the best possible level of cover for their clients.

71 72 FINANCIALS

LAND SECURITIES GROUP PLC

Land Securities Group plc operates as a real estate investment trust. It owns, develops and manages offices, shopping centres and retail parks in the UK through two business divisions, namely the Retail Portfolio and the London Portfolio. legalandgeneralgroup.com landsecurities.co.uk BRANDS REAL ESTATE Legal & General PROJECTS Piccadilly Circus Lights, SECTOR Nova SW1, the Centre, Financials One New Change, 123 Victoria Street, Moorgate INDUSTRY Hall, Westminster City Hall, Zig Zag Building Insurance and Dominion Theatre

SECTOR Financials

INDUSTRY Real Estate Investment Trusts

UK’s largest provider of individual life insurance products “We believe great places are for people to experience and made LEGAL & GENERAL GROUP PLC with the experience Legal & General Group plc sells insurance products and other financial of great people” services. It provides savings, risk and investment management services such as annuities, long-term savings, life assurance and financial protection products.

73 74 FINANCIALS

LONDON STOCK EXCHANGE GROUP PLC

London Stock Exchange Group plc is a diversified global financial markets lseg.com infrastructure business that operates with an Open Access model. The Company is organised into operating units based on its service lines BRANDS and has six segments: Capital Markets, Post Trade Services-CC&G and London Stock Exchange, lloydsbankinggroup.com Monte Titoli, Post Trade Services-LCH, Information Services, Technology FTSE Russell, Turquoise, Borsa Italiana, LCH, CC&G, BRANDS Services and others. Its business activities fall into three interconnected MillenniumIT and Monte Lloyds Bank, Halifax, categories: Capital Formation, Risk and Balance Sheet Management, Titoli Bank of Scotland, and Intellectual Property. It provides services for corporate and other SECTOR Scottish Widows, Colleys issuers, investors and trading firms in the value chain for cash equities, and fixed income, derivatives and other financial products. The Company Financials SECTOR offers post-trade services, providing risk and balance sheet management INDUSTRY Financials solutions. It provides a range of information and data products, including Investment indexes and benchmarks, real-time pricing data, product identification, INDUSTRY Services reporting and reconciliation services. Banks

“ We are a financial services group with millions of UK customers with a presence in nearly every community”

LLOYDS BANKING GROUP PLC One of the leading global plc provides a wide range of banking and financial financial centres services. Its core business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision.

75 76 FINANCIALS

PHOENIX GROUP HOLDINGS PLC

Phoenix Group is the largest specialist consolidator of heritage life assurance funds in Europe. Their main focus is on closed life fund prudential.co.uk consolidation where they specialise in the acquisition and management of closed life insurance and pension funds. Alongside this, they have thephoenixgroup.com BRANDS an open business which manufactures and underwrites new products Prudential, Jackson BRANDS and policies to support people saving for their future in areas such National Life and M&G Investments Phoenix Life Limited, as workplace pensions and SIPPs. This open business is underpinned Phoenix Life Assurance by a strategic partnership with plc following SECTOR Limited, Phoenix Life their acquisition of Standard Life Assurance Limited in 2018. Limited for Irish Branch Financials (Phoenix Ireland), SunLife, Phoenix Wealth, INDUSTRY and Standard Life Insurance Assurance Limited

SECTOR Financials

INDUSTRY Insurance 1848

Prudential was founded in London in 1848 on the principles of integrity, security and prudence

“ Phoenix’s vision is to be Europe’s Leading Life Consolidator”

PRUDENTIAL PLC

Prudential plc is an international financial services group that offers long-term savings and protection products, retirement income solutions and asset management across markets in Asia, the US, the UK and Africa.

77 78 FINANCIALS

RSA INSURANCE GROUP PLC

RSA Insurance Group plc is a property and casualty insurance company providing offerings across the globe. It provides personal, rbs.com commercial and specialty insurance products and services. rsagroup.com BRANDS NatWest, Royal Bank BRANDS of Scotland, Ulster Bank, RSA and More Than Coutts, Adam & Co., Child & Co., Drummonds, Holt’s SECTOR Military Banking, Isle of Man Bank, Lombard and Financials RBS International INDUSTRY SECTOR Insurance Financials

INDUSTRY Banks

“ We support our customers to access international markets in Europe, Asia and the U.S.”

“ With over 300 years’ ROYAL BANK OF SCOTLAND PLC experience, we’ve learnt a thing or two about risk RBS is a UK-based banking and financial services company, and uncertainty and headquartered in Edinburgh. RBS provides a wide range of products and services to personal, commercial and large corporate and institutional the value of insurance customers through its two main subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well-known brands to our customers” including Ulster Bank and Coutts.

79 80 FINANCIALS

SCHRODERS PLC SINCE Scottish plc is an asset management company providing asset Mortgage Investment schroders.com management, investment, private equity and venture capital services.

1909 Trust PLC The Company has three business segments namely asset management BRANDS and wealth management and the group segment. Schroders bailliegifford.com

SECTOR BRANDS Financials Scottish Mortgage Investment Trust and INDUSTRY Baillie Asset SECTOR Management Financials

INDUSTRY Equity Investment Instruments 1909

Based in Edinburgh, the Company was incorporated in March 1909 for the purpose of lending money to owners of rubber plantations in Ceylon

SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Scottish Mortgage is an actively managed, low cost investment trust, investing in a high conviction, global portfolio of companies with the aim of maximising its total return to its shareholders over the long term. The Managers look for strong businesses with above-average returns and aim to achieve a greater return than the FTSE All-World Index (in sterling terms) over a five year rolling period. The majority of the portfolio will be held in quoted equities with good liquidity and up to a maximum of 25% of the assets may be invested in companies not listed on a public market. The Managers are first and foremost stock pickers, selecting investments “ We are a global business based on the individual companies’ fundamental characteristics. that’s managed locally” They take a long term approach as they believe that it is only over periods of five years or longer that durable competitive advantages and managerial excellence within companies become apparent.

81 82 FINANCIALS

STANDARD CHARTERED PLC

Standard Chartered plc provides trade finance banking services. .com It primarily serves the markets in Asia, Africa, and the Middle East. The bank offers transaction banking, corporate finance, and retail sc.com BRANDS banking across the world. Segro BRANDS Standard Chartered SECTOR Financials SECTOR Financials INDUSTRY Real Estate INDUSTRY Investment Trusts Banks

A leading developer of big-box and urban warehousing “ As a leading international bank, we strive to help SEGRO PLC people and businesses prosper across Asia, Africa Segro plc is a real estate investment trust. The Company and the Middle East” acquires, develops, manages and sells flexible business space throughout Europe.

83 84 FINANCIALS

STANDARD LIFE ABERDEEN PLC

Standard Life Aberdeen plc is a leading global investment company. standardlifeaberdeen.com Their purpose is to invest for a better future. Their expertise and resource enable them to offer a wide range of investment solutions BRANDS and services designed to meet their clients’ needs today, tomorrow sjpc.co.uk Standard Life Aberdeen, and for the longer term. The Standard Life Aberdeen group was Aberdeen Standard Investments, Standard Life formed by the merger of Standard Life plc and Aberdeen Asset BRANDS and 1825 Management PLC on 14 August 2017. St James’s Place

SECTOR SECTOR Financials Financials

INDUSTRY INDUSTRY Asset Insurance Management

2007

The Standard Life Aberdeen “ We’re a wealth group was formed by the management business merger of Standard Life that puts long-term plc and Aberdeen Asset relationships and trusted Management PLC in 2017 face-to-face financial advice at the centre of everything we do”

ST JAMES’S PLACE PLC

St James’s Place plc provides investment and wealth management services to individuals, trustees, and businesses. It also provides life insurance products and offers trustee services.

85 86 HEALTHCARE

The Healthcare sector comprises companies that provide medical services, manufacture medical equipment or drugs, or facilitate the provision of healthcare. This sector includes the following sub-sectors: Health Care Equipment & Services (Health Care Providers, Medical Equipment, Medical Supplies), and Pharmaceuticals & Biotechnology.

87 88 HEALTHCARE

ASTRAZENECA PLC

AstraZeneca is a prescription-based biopharmaceutical group based in the UK. The company discovers, develops and commercialises .com prescription medicines for three main therapy areas: oncology; gsk.com AREAS OF cardiovascular and metabolic disease; and respiratory. AstraZeneca is also selectively pursuing therapies in autoimmunity, infection OPERATION BRANDS and neuroscience. The company maintains a range of products which Cardiovascular, renal & Voltaren, Panadol, metabolism, oncology, includes: Arimidex (for breast cancer), Crestor (for managing cholesterol Sensodyne, Aquafresh, respiratory, inflammation levels), Nexium (for acid reflux), Seroquel (for schizophrenia and bipolar Nicorette and Zovirax & autoimmunity, disorder), Synagis (for RSV, a respiratory infection in infants) and neuroscience, infection AREAS OF and vaccines Symbicort (for asthma and chronic obstructive pulmonary disease). OPERATION AstraZeneca is active in over 100 countries. SECTOR Prescription medicines, vaccines and consumer Healthcare healthcare products INDUSTRY SECTOR Pharmaceuticals Healthcare

INDUSTRY Pharmaceuticals & Biotechnology

1.9bn+

packs of medicine sold worldwide in 2017

“ We are a global, science- led biopharmaceutical GLAXOSMITHKLINE PLC business and our GlaxoSmithKline is a research-based pharmaceutical and healthcare innovative medicines company based in the UK. The Company is engaged in the development, manufacture and marketing of pharmaceutical and consumer health- are used by millions related products. Its principal pharmaceutical products include of patients worldwide” medicines in the following therapeutic areas: respiratory, central nervous system, anti-virals, anti-bacterials, metabolic, vaccines, cardiovascular and urogenital, oncology and emesis.

89 90 HEALTHCARE

NMC HEALTH PLC

NMC Health plc and its subsidiaries are engaged in providing nmchealth.com hikma.com professional medical services, wholesale of pharmaceutical goods, medical equipment, cosmetics, food and IT products and services BRANDS PRODUCTS in the United Arab Emirates, Spain and others. NMC Health Actos, Amoclan, Blopress, Omnicef, SECTOR Prograf and Suprax Healthcare SECTOR Financials INDUSTRY Health Care INDUSTRY Equipment & Pharmaceuticals Services & Biotechnology

“ We provide generic medicines across the world”

HIKMA PHARMACEUTICALS PLC HIKMA creates high-quality, affordable generic medicines, “ NMC Healthcare is the and make them accessible to people who need them. They have a broad product range and a growing pipeline of new medicines largest private healthcare for treating a wide range of diseases. Therapeutic categories include anti-infectives, cardiovascular, central nervous system, company in the UAE” diabetes, oncology, pain management and respiratory.

91 92 SMITHCOMPANY_NAME & NEPHEW PLC

SmithBody_copy & Nephew designs, manufactures, and markets orthopaedic smith-nephew.com devices and wound care solutions. Its products include: knee replacements, hip implants, nails, fixation devices, arthroscopy tools and others. AREASwebsite OF FOCUS Advanced wound Global Equity Segment management,BRANDS orthopaedic reconstruction, robotics- assistance,Brand_names sports medicine, SECTOR and trauma and T Picture_captions extremitiesSector_name

SECTORINDUSTRY Trading global equities on the world’s most international exchange HealthcareIndustry_name

INDUSTRY Equipment What is the Global Equity Segment? US names available on GES include*: & Services The Global Equity Segment (GES) is the – Alphabet – Exxon latest innovation from London Stock Exchange. – Amazon – General Motors AT A GLANCE With GES, investors are able to trade global – Apple – Johnson & Johnson securities, initially certain US blue chips and MARKET SEGMENT – Coca-cola – Paypal Market_segment US-listed Asian ADRs during London hours. – Chevron – Pfizer TRADING SERVICE Trading_service What are the benefits of using the Chinese names available on GES include*: ADMISSION TO TRADING Global Equity Segment? Admission_date – Alibaba – JD.com – Trade global equities on the world’s most ISIN – Baidu – Petrochina ISIN_code international exchange – Ctrip – Sina BLOOMBERG – Trade during a convenient time zone Bloomberg_code – Trade in USD – CNOOC – Tencent Music – No stamp duty – Futu – Up Fintech Reuters_code 100+ MARKET CAP (IN MILLIONS)* Market_cap COUNTRIES OF OPERATION Smith & Nephew is a 000 leading000 portfolio medical NO. OF EMPLOYEES 000 technology company, REVENUES FROM operating in around INTERNATIONAL MARKETS figure_description London 00% 100 countries globally

TRADING DATA Investors can now trade some of the largest US-listed companies via London Stock Exchange during London trading hours AVERAGE DAILY VALUE TRADED To find out more, contact 000 London Stock Exchange team 000 Telephone +44 (0) 20 7382 7650 AVERAGE DAILY NO. OF TRADES [email protected] 000 www.lseg.com/globalequitysegment figure_description * Full list available at www.lseg.com/globalequitysegment

93 INDUSTRIALS

The Industrials sector includes companies producing goods & services used in construction and manufacturing. This sector includes the following sub-sectors: Construction & Materials and Industrial Goods & Services (Aerospace & Defense, General Industrials, Electronic & Electrical Equipment, Industrial Engineering, Industrial Transportation, and Support Services).

95 96 INDUSTRIALS

ASHTEAD GROUP PLC

Ashtead Group provides equipment rental solutions. It operates two business units Sunbelt and A-Plant and offers industrial and construction equipment for rent used to lift, power, generate, move, dig, compact, baesystems.com ashtead-group.com drill, support, scrub, and pump. AREAS OF BRANDS OPERATION Ashtead Group Future technologies, air, land, cyber security SECTOR & intelligence, and Industrials electronics & sea

INDUSTRY SECTOR Consulting Industrials & Outsourcing INDUSTRY Aerospace & Defense

Leading international defence, aerospace and security in the world

BAE SYSTEMS PLC

BAE Systems engages in the design, development, manufacture, and support of defense and aerospace systems used in the air, on The largest equipment land, at sea, and in space. It provides solutions in the following areas: rental company in the UK future technologies (military, aerospace and security capabilities), combat & trainer aircraft, cybersecurity, combat vehicles, munitions, commercial and military electronics markets.

97 98 INDUSTRIALS

CRH PLC

CRH is the second largest building materials company worldwide and the largest in North America. The Group has leadership positions in Europe, where it is the largest heavyside materials business, as well as established strategic positions in the emerging economic regions .com crh.com of Asia and South America. CRH is committed to improving the built environment through the delivery of superior materials and products AREAS OF AREAS OF OPERATION for the construction and maintenance of infrastructure, housing and OPERATION Food service, grocery, commercial projects. A Fortune 500 company, CRH is a constituent CRH cleaning and hygiene, member of the FTSE 100 index, the EURO STOXX 50 index, the ISEQ 20 safety, retail and and the Dow Jones Sustainability Index (DJSI) Europe. CRH’s American SECTOR healthcare Depositary Shares are listed on the (NYSE). Industrials SECTOR INDUSTRY Industrials Building Materials INDUSTRY Retail

CRH is the second largest building materials company worldwide and the largest in North America 5

Bunzl operations span across all 5 continents

BUNZL PLC

Bunzl functions in the food distribution industry. Its activities include outsourcing, purchasing, consolidation and distribution of a broad range of everyday items. It provides equipment for the following areas: food service, grocery, cleaning and hygiene, safety, retail and healthcare.

99 100 INDUSTRIALS

DCC PLC

DCC is a leading international sales, marketing and support services group with a clear focus on performance and growth headquartered dcc.ie in . It operates through four divisions: LPG, Retail & Oil, Healthcare experianplc.com and Technology. DCC is an ambitious and entrepreneurial business AREAS OF OPERATION operating in 15 countries, supplying products and services used by BRANDS DCC LPG, DCC Retail & Oil, millions of people every day throughout Europe. IdentityWorks (US), DCC Technology and DCC CreditWorks (US), Healthcare LendingWorks (US), CreditMatcher (UK), SECTOR CreditExpert (UK) Industrials and Serasa (Brazil) SECTOR INDUSTRY Refining Industrials INDUSTRY Business Services

“ The world’s leading global information services company”

EXPERIAN PLC

Experian is the world’s leading global information services company, providing data and analytical tools to individuals and businesses around the world. At life’s big moments – from buying a home or car, to sending “DCC is a leading a child to college, to growing a business exponentially by connecting international sales, itwith new customers – Experian empowers consumers and corporate clients to manage their data with confidence so they can maximize marketing and support every opportunity. Experian uses innovative technologies to gather services group with a and analyze data to benefit businesses and consumers in ways others can’t. The Group helps individuals to take control of their credit score clear focus on performance and access financial services. It helps businesses to make smarter and growth” decisions through data analysis, lenders to lend more responsibly based on detailed credit information, and organisations to prevent identity fraud and crime.

101 102 INDUSTRIALS

HALMA PLC

Halma plc is engaged in developing, making and marketing products fergusonplc.com that are used to protect lives, or improve the quality of life, for individuals halma.com and businesses. Areas of operation include; process safety sector: AREAS OF gas detection, safety interlocks, pressure relief, pipeline management); AREAS OF OPERATION infrastructure safety sector (fire detection, fire suppression, elevator OPERATION Plumbing and heating safety, people & vehicle flow, security sensors); medical sector Process safety sector, distribution infrastructure safety (ophtalmology, diagnostics, sensors); environmental & analysis sector, medical sector, SECTOR sector (spectroscopy & photonics); water analysis & treatment, environmental & analysis Industrials environmental monitoring). sector and water analysis

INDUSTRY SECTOR Industrial Industrials Distribution INDUSTRY Consulting & Outsourcing

“ Growing a safer, cleaner, healthier future for everyone, every day”

World’s leading specialist distributor of plumbing and heating products

FERGUSON PLC

Ferguson is the world’s leading specialist distributor of plumbing and heating products. It distributes plumbing, building, and other supplies to the professional trade sectors. The company sells products for property re-modelling and new construction. It owns and operates business to business chains such as Ferguson.

103 104 INDUSTRIALS

INTERTEK GROUP PLC

Intertek Group provides quality and safety solutions. As a Total Quality Assurance provider to industries worldwide, it helps customers .com to improve performance, gain efficiencies in manufacturing and logistics, intertek.com overcome market constraints, and reduce risk. PRODUCTS AREAS OF Aerospace OPERATION Equipment, Defence Assurance, testing, Systems and Sensing inspection and Systems certification SECTOR SECTOR Industrials Industrials INDUSTRY INDUSTRY Industrial Business Services Engineering

80%+

of military fighter programmes have Meggitt’s 1,000+ wheel and brake systems

laboratories worldwide MEGGITT PLC to provide Total Quality From the first altimeter to next-generation turbofan architecture for the aircraft of tomorrow, Meggitt and all the companies in their DNA Assurance have been solving some of the world’s toughest engineering problems for more than 160 years.

105 106 INDUSTRIALS

RENTOKIL INITIAL PLC

Rentokil Initial is engaged in providing route-based services, which protect people and enhance lives. Its services include pest control, hygiene, workwear and other smaller specialist services including plants, medical services and specialist hygiene. The company is rentokil-initial.com an expert in pest control, interior landscaping, property care and melroseplc.net AREAS OF specialist medical and hygiene services. OPERATION BRANDS Pest control, hygiene, GKN Aerospace, internal landscaping, GKN Driveline, property care and GKN ePowertrain. operational expertise GKN Powder Metallurgy, Global HVAC, Ergotron, SECTOR Brush, GKN Off-Highway Powertrain and GKN Industrials Wheels & Structures INDUSTRY SECTOR Business Services Industrials

INDUSTRY Construction & Materials

Melrose buys good manufacturing businesses with strong fundamentals whose performance can be improved

MELROSE INDUSTRIES PLC

Melrose buys good manufacturing businesses with strong fundamentals World leader commercial whose performance can be improved. Melrose finances its acquisitions pest control, hygiene, using a low level of leverage, improves the businesses by a mixture of significant investment and changed management focus, sells them plants & scenting services and returns the proceeds to shareholders.

107 108 INDUSTRIALS

ROLLS-ROYCE HOLDINGS PLC

Rolls-Royce Holdings is a pre-eminent engineering company. The group is organised into five customer-facing businesses: Civil rolls-royce.com Aerospace, Defence Aerospace, Power Systems, Marine and Nuclear. dssmith.com AREAS OF OPERATION AREAS OF Civil aerospace, power OPERATION systems, defence Packaging, recycling, aerospace, nuclear paper and plastics and marine SECTOR SECTOR Industrials Industrials INDUSTRY INDUSTRY Packaging Aerospace & Containers & Defense

Rolls-Royce pioneers cutting edge technology to deliver the cleanest, safest and most competitive solutions

“ As packaging strategists we consider a longer term strategy to create a more efficient packaging ecosystem”

SMITH (DS) PLC

DS Smith is a leading provider of corrugated and specialist plastic Packaging. Their vision is to be the leading supplier of sustainable packaging solutions.

109 110 INDUSTRIALS

SMURFIT KAPPA GROUP PLC

Smurfit Kappa Group is a world leader in the manufacture of paper- based packaging products. Its suite of products include containerboard, smurfitkappa.com smiths.com corrugated containers and other paper-based packaging products such as solidboard, graphicboard and bag-in-box. AREAS OF OPERATION BRANDS Packaging, standard John Crane, Smiths industrials, food & Medical, Smiths Detection, beverages, e-commerce, Smiths Interconnect and paper bags and points Flex-Tek of sale display

AREAS OF SECTOR OPERATION Medical technology, Industrials security & defence, space INDUSTRY & aerospace, general industrials and oil & gas Packaging & Containers SECTOR Industrials

INDUSTRY Industrial Products Smiths’ Thermopad innovation was a key component of NASA’s communication system for its Mars discovery mission

SMITHS GROUP PLC

Smiths Group is a technology company. It is engaged in the development, manufacturing, selling and support of detection technologies, engineered products and services, medical devices World leader in paper-based and electronic components. It provides products and services for: the threat and contraband detection, medical devices, energy, packaging communications and engineered components markets worldwide.

111 112 INDUSTRIALS

SPIRAX-SARCO ENGINEERING PLC

As a leading provider of steam system solutions, Spirax-Sarco are spiraxsarco.com committed to helping customers improve their plant performance, comply with legislation, meet environmental goals and stay ahead BRANDS of their competitors. From designing, installing and commissioning Watson-Marlow new facilities, optimising and upgrading existing steam systems, to maintaining plant performance through scheduled maintenance, SECTOR Spirax-Sarco have got the expertise, resources, products and services Industrials to help their customers achieve profitable growth. INDUSTRY Industrial Engineering

“ A global presence with a local focus“

113 114 OIL & GAS

Oil & Gas sector comprises companies involved in the exploration, extraction, refining, transportation and marketing of petroleum and gas products. This sector includes the following sub-sectors: Oil & Gas Producers, Oil Equipment Services & Distribution, and Alternative Energy.

115 116 OIL & GAS

BP PLC

BP is an integrated oil and gas group based in the UK. The Company is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. The Company operates globally, shell.com with business activities in Europe, the US, Canada, Russia, South .com America, Australasia, Asia and parts of Africa. BP operates in two BRANDS BRANDS business segments: Exploration and Production – including oil and Shell BP natural gas exploration, development and production; and Refining and Marketing – where activities include the refining, manufacturing, SECTOR SECTOR supply, trading, marketing and transportation of crude oil, petroleum Oil & Gas Oil & Gas and petrochemicals. INDUSTRY INDUSTRY Oil & Gas Oil & Gas

“ We power progress together with more and cleaner energy solutions”

2m+ PLC Shell is an international energy company with expertise in the exploration, development, production, refining and marketing of oil barrels of oil are refined and natural gas, as well as in the manufacturing and marketing of per day chemicals. It is one of the world’s largest independent energy companies in terms of market capitalisation, cash flow from operating activities, and production levels.

117 118 TECHNOLOGY

Technology sector includes companies involved in the research, development and/or distribution of technologically based goods and services. The sector includes the following sub-sectors: Software & Computer Services, and Technology Hardware & Equipment.

119 120 TECHNOLOGY

AVEVA GROUP PLC

AVEVA is a global leader in engineering and industrial software. Their expertise and innovation have put them at the heart of the world’s aveva.com most ambitious projects, biggest companies, and greatest challenges. sage.com SECTOR With a track record of innovation that exceeds five decades, AVEVA helps Technology their customers speed up processes, improve accuracy and cut waste, BRANDS all while boosting safety and improving sustainability. Sage INDUSTRY SECTOR Software & Technology Computer Services INDUSTRY Application Software

“ In 1998, Sage came to North America with the acquisition of leading desktop accounting “ AVEVA has a long history software, Peachtree” of market leadership in engineering, asset performance, operations PLC management and control Sage Group is a global supplier of accounting and business management software. It serves smaller and medium-sized businesses in the areas of applications.” accounting, enterprise resource planning, payroll, and accountancy related software.

121 122 TELECOMS

The Telecoms sector comprises companies involved in creating and developing infrastructure that allows communication on a global scale. The sector includes the following sub- sectors: Fixed Line Telecommunications and Mobile Telecommunications.

123 124 TELECOMS

BT GROUP PLC

BT Group is a provider of telecommunications networks and services. It sells fixed-voice, broadband, mobile, and TV products and services to consumers in the UK. bt.com .com BRANDS BT, EE, Openreach BRANDS and Plusnet Vodafone

SECTOR SECTOR Telecoms Telecoms

INDUSTRY INDUSTRY Communications Communications Services Services 1985

Vodafone made the first ever mobile call in the UK on 1 January 1985

“Our purpose is as simple as it is ambitious: to use the power of VODAFONE GROUP PLC communications to make a better world” Vodafone Group is one of the largest wireless phone companies in the world. Its main line of business involves the provision of wireless mobile and data services to various parts of the world.

125 126 UTILITIES

Utilities sector includes companies providing utilities such as gas and power. The sector includes the following sub-sectors: Electricity, Gas, Water & Multi-Utilities.

127 128 UTILITIES

CENTRICA PLC

Centrica is an integrated energy company engaged in the generation centrica.com of power through its nuclear and gas-fired power stations. It offers low ngtgroup.com carbon, energy efficient products and services to homes and businesses BRANDS in the UK and North America. ENERGY PRODUCED Scottish Gas, British Gas Electricity and gas and Bord Gáis Energy SECTOR SECTOR Utilities Utilities INDUSTRY INDUSTRY Gas, Water & Gas, Water & Multi-Utilities Multi-Utilities

One of the world’s largest investor-owned energy companies

“ Our purpose is to satisfy the changing needs of our customers in a rapidly evolving energy world” National Grid transmits and distributes electricity and gas. It owns regulated transmission and electricity generation facilities in the UK and US.

129 130 UTILITIES

SSE PLC

SSE plc is one of the UK’s leading energy companies, involved in the generation, distribution and supply of electricity and in the extraction, storage, distribution and supply of gas. Its core purpose is to provide severntrent.com the energy people need in a reliable and sustainable way. It supplies sse.com energy to millions of energy customer accounts throughout Great BRANDS BRANDS Britain and Ireland. It is frequently ranked number one for customer SSE, Scottish & Southern service and is one of the UK’s leading generators of electricity from Electricity Networks SECTOR renewable sources. (SSEN), Airtricity, SWALEC, Utilities Scottish Hydro, INDUSTRY and SSE Enterprise

Gas, Water & SECTOR Multi-Utilities Utilities

INDUSTRY Electricity

“SSE’s purpose is to responsibly provide the energy and related services needed now and in the future”

“Our purpose: To serve our communities and build a lasting water legacy”

SEVERN TRENT PLC

Severn Trent is a water company. They provide their customers with almost 2 billion litres of water every day and remove 2.6 billion litres of waste water through enough pipes to go round the world three-and -a-half times. Their network has the most water pipes of any company in the sector and the largest network of sewers outside of the capital.

131 132 GROUP PLC

United Utilities Group is engaged in utility operations. The company, through its subsidiaries, owns and manages a regulated water and wastewater network. unitedutilities.com

BRANDS United Utilities SECTOR Trading Venue Utilities

INDUSTRY Gas, Water & Multi-Utilities of choice

– With a single connection, members can trade securities of 19 European countries. – Turquoise features a range of electronic order book services that match trade sizes from small to large. – Turquoise Plato™ entered 2019 as the fastest growing and largest European dark pool.*

For more information, contact the Turquoise Team: Switchboard: +44 20 7382 7650 Email: [email protected]

@tradeturquoise “ Our vision is to be Turquoise the best UK water and www.tradeturquoise.com wastewater company, providing great service * Independent analysis published by Rosenblatt Securities Trading Talk to our customers” – Market Structure Analysis, “Let There Be Light: Rosenblatt’s Monthly Dark Liquidity Tracker – European Edition” 24 Jan 2019 by Anish Puaar, Justin Schack, Alex Kemmsies”

133 1 134 INDEX OF COMPANIES

0–9 B C F H ITV PLC p48 itvplc.com 3I GROUP PLC p65 BAE SYSTEMS PLC p98 CARNIVAL PLC p42 p103 HALMA PLC p104 Sector: Consumer Services 3i.com baesystems.com carnivalcorp.com fergusonplc.com halma.com Sector: Financials Sector: Industrials Sector: Consumer Services Sector: Industrials Sector: Industrials J BARCLAYS PLC p68 CENTRICA PLC p129 FLUTTER ENTERTAINMENT HARGREAVES JD SPORTS A barclays.com centrica.com PLC p44 LANSDOWN PLC p70 FASHION PLC p49 Sector: Financials Sector: Utilities flutter.com hl.co.uk ADMIRAL GROUP PLC p66 Sector: Consumer Services Sector: Financials jdplc.com Sector: Consumer Services admiralgroup.co.uk BARRATT COCA-COLA HBC AG p32 Sector: Financials DEVELOPMENTS PLC p28 coca-colahellenic.com FRESNILLO PLC p18 JOHNSON MATTHEY PLC p20 barrattdevelopments.co.uk Sector: Consumer Goods fresnilloplc.com PLC p91 p13 Sector: Consumer Goods Sector: Basic Materials hikma.com matthey.com Sector: Basic Materials angloamerican.com COMPASS GROUP PLC p43 Sector: Healthcare Sector: Basic Materials BERKELEY GROUP compass-group.com JUST EAT PLC p50 HOLDINGS (THE) PLC p29 Sector: Consumer Services G HISCOX PLC p71 ANTOFAGASTA PLC p14 berkeleygroup.co.uk hiscox.co.uk justeatplc.com Sector: Consumer Services antofagasta.co.uk Sector: Consumer Goods CRH PLC p100 GLAXOSMITHKLINE PLC p90 Sector: Financials Sector: Basic Materials crh.com gsk.com BHP BILLITON PLC p15 Sector: Industrials Sector: Healthcare HSBC HOLDINGS PLC p72 ASHTEAD GROUP PLC p97 bhp.com hsbc.com K ashtead-group.com Sector: Basic Materials CRODA INTERNATIONAL GLENCORE PLC p19 Sector: Financials p51 Sector: Industrials PLC p16 glencore.com BP PLC p117 croda.com Sector: Basic Materials kingfisher.com ASSOCIATED BRITISH bp.com Sector: Basic Materials I Sector: Consumer Services FOODS PLC p27 Sector: Oil & Gas abf.co.uk IHG® (INTERCONTINENTAL M N Sector: Consumer Goods BRITISH AMERICAN D HOTELS GROUP PLC) p45 L TOBACCO PLC p30 ihgplc.com MEGGITT PLC p106 NATIONAL GRID PLC p130 ASTRAZENECA PLC p89 bat.com DCC PLC p101 Sector: Consumer Services LAND SECURITIES p73 meggitt.com ngtgroup.com Sector: Consumer Goods GROUP PLC astrazeneca.com dcc.ie Sector: Industrials Sector: Utilities Sector: Healthcare Sector: Industrials IMPERIAL BRANDS PLC p34 landsecurities.co.uk BRITISH LAND imperialbrandsplc.com Sector: Financials NEXT PLC p53 AUTO TRADER COMPANY PLC p69 DIAGEO PLC p33 Sector: Consumer Goods LEGAL & GENERAL PLC p107 next.co.uk GROUP PLC p41 britishland.com diageo.com GROUP PLC p74 melroseplc.net nextplc.co.uk plc.autotrader.co.uk Sector: Financials Sector: Consumer Goods INFORMA PLC p46 legalandgeneralgroup.com Sector: Industrials Sector: Consumer Services Sector: Consumer Services informa.com BT GROUP PLC p125 Sector: Consumer Services Sector: Financials MONDI PLC p21 NMC HEALTH PLC p92 AVEVA GROUP PLC p121 bt.com E mondi.co.uk nmchealth.com Sector: Telecoms INTERNATIONAL LLOYDS BANKING aveva.com GROUP PLC p75 Sector: Basic Materials Sector: Healthcare Sector: Technology EVRAZ PLC p17 CONSOLIDATED BUNZL PLC p99 AIRLINES GROUP SA p47 lloydsbankinggroup.com evraz.com MORRISON (WM) bunzl.com iairgroup.com Sector: Financials AVIVA PLC p67 Sector: Basic Materials SUPERMARKETS PLC p52 Sector: Industrials Sector: Consumer Services O aviva.com LONDON STOCK morrisons.com p102 Sector: Financials EXPERIAN PLC EXCHANGE GROUP PLC p76 Sector: Consumer Services p54 BURBERRY GROUP PLC p31 INTERTEK GROUP PLC p105 PLC experianplc.com lseg.com ocadogroup.com burberryplc.com Sector: Industrials intertek.com Sector: Consumer Goods Sector: Industrials Sector: Financials Sector: Consumer Services

135 136

P ROYAL BANK OF SCOTLAND PLC p79 rbs.com PEARSON PLC p55 Sector: Financials pearson.com Sector: Consumer Services ROYAL DUTCH SHELL PLC p118 PERSIMMON PLC p35 Issuer Services shell.com persimmonhomes.com Sector: Oil & Gas Sector: Consumer Goods RSA INSURANCE PHOENIX GROUP GROUP PLC p80 HOLDINGS PLC p77 SMITHS GROUP PLC p111 TESCO PLC p59 rsagroup.com smiths.com tesco.com thephoenixgroup.com Sector: Financials London Stock Exchange’s Issuer Services is a new Sector: Financials Sector: Industrials Sector: Consumer Services online portal designed to give issuers access to a wide POLYMETAL TUI AG p60 S p112 INTERNATIONAL PLC p27 GROUP PLC tuigroup.com range of products, services and content. This new digital smurfitkappa.com Sector: Consumer Services polymetalinternational.com p122 platform allows issuers to create their own story for SAGE GROUP PLC Sector: Industrials Sector: Basic Materials sage.com the investor community, whilst also accessing all Sector: Technology PRUDENTIAL PLC p78 SPIRAX-SARCO U ENGINEERING PLC p113 London Stock Exchange Group services in one place. prudential.co.uk SAINSBURY (J) PLC p58 Sector: Financials spiraxsarco.com UNILEVER PLC p38 j-sainsbury.co.uk Sector: Industrials unilever.com Sector: Consumer Services Sector: Consumer Goods Through Issuer Services you can: SSE PLC p132 R p81 SCHRODERS PLC sse.com UNITED UTILITIES — edit your company profile schroders.com Sector: Utilities GROUP PLC p133 RECKITT BENCKISER Sector: Financials — access your data GROUP PLC p36 unitedutilities.com rb.com STANDARD Sector: Utilities — discover LSEG services SCOTTISH MORTGAGE p84 Sector: Consumer Goods CHARTERED PLC INVESTMENT TRUST sc.com — find out more about Marketplace companies PLC p82 Sector: Financials V RELX PLC p56 bailliegifford.com — watch inspiring content. relx.com Sector: Financials Sector: Consumer Services STANDARD LIFE VODAFONE GROUP PLC p126 ABERDEEN PLC p85 vodafone.com SEGRO PLC p83 RENTOKIL INITIAL PLC p108 standardlifeaberdeen.com Sector: Telecoms segro.com Sector: Financials Contact us rentokil-initial.com Sector: Financials Sector: Industrials [email protected] ST JAMES’S PLACE PLC p86 W SEVERN TRENT PLC p131 www.lsegissuerservices.com sjpc.co.uk RIGHTMOVE PLC p57 severntrent.com Sector: Financials WHITBREAD PLC p61 rightmove.co.uk Sector: Utilities Sector: Consumer Services whitbread.co.uk Sector: Consumer Services SMITH (DS) PLC p110 T RIO TINTO PLC p23 dssmith.com riotinto.com WPP PLC p62 Sector: Industrials p37 Sector: Basic Materials TAYLOR WIMPEY PLC wpp.com taylorwimpey.co.uk Sector: Consumer Services SMITH & NEPHEW PLC p93 Sector: Consumer Goods ROLLS-ROYCE smith-nephew.com p109 HOLDINGS PLC Sector: Healthcare rolls-royce.com Sector: Industrials

137 138 ABOUT US

LONDON STOCK EXCHANGE GROUP

London Stock Exchange Group (LSEG) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (a European fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies, including SMEs, to access funds for growth and development.

Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $16 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through The Yield Book, Mergent, SEDOL, UnaVista, XTF and RNS.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house and Monte Titoli, a leading European custody and settlement business.

LSEG Technology develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets.

Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.

Further information on London Stock Exchange Group can be found at www.lseg.com. The Group’s is LSE.L

BARCLAYS

With over 325 years of history and expertise, Barclays is a transatlantic consumer and wholesale bank with global reach. Offering products and services across personal, corporate and investment banking, credit cards and wealth management. It has a strong presence in the UK and US, its two home markets.

For further information about Barclays, please visit our website at www.barclays.com

139 LSE editorial board: Marguerite Laferrère Capital Markets Marketing Manager, London Stock Exchange Group

An official publication of London Stock Exchange Group © London Stock Exchange Group September 2019. All rights reserved. 10 Paternoster Square, London EC4M 7LS

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