sign in sign up
<<
Home , Cineworld, ConvaTec

10 The Sunday Times July 28, 2019 BUSINESS

Liam Kelly LETTERS

after a massive stroke left after selling Look After My Send your letters, including Emma describes is, in the services. Old models wedded What bosses read on the beach him with locked-in Bills, their energy switching SIGNALS full name and address, long run, counterproductive to the fixed-cost-of-agent time syndrome. A metaphor for start-up, to the owner of AND NOISE . . . to: The Sunday Times, to advancing the position of are on the way out, among At the end of the hottest July Galloway. “Not actually today’s politics, perhaps. price comparison site 1 Bridge Street, women in the workplace. the more forward-thinking week on record and with the when I was driving,” Allan, Not everyone is feeling GoCompare in a deal that London SE1 9GF. Or email: Professor Richard Harrison, firms at least, as artificial City ready to jet off on 70, hastens to add. “I think I bookish. Mahmud Kamani, values their stakes at £4m. [email protected] University of Edinburgh; intelligence (AI) is making it holiday, Prufrock is diving would be charged for that.” plain-speaking chairman of But they’ve not always been Letters may be edited Professor Claire Leitch, possible to automate many into the suitcases of the great Channel 4’s Alex Mahon fast-fashion retailer Boohoo, so keen on the industry. Lancaster University “commodity level” inquiries and the good to see what was “attempting” Proust’s will be packing light when he A few years ago, Hodson, with a massively positive they’re reading. And there’s 4,000-page Remembrance of heads to the Maldives next now 37, took to TV news Workspace ‘gender BritBox’s old shows are no effect on costs. not a Jilly Cooper in sight. Things Past on her break. month. “What’s my favourite studios to accuse the “big ghettos’ won’t help women threat to the streamers A word of warning, While on holiday driving Debbie Hewitt, chairwoman book?” asks the Mancunian five” price comparison sites Emma Gannon argues for Who is going to pay £5.99 a though. Automation and AI around Ireland last week, of Wagamama-owner The tycoon. “My f***ing phone.” — including GoCompare — of women-only workspaces month for BritBox, a back do not mean that companies John Allan, Tesco chairman Restaurant Group, is off to “systematically hiding the (“In a world designed by catalogue of material mostly can simply sit back and let the and CBI president, dipped in Vence in southern France — best deals and steering men . . .”, last week). more than a year old (“ITV cost savings flow in. It is and out of Max Hastings’s famed for its chapel with Comparison pair people instead towards those Our research into struggles despite Love Island imperative to upskill the level history of the Vietnam War, Matisse stained-glass — and deals that earn them a women’s workplaces and boost”, News, last week)? It of remaining agents to deal as well as The Four, an has packed Philippa Perry’s change their tune kickback”. They should Relative Values: Cassandra entrepreneurial experiences needs to be bang up to date with inquiries that cannot be exploration of the might of The Book You Wish Your Kerching! Entrepreneurs “stop pulling the wool over Stavrou, the founder of suggests that supporting with the latest BBC and ITV automated because they are Apple, Amazon, Facebook Parents Had Read. Henry De Zoete and Will the consumers’ eyes”. Propercorn popcorn, women is both complex and shows if it is to take on Netflix more complex or difficult to and Google by Scott Getting ready to head to Hodson are in the money No mention of that this and her mother, Dania, contradictory. There are and Amazon Prime. Who is answer. The biggest issue for Croatia for the first time is ad week. Happily, an internet a yoga teacher, on circumstances, such as the advising ITV? contact centres is how to tycoon Sir Martin Sorrell, user put videos of Hodson’s overcoming grief and development and delivery of Andrew McHardy, via recruit these “super-agents”. JUST SAYING . . . who will brush up on 1970s FUNNY BUSINESS criticisms on YouTube on the starting a business empire women-only leadership thetimes.co.uk Robots are changing the New York’s near bankruptcy day of the deal to remind us. programmes, where the world, but they can’t do it all. Principles are with Ken Auletta’s The MAGAZINE, P42 creation of a “safe space” Cracking on with Brexit will Graham Ede, director, Streets Were Paved With increases self-confidence and sort out sterling’s ills Neos Wave, Farnborough only principles Gold, and then tackle World Did somebody a willingness to claim The pound always rises and Order by Henry Kissinger for TWITTER POLL leadership positions; but the falls (“Sterling set for new Prefabs are the way forward when they cost some light relief. say a Boris job? creation of women-only slide . . .”, News, last week). for Britain’s house-builders you something Icap founder and former What do you give the man networks to support their Economists have been trying Modular, prefabricated Tory treasurer Michael who hired a doomed chief Yes No entrepreneurial activity can to engineer its fall for decades housing is the future in Spencer has nearly finished executive and oversaw a also run the risk of turning to increase exports. It is Britain; bricks and mortar is reading Andrew Roberts’s company mismanaged to the workspaces into gender uncertainty that is really the the past (“The prefabs are biography of Churchill. “Not point where it needs a big 25% 75% ghettos, reinforcing rather issue — caused by remainers packed and ready . . .” Money, Boris’s,” Spencer, 64, deal to save itself? A than transcending women’s trying to frustrate the Brexit last week). Mortgage lenders clarifies. “But I’m thrilled he government job, apparently. marginalisation and process while pretending not are coming to their senses is prime minister, of course.” As a director of Just Eat, bolstering patriarchy and to. Let’s get on with it. and high-quality homes will Gerard Lyons, the Andrew Griffith hired Peter male dominance. Tracey Henderson, via emerge as a major part of the Unilever boss Alan Jope Brexiteer economist tipped Plumb, who lasted just 16 Overcoming this will not thetimes.co.uk construction industry — but warns that brands such as by some to be the next Bank months as boss. Yesterday, be easy, needing approaches why on earth is it being left Marmite and Pot Noodle of governor, is one day after Griffith, 48, left and initiatives that address Office automation needs for domination by businesses could be sold if they do not looking forward to reading the board, Just Eat confirmed the structural and cultural a human helping hand in Sweden, Germany and ‘contribute meaningfully The Diving Bell and the merger talks with a Dutch Will Andrea Leadsom issues maintaining the The interesting office elsewhere? It is not as though to the world or society in Butterfly, a memoir by the rival. Let’s hope he will do make a better business male-designed and male- automation work of Blue we lack design skills. a way that will last for French journalist Jean- better as Boris Johnson’s secretary than Greg Clark? dominated workplace. The Prism (Inside the City, last Time for our engineers and decades’ Dominique Bauby, written business adviser. @ST_Business gendered ghettoisation that week) is also paralleled in the investors to wake up. results from the separatism world of contact-centre David Brancher, Abergavenny DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 FTSE 100 DOLLAR beginning to work. The “pivot 14.2 times forward earnings, USD > GBP 2.0% 2.0% ConvaTec to growth” programme set it trades well below larger 7,800 CPI including housing current rate prev. month out plans to invest more in rival Smith & Nephew’s 22.1 $1.24 1.9% 1.9% researching new products times. Shares in ConvaTec V 0.01 could be and to scrap poorly closed at 150.1p on Friday — 7,400 12-month high: $1.34 Retail prices index current rate prev. month low: $1.24 performing ones. 33.3% below their float price 2.9% 3.0% EURO a comfort ConvaTec is cutting costs — valuing the company at just 7,549.06 Average weekly earnings on prev. month on last year and doing more of its own under £3bn. 40.36 H:7,790.2 7,000 EUR > GBP manufacturing. A supply The focus now is on the 0.54% L:6,536.5 £536 U0.4% U3.9% in old age contract with British firm new chief executive, Karim 6,600 €1.11 Unemployment current rate prev. month Scapa was terminated, Bitar, who is due to join at the FTSE 250 W 0.00 2018 2019 12-month high: €1.18 1.29m 3.8% 3.8% although that prompted a end of September. Bitar, low: €1.10 Source: Thomson Reuters Manufacturing output on the year on last month Much like the patients it seeks £65.7m legal claim. jumping across from animal YEN to help, ConvaTec is in need Despite the shadow of genetics specialist Genus, is RISERS FALLERS Cobham: 167.8p U 41.8% on takeover Petra Diamonds: 9.8p V 40.3% on YEN > USD 0% U1.4% of a little time in recovery. litigation, ConvaTec is well expected to take a fresh look bid : 53.2p U 21% on sentiment analyst note : 604.2p Retail sales on the year on last month The medical equipment placed to benefit from a at ConvaTec’s three-year Aptitude Software: 584p U 18.4% on V 39.3% on forecast cut Metro Bank: bumper results Dialight: 362p U 16.8% 392.2p V 21.6% on succession plans ¥108.65 U3.8% U1.0% maker, which landed in the growing market. transformation plan. 19,857.94 on recovering falls Howden Joinery: De La Rue: 236.5p V 20.6% on fraud U 0.95 FTSE 100 in 2016 after eight Because of the world’s His biggest challenge will 236.28 H:20,941.1 567p U 14.2% on first-half growth probe TBC Bank: £12.42 V 16.8% on 12-month high: ¥114.54 founders’ money laundering charges low: ¥104.96 years of private equity ageing population, and be to reverse three years of 1.20% L:17,054.7 UK trade latest 3 mths prev. 3 mths latest 12 mths ownership, has suffered lifestyle changes, there will disappointment. OIL balance (£bn) -12.6 -17.2 -46.2 a bruising run so far. be a greater need for Part of the blame lies with DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change First, there were two profit catheters, ostomy care and former private equity owners 27,192.45 28,397.74 1,537.43 product warnings in 12 months. Then wound dressings. Nordic Capital and Avista, $63.46 U0.5% U0.2% U1.8% 38.25 H:27,398.7 367.66 H:30,280.1 14.12 H:1,554.3 0.99 the chief executive made a Until now, ConvaTec’s which weighed down the U Budget deficit latest month prev. month year-to-date 0.14% L:21,712.5 1.28% L:24,540.6 0.93% L:1,291.0 12-month high: $86.74 (PSNB) in £bn swift exit when the company problems have been largely of business with debt and then low: $49.93 -7.2 -4.5 -17.9 slashed sales forecasts and its own making, which is sold their shares after the NASDAQ SHANGHAI SENSEX GOLD said a big customer had reflected in its valuation. At listing. Nordic dumped its 8,330.21 2,944.54 37,882.79 DOLLARS/TROY OZ trimmed orders. Also, 7.3% stake in May last year. 183.72 H:8,339.6 20.34 H:3,288.5 454.22 H:40,312.1 moving a manufacturing ConvaTec ConvaTec is due to report 2.26% L:6,190.2 0.70% L:2,440.9 1.18% L:33,291.6 10-YEAR BOND YIELDS % plant from America to the first-half results on Thursday. $1,419.49 250p V 9.84 Dominican Republic Analysts are forecasting sales S&P 500 CAC 40 ALL ORDS 12-month high: $1,432.35 variation 12 months disrupted its supply chain. of $894m (£722m), down 3,025.86 5,610.05 6,879.30 low: $1,179.16 high low 200 49.25 H:3,027.9 57.71 H:5,672.8 93.10 H:6,901.9 All of this wiped 57% from from $921.3m last year. Some BITCOIN UK 0.69 V 0.04 1.75 0.64 the share price — and analysts are sceptical — Bank 1.65% L:2,346.6 1.04% L:4,556.0 1.37% L:5,478.4 DOLLARS 150 knocked the company out of of America Merrill Lynch has NIKKEI DAX S&P TSX US 2.07 U 0.02 3.26 1.94 the blue-chip index. a 145p target on the stock — 21,658.15 12,419.90 16,531.04 $9,455.09 ConvaTec is now showing 100 but there could be rewards V 1,166.16 JAPAN -0.15 V 0.03 0.17 -0.19 191.16 H:24,448.1 159.83 H:12,886.8 45.10 H:16,672.7 12-month high: $13,796.49 signs that a turnaround plan 2018 2019 ahead, provided ConvaTec’s 0.89% L:18,948.6 1.30% L:10,279.2 0.27% L:13,776.9 low: $3,191.30 Price at 5pm Saturday GERMANY -0.42 V 0.05 0.58 -0.46 announced last February is Source: Thomson Reuters convalescence pays off. Buy.

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) 40 3i Group 1109.5 –7.0 1164.5 756.2 3.2 - 10794.8 135 2896.0 +6.0 3168.0 2014.0 0.9 123.6 2972.8 73 Johnson Matthey 3195.0 +64.0 3760.0 2620.0 2.5 14.9 6183.4 165 Royal Mail 208.1 –13.5 489.0 194.5 11.7 11.9 2081.0 156 285.5 –0.5 303.0 232.5 3.2 - 2313.8 121 3036.0 –26.0 3328.0 2761.0 2.0 15.3 3390.0 189 376.6 –1.8 438.0 287.6 4.8 12.1 1723.7 77 RSA Insurance 577.8 +0.6 644.2 496.6 3.5 18.3 5959.7 70 Admiral 2227.0 –54.0 2300.0 1897.0 3.6 16.3 6479.5 8 Diageo 3323.0 –64.0 3482.5 2523.5 2.0 27.7 78819.1 104 Just Eat 635.6 +9.4 861.4 533.8 - 52.5 4334.1 55 Sage 742.4 –61.0 820.4 525.6 2.2 25.9 8067.0 171 780.4 –4.8 882.0 691.8 3.5 15.9 1998.8 191 Diploma 1499.0 +17.0 1634.0 1150.0 1.7 29.5 1697.5 143 Kaz Minerals 578.8 –2.2 846.4 436.7 0.8 6.5 2727.9 103 Sainsbury, J 198.8 –7.1 341.5 187.9 5.1 22.3 4396.5 142 828.0 +8.0 828.0 672.0 1.7 - 2732.5 101 Direct Line Insurance 325.8 –9.2 366.5 304.9 6.3 9.8 4479.8 95 Kingfisher 223.5 +4.9 309.2 202.2 4.8 21.9 4716.1 53 Schroders 3001.0 +54.0 3210.0 2334.0 3.8 16.7 8138.4 18 Anglo American 2098.0 –136.0 2266.0 1464.6 3.7 8.3 29478.6 181 Dunelm 923.0 +16.5 981.0 482.8 2.9 22.2 1864.2 72 Land Securities 841.0 –4.4 943.6 791.8 5.8 - 6235.7 54 Schroders N/V 2400.0 +35.0 2590.0 1962.0 4.8 13.4 8138.4 48 Antofagasta 938.4 +4.4 1022.5 727.2 0.6 23.2 9251.4 105 EasyJet 1030.5 –69.5 1619.0 854.8 5.7 21.2 4093.2 33 Legal & General 270.0 +0.9 291.2 223.7 5.8 9.1 16103.5 52 Scottish Mortgage 554.0 +5.5 568.3 441.4 0.6 - 8225.7 199 390.0 +10.6 434.8 337.2 1.5 63.9 1570.8 145 608.8 +14.6 761.6 480.0 2.2 18.3 2702.3 13 Lloyds Banking Group 56.0 –0.8 66.6 50.0 9.4 10.2 39486.2 56 Segro 768.4 +16.8 776.8 585.2 2.5 8.9 7773.1 114 Ashmore 533.0 +9.5 533.0 337.0 3.1 26.5 3798.9 159 Entertainment One 448.2 +0.4 483.4 336.4 0.3 89.6 2226.9 28 5672.0 –80.0 5784.0 3867.0 1.0 41.7 19835.1 188 141.1 –2.4 145.8 84.1 - 23.6 1726.2 41 Ashtead 2290.0 +79.0 2438.0 1586.5 1.5 13.9 10616.3 47 Evraz 654.0 +9.0 709.4 442.1 13.0 5.1 9439.5 149 Man 166.9 –1.4 184.9 126.8 5.7 12.5 2566.4 93 Severn Trent 2038.0 –3.0 2153.0 1770.0 4.4 15.3 4847.5 30 Associated British Foods 2394.0 +51.0 2638.0 2041.0 1.9 20.7 18952.7 23 Experian 2482.0 +74.0 2482.0 1728.5 1.4 42.5 22612.6 107 Marks & Spencer 209.5 +3.4 299.1 204.2 8.5 105.1 4085.4 85 Smith (DS) 375.5 +18.3 513.4 292.2 4.0 417.2 5149.6 198 Assura 65.9 +1.5 66.4 52.4 4.1 18.8 1585.4 111 F&C Investment Trust 723.0 +10.0 741.0 616.0 1.6 - 3928.1 151 333.9 –0.9 522.2 293.4 2.4 - 2461.6 35 Smith & Nephew 1796.5 +63.5 1796.5 1258.0 1.6 30.2 15715.0 6 Astra Zeneca 6905.0 +515.0 6905.0 5325.0 3.2 51.1 90578.6 36 Ferguson 6158.0 +270.0 6556.0 4749.0 2.3 20.4 14179.4 99 589.0 +31.8 589.0 458.0 2.7 25.8 4576.3 69 Smiths 1639.5 +53.5 1649.0 1279.5 2.7 22.4 6491.7 92 Auto Trader 535.0 –9.6 606.0 388.5 1.1 25.5 4964.7 185 Finsbury Growth & Income 927.0 –7.0 940.0 740.0 1.7 - 1829.4 46 Melrose 194.4 +11.3 233.9 146.3 2.2 - 9442.0 157 Smith WH 2122.0 +12.0 2186.0 1697.0 2.5 25.2 2290.4 68 Aveva 4030.0 +28.0 4170.0 2284.0 1.0 192.8 6500.0 83 Flutter Entertainment 6886.0 –84.0 8290.0 5525.0 2.9 28.6 5383.7 195 Mercantile Investment Trust 204.8 +2.3 219.6 168.0 3.1 - 1622.3 71 Smurfit Kappa 2632.0 +90.0 3292.0 1934.0 3.1 - 6254.6 34 Aviva 410.6 –9.2 502.8 364.6 6.9 10.9 16082.5 79 Fresnillo 786.0 –8.8 1039.0 724.8 4.1 21.1 5792.0 98 Merlin Entertainments 451.6 +1.9 451.6 307.1 1.7 20.1 4624.7 179 954.0 +15.5 993.5 565.0 1.3 30.2 1891.3 152 479.2 +35.6 733.2 416.7 6.2 12.2 2422.8 133 G4S 195.2 +0.9 282.0 175.9 5.0 37.5 3028.7 78 International 1723.8 +66.6 2160.0 1190.0 5.1 10.3 5918.4 162 Sophos 443.0 –10.4 539.5 298.2 0.9 106.9 2145.9 31 BAE Systems 533.8 +10.6 654.4 443.9 4.1 17.1 17097.8 190 Genus 2634.0 +14.0 2908.0 2098.0 1.0 - 1713.5 160 Millennium & Copthorne Hotels 680.0 –5.0 685.0 436.0 0.6 92.0 2208.6 127 2734.0 +46.0 2898.0 1966.5 2.1 17.4 3169.6 67 Spirax-Sarco 8880.0 +110.0 9400.0 5900.0 1.0 29.4 6541.6 20 Barclays 160.1 +4.5 194.0 146.1 4.1 8.1 27606.1 7 Glaxo Smith Kline 1685.8 +39.4 1685.8 1418.0 4.8 19.0 84090.3 65 Mondi 1825.0 +62.5 2236.0 1584.0 3.2 12.0 6702.1 64 Barratt Developments 662.0 +28.0 662.0 434.0 4.0 9.3 6732.5 16 Glencore 272.1 –0.2 341.5 254.6 5.8 14.4 37095.3 38 SSE 1093.5 –65.5 1280.0 1008.0 8.7 8.1 11235.8 177 Moneysupermarket 358.1 –2.0 417.7 264.0 3.1 20.5 1920.9 129 BBA Aviation 298.0 +11.4 350.0 207.0 3.6 33.3 3083.0 184 Units 767.5 +17.5 937.0 630.0 2.1 12.2 1831.1 130 SSP 693.0 –8.0 779.8 642.0 1.5 26.4 3082.8 164 951.0 +14.0 951.0 710.0 0.2 - 2081.5 178 BCA Marketplace 241.8 –1.8 247.0 178.5 3.5 29.5 1896.5 163 Greencoat UK 138.6 –3.0 143.2 122.8 5.0 - 2102.5 24 Standard Chartered 690.2 –23.0 736.8 519.8 1.9 47.5 22304.6 94 Morrison Supermarkets 198.3 –11.1 269.4 195.2 3.2 19.6 4745.4 134 Beazley 565.0 +15.5 599.0 492.6 2.2 24.0 2989.8 174 Greene King 634.8 –27.0 704.4 472.8 5.2 12.6 1967.9 81 St James’s Place Capital 1063.0 –35.0 1216.5 914.0 4.3 32.8 5644.2 161 425.6 +8.8 438.4 361.4 3.5 15.4 2178.0 116 3003.0 +163.0 3226.0 2419.0 4.8 6.9 3698.6 154 2378.0 –88.0 2476.0 956.5 1.4 36.9 2405.5 60 Standard Life Aberdeen 304.6 +2.7 378.9 224.9 8.1 - 7342.9 19 National Grid 846.4 +11.6 889.2 748.7 5.5 19.2 28880.4 90 Berkeley 3945.0 +189.0 3981.0 3226.0 2.3 8.2 5008.2 186 687.0 –2.6 773.6 652.3 1.7 40.2 1828.0 118 Tate & Lyle 752.2 –10.4 800.4 624.0 3.8 19.5 3523.1 57 Next 5712.0 +252.0 5936.0 3991.0 2.8 13.2 7629.3 5 BHP 1955.0 –73.5 2049.0 1490.6 4.8 14.8 98864.4 117 GVC Holdings 626.4 –4.2 1170.0 507.5 5.0 - 3645.0 80 Taylor Wimpey 173.5 +8.5 192.2 129.3 2.8 8.7 5690.4 84 NMC Health 2470.0 +170.0 4120.0 2192.0 0.5 26.5 5156.6 193 992.5 –16.5 1062.0 852.5 3.2 12.7 1654.5 59 Halma 1993.5 +0.5 2094.0 1237.0 0.8 44.5 7568.2 169 Templeton Emerging Markets 816.0 +5.0 818.0 649.0 2.0 - 2027.1 50 Ocado 1240.0 +45.5 1435.0 749.8 - - 8766.0 113 B&M European 380.5 +25.5 426.3 278.6 2.0 18.6 3807.1 166 270.5 –2.3 521.8 266.9 9.6 - 2072.8 25 Tesco 226.0 –12.3 266.2 189.6 1.6 16.7 22133.3 62 Pearson 927.0 +44.8 1027.5 769.2 2.0 16.1 7243.9 4 BP 523.0 +5.3 598.3 485.9 6.0 14.0 106651.2 44 Hargreaves Lansdown 2105.0 +35.0 2433.0 1633.0 1.5 41.5 9984.4 123 1342.5 +64.5 1465.0 970.0 3.4 - 3385.0 132 Pennon 724.4 –25.2 792.8 684.2 5.4 14.2 3046.2 10 British American Tobacco 3019.0 –74.0 4222.5 2375.0 6.5 11.5 69249.9 158 Hays 154.9 +3.9 212.0 135.7 2.5 13.2 2259.5 147 Tritax Big Box Reit 157.3 –2.0 159.7 129.0 4.2 9.0 2685.1 128 Pershing Square Holdings 1451.2 –3.2 1472.1 1015.8 2.2 - 3122.8 89 British Land 535.6 –2.2 660.2 523.0 5.7 - 5021.0 137 HICL Infrastructure 161.8 +2.2 170.1 149.9 5.1 - 2898.1 91 Tui 847.0 +43.0 1631.0 698.0 7.3 9.1 4979.5 66 Persimmon 2094.0 +120.0 2501.0 1859.5 11.2 7.5 6670.0 153 912.5 +26.0 956.0 745.0 3.1 20.5 2422.1 102 Hikma Pharmaceuticals 1836.0 +27.0 2025.0 1510.5 1.5 20.1 4448.0 146 191.9 –7.7 266.3 165.1 2.0 26.3 2692.2 29 BT 192.0 +3.0 264.6 187.0 7.9 8.9 19049.9 87 1772.0 +49.0 1777.0 1418.0 1.7 50.9 5108.6 86 Phoenix Group Holdings 709.0 –7.0 724.8 544.0 6.4 10.6 5114.8 172 UDG Healthcare 796.5 +18.0 850.0 551.0 1.5 100.3 1984.5 126 BTG 836.0 –0.5 853.0 508.5 - 38.2 3245.7 110 1178.0 +33.0 1263.0 849.0 1.7 36.5 3941.6 175 Polar Capital Technology Trust 1468.0 +52.0 1468.0 1066.0 - - 1964.6 3 Unilever 4899.0 –112.0 5091.0 3931.0 2.9 15.6 128758.0 61 Bunzl 2158.0 –17.0 2551.0 2059.0 2.2 22.1 7266.8 120 Howden Joinery 567.0 +72.0 567.0 416.4 2.0 17.5 3403.7 96 Polymetal International 999.4 +4.4 1031.0 597.2 3.7 16.1 4698.8 131 Unite Group 1050.0 +4.0 1076.0 797.5 2.8 11.6 3048.3 45 Burberry 2295.0 –33.0 2345.0 1623.5 1.8 28.1 9443.0 2 HSBC 662.4 –0.3 730.5 600.8 5.9 12.5 134349.9 12 Prudential 1692.5 –23.0 1824.0 1340.0 2.8 14.5 44001.6 82 United Utilities 791.6 +13.6 873.6 682.4 5.1 14.9 5397.8 192 3061.2 –3.8 3110.0 2650.0 1.9 - 1681.2 167 IG Group 560.6 –32.2 954.5 474.8 7.7 9.9 2067.7 194 QinetiQ 289.4 +14.2 312.4 264.3 2.2 14.5 1643.7 187 2006.0 +58.0 3408.0 1944.0 3.0 17.4 1733.8 182 Capital & Counties Properties 218.0 +0.4 279.5 209.5 0.7 - 1855.8 138 IMI 1050.0 +58.8 1242.0 870.0 3.9 16.8 2857.1 139 Quilter 149.6 +0.1 156.6 110.6 - 15.9 2845.8 14 Vodafone 146.0 +16.7 186.7 123.3 9.0 - 39021.5 173 118.1 +0.1 162.0 99.9 - 6.7 1970.6 27 Imperial Brands 2140.0 –5.0 2987.5 1846.8 8.8 13.2 20456.9 11 Reckitt Benckiser 6481.0 –102.0 7155.0 5593.0 2.6 21.2 45952.2 108 Weir 1557.0 +102.0 1977.5 1240.0 2.9 72.1 4042.0 22 Carnival 3641.0 +129.0 5000.0 3412.0 4.4 10.8 26028.6 150 Inchcape 626.5 +24.5 727.0 486.6 4.3 48.6 2563.9 170 Redrow 574.0 +30.0 639.0 23.0 5.1 6.3 2021.6 196 Wetherspoon JD 1540.0 –31.0 1581.0 1066.0 0.8 25.7 1618.5 88 87.5 –2.8 155.6 86.3 13.7 27.3 5088.8 39 Informa 883.2 +47.0 883.2 605.8 2.5 36.8 11055.9 15 Relx 1934.5 –5.5 1973.5 1491.5 2.2 25.1 37634.8 75 Whitbread 4554.0 –348.0 5114.0 3883.0 2.2 19.1 6087.9 119 252.3 +5.4 323.6 246.9 2.8 14.4 3461.4 148 Inmarsat 563.6 +2.8 581.4 362.8 2.7 - 2612.7 183 Renewables Infrastructure 127.0 –3.4 133.2 109.6 5.2 - 1836.7 176 222.5 +3.0 227.6 189.6 2.3 - 1952.8 197 City of London Investment Trust 426.0 –3.0 434.0 376.0 4.4 - 1615.4 43 Intercontinental Hotels 5587.0 +73.0 5587.0 4155.8 1.6 37.0 10170.2 141 Renishaw 3800.0 +90.0 5650.0 3670.0 1.6 21.5 2765.6 112 3769.0 +143.0 3769.0 2329.0 - 11.3 3867.7 168 Close Brothers 1354.0 –46.0 1660.0 1354.0 4.7 10.2 2049.9 106 Intermediate Capital 1409.0 +22.0 1420.0 899.0 2.2 22.2 4091.1 58 Rentokil Initial 411.6 –8.2 424.4 284.8 1.0 - 7611.9 115 Wood 553.2 +41.0 796.4 389.9 1.6 - 3770.3 109 Cobham 167.8 +48.7 167.8 96.8 - - 4012.1 49 Intertek 5700.0 +176.0 5988.0 4387.0 1.4 32.6 9199.4 97 Rightmove 524.9 +12.7 585.1 420.9 1.2 27.9 4670.4 200 Workspace 864.0 –24.5 1088.0 789.5 3.4 11.2 1560.5 42 Coca Cola HBC 2824.0 +89.0 3074.0 2244.0 1.7 26.0 10252.9 51 International Airlines Group 438.0 –12.1 711.4 438.0 5.7 4.9 8691.3 9 Rio Tinto 4605.5 –245.5 4976.5 3486.0 5.2 7.4 77925.1 37 WPP 958.2 +41.4 1301.0 800.4 6.3 11.4 12091.6 17 Compass 2039.0 +77.5 2039.0 1483.0 1.9 27.6 32345.4 155 International Public Partnerships 158.0 +0.8 163.4 146.8 4.4 16.2 2346.7 125 RIT Capital Partners 2150.0 +35.0 2150.0 1892.0 - - 3340.1 136 Convatec 150.1 +3.7 239.0 118.6 3.2 17.4 2968.0 124 485.5 –18.5 561.0 423.4 5.1 9.5 3379.5 32 Rolls-Royce 868.4 +5.2 1094.0 759.2 1.4 - 16620.1 Price/earnings ratios are based on historic data, with yield and p/e values 26 CRH 2707.0 +56.0 2720.0 1971.5 2.3 17.6 21637.5 100 ITV 112.8 +2.5 170.1 104.7 7.1 10.2 4538.6 144 310.4 +6.2 361.4 235.7 1.8 29.6 2706.9 calculated from the most recent reported dividends and earnings per share, 76 Croda 4674.0 –162.0 5447.7 4576.0 1.9 25.5 6013.4 122 IWG 378.1 +17.1 381.0 199.8 1.6 32.6 3386.0 21 Royal Bank Of Scotland 227.9 –0.2 270.4 203.0 2.4 18.2 27555.9 using trailing 12-month figures. 52-week highs and lows are end of day. 140 CYBG 197.8 +1.0 364.2 173.9 1.6 - 2835.6 74 JD Sports 630.2 +17.6 635.6 318.5 0.3 23.4 6133.3 1 Royal Dutch Shell A 2548.0 +9.0 2666.0 2213.0 5.7 11.7 205307.2 nc = no change Data provided by Morningstar. Any enquiries please contact: 63 DCC 6974.0 +90.0 7390.0 5555.0 1.8 24.9 6855.1 180 John Laing 378.8 –3.2 402.0 283.2 1.5 6.1 1867.5 Royal Dutch Shell B 2554.0 +11.5 2705.5 2227.0 5.7 11.8 [email protected]