10 The Sunday Times July 15, 2018 BUSINESS

Liam Kelly LETTERS

leave your car at Heathrow’s support of Boyzone singer Send your letters, including burden would be spread. brings down prices for Beggar sculpture brasses off City NCP for 24 hours. Ouch. Ronan Keating — an old SIGNALS full name and address, We need to create a level business and households. friend of late founder Eddie AND NOISE . . . to: The Sunday Times, playing field for all business, Unless the almost 100- A guerrilla sculpture identified themselves and Stobart. Now it looks as if 1 London Bridge Street, including banks. Yes, retailers year-old point-to-point grid appeared outside the Royal who did not have permission Boyzone in tune Tinkler has one of Keating’s London SE1 9GF. Or email will go bust, but new ones that provides the transport Exchange in the heart of the to place the artwork near the bandmates on his side too. [email protected] will take their place. system for electricity is City in March. Apparently Royal Exchange,” a spinner with Tinkler In between tweets Letters may be edited That’s evolution and has reimagined, consumers will made out of coins, it was the explains. “The installation of The ousted Stobart Group plugging Boyzone’s gig at always been. remain unsatisfied. figure of a beggar bent over a this unauthorised sculpture boss Andrew Tinkler shows Kew Gardens last night, The morally corrupt Richard Dowling, chief bowl — presumably a none- caused significant damage to no sign of giving up after Mikey Graham shared a Business rates: fit for the business models that rely on economist, Faraday Grid, too-subtle commentary on the plinth, which was noted being thwarted in his bid to message from Tinkler with changing retail market? paying little or no tax have no Edinburgh the iniquities of capitalism. during its removal by the install his friend Philip Day, his 62,000 followers.Tinkler Oliver Shah’s Agenda on part in our society. In some A few weeks later it was City Corporation’s cleansing the billionaire owner of blasted the fractious AGM as business rates was interesting cases they have a massive Investors have the power to gone and the plinth it had department.” Edinburgh Woollen Mill, as “corporate governance at it’s (“The worst is yet to come for 28%-plus margin advantage raise auditing standards stood on was covered with He adds that the sculpture chairman of the Southend [sic] worst”. the high street”, last week). over traditional UK retail. Last week’s article “The dog wooden cladding. Prufrock is “being held in storage”. airport operator at the recent Of the seven tweets sent It is worth remembering, This allows them to undercut that barked too late” dealt asks the City of London Banksy it ain’t, but might the annual meeting. by Graham, 45, since last though, that online retailers and destroy the companies with the failure of the Corporation what happened. creator step forward? And it’s not just Tinkler Thursday, two are posts As the Brexit rows rumble such as Amazon build and that do pay their UK taxes. regulator to tackle the “The sculpture was who is refusing to quit in one originally sent by Tinkler. on, a team of experts is operate large logistics/ We need a sales tax — the deficiencies of auditors of created and installed by of the strangest boardroom Giving the boyband planning our trading future. distribution warehouses that sooner the better. company accounts. Surely individuals who have not NCP reels from battles for years. In the warbler’s fans what they John Arlidge meets the attract a business-rate charge. Neil Cooper, London W1 the shareholders have a role run-up to the crunch vote, want, I’m sure. ministers at the Department Their staff, and those of here. At the annual meeting Highland fling Tinkler, 55, won the unlikely for International Trade, delivery businesses, will also Electricity grid needs a there is always a motion to JUST SAYING . . . Finding a parking space can including Baroness Fairhead be paying national insurance 21st-century reboot “reappoint the auditors”. One be a nightmare — and in busy Spinning comes contributions, income tax, The big six energy suppliers, should vote against this. The While a company town centres the fees can be FUNNY BUSINESS MAGAZINE, PAGE 12 and vehicle and fuel taxes. along with most of their task of auditing company downright silly. It seems that so Instinctif-ly While I appreciate this counterparts around the accounts should be put out might fail . . . this even NCP, Britain’s biggest God bless financial PRs — won’t replace all the lost rates world, face an existential to competitive tender. car park operator, can get they’ll spin anything, even TWITTER POLL income from closed shops, threat (“Death of the power John Myles, Peterborough does not itself into trouble. when it’s about themselves. the online retailers will at dinosaurs”, last week). automatically The company could be hit Instinctif, which sounds Yes No least be making a Consumers want value and The leading accountancy with one hell of a parking more like a sportswear brand contribution. flexibility, neither of which firms have had a free rein mean the auditor fine. In a High Court case, than a communications firm, Richard Poundford, by email they get with current under the Financial did a bad job property developer Highland was put on the block by its 40% 60% providers, which are Reporting Council, which for Loughborough claims to be private equity owner last As retail is evolving and charging ever higher prices. years has been manned by owed more than £3m by September. But staff say a changing, the rules on how Yet this is not something that staff who previously worked NCP, which it says has failed memo went around earlier tax is collected need to can be resolved simply with for them. Just look at the to honour lease obligations this month revealing the sale change. A single tax on all an injection of disruptive money they have made from on its multistorey site at the had been canned. sales made or initiated in entrepreneurialism from the the NHS, taking it in turns Rushes shopping centre in One director gamely tells the UK is required instead of likes of Amazon or Google. to be the accountant of a Loughborough. (NCP Prufrock the sale has merely the current VAT, corporation The market increasingly hospital trust or the declined to comment.) been “paused” — and that, in After warning that M&S tax and business rates. shows that harnessing the outside auditor. KPMG chairman Highland, run by Giles any case, the delay will let had “no God-given right to Why would this mean an power of low-cost renewable No wonder the taxpayer Bill Michael defends Horridge and Callum staff “concentrate on the day exist”, will new chairman increase in prices, as was energy sources is our best is feeling the pinch and the accountancy giant’s Thorneycroft, also wants job”. Nice try, guys. Archie Norman be able suggested last week? In most bet. However, the grid needs frontline services are starved work on collapsed £53.60 interest a day — liam.kelly@ to turn round the ailing cases it would lower prices as to be completely reimagined of funds. outsourcer Carillion almost twice what it costs to sunday-times.co.uk retailer? @ST_Business offshore online platforms to make this work effectively Paul Broadhurst, Dukinfield, would have to pay too, so the and in a way that actually Greater Manchester DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 FTSE 100 DOLLAR 2.4% 2.4% others — thus removing the Interim analysis on USD > GBP The drugs cost and risk of early-stage Episalvan, which is currently 7,800 CPI including housing current rate prev. month drug development. in late-stage trials, is due to be 7,600 $1.32 2.3% 2.2% Amryt already has a published towards the end of W 0.00 Retail prices index current rate prev. month minnow product on the market in this year. The gel is used to 12-month high: $1.44 7,400 low: $1.28 several countries. treat epidermolysis bullosa, a 3.3% 3.4% EURO with big Last week, the company skin condition for which 7,661.87 7,200 Average weekly earnings on prev. month on last year won approval for Lojuxta, a there is no cure. 44.17 H:7,903.5 EUR > GBP treatment for a rare genetic Those born with the 0.58% L:6,866.9 7,000 £516 U0.2% U2.5% Unemployment current rate prev. month ambitions disorder that raises disorder are known as 6,800 €1.13 cholesterol levels, to be butterfly children because FTSE 250 W 0.00 2017 2018 12-month high: €1.16 1.42m 4.2% 4.2% Once upon a time, the easiest prescribed by the NHS. everyday activities — even low: €1.07 way to make money in Amryt bought the rights to putting on socks — can cause Source: Thomson Reuters Manufacturing output on the year on last month YEN healthcare was to develop a sell Lojuxta outside the US in extreme skin wounds. RISERS FALLERS YEN > USD U1.5% U0.4% remedy for heart disease or December 2016. It has since Episalvan is already approved Pershing Square: £15.10, U 36% on TP Icap: 267p, V 34.6% on sacking of boss Indivior: 291.2p, V 21.9% on Retail sales on the year on last month depression. Marginal grown sales from €7m to to treat minor wounds in share buys Cambian Group: 186.4p, U 27.7% on takeover bid Premier copycat fears Equiniti: 210.5p, ¥112.34 improvements in patients’ €12m (£10.6m). By 2023, they adults, but Amryt is testing it Foods: 46.5p, U 14% on activists upping V 13% on broker notes Evraz: 392.6p, U3.9% U1.3% 20,813.12 U 1.89 V 12.9% on continuing struggles symptoms meant the drugs are expected to reach €34m. in what should be a more 194.78 H:21,371.5 stakes : 134.9p, U 13.7% on 12-month high: ¥114.72 positive results Computacenter: £15.98, Hammerson: 473p, V 12.1% on low: ¥104.55 company was on to a winner Here is where Amryt lucrative market. 0.94% L:19,091.1 U 11.8% on beating expectations activist building stake UK trade latest 3 mths prev. 3 mths latest 12 mths — a “blockbuster” product becomes more interesting. It is sensible to be cautious OIL balance (£bn) -8.3 -3.3 -26.4 was within its grasp. Analysts say the company’s when investing in companies DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change Today a new band of 16p share price, which values that have a long way to fall if 25,019.41 28,525.44 1,508.14 product pharmaceutical minnows are it at £44.1m, is based on their treatments fail to $75.33 U0.2% U0.4% U1.2% 562.93 H:26,616.7 209.82 H:33,484.1 9.92 H:1,588.0 setting their sights on the Lojuxta alone. However, impress in clinical trials. Yet V 1.78 Budget deficit latest month prev. month year-to-date 2.30% L:21,471.1 0.74% L:26,255.3 0.66% L:1,415.8 12-month high: $80.50 (PSNB) in £bn 7,000 rare diseases for which Amryt has another treatment shares in Amryt have under- low: $47.18 5.0 6.9 11.8 there are often no cures. The in development — and it is on performed since it floated. NASDAQ SHANGHAI SENSEX GOLD regulatory process for getting the lookout for others. Amryt has ambitious plans 7,825.98 2,831.18 36,541.63 DOLLARS/TROY OZ these drugs to market can for Lojuxta, which it is 137.59 H:7,843.5 83.96 H:3,587.0 883.77 H:36,740.1 be quicker because this field Amryt Pharma expanding into other 1.79% L:6,177.2 3.06% L:2,691.0 2.48% L:31,081.8 $1,242.19 10-YEAR BOND YIELDS % is often ignored by the markets. Also, the company V 12.65 sector’s big players. 30p has the expertise of Harry S&P 500 CAC 40 ALL ORDS 12-month high: $1,359.26 variation 12 months One such company is Stratford, founder of biotech 2,801.31 5,429.20 6,351.90 low: $1,218.07 high low 41.49 H:2,872.9 3.80 H:6,386.7 Amryt Pharma, based in giant Shire, who is the 53.43 H:5,657.4 BITCOIN UK 1.27 W 0.00 1.79 0.72 Dublin and listed on AIM. 20 chairman. If it continues to 1.50% L:2,417.4 0.99% L:4,995.1 0.06% L:5,702.2 DOLLARS Founder and chief executive deliver on its promises and NIKKEI DAX S&P TSX US 2.83 U 0.01 3.13 2.02 Joe Wiley conceived the wins approval for Episalvan, $6,275.83 22,597.35 12,540.73 16,561.12 JAPAN 0.05 0.02 0.10 -0.01 idea of “commercialising” 10 Amryt should be an attractive V 359.2 U 809.21 H:24,129.3 189.34 H:16,586.5 2017 2018 44.56 H:13,596.9 12-month high: $19,497.4 treatments for rare diseases long-term investment. Buy. 3.71% L:19,239.5 0.36% L:11,726.6 1.16% L:14,785.8 low: $919.5 GERMANY 0.28 V 0.02 0.80 0.19 that had been developed by Source: Thomson Reuters @sabahmeddings Price at 5pm Saturday

TOP 200 COMPANIES

Market cap ranking Price Change 52-week Mkt Cap Market cap ranking Price Change 52-week Mkt Cap Market cap ranking Price Change 52-week Mkt Cap Market cap ranking Price Change 52-week Mkt Cap Yield P/E Yield P/E Yield P/E Yield P/E V on week high low (£m) V on week high low (£m) V on week high low (£m) V on week high low (£m) 54 3i Group 907.4 +3.6 1029.5 853.0 3.3 - 8793.0 8 Diageo 2804.0 +57.0 2804.0 2247.5 2.2 22.0 69010.8 72 Land Securities 946.3 –3.4 1100.8 906.8 4.4 41.0 7016.4 66 Sainsbury, J 329.4 +3.5 329.4 224.8 2.9 25.9 7214.6 191 3i Infrastructure 227.5 –2.3 271.7 203.0 3.8 - 1832.5 100 Direct Line Insurance 337.7 +7.5 411.3 330.2 4.9 10.7 4643.4 35 Legal & General 266.0 +3.4 286.2 249.5 5.5 8.8 15853.3 36 Schroders 3161.0 –54.0 3773.0 3092.0 3.1 15.0 15851.0 89 Admiral 1948.0 +78.0 2178.0 1784.0 2.7 16.6 5605.2 170 Dixons Carphone 190.1 +6.2 270.2 149.1 - 9.0 2201.4 13 Lloyds Banking Group 62.4 –0.1 72.1 61.2 1.6 13.2 44742.5 58 Scottish Mortgage 550.0 +19.0 550.0 400.7 0.6 - 7869.8 157 Alliance Trust 759.0 +10.0 769.0 689.0 1.8 - 2577.5 80 EasyJet 1630.0 +14.0 1796.0 1151.0 2.5 14.6 6474.5 37 London Stock Exchange 4520.0 +23.0 4554.0 3649.0 1.0 30.1 15729.0 74 Segro 674.0 –3.6 679.0 494.6 2.4 6.9 6818.5 26 Anglo American 1657.2 –44.0 1926.4 1091.5 2.1 9.1 23279.9 131 Electrocomponents 737.0 –4.4 758.0 568.6 1.7 21.9 3261.9 154 Man 174.1 –1.2 217.7 152.5 4.1 15.4 2790.1 102 Severn Trent 1941.0 –127.0 2293.0 1703.0 4.3 19.0 4597.6 50 Antofagasta 944.6 +0.6 1149.0 842.6 2.0 16.8 9312.5 196 Entertainment One 383.0 +24.0 383.0 231.3 0.3 98.2 1771.2 94 Marks & Spencer 314.5 +7.2 354.1 264.5 5.9 196.6 5110.0 152 Shaftesbury 922.5 –12.5 1055.0 917.0 1.7 8.2 2834.8 193 Ascential 451.0 +18.2 457.2 325.9 1.1 83.5 1807.2 62 Evraz 522.0 +12.0 556.6 224.2 4.2 14.7 7475.3 117 Mediclinic International 527.6 –4.4 764.5 507.5 1.5 - 3889.2 15 Shire 4340.0 +54.0 4351.0 2953.5 0.6 12.5 39671.1 160 Ashmore 353.6 –6.4 433.2 332.3 4.7 16.8 2520.2 34 Experian 1907.0 +8.5 1922.0 1446.0 1.6 29.3 17496.6 107 Meggitt 557.0 +14.6 558.0 417.1 2.8 12.6 4325.0 23 Sky 1535.0 +79.0 1545.0 900.0 - 32.5 26386.9 43 Ashtead 2355.0 +100.0 2400.0 1571.0 1.2 11.9 11499.9 39 Ferguson 6238.0 +187.0 6246.8 4707.8 1.7 17.6 14460.4 45 Melrose 219.6 +11.5 247.0 198.8 1.5 - 10509.9 76 Smith (DS) 489.9 –22.9 495.9 361.9 2.9 21.2 6700.1 31 Associated British Foods 2464.0 –28.0 3371.0 2389.0 1.7 18.7 19506.8 120 Foreign & Colonial 701.0 +13.0 701.0 595.0 1.5 - 3779.0 197 Mercantile Investment Trust 219.6 +4.1 226.0 193.0 2.7 - 1755.8 42 Smith & Nephew 1345.0 +22.5 1431.0 1215.0 1.7 20.8 11762.7 7 Astra Zeneca 5502.0 +301.0 5502.0 4325.0 3.6 34.8 69691.8 57 Fresnillo 1097.0 –26.5 1672.0 1097.0 2.2 19.5 8083.7 111 Merlin Entertainments 404.7 –3.3 489.4 318.4 1.8 19.7 4136.3 73 Smiths 1735.0 +38.5 1801.0 1444.0 2.5 18.8 6866.5 114 Auto Trader 426.3 +11.1 432.4 319.0 1.3 24.1 4041.4 109 G4S 273.0 +5.1 341.1 238.4 3.5 17.5 4235.9 150 Metro Bank 3316.0 +16.0 4040.0 3182.0 - 259.1 2935.9 171 Smith WH 1967.0 +3.0 2347.0 1664.0 2.5 19.1 2161.7 105 Aveva 2710.0 +224.0 3054.0 1803.0 1.0 58.0 4368.7 200 Genus 2826.0 +108.0 2826.0 1695.0 0.8 26.2 1739.2 90 Micro Focus International 1278.5 +18.0 2739.0 911.8 5.7 9.2 5578.7 63 Smurfit Kappa 3146.0 +52.0 3220.0 2150.0 2.3 20.2 7462.7 32 Aviva 489.6 –6.5 552.0 486.5 5.0 14.1 19416.4 5 Glaxo Smith Kline 1576.0 +28.2 1625.0 1242.8 5.1 75.8 78167.5 194 Millennium & Copthorne Hotels 547.0 +7.0 625.5 431.9 1.2 13.8 1776.5 164 Sophos 505.0 +45.4 669.5 416.0 0.7 - 2389.9 115 Babcock International 798.4 +26.2 866.0 626.2 3.6 12.0 4036.7 12 313.0 –15.9 415.0 311.1 1.6 10.6 45654.8 64 Mondi 2029.0 +13.0 2130.0 1693.0 2.5 16.5 7451.3 143 Spectris 2560.0 +10.0 2908.0 2229.0 2.1 13.1 3027.2 30 BAE Systems 671.4 +29.4 671.4 535.5 3.2 25.1 21439.8 185 Grafton Group Units 810.0 +11.5 841.5 717.5 1.8 15.1 1932.4 189 Monks Investment Trust 850.0 +15.0 858.0 690.0 0.2 - 1855.3 96 Spirax-Sarco 6750.0 +375.0 6750.0 5410.0 1.2 31.6 4968.8 178 Balfour Beatty 288.4 +3.4 311.1 253.5 1.0 12.3 1990.0 195 Greene King 572.2 +18.2 699.5 458.9 5.8 10.2 1773.8 86 Morrison Supermarkets 256.3 +2.3 256.9 204.1 2.2 19.7 6038.4 165 Sports Direct International 430.3 +14.9 430.3 295.9 - 15.4 2310.6 18 Barclays 189.7 +3.2 217.0 178.9 1.6 55.8 32454.3 179 Great Portland Estates 704.0 –5.0 798.7 660.1 1.7 38.7 1982.9 173 National Express 407.0 +1.2 422.2 340.9 3.1 16.7 2082.8 40 SSE 1387.0 –13.0 1481.0 1182.0 6.7 17.1 14080.7 140 SSP 658.0 +9.5 710.4 503.9 1.3 30.5 3053.2 91 Barratt Developments 517.2 +34.2 700.0 483.0 4.7 8.4 5237.8 84 GVC Holdings 1100.0 +50.0 1106.0 748.0 1.4 - 6359.5 21 National Grid 856.6 –19.9 981.5 736.8 5.2 8.0 28754.5 126 BBA Aviation 341.0 –1.0 368.8 292.5 1.9 33.8 3521.0 92 Halma 1367.0 +27.0 1456.0 1075.0 1.0 33.6 5189.7 28 Standard Chartered 671.0 –23.3 849.2 671.0 - 39.0 22171.6 116 Nex Group 1031.0 +19.0 1041.0 558.0 3.0 35.5 3915.1 190 BCA Marketplace 231.0 +6.0 236.0 149.6 2.9 43.6 1842.2 108 Hammerson 535.2 –12.4 595.5 434.4 4.6 10.9 4250.8 85 St James’s Place Capital 1178.5 +7.5 1270.5 1052.0 3.1 43.0 6237.9 56 Next 6106.0 +306.0 6202.0 3655.0 2.6 14.7 8542.3 142 Beazley 575.0 +10.0 619.5 450.0 1.7 31.9 3031.7 47 Hargreaves Lansdown 2057.0 +57.0 2088.0 1279.0 1.4 43.6 9756.7 49 Standard Life Aberdeen 312.6 –4.1 446.3 312.4 6.5 10.6 9313.9 61 NMC Health 3690.0 +226.0 3812.0 2178.0 0.3 55.3 7683.0 123 Bellway 2961.0 +64.0 3792.0 2897.0 4.1 7.5 3641.4 146 Hays 207.6 +22.1 207.6 164.3 1.5 20.0 3013.0 198 Synthomer 516.5 –7.5 556.5 460.0 2.2 23.9 1755.5 67 Ocado 1029.5 +15.5 1111.0 238.7 - - 7185.1 98 Berkeley 3620.0 +43.0 4321.0 3322.0 3.8 6.6 4853.4 156 HICL Infrastructure 144.7 –0.7 163.8 133.5 5.6 - 2589.5 147 Tate & Lyle 640.2 –24.8 710.0 526.0 4.4 11.4 2991.7 183 Page Group 594.5 +23.0 594.5 440.6 2.0 22.5 1949.1 16 BHP Billiton 1650.2 –14.0 1779.2 1288.0 3.7 25.3 34852.2 124 Hikma Pharmaceuticals 1500.5 +31.5 1512.5 855.6 1.6 - 3622.5 87 Taylor Wimpey 176.0 +3.1 211.2 171.5 2.6 10.4 5766.9 68 Pearson 908.8 +22.6 924.8 566.5 4.3 18.2 7094.8 110 B&M European 420.8 +16.3 434.8 339.6 1.5 22.6 4210.4 104 Hiscox 1529.0 +26.0 1534.0 1214.0 1.9 169.9 4396.3 187 Templeton Emerging Markets 707.0 +11.0 825.0 690.0 2.1 - 1866.8 133 Pennon 771.6 –40.8 826.0 583.4 4.8 16.1 3238.8 184 Bodycote 1016.0 +34.5 1052.0 799.5 1.6 19.9 1945.2 136 Homeserve 945.0 +22.0 945.0 705.0 1.7 31.8 3116.7 25 Tesco 255.4 –4.7 261.7 172.8 0.4 21.1 24996.0 59 Persimmon 2482.0 +12.0 2890.0 2362.0 5.4 10.2 7767.6 3 BP 570.8 –8.3 592.8 439.8 5.0 36.3 114060.3 130 Howden Joinery 536.8 –1.0 539.0 399.5 2.0 18.0 3294.2 127 Travis Perkins 1382.5 –5.0 1609.0 1216.0 3.3 15.0 3485.9 186 557.8 +9.2 651.8 397.3 7.5 - 1894.8 4 British American Tobacco 3925.5 +22.0 5485.0 3635.0 5.6 2.2 90040.0 2 HSBC 708.3 +6.0 796.0 662.1 5.1 21.1 141503.9 167 Tritax Big Box REIT 153.4 –2.6 156.9 139.6 4.1 7.8 2260.4 118 Phoenix Group Holdings 678.5 +20.0 679.5 496.2 6.5 - 3868.2 82 British Land 656.4 –7.8 697.0 590.5 4.6 13.5 6443.3 135 IG Group 859.5 –2.5 905.0 554.0 3.8 16.3 3162.0 48 Tui 1641.5 –22.5 1810.5 1148.0 3.5 13.3 9642.0 199 Polar Capital Technology Trust 1308.0 +46.0 1328.0 - - - 1752.8 174 Britvic 784.5 +14.0 825.0 661.5 3.4 19.5 2074.5 137 IMI 1139.0 +61.0 1443.0 1013.0 3.4 21.3 3098.6 134 232.1 +3.3 276.0 147.7 - - 3230.4 149 Polymetal International 656.6 –18.4 956.0 591.0 3.6 11.0 2971.7 29 BT 222.4 –9.1 317.0 202.9 6.9 10.9 22066.3 22 Imperial Brands 2869.0 –21.5 3511.5 2325.0 5.9 22.4 27362.7 175 UDG Healthcare 827.5 –10.0 959.0 742.0 1.1 69.3 2057.9 188 BTG 481.2 –14.8 779.0 475.0 - 123.4 1862.0 129 Inchcape 795.0 +14.5 880.5 670.0 3.1 12.4 3300.3 71 Paddy Power Betfair 8435.0 +150.0 9110.0 6665.0 2.1 33.0 7033.9 9 Unilever 4198.0 –11.0 4548.5 3695.0 3.0 22.0 50529.3 60 Bunzl 2302.0 +39.0 2350.0 1936.0 1.9 24.6 7741.5 172 Indivior 291.2 –81.7 496.2 266.5 - 45.4 2120.2 14 Prudential 1726.0 –36.0 1981.0 1716.5 2.6 18.6 44735.7 169 Unite Group 837.5 +3.5 868.0 654.5 2.3 8.9 2205.9 55 Burberry 2108.0 +38.0 2177.0 1498.0 1.9 30.8 8782.5 44 Informa 859.0 +32.0 859.0 659.5 2.3 22.8 10750.7 93 Randgold Resources 5480.0 –236.0 8190.0 5480.0 2.7 27.5 5171.4 95 United Utilities 734.0 –49.4 934.5 656.0 5.3 14.1 5005.1 162 Capital & Counties Properties 284.7 –5.0 319.9 253.1 0.5 - 2421.1 161 Inmarsat 529.0 +45.2 788.0 336.4 7.4 14.0 2441.7 11 Reckitt Benckiser 6465.0 +58.0 7953.0 5443.0 2.5 13.6 45673.3 168 806.0 –21.8 954.0 632.4 5.1 - 2257.8 153 Capita 168.7 +13.4 680.0 123.2 11.5 - 2814.6 51 Intercontinental Hotels 4880.0 +227.0 4966.0 3668.0 1.5 21.6 9304.7 180 Redrow 535.0 +14.5 664.5 516.0 3.2 6.8 1978.4 159 Victrex 2950.0 +10.0 3108.0 1870.0 1.8 22.0 2540.9 19 Carnival 4318.0 +16.0 5380.0 4215.0 3.1 14.6 31874.1 138 Intermediate Capital 1065.0 –3.0 1203.0 841.0 2.7 12.0 3092.2 17 Relx 1702.5 +47.0 1782.0 1429.5 2.2 20.9 33694.1 10 Vodafone 181.5 –9.5 238.0 181.5 7.2 13.1 48486.8 53 160.1 –3.0 207.3 124.1 7.5 26.7 9036.1 52 Intertek 5762.0 +136.0 5830.0 4230.0 1.1 32.7 9299.5 112 Renishaw 5600.0 +145.0 5775.0 3847.0 0.9 29.6 4076.2 99 Weir 1975.5 +76.5 2325.0 1733.0 2.2 27.0 4793.4 121 Cineworld 273.4 +2.0 670.5 97.9 3.2 37.9 3747.2 41 International Airlines Group 668.2 –1.2 726.6 578.0 3.3 5.9 13532.3 81 Rentokil Initial 349.8 +4.5 355.1 258.7 1.0 9.5 6448.0 65 Whitbread 4000.0 +15.0 4331.0 3512.0 2.4 16.7 7344.5 166 Close Brothers 1509.0 +5.0 1606.0 1316.0 4.0 11.5 2285.2 177 International Public Partnerships 142.4 –2.2 166.6 138.2 4.7 17.0 2001.3 101 Rightmove 5106.0 +30.0 5350.0 3889.0 1.1 32.9 4626.0 158 William Hill 299.2 +1.2 338.0 240.0 4.2 - 2574.9 141 Cobham 128.2 +0.4 148.0 113.4 - 36.6 3049.3 163 Intu Properties 177.6 –11.1 278.5 177.6 7.9 11.8 2405.9 6 4039.5 –31.5 4492.0 3324.0 4.2 11.2 70543.9 182 Witan Investment Trust 1100.0 +14.0 1116.0 995.0 2.0 - 1967.3 46 Coca Cola HBC 2748.0 +181.0 2748.0 2199.0 1.4 26.7 10116.5 122 Investec 545.2 –6.8 648.6 461.4 4.3 10.9 3709.8 132 RIT Capital Partners 2090.0 +30.0 2090.0 1844.0 - - 3261.2 119 Wizz Air Holdings 3694.0 +95.0 3781.0 2531.0 - 19.3 3789.2 24 Compass 1666.0 +75.0 1667.0 1425.0 2.0 23.3 26384.7 70 ITV 175.1 –5.3 180.4 142.4 4.2 17.2 7048.5 33 Rolls-Royce 990.8 +5.2 994.2 814.0 0.5 4.3 18523.8 106 Wood 639.8 +28.8 736.5 521.4 3.9 - 4336.2 192 Computacenter 1598.0 +168.0 1598.0 869.5 1.4 24.0 1824.0 155 IWG 300.9 –4.1 343.0 190.9 1.8 24.5 2743.0 144 Rotork 347.5 +10.0 356.6 223.5 1.5 54.3 3025.0 181 Workspace 1096.0 +28.0 1165.0 855.0 1.9 8.8 1976.8 113 Convatec 206.1 +16.5 313.3 182.0 0.5 34.8 4042.6 148 Jardine Lloyd Thompson 1364.0 +58.0 1448.0 1144.0 2.4 24.9 2987.7 20 Royal Bank Of Scotland 245.7 –2.6 302.4 241.2 - 23.0 29552.4 38 WPP 1245.0 +55.0 1603.0 1094.0 4.8 8.7 15709.0 27 CRH 2691.0 –5.0 2861.0 2338.0 2.2 14.2 22457.5 103 JD Sports 459.9 +10.7 459.9 303.3 0.3 19.3 4475.9 1 A 2645.5 +27.5 2748.5 2050.0 5.1 20.3 220704.1 79 Croda 4933.0 +75.0 4961.0 3675.0 1.5 27.6 6494.0 69 Johnson Matthey 3665.0 +97.0 3823.0 2727.0 2.1 23.6 7093.0 Royal Dutch Shell B 2731.0 +32.5 2841.0 2062.0 4.9 20.9 Price/earnings ratios are based on historic data, with yield and p/e values 151 CYBG 329.0 –15.2 344.4 267.2 0.3 62.1 2915.0 176 Jupiter Fund Management 439.6 –1.7 631.4 437.7 3.9 13.0 2012.1 97 Royal Mail 487.1 –3.9 631.0 369.9 4.8 19.0 4871.0 calculated from the most recent reported dividends and earnings per share, 83 DCC 7155.0 +295.0 7755.0 6475.0 1.6 27.7 6391.0 88 Just Eat 840.4 +20.0 890.0 601.0 - - 5720.6 139 RPC 759.2 +33.8 993.0 648.6 3.4 12.4 3081.4 using trailing 12-month figures. 52-week highs and lows are end of day. 145 Dechra Pharmaceuticals 2950.0 +34.0 2982.0 1664.0 0.7 64.2 3018.7 125 Kaz Minerals 808.4 –2.0 1076.0 584.5 - 10.9 3612.7 77 RSA Insurance 646.6 –2.4 681.8 593.5 2.7 24.8 6639.0 nc = no change Data provided by Morningstar.Any enquiries please contact: 128 Derwent London 3038.0 –58.0 3235.0 2625.0 1.8 10.8 3388.5 78 Kingfisher 308.5 +16.3 362.5 278.8 3.4 14.0 6530.3 75 Sage Group 619.4 +5.8 821.4 598.4 2.5 26.1 6711.5 [email protected]