10 The Sunday Times February 10, 2019 BUSINESS

Liam Kelly LETTERS

56-year-old chairman of before and others got Send your letters, including executive had the audacity to arrangements a business has. Mrs M&S awaits her love sausage housebuilder Taylor Wimpey into a pickle for overcharging SIGNALS full name and address, describe me as a “dangerous For those already using a has been keen to link his the government to tag AND NOISE . . . to: The Sunday Times, threat” to the company. supported package, there is Much derision for Marks & Prufrock wonders name to several recruitment criminals, ushering in a 1 London Bridge Street, Calantzopoulos has likely to be no additional cost. Spencer after the high street whether Rowe, 51, plans to processes, including the dark period for outsourcers. London SE1 9GF. Or email: spearheaded PMI’s drive for For those using spreadsheets, stalwart unveiled a heart- treat the Mrs M&S in his life — chairmanships of John Lewis Beeston knows how tricky [email protected] safer products. That doesn’t bridging products are shaped “love sausage” as a his wife, Jo, an ardent Marks Partnership and the suit hire recruitment can be: he’s on Letters may be edited make him a hypocrite, but a available at about £20 a year. treat for a romantic breakfast shopper — to a love sausage chain Moss Bros. the nominations committee realist. André is an engineer: Our MTD service is live to on Valentine’s Day. on Thursday. He has been at Taylor of the Premier League, careful, methodical, logical. start using. The rules apply Apparently the giant pigs Wimpey since 2010, meaning which has repeatedly failed Philip Morris boss is a He knows if PMI stopped from April, though the in blankets are “lightly that his time is up in July, to find a new chief executive. realist, not a hypocrite making their brands, smokers majority won’t have to do truffled” (a natural Rees-Mogg finds according to new corporate Perhaps he’s just trying to Patience Wheatcroft would simply switch. Even if their first return under MTD aphrodisiac). Cooks are governance rules. help out the headhunters! suggested last week (“Boss, Big Tobacco stopped until early August or later. advised to place a pair of his place in hell Beeston started his career you’d be brilliant as the face production overnight, Theresa Middleton, director of fried eggs in the middle. European Council president at the frozen foods purveyor of our new ad campaign . . .”) nobody believes production Making Tax Digital, HMRC It’s pretty racy for a Donald Tusk caused a stir Bird’s Eye and spent 25 years Bankrupt rapist’s that Philip Morris would not be driven retailer whose boss, Steve when he said there was a at the outsourcing giant International’s new underground into the hands Rowe, once described “special place in hell” Serco, rising through the boat comes in Sinister side of the social advertising campaign could of tax-avoiding criminals. BESTSELLING BOOKS “Mrs M&S” as a 50-year-old reserved for Brexiteers who finance department and You can’t keep a good man network: Bryan Appleyard have been driven only by In case anyone wonders, I woman who shops at her did not have “even a sketch ending up as executive down — and you also can’t reviews Zucked: Waking Up “pandering to boardroom no longer have any The Joy of Work local branch 18 times a year. of a plan” for leaving the EU. chairman. He left in 2009, keep Simon Halabi down. to the Facebook Catastrophe vanity”. She added that PMI connection with PMI or Bruce Daisley He was highly prescient: The bankrupt former — a warning on how and its boss, André André Calantzopoulos. 1 Random House (3,305) Eurosceptic ultra Jacob Rees- billionaire and convicted dangerous it has become by Calantzopoulos, “shrieked Steve Ellis, Chestfield, Shoe Dog Phil Knight JUST SAYING . . . Mogg spent that same FUNNY BUSINESS rapist, who once owned the an early investor hypocrisy” in failing to stop Whitstable 2 Simon & Schuster (2,703) evening in the glowing London headquarters of selling cigarettes. Rich Dad, Poor Dad Calm could be embers of the Marketing JP Morgan and a stake in the CULTURE, PAGE 31 I’m a vehement anti- The taxman is on hand to 3 Robert T Kiyosaki Group’s annual dinner at Shard among other City smoker, and campaigned to help with VAT shake-up Plata (2,632) the Coca-Cola or Claridge’s. Rees-Mogg, 49, properties, has managed ban smoking in public places. In Letters last week, Tony Start With Why 4 Simon Sinek dubbed the honourable a win in the High Court. TWITTER POLL In 1989, I also started working Gardiner wrote that he was Penguin (2,159) McDonald’s or member for the 18th century, His late mother, Intezar as an external consultant with concerned for his business Black Box Thinking Matthew Syed Exxon of the 21st was an unusual choice of Nouri, agreed in 2013 to lend Success Failure PMI, continuing until 2006. ahead of March 29 (“Brexit is 5 John Murray (1,888) speaker for an event that has Isle of Man vehicle Mamimo Throughout those years I bad enough, but a VAT shake- century. We want StrengthsFinder 2.0 previously welcomed Luther II up to $2.5m (£2m) for a challenged their behaviour in up too? Absurd”). 6 Tom Rath Calm to be the actor Idris Elba and Olympic luxury yacht. Halabi, 60, 14% 86% trying to deny that smoking Let me reassure him. Gallup Press (1,722) sailor Sir Ben Ainslie. But my chased Mamimo as the killed and maimed millions. HM Revenue & Customs is The 4-Hour Work Week Timothy Ferriss Nike for the mind mole at the dinner says: “You representative of his Slowly but steadily, PMI conducting the largest 7 Vermilion (1,548) couldn’t him in terms of how mother’s estate for a “breach realised its “positions” on engagement with businesses Who Moved My Cheese? Spencer Johnson he spoke with grace and of the agreement” and its smoking and health were it has ever done ahead of 8 Vermilion (1,544) charm. He had to handle a failure to repay £280,000 untenable and started both Making Tax Digital What They Don’t Teach You at Harvard few hecklers.” that had been drawn down. working towards potentially (MTD) being introduced and Business School 9 Mark H McCormack A judge sided with Halabi viable solutions, known as our exit from the EU. Profile Books (1,462) and awarded him the full Energy prices are set to “reduced risk products”. I We announced that Principles: Life and Work Ray Dalio Michael Acton Smith after Wimpey boss sum, plus interest. soar after regulator Ofgem even suggested they make a postponed accounting for 10Simon & Schuster (1,386) his meditation app became Could this be the start of raised price caps. Has the cigarette-like product that, VAT will apply to all imports the first mental health out to tender an unlikely comeback? government’s policy to instead of a cocktail of deadly in the event of no-deal. Bestseller List prepared by Nielsen company to achieve Will someone give Kevin liam.kelly@ intervene on energy prices chemicals, released nutrition The price of updating to using data supplied by and copyright to Nielsen BookScan, taken from a $1bn valuation Beeston a job? I’m told the sunday-times.co.uk been a success or failure? such as vitamins and MTD-compliant software will the TCM for the four-week period minerals. One senior depend on the existing December 31, 2018-January 27, 2019 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 2.1% 2.3% Penguin into a joint venture the US — its biggest market — USD > GBP Pearson with Random House in 2012, had fallen 5%. Profit guidance 8,000 CPI including housing current rate prev. month Pearson sold a 22% stake in it for the year would have been $1.29 2.0% 2.2% to Bertelsmann for £761m in cut had it not made extra 7,600 V 0.01 Retail prices index current rate prev. month has hard 2017, keeping 25%. savings, the company said. 12-month high: $1.44 low: $1.24 Pearson has sought to The broker Liberum said 7,200 2.7% 3.2% EURO reposition itself as a digital there was “only so much cost- 7,071.18 Average weekly earnings on prev. month on last year lessons EUR > GBP leader in educational cutting you can do to mask 50.96 H:7,903.5 6,800 materials. The share price the underlying problems 0.73% L:6,536.5 £527 V0.2% U3.3% Unemployment current rate prev. month to learn has bounced back, closing facing the business”. The 6,400 €1.14 on Friday at 926.4p, to value shares fell 6% on the update. FTSE 250 W 0.00 2018 12-month high: €1.16 1.37m 4.0% 4.1% When Pearson sold the the company at £7.2bn. Pearson must now prove it low: €1.10 Source: Thomson Reuters Manufacturing output on the year on last month Financial Times to Nikkei Supporters say Pearson has can maintain printed-book YEN in 2015, it was making a cut its net debt from £2bn in revenues while shepherding RISERS FALLERS YEN > USD V0.4% V0.3% statement as well as 2013 to about £200m by the customers into the digital era. Lonmin: 66.1p U 21.6% on maintaining Petrofac: 394p V 28.2% on bribery charges for ex-manager Tui: 913.4p Retail sales on the year on last month banking a trophy price. After end of last year. The trends are challenging. sales guidance RPS: 162.8p U 16.8% on Australian M&A Nanoco: 50.1p V 21.4% on stalling earnings Thomas ¥109.74 58 years of ownership, the The market seems to agree Students are increasingly U 12.7% on sentiment CYBG: 192.5p Cook: 29p V 16.2% on airline sale plans U3.0% V0.9% 18,652.88 U 0.26 Nostrum Oil & Gas: 114.6p V 15.2% company was removing the that the company’s fortunes getting books when needed 158.49 H:21,371.5 U 9.8% on reassuring trading 12-month high: ¥114.54 statement : 194p U 9.6% on on continuing woes TI Fluid Systems: low: ¥104.55 last vestige of its history as a are improving. Pearson was rather than at the start of 0.84% L:17,054.7 sentiment 170.7p V 12.9% on sentiment UK trade latest 3 mths prev. 3 mths latest 12 mths conglomerate and turning the fifth best-performing each academic year. Also, OIL balance (£bn) -7.9 -8.2 -28.6 its back on newspapers: FTSE 100 stock last year, up Pearson is vulnerable to cuts DOLLARS/BARREL DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change education was the future. more than 27%. in education funding, often 25,106.33 27,946.32 1,410.40 product However, since the £844m So can Pearson continue dependent on political will. $62.10 U0.6% U0.4% U1.5% 42.44 H:26,951.8 15.58 H:31,978.1 3.84 H:1,560.3 sale, Pearson has lost nearly to deliver in 2019? The early The shares have stabilised V 0.65 Budget deficit latest month prev. month year-to-date 0.17% L:21,712.5 0.06% L:24,540.6 0.27% L:1,291.0 12-month high: $86.74 (PSNB) in £bn 25% of its value. First it signs are not good. Just two since their January blip and low: $49.93 -3.0 -7.1 -35.9 blamed lower enrolments at weeks in, Pearson revealed Pearson is trading on a NASDAQ SHANGHAI SENSEX GOLD some American colleges and higher-education revenues in forward price/earnings ratio 7,298.20 2,618.23 (Closed) 36,546.48 DOLLARS/TROY OZ a fall in textbook purchases in of 15.7, similar to those of 34.33 H:8,133.3 0.00 H:3,336.0 77.05 H:38,989.7 South Africa. Then there was Pearson rivals Axel Springer and Relx. 0.47% L:6,190.2 0.00% L:2,440.9 0.21% L:32,483.8 $1,314.26 10-YEAR BOND YIELDS % more bad news: students Barclays has an 830p target V 3.68 were buying second-hand £10 on the stock, while Citigroup S&P 500 CAC 40 ALL ORDS 12-month high: $1,358.84 variation 12 months books on eBay and Amazon. has 975p. There may be a 2,707.88 4,961.64 6,136.20 low: $1,179.16 high low 1.35 H:2,940.9 200.90 H:6,481.3 In 2017 Pearson was small uplift in the months 57.62 H:5,657.4 BITCOIN UK 1.15 V 0.11 1.79 1.10 forced to cut its dividend, 8 ahead, but unless Pearson 0.05% L:2,346.6 1.15% L:4,556.0 3.38% L:5,478.4 DOLLARS slash 3,000 jobs and plan improves its earnings without NIKKEI DAX S&P TSX US 2.63 V 0.05 3.26 2.54 £330m of savings by 2021. relying on cost-cutting, it may $3,477.53 20,333.17 10,906.78 15,633.33 JAPAN -0.03 0.02 0.17 -0.05 Shares hit a low of 568.5p in 6 be some time before there is V 125.18 V 455.22 H:24,448.1 273.88 H:13,204.3 127.02 H:16,586.5 2018 12-month high: $11,767.58 September that year. any real uplift. Hold. 2.19% L:18,948.6 2.45% L:10,279.2 0.82% L:13,776.9 low: $3,167.82 0.09 V 0.03 0.80 0.08 Having put the publisher Source: Thomson Reuters @sabahmeddings Price at 5pm Saturday

TOP 200 COMPANIES

Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Rank by Market cap Price Change 52-week Mkt Cap Yield P/E Yield P/E Yield P/E Yield P/E on week high low (£m) on week high low (£m) on week high low (£m) on week high low (£m) 42 3i Group 904.8 +34.6 1029.5 756.2 4.1 - 8863.5 150 2330.0 –14.0 3168.0 2014.0 1.0 62.9 2389.8 131 Kaz Minerals 618.0 –1.0 1076.0 436.7 - 6.7 2908.3 80 RSA Insurance 529.0 +13.2 681.8 496.6 3.7 18.0 5432.6 160 265.8 +0.3 272.5 203.0 3.1 - 2163.9 110 3250.0 –6.0 3282.0 2761.0 1.8 12.0 3625.1 93 Kingfisher 223.6 –1.9 362.5 205.4 4.8 12.1 4718.2 59 Sage Group 641.6 +14.8 706.0 525.6 2.5 23.7 6966.1 71 Admiral 2140.0 +26.0 2155.0 1843.0 2.5 18.3 6216.8 9 Diageo 2982.0 +80.5 2982.0 2354.5 2.2 24.9 72085.8 66 Land Securities 877.8 +12.8 989.5 791.8 5.2 - 6508.5 67 Sainsbury, J 291.9 +5.0 341.5 225.3 3.5 25.0 6429.5 175 717.2 +12.0 882.0 641.8 3.8 16.9 1836.9 92 Direct Line Insurance 343.3 –0.3 393.2 304.9 5.9 12.2 4720.4 34 Legal & General 261.2 –0.1 286.2 223.7 5.9 9.6 15569.7 57 Schroders 2591.0 –59.0 3488.0 2334.0 4.4 11.8 7025.3 147 729.0 +1.0 785.0 672.0 1.8 - 2429.3 200 Drax 398.0 –5.4 427.2 221.4 3.1 - 1510.4 13 Lloyds Banking Group 56.9 –1.3 69.7 50.0 5.5 10.2 40482.7 58 Schroders N/V 2070.0 –30.0 2720.0 2000.0 5.5 9.4 7025.3 21 Anglo American 1934.8 –50.4 1985.2 1464.6 4.0 10.8 27182.4 86 easyJet 1281.5 +9.5 1796.0 1051.5 3.2 14.2 5090.2 33 4576.0 –4.0 4794.0 3837.0 1.1 26.9 15932.2 56 Scottish Mortgage 482.8 –2.0 568.3 420.6 0.6 - 7098.6 44 Antofagasta 871.4 –12.0 1149.0 727.2 0.9 17.4 8590.8 146 561.2 +18.4 761.6 480.0 2.4 15.1 2490.7 158 Man 140.5 –5.5 196.3 126.8 5.7 11.5 2178.6 64 Segro 649.6 +3.6 679.0 551.8 2.6 5.8 6583.7 196 387.2 –0.8 465.0 349.4 1.5 79.0 1552.3 176 Entertainment One 392.6 –5.8 447.6 268.0 0.4 78.5 1819.9 96 Marks & Spencer 285.0 –5.9 314.5 242.4 6.6 158.3 4631.1 95 Severn Trent 1985.0 –14.0 2088.0 1703.0 4.4 18.1 4707.7 132 Ashmore 405.4 –1.6 420.2 337.0 4.1 19.0 2889.4 54 Evraz 517.6 +10.0 584.0 333.1 10.7 5.7 7470.8 155 306.0 –10.1 706.4 303.7 2.6 - 2255.7 141 Shaftesbury 871.0 –8.0 1015.0 817.0 1.9 15.0 2677.3 41 Ashtead 1928.5 –38.5 2438.0 1586.5 1.7 8.6 9158.7 29 Experian 1978.0 +23.5 2004.0 1508.0 1.7 29.7 18000.7 104 532.4 +6.8 572.0 417.1 3.0 14.6 4136.1 98 Smith (DS) 328.8 –11.1 513.4 292.2 4.4 14.0 4502.8 28 Associated British Foods 2300.0 –115.0 2836.0 2041.0 1.8 18.0 18208.5 109 F&C Investment Trust 673.0 –1.0 741.0 612.0 1.6 - 3659.0 53 Melrose 156.8 –18.1 247.0 146.3 2.7 - 7615.3 35 Smith & Nephew 1515.0 +83.0 1545.0 1227.0 1.8 24.4 13268.8 144 Lagonda 1125.0 –122.6 1810.0 1125.0 - - 2565.0 37 Ferguson 5262.0 +99.0 6556.0 4749.0 2.3 20.3 12206.2 111 Merlin Entertainments 350.0 +3.9 410.5 307.1 2.1 17.4 3577.2 73 Smiths 1464.5 –3.5 1801.0 1279.5 3.0 21.2 5798.6 8 Astra Zeneca 5696.0 +115.0 6317.0 4712.5 3.7 38.8 72174.1 197 263.6 +1.5 316.1 143.5 1.9 6.2 1551.6 69 International 1519.5 +48.5 2118.0 911.8 4.8 10.9 6304.7 164 Smith WH 1980.0 +36.0 2124.0 1697.0 2.5 20.2 2141.3 101 Auto Trader 453.2 –2.7 466.3 334.8 1.3 24.1 4241.5 60 Fresnillo 942.2 –28.2 1400.0 746.4 3.2 19.0 6943.0 195 Millennium & Copthorne Hotels 478.0 –12.0 575.0 459.0 1.4 19.5 1552.5 85 Smurfit Kappa 2148.0 –64.0 3292.0 1934.0 3.6 10.8 5095.3 94 Aveva 2924.0 +200.0 2978.0 1803.0 0.9 80.9 4716.0 124 200.4 –1.6 282.0 175.9 4.8 16.3 3109.4 62 Mondi 1803.5 –49.5 2236.0 1584.0 3.0 14.7 6623.2 189 Sophos 334.4 +2.8 639.0 310.2 1.1 - 1607.0 32 Aviva 417.9 –2.3 552.0 364.6 6.6 15.1 16309.9 6 Glaxo Smith Kline 1564.8 +81.4 1621.6 1273.8 5.1 41.8 77691.1 185 Moneysupermarket 310.0 +4.0 328.8 256.9 3.4 20.8 1662.6 129 2570.0 –45.0 2908.0 1966.5 2.2 10.6 2969.8 142 519.0 –16.2 862.4 472.8 5.7 10.9 2624.1 12 Glencore 292.0 –14.1 404.5 269.0 3.5 9.2 40728.5 182 788.0 –5.0 872.0 710.0 0.2 - 1718.4 91 Spirax-Sarco 6510.0 +80.0 7345.0 5410.0 1.3 27.6 4792.1 31 BAE Systems 520.2 +3.8 676.4 445.5 4.2 22.0 16626.2 180 Units 722.5 –14.5 841.5 630.0 2.2 12.4 1723.7 74 Morrison Supermarkets 241.8 +6.9 269.4 204.1 2.5 23.9 5725.3 38 SSE 1171.0 –9.5 1440.5 1032.5 8.1 42.1 12020.8 125 SSP 658.1 –12.6 742.7 613.7 1.5 26.9 3073.3 170 275.0 –1.0 311.1 230.6 1.3 8.8 1897.5 174 Greene King 595.8 –1.4 642.6 458.9 5.6 11.8 1847.0 199 Murray International Trust 1180.0 nc 1250.0 1056.0 4.4 - 1516.7 22 Barclays 155.9 –2.7 217.0 146.1 2.9 48.0 26719.5 190 1573.0 +27.0 1606.0 942.0 2.0 26.5 1591.2 26 Standard Chartered 618.0 –3.8 839.0 519.8 1.4 23.8 20449.3 169 383.0 –7.4 422.2 344.6 3.5 14.3 1960.0 76 Barratt Developments 563.0 +15.2 586.0 434.0 4.7 7.9 5710.3 165 743.5 +13.1 794.6 652.3 1.6 32.8 2047.5 89 St James’s Place Capital 923.4 –24.2 1240.5 914.0 4.6 32.2 4889.1 19 National Grid 842.2 +8.6 887.8 736.8 5.4 8.6 28719.9 149 BBA Aviation 231.6 –5.6 350.0 207.0 3.2 26.0 2391.7 107 GVC Holdings 647.5 –17.0 1170.0 629.5 4.6 25.3 3767.6 72 Standard Life Aberdeen 244.4 –10.9 455.8 224.9 10.0 7.4 6134.7 61 Next 4853.0 –8.0 6202.0 3991.0 3.3 11.4 6692.6 191 BCA Marketplace 201.5 –0.5 242.0 149.6 4.2 24.6 1580.4 77 Halma 1477.0 +55.0 1504.0 1146.0 1.0 33.5 5607.4 116 Tate & Lyle 693.0 +3.0 720.6 526.0 4.1 14.7 3239.9 81 NMC Health 2592.0 +12.0 4120.0 2536.0 0.5 33.1 5396.8 140 Beazley 508.5 +15.9 619.5 492.6 2.3 77.2 2683.7 134 374.0 +1.0 570.0 322.4 6.8 19.0 2865.9 82 Taylor Wimpey 164.4 –3.3 205.0 129.3 2.9 8.5 5391.6 68 Ocado 904.4 –87.0 1146.0 462.5 - - 6315.6 113 2794.0 –113.0 3433.0 2419.0 4.7 6.6 3438.2 50 Hargreaves Lansdown 1633.5 –35.0 2270.0 1629.5 2.0 32.2 7748.0 171 Templeton Emerging Markets 748.0 –2.0 794.0 649.0 2.0 - 1897.1 55 Pearson 926.4 +6.0 1027.5 653.0 1.8 12.2 7239.0 88 Berkeley 3797.0 –8.0 4321.0 3226.0 2.4 7.9 4898.7 157 Hays 150.7 –4.1 212.0 135.7 2.2 13.3 2195.9 25 Tesco 224.2 +2.2 266.2 189.6 1.3 19.8 21957.0 119 Pennon 762.2 –6.0 812.4 583.4 5.1 14.8 3204.6 5 BHP 1703.0 –17.4 1779.2 1373.8 4.3 18.0 90659.6 130 HICL Infrastructure 164.3 +0.7 166.0 133.5 4.9 - 2940.3 178 TP Icap 313.3 –5.5 547.8 259.7 5.4 40.7 1764.9 145 Pershing Square Holdings 1205.3 +20.1 1205.3 938.0 - - 2544.6 193 934.5 –17.5 984.0 818.0 3.3 12.7 1557.5 105 Hikma Pharmaceuticals 1690.0 +47.5 2025.0 855.6 1.5 - 4080.6 126 1216.5 –10.0 1475.5 970.0 3.7 13.2 3067.3 52 Persimmon 2399.0 –12.0 2880.0 1859.5 9.8 9.3 7618.8 122 B&M European 317.7 –9.3 434.8 278.6 2.3 15.1 3178.8 100 1493.0 +73.0 1711.0 1362.0 1.9 89.3 4296.7 166 Tritax Big Box Reit 138.5 –0.6 155.7 129.0 4.6 6.9 2040.9 97 Phoenix Group Holdings 631.2 –2.8 714.5 504.5 7.2 61.6 4552.2 3 BP 544.0 +22.5 598.3 459.8 5.7 16.5 110218.5 121 958.0 +3.0 1041.0 705.0 2.0 32.7 3179.9 83 Tui 913.4 –248.1 1810.5 913.4 6.3 8.7 5369.9 172 1647.0 +74.0 2040.0 1041.0 4.8 6.7 1872.3 10 British American Tobacco 2689.0 –21.0 4493.0 2375.0 7.3 1.5 61679.5 128 Howden Joinery 493.5 –10.9 539.0 416.4 2.2 16.2 3003.9 135 202.0 –5.5 276.0 165.1 - 15.4 2815.1 187 Polar Capital Technology Trust 1210.0 +6.0 1386.0 1060.0 - - 1619.3 79 British Land 575.2 +4.2 697.0 523.0 5.3 28.2 5499.0 2 HSBC 641.9 +2.9 760.8 600.8 6.0 15.7 128612.2 198 UDG Healthcare 610.5 +20.0 940.0 558.5 1.8 523.6 1518.4 148 912.5 +21.5 915.5 661.5 3.0 20.7 2420.2 156 IG Group 610.0 –25.0 954.5 534.0 7.1 10.8 2249.9 106 Polymetal International 846.2 –14.8 868.2 591.0 3.9 12.0 3971.8 4 Unilever 4176.5 +111.5 4486.0 3695.0 3.1 21.7 109182.1 24 BT 227.9 –2.0 264.6 202.9 6.8 10.0 22619.0 143 IMI 949.0 –31.5 1264.0 870.0 4.2 17.6 2582.2 87 Paddy Power Betfair 6375.0 –5.0 9110.0 6010.0 3.1 24.8 4999.9 153 Unite Group 895.0 –10.0 926.0 760.5 2.5 8.1 2358.6 117 BTG 835.5 +0.5 853.0 475.0 - 142.1 3235.2 23 Imperial Brands 2537.5 –21.5 2987.5 2310.0 6.9 17.7 24277.2 14 Prudential 1478.0 –34.5 1954.5 1340.0 3.2 16.9 38326.5 78 United Utilities 820.6 –15.6 836.2 656.0 4.8 15.2 5595.6 46 Bunzl 2454.0 +20.0 2476.0 1936.0 1.9 24.8 8256.2 151 Inchcape 575.0 –7.5 799.0 486.6 4.7 9.9 2387.0 181 QinetiQ 302.8 +3.9 305.7 196.6 2.1 13.9 1719.8 192 Vesuvius 575.0 +0.5 662.0 473.2 3.1 25.6 1559.5 51 Burberry 1869.0 +37.5 2325.0 1498.0 2.2 23.8 7689.0 45 Informa 680.0 –2.8 859.0 605.8 3.0 20.0 8512.2 154 Quilter 121.2 –3.0 154.7 110.6 - - 2306.3 168 2306.0 +20.0 3408.0 2172.0 2.4 18.0 1987.8 186 2980.0 –5.0 3015.0 2625.0 1.9 - 1636.7 184 Inmarsat 370.2 +2.0 632.2 336.4 4.1 17.2 1712.6 11 Reckitt Benckiser 5918.0 +44.0 7155.0 5443.0 2.8 12.1 41870.0 15 Vodafone 138.7 –0.2 213.9 135.1 9.7 - 37055.9 161 Capital & Counties Properties 253.7 +3.0 308.9 226.3 0.6 - 2158.5 48 Intercontinental Hotels 4419.5 +53.5 5227.4 4155.8 1.8 18.3 8009.5 163 Redrow 582.5 –7.5 647.0 460.8 4.8 6.7 2154.1 108 Weir 1445.5 –80.0 2325.0 1240.0 3.0 20.0 3751.1 173 112.0 –4.8 200.2 102.2 6.0 - 1868.6 133 Intermediate Capital 987.5 –38.5 1203.0 899.0 3.0 9.9 2867.2 16 Relx 1721.0 +19.5 1741.5 1429.5 2.3 21.0 33814.4 43 Whitbread 4843.0 –48.0 4965.0 3617.0 2.1 20.3 8818.3 17 Carnival 4230.0 –94.0 5000.0 3659.0 3.6 12.2 30353.4 47 Intertek 5050.0 +172.0 6014.0 4387.0 1.4 28.5 8150.4 120 Renishaw 4386.0 –70.0 5685.0 3670.0 1.4 24.9 3192.1 194 William Hill 177.9 –2.2 336.1 151.9 7.4 - 1555.4 49 136.2 +0.5 163.6 124.8 8.8 14.5 7759.1 36 International Airlines Group 655.0 +1.8 726.6 557.0 3.7 5.3 12990.7 65 Rentokil Initial 353.1 +12.7 357.4 258.7 1.1 35.1 6508.8 177 1006.0 –6.0 1138.0 948.0 2.5 - 1791.1 112 256.0 –5.0 323.6 222.0 2.2 26.8 3510.2 159 International Public Partnerships 154.2 –0.2 161.4 138.2 4.4 18.9 2171.5 102 Rightmove 469.8 –6.2 535.0 418.0 1.2 28.2 4193.2 123 Holdings 3056.0 –46.0 3797.0 2329.0 - 15.5 3135.1 162 Close Brothers 1426.0 –38.0 1660.0 1398.0 4.3 10.6 2157.8 188 Intu Properties 118.7 +1.6 219.6 106.8 11.8 - 1607.8 7 Rio Tinto 4265.0 +35.0 4492.0 3486.0 5.1 8.8 72675.9 114 Wood 499.7 –46.7 796.4 489.4 1.7 - 3405.6 139 Cobham 112.7 +4.2 133.7 96.8 - 11.9 2693.5 115 477.9 –16.2 648.6 423.4 5.0 9.2 3259.9 127 RIT Capital Partners 1954.0 –12.0 2130.0 1844.0 - - 3035.6 183 Workspace 950.5 +0.5 1165.0 789.5 2.9 10.9 1714.5 40 Coca Cola HBC 2620.0 –15.0 2801.0 2216.0 1.8 24.1 9582.4 84 ITV 130.6 –1.1 180.4 122.8 6.0 12.6 5259.2 30 Rolls-Royce 901.6 +1.6 1094.0 759.2 1.3 8.0 17092.1 39 WPP 802.8 –74.2 1471.0 800.4 7.5 5.4 10129.9 20 Compass 1749.0 +117.0 1758.0 1440.0 2.0 24.6 27740.4 167 IWG 222.2 –2.2 326.8 199.8 2.6 21.8 1987.8 152 272.9 –5.6 361.4 235.7 2.0 40.1 2379.0 136 Convatec 142.0 –0.3 239.0 133.1 3.0 15.6 2791.9 103 Jardine Lloyd Thompson 1906.0 +2.0 1912.0 1212.0 1.8 37.4 4174.9 18 Royal Bank Of 239.1 –4.8 296.0 203.0 0.8 38.5 28808.4 Price/earnings ratios are based on historic data, with yield and p/e values 27 CRH 2306.0 +56.0 2857.0 1971.5 2.6 12.0 18743.9 99 JD Sports 448.4 –8.9 521.4 318.5 0.4 17.4 4364.0 1 Royal Dutch Shell A 2414.0 +30.0 2748.5 2175.5 6.0 12.2 197805.5 calculated from the most recent reported dividends and earnings per share, 63 Croda 5012.0 +70.0 5318.0 4273.0 1.6 27.2 6598.0 179 John Laing 355.0 +2.2 358.6 239.9 1.6 5.9 1742.2 Royal Dutch Shell B 2443.0 +58.5 2841.0 2201.5 5.9 12.4 using trailing 12-month figures. 52-week highs and lows are end of day. 137 CYBG 192.5 +17.2 364.2 173.9 0.5 - 2750.2 75 Johnson Matthey 2954.0 –91.0 3823.0 2620.0 2.7 17.1 5717.0 138 Royal Mail 271.3 –5.5 631.0 260.8 8.9 29.5 2713.0 nc = no change Data provided by Morningstar.Any enquiries please contact: 70 DCC 6410.0 +110.0 7565.0 5555.0 1.9 23.8 6297.8 90 Just Eat 704.0 –1.4 890.0 533.8 - - 4794.8 118 RPC 793.0 nc 835.0 632.2 3.5 12.8 3223.3 [email protected]