Smith’s update
may make for a
tough read over
high street woes
With a bank holiday and the
usual late-summer
quietness, scheduled
corporate news for the
coming week is fairly thin
on the ground.
Today
No notable UK companies
reporting (bank holiday).
Economics
Durable goods orders (US)
Tomorrow
Interim results
Bunzl, Polymetal, Raven
Property
Economics
UK finance loans for
housing, consumer
confidence (US)
Wednesday
There’s not long to go until
the anniversary of WH
Smith’s £155m takeover of
InMotion, an airport retail
rival, that has increasingly
become a cornerstone of the
unloved (if a series of
“accolades” as the UK’s
worst retailer are anything
to go by) high street
perennial’s operations. As
Hargreaves Lansdown’s
Laith Khalaf points out, “it’s
the strong travel business
that holds the attraction for
investors”. The high street
shops are increasingly
struggling amid the usual
smorgasbord of bricks-and-
mortar worries, so more
details on store closures
could arrive.
Interim results
Arix Bioscience, Diploma,
Headlam, James Fisher &
Sons, PetrofacTrading statement
WH SmithEconomics
BRC shop price index,
Nationwide house price
indexThursday
Haulage firm Eddie Stobart
had been due to report
half-year results today,
but has pushed the date
back to an expected date of
“early September” after its
shares were suspended on
Friday.Full-year results
HaysInterim results
Chesnara, Hunting, the Gym
Group, Knot OffshoreTrading statement
Amigo, McColl’s RetailEconomics
GDP (US), trade balance (US)Friday
Healthcare software and
solutions company EMIS
will issue its half-year
results. The company
recently shed its Specialist
and Care business, a
non-core part of its
operations that gives it more
cash to play with. Despite
the benefits of a close
relationship with the NHS,
EMIS’s leadership is seeking
to diversify its operation to
include more private sector
work, and investors will be
watching closely to see
evidence of how that shift is
going.Interim results
EMIS GroupEconomics
GfK consumer confidence
(UK), consumer credit (UK),
mortgage approvals (UK),
UoM sentiment (US),
personal income and
spending (US), inflation
(eurozone)Half-year results
from healthcare
firm EMIS will also
be watched closely
WH Smith’s high street shops are struggling, say analysts
louis
ashworth
week
ahead
uis
hworth
ek
eadGovernment Securities
Amount Flat Rmd
Issued £m Stock Price Yield Yield24072.0 Trea s 8% 21 113.46 7.05 0.40
35076.5 Treas 5% 25 125.29 3.99 0.37
19027.7 Treas 6% 28 150.33 3.99 0.45
35440.5 Treas 4¼% 32 143.22 2.97 0.71
29761.9 Treas 4¼% 36 151.80 2.80 0.88
25201.4 Trea s 4¾ % 38 166.82 2.85 0.95Index Linked Securities6579.0 Treas 2½% IL 20 355.23 0.70 0.00
6821.2 Treas 2½% IL 24 375.21 0.67 0.00
4841.2 Treas 4⅛% IL 30 397.03 1.04 0.00
9084.0 Treas 2% IL 35 307.12 0.65 0.00The share prices, price-earnings ratios and dividend yields
below are supplied by Interactive Data (Europe) Ltd. The
yields are calculated using historic dividend payments divided
by the closing share price multiplied by 100.Aerospace & defence
Mkt Cap
(£m) Stock Price Cvr Yld2516.9 Babcock Intl ● 497¾ 1.3 6.0
17337.0 BAE Systems 541¼ 1.4 4.2
3875.8 Cobham ● 162⅛ 7.8 0.2
1613.0 QinetiQ ● 284 3.0 2.3
14400.0 Rolls‑Royce 750 -11.0 1.6
843.0 Senior ● 201 1.6 3.7
1531.9 Ultra ● 2162 0.8 2.4Banks23808.0 Barclays 138 1.0 6.5
1945.4 Close Bros ● 1285 2.1 5.0
118588.0 HSBC 586⅜ 1.2 7.1
35093.6 Lloyds Bk Gp 50 1.7 6.5
22120.9 Ryl Bk Scot 183 0.8 9.6
51437.5 Santander 316¾ 2.1 5.3
245.7 Secure Trust Bk 1330 1.8 6.3
19725.8 Standard Ch 614⅜ 0.8 2.9Beverages80899.7 Diageo 3418 1.9 2.0
471.0 Stock Spirits 235½ 2.0 3.2Chemicals5892.5 Croda 4580 2.1 1.9
5430.6 Johnson Mat 2806 2.5 3.0
1689.9 Victrex ● 1955 2.2 3.0Construction31.3 Alumasc 86½ 1.6 8.5
1466.4 Balfour Beatty ● 212⅝ 3.7 2.5
6474.0 Barratt Dev 636 2.4 4.3
3558.3 Bellway ● 2889 2.9 5.0
4990.9 Berkeley Grp 3969 17.7 0.7
314.3 Boot H 236 3.0 4.0
163.2 Costain 151¼ 2.2 9.1
909.5 Crest Nicholson ● 354 1.7 9.3
21073.3 CRH 2644 4.2 2.5
1704.8 Grafton Gp ● 717 3.5 2.5
543.9 Morgan Sindall 1196 2.7 4.6
55.4 NMCN 532½ 2.3 3.9
6082.3 Persimmon 1909½ 1.2 12.3
1993.4 Redrow ● 566 2.4 5.4
4824.6 Taylor Wimpey 147⅛ 2.6 5.2Electricals112.4 Dialight 345½ —
344.5 discoverIE Grp 427 2.1 2.2
7439.1 Halma 1959½ 2.9 0.8
2591.3 Renishaw ● 3560 2.1 1.7
448.2 XP Power 2330 1.8 3.7Electricity1058.0 Drax Group ● 267 0.3 5.6
29688.1 Nat Grid 853 0.9 5.5
11478.9 SSE 1124 1.4 8.7Engineering / Industrial1331.6 Bodycote ● 695½ 2.8 2.8
168.9 Castings 387 1.7 3.8
1055.3 Coats Group ● 73⅛ 1.6 1.9
115.6 Cropper J 1210 1.8 1.1
252.7 Goodwin 3510 1.7 2.7
2609.5 IMI ● 959 1.5 4.3
32478.6 Jardine Mthsn 4399⅜ 0.0 3.2
46.2 Low&Bonar 6¾ —
8050.1 Melrose Ind 165¾ -2.6 2.8
7654.8 Mondi 1576½ 2.1 4.7
189.7 Severfield 62 2.4 4.5
6270.0 Smiths Gp 1583½ 1.6 2.8
4447.9 Smith (DS) 324¼ 1.3 5.0
5732.7 Smurfit Kappa 2412 -2.7 3.8
5797.0 Spirax 7875 2.9 1.3
498.2 Vitec 1100 2.0 3.4
3507.2 Weir ● 1351 0.2 3.5Food producers18034.3 Ass Brit Fds 2278 3.3 2.0
9686.5 Coca‑Cola HBC 2668 2.1 1.9
1388.0 Cranswick ● 2676 2.4 2.1
790.1 Hilton Food ● 967 1.9 2.2
53.7 REA Hldgs 132½ —
58502.4 Unilever 5010 2.3 2.8Gas & Water3812.6 Centrica 65½ 0.7 7.6
3057.7 Pennon Gp ● 727 1.2 5.6
4828.8 Severn Trent 2030 1.4 4.6
5367.8 Utd Utilities 787¼ 1.3 5.2General financial3321.4 Ashmore ● 466 1.4 3.6
907.6 Brewin D ● 299⅜ 1.0 5.5
137.3 Charles Stanley 270 2.0 3.2
8959.9 Hargreaves L 1889 1.2 2.2
2012.0 IG Group ● 544⅝ 1.0 7.9
3923.0 Intermediate C ● 1351 1.4 3.3
2863.7 Investec ● 411⅜ 2.1 6.0
611.1 IP Group ● 57¾ —
385.9 Liontrust 758 1.2 3.6
12.0 Lon. Fin. & Inv. 38½ 0.5 3.0
23891.7 Lon Stock Ex 6832 2.2 0.9
2588.7 Man Group ● 168⅞ 1.8 4.7
457.9 Oakley Capital 224 2.0
1107.8 Paragon ● 427 2.7 4.9
965.9 Provident Fin ● 381¼ 1.3 5.0
2393.0 Quilter ● 125¾ 5.2 4.1
1290.1 Rathbone Bros ● 2300 1.3 2.9
247.3 S & U 2050 2.0 5.8
5962.5 Schroders 2638 1.6 4.3Healthcare3489.0 ConvaTec Grp ● 176½ 2.0 2.6
4503.2 NMC Health 2157 5.4 0.8
2349.6 Mediclinic Int ● 318¾ -2.6 2.5
16904.8 Smith & Nep 1933 2.1 1.5Household goods8784.8 Burberry 2135 1.9 2.0
109.1 McBride 59¾ 0.4 7.2
881.0 PZ Cussons ● 205½ 0.8 4.0
43295.1 Reckitt Benck 6106 1.8 2.8
328.0 Superdry 400 -10.5 2.9Information technology379.1 Aptitude Sftwre 600 3.6 1.0
6216.5 Aveva Group 3852 0.5 1.1
30.4 BSD Crown 23½ —
54.6 CML Micro 320 2.0 2.4
5328.9 Micro Focus Intl 1569¼ 1.1 9.1
7472.2 Sage Gp 687⅝ 1.6 2.4
1091.3 Spirent ● 178⅜ 2.0 2.1Insurance6275.8 Admiral 2157 1.2 5.2
14155.7 Aviva 361⅜ 1.3 8.4
3127.3 Beazley ● 590½ 0.8 2.0
3955.9 DirectLineIns 287¾ 1.6 7.4
4555.2 Hiscox 1580 1.0 2.2
1419.7 Lancashire Hldg ● 703 1.3 1.7
13223.3 Legal & General 221¾ 1.8 7.6
4614.4 Phoenix 639⅝ 1.4 7.3
35422.4 Prudential 1362½ 2.3 3.7
5477.3 RSA 531 1.5 4.0
4963.6 St James Place 933 0.7 5.2
5789.5 StndrdLifeAber 240¾ 1.3 9.0Investment trusts
Mkt Cap
(m) Stock Price NAV Yld10572.0 3i 1086½ 3.2
2427.2 3i Infrastructure ● 299½ 3.1
352.4 Aberdeen Diversified 108 4.9
278.8 Aberdeen New India 472 —
173.5 Aberdeen Std Eq Inc 353 5.7
2596.8 Alliance Trust ● 787 1.7
579.9 Allianz Tech Trust 1658 —
813.7 AVI Global Trust ● 735 1.8
1130.4 Bankers Invstmt Tst ● 922* 2.3
364.1 Biotech Growth 782 —
77.3 BlackRock Enrgy&Res 67½ 5.9
324.9 BlckRock FroInv 135 4.3
326.4 BlckRck Grt Euro 385 1.5
44.6 BlckRck Inc&Grth Inv 194* 3.6
176.1 BlackRock Latin 448½ 5.9
145.6 BlckRck NrthAmerInc 189¾* 4.2
678.0 BlackRock Small ● 1416 2.2
420.5 BlkRk Throg Tst 575* 1.7
611.8 BlackRock Wld M 347 5.8
314.0 BMO Cap & Inc 305½ 3.7
868.1 BMO ComProp ● 108⅝* 5.5
824.9 BMO Glob SmCo ● 1346 1.2
73.3 BMO Mgd G 207 —
59.3 BMO Mgd I 134½ 4.4
265.4 BMO Priv Eq Ord 359 4.1
209.4 BMO Real Est Inv 87 5.7
78.1 BMO UKHighIncTst 90½ 5.8
353.1 Brunner 827* 2.4
1688.9 Caledonia ● 3050 1.9
187.0 City Merchants HY 190½ 5.2
1533.6 City of Lon ● 403* 4.6
56.4 CQS Nat Res G & I 84¼* 6.6
73.5 Dunedin Ent 356 21.6
1040.7 Edinburgh Inv Tr ● 548 5.1
581.9 Edin Worldwide 193 —
132.1 ElectraPrivEq 345 121.4
127.2 EP Global Opp 305 2.1
367.1 European Assets 102 6.1
306.7 The Europ InvTr 762 3.6
3768.6 F&C Inv Trust ● 694 1.6
313.8 Fidelity Asian V 434 1.3
1158.6 Fidlty Chna Sp Sits ● 211 1.8
1014.3 Fidelity Euro V ● 246½ 3.6
205.4 Fidelity Japan Tst 153¼ —
704.2 Fidelity Sp V ● 255 2.1
1819.3 Finsbury Gwth ● 919 1.8
106.4 Hend Alt Strat 275 1.8179.0 Hend Div Inc Tst 94⅜ 4.7
216.7 Hend High Inc 168½ 5.8
304.8 Hend Intl Inc 162½* 3.4
594.6 Hend Smaller Co 796* 2.9
67.6 Hend Opp 856* 2.5
891.1 Herald Inv ● 1304 —
841.4 HgCapital ● 209 2.2
2998.4 HICL Infrastructure ● 167⅜ 4.9
70.5 Highbridge MultiStrt 208 —
602.2 ICG Enterprise Tst 873* 2.5
187.6 Invesco Asia Trust 269* 2.1
127.2 Invesco Enhcd Inc 74¾ 6.7
152.8 Invesco Inc Gth Tr 261 4.4
7.8 InvesPerp Bal Rk 139 —
55.3 InvesPerp Sel UK E 169½ 3.9
62.3 InvesPerp Sel Gbl E 198½ 3.5
168.2 InvesPerp UK Sm Co 512* 3.7
989.3 JPM American ● 466 1.4
326.5 JPM Asian 347 4.5
24.4 JPM Brazil Inv 72¾* 1.1
215.6 JPM Chinese 296½ 1.2
380.1 JPM Claverh’se 674* 4.1
255.9 JPM ElecManGth 827½* 1.9
86.0 JPM ElecManInc 99½* 4.7
7.2 JPM ElecManCsh 102½* 0.4
1207.2 JPM Emerg Mkt ● 990 1.3
575.7 JPM Eur Sm Cos 361 1.9
204.6 JPM Eur Gwth 290 3.1
151.6 JPM Eur Inc 150½ 4.3
452.4 JPM Gbl Gth & Inc 339 3.8
381.2 JPM GEMI 128¼ 3.9
100.6 JPM GL Conv 87½ 5.1
734.1 JPM Indian ● 702 —
722.4 JPM Japanese ● 448 1.1
217.2 JPM Japan Sm Cos 398½ 4.4
244.3 JPM Mid Cap 1030 2.6
80.9 JPM Mlti-Ass 94 4.3
323.2 JPM Russian 686 3.8
173.6 JPM Small Cos 221½ 2.4
182.2 JPM US Sml 317 0.8
44.6 Jup UK Gwth IT 273 2.6
203.5 Keystone Inv Tr 1505 3.7
665.3 Law Debenture ● 562* 3.5
332.3 Lowland Inv 1230 4.8
128.1 Majedie 241 4.7242.0 Mtn Currie Port 289 1.5
1591.0 Mercantile InvTr ● 201 3.2
506.4 Merchants Tst 460¼ 5.8
1989.6 Monks ● 909* 0.2
547.4 Murray Income 828 4.0
1474.0 Murray Intl ● 1144 4.6
82.7 Northern 2 VCT 59 6.8
81.6 Northern 3 VCT 86½ 4.6
90.1 Nthn Venture 64½ 6.2
350.8 Pacific Assets 290 1.0
1241.3 Pantheon ● 2295 —
672.7 Perpetual Inc & Gr ● 292 5.0
1103.9 Personal Ass ● 42900 1.3
22.7 PremierGlblInfra 125½* 8.1
3254.6 RIT Cap Ptnrs ● 2095 1.6
401.4 Ruffer Inv Pref 222 0.8
337.3 Schroder Asian TR 355½ 1.7
594.1 Scot American 409* 2.9
598.9 Scot Invest ● 804 2.6
7587.2 Scot Mortgage 511 0.6
195.3 Sec Tst of Scot 187¼ 3.3
86.7 Seneca Global 176¼ 3.8
1325.1 Smithson Inv Tst ● 1236 —
1329.7 TR Property ● 419 3.2
1875.0 Tmpletn Em Mt ● 759 2.1
394.1 Tritax Euro Box € 93¼* 5.1
397.4 Tritax Euro Box £ 94* 5.1
234.3 Troy Inc & Gr 80 3.4
206.6 UIL Ord 234 3.2
58.7 UIL Fin ZDP 20 150½ —
66.0 UIL Fin ZDP 22 132 —
34.8 UIL Fin ZDP 24 116 —
26.9 UIL Fin ZDP 26 107½ —
554.2 Utilico Emerg 243 3.0
1823.2 Witan ● 208½* 2.4
198.5 Witan Pacific 322 2.2
1470.2 Worldw HealthTr ●^2765 1.0
Net Asset Values © 2019 Morningstar Estimated at
previous day’s close see http://www.Morningstar.co.uk.Media
Mkt Cap
(£m) Stock Price Cvr Yld4863.5 Auto Trader 525 3.1 1.3
174.8 Bloomsbury 232 1.6 3.4
1621.8 Daily Mail ‘A’ 771 8.3 3.01507.6 Euromoney ● 1380 5.7 2.4
10730.4 Informa 857¼ 0.9 2.6
4625.2 ITV 114⅞ 1.5 7.0
6394.9 Pearson 818 4.0 2.3
279.8 Reach 93½ -6.5 6.7
37448.0 RELX 1926 1.7 2.2
4674.5 Rightmove 527⅞ 2.6 1.3
12015.9 WPP 952¼ 1.4 6.3Mining23062.2 Anglo Amer 1666⅝ 2.5 5.5
8005.2 Antofagasta 812 1.2 4.8
35491.3 BHP Group 1680⅜ 1.2 6.4
1628.7 Centamin ● 140⅞ 0.9 4.0
6990.9 Evraz 481½ 1.7 16.9
5043.3 Fresnillo 684⅜ 2.6 2.2
30601.0 Glencore 225½ 1.2 7.2
1057.6 Hochschild Mng ● 206¾ 0.8 1.6
278.4 Kenmare Res 254 5.8 2.6
5247.2 Polymetal ● 1116 1.6 3.5
49280.4 Rio Tinto 3924½ 2.1 7.9Oil & Gas99439.2 BP 488 1.1 6.8
950.3 Cairn Energy ● 161¼ —
313.7 EnQuest 18½ —
714.2 Hunting ● 427¾ -1.9 1.6
1379.2 Petrofac ● 398¾ 0.5 7.3
621.6 Premier Oil ● 74⅞ —
97032.6 Royal D Shell A 2266½ 1.5 6.8
84168.9 Royal D Shell B 2252 1.5 6.8
254.4 Soco Intl 64 1.2 8.6
2666.2 Wood Grp (John) ● 391¼ -0.0 7.3Pharmaceuticals95937.5 AstraZeneca 7313 0.6 3.0
3065.2 Dechra Pharma ● 2986 1.3 0.9
1682.4 Genus ● 2586 2.6 1.0
84364.2 GlaxoSmKline 1691¼ 0.9 4.7
4925.5 Hikma ● 2033 2.9 1.6
431.9 Indivior 59⅛ —
9.1 Premier Vet 59½ —Property1640.9 Assura ● 68¼ 4.0
1720.1 Big Yellow Gp ● 1030 3.2
4623.1 Brit Land 496¾ 6.3
998.1 CLS Hldgs ● 245 4.3 2.9
105.3 Cap&Regional 14½ 16.7
1707.7 Capital&Count ● 200⅝ -4.5 0.7
3526.2 Derwent Ldn ● 3158 2.1
1810.9 Gt Portland Est ● 688⅜ 1.8
1494.8 Grainger ● 244¼ 3.6 2.1
472.2 Intu Props ● 34⅞ —
1743.3 Hammerson ● 227½ 11.4
384.1 Hansteen Hldgs 89⅞ 6.5
425.9 Helical 355 3.5 2.8
10591.0 H K Land 453¾ 4.8 3.9
5633.6 Land Secs 759¾ 6.0
25.3 Local Shopp REIT 30¾ —
202.7 McKay Secs 215 4.7
194.3 Raven Property 38 —
131.8 Raven Prop Prf 132 9.1
218.0 RavenPrp CnvPrf 110 5.9
402.1 RDI REIT 105¾ 10.2
1388.5 Safestore ● 660 2.5
902.9 St Modwen ● 406 3.6 1.9
1184.7 Savills ● 828½ 3.6 1.9
8449.1 Segro 772¾* 2.5
98.9 Town Centre 186 6.3
2369.3 Tritax Big Box ● 138¾ 4.9
3045.6 Unite ● 1049 2.8
448.5 Urban&Civic 309 3.6 1.2
253.5 Warehouse REIT 105½ 0.8 5.7
1552.4 Workspace Gp ● 859½ 3.8Retailers308.8 Brown N 108¼ -2.9 6.6
41.0 Carpetright 13½ —
7626.1 Dairy Farm 563¾ 0.3 3.0
245.8 Dignity 491⅜ —
1266.4 Dixons Carph ● 109 -4.1 6.2
1760.2 Dunelm ● 871½ 1.5 3.1
2007.9 Greggs ● 1985 1.8 1.9
349.9 Halfords 175¾ 1.1 10.6
3233.7 Howden Joinery ● 539⅜ 2.7 2.25847.2 JD Sports Fash 600¾ 15.7 0.3
4021.9 Kingfisher 190⅝ 1.0 5.7
200.5 Lookers 51½ 2.7 7.9
3640.8 Marks & Spen 186¾ 0.1 7.4
4363.0 Morrison (WM) 181¾ 0.8 6.9
48.0 Mothercare 14 —
7682.0 Next 5766 2.6 2.9
8483.8 Ocado 1200 —
149.8 Pendragon 10¾ -2.4 14.0
492.8 Saga 43⅞ -3.6 9.1
4353.3 Sainsbury J 196¾ 0.8 5.6
2143.3 Smith WH ● 1987 1.8 2.8
1306.7 Sports Direct ● 246⅝ —
171.2 StudioRetailGrp 198 —
20821.0 Tesco 212⅝ 2.4 2.7Support services1979.4 Aggreko ● 772¾ 1.8 3.5
9914.4 Ashtead Gp 2147 4.2 1.9
1895.0 BCA Marketplace ● 241⅝ 0.9 4.0
6846.0 Bunzl 2033 2.0 2.5
2029.0 Capita ● 121⅝ —
61.1 Carillion # 14¼ —
169.8 Charles Taylor 218 -0.4 5.3
226.4 De La Rue 218 0.7 11.5
6669.9 DCC 6782 2.0 2.0
1056.5 Essentra ● 401⅝ 0.4 5.2
22902.6 Experian 2515 1.7 1.5
13723.2 Ferguson 5984 2.8 2.5
2612.9 G4S ● 168⅜ 0.5 5.8
3680.6 Homeserve ● 1100 1.5 1.9
8657.1 Intertek Group 5364 1.7 1.9
3640.3 IWG ● 407⅛ 1.8 1.6
619.0 Johnson Serv 167⅜ 2.4 1.9
334.6 Menzies J 397 -0.3 5.2
565.0 MITIE Gp 154⅜ 2.1 2.6
8209.2 Rentokil 443⅞ -1.1 1.1
381.3 Ricardo Gp 714 2.3 2.9
387.2 Robt Walters 510 3.3 3.0
738.9 SIG ● 124⅞ 0.8 3.0
1725.0 Serco Group ● 141 —
3136.7 Travis P ● 1244 -0.7 3.8Telecommunications15706.7 BT Group 159 1.4 9.7
2699.9 Inmarsat ● 582⅜ 1.4 2.7
1161.2 TalkTalk ● 101¼ 2.4 2.5
944.1 Telecom Plus ● 1204 0.8 4.3
40242.1 Vodafone 150⅜ -3.3 5.3Tobaccos67919.6 Brit Am Tob 2961 1.3 6.9
19602.3 Imp Brands 2055 0.7 9.4Transport3163.7 BBA Aviation ● 305¾ 0.9 3.8
749.0 Clarkson ● 2470 1.3 3.1
442.3 Northgate 332 2.1 5.5
2010.0 Royal Mail ● 201 0.7 12.4
286.4 Wincanton 230 3.2 4.7Travel & Leisure6391.0 Carnival 3434 2.2 4.7
32520.5 Compass 2050 1.8 1.9
3717.1 easyJet ● 935¾ 1.6 6.3
1551.7 FirstGroup ● 127¾ —
5255.1 Flutter Entrtmt 6720 1.2 3.0
363.6 Fullers ‘A’ 1130 1.7 1.8
869.2 Go-Ahead Grp ● 2014 1.8 5.1
3548.6 GVC Hldgs ● 609¾ -0.4 5.5
8330.2 IAG Intl Cons Air 419¾ 5.7 5.4
9300.1 Intercont Hotels 5109 1.6 1.9
1502.5 Mandarin 119 1.2 2.1
808.3 Marston’s ● 127½ 0.9 5.9
1474.3 Mitchells&But ● 344 —
2185.1 National Ex ● 427 1.7 3.6
1171.0 Playtech ● 378⅝ 2.2 4.3
664.9 Rank Group ● 170¼ 1.0 4.5
732.8 Restaurant Gp ● 149⅛ 0.3 5.5
8641.0 Ryanair 776 —
706.0 Stagecoach ● 127 2.9 6.1
107.9 Thomas Cook 7 —
4725.2 TUI AG 803¾ 1.7 8.1
1697.3 Wetherspoon ● 1615 5.4 0.7AIM200.9 Arbuthnot 1315 -3.7 2.7
262.0 BrooksMacdonald 1877½ 0.8 2.6
2.5 Cambria Africa 0½ —
330.5 Central Asia Met 187¾ 1.5 7.7
271.9 Ceres Power 178 —
174.1 Churchill China 1585 2.3 1.8
181.2 Cohort 442½ 1.5 2.1
1114.3 Dart Group 748½ 9.6 1.4
7.2 Deltex Medical 1⅜ —
60.7 Elecosoft 74 3.5 0.9
85.4 Finsbury Food 65½ 0.5 5.1
93.1 Futura Medical 45½ —
17.6 Gaming Realms 6¼ —
807.9 Highland Gold 222 0.9 6.0
34.2 Hornby 27¼ —
144.4 Inland Homes 69¾ 3.2 3.4
436.4 IQE 55 —
1024.0 James Halstead 492 1.3 2.8
11.8 LPA Gp 93 4.9 3.1
195.3 M&C Saatchi 214 0.9 5.1
73.4 Miton Group 42½ 2.3 4.7
40.4 Mpac Group 200½ —
34.3 MS Intl 205 2.8 4.0
244.2 Numis 232 2.1 5.2
11.0 Prime People 91 2.6 5.7
512.9 Restore 412½ 2.0 1.6
43.5 Share 30¼ 1.864.2 SRT Marine Sys 41½ —
95.8 StatPro 145½ -0.3 2.0
20.9 Sterling Energy 9½ —
130.5 Tribal Gp 65½ 1.9 1.7
36.6 Union Jack Oil 0¼ —
59.6 Walker Green 84 2.2 3.9
5.5 Xtract Resources 1¼ —
483.8 Young & Co - A 1620 3.1 1.3
221.3 Young & Co - N/V 1155 2.7 1.8
The Alternative Investment Market is for young and
growing companies. Shares may carry higher risks than
those with a full quotation, and may be difficult to sell.Americans
Mkt Cap
(m) Stock Price Cvr GrsYld3234.3 Alcoa $ 17⅜ — —
98548.6 Amer Express $ 118¾ 1.3 5.2
249788.2 BankAmerica $ 26⅞ 2.7 3.9
201011.3 Boeing $ 357¼ 2.3 1.1
64388.3 Caterpillar $ 114½ 3.6 2.6
221640.4 Chevron $ 116¾ 4.1 1.6
25545.6 Coca-Cola Euro $ 54¾ 2.4 1.4
62668.8 Colgate Palm $ 73 2.4 1.5
49380.8 DuPontDeNemrs $ 66¼ 1.8 2.9
289026.9 Exxon Mobil $ 68¼ 5.1 1.2
19413.7 Fiat Chrysler $ 12½ 5.9 1.0
3801.2 Foot Locker $ 34⅝ 4.4 3.2
68071.2 Gen Electric $ 7¾ 0.5 61.5
240313.5 Home Depot $ 218⅜ 2.5 1.8
113890.9 Honeywell $ 158¼ 2.1 2.9
26518.3 HP $ 17⅝ 3.6 3.9
116005.4 IBM $ 131 4.9 1.5
27967.3 Inger Rand $ 115¾ 1.8 2.8
200856.2 Intel $ 45⅜ 2.8 3.5
14896.4 Intl Paper $ 37⅞ 5.3 2.0
339445.0 JP Morgan Ch $ 106⅛ 3.0 3.1
338261.8 Johnson&John $ 128⅛ 3.0 1.6
37967.8 Keurig Dr Pep $ 27 2.2 1.2
4891.3 Manpower $ 81¾ 2.7 3.7
9688.7 Marathon Oil $ 12 1.7 5.9
163857.7 McDonalds $ 215¾ 2.2 1.7
219628.9 Merck $ 85¾ 2.6 1.6
1021617.8 Microsoft $ 133¾ 1.4 2.8
192203.9 Pfizer $ 34¾ 4.1 1.5
295929.7 Procter & Gamble $ 118¼ 2.5 0.5
17441.2 Rockwell $ 149 2.6 2.2
107612.3 United Tech $ 124¾ 2.4 2.1
316388.8 Wal Mart Strs $ 110⅞ 1.9 1.4
240808.4 Walt Disney $ 133⅝ 1.3 4.3
6189.3 Xerox Hldgs $ 28 3.6 2.3Europeans18459.2 AkzoNobel € 81 18.7 1.7
35337.1 BMW € 58¾ 6.0 3.0
12423.8 Carrefour € 15⅜ 3.0 0.7
21396.6 Continental AG € 107 4.4 3.1
43563.8 Daimler € 40¾ 8.0 3.0
54105.9 Danone € 78⅞ 2.5 1.9
35716.5 Deutsche Post € 28⅞ 4.0 1.9
70345.8 Deutsche Tele € 14¾ 4.7 1.4
54443.8 Heineken € 94½ 1.7 2.0
179680.8 LVMH € 355½ 1.7 2.0
28166.4 LafargeHolcim SFr 45¾ 4.4 2.7
6225.3 Lufthansa € 13⅛ 6.1 4.8
25468.9 Nokia OYJ € 4½ 4.4 1.1
16499.1 Michelin € 91¾ 4.0 2.5
43117.7 Pernod Ricard € 162½ 1.6 2.4
17096.7 Peugeot € 18⅞ 4.1 4.1
37781.7 Philips (Kon) € 41¾ 2.0 1.8
74961.5 Siemens € 88¼ 4.3 1.8
19060.0 Societe Gen € 22⅜ 9.9 1.9
8376.0 Suez Environ € 13½ 4.8 0.7
22429.2 Thales € 105¼ 2.0 2.7
116215.9 Total € 43⅝ 6.1 1.6
39921.9 UBS AG SFr 10⅜ 6.8 1.2
42522.4 Volkswagen € 144⅛ 3.3 2.1Recent issues
Mkt Cap
(£m) Stock Price Cvr Yld1.0 BSF Enterprise 5 —
0.9 Mustang Energy 11 —
276.7 Uniphar 101⅜ —Bold FTSE100 Stocks ● FTSE250 Stocks
* Ex-dividend † Ex-scrip ‡ Ex-all
§ Ex-rights # Suspended
Cover relates to the previous year’s dividend.
Yields are net of basic rate tax.Mkt Cap
(£m) Stock Price Cvr YldMkt Cap
(£m) Stock Price NAV YldMkt Cap
(£m) Stock Price NAV YldMkt Cap
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(£m) Stock Price Cvr YldMkt Cap
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from the use of this information.Markets
Costco looks East as it
opens first China store
By Daily Telegraph
Reporter
COSTCO opens its first store
in China this week, with ana-
lysts warning it faces a tough
ride as the trade war contin-
ues to rage.
The US retail giant thinks
it can avoid the malaise that
has plagued other foreign
players, such as Tesco, with
its “no-frills approach” and
bulk-buy strategy.
Five years after entering
the online market through
Alibaba’s Tmall Global, Cost-
co’s first physical store opens
in Shanghai tomorrow.
The company is targeting
China’s growing middle class,
who know the brand from in-
ternational travels, and aims
to sign up at least 100,000
members for the store.
Chinese shoppers are
familiar with a membership
model as Costco’s arch rival,
the Walmart-owned Sam’s
Club, which is aiming for 40
stores by the end of 2020,
has been in China for two
decades.
Costco’s Asia boss Richard
Zhang said: “Consumers are
ready to pay for a member-
ship card that grants them
an exclusive privilege to buy
at a warehouse store – it’s
not a new concept in the
country.”
However, Jason Yu of
Kantar Worldpanel China
warned: “The Chinese mar-
ket is very complicated and
requires retailers to inno-
vate and localise. Local re-
tailers are reaching out to
customers via all distribu-
tion channels while foreign
retailers are not so flexible.
The old way of a large and
all-inclusive hypermarket
doesn’t work in China.”Staff members pose at Costco’s new store in Shanghai
AFP/GETTY IMAGES28 ***^ Monday 26 August 2019 The Daily Telegraph
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