The Daily Telegraph - 29.08.2019

Supermarkets

are not a Brexit

basket case, says

bullish analyst

SUPERMARKETS shone on
the FTSE 100 yesterday,
leading the index higher
after an upbeat note said the
sector offered “compelling
value” despite worries over
its Brexit exposure.
Ian Gordon, an analyst at
Investec, took a bullish
stance on food retailers,
which have suffered lately
amid concerns over
potential disruptions to
their supply chains after the
UK’s departure from the EU.
Mr Gordon said: “Having
reviewed the possible
impact of Brexit-driven
changes in consumer
spending patterns, tariffs
and supply chain disruption,
we believe the weakness in
the supermarket sector is
unwarranted.”
He added: “While there is
currently undoubted
nervousness on companies
with large UK exposure, we
still feel the sector offers
compelling value.”
Investec bank upgraded
its rating on Morrisons to
buy, from hold, and kept
“buy” ratings on Tesco and
Sainsbury’s – marking it as
bullish across the whole
food retail sub-group. It
stayed more downbeat on
Ocado, however, keeping its
stock at a sell.
Mr Gordon said potential
tariffs post-Brexit would
“have little impact on
shopping costs”, and said
any disruption from supply
shortages would be
“temporary in nature”.
Tesco, which Investec

said was “positioned for

sustainable profit growth”,

was the biggest climber of

the three listed supermarket

giants, closing 5.1p up at

218.8p. Morrisons ended the

day 2p up at 184.2p, while

Sainsbury’s added 1p to

197.25p. Online rival Ocado

fell 8p to £12.28.

The pound fell more than

1pc after Boris Johnson’s

plans to prorogue

Parliament emerged. After a

steady comeback, however,

it was down less than 0.5pc

against the dollar and the

euro when the London

market closed – far from a

disastrous day in the context

of recent gains.

The FTSE 100’s

performance seemed

unhinged from that of

sterling: despite spending

much of the day in the

doldrums, it made a

comeback in line with the

pound during the afternoon.

The blue-chip index,

which closed the session up

0.35pc, or 25.1 points, at

7,114.7, was boosted by

London’s two listed energy

giants: BP and Royal Dutch

Shell. BP provided the most

upwards pull, rising 10.7p to

498.7p after announcing

plans to sell its Alaskan

operations. That

performance single-

handedly added 8.5 points

to the FTSE 100’s gains, with

Shell contributing almost

11 points more across its two

listed share prices.

Greggs led the FTSE 250

risers, puffed up 88p to

£20.54 after a positive note,

although the UK-focused

index had a bad day, falling

0.7pc. The worst performers

were Amigo Holdings and

Provident Financial, down

8.4pc and 8pc respectively.

SFO inquiry

dents Petrofac

A Serious Fraud Office

investigation into Petrofac

relating to allegations the

oilfield services firm used

bribes to win contracts in

Iraq and Saudi Arabia has

squeezed its core profits.

Revenue for the six months

to June edged up 1.3pc to

$2.8bn (£2.3bn) but pre-tax

profit before exceptionals

dropped 8.8pc to $208m.

BUSINESS BULLETIN

Virgin Australia

to cut 750 jobs

Virgin Australia will cut

750 jobs as part of a wider

restructuring after posting

its seventh consecutive

annual loss. The airline

blamed the “tough

economic climate” for its

A$349m (£191m) loss and

said it would cut some

domestic and international

routes in a bid to become

profitable. Shares fell 6pc.

Wealth fund calls

for rule change

Norway’s $1 trillion

(£815bn) sovereign wealth

fund, the world’s largest,

has called for a change to

rules that block it from

investing in unlisted

companies. A change

would allow the fund to

better capitalise on

potential growth

opportunities in sectors

such as US technology.

HSBC to help

Hong Kong firms

HSBC has said it will cut

fees and offer rebates to

support struggling small

and medium-sized

businesses in Hong Kong.

The city is on the verge of

its first recession in a

decade and has been

affected by months of

anti-government protests

and the ongoing US-China

trade war.

Barclays boss

warns on Fintech

A senior Barclays

executive, Ashok Vaswani,

has warned that

compliance concerns

around challenger banks

risked “creating a bad name

for the banking industry”.

He added that concerns

around the ability of

start-ups to automatically

monitor transactions are

“dangerous” to the sector.

Protests take the

shine off Tiffany

Tiffany & Co said annual

profits could be below

expectations as protests in

Hong Kong take their toll

on the luxury jeweller. The

city is its fourth-largest

market after the US, Japan

and China. Quarterly net

profit was higher than

expected at $136m (£111m)

but like-for-like sales fell by

3pc globally.

louis
ashworth
market
report

uis

hworthh

rket

port

Results roundup

Arix Bioscience Int 266k (472k) -44.8m (29.3m) -30.00 (24.00) n/a (n/a) – –
Bigblu Broadband Int 30.5m (25.1m) -397k (-5.7m) -1.20 (-12.10) n/a (n/a) – –
Fisher [James] & Sons Int 286.9m (260.5m) 20.9m (21.5m) 33.80 (34.70) 11.300 (10.300) Nov 01 Oct 03
Headlam Group Int 348.7m (337.5m) 16.0m (16.4m) 15.70 (15.90) 7.550 (7.550) Jan 02 Nov 28
London & Assoc Props Int 30.0m (28.0m) 1.3m (3.7m) -1.77 (1.13) 0.000 (0.000) – –
Loungers Fin 153.0m (121.1m) -5.0m (-6.6m) - (-) n/a (n/a) – –
OptiBiotix Health Int 149k (81k) -1.3m (-1.2m) -1.43 (-1.36) n/a (n/a) – –
Petrofac $ Int 2.8bn (2.8bn) 193.0m (-52.0m) 41.20 (-5.00) 12.700 (12.700) Oct 18 Sep 19
Symphony Intl Hldgs $ Int – (–) 85.6m (-101.5m) 16.68 (-20.79) n/a (n/a) – –
Wameja $ Int – (–) -3.5m (-2.4m) -0.90 (-0.80) 0.000 (0.000) – –
http://www.theice.com/data

Company Turnover (£) Pre-tax (£) EPS (p) DIV (p) Pay day XD

Government securities

52 week Flat

Rdm

High Low (£) Stock Price (£) +/- Yield Yield

120.02 113.72 Treas 8% 21 113.55 +0.03 7. 05 0. 33

125.99 122.06 Treas 5% 25 125.95 +0.27 3.97 0.27

151.32 100.00 Treas 6% 28 151.87 +0.72 3.95 0.32

145.50 129.68 Treas 4¼% 32 145.20 +0.94 2.93 0.57

154.09 126.98 Treas 4¼% 36 154.25 +1.16 2.76 0.75

169.14 144.99 Trea s 4¾ % 38 169.68 +1.46 2.80 0.83

Index Linked Securities

361.05 354.33 Treas 2½% IL 20 355.33 +0.05 0.70 0.00

377.38 360.59 Treas 2½% IL 24 377.22 +1.27 0.66 0.00

402.75 358.91 Treas 4⅛% IL 30 402.61 +3.13 1.02 0.00

311.70 262.80 Treas 2% IL 35 311.30 +1.96 0.64 0.00

10-year Government Bonds

Spread vs Spread vs

Yield% Bunds T-Bonds

France -0.44 +0.31 -1.91

Germany -0.75 – -2.22

Japan -0.28 +0.47 -1.75

Great Britain 0.37 +1.12 -1.10

United States 1.47 +2.22 –

The 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 -0.59%

52 week

High Low (p) Stock Price (p) +/- Yld P/E

739¼ 410⅛ Babcock Intl ● 500 -2 6.0 12.7

643⅝ 439⅜ BAE Systems 536¾ -4¼ 4.2 17.2

171¼ 96⅜ Cobham ● 161½ -½ 0.2 52.1

324⅜ 265 QinetiQ ● 282¾* -¼ 2.3 14.1

1024 723⅜ Rolls-Royce 745 -3⅝ 1.6 -5.8

329⅝ 184¼ Senior ● 200⅜ -1¼ 3.7 16.7

2248 1200 Ultra ● 2148 -24 2.4 49.3

Banks +0.03%

193⅞ 134¾ Barclays 136⅛* -½ 6.6 14.5

1682 1209 Close Bros ● 1283 -14 5.0 9.5

695⅞ 578¼ HSBC 581¾* +⅞ 7.2 11.3

66¾ 48⅛ Lloyds Bk Gp 49½* -¼ 6.6 9.0

274¼ 176½ Ryl Bk Scot 182⅝* -1½ 9.6 13.5

412⅞ 311⅛ Santander 314¾ +1½ 5.4 8.8

1792¼ 1130 Secure Trust Bk 1330 — 6.3 8.7

742⅝ 514¼ Standard Ch 610⅝* +3¾ 2.9 39.9

Beverages +0.28%

3538 2513 Diageo 3454½* +10 2.0 26.4

240 184 Stock Spirits 236 -3 3.2 15.6

Chemicals -0.32%

5460 4499⅛ Croda 4564* — 1.9 24.6

3692 2574 Johnson Mat 2831 -2 3.0 13.2

3438 1813⅝ Victrex ● 1951 -22 3.1 15.1

Construction -2.26%

150 83⅛ Alumasc 86½ — 8.5 7.2

300⅛ 192¼ Balfour Beatty ● 208¼ -4¾ 2.5 10.6

670¼ 430 Barratt Dev 625 -22¼ 4.4 9.4

3233 2407 Bellway ● 2825 -101 5.1 6.7

4012 3170 Berkeley Grp 3775* -192 0.7 7.8

304 228⅛ Boot H 245 -3 3.9 8.7

447¼ 141 Costain 149 -1⅝ 9.3 4.8

411 274½ Crest Nicholson ● 344⅝ -12⅝ 9.6 6.2

2768 1961 CRH 2646 -14 2.5 9.7

938½ 626½ Grafton Gp ● 700 -16 2.6 11.1

1500 1000 Morgan Sindall 1200 -20 4.6 8.0

794 390¼ NMCN 537½* — 3.9 11.3

2498 1802½ Persimmon 1875 -55 12.5 6.6

676¾ 478⅝ Redrow ● 547 -22 5.6 7.4

192¾ 127¾ Taylor Wimpey 143⅛ -5¼ 5.3 7.1

Electricals -1.06%

576 269 Dialight 345½ -2½ — 21.1

469 318½ discoverIE Grp 425 -1 2.2 21.2

2099 1215 Halma 1924 -27½ 0.8 43.0

5586 3350 Renishaw ● 3368 -22 1.8 26.6

3140 1855 XP Power 2350 +40 3.7 14.9

Electricity -0.20%

432⅜ 259¾ Drax Group ● 269⅝ -1¾ 5.5 53.9

892 744½ Nat Grid 854⅝ +½ 5.5 19.3

1287 997¾ SSE 1119* -9½ 8.7 8.1

Engineering / Industrial -0.32%

1000 646 Bodycote ● 702 +½ 2.7 13.0

468 341 Castings 381* -6 3.9 15.1

92¼ 69 Coats Group ● 71¼ -1¾ 2.0 31.5

1640 880 Cropper J 1210 — 1.1 49.8

3700 2300 Goodwin 3500 — 2.7 21.9

1237 867½ IMI ● 970⅜* -5⅝ 4.2 15.5

5514⅛ 842½ Jardine Mthsn 4269* +13⅜ 3.3 —

52¾ 5¾ Low&Bonar 7 +⅜ — -0.5

238½ 146 Melrose Ind 170½ +2⅝ 2.7 -14.2

2212 1502¾ Mondi 1554½* -41½ 4.8 10.1

78 60¼ Severfield 62* -1 4.5 9.3

1676½ 1256¾ Smiths Gp 1558½ -14 2.9 22.3

514 285⅞ Smith (DS) 327¼ -4⅜ 4.9 15.9

3304 1915 Smurfit Kappa 2452 -38 3.7 -9.9

9445 5875 Spirax 7740 -55 1.3 25.5

1430 1025 Vitec 1135 +15 3.3 14.9

1933 1222½ Weir ● 1386½ -2½ 3.4 —

Food producers +0.52%

2659 2011 Ass Brit Fds 2260 -7 2.0 14.9

3094½ 2224 Coca-Cola HBC 2700 +11 1.9 24.5

3512¼ 2340 Cranswick ● 2732* +18 2.0 20.2

1096 855 Hilton Food ● 961 -9 2.2 24.1

308 90 REA Hldgs 134½ +1½ — -3.0

5167 3905 Unilever 5136* +41 2.7 16.2

Gas & Water +1.07%

156⅝ 64 Centrica 67½ +⅞ 7.4 20.5

800 679½ Pennon Gp ● 737⅝* +11¼ 5.6 14.4

2153 1757 Severn Trent 2057 +5 4.5 15.4

879⅝ 674¼ Utd Utilities 806 +11 5.1 15.1

General financial -0.83%

545½ 337¾ Ashmore ● 453 -15⅜ 3.7 20.1

369⅜ 284¼ Brewin D ● 299 -5 5.5 18.1

380 239⅝ Charles Stanley 264 -6 3.3 14.9

2447⅜ 1622 Hargreaves L 1861 -48 2.3 35.7

916½ 467⅜ IG Group ● 530⅝ -9 8.1 12.3

1436 895⅞ Intermediate C ● 1317 -15 3.4 20.8

563¾ 396¾ Investec ● 411¼ -2⅛ 6.0 7.9

134¼ 55⅝ IP Group ● 55¾ -3¾ — -2.0

840 520 Liontrust 758 +14 3.6 22.5

43¾ 37 Lon. Fin. & Inv. 38½ — 3.0 64.2

7272 3842 Lon Stock Ex 6880* +40 0.9 49.7

183⅝ 124⅛ Man Group ● 167¼* -5¼ 4.7 11.8

243 172 Oakley Capital 231½ +1 1.9 279

484¾ 379¼ Paragon ● 425⅝ -3⅜ 4.9 7.6

696⅝ 348¾ Provident Fin ● 378⅝* -32⅞ 5.0 15.0

156⅞ 109¼ Quilter ● 125⅛ -1⅜ 4.1 4.7

2654 2055 Rathbone Bros ● 2250 -85 3.0 25.4

2640 1725 S & U 2080 +20 5.7 8.9

3226 2289 Schroders 2690* +19 4.2 14.7

Healthcare +1.52%

240½ 113¼ ConvaTec Grp ● 175⅜ -2¼ 2.6 19.5

4010 1773½ NMC Health 2371 +73 0.8 24.2

506¾ 288¼ Mediclinic Int ● 325⅛ +6¾ 2.4 -15.9

1978 1242½ Smith & Nep 1967 +29½ 1.5 31.6

Household goods +1.50%

2362 1618½ Burberry 2115 +6 2.0 25.7

160¼ 57¼ McBride 58¼ -1 7.4 30.6

244¼ 175 PZ Cussons ● 205½* -½ 4.0 32.9

7174 5559 Reckitt Benck 6365* +111 2.7 20.9

1232 354 Superdry 390* +4¾ 2.9 -3.2

Information technology -1.39%

620 332 Aptitude Sftwre 608 +8 1.0 26.9

4232 2264 Aveva Group 3712 -130 1.2 —

26 16¼ BSD Crown 23½ — — 16.9

514½ 260 CML Micro 320 — 2.4 20.3

2512 1411½ Micro Focus Intl 1555⅜ -11⅜ 9.2 10.1

826 491¼ Sage Gp 689⅜ -3⅝ 2.4 25.3

186¼ 110¾ Spirent ● 181¼* -1¼ 2.0 24.2

Insurance -1.47 %

2300 1901 Admiral 2124 -41 5.3 15.5

498½ 350 Aviva 353½* -5 8.6 9.3

604½ 486½ Beazley ● 576* -10½ 2.1 59.4

367 284¼ DirectLineIns 286¼* -2¾ 7.4 8.5

1795 1411 Hiscox 1553* -32 2.2 45.8

731 505 Lancashire Hldg ● 684* -13½ 1.7 44.0

292¼ 214⅞ Legal & General 216¾* -3 7.7 7.0

735½ 536¾ Phoenix 634¼* +⅛ 7.4 9.5

1819½ 1299½ Prudential 1326* -22 3.8 11.3

644⅜ 490⅜ RSA 520⅜ -8¼ 4.1 16.4

1172⅞ 905⅝ St James Place 930⅜ -8 5.2 28.2

379½ 208⅞ StndrdLifeAber 246⅜* -4¼ 8.8 8.5

Investment trusts +0.03%

52 week

High Low (p) Stock Price (p) +/- Yld NAV

1166 754⅝ 3i 1081 +2 3.2 862

303½ 238⅛ 3i Infrastructure ● 298½ -2 3.1 235

126 100⅞ Aberdeen Diversified 106½ -½ 5.0 117

520 374 Aberdeen New India 473½ -3 — 549

492⅞ 345 Aberdeen Std Eq Inc 350 -3 5.8 392

845½ 669 Alliance Trust ● 791 -3 1.7 818

1842 1125⅛ Allianz Tech Trust 1654 -24 — 1642

788 657 AVI Global Trust ● 738 -1 1.8 815

976½ 766 Bankers Invstmt Tst ● 921* -1 2.3 950

858⅜ 594½ Biotech Growth 776 +8 — 825

82 64¾ BlackRock Enrgy&Res 66⅝ -½ 6.0 77

149¾ 128 BlckRock FroInv 131¼ -2½ 4.4 133

400 305 BlckRck Grt Euro 377 -3 1.5 389

208 173⅝ BlckRck Inc&Grth Inv 194* — 3.6 197

544 378 BlackRock Latin 445 +½ 5.9 490

204 157½ BlckRck NrthAmerInc 192* +1¾ 4.2 179

1495 1160 BlackRock Small ● 1398 -14 2.2 1470

582 431 BlkRk Throg Tst 570* -7 1.8 585

396⅜ 317½ BlackRock Wld M 350 +5½ 5.7 410

337 275 BMO Cap & Inc 305 -2 3.7 316

149¾ 106 BMO ComProp ● 106¾* -¾ 5.6 135

1505 1210 BMO Glob SmCo ● 1336 -2 1.2 1420

220 189 BMO Mgd G 207 — — 208

142 118 BMO Mgd I 134½ — 4.4 133

371 312 BMO Priv Eq Ord 361 -1 4.1 384

100 79⅜ BMO Real Est Inv 85⅝ +2 5.8 105

104¾ 84 BMO UKHighIncTst 92 +½ 5.7 100

880 678⅝ Brunner 818* -9 2.4 892

3129⅛ 2635 Caledonia ● 3040 -5 2.0 3683

194½ 172½ City Merchants HY 191¾ +½ 5.2 188

433⅛ 373 City of Lon ● 405* — 4.6 396

107¾ 82 CQS Nat Res G & I 83⅜* — 6.7 113

399⅜ 318¼ Dunedin Ent 355 — 21.7 401

702 528 Edinburgh Inv Tr ● 548 -1 5.1 631

206¾ 143¼ Edin Worldwide 191 -¾ — 190

910 325 ElectraPrivEq 343 -2 122.2 509

330 289 EP Global Opp 297 -4 2.2 316

120⅜ 91¼ European Assets 103 -1 6.0 112

930⅜ 748⅛ The Europ InvTr 764 -2 3.6 882

739 616 F&C Inv Trust ● 695 +3 1.6 725

460 349 Fidelity Asian V 432 +1 1.3 419

250½ 180¾ Fidlty Chna Sp Sits ● 211½ -1½ 1.8 234

258 202 Fidelity Euro V ● 245 -2 3.6 269

167⅞ 124 Fidelity Japan Tst 151 -1½ — 167

278 220 Fidelity Sp V ● 251 -4 2.1 250

956 735 Finsbury Gwth ● 924 +1 1.7 920

292 261 Hend Alt Strat 272½ — 1.8 339

94⅜ 75⅜ Hend Div Inc Tst 94⅜ — 4.7 90

181½ 154¾ Hend High Inc 171 +2¼ 5.7 178

172 149 Hend Intl Inc 159* -3 3.5 160

930 721⅜ Hend Smaller Co 799½* -2½ 2.9 900

1110 856 Hend Opp 880* — 2.4 1105

1380 1052 Herald Inv ● 1314 +4 — 1536

225 173½ HgCapital ● 213 -2½ 2.2 215

170¼ 149 HICL Infrastructure ● 167¾ +⅜ 4.9 155

226 199 Highbridge MultiStrt 212 +3 — 217

904 782 ICG Enterprise Tst 868* -5 2.5 1056

302 238 Invesco Asia Trust 273½* +2½ 2.1 307

77⅜ 68 Invesco Enhcd Inc 74¼ — 6.7 73

282¼ 240 Invesco Inc Gth Tr 263 -1 4.4 315

141⅝ 129 InvesPerp Bal Rk 139 — — 142

183⅜ 154 InvesPerp Sel UK E 167½ -2 3.9 168

211⅝ 182 InvesPerp Sel Gbl E 197½ — 3.5 202

548 425 InvesPerp UK Sm Co 506* -10 3.7 534

499 384½ JPM American ● 467 +1 1.4 489

396¾ 295 JPM Asian 351 +4 4.4 388

78 50 JPM Brazil Inv 69¾* -¼ 1.1 83

308 213⅝ JPM Chinese 297 +1 1.2 341

766 640 JPM Claverh’se 676* — 4.1 710

889½ 722¼ JPM ElecManGth 832½* -2½ 1.9 850

114 93 JPM ElecManInc 99½* -1 4.7 102

105 99 JPM ElecManCsh 102½* — 0.4 103

1072 757⅜ JPM Emerg Mkt ● 985 +1 1.3 1061

418 320¾ JPM Eur Sm Cos 358 -5 1.9 418

312 246¼ JPM Eur Gwth 283 -3 3.1 326

162 135 JPM Eur Inc 149 -2½ 4.3 169

356 279 JPM Gbl Gth & Inc 336 -½ 3.9 327

144⅝ 112¾ JPM GEMI 129½ +1 3.9 136

93¼ 84⅝ JPM GL Conv 87⅝ — 5.1 93

795 562½ JPM Indian ● 712 -6 — 792

465 366 JPM Japanese ● 450 — 1.1 488

454 322 JPM Japan Sm Cos 396 +3 4.4 442

1205 950 JPM Mid Cap 1025 -7½ 2.6 1194

98 91¼ JPM Mlti-Ass 93⅞ +⅛ 4.3 105

708 481¾ JPM Russian 668 -16 3.9 760

246 182¾ JPM Small Cos 220 -½ 2.5 259

347 258¾ JPM US Sml 315 +2 0.8 328

341⅜ 248 Jup UK Gwth IT 274 — 2.6 279

1716⅝ 1460 Keystone Inv Tr 1505 -5 3.7 1805

627⅛ 528 Law Debenture ● 560* -2 3.5 618

1555 1205 Lowland Inv 1235 — 4.8 1349

297 230 Majedie 241 +1 4.7 297

312 228 Mtn Currie Port 286 — 1.5 288

219¾ 168 Mercantile InvTr ● 202 -2 3.2 226

516 431 Merchants Tst 460¾ -1¼ 5.8 462

970 710 Monks ● 904* — 0.2 860

862 700 Murray Income 820 -2 4.1 873

1212⅝ 1044 Murray Intl ● 1150 -2 4.6 1151

62⅜ 54 Northern 2 VCT 59 — 6.8 64

90⅞ 82 Northern 3 VCT 86½ — 4.6 93

68 60 Nthn Venture 64½ — 6.2 68

313⅝ 233⅛ Pacific Assets 295 +6½ 1.0 292

2340 1950 Pantheon ● 2290 +5 — 2753

365½ 282½ Perpetual Inc & Gr ● 294 +1½ 4.9 337

43200 38850 Personal Ass ● 42850 +50 1.3 42158

134¾ 100 PremierGlblInfra 125* -½ 8.2 134

2155 1890 RIT Cap Ptnrs ● 2095 -5 1.6 1990

234 202 Ruffer Inv Pref 222 -1 0.8 231

385 303¼ Schroder Asian TR 355 +1½ 1.7 353

429 345¼ Scot American 409* -1 2.9 389

893 747 Scot Invest ● 806 — 2.6 882

569¼ 425⅛ Scot Mortgage 513½ +5½ 0.6 516

202 150½ Sec Tst of Scot 185½ -1½ 3.4 197

182 158½ Seneca Global 176¼ — 3.8 173

1286⅜ 984¾ Smithson Inv Tst ● 1236 +2 — 1200

428 351 TR Property ● 421½ — 3.2 429

833⅜ 639 Tmpletn Em Mt ● 763 +8 2.1 839

99½ 91⅞ Tritax Euro Box € 93⅝* +⅜ 5.1 1

99 89 Tritax Euro Box £ 93¾* +¾ 5.1 —

84 71½ Troy Inc & Gr 81¼ +1⅝ 3.4 81

260 168 UIL Ord 234 — 3.2 392

151 143⅞ UIL Fin ZDP 20 150½ — — 143

132 123⅛ UIL Fin ZDP 22 132 — — 121

116¾ 105 UIL Fin ZDP 24 116 — — 109

108⅞ 102 UIL Fin ZDP 26 107½ — — 107

259 185 Utilico Emerg 235 +3 3.1 268

226¾ 189 Witan ● 208½* — 2.4 216

345 279 Witan Pacific 327½ +2½ 2.1 363

2920 2325 Worldw HealthTr ● 2770 +15 1.0 2739

Net Asset Values © 2019 Morningstar Estimated at previous

day’s close see http://www.Morningstar.co.uk.

Media +0.28%

52 week

High Low (p) Stock Price (p) +/- Yld P/E

606¾ 375⅝ Auto Trader 526 -9¼ 1.3 25.0

247 182⅜ Bloomsbury 231 — 3.4 18.7

809 555 Daily Mail ‘A’ 798 — 2.9 4.1

1436 1118 Euromoney ● 1362 -18 2.4 7.3

900¾ 602¾ Informa 862⅝* -1⅝ 2.6 43.8

166¾ 102⅝ ITV 114⅞ +⅞ 7.0 9.8

1030 764 Pearson 822¾* +13¾ 2.3 10.9

98 54 Reach 90 -2¾ 7.0 -2.2

1995⅛ 1466½ RELX 1958½* +9½ 2.2 27.2

588⅛ 415¼ Rightmove 529 -1¾ 1.3 29.7

1323½ 791 WPP 950¾ +3⅝ 6.3 11.2

Mining +1.60%

2294 1433⅝ Anglo Amer 1717⅝* +27¼ 5.4 7.5

1026 713¼ Antofagasta 821⅜ +11 4.8 18.2

2078½ 1486⅝ BHP Group 1712 +39⅜ 6.4 13.1

154¾ 79⅛ Centamin ● 152⅜ +3¼ 3.8 28.7

710¼ 435½ Evraz 485⅜* +2¼ 16.9 3.6

1028 570 Fresnillo 728* +30⅜ 2.1 18.7

357⅛ 3⅜ Glencore 225¼ +1⅜ 7.3 11.5

232¼ 146⅝ Hochschild Mng ● 224⅝ +6¼ 1.4 91.5

260 174 Kenmare Res 254 -1 2.6 6.7

1183 593¾ Polymetal ● 1183 +32 3.5 18.5

5039 3460 Rio Tinto 3989* +54½ 7.7 6.1

Oil & Gas +1.57%

603⅝ 481⅜ BP 498¾* +10¾ 6.7 13.0

247⅝ 138 Cairn Energy ● 164⅛ +3¼ — -1.0

44⅝ 15¼ EnQuest 18¼ ... — 2.1

883½ 402¼ Hunting ● 429¾ -2⅜ 1.6 -32.0

678⅜ 373⅞ Petrofac ● 410¼ +4¼ 7.6 26.5

146⅞ 54¾ Premier Oil ● 77⅞ +2⅜ — 5.5

2811⅜ 2209½ Royal D Shell A 2280½* +32½ 6.7 9.9

2725½ 2142½ Royal D Shell B 2270½* +27½ 6.8 9.8

99 60¾ Soco Intl 62½ — 8.8 9.1

801¼ 364⅞ Wood Grp (John) ● 364⅞ -25¼ 7.9 -343.0

Pharmaceuticals +0.30%

7479 5312 AstraZeneca 7266* +26 3.0 52.2

3163 1992 Dechra Pharma ● 2970 +12 0.9 79.8

2951 2090 Genus ● 2604 +4 1.0 37.4

1749⅜ 1408¾ GlaxoSmKline 1692⅜* +5¼ 4.7 23.0

2089 1491½ Hikma ● 2023* -18 1.6 21.1

278⅛ 21 Indivior 58¼ -1⅞ — 1.9

113 34¾ Premier Vet 57 -1½ — -2.5

Property -0.64%

70 52⅜ Assura ● 68¾ -¼ 3.9 —

1077 834 Big Yellow Gp ● 1050 +4 3.2 —

645 465¼ Brit Land 509¾ -7⅜ 6.1 —

257 195 CLS Hldgs ● 243* -2½ 2.9 8.0

47⅞ 13⅜ Cap&Regional 14¾ +¼ 16.5 —

280⅝ 181⅜ Capital&Count ● 204¾ +⅛ 0.7 -30.6

3352 2745 Derwent Ldn ● 3168 -28 2.1 —

777⅝ 643¾ Gt Portland Est ● 693⅝ -⅝ 1.8 —

285 204 Grainger ● 242¾ -5¼ 2.2 12.8

204 31⅞ Intu Props ● 38¼ +⅜ — —

498⅞ 202⅞ Hammerson ● 226 -6⅝ 11.5 —

103 85 Hansteen Hldgs 92 +1¼ 6.3 —

406½ 295 Helical 354 -4½ 2.9 9.9

578½ 427½ H K Land 450* +3⅝ 4.0 5.2

940¼ 731¾ Land Secs 771¾ -12¾ 5.9 —

33 25¾ Local Shopp REIT 30¾ — — 31

283 215 McKay Secs 220 — 4.6 —

50 36⅜ Raven Property 39½ -⅜ — -2.1

144 116½ Raven Prop Prf 132* — 9.1 —

110 108 RavenPrp CnvPrf 110 — 5.9 —

175⅝ 97 RDI REIT 99¾ -1¼ 10.8 —

684 493 Safestore ● 663 -10½ 2.5 —

451 357⅜ St Modwen ● 409* -2½ 1.9 15.1

975 677½ Savills ● 842½ -11 1.9 15.0

792¾ 577⅝ Segro 772¼* -4⅜ 2.5 —

280 183 Town Centre 183 -3 6.4 —

162⅝ 129⅛ Tritax Big Box ● 139⅜ -1¾ 4.9 148

1091 793 Unite ● 1050 -8 2.8 —

337 257 Urban&Civic 305 -1 1.2 23.5

106½ 91⅜ Warehouse REIT 106 -½ 5.7 108

1095½ 778 Workspace Gp ● 855½ -13 3.8 —

Retailers +0.46%

169⅛ 81⅝ Brown N 110 +4 6.5 -5.4

36⅛ 12¼ Carpetright 14¼ -½ — -1.8

772⅞ 555 Dairy Farm 569½* -6⅜ 3.0 —

1125 455¼ Dignity 472⅝ -10¾ — 7.5

180⅝ 90 Dixons Carph ● 107⅜ -1¼ 6.3 -3.9

992¾ 482¼ Dunelm ● 858 -7 3.1 21.4

2496 1003 Greggs ● 2054 +88 1.8 31.5

355¼ 165½ Halfords 179½* +1 10.3 8.5

577⅜ 412⅜ Howden Joinery ● 524¾ -11¾ 2.2 16.8

653¼ 318½ JD Sports Fash 609⅝ +6 0.3 22.7

283¼ 186⅛ Kingfisher 194⅛ +1⅛ 5.6 18.8

113⅝ 33¾ Lookers 50¼ -2⅛ 8.1 4.5

301¼ 179¾ Marks & Spen 188¾ -⅞ 7.4 94.4

270½ 176⅞ Morrison (WM) 184¼ +2 6.8 17.8

27 14 Mothercare 14⅝ +⅜ — -0.4

6218 3970 Next 5840 -42 2.8 13.4

1440½ 730⅝ Ocado 1228 -8 — -178.7

28⅞ 10 Pendragon 10⅜ +¼ 14.5 -2.9

141¼ 31¾ Saga 41½ -2½ 9.6 -2.9

339⅝ 177 Sainsbury J 197¼ +1 5.6 21.7

2222 1678 Smith WH ● 1964 -29 2.8 19.8

390¼ 166⅝ Sports Direct ● 243 -3 — 11.2

295 152½ StudioRetailGrp 195 -1½ — 7.2

260⅛ 187 Tesco 218¾ +5⅛ 2.6 16.0

Support services -0.99%

887⅜ 688⅞ Aggreko ● 763⅜ -10¼ 3.6 15.5

2461 1572½ Ashtead Gp 2133* -20 1.9 12.8

247¼ 176¾ BCA Marketplace ● 241⅝ -¼ 4.0 28.1

2554⅝ 1966½ Bunzl 1978½ -48½ 2.6 20.1

152⅛ 98⅝ Capita ● 124¼ -½ — 6.8

20¾ 12½ Carillion # 14¼ — — 0.5

290 184¼ Charles Taylor 213 -5½ 5.4 -43.1

516⅜ 210 De La Rue 215½ +½ 11.6 13.1

7450 5555 DCC 6834 -60 2.0 24.4

461⅝ 324¾ Essentra ● 401¾ -2 5.2 43.2

2587 1710 Experian 2508 -27 1.5 39.9

6354 4992 Ferguson 5820 -64 2.6 13.8

255⅝ 165¾ G4S ● 169⅛ -2⅞ 5.7 31.9

1275 847½ Homeserve ● 1088 -12 2.0 33.3

5982 4323 Intertek Group 5330 -2 1.9 30.1

428¾ 199 IWG ● 419⅝ -2¼ 1.5 35.9

177 112 Johnson Serv 168⅝ -⅝ 1.8 23.1

600 353½ Menzies J 395 -1½ 5.2 -58.1

170⅛ 105¾ MITIE Gp 153½ +⅜ 2.6 17.8

461¼ 280 Rentokil 445⅝* -2¼ 1.0 -83.3

890 572 Ricardo Gp 692 +8 3.0 14.8

796 446¾ Robt Walters 502 -8 3.0 10.0

154 101¼ SIG ● 121¼ -5¼ 3.1 40.4

149 83⅝ Serco Group ● 141¼ -¾ — 22.9

1488½ 964¾ Travis P ● 1223 -28 3.8 -35.6

Telecommunications +1.10%

268⅝ 157⅝ BT Group 162⅝* +2⅝ 9.5 7.5

591½ 355 Inmarsat ● 589 +2 2.6 26.7

140⅛ 91⅝ TalkTalk ● 103⅜ +1⅞ 2.4 17.2

1542 995 Telecom Plus ● 1160 -22 4.5 27.3

175⅝ 122¼ Vodafone 152¾ +1½ 5.2 -5.8

Tobaccos -0.06%

3945 2336½ Brit Am Tob 2830 -2 7.2 10.7

2844½ 1771 Imp Brands 2061* -½ 9.4 14.4

Transport -0.07%

326¾ 207 BBA Aviation ● 310¾ +2⅜ 3.8 28.3

2910 1834 Clarkson ● 2380 +40 3.2 24.1

447⅝ 300 Northgate 328½* -7½ 5.6 8.5

492½ 186¾ Royal Mail ● 203⅞* -3 12.3 11.7

275 200 Wincanton 225 -2 4.8 6.5

Travel & Leisure -0.28%

5030 3325 Carnival 3366* -41 4.9 9.2

2113 1467½ Compass 2081 +6 1.9 29.3

1590 840 easyJet ● 944¾ -26¼ 6.2 10.4

129⅝ 78 FirstGroup ● 129⅛ +¾ — -23.5

7440 5390 Flutter Entrtmt 6796 +42 2.9 28.1

1210 846 Fullers ‘A’ 1130* -30 1.8 32.2

2226 1480 Go-Ahead Grp ● 2100 -24 4.9 11.6

1151 504 GVC Hldgs ● 618* +7¼ 5.4 -50.7

718¾ 411½ IAG Intl Cons Air 416¾ -6 5.5 3.2

5770 4052½ Intercont Hotels 5092 +6 1.9 33.7

174⅝ 112⅜ Mandarin 113¾* +1⅜ 2.2 40.2

128¾ 89¼ Marston’s ● 128 +⅝ 5.9 18.0

356 236½ Mitchells&But ● 355½ +6 — 14.5

450¼ 356 National Ex ● 426⅜ -2⅜ 3.6 16.0

534¾ 352⅞ Playtech ● 360½ -3⅜ 4.6 10.1

183⅝ 127¾ Rank Group ● 167¼ -9¼ 4.6 22.6

223 110⅛ Restaurant Gp ● 147⅞ -¼ 5.6 61.1

1302 767½ Ryanair 795⅜ -8¼ — 11.3

184¾ 113⅝ Stagecoach ● 124⅝* -1¾ 6.2 5.6

86 4¼ Thomas Cook 5⅞ -1⅛ — -0.6

1490 686⅝ TUI AG 821¾ -3¾ 7.9 7.3

1632 1051 Wetherspoon ● 1584 +4 0.8 24.5

AIM -0.15%

1566½ 1030 Arbuthnot 1310 -5 2.7 -9.7

2224 1350 BrooksMacdonald 1852½ -22½ 2.6 47.0

2⅛ ⅜ Cambria Africa ½ — — 1.1

274 176 Central Asia Met 188 +1⅝ 7.7 8.4

210 123¼ Ceres Power 177½ +1 — -181.1

1670 920 Churchill China 1585 — 1.8 24.2

460 354 Cohort 442½* — 2.1 33.1

1053 699 Dart Group 746 -12 1.4 7.6

2⅛ ⅞ Deltex Medical 1⅜ — — -4.7

88 65 Elecosoft 74 — 0.9 30.8

129 58 Finsbury Food 64 -1½ 5.2 37.6

49¼ 5⅝ Futura Medical 43¾ -½ — -9.8

8½ 4 Gaming Realms 6¼ — — 18.8

237¾ 130½ Highland Gold 234 +5¾ 5.7 18.6

48½ 25¾ Hornby 27¼ — — -6.4

71¼ 47 Inland Homes 69½ -¼ 3.5 9.1

106¼ 42¼ IQE 52¼ -1⅝ — —

532 365 James Halstead 490 -10 2.8 27.7

118 85 LPA Gp 93 — 3.1 6.5

405 206 M&C Saatchi 220 — 5.0 22.5

76½ 41 Miton Group 42 — 4.8 9.3

223½ 104 Mpac Group 200½ — — -6.7

227⅝ 177¼ MS Intl 205 — 4.0 8.9

427¼ 216 Numis 237 — 5.1 9.4

109 70½ Prime People 90 -1 5.8 6.6

528 250⅛ Restore 409 +3 1.6 31.5

37¾ 22⅛ Share 30¼ — 1.8 —

43 23⅞ SRT Marine Sys 42 -¼ — 17.3

154¾ 103 StatPro 152 +3½ 1.9 -190.0

12⅞ 8⅞ Sterling Energy 9¼ -¼ — -12.6

93¾ 63½ Tribal Gp 69 +1¾ 1.6 32.9

⅜ ⅛ Union Jack Oil ¼ ... — -28.5

95 55 Walker Green 85½ +½ 3.8 11.9

2⅛ ½ Xtract Resources 1¼ — — -6.2

1890 1292½ Young & Co - A 1645 +45 1.3 25.6

1290 1000 Young & Co - N/V 1150 — 1.8 20.8

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 +0.41%

52 week

High Low Stock Price +/- GrsYd Cvr

45⅝ 16⅝ Alcoa $ 17⅛ +⅜ — —

129⅜ 89 Amer Express $ 118¾ +1 1.3 5.2

31⅜ 22⅝ BankAmerica $ 26⅞ +⅜ 2.7 3.9

446 292½ Boeing $ 359⅛ +4⅜ 2.3 1.1

159⅜ 112 Caterpillar $ 114⅝ +1¼ 3.6 2.6

127⅝ 100¼ Chevron $ 116¾ +⅞ 4.1 1.6

58⅜ 41⅝ Coca-Cola Euro $ 55⅜ -⅛ 2.4 1.4

76⅜ 57⅜ Colgate Palm $ 73⅞ +½ 2.3 1.5

77 60 DuPontDeNemrs $ 64⅜ +½ 1.9 2.9

87⅜ 64⅝ Exxon Mobil $ 67⅝ +½ 5.1 1.2

18½ 12⅛ Fiat Chrysler $ 12⅞ +⅛ 5.7 1.0

68 33⅛ Foot Locker $ 35⅝ +¼ 4.3 3.2

13¾ 6⅝ Gen Electric $ 8 ... 0.5 61.5

222⅝ 158⅛ Home Depot $ 221¼ +3 2.5 1.9

178½ 123½ Honeywell $ 159¼ +1¾ 2.1 2.9

27⅛ 17⅛ HP $ 17⅞ +⅛ 3.6 3.9

154⅜ 106 IBM $ 132⅝ +1½ 4.9 1.5

128¼ 85⅛ Inger Rand $ 117¼ +¾ 1.8 2.8

59⅝ 42⅜ Intel $ 45⅞ ... 2.7 3.5

55 36⅝ Intl Paper $ 37⅝ +⅞ 5.3 2.0

119¼ 91⅛ JP Morgan Ch $ 106⅝ +⅞ 3.0 3.1

149 121 Johnson&John $ 127 -2⅝ 3.0 1.6

31 22¼ Keurig Dr Pep $ 26¾ ... 2.2 1.2

98 61⅝ Manpower $ 80⅜ +1½ 2.7 3.7

24¼ 11⅜ Marathon Oil $ 11⅞ +⅜ 1.7 5.9

221⅞ 156½ McDonalds $ 216¾ +¾ 2.1 1.7

87¼ 66⅛ Merck $ 86 +½ 2.6 1.6

141⅝ 94 Microsoft $ 135⅛ -⅝ 1.4 2.8

46½ 34 Pfizer $ 35 +⅝ 4.1 1.5

121¾ 78½ Procter & Gamble $ 120⅝ ... 2.5 0.5

198¼ 141½ Rockwell $ 147¼ +1 2.6 2.2

144⅜ 100½ United Tech $ 126 +1⅜ 2.3 2.1

115½ 85¾ Wal Mart Strs $ 112¾ +¼ 1.9 1.4

147⅛ 100⅜ Walt Disney $ 136⅛ +1⅝ 1.3 4.3

32¾ 27¼ Xerox Hldgs $ 28 +½ 3.6 2.3

Europeans -0.15%

87⅜ 68 AkzoNobel € 80⅜ -⅝ 18.8 1.7

86¾ 58 BMW € 59¾ +¼ 5.9 3.0

18⅛ 14¼ Carrefour € 15⅜ ... 3.0 0.7

162½ 103⅝ Continental AG € 108⅛ +¼ 4.4 3.1

60 40¼ Daimler € 41¾ +⅛ 7.8 3.0

81⅛ 59¾ Danone € 80½ ... 2.4 1.9

32⅛ 23⅜ Deutsche Post € 29¼ ... 3.9 1.9

15⅞ 13⅜ Deutsche Tele € 14⅞ ... 4.7 1.4

104 74¼ Heineken € 95⅜ +½ 1.7 2.0

392⅝ 242¼ LVMH € 355⅞ -4 1.7 2.0

54 39⅛ LafargeHolcim SFr 46⅛ +¼ 4.3 2.7

24 12⅝ Lufthansa € 13¾ ... 5.8 4.8

5¾ 4⅛ Nokia OYJ € 4½ ... 4.5 1.1

118⅝ 82⅝ Michelin € 91¾ -⅝ 4.0 2.5

168⅛ 127 Pernod Ricard € 166⅝ +⅝ 1.5 2.4

25⅜ 17⅛ Peugeot € 19⅝ -⅛ 4.0 4.1

43⅝ 29 Philips (Kon) € 42⅛ +¼ 2.0 1.8

114⅛ 84⅜ Siemens € 88¾ -¼ 4.3 1.8

38½ 20¾ Societe Gen € 22⅜ ... 9.8 1.9

13¾ 10¾ Suez Environ € 13¾ +⅛ 4.7 0.7

124½ 94⅜ Thales € 103 -3⅛ 2.0 2.7

56⅞ 42⅝ Total € 44¼ +⅜ 6.0 1.6

16⅛ 9⅞ UBS AG SFr 10¼ ... 6.8 1.2

167⅜ 129⅝ Volkswagen € 145½ -¾ 3.3 2.1

Recent issues

52 week

High Low (p) Stock Price (p) +/- Yld P/E

BSF Enterprise 5 — — —

11⅝ 10 Mustang Energy 11 — — —

112⅞ 100⅝ Uniphar 101½ +¼ — —

Ç Mining 1.6

Ç Oil & Gas 1.57

Ç Healthcare 1.52

Ç Household goods 1.5

Ç Telecommunications 1.1

Ç Gas & Water 1.07

Ç Food producers 0.52

Ç Retailers 0.46

Ç Americans 0.41

È Engineering / Industrial -0.32

È Aerospace & defence -0.59

È Property -0.64

È General financial -0.83

È Support services -0.99

È Electricals -1.06

È Information technology -1.39

È Insurance -1.47

È Construction -2.26

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.

52 week

High Low (p) Stock Price (p) +/- Yld P/E

52 week

High Low (p) Stock Price (£) +/- Yld NAV

52 week

High Low (p) Stock Price (p) +/- Yld NAV

52 week

High Low (p) Stock Price (£) +/- Yld NAV

52 week

High Low (p) Stock Price (p) +/- Yld P/E

52 week

High Low (p) Stock Price(£) +/- Yld P/E

52 week

Winners and losers (pc) High Low (p) Stock Price(£) +/- Yld P/E

© 2019 Tradeweb Markets LLC. All rights reserved. The

Tradeweb FTSE Gilt Closing Prices information contained

herein is proprietary to Tradeweb; may not be copied or

re-distributed; is not warranted to be accurate, complete or

timely; and does not constitute investment advice. Tradeweb

is not responsible for any loss or damage that might result

from the use of this information.

Markets

Apple says sorry

for Siri listening

Apple will stop keeping

audio recordings of what

users tell Siri unless they

opt in following a privacy

backlash. The iPhone

maker apologised to users

for not protecting their

privacy and promised that

only Apple employees, not

contractors, would listen to

audio from users who gave

their permission.

Craig Wright to

hand over $4bn

The Australian who claims

to have invented Bitcoin 10

years ago has been asked to

pay more than $4bn

(£3.3bn) of the digital

currency to his ex-partner.

Craig Wright, 49, was sued

for more than $10m by the

estate of his former

partner, the late David

Kleiman, for a share of his

Bitcoin earnings.

28 ***^ Thursday 29 August 2019 The Daily Telegraph

RELEASED BY "What's News" vk.com/wsnws TELEGRAM: t.me/whatsnws