10 V2 The Sunday Times May 29, 2022
BUSINESS
Does seem like he’s spending a lot of
time in the hot tub.... If he wants to
get to orbit, less partying and more
work would be advisable
Tesla tycoon Elon Musk gives his verdict
on his space rocket rival Jeff Bezos, the
Amazon billionaireYes27%
No73%
The City’s finest were out in
force on Monday at the
Chelsea Flower Show, where
grandees mingle among the
marigolds over champagne
and canapés. Regulars were
back to enjoy the milder May
weather after last
September’s delayed return.
Asda chairman Lord
(Stuart) Rose, 73, has been to
the Gala evening so often he
could probably navigate his
way round the foliage
blindfolded. Barclays boss CS
Venkatakrishnan, 56, and
Goldman Sachs’s Anthony
Gutman, 48 this month,
boosted the banking
contingent. Shadow
chancellor Rachel Reeves
must have been feeling smugthat her opposite number
was about to perform
another U-turn and copy her
own proposals for a windfall
tax — sorry, a “temporary
and targeted energy profits
levy”. Other guests included
LSE director Baroness
(Minouche) Shafik, 59, and
there were star turns from
actors Joanna Lumley and
Dominic West.
But the quirkiest
appearance was from Henry
Vereker, brother of
Santander UK chairman
William. Henry sells heated
chairs costing about £1,500 a
pop and was getting plenty of
attention at his stall from the
well-heeled crowd. What
cost-of-living crisis?WeWork founder
back in the flow
Talk about a comeback. After
the implosion of office
company WeWork, founder
Adam Neumann is back with
a bang. The long-haired
entrepreneur has raised
$70 million (£55 million)
from investors for his new
business, Flowcarbon, selling
carbon credits — transactions
that will be tracked on the
blockchain, of course.
The company, which was
founded by Neumann and his
wife Rebekah, also raised
money by selling “Goddess
Nature Token” (yes, you
heard that right). Neumann,
43, chose the name for the
business, explaining to the
Financial Times that “flow”
was one of his new favourite
words. The entrepreneur,
who created a cult-like
culture at WeWork, said:
“When we think of the
environment, we think of
ourselves, we think of the
harmony between us and
other people, we want to
flow.” No? Me neither.
But while Neumann
featured heavily in WeWork’s
past investor presentations,
there was no space for his
name in Flowcarbon’s own
pitch to prospective backers.
Wonder why...New man puts
Pru staff on edge
As if the Hong Kongers at
Prudential’s Asian base
haven’t had enough grief
with Covid lockdowns...
Chair Shriti Vadera’s much
belated choice of a new
group chief executive in
Manulife head honcho Anil
Wadhwani has got them all in
a fluster, Prufrock hears.
They had hoped their, ahem,
Marmite chair would
promote their champion,
Asia and Africa head NicNicandrou, to the role — but
to no avail. Now, with new
boy Wadhwani sweeping in
from their local rival, and
moving the group
headquarters to Hong Kong,
they fear he will replace them
with his own crew.
That may not be wide of
the mark, either. Wadhwani
has been running Manulife’s
Asia operations out of Hong
Kong for five years and has
built a strong team around
him. Mind you, he can’t be all
bad. Last year, Wadhwani
gave his entire 19,000 strong
Asia workforce a “Thank
you” day off. Quite right.By George, the
club hasn’t got it
More tales of woe from
members of George, the
private members club that is
part of Richard Caring’s
empire. George is closed for
refurbishment, but members
have the option of Annabel’s
and Mark’s instead.
The former is not to
everyone’s tastes, though.
One disgruntled tycoon
complains that Saturday
night at Annabel’s is not the
same as grabbing a late-night
cocktail at George. “It’s full of
creepy men,” he whinges.
The reopening of George
can’t come soon enough.Joanna Lumley joined City bigwigs at the Flower ShowNeumanns have last wordGrandees take hot seats
as Chelsea blooms again
6 How times change. With tech valuations diving like it was
2000 all over again, the lofty ambitions of some founders are
starting to look a bit optimistic. One wealthy financier gets in
touch with a memo that was sent out last year to him and
other potential investors to back Revolut, the fintech
company led by Nik Storonsky, 37. The loss-making company
was raising funds at a $33 billion (£26 billion) valuation and
told investors it had its eye on a stock market listing in 2023
valuing it at an eye-popping $100 billion.
Those who opted out probably had a lucky escape. The
memo warned prospective investors that the flotation
window was closing. Indeed it did. That $100 billion price tag
seems a long way off now.MARK THOMAS/SHUTTERSTOCKJamie Nimmo
JUST SAYING...
FUNNY BUSINESS
TWITTER POLL
After his windfall tax last
week, should Rishi Sunak
go further and tax
electricity generators,
including wind farms?
@ST—BusinessTHE TIPSTER
HANG SENG
20,697.36
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V0.10% L:18,235.5SHANGHAI
3,130.24
V16.33 H:3,723.9
V0.52% L:2,863.7CAC 40
6,515.75
U230.51H:7,384.9
U3.67% L:5,756.4DAX
14,462.19
U480.28H:16,290.2
U3.44% L:12,438.9DOW JONES
33,213.55
U1951.65H:36,952.6
U6.24%L:30,635.8NASDAQ
12,131.13
U776.51H:16,212.2
U6.84%L:11,035.7S&P 500
4,158.24
U256.88H:4,818.6
U6.58%L:3,810.3NIKKEI
26,781.68
U42.65 H:30,795.8
U0.16% L:24,681.7FTSE EUROFIRST
1,740.02
U52.53 H:1,740.0
U3.11% L:1,336.6SENSEX
54,884.66
U558.27H:62,245.0
U1.03% L:51,179.9ALL ORDS
7,413.10
U22.10 H:7,956.3
U0.30%L:7,031.9S&P TSX
20,748.58
U550.97H:22,213.1
U2.73% L:19,480.0As an ardent online shopper, I
am reassured by the words
“Royal Mail will deliver your
parcel”. I once lost a whole
weekend searching for a
delivery that UPS had lost in
the belly of its depot.
As a potential investor,
though, Royal Mail brings on
a sinking feeling. Impending
economic woe doesn’t bode
well for demand — and its
heavily unionised workforce
leaves it little room for
manoeuvre on costs.
Many of Royal Mail’s big
European rivals have already
trimmed their forecasts for
this year amid rising costs
and bumpy demand. The
500-year-old UK company,
though, maintained at its
results earlier this month that
excising £350 million worth
of costs would “mitigate
macro-economic pressures”.
That, though, is assuming
it can strike a pay deal withFTSE 1007, 8 0 06,8007,0007, 2 0 07,4 0 07,6002021 2022
Source: Refinitiv/EikonTHE WEEK IN THE MARKETS
staff. The Communication
Workers Union wants a “no
strings” rise in line with
inflation — probably 10 per
cent by the end of this year.
Royal Mail is offering 3.5 per
cent, plus extra for hitting
certain targets. Either a
damaging strike ballot — the
first at Royal Mail in almost a
decade — or a far more
expensive wage bill — the City
reckons posties could pocket
7 per cent more — beckons.
Rising costs are already
hitting Royal Mail: margins at
both its GLS business, which
operates across Europe and
the US, and its UK post and
parcels arm fell in the second
half of last year. There was a
13 per cent slump in UK
parcel volumes, and analysts
expect another 10 per cent
decline this year as online
retailers withdraw free-
delivery deals and the cost-of-living crisis further erodes
our shopping habits.
On top of this, last year’s
bumper Covid mail deliveries
— test kits made up 7 per cent
of the UK business’s parcels
in the 12 months to March —
have now stopped.
Letter-writing, too, could
decline further; another rise
in stamp prices looks
imminent, with a first-class
letter possibly exceeding £1.
Meanwhile, Royal Mail has
strong competition — from
Amazon and international
rivals such as DPD.
The company isn’t in real
trouble — it has about
£300 million of net cash on
the balance sheet — but with
only about half of parcels
processed automatically, it
still needs big investment to
compete with its rivals.
The shares have already
almost halved in value from a
year ago to 321p today, giving
a temptingly low price-to-
earnings ratio of six — but the
outlook looks even gloomier.
“Inflationary pressures and a
domestic business with a
constrained rate of change
makes for a highly
challenging future,” say
analysts at Peel Hunt.
Royal Mail isn’t going to
deliver. Sell.Red-letter
day looks
far away at
Royal Mail
Royal Mail600p3004005002021 2022
Source: Refinitiv/Eikonvariation 12 months
high low
UK 1.55 V0.35 2.01 0.51US 1.93 V0.86 3.14 1.17JAPAN -0.01 V0.17 0.25 0.00GERMANY 0.29 V0.65 1.14 -0.5010-YEAR BOND YIELDS %
DOLLAR
USD > GBP$1.26
U0.01
12-month high: $1.42
low: $1.22EURO
EUR > GBP€1.18
V0.01
12-month high: €1.21
low: €1.16YEN
YEN > USD¥127.07
V0.78
12-month high: ¥130.85
low: ¥109.04OIL
DOLLARS/BARREL$119.00
U6.45
12-month high: $127.98
low: $65.18GOLD
DOLLARS/TROY OZ$1,853.31
U7.63
12-month high: $2,052.41
low: $1,726.11BITCOIN
DOLLARS$28,766.82
V324.12
12-month high: $68,789.62
low: $26,350.49
Price at 10pm FridayFTSE 100
7,585.46
U195.48 H:7,672.4
U2.65% L: 6,844.4FTSE 250
20,372.52
U536.57 H:24,250.8
U2.71% L: 19,169.8RISERS
Kainos: £12.50, U 21% on positive
outlook Pets at Home: 337p, U 20.8%
on upbeat profits Ocado: 901.4p, U
19.4% on swing in sentiment FirstGroup:
134p, U 19.3% on takeover offer
Source: AJ Bell/SharepadFALLERS
Drax: 656p, V 17.8% on potential
windfall tax Quilter: 119.6p, V 15.9% on
broker downgrades IntegraFin: 291p, V
15.6% on downbeat outlook Harbour
Energy: 382.1p, V 15.4% on potential
windfall taxLUCY TOBIN THE ECONOMY
Consumer prices index current rate prev. month9% 7%
CPI including housing current rate prev. month
7.8% 6.2%
Retail prices index current rate prev. month11.1% 9.0%
Average weekly earnings on prev. monthon last year
£615 U 2.3%U9.9%
Unemployment current rate prev. month1.26m 3.7% 3.8%
Manufacturing output on the yearon last monthU1.9% V 0.3%
Retail sales on the yearon last monthV^ 4.9%U 1.4%
UK trade
balance (£bn)latest 3 mthsprev. 3 mths latest 12 mths
-32.53 -6.15 -56.35
Gross domestic
productlatest quarter prev. quarterannual change
U0.8% U1.3% U8.7%
Budget deficit
(PSNB) in £bnlast month prev. month year to dateV 18.6 V^ 14.7 V18.6
92 RS 932.5+23.51255.0868.0 1.9 19.2 4.4
151 Safestore 1124.0 +53.01418.0931.0 1.8 6.4 2.4
60 Sage 673.0 +6.0 853.8637.6 2.724.3 6.8
49 Schroders 2936.0 +112.03871.0 2752.0 4.2 13.3 8.0
39 Scottish Mortgage IT 794.8+57.81543.5693.2 0.5 2.0 11.4
35 SEGRO 1118.5 +2.01436.5 1032.5 1.9 3.3 13.4
190 Sequoia Economic Infra IF 98.0 +0.2 114.6 96.0 6.4 11.0 1.7
171 Serco 173.9+22.2 173.9 121.2 1.4 7.1 2.1
54 Severn Trent 2939.0 -174.03211.0 2453.0 3.5 N.A 7.3
155 Shaftesbury 603.0 +34.5 662.0547.5 1.4 5.9 2.3
1 Shell 2380.0 +43.5 2404.0 1339.0 3.2 10.7 177.1
40 Smith & Nephew 1296.0+23.51592.51179.0 2.4 27.4 11.3
71 Smiths 1554.5+41.01635.0 1355.5 2.524.7 5.8
158 Smithson Invest Tr 1304.0 +59.0 2025.01215.0 0.0 4.2 2.3
131 Softcat 1435.0 +108.0 2240.0 1266.0 1.5 28.1 2.9
117 Spectris 3036.0 +60.0 4083.0 2458.0 2.4 10.0 3.3
51 Spirax-Sarco Engineering 10565.0+170.0 17135.010230.0 1.333.3 7.8
26 SSE 1752.5 -160.0 1920.0 1445.5 4.9 7.3 18.7
166 SSP 275.6 +40.8 325.5207.8 0.0 N.A 2.2
58 St James's Place 1267.5+32.51731.5 1180.0 4.1 24.2 6.9
27 Standard Chartered 627.0 +40.4 627.0410.0 1.5 12.8 18.6
126 Tate & Lyle 755.0 +0.5800.0629.4 4.8 74.2 3.0
87 Taylor Wimpey 130.3+3.0 182.9120.3 6.6 8.6 4.6
191 Templeton Emerging Mkts IT 147.2 +1.8 1040.0 140.6 2.6 1.4 1.7
25 Tesco 258.5 -1.8303.4 221.8 4.2 13.2 19.5
182 THG 152.0 +6.9 684.0 80.0 0.0 N.A 1.9
144 Travis Perkins 1213.0 +68.0 1830.01127.5 3.1 11.7 2.5
106 Tritax Big Box Reit 203.6 +1.6249.0 196.3 2.6 3.7 3.8
149 Ultra Electronics 3368.0 +48.0 3370.0 2028.0 0.536.0 2.4
5 Unilever 3475.5-41.0 4360.0 3328.0 4.2 17.6 88.7
91 Unite 1127.0+71.01237.0990.2 1.1 13.1 4.5
57 United Utilities 1044.0-86.0 1176.5968.4 4.2 95.1 7.1
164 Virgin Money UK 152.9 +11.8 218.1 139.7 2.3 4.0 2.2
176 Vistry 898.0 +64.01346.5760.5 6.7 7.9 2.0
187 Vivo Energy 140.2 -2.4 149.0 96.4 3.2 16.1 1.8
16 Vodafone 130.1+9.0 139.5106.9 5.8 N.A 36.6
160 Watches of Switzerland 948.5 +47.01518.0786.0 0.031.0 2.3
97 Weir 1574.0 +85.01988.0 1429.0 1.526.6 4.1
168 WH Smith 1612.5+92.51805.51311.0 0.0 N.A 2.1
77 Whitbread 2730.0 +63.0 3438.0 2436.0 1.3132.1 5.5
104 Wise 378.5 +9.51150.0 319.8 N.A 170.7 3.9
124 Wizz Air 2993.0-92.0 5398.0 2496.0 0.0 N.A 3.1
175 Worldwide Healthcare Trust 3075.0 +35.0 3910.0 2935.0 0.9 15.3 2.0
41 WPP 926.4-34.21224.0875.6 3.4 17.7 10.167 JD Sports Fashion 120.0 -1.61170.0 112.0 0.0 144.9 6.2
142 Jet2 1197.0 +69.01423.0938.6 0.0 N.A 2.6
192 John Wood 250.3 +7.4 257.1 151.0 0.0 N.A 1.7
103 Johnson Matthey 2113.0 -247.0 3200.01721.0 3.634.6 3.9
194 Keywords Studios 2250.0 +74.0 3302.0 1952.0 0.161.4 1.7
80 Kingfisher 265.7+18.9 376.0237.0 4.7 6.7 5.3
72 Land Securities 774.6 +33.4 813.2653.2 3.8 6.6 5.7
32 Legal & General 262.2+11.3 307.8235.2 7.0 8.1 15.6
18 Lloyds Banking 45.2 +1.6 55.1 41.3 4.4 6.1 31.2
15 London Stock Exchange 7558.0 +288.0 8504.0 6370.0 1.3 78.1 42.1
145 Londonmetric Property 258.2+11.6 285.2 231.4 3.0 3.3 2.5
74 M&G 217.9 +11.1 248.6 178.3 8.4 72.1 5.6
112 Man 257.8+21.7 257.8 176.5 4.5 9.6 3.4
128 Marks and Spencer 149.9+13.0 256.9 131.6 0.0 9.9 2.9
133 Mediclinic International 386.2+29.2 386.6275.8 0.8 18.8 2.8
68 Meggitt 777.0+4.0 839.2397.0 0.0 194.3 6.1
73 Melrose Industries 129.0+10.9 190.8 107.6 1.4 N.A 5.6
52 Mondi 1560.5 +83.5 2068.0 1309.0 3.5 11.8 7.6
165 Monks Investment Trust 976.0+31.01472.0928.0 0.2 3.0 2.2
14 National Grid 1164.0-46.51245.5884.6 4.4 19.4 42.4
193 Nationwide Building Society 163.5 -0.5 191.0 163.5 0.0 N.A 1.7
24 Natwest 227.2+16.9 253.5 192.2 4.6 8.8 23.8
47 Next 6540.0 +410.0 8426.0 5770.0 1.9 12.5 8.5
169 Ninety One 234.6+14.6 277.4 216.2 6.2 10.5 2.1
61 Ocado 901.4 +146.6 2090.0727.8 0.0 N.A 6.8
153 OSB 528.5+17.5599.0 418.8 4.9 7.0 2.3
137 Oxford Nanopore Tech 327.0 +4.5 716.0 254.5 0.0 N.A 2.7
76 Pearson 742.8-16.0869.4 571.8 2.835.6 5.5
139 Pennon 1011.0-56.0 1321.0992.0 3.4 82.2 2.7
56 Persimmon 2237.0 +117.0 3238.0 2032.0 10.5 9.1 7.1
184 Personal Assets Trust 48700.0+450.050900.047150.0 1.1 8.7 1.8
136 Petershill Partners 233.0 +0.5 352.0194.8 N.A13.7 2.7
197 Pets at Home 337.0 +58.0 519.0278.0 3.5 13.7 1.7
65 Phoenix 646.2 +20.0 752.0 571.2 7.6 N.A 6.4
195 Playtech 562.0 +23.0 770.0351.0 0.0 3.0 1.7
143 Polar Capital Tech Tr 1940.0 +54.0 2750.0 1816.0 0.0 3.3 2.6
177 Primary Health Properties 148.0+3.3 169.6 131.1 3.4 15.1 2.0
20 Prudential 1030.0 +24.01553.5881.0 1.3 15.5 28.3
167 QinetiQ 369.0 +7.0 369.0 243.0 2.023.8 2.1
199 Quilter 119.6 -2.3 168.9 114.6 5.5 75.7 1.7
13 Reckitt Benckiser 6118.0 -124.0 6624.0 5391.0 2.9 N.A 43.7
181 Redrow 529.0+17.0 718.8500.0 5.4 6.6 1.9
12 Relx 2283.0+18.0 2449.0 1838.5 2.230.1 43.9
118 Renewables Infrastructure 130.8 -2.0 139.4 123.2 5.2 13.4 3.2
132 Renishaw 3922.0 +52.0 5580.0 3704.0 1.7 22.4 2.8
44 Rentokil Initial 509.2+18.7 636.2444.5 1.3 36.1 9.5
82 Rightmove 595.8 +38.6800.4533.4 1.328.0 5.0
4 Rio Tinto 5702.0 +253.0 6305.0 4375.5 11.0 5.6 95.1
105 RIT Capital Partners 2455.0 +105.0 2765.0 2330.0 1.4 4.5 3.8
55 Rolls-Royce 86.9+3.6 147.5 78.3 0.059.2 7.3
157 Rotork 268.8 +5.0 373.4260.2 2.4 29.2 2.3
125 Royal Mail 321.0 +5.6 606.4300.0 2.1 5.2 3.1172 Dr Martens 209.2 +9.8 503.5 182.9 0.638.3 2.1
140 Drax 656.0 -142.5 831.5 393.8 2.950.8 2.6
96 DS Smith 309.1+10.8 462.3 293.1 4.2 17.5 4.2
189 Dunelm 870.5 +43.01521.0823.5 2.6 11.7 1.8
99 Easyjet 532.0+14.61010.5 439.5 0.0 N.A 4.0
150 Energean 1334.0-33.01391.0620.0 0.0 N.A 2.4
48 Entain 1433.0 +30.02377.0 1234.0 0.032.0 8.4
22 Experian 2695.0 +142.0 3667.0 2506.0 1.5 27.1 24.8
94 F&C Investment Trust 833.0 +28.0946.0779.0 1.5 4.8 4.3
183 Fevertree Drinks 1575.0 +22.02812.0 1460.0 1.041.3 1.8
188 Finsbury Growth & In Tr 797.0 +22.0 930.0756.0 1.1 16.4 1.8
31 Flutter Entertainment 9546.0 +358.0 15890.0 7922.0 0.0 N.A 16.8
115 Frasers 689.5+27.5 813.5 562.5 0.0 N.A 3.3
70 Fresnillo 802.0+17.6986.8 622.4 3.5 17.7 5.9
152 Future 1960.0 +22.0 3910.0 1831.0 0.127.7 2.4
154 Games Workshop 7150.0 +175.0 12220.0 6365.0 2.9 19.7 2.3
185 Genus 2734.0 +50.0 6070.0 2234.0 1.250.4 1.8
10 Glencore 526.2 +28.9 535.6296.2 3.9 17.8 69.2
162 Grafton 948.0+71.01412.0873.3 3.2 11.0 2.2
156 Grainger 312.2+10.8 335.0 269.8 1.7 15.4 2.3
110 Greencoat UK Wind 151.0 -6.0 159.9 126.6 4.8 8.3 3.5
159 Greggs 2240.0 +84.0 3416.0 2094.0 2.5 19.6 2.3
6 GSK 1733.2-30.81810.4 1337.8 4.3 17.2 88.0
46 Halma 2265.0 +118.03216.0 2080.0 0.832.8 8.6
109 Harbour Energy 382.1-69.4 530.0 20.0 2.339.5 3.5
180 HarbourVest Global PE 2350.0 +165.0 2940.0 2070.0 0.0 1.9 1.9
98 Hargreaves Lansdown 852.0 -5.21677.0 826.4 4.6 15.2 4.0
173 Hays 123.3 +3.8 176.7 112.4 1.8 17.8 2.0
186 HgCapital Trust 389.5 -4.0454.0330.5 1.8 2.8 1.8
113 HICL Infrastructure 175.4 -2.2 183.0 161.0 4.7 9.2 3.4
107 Hikma Pharmaceuticals 1688.5-49.5 2690.0 1676.5 2.6 11.8 3.7
200 Hilton Food 1124.0-64.01250.0 1004.0 2.625.3 1.0
116 Hiscox 956.0 +11.8990.2 778.6 2.922.0 3.3
100 HomeServe 1165.0 +1.01166.0608.5 0.629.6 3.9
102 Howden Joinery 675.8 +23.4 975.6649.8 2.9 12.7 3.9
3 HSBC 532.4+41.7 567.2359.8 3.8 11.8 107.0
123 IG 725.0+14.0 945.0 702.0 6.0 7.5 3.1
108 IMI 1366.0 +84.01838.0 1246.0 1.7 18.6 3.6
30 Imperial Brands 1797.0 +6.51857.0 1486.0 7.8 8.4 17.0
135 Inchcape 740.0 +40.5933.0 647.0 3.0 25.1 2.8
161 Indivior 322.2+8.0336.8 144.7 0.018.7 2.3
50 Informa 548.0 -2.0624.0464.4 0.0 108.5 8.0
45 InterContinental Hotels 4936.0 +200.0 5338.0 4399.0 1.5 43.1 9.1
88 Intermediate Capital 1596.0 +200.0 2379.0 1338.5 4.8 8.7 4.6
64 International Group Airlines 130.5 +5.4 209.4 116.2 0.0 N.A 6.5
121 International Public Parts 165.4 -1.2 174.8156.0 4.6 21.6 3.2
53 Intertek 4675.0 -224.0 5782.0 4594.0 2.326.3 7.5
85 Investec 470.0 +2.4 536.8270.5 3.9 11.9 4.7
178 ITM Power 313.5 +8.9 521.0 228.0 0.0 N.A 1.9
134 ITV 70.6 -0.9 132.5 67.1 4.7 7.6 2.8
147 IWG 247.6 +6.6 380.0 222.1 0.0 N.A 2.5
79 J Sainsbury 231.1 -1.6340.0227.9 1.4 8.0 5.436 3i Group PLC 1282.5+61.01503.51138.5 3.6 3.1 12.5
120 3I Infrastructure 355.0 +6.5 366.5294.5 2.9 7.8 3.2
138 Abcam 1172.0+21.01750.0 1049.0 0.0 687.8 2.7
95 Abrdn 196.2+10.7299.0 178.9 7.4 4.3 4.3
62 Admiral 2238.0 +64.0 3688.0 2147.0 5.8 11.4 6.7
69 Airtel Africa 159.9+14.9 160.3 76.7 2.5 12.0 6.0
130 Alliance Trust 961.0 +35.01078.0901.0 2.0 5.6 2.9
11 Anglo American 3803.0 +279.54170.5 2470.5 6.0 7.0 50.9
33 Antofagasta 1470.0+47.51781.5 1227.0 8.2 14.2 14.5
196 Ashmore 241.0+18.0 410.8216.0 7.0 8.2 1.7
29 Ashtead 4120.0 +272.0 6450.0 3765.0 1.2 19.7 18.2
34 Associated British Foods 1736.0 +122.0 2367.0 1548.5 1.5 17.3 13.7
170 Assura 71.1 +3.8 79.8 59.6 3.7 12.7 2.1
2 AstraZeneca 10580.0+86.0 10930.0 7932.0 2.1 N.A 163.9
78 Auto Trader 576.8+26.2 741.8536.6 1.422.6 5.4
83 Avast 478.3 -5.5 645.4464.0 2.718.0 5.0
59 Aveva 2273.0 +94.0 4220.0 1924.0 1.6 N.A 6.8
37 Aviva 440.9 +28.8 458.2370.9 6.653.0 12.3
90 B&M European Value Retail 452.1+29.7 644.0422.4 4.0 10.5 4.5
198 Babcock International 332.2+19.8380.2 255.9 0.0 N.A 1.7
23 BAE Systems 766.8+18.2 771.6522.0 3.3 14.0 24.2
19 Barclays 170.4+17.7 217.1140.6 3.5 4.9 28.5
81 Barratt Developments 503.6+14.7 774.0459.1 6.6 7.9 5.1
127 Beazley 487.2+13.0 504.0294.4 2.8 12.3 3.0
129 Bellway 2349.0 +66.0 3689.0 2232.0 5.4 7.1 2.9
86 Berkeley 4235.0 +113.0 4943.0 3670.0 0.2 10.6 4.7
148 Big Yellow 1330.0 +88.01724.0 1200.0 3.0 3.5 2.4
8 BP 430.7+13.5435.3 278.5 4.0 N.A 83.3
141 Bridgepoint 318.2+33.2569.0 255.4 1.1 19.6 2.6
9 British American Tobacco 3550.5 +120.0 3580.5 2512.5 6.1 12.3 80.4
84 British Land Company 526.2 +7.2 556.4463.1 3.8 5.1 4.9
163 Britvic 828.0+14.5 1006.0741.0 3.1 19.1 2.2
28 BT 184.3 -0.8205.6 135.2 4.2 14.7 18.3
42 Bunzl 2858.0 +43.03163.0 2251.0 2.0 21.7 9.6
63 Burberry 1670.5 +84.5 2264.0 1482.0 2.8 17.1 6.6
174 Caledonia Investments 3725.0 +145.0 4100.0 3030.0 1.7 3.4 2.0
38 Carnival 986.4+10.21865.4872.0 0.0 N.A 12.4
89 Centrica 77.2-10.9 89.6 45.5 0.0 7.7 4.6
179 City of London Inv Tr 421.5+10.0425.0 377.0 4.6 6.4 1.9
66 Coca Cola HBC 1755.5 +67.0 2784.0 1460.5 3.4 13.8 6.4
17 Compass 1799.5+91.51820.5 1407.5 1.343.8 32.0
122 Computacenter 2558.0 +78.0 3030.0 2390.0 2.6 15.9 3.1
93 ConvaTec 214.0 -3.2 262.6166.9 2.246.5 4.4
21 CRH 3289.0 +139.0 4002.0 2910.5 2.9 12.7 25.1
43 Croda International 6882.0 +152.0 10410.0 6524.0 1.530.0 9.6
146 Darktrace 358.7 -4.4985.0 319.8 0.0 N.A 2.5
75 DCC 5616.0 -184.0 6486.0 5500.0 3.1 17.8 5.5
101 Dechra Pharmaceuticals 3610.0 +160.0 5405.0 3148.0 1.153.9 3.9
114 Derwent London 3022.0+12.0 3802.0 2786.0 2.1 13.5 3.4
7 Diageo 3643.5 +45.54103.5 3343.0 2.028.0 83.3
119 Diploma 2574.0 +134.0 3460.0 2400.0 1.843.5 3.2
111 Direct Line Insurance 260.0+9.6 316.4 231.4 8.7 10.8 3.4TOP 200 COMPANIES
Market cap ranking
V Priceon weekChangehigh52-week lowYield P/EMkt Cap(£bn)
Market cap ranking
V Priceon weekChangehigh52-week lowYield P/EMkt Cap(£bn)Market cap ranking
V Priceon weekChangehigh52-week lowYield P/EMkt Cap(£bn)Market cap ranking
V PriceChangeon weekhigh52-week lowYield P/EMkt Cap(£bn)Price/earnings ratios are based on historic data, with yield and p/e values
calculated from most recent reported dividends and earnings per share, using
trailing 12-month figures. P/E is not calculated when last twelve months EPS is
less than or equal to zero. 52-week highs and lows are end of day. Excludes
exchange-traded funds. nc = no change. N.A. = not applicable. Source: Refinitiv