Somerset CCC secures cash for Taunton pavilion upgrade Page 4
Gold rush is all over for pawnbroker BY GRAEME EVANS wdbusiness@b-nm.co.uk Desperately needing to raise some quick cash to shore up the finances is not an unfamiliar requirement at a pawnbroker. But at Britain’s second biggest – founded in the Bristol suburb of Bedminster – it is the pawnbroker itself that is feeling the financial pitch. Attempts by Albemarle & Bond to secure a £35 million cash injection have failed to come to fruition. It said it had not been able to
59%
Albemarle & Bond shares lost half value yesterday, down 41p to 28p conclude negotiations with its biggest shareholder over a deeply-discounted rights issue, which it needs in order to repair its balance sheet. The company – which opened the first of its more than 200 branches in East Street, Bedminster in 1983 – is now focused on talks with its lenders after they agreed a month’s breathing space on covenant tests due on the £51 million debt pile. Albemarle said the deferral agreement included the appointment of a chief restructuring officer. Shares in the firm, now based in Reading, slumped by 59 per cent yesterday and have dropped by around 80 per cent
over the last year. Andrew Watson, an analyst at N+1 Singer, said the latest developments placed the company in a “precarious position”. He added: “Albemarle now has a reduced lending facility and faces the prospect of a near-term restructuring approaching a covenant test at the end of this month. We believe that this could result in store closures and staff reduction.” The company has been slashing costs, including through the closure of 33 popup gold buying stores, as it looks to overcome the impact of the sliding gold price on its finances. The group, which had around 230 stores, has recently appointed a new chief executive in Chris Gillespie from doorstep lender Provident Financial. But the outcome of four months of talks with Texasbased EZCORP, its biggest shareholder, over underwriting the £35 million cash call failed to win the backing of Albemarle’s board. With the test of its banking covenants now delayed until October 30, Albermarle said it was focusing its efforts on “constructive discussions with the banks to explore all possible options to remedy potential covenant breaches later in the current financial year.” The price of gold has plunged by about a third over the past two years, squeezing the group’s profitability and leaving it at “high risk” of breaching banking covenants.
West business cautiously backs the PM West Country business leaders have largely praised Prime Minister David Cameron’s pro-business speech to the Conservative Party conference. The Prime Minister told the conference in Manchester that the UK economy was “beginning to turn the corner” and pledged to build “a land of opportunity for all” by backing business, home-ownership and education as times get better. Tory activists heard that profit, wealth creation, tax cuts and enterprise are “not dirty words” Phil Smith, managing director of Business West, said: “It is encouraging to hear the
Business West managing director Phil Smith backed Mr Cameron’s keynote speech
Prime Minister David Cameron praised his wife – Bristol University graduate Samantha – as an example of a British entrepreneur during his business-focussed speech to the Conservative Party conference yesterday
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Prime Minister put enterprise, wealth generation and aspiration at the forefront of his speech. This will strike a chord with businesses of all sizes, as only business growth can propel Britain's economy from being just good to being truly great. However fine words demand fine deeds and business will want to see ambitious and rapid actions from the government particularly in getting British infrastructure fit for purpose. “We also support his mission to ensure that everyone under the age of 25 is either ‘earning or learning’, as we cannot allow Britain’s next generation to be left behind. “But if our political class descends into cheap electioneering and giveaway politics, it will have wasted a once-in-ageneration attempt to build a
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Hint of the exotic about new brew BY TINA ROWE tina.rowe@b-nm.co.uk Notorious Victorian con artist the Princess of Caraboo will make an unlikely appearance at Bristol Beer Week in the form of a new brew. And it has taken two very modern women to perfect the new incarnation. Kaite Loomes, food science graduate and founder of Kubla Brewery, a Somerset microbrewery, has teamed up with award-winning beer expert Sophie Atherton to create the
Beer Sommelier of the Year Sophie Atherton is one of the brains behind Princess Caraboo – hoppy with a hint of coconut
1817
Year in which Devon cobbler’s daughter hoodwinked Bristol’s gentry into believing she was from a tiny island in the Indian Ocean new brew with a character as exotic as the Princess herself. Kaite founded Kubla at Lydeard St Lawrence just under a year ago using herbs and other plants from her garden to enhance the flavours of her beers, which she matches with certain dishes in the same way that wine is partnered with food. Sophie, from Devon, is Beer Sommelier of the Year, and the two met while visiting another brewery in London. Kaite said: “Sophie came to
see us and really liked our beers so I thought I’d ask if she wanted to brew something with me.” The two women came up with a recipe for a beer which they say is “pretending to be a cocktail”. Given this masquerade – and the fact that it is for the city’s Beer Week from October 3-9 – they decided to name the brew after infamous Bristol character Princess Caraboo. The princess was actually a cobbler’s daughter from Devon, Mary Willcocks, who in 1817 hoodwinked Bristol’s gentry into believing she was from a tiny island in the Indian Ocean and had ended up in the city after escaping from pirates who had kidnapped her. She is commemorated with a blue plaque at 11 Princess Street in Bedminster. “The story of Princess Caraboo captured our imagination,” said Sophie. “She seems like a young woman trying to escape a mundane existence by creating a story about a more exciting world. We hope that our Princess Caraboo tastes like that – lots of big, hoppy flavours to which we’ve added a little coconut for a tropical twist – a drink that wants to be a beer but something more exotic too,” she added. Explaining her start in the business Kaite, mother of Poppy, seven, and Isla, five, said: “After university I worked for big international companies and after having a family I wanted to start a small-scale business. Liking beer, and wine, I wanted to produce beer which could be matched with food. We have three core beers, and our seasonal sweet fennel beer. When I started I was using plants from the garden, like lavender and camomile, which we matched with spicy food.” Kaite and Sophie’s beer will be officially unveiled at The Crofters Rights pub in Bristol on Monday, October 7. Full details are available on the Bristol Beer Week website: www.bristolbeerweek.co.uk
Kaite Loomes is producing Princess Cariboo ale at her Kubla Brewery near Lydeard St Lawrence
Garden centre welcomes feedback on ambitious plans for redevelopment A family-run garden centre near Bristol has revealed ambitious redevelopment plans. Managing director Phil Hodges says that he and the team at Almondsbury Garden Centre are looking to the future after the recent sale of sister stores in Lechlade and Cheddar. “We are extremely excited about the plans for redevelopment at Almondsbury,” said Phil. “It is important to my family and me that we do rebuild the
garden centre, for both the community and the business itself. The support from our customers both far and wide is one of the main reasons for ensuring that we have a building and facilities that match the quality of our products and our team.” The 80-year-old site on Over Lane covers an area of 18 acres in the heart of Almondsbury. “We will begin an extensive rebuild in late May of 2014 and will be due for completion in the spring of 2015. The plans
The existing four greenhouses will be replaced with one state-of-the-art greenhouse when Almondsbury Garden Centre is redeveloped
will see the demolition of the existing four greenhouses, which will be replaced with one state-of-the-art greenhouse which will also follow the natural curve of surrounding landscapes,” said Phil. The plans went on display again this week along with suggestion boxes with ideas on the interior plans as well as design ideas for the new building. “We now want to engage with our extended family to find out what they would like
to see inside our new centre. We welcome ideas on our brand, colour schemes, uniforms, products as well as any other suggestions that people feel will help our fantastic local business grow,” added Phil. “We have had a successful business in Bristol for 80 years and we see no reason why it will not be around for 80 more. We are building for the future, a legacy for our children and somewhere that inspires all gardeners.”
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PM’s words find favour with West leaders
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Brunel and Dyson lose out to Bell in best engineers poll
CONTINUED FROM PAGE 1 strong new foundation for economic growth. “David Cameron has set out a clear vision, but having got this far we need the Government to keep its foot on the accelerator – focusing on creating an environment that supports enterprise and puts economic growth at its heart.” Tom McCarthy, director of the Bristol branch of the Institute of Directors, said he welcomed Government’s recognition that businesses create jobs and put money in people’s pockets and said it was vital to have a tax structure that encouraged them. “Small and medium-sized businesses have a crucial role in helping Britain trade out of its recent difficulties,” he said. Sam Holliday, development manager of the Federation of Small Businesses for the region, said: “It was very encouraging to hear Mr Cameron praise small businesses for their hard work and dedication and it was particularly refreshing to hear him cite the example of his wife and the excitement she felt about starting her own business. “Over the past few weeks of the party political conference season we have seen all the parties praising the role of small businesses and we wel-
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Members of the Thornbury Community Garden group are joined by Richard Truscott, of Almondsbury Garden Centre, during a plant presentation in Thornbury, part of the garden centre's charity and community initiative
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come this support for the small business community. “We hope politicians of all persuasions will continue to work with us on the issues that affect our members so we can help to grow the economy and create jobs.” In his address earlier, Mr Cameron had praised entrepreneurs, saying: “To all those people who strike out on their own, who sit there night after night, checking and double checking whether the numbers stack up, I say I have so much respect for you – you are national heroes. “People setting up new businesses need finance – that’s why we’ve brought in Start-up Loans. “They need their taxes cut – and we’re doing it – up to £2,000 off your National Insurance bill for every small business. “And it’s working. Let me tell you how many businesses have started up in Britain since the election: over 300,000.” He also attacked Labour plans to reverse a proposed cut in corporation tax as likely to put off businesses from moving to this country, saying it was “just about the most damaging, nonsensical, twisted economic policy you could possibly come up with”. Last week Labour leader Ed Miliband had tried to position Labour as the party of small business, casting the Tories as the friends of big corporate fir ms.
Engineers Isambard Kingdom Brunel, left, and James Dyson Telephone inventor Alexander Graham Bell has topped a poll of the greatest British engineers, ahead of more modern counterparts. He was ahead of George Stephenson, who invented the steam engine, Bristol’s favourite son Isambard Kingdom Brunel, the man behind the Great Western Railway, and colour TV inventor John Logie Baird. The historic engineers beat contemporary inventors such as Wiltshire entrepreneur James Dyson in the survey of 2,000 members of the public by the Institution of Engineering and Technology (IET). Barry Brooks, who took over as IET president this week, said: ‘The survey highlights a lack of awareness of the central role of engineering and engineers in our everyday lives. Engineering and technology benefits everyone, everywhere in the world. When you turn on the lights, receive calls and data on your mobile phone, or drive your car, these things couldn’t have been done without the work of engineers’
Deals wrapped up with help of legal experts Real estate experts at UK law firm Burges Salmon have helped St Modwen complete two deals in the West. These include the second phase of development at the £35 million Castledown Business Park scheme in Wiltshire, and the sale and entry into a Development Agreement with Gardiner Bros at Quedgeley West Business Park in Gloucester. Regeneration specialist St Modwen has, in conjunction with Wiltshire Council, started work on the second phase of development at the Castledown Business Park scheme in Ludgershall. This deal will see St Modwen, which is the developer of the 33-acre employment site that is owned by Wiltshire Council, deliver Brydges Court, 33,650 sq ft of new accommodation in 15 units designed for office, storage and industrial use, on behalf of Wiltshire Council. The units will be ready for occupation in January 2014. The second deal has seen St Modwen sign an agreement with Gloucestershire-based footwear specialist, Gardiner Bros & Co (Leathers) Ltd, to develop a custom-built warehouse at Quedgeley West Business Park. Gardiner Bros will take occupation of the premises in spring 2014.
FOR SALE BY PUBLIC AUCTION On Tuesday 15th October 2013 at The Millennium Hotel, 44 Grosvenor Square, Mayfair, London W1 (unless previously sold or withdrawn)
Former TJ Hughes Department Store, 17/21 High Street Weston-Super-Mare, Somerset BS23 1HA On the Instructions of Joint Fixed Charge Receivers at CBRE
Approximately 38,000 sq ft Freehold Property over 5 Floors in Town Centre Location Of Interest to Owner Occupiers, Developers and Investors Guide Price £750,000 Contact David Margolis t: 0207 182 2544 e: david.margolis@cbre.com Online catalogue www.cbre.co.uk/auctions
4 WEST COUNTRY BUSINESS THURSDAY OCTOBER 3 2013 WESTERN DAILY PRESS
Pub set to be turned into supermarket
Snack business wins new supply deal
Another pub in Yeovil could be turned into a supermarket. Residents living near the Green Dragon pub, on St Michael’s Avenue, have received a letter from Cerda Planning Ltd claiming it is looking to “progress with proposals for change of use of the pub to a food retail store”. Director of the firm, Michael Robson, said the letter was issued on behalf of pub owners Marston’s. Rumours that Marston’s had agreed a sale with the Co-operative could not be confirmed.
A Somerset business specialising in healthy snacks and gourmet oils has secured a supermarket supply deal. Filbert’s Fine Foods has established a new supply lead with North of England supermarket chain Booths. In July, the Somerset snack business, which trades as Mr Filbert’s, secured £35,000 in funding to support its £82,000 investment plans to bring its packaging inhouse at its Glastonbury base, with growth forecast to create several new jobs.
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Mayor keen to see solar panels on city’s council homes Bristol mayor George Ferguson is expected to press ahead with plans to install solar panels on the roofs of thousands of council homes and public buildings. The four-year, £47 million programme is expected to reduce tenants’ annual electricity bills by between £130 and £260 and reduce the city’s carbon footprint by more than 18,000 tonnes a year
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Redevelopment hopes at long-derelict site
Another award for microchips specialist
A breakthrough should allow redevelopment of part of a derelict Bath landmark. A developer who owns part of the old Herman Miller factory in Lower Bristol Road is now waiting for an agreement document from Bath and North East Somerset Council that will allow him to start work on his half of the site. This will initially mean two new shops being created. But there is still no progress on a longawaited Lidl supermarket in the other half of the plot.
A company that builds equipment for testing tiny microchips is making a big impact as an exporter after being awarded its third Queen’s Award. Metryx, which moved from Nailsea to Aztec West, Bristol, 18 months ago continues to grow and was presented with the Queen’s Award for Enterprise by the Duke of Gloucester. The firm previously won the enterprise award in 2007 and the innovation award the following year.
The funding deal agreed with Barclays should ensure revamps to Somerset’s ground in Taunton go ahead
Barclays Bank announced yesterday that it had provided a significant re-finance facility to enable Somerset County Cricket Club to progress with a £3.8 million redevelopment project which will commence in September 2014. The lending comes on the back of finance already secured from the England and Wales Cricket Board and Taunton Deane Borough
Council. It is a crucial component of the club’s business plan, which will allow the development of the Somerset Pavilion following the demolition of the Old Pavilion. The new pavilion will include covered seating, a large bar and meeting area, corporate facilities and a media centre. It should open in September 2015. Guy Lavender, chief exec-
utive of Somerset County Cricket Club, said: “We are incredibly excited by this project which will complement the superb facilities that we have managed to create at the County Ground over the last few years. Not only will the build provided an excellent venue to enjoy domestic cricket, it will also meet the technical requirements for international cricket allowing
us to stage international fixtures in the future; a great prospect for all cricket fans and the local economy. “We would also like to welcome Barclays on board as our new financial partner.” Philip Walker, Barclays relationship director, Corporate Banking, added; “We have an appetite to lend to organisations and businesses such as this in the South West.”
Sainsbury’s sweeping floor with Tesco in store wars
Chancellor praises Bloodhound land speed record project A Bristol project attempting to break the land speed record has been praised by George Osborne. In his speech at the Conservative Party Conference, he said: ‘The other day I went to meet the people building a car that will travel at 1,000mph. It’s called the Bloodhound. Built in Bristol by British engineers and British apprentices and British companies’ HOLIDAY MONEY, PAGE 7
Funding secured for Somerset cricket revamp
BY HOLLY WILLIAMS wdbusiness@b-nm.co.uk
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Webbing maker nets money for new staff
Change of ownership at two pubs in city
A company that makes webbing has netted a £21,000 grant that will help it to hire five new people. Polystrop, based in Kingswood, is the latest beneficiary of the grant from the Going For Growth campaign, supported by the Western Daily Press and the West of England Local Enterprise Partnership. The LEP is continuing to distribute money from the £25 million Regional Growth Fund, set up to aid jobs growth in the area.
There has been a change of ownership at two of the pubs in Wells. The Sun Inn on Union Street will soon become a Greek taverna serving meze and traditional food. The Full Moon, on Southover, will remain a pub now that it has been bought by Sean Dyke and his partner Sarah Nichols. The city is due to get a new pub in January when JD Wetherspoon opens The Quarter Jack on Priory Road.
Tesco’s half-year profits tumbled by almost a quarter yesterday after underlying sales declines in the UK and every one of its overseas markets. Once the driving force behind the group, its European and Asian businesses were hit by steep profit falls, contributing to a 23.5 per cent drop in pre-tax profits to £1.39 billion. Tesco insisted its turnaround efforts were paying off with an improved performance in the UK, where trading profits rose 1.5 per cent to £1.13 billion in the six months to August 24. It is a feeling echoed by Richard Hunter, head of equities at Bristol-based Hargreaves Lansdown Stock-
brokers. He said there was scope for further growth at Tesco in the UK as its £1 billion overhaul gains traction. “Tesco is spinning the strategic plates and is showing some early signs of success,” he said. While UK like-for-like sales excluding fuel fell 0.5 per cent overall in the first half, the group halted declines in the second quarter, with sales remaining flat against a 1 per cent drop in the previous three months. Shares slid more than 3 per cent amid fears that Tesco is losing the battle to keep its international business on track, while rival Sainsbury’s also heaped on more pressure as it reported a better-thanexpected sales increase in its second quarter. Sainsbury’s posted a 2 per cent rise in like-for-like sales
excluding fuel as it continues to gain market share at the expense of its three main rivals. Philip Clarke, chief executive of Tesco, said: “Despite continuing challenges, we have made further progress
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View our directories of West Country shops and small businesses at www.westerndailypress.co.uk on our strategic priorities. Our performance in the UK has strengthened through the half, particularly in our food business, as we have continued our work to Build a Better Tesco,” he added. Sainsbury’s chief executive, Bath University graduate
Justin King, said the trend of “savvy shopping” had continued despite encouraging signs on the economy. He added: “We have delivered strong sales over the quarter, continuing to outperform the market in what remains a tough retail environment.” The retailer said it opened 31 convenience stores and five new supermarkets in the period, adding 307,000 square feet to the estate. Its general merchandise and clothing business continues to grow at over twice the rate of food, with its recently relaunched Tu clothing brand available in nearly 400 stores. George Scott, an analyst at retail consultancy Conlumino, said the chain was seeing “renewed momentum” in the face of intense price rivalry among the “big four”.
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Adding spice to bedrooms across the UK BY MICHAEL RIBBECK wdbusiness@b-nm.co.uk When it comes to knowing what women want and get up to behind closed doors, Matthew Curry has become something of an expert. The 35-year-old from Bristol knows pretty much everything there is to know when it comes to the bedroom habits of not just women, but also men, thanks to his job as marketing manager for one of the country’s most successful online retailers of sex toys, saucy lingerie and all things risque. And the irony that he is privy to the innermost secrets of thousands of women is not lost on the openly gay man. The marketing expert has worked for Bath-based Lovehoney for the last three years and has played a key role in its
£16m last year’s turnover at online sex toys retailer Lovehoney enormous success. He said: “It is weird to be a gay man and know so much about women’s sexual tastes. It’s completely terra incognita to me but I understand the products and what women want.” The firm is targeted at couples and has tried to shed the seedy image that has not surprisingly clung to the sex toy trade. Matthew and his colleagues are keen to get rid of the old-fashioned image and have come up with a website that they hope everyone feels comfortable using. Even though he was working for ready meal firm Wiltshire Farm Foods, his leap into the world of vibrators and underwear is not as odd as first appears. “I somehow ended up on the
internet side of the business for Wiltshire Farm Foods,” Matthew explained. “I did this podcast about the importance of making people feel comfortable using the internet to buy stuff. One of the directors at Lovehoney saw it and he asked me to come and have a chat.” The director was Lovehoney co-founder Neal Slateford, who in a former life was a DJ and member of dance duo DNA. He was looking at ways of making people feel more comfortable about using the website to help them spice up their love life. Matthew said: “At Wiltshire Farm Foods, our customers were older people who felt unsure about buying stuff on the internet. Lovehoney had basically the same problem, people want to feel reassured and comfortable that their money is safe and a big box with the word dildo on the side is not going to be delivered to their home.” Matthew’s natural talents for marketing has seen the firm become a major player. Last year it had a turnover of £16 million. Matthew said: “We don’t really have a typical customer but we do know that 75 per cent of them are in a relationship. The gender split is 50/50 and we also know that couple’s like to go on the internet together to choose what they want.” There are about 80 staff at the firm and many live in Bristol. He said: “There is a big Lovehoney contingent on the train every morning.” He added: “I don’t mind telling people what I do and I don’t mind telling people about our products but there is a line that has to be drawn. “I would not really want to go into to much detail with people about their private lives and what they get up to in the bedroom. Some things are best kept private.”
Jeweller back from brink to be performer Just four months ago, a Bath jeweller was forced to stand and helplessly watch his business burn, after an early morning blaze gutted his city centre store. But after an emotional rollercoaster, combined with hard work and the support of the wider Bath business community, Nicholas Wylde is back on top. The firm, which celebrated 25 years in business last year, has been listed in the top 100 jewellers in the country and named as a Retail Star in the Hot 100 for 2013 – compiled by industry publication Professional Jeweller. The Retail Stars category re-
Nicholas Wylde’s firm has been listed in the top 100 jewellers in the country cognises those shops driving the market forward, constantly innovating and setting new trends. Now based in The Corridor, he said: “I am delighted and honoured to have been featured in the Professional Jeweller Hot 100 listing for 2013. “The last four months has been incredibly challenging and receiving this news has given a boost to myself and the whole team in our determination to bounce back from the fire.” Nicholas Wylde has some 30,000 clients, including members of the Royal Family, couple Jamie Cullum and Sophie Dahl, and Olympic gold medallist Amy Williams. To mark the company’s 25 year anniversary Mr Wylde designed his own diamond – the Wylde Flower. The diamond has 32 more facets than a standard brilliant cut. Mr Wylde, who also has a shop in Clifton, Bristol, said he hoped to have his old store in Northumberland Place reopened in the new year.
Matthew Curry says that the Lovehoney approach is to be open and honest and to aim at couples in a steady relationship looking to spice up their love lives. He adds: ‘Everyone who works here has to spend the first couple of weeks in customer services and there are some pretty frank conversations. Our customers mostly ring up asking for advice on how to use our products. You find yourself talking to people about some bizarre things. It is also difficult for me to work on the train with my laptop’
Wood-burning stoves help car dealer win green award A prestige car dealership based in Chipping Sodbury has won a national award in recognition of its environmentally-friendly site. Williams Automobiles has seen such increased client demand since winning the Green Dealer of the Year Award that it has added two new members to its staff of ten and acquired new lines of stock. Originally, the firm was based in the centre of Bristol but moved to its new location to decrease overhead costs and provide an innovative new retail environment.
Aided by the support of a £200,000 working capital facility from Lloyds Bank Commercial Banking, the new complex consists of converted rural barns specially designed to provide a unique showroom to exhibit the bespoke cars. The dealership has a worldwide customer base with export orders contributing to 20 per cent of total sales. Williams Automobiles was awarded with the Green Dealer of the Year Award after recognising its efforts to run an environmentally friendly site by an independent panel of experts.
From left, Richard Williams, Paul McKenna of Lloyds Bank and Henry Williams at green award winner WIlliams Automobiles in Chipping Sodbury
Eco-friendly features of the showroom include wood-burning stoves in each showroom, Cotswold stone walls, and efficient underfloor heating. The 102-year-old family business is one of the largest dealers of Morgan cars in the UK and turns over £5 million a year. It also sells and services Lotus. It was first established in 1911 by Harry Williams who took the company from selling horses and carts to motor vehicles and luxury cars. Richard Williams, chairman of Williams Automobiles, said: “We are very proud to win this award.”
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Major overhaul of racecourse gets under way
Rain fails to dampen support for golf day This year’s Somerset Chamber Charity Golf Day has been hailed as the most successful yet. Despite the rain and fog, 56 golfers from businesses across Somerset teed off at Taunton and Pickeridge Golf Club on September 26 in support of local charity School in a Bag, raising almost £4,000. Somerset Chamber events manager Sue Higgins said: “It is the first year that we had secured so much sponsorship and support. I would like to thank all the golfers who braved the rain and all our sponsors.”
The diggers have been out, the A&R block and Royal Box pulled down and more ATMs installed – as part of plans to improve race-goer experience at Cheltenham Racecourse, ready for the new season. The start of a £45 million redevelopment of Prestbury Park started earlier this year and over the summer preparations for the bulk of the work are now ready in time for the first meeting of the 2013/2014 season. Ian Renton, who starts his second year as Cheltenham and South West regional director for Jockey Club Racecourses, said he couldn’t wait
Office tower sold in deal worth £7.5m Embassy House in Clifton, Bristol, has been sold in a deal worth £7.5 million. Kames Capital, represented by independent property consultant GVA, has purchased the freehold of the property from Rockspring, advised by Knight Frank. The deal represents a net initial yield of 9 per cent, and a reversionary yield of 11 per cent. The six-storey office tower accommodates retail units and a banking hall on the ground and first floor. The 60,248 sq ft property is let to 19 tenants, including Barclays and Austin Reed.
Ian Renton is looking forward to this month’s The Showcase for this month’s The Showcase – the opening National Hunt event of the course’s season. He said: “It’s really exciting. I thoroughly enjoyed my first season. An awful lot of things were in place for last season before I took over, so it was a case of having a good team around me to make sure that all went to plan. I’m incredibly proud of last season’s festival, especially with the unexpected weather. “This season is very exciting because I’ve been able to make a few changes. We have a new sales and marketing team that operate on a regional basis and that has strengthened what we do in Cheltenham too.” A temporary stand will be built in November. This will last until the end of the 2013/ 2014 season when the core part of the work starts. The focus of the new development is to centre around a Parade Ring at the northern end of the racecourse. It will include a 6,500 capacity grandstand, 12 new hospitality boxes and a new Royal Box.
New homes to go up at central village site
Diggers have been in action at Prestbury Park pulling down the A&R block and Royal Box as facilities at Cheltenham Racecourse are given a makeover. The focus of the new development is to centre around a Parade Ring – one of the finest in the UK – at the northern end of the racecourse
One of the biggest new housing developments in Congresbury, Somerset, for years will see 29 new homes built on the redundant Mendip Mills site on Mill Lane. Flax Bourton-based land & development agents CJH Land brokered the deal in which Charles Church Homes have bought the site from the Elliott Medway Group – which manufactured prefabricated buildings at the site until 2009. The plan provides for two, three and four-bedroom homes alongside a dozen small commercial units.
Call for flexibility on pupil holidays BY JEFF WELLS wdbusiness@b-nm.co.uk West Country tourism leaders have urged the Government for more joined-up thinking after it emerged that legal changes mean parents can no longer take their children out of school for holidays. Amendments to the Education (Pupil Registration) Regulations 2006 mean that there is no longer provision for ten days of allowable holiday leave, meaning that children can only be taken out of schools in exceptional circumstances which do not include holidays. But West Country tourism leaders say that this
will impact on their efforts to promote tourism in the region during the off peak months as well as making holidays during the school holidays more expensive. Chris Murray, owner of Pennywell Farm, near Buckfastleigh, and chairman of management and marketing for the Devon Association of Tourist Attractions, said: “Traditionally, in the quieter months many of our visitors have been families with a mix of pre-schoolers and a sibling in year one or two. We are already noticing that these families are no longer around.” The amendments came into
force on September 1 and Mr Murray said that the changes had not been well publicised. Malcolm Bell, head of Visit Cornwall, called for school holidays to be staggered over a nine-week period, as they are in Europe, saying that this would also help with congestion on the region’s roads during the peak summer months. He said: “It is an issue. The issue is that constraining school holidays more you will drive up costs – it’s supply and demand. “There needs to be a constructive and pragmatic discussion on how you get a triple win where tourism is not affected, congestion is improved
Chris Murray, chairman of management and marketing for the Devon Association of Tourist Attractions, with young residents of Pennywell Farm
and people can have affordable holidays without compromising on education. “We do need more joined-up thinking and more government liaison.” An e-petition on the issue has already attracted more than 48,900 signatures but the Department for Education has said that it will not be reversing the amendments. “It is a government priority that children of compulsory school age and who are registered at school attend school regularly. School absence should be reduced to a minimum. This is because there is clear evidence that any absence from school can
and does impact on children’s education attainment,” its response said. “The previous law on leave of absence allowed schools to authorise up to ten days leave for the purpose of family holiday in special circumstances if a parent applied in advance. This was interpreted by some schools and parents to mean that parents had an entitlement to take their children on an annual two-week family holiday during term time. This was a misconception; the law was not intended to create any perception of an entitlement. The Government has now changed the law to remove any ambiguity.”
WDP-E01-S3
Campaign puts spotlight on smaller firms
Landmark art deco building to be transformed into flats
1.1m
Number of jobs accounted for by the SME sector
Mobile orders help pizza sales Online and mobile sales helped Domino’s Pizza serve up 4 per cent like-for-like sales growth over the heatwave summer. Shares rose 5 per cent in the FTSE 250 Index as the fast food firm announced total UK sales of £140.9 million for the three months to the end of September. Online revenues were up 19.8 per cent to £72.3 million, including a doubling in income from mobile orders. It means digital sales now account for 62.4 per cent of UK deliveries. Meanwhile, Domino’s has launched a major TV advertising campaign and begun a promotional tie-in with The X Factor online app.
US government impasse sends markets down YESTERDAY IN THE CITY
Small to medium-sized (SME) manufacturers in the South West are set to receive a major boost this week, with the launch of a new industry campaign designed to showcase the vital role they play in driving economic growth. Manufacturing Matters, the brainchild of the Manufacturing Advisory Service (MAS), intends to raise the profile of a sector that currently accounts for more than 110,000 businesses, 1.1 million jobs and a major share of £140 billion of annual GDP. The initiative will look to discuss key challenges and opportunities, while opening up dialogue with the media, politicians and major industry influencers to ensure
the right support is in place to encourage growth and future job creation. It will then culminate with a special week of activities in November that will include the launch of the next MAS Barometer, a series of debates and events covering topics such as innovation, skills, international trade and access to finance. Simon Howes, MAS area director South West of England, said: “There is no better time to launch Manufacturing Matters with recent reports and PMI data suggesting a three-year high in confidence, investment and output. The larger companies are the ones that usually get the column inches and airtime, yet it is the SMEs in the supply chain that make up 95 per cent of industry. “They are doing more than most to help drive the recent resurgence with many taking on staff, launching new products and investing in the latest technology. Now is the time to place the spotlight on these firms.”
WESTERN DAILY PRESS THURSDAY OCTOBER 3 2013 WEST COUNTRY BUSINESS 7
A landmark art deco building in the centre of Bristol is set to be transformed into flats after a house builder signed a deal to buy it. The building in Colston Avenue on the Centre is officially called West Gate but was formerly Electricity House and will be more familiar to many as the old SWEB building. Crest Nicholson, perhaps better known for building new houses, such as the Port Maine development in Portishead, has exchanged conditional contracts to buy the 90,000 sq ft site for an undisclosed sum. The building, designed by architect Sir Giles Gilbert Scott, is Grade II listed
Growing family law team gets new recruit A divorce specialist with over 20 years’ experience has joined Withy King’s family team in Bath as a partner. Gwyn Randolph, left, joined Withy King from Thrings. He has been a family lawyer for more than two decades, advising on all aspects of relationship breakdown. He is particularly well-known for his expertise in dealing with cases involving family businesses, trusts, inherited assets, valuable pension pots and investment properties
Ceremony marks latest phase in new business centre
A ceremony has been held to mark the ‘topping out’ of The Hive Business Centre being built in the Business Quarter at Weston Park, part of the Junction 21 Enterprise area of Weston-super-Mare. The event denotes the completion of the roof of the new business centre which is being built for North Somerset Enterprise Agency. Once open in spring 2014, it will deliver an array of on-site business services as well as flexible office space
The FTSE 100 Index reached a three-month low as anxieties grew over the political stalemate in the US which has resulted in a partial government shutdown. Investors had shrugged off nerves over the crisis in the previous session but as Barack Obama postponed part of an Asian tour to try to resolve the impasse, nervousness in markets rose. Blue-chip shares in London fell sharply during the day though there was something of a recovery by the end of the session, as the FTSE closed 22.5 points off at 6437.5. Brenda Kelly, senior market strategist at IG, said: “Global markets are notably softer today, as yesterday’s investor complacency is replaced with caution. “With quarter-end and continuing uncertainty about the longevity of the US government shutdown, investors have resolved to take some profits.” In Europe, German’s Dax and France’s CAC 40 were down 0.7 per cent and 0.9 per cent, while on Wall Street, the Dow Jones Industrial Average shed 80 points in early trading. On the currency markets, sterling held on to recent gains
POUND ABROAD EURO DOLLAR AUSTRALIA BRAZIL CANADA CHINA
1.14 euro 1.54 dollars 1.64 dollars 3.20 reals 1.59 dollars 8.85 yuan
HONG KONG INDIA JAPAN SOUTH AFRICA SWITZERLAND TURKEY
11.91 HK dollars 89.05 rupees 150.29 yen 15.37 rand 1.40 francs 3.08 lira
GOLD PRICE Gold at close was 1318.60–1319.40 dollars an ounce compared with 1287.50–1288.30 dollars previously. Silver at 4.30pm yesterday afternoon was 1346.69p–1347.30p compared with 1278.73p–1279.97p previously. Spot silver was fixed yesterday at 1346.99p.
SHIPPING MOVEMENTS Grona Biessum Ipswich: Cargo - Scrap Ocean Bloom Liverpool: Cargo - Scrap Responder Baltimore, Maryland: Cargo - Cable Welsh Piper Swansea: Cargo - Sand Autosun Pasajes: Cargo - Cars Cetus Ocean Ust-Luga: Cargo - Coal Grande Sicilia Antwerp: Cargo - Cars Viking Chance Zeebrugge: Cargo - Cars Bro Deliverer Pembroke: Cargo - Petroleum Products Sapphire Ace Amsterdam: Cargo - Cars PRODUCED BY THE BRISTOL PORT COMPANY OPERATIONS DATABASE
West legal firm lands dressage law contract
6437.5 The price of the FTSE 100 index at the close last night
against the greenback, at 1.62 US dollars, while it was also flat against the single currency at 1.19 euros. In London, tumbling halfyear profits at Tesco sparked declines across the supermarket sector though Britain’s biggest supermarket group had recovered most of its losses by the close. The company saw a 24 per cent drop in first-half earnings to £1.39 billion as underlying sales declined in the UK and every one of its international markets. Shares were 1.1p lower at 358p. Rival chain Sainsbury’s painted a brighter picture with a 2 per cent rise in likefor-like sales, but its shares also dropped, down 4.9p to 385.3p. Bradford-based Morrisons followed them into the red, down 5p to 274.8p as it also turned ex-dividend, meaning new investors will no longer be entitled to the latest shareholder payout. Quality and safety solutions provider Intertek and property group British Land were also hit as they turned ex-divi, down 88p to 3266p and 4p to 577p respectively. Elsewhere, shares in pawnbroker Albemarle & Bond suffered another big fall after it said it had failed to agree a deal with its biggest shareholder to underwrite a £35 million rights issue.
British Dressage has confirmed leading West law firm, Harrison Clark Rickerbys, as its official legal services partner. The law firm will provide services to both British Dressage members as well as to the British Dressage board. A specialist eight-strong legal team dedicated to equestrian, agricultural and rural business aspects of law will provide initial support and advice. Headed by solicitor and keen horsewoman, Alison Goodwin, the advice line will benefit those involved with horses and needing related legal services – from breeders and Olympic dressage horse owners to occasional riders – as well as those needing general legal advice. Harrison Clark Rickerbys will additionally provide regular information updates through the British Dressage magazines and newsletters, and advice via an online members’ discussion forum on the new British Dressage website to be launched later this year. Richard Morgan, partner at Harrison Clark Rickerbys said: “We feel we are well placed to provide legal services to British Dressage and its members, having 350 staff offering expertise across a full spectrum of business .”
Amanda Bond, chief executive of British Dressage, said; “We are delighted to have agreed this new benefit for members. “British Dressage includes among its membership world class riders through to noncompeting weekend riders and all interest levels in between. The team behind the new legal helpline aim to service all types of legal enquiry. Harrison Clark Rickerbys will also provide pro bono legal advice to the British Dressage board.” Alison Goodwin, associate solicitor and head of equine at Harrison Clark Rickerbys – which has offices in Cheltenham, Hereford and Ross-onWye – said; “We anticipate that members will find the helpline invaluable, from checking more minor matters, such as the details of loan agreements, to advice on syndication/joint ownership and sponsorship agreements, termination of employment contracts for riders, grooms and trainers and disputes relating to the sale and purchase of a dressage horse or pony.” The service will cover any aspect of law, whether equinerelated or not, including property and planning issues; business development matters including employment law queries and even negligence claims.
8 WEST COUNTRY BUSINESS THURSDAY OCTOBER 3 2013 WESTERN DAILY PRESS
Shares
WDP-E01-S3
FTSE 100 Index
6490
WEDNESDAY
6460 6430
West stocks highlighted
6400 Close - Down 22.51 at 6437.50
6370
8
10
9
11
12
Major movers
Price
+/-
AEROSPACE & DEFENCE Avon Rubber 550 -1/2 BAE 4481/4 -75/8 Chemring Group 2951/2 -87/8 Cobham 2885/8 -15/8 Meggitt 540 -91/2 QinetiQ 1881/8 -55/8 Rolls-Royce 1120 -14 Senior 2723/4 -5/8 Ultra Electronics 1880 -25
Year High
5501/2 468 3531/4 3073/4 564 2111/8 1240 2883/8 1981
Year Low
2971/2 3003/4 217 1901/8 3661/4 179 8441/2 1857/8 1505
AUTOMOBILES & PARTS GKN 3437/8 -55/8 3603/4 201 Torotrak 261/2 +1/2 361/2 231/2 BANKS Barclays Bk of Ireland HSBC Lloyds Banking Gp Royal Bank of Scotland Standard Chartered BEVERAGES Barr (AG) Britvic Diageo SABMiller CHEMICALS Carclo Croda Intl Elementis Johnson Matthey Porvair Synthomer Treatt Victrex Zotefoams
2721/2 173/4 6673/8 741/2 3667/8 1466
+23/4 3337/8 2211/2 -1/8 193/4 73/4 -33/4 7697/8 5895/8 -1/8 78 37 -13/8 3723/4 2571/4 1 1 -5 /2 1837 /2 1380
526 - /2 588 /2 432 /4 578 +31/2 592 3491/8 19381/2 -18 21361/2 17461/2 30351/2 -191/2 3657 2599 1
1
3811/4 -63/4 501 3423/4 2668 +2 2841 2164 238 -13/4 275 2041/4 2791 -22 2985 2190 240 -3 2981/2 133 2383/4 -11/4 2491/4 146 605 6321/2 3421/2 1591 -18 1765 1380 1941/2 -1/2 225 1861/2
CONSTRUCTION & MATERIALS Alumasc 133 -2 137 Balfour Beatty 2827/8 +1/4 3203/4 Boot (Henry) 181 -3 201 Boustead 181/2 181/2 3 1 Clarke (T) 63 /4 -3 /4 681/2 Costain 2611/2 -21/4 306 CRH 1496 -6 1540 Galliford Try 1058 +3 1070 Gleeson (MJ) 330 -12 3543/4 Keller Group 1006 -37 1161 Kier Group 1665 -27 1692 Kingspan Group 10351/4 -21/2 1047 Low & Bonar 723/4 -11/2 80 Marshalls 165 -43/4 184 1 1 Morgan Sindall Gp 756 /2 +9 756 /2 1471/2 North Midland Const 1171/2 34 Pochins 331/2 +2 451/2 Titon 451/2 ELECTRICITY Drax Gp SSE
1
686 1483
791/2 2075/8 1231/2 181/2 40 2261/4 1090 678 1371/2 549 1106 6057/8 50 85 508 95 20 22
+1 7171/2 5161/2 +14 1676 1364
ELECTRONIC & ELECTRICAL EQ Dialight 1149 +14 1399 Domino Printing Sci 642 -2 717 Eurodis Electron 1 1 1 -4 578 Halma 563 /2 1 1 1 Laird 222 /2 +2 /8 249 /4 Morgan Advanced 3121/4 +21/4 318 Oxford Instruments 1345 +15 1752 Renishaw 1820 +5 2081 13/8 Ross Group 11/4 Spectris 2219 -31 2470 3 1 TT Electronics 193 /4 -2 /2 200 Volex 1141/2 -11/2 1811/2 Xaar 795 -29 898 XP Power 1370 1400
9991/2 522 1 4103/8 1 171 /8 2201/4 1209 1494 1 /2 1549 114 84 2471/2 876
EQUITY INV INSTRUMENTS Aberforth Smaller Cos 993 -2 Alliance Trust 4267/8 -11/8 Bankers IT 5631/2 -1/2 BlackRock Wld Mining 471 -77/8 British Assets Trust 1321/2 -11/2 British Emp Secs&Gen 479 -11/4 Caledonia Investment 1767 +2 City of London IT 3597/8 -11/8 Dexion Absolute 1493/4 Edinburgh Inv Tst 5981/2 -21/2 Electra Private Equity 2230 Fidelity Euro Value 1490 -4 Foreign&Colonial 3611/8 -21/8 JP Morgan Japan IT 237 -61/2 JPM Euro IT Gwth 208 -1/2 Mercantile IT 1386 -14 -7 Merchants Trust 4831/2 Middlefield Canadian 1011/2 -1/2 3 3 Monks Inv Tst 383 /8 +1 /8 Murray Income Tst 752 -91/2 Murray International Tst 1105 -3 North American Inc 825 -10 1 Perpetual Inc&Grwth 353 - /8 RIT Cap Partners 1240 Scottish Inv Tst 573 +2 Scottish Mortgage 929 -1/2 SVG Capital 3893/8 +15/8 Temple Bar IT 1185 +5
655 3633/4 427 4241/2 1163/8 4411/8 1457 3033/4 137 4861/2 1785 1174 3041/4 1511/2 160 1020 3611/2 991/2 300 6561/2 9821/2 6671/2 2751/2 1108 464 6671/2 2577/8 961
1000 4641/4 5821/2 6221/2 1401/4 522 1935 3741/2 1515/8 621 2398 1515 383 2473/4 213 1436 507 115 390 820 1245 9151/2 364 1285 606 939 416 1232
Price
Templeton Emerging Mkts Witan Inv Tst
+/- Year High
543 620
-2 -1
678 644
Year Low
514 474
FIXED LINE TELECOMS BT Group 347 -1/2 Cable & Wire Comm 403/8 -1/2 Colt Group 119 +21/4 KCOM 91 +1 Talktalk Telecom 2481/8 -17/8 Telecom Plus 1268
3487/8 461/4 1351/2 911/2 276 1399
2121/2 341/4 931/2 681/4 1775/8 830
FOOD & DRUG RETAILERS Greggs 4163/8 -47/8 Morrison (Wm) 2743/4 -5 Sainsbury (J) 3851/4 -47/8 Tesco 358 -11/8 Thorntons 943/4 -21/4
5231/2 3021/2 4003/4 3873/4 1001/2
3921/8 2485/8 3217/8 3077/8 285/8
FOOD PRODUCERS Anglo-East Plantations 645 Assoc Brit Foods 1866 Carr's Milling 1568 Cranswick 1173 Dairy Crest Group 460 Devro 322 Glanbia 7973/8 Greencore Gp 1501/2 Kerry Group A 37221/4 Premier Foods 150 REA Hldgs 3821/2 Tate & Lyle 7391/2 Unilever 2319
-5 7641/2 621 -20 2031 1315 +3 1590 909 +18 1189 7321/2 5281/2 3397/8 -1 380 2897/8 -63/4 9251/2 5821/2 -11/2 154 85 -321/4 40245/8 31531/2 -2 1661/2 593/4 +121/2 500 3591/4 1 +1 /2 883 683 -39 2885 2262
FORESTRY & PAPER Mondi 1043
+6
1102 6211/2
GENERAL FINANCIAL 3i Group 3611/4 Aberdeen Asset Mgt 374 Brewin Dolphin 2711/4 Close Bros Group 1196 F&C Asset Mngmt 96 Guinness Peat 29 1 Hargreaves Lansdown 981 /2 3 Henderson Group 190 /4 ICAP 363 IG Group 5711/2 Intermediate Capital 444 Investec 3991/4 IP Group 1391/4 London Stock Exchange 1557 Man Group 811/8 Paragon 3173/4 Provident Finl 1664 Rathbone Brothers 1555 Schroders 2579 Schroders NV 2155 Tullett Prebon 3323/4 World Trade Systems 41/2
-41/4 3871/2 2053/4 -43/4 4921/8 3181/4 -11/2 283 1693/4 +11 1196 830 -3/8 1103/8 90 331/2 231/2 1 1 -6 /2 1040 649 /2 +11/8 1921/2 1091/8 -67/8 4221/4 2803/4 -81/2 6131/2 4163/4 -2 5011/2 2871/4 +23/4 5131/2 3583/8 -21/2 1585/8 1051/8 -10 1652 930 -2 1343/8 713/4 +11/4 3545/8 2115/8 -8 1773 1287 -20 1691 1208 -34 2631 1518 -38 2193 1192 -61/4 3957/8 219 41/2 41/2
GENERAL INDUSTRIALS British Polythene 6251/2 REXAM 4781/8 RPC 4591/4 Smith (DS) 2773/4 Smiths Group 1382
-41/2 637 3721/2 -61/4 5471/2 4305/8 -11/2 4773/4 378 -9 288 190 -37 1419 1018
GENERAL RETAILERS Alexon 27/8 Ashley (L) 253/4 Beale 101/2 Brown (N) 520 Caffyns 430 Carpetright 6711/2 Carphone Whse 240 Darty 703/4 Debenhams 1043/4 Dignity 1419 Dixons Retail 461/8 Dunelm Group 880 Euro Home Retail 21 Findel 2441/2 Flying Brands Units 25/8 French Connection 31 Halfords 3951/4 Home Retail 168 Howden Joinery Gp 293 HR Owen 1671/2 Inchcape 607 JD Sports Fashion 1060 Kingfisher 3767/8 Lookers 120 Mallett 80 Marks & Spencer 4991/4 Moss Bros Group 69 Mothercare 3773/4 Next 5140 Pendragon 34 Signet Jewelers 4434 Ted Baker 1920 Topps Tiles 873/4 WH Smith 850
27/8 +1/4 291/2 21 -21/2 577 450 +10 7011/2 +33/4 251 +11/4 881/4 +3/4 1233/4 -11 16871/8 -1/2 475/8 -46 1047 21 -1/2 2533/4 +1/4 71/8 +3/4 34 -3 406 -11/8 1751/8 -23/8 2961/4 1723/4 +1 645 1073 -125/8 420 1 -1 /2 1281/2 841/2 -13/4 5131/2 747/8 -71/2 4923/4 -35 5205 -1/4 351/4 -17 4934 +6 2017 -11/4 94 1 -3 /2 8531/2
27/8 24 91/2 2663/8 365 585 162 39 783/4 5 992 /8 201/4 613 21 108 23/8 23 299 941/4 1551/4 61 3531/4 670 2671/4 711/2 611/2 359 521/2 212 3541 131/2 3049 910 47 6061/2
HEALTH CARE EQPMNT & SERV Bioquell 146 160 130 Consort Medical 873 -7 880 6601/2 Smith & Nephew 7591/2 -7 800 638 Southern Cross 61/4 61/4 61/4 Healthcare
Price
Synergy Healthcare UDG Hlthcare
+/- Year High
1077 -18 1165 3151/8 -27/8 3605/8
Year Low
916 217
HOUSEHOLD GOODS Aga Rangemaster 1281/2 -1/4 1283/4 541/4 Barratt Developments 3113/4 -1/2 3551/4 1741/2 Bellway 1296 -23 1502 913 Berkeley Grp Hldgs 2114 -4 2340 1387 Bovis Homes 7351/2 +61/2 8511/2 487 Gaskell 21/4 21/4 21/4 Headlam Group 3853/4 -93/4 415 295 McBride 122 +2 1463/4 101 Persimmon 1102 -4 1305 7341/2 Reckitt Benckiser 4404 -59 4950 3568 Redrow 2391/2 +5 2551/8 1527/8 Taylor Wimpey 1005/8 -3/4 1133/4 551/2 Victoria 233 2521/2 1871/2 INDUSTRIAL ENGINEERING Assoc Brit Engineering 135 Bodycote 647 -3 Castings 425 Fenner 3901/2 -21/2 Goodwin 3375 -25 Hill & Smith 470 -21/2 IMI 1475 +15 Melrose Ind 2981/4 -41/4 Molins 1701/2 MS Intl 179 -31/2 Renold 37 -3/4 Rotork 2745 -44 Severfield-Rowen 601/4 +1/2 Spirax-Sarco 2994 -31 Tex Hldgs 761/2 Trifast 673/4 +1/4 Vitec Group 681 -21/2 Weir Group 2306 -29 INDUSTRIAL METALS First Quantum Minerals 1110
145 115 685 3451/8 450 291 4351/4 3057/8 3600 14871/2 480 364 1513 902 3123/4 2067/8 178 1211/2 2621/2 179 39 163/4 3037 2229 1473/4 371/4 3090 20031/4 781/2 521/2 703/4 401/2 740 559 2474 1688 1492 8721/2
INDUSTRIAL TRANSPORTATION BBA Aviation 2993/4 +37/8 326 1953/4 Braemar Shipping 505 +13 520 350 Clarkson 2275 +5 2275 1150 Fisher (J) 1080 +3 1148 748 Irish Continental Units 21271/2 +251/8 21861/8 14653/4 Ocean Wilsons 9371/2 -71/2 11571/2 8971/2 Stobart Gp Ord 1251/2 +2 1251/2 741/2 UK Mail Gp 585 -15 645 2617/8 Wincanton 1063/4 +41/4 1063/4 433/4 LEISURE GOODS Games Workshop 8071/2 -121/2 8231/2 601 Hornby 803/8 +13/8 871/2 551/4 Photo-Me 1101/4 -13/4 113 463/4 LIFE INSURANCE Aviva Hansard Global Legal & General Old Mutual Prudential Resolution St James Place Standard Life
407 /2 113 1953/4 186 1183 3201/4 6171/2 3443/8
- /8 -6 -11/2 -11/8 -2 -13/4 -5 -13/4
MEDIA 4imprint Bloomsbury Pub BSkyB Centaur Media Chime Comms City of London Group Creston Daily Mail & Gen Tst Daily Mail A Euromoney Instl Inv Future Haynes Publishing HIBU Huntsworth Indep News&Media Informa ITE Group ITV Johnston Press Moneysupermarket.com Pearson Quarto Group Reed Elsevier Rightmove STV Group Tarsus Group Trinity Mirror United Business UTV Wilmington WPP
545 1561/4 8731/2 51 3023/4 66 1011/2 1 862 /2 752 1146 123/4 185 1 /8 641/2 3 4 /8 5181/2 2841/8 1743/4 141/2 1491/2 1225 1601/2 8271/2 2338 256 2301/2 127 717 185 2083/4 1258
-61/2 570 3311/2 +6 1561/4 102 -7 8991/2 709 +1/2 60 31 +2 324 2061/2 75 581/2 -13/4 109 751/4 8821/2 5021/2 -71/2 835 4511/4 -14 1209 7471/2 +1/8 213/8 121/4 -5 200 157 1 1 /2 /8 1 - /2 653/4 37 1 1 11 /8 2 /2 -71/2 545 3801/2 -47/8 3073/8 1831/2 -4 1833/8 855/8 +1/2 19 81/4 -27/8 221 134 -25 1350 1119 +1 1621/2 136 -81/2 8531/2 5991/2 -33 2460 1436 2621/2 91 +1/2 2483/4 175 1 1 +6 128 /4 51 /4 -31/2 788 636 1 +3 /4 195 1151/2 -33/4 2121/2 1273/4 -7 1296 788
MINING Anglesey Mining Anglo American Anglo Pacific Res Antofagasta Hldgs Aquarius Platinum Avocet Mining BHP Billiton Bisichi Mining Coalfield Res Kazakhmys Kenmare Lonmin
1
5
6 15021/2 +18 1 195 /4 -1/2 824 +8 52 +3/4 141/2 1826 +21 1081/2 53/4 262 +51/4 281/2 +1/2 3137/8 -11/4
419 /4 136 2035/8 2215/8 1232 336 6411/2 4213/4 3
294 /8 841/4 1313/8 1661/8 828 2071/4 3743/4 2791/4 1
151/2 51/2 2072 1207 289 161 1381 7841/2 751/4 36 901/4 63/4 1 2236 1666 /2 1261/2 95 87/8 27/8 826 2333/4 423/4 231/2 549 2531/2
Price
Randgold Res Rio Tinto Vedanta Res
4396 3028 1090
+/- Year High
+58 +32 +15
7775 3757 1335
Year Low
3972 2582 992
MOBILE TELECOMMUNICATIONS Inmarsat 705 -121/2 749 5421/2 Vodafone Group 219 +1 219 1541/2 NONLIFE INSURANCE Admiral Grp 1223 -2 1416 Amlin 4041/4 +3/4 4351/8 1 1 Beazley 210 /2 -1 /4 2423/4 Catlin Group 4741/4 -101/2 5521/2 Jardine Lloyd Thom 947 +1 9491/2 RSA Insurance Gp 1181/4 -11/2 1361/4
1019 3641/8 1671/4 4551/4 723 1073/4
OIL & GAS PRODUCERS BG Group 1183 +71/2 13501/2 10001/2 BP 4321/4 -1/8 4831/4 4165/8 Cairn Energy 2641/8 +15/8 2961/8 2513/4 Dragon Oil 5821/2 +61/2 662 510 Fortune 91/4 -5/8 121/2 71/8 JKX Oil & Gas 621/2 -1/4 803/8 481/2 Premier Oil 3321/8 +43/8 4001/4 3211/4 Royal Dutch Shell A 20081/2 -111/2 23091/2 20081/2 Royal Dutch Shell B 2105 -11 2365 2098 Soco International 4155/8 +175/8 430 3197/8 Tullow Oil 1011 -20 1468 977 OIL EQUIPMENT & SERVICES AMEC 1070 -3 1142 9651/2 Hunting 8081/2 +8 941 716 Petrofac 1413 -2 1737 1194 -4 9151/2 7201/2 Wood Gp(J) 7931/2 PERSONAL GOODS Abbeycrest 11/2 11/2 11/2 Burberry Gp 1639 -18 1667 1000 Creighton 43/4 51/2 11/2 Lambert Howarth 181/2 181/2 181/2 7 1 PZ Cussons 411 /8 -4 /4 4321/2 307 Worthington Group 3 8 3 PHARMA & BIOTECH 3 3 Ark Therapeutics /8 + 35/8 /8 AstraZeneca 31901/2 -21 35211/2 27921/2 BTG 3801/2 -11/2 3977/8 3171/2 Dechra Pharms 720 +5 780 569 Genus 1400 -50 1594 1284 GlaxoSmithKline 15461/2 -12 1782 13171/2 Hikma Pharmaceuticals 1049 -1 1112 7201/2 Oxford Biomedica 21/4 +1/8 27/8 13/8 Shire 2446 -59 2593 1727 SkyePharma 961/2 -13/8 1013/4 431/2 Source Bioscience 93/8 121/4 91/8 Vectura 1101/2 -13/4 117 77 REAL ESTATE Big Yellow Gp Bolton Group (Intl) British Land Capital & Regional Cardiff Property CLS Daejan Hldgs Derwent London Development Secs Grainger Great Portland Est Hammerson Helical Bar Highcroft Invs Intu Properties Land Securities London & Assoc Prop McKay Secs Mountview Estates Mucklow (A & J) Panther Securities Primary Health Props Quintain Est & Dev Savills Schroder Real Est SEGRO Shaftesbury Smart (J) St Modwen Props Stewart & Wight Town Centre TR Property IT Unite Group
4501/8 15/8 577 41 845 1168 4075 2386 2001/4 1781/2 555 4991/2 2911/2 680 3193/4 921 343/4 1681/4 63871/2 461 3221/2 3291/2 84 620 351/4 3133/4 598 871/2 3073/8 526 2271/2 212 3881/4
-97/8
460 15/8 -4 658 42 +1/2 845 -3 1260 -125 4200 -14 2542 -51/4 209 -21/2 1871/2 +5 598 -61/2 554 1 -5 /2 3021/2 -5 695 -51/4 366 -31/2 994 +1/4 343/4 -23/4 171 -25 65121/2 -9 500 3421/2 1 - /2 3641/2 -23/4 92 -2 6641/2 351/4 -1/8 3133/4 -9 668 901/2 3 - /4 333 600 +51/2 230 +13/8 2161/2 -41/4 403
SOFTWARE & COMP SERV Anite 1121/4 -3/4 DRS Data & Research 221/4 Electronic Data Proc 70 Emblaze 491/2 Fidessa Gp 1950 -58 Gresham Computing 1231/2 -13/4 Innovation Group 301/2 +1/4 Invensys 497 -3 Kofax 359 -4 Microgen 1261/2 Parity 313/4 +1/4 RM 1091/2 +1/2 Sage Group 3331/4 +25/8 SDL 3091/4 +5 Triad Group 113/8 SUPPORT SERVICES Acal 2731/2 -11/2 Aggreko 1508 -33
162 23 721/2 61 2190 1 140 /2 301/2 5091/2 388 1551/2 44 1141/4 1 387 /4 6661/2 161/2
313 15/8 506 223/4 690 6561/2 2706 1946 143 1051/8 4421/4 4583/4 178 560 3005/8 7621/2 211/2 1311/2 4350 335 285 3121/2 513/4 3911/4 351/4 2215/8 5221/2 721/2 194 525 1783/4 1571/2 2603/4 109 /8 151/4 471/2 43 1275 3 62 /4 203/4 270 2603/4 112 181/2 64 3043/8 271 51/2 5
284 1573/4 2370 1508
Price
Ashtead Gp Atkins (WS) Babcock Intl Berendsen Brammer Bunzl Capita Group Carillion Communisis DCC De La Rue Diploma Electrocomponents Essentra Experian G4S Harvey Nash Hays Homeserve Hyder Consulting Interserve Intertek Group Jarvis Journey Group Latchways Lavendon Litho Supplies Macfarlane Grp Management Cons Mears Group Menzies (J) MICE Group Michael Page Intl MITIE Group Northgate Office2office Paypoint Premier Farnell Regus Rentokil Initial Ricardo Robert Walters RPS Group Serco Group Shanks SIG Smiths News Speedy Hire St Ives SThree Travis Perkins Tribal Grp Vp Waterman Group Wolseley
617 1135 1216 906 464 1335 1017 3153/4 601/2 2550 963 6571/2 2821/2 740 1173 2545/8 88 1173/4 3 258 /8 503 575 3266 93/8 1481/2 12871/2 196 5 363/4 1 26 /4 4243/4 803 6 4981/4 3 295 /4 435 421/2 1090 2173/4 1891/4 1083/4 583 328 2737/8 538 931/2 1865/8 2051/4 65 1763/4 348 1665 195 4931/4 481/2 3250
Year ▲ Risers Low
+/- Year High
3178 2219
TRAVEL & LEISURE 888 Holdings 1653/4 Air Partner 448 Bwin.Party Digital 1201/2 Carnival 2044 Compass 8441/2 easyJet 1314 Enterprise Inns 152 FirstGroup 1203/4 Fuller S.T.A. 9011/2 Go-Ahead Gp 1686 Greene King 788 Intercontl Htls 1807 Intl Cons Airl 346 Ladbrokes 1673/8 Marston's 1455/8 Millennium & Copth 558 Mitchells & Butlers 3891/4 National Express 2573/8 Paddy Power 5044 Punch Taverns 141/2 Rank Group 1521/2 Restaurant Grp 540 Ryanair Hldgs 5317/8 Sportech 85 Stagecoach 3293/8 Thomas Cook 1517/8 TUI Travel 3643/4 Wetherspoon (JD) 7301/2 Whitbread 2957 William Hill 4111/4 UTILITIES Centrica Dee Valley National Grid Pennon Group
Rise p 5 8
5 8
1 2
1 2 1 2
7 8
3 8
1 2 3 4
1 2 1 4 1 4
1 2
1 2
1 2
+2 +61/2 -1 +5 -91/2 +61/2 +31/4 -61/2 -14 -13/4 -1/2 -1/4 -13/8 +4 +2 -88
+1/4 -1/4 -3 +4 -13/4 -1/8 -4 -3 +13 -13/4 -13/8 -1/8 +16 -7 -3/4 -15 +1/2 -1/4 +33/4 +33/4 -15 -20 -51/2 +31/4 -46
1057 713 3313/4 2443/4 68 343/4 2713 211/2 1075 8911/2 661 435 2821/2 2031/2 830 5081/2 1288 980 3131/2 2071/2 953/8 54 1183/8 751/4 5 5 293 /8 185 /8 5141/2 377 5911/2 3491/8 3453 2697 93/8 93/8 1481/2 1151/2 1345 940 1961/2 126 5 5 363/4 223/4 1 32 21 /4 4301/4 282 809 573 6 6 5021/2 3463/8 3 300 /4 248 439 2431/4 135 333/4 1185 750 2383/8 1651/2 1933/8 96 1111/4 85 5 583 349 /8 335 191 2745/8 1951/2 6831/2 535 98 73 1933/4 102 211 1271/4 651/2 291/2 1763/4 933/4 370 280 1713 1060 2061/2 921/4 499 313 551/2 361/2 3483 26365/8
TECH HARDWARE & EQUIPMENT ARM Hldgs 9961/2 -11/2 1097 BATM Adv Comms 153/4 21 3 3 Bede /4 /4 CML Microsystems 529 550 CSR 524 +4 607 Filtronic 66 +1/2 831/4 Imagination Tech 325 -17/8 552 Northamber 341/2 361/2 Pace 2553/8 -41/4 3191/4 3 3 Plasmon /8 /8 Spirent Comms 1265/8 -1/2 1691/4 Vislink 441/8 +17/8 491/2 Wolfson Microelectronics 147 -271/2 2261/4 TOBACCO British Amer Tobacco Imperial Tobacco
Price
Soco International 415 +17 +21 Dominos Pizza 610 648 -3 Polymet 730 342Int5/8 Severn Trent +21 +4 African Barrick Gold 158 United -19 Redrow 1239 638 239Utilities +5 +6 315 -2 Carillion 1218 940 Kazakhmys 262 +5 AIM 939 563 Colt Group1 119 +2 3 1 -4 /4 482 /4 237Resources /2 1pm28 + Kenmare Group -17 Perform 1409 1009 21st550 Century Tech+9
-26 -18
5771/2 133/4 3 /4 346 3307/8 303/4 2351/8 271/2 160 3 /8 118 245/8 140
3784 30691/2 2534 2120
+7/8 186 911/2 -241/2 495 241 -11/2 156 1011/4 -25 2628 2044 -5 9101/2 6711/2 -4 1448 5971/2 +1 1533/4 621/4 1 -1 /4 2233/4 92 969 721 -3 1689 1220 +1 8971/2 587 -13 2039 1524 +2 346 1543/4 -3/4 2431/8 1673/8 -21/2 1651/2 1175/8 +2 5821/2 456 -153/8 460 296 -11/2 2747/8 1641/2 +183/8 5905 45481/8 -1/4 151/2 61/8 -1/2 1771/2 1371/4 -1 575 3621/4 -21/2 6263/8 3685/8 108 621/2 -21/2 3375/8 2657/8 +1/4 1705/8 17 -33/4 4011/2 2431/2 -71/2 767 4863/8 -36 3303 2300 -41/4 4941/2 326
370 +17/8 4021/4 3103/4 1440 1470 1325 743 +12 8471/2 682 695 -1 7341/2 598
Price % rise
+/- chng Year Wk%
+4.42 +3.65 +3.43 1784 +2.85 705 +2.13 +2.10 +2.06 +1.97 42 +1.79 +1.76 65/8
-3.35 +6.36 -2.11
600 Group 171/8 Abbey 7391/4 Advanced Medical S 92 Alkane Energy 381/4 Alliance Pharma 353/4 Amerisur Resources 47 Aminex 21/4 1 Andrews Sykes 281 /2 Antisoma 13/8 Aortech 811/2 API 72 Ashley House 197/8 ASOS 5037 Aukett Fitzroy Robinson 5 Avanti Capital 531/2 Avesco Gp 212 Bailey (CH) 200 BCB Holdings 153/4 Berkeley Mineral 23/8 Resources Best of the Best 49 Billington Hldgs 96 1 Braime (TF & JH) 'A' N/ 552 /2 Vtg Capital Mngt & Inv 200 Celtic 635/8 Chamberlin 1111/2 Clean Energy Brazil 43/4 Clear Leisure 27/8 Coal of Africa 81/4 Colefax 290 Concurrent Tech 43 Connemara Mining 5 Company 1 CPL Resources 507 /2 Crimson Tide 15/8 Cropper (J) 361 Daisy Gp 145 Dart Group 251 Densitron Tech 53/4 Dewhurst 500 Dewhurst A 2871/2 Dillistone Group 102 Dolphin Capital Investors 381/8 Ebiquity 120 Eckoh 233/4 Eco Animal Health 2151/2 Egdon Resources 97/8 Eleco 21 Eros Intl 245 Faroe Petroleum 120 5 Feedback /8 FII Group 63/4 Finsbury Food 68 Fletcher King 301/2 Forbidden Technologies 321/2 Futura Medical 693/4 Fyffes 631/2 Global Energy 951/2 Gooch & Housego 538 Grafenia 21 Great Eastern Energy 195 Green Compliance 11/8 Griffin Mining 301/4 GW Pharmaceuticals 861/4 Hampden Underwriting 1321/2 Havelock Europa 171/4 Hayward Tyler 51 Heavitree Brewery 325 Heavitree Brewery A 180 Helphire Grp 53/8 Highland Gold Mining 67 Hirco 20 1 Hydro Intl 112 /2 I S Solutions 461/2 ILX Group 83/8 1 Imaginatik /8 Independent Res 75/8 IndigoVision 291 Interior Services 2471/2 Iomart 2835/8 James Halstead 2911/2 Jelf Group 851/2 Johnson Service 50 Latham (J) 3961/2 1 Leed Petroleum /8 Lok'n Store 170 3 London Capital 33 /4 London Security 17671/2 M&C Saatchi 3021/2 Majestic Wine 534 Mercer Resources 11/8 Metro Baltic Horizons 11 Mirada 101/2 1 Miton Group 40 /2 Mulberry Group 962 Nanoco Group 172 Nasstar 115/8 Nationwide Accid Repair 641/2 Netcall 413/4 Next 15 Comms 931/4 Nichols 1211 Nighthawk Energy 95/8 5 North River Resources /8 Northern Bear 221/2 Numis Corp 2277/8
High
+10 2090 +5+1.53 7871/2 -1.00 -10.55 +0.427 1 - /+1.97 2 45 /8 -1.08 16
+13/4 -3/4 +1/8 -2 + +1/4 -83
-1/2
175/8 7511/2 921/2 411/4 381/2 58 53/4 1 282 /2 2 1071/2 92 201/8 5701 51/8 751/2 2271/2 2031/2 213/4 3
Year Fallers ▼ Low
-1/8 -1 +1/4 -21/2 -1 -3/4 -3 -141/2
+11/8 +11/2 -1/4
+21/2 -1/8 -33/4 -1 +3/8 -1/8 -1/2 +5 +75/8 +1/2 +3/4 - /2 1
+3 +5
+1/4 -8 +1 -11/2 +1/4
+1/4 + -1/4 +81/8
3
1 2
1
7
3
93/8 528 54 211/4 275/8 37 2 1 192 /2 3 1 /8 411/2 543/4 107/8 2135 21/4 531/2 154 1521/2 131/2 21/4
5071/2 2621/2 15/8 11/8 361 1701/2 145 85 2691/4 763/8 93/4 51/4 5421/2 4371/2 3721/2 2721/2 1091/2 661/2 391/4 241/2 1211/2 92 243/4 133/4 270 215 117/8 65/8 211/2 7 277 1871/2 3 1 163 /4 105 /2 3 1 /8 63/4 63/4 773/4 361/2 311/2 25 35 181/2 3 80 47 /4 651/2 37 1 122 /2 69 574 415 321/2 181/2 2731/2 195 7 8 /8 381/2 261/2 1 87 39 /2 1321/2 100 3 22 /8 111/4 561/2 14 3371/2 325 1921/2 175 53/4 1 121 521/2 3 1 52 /8 19 /4 126 871/2 461/2 361/2 133/4 7 3 1 /8 /8 3 7 11 /8 4 /8 5421/2 290 2471/2 1321/2 319 192 669 2373/4 941/2 591/2 513/4 323/4 399 270 1 1 /4 /8 1711/2 1111/2 1 63 27 /2 1795 16871/2 3161/2 170 534 397 13/4 131/2 33/4 141/2 87/8 421/2 203/4 1449 850 199 565/8 133/8 93/4 78 481/2 431/4 28 115 791/2 1237 790 111/4 3 3 11/8 /8 223/4 111/2 251 98
8
1 8
4
3 8
8
5 8
4
Penna Consulting Pennant Intl Personal Group Petra Diamonds Petrel Resources Pittards Portmeirion Prime Active Cap Prime Focus London Prime People Publishing Technology Pursuit Dynamics Qihang Eqpt Qonnectis RAM Active Media Rangers Intl Real Good Food Redhall Group Redstone Renew Holdings RGI International Rockhopper Exploration RSM Tenon RTC Group Sabien Technology Safeland Sagentia Gp Scapa Group SciSys Services Power Tech Servoca Sinclair (Wm) Sirius Minerals Slingsby (HC) Software Radio Technology Sopheon SPDI Secure Statpro Sterling Energy Stilo International Strategic Natural Resources Sutton Harbour Swallowfield Synetics Taliesin Property Tasty Tawa Telford Homes Telme Group Ten Alps Terrace Hill Thorpe (FW) Total Produce Trakm8 Hldgs Transense Techs Travelzest Turbo Power Systems TVC Holdings Ultima Networks Univision URU Metals Vernalis Vertu Motors VPhase Walcom Group Walker Greenbank Weather Lottery West African Diamonds WYG Wynnstay Group Wynnstay Props XXI Century Inv Young Brewery A Young Brewery N/Vtg Zincox Resources Zoo Digital
cls
4
+/Fall p Price % fall
Price
3
200 32 66 37 1871/2 76 3 1 1 -2 /4 7 /2 4 /4 1 1 7 - /8 5 /2 2 /8 + 23 71/8 2921/2 2221/2 541/2 40 91/4 5
+10
2
Hochschild Mining 155 -19 Dunelm Gp 880 -46 -132781/4 Ophir Eng Optimal Payments 318 1513 -15 Mitchells & Butlers 389 647 GroupOttoman Fund1006 Keller -37 31 3 Oxeco Xaar 795 -2910 /4 Genus 1400 Panmure Gordon & Co -501401/2 -12 1 Kingfisher 376 1 Patagonia Gold277 11 /4 13 /4 -9 Smith(David S) 3 Daejan 4075 -125 /8 5 HldgsPaternoster Res
611/2 20 96 38 1 1 552 /2 472 /2
+6 +13/4 -31/2
1
95 84 3903/4 1183/8 151/8 23/8 685 71/2 43/4 74 4921/2 1 22 /4 63/8 36 2 471/2 51 47 7 /8 1 144 /4 1 128 /4 128 11/8 15 28 21 1 145 /2 1 91 /2 703/4 47/8 33/4 114 97/8 375 311/4
Year Year Wk% chng High Low
-11.17 -19.90 -4.97 -9.79 -3.95 +31/2 2783/4 -6.19 861/2 -3.81 -9.19 37 -4.1031 -3.55 -1/8 141/2+2.38 83/4 -3.52 -3.45 225 -2.44 1321/2 -3.23 3 1 -3.80 - /4 30 /4 -2.11 8 -3.14 5 + /8+7.271/4 -2.98
-21/2 971/2 891/2 -191/4 4431/2 +3/8 132 -1/2 271/8 25/8 -21/2 705 71/2 93/4 -1 76 -25 5171/2 1 81 /4 13 37 1 10 /2 -11/2 93 -1/2 511/2 75 -1/2 103/8 1 - /4 146 -11/4 1343/8 -2 1751/2 73/4 17 +1 411/2 21 147 1 1 - /2 95 /2 821/2 61/8 37/8 -21/2 1531/2 + 291/4 550 1 - /2 361/4
621/2 38 320 993/8 53/8 17/8 485 5 33/8 461/2 951/2 9 61/4 25 2 411/2 36 411/2 3 /4 761/2 1 93 /8 1123/4 7 /8 11 20 51/4 1 82 /2 611/2 58 33/4 23/8 114 93/8 375 177/8
1001/2 69 81 341/4 4 95/8
150 +1/2 77 -1/2 1091/2 -3/8 421/2 47/8 28
741/2 601/8 731/2 337/8 35/8 95/8
251/4 831/2 490 1575 100 17 2901/2 120 11/4 221/2 1133/4 651/2 191/2 73/8 15/8 1 /2 50 1 5 /8 1 2 /8 29 55 1 /8 3 148 1 /8 1 110 1 583 /2 275 13/4 9911/2 6771/2 155/8 11
35 120 -10 5021/2 16471/2 104 451/2 1 -2 /2 3331/2 +11/2 120 23/4 25 -11/4 136 671/2 23 1 - /8 13 1 1 + /8 6 /4 7 /8 84 11/4 11/8 1 + /4 35/8 -1/2 31 +3/4 55 7 /8 3 160 1 /4 + 31/4 110 5831/2 275 41/8 +31/2 10821/2 -5 7271/2 -5/8 553/4 1 - /2 171/2
213/4 721/2 2721/2 1065 501/2 17 1311/2 86 11/8 93/4 92 371/2 16 65/8 1 /4 1 /8 47 3 /4 1 /2 7 1 /8 193/8 341/2 1 /8 21/2 661/4 1 /8 7 /8 1 50 /4 394 2721/2 15/8 6921/2 5271/2 141/2 61/4
BRITISH FUNDS Consol 21/2% 5829/32 Consol 4% 951/4 Conv 2.5% 819/32 Tres 21/2% 593/8 War Ln 31/2% 8313/16 Tres 8% 15 1163/8 Tres 21/2% IL 16 3421/2 Tres 83/4% 17 1287/8 Tres 8% 21 1411/8 Tres 5% 25 1211/2 Tres 6% 28 13519/32 1 Tres 4 /4% 32 1133/4
-1/8 -5/32 -5/32 -1/8 -7/32 +1/32 +1/8 +1/16 +1/32 +1/8 +3/16 -1/32
68 10029/32 9117/32 713/4 959/16 1245/8 3537/8 1395/32 1545/8 1343/16 151 12523/32
561/16 8923/32 76 533/4 27 79 /32 11611/32 3397/8 12731/32 1385/8 1185/32 13115/32 10911/16
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