Business 07 November 2013

Revenue on buses as is well Liz Parks:down Axminster Carpets Firsttruly releases Page 2Page 7 and backresults in business

Economy left gets Creditors a boost from hanging as manufacturers butcher folds

Business worry bank Inflation a stepgrowth closer to risks making loans Britain has the highest infla-

BY JOHN COLLINGRIDGE

BY CHRIS RUNDLE wdnews@b-nm.co.uk AND TINA ROWE wdbusiness@b-nm.co.uk

cludes generBut there mining, were lesspower successation and into water,a increased ful ventures lingerie by 0.9 per cent earlier, business and a on weta month fish shop, Britain’s factories roared intoand the ONShotels, said. two one in life September outputCulbone, September’s manufacturing One of theinSouth West’s as bestnear Porlock, and the bounced backchains after ahas dismalothergrowth was driven by sectors known butchery in Dunster, both of August,with according officialwhich including collapsed debts to reultimatelypharmaceuticals, failed. figure s. transport equipment, portedly running into milAnd things started to gocomoutput in-badlyputers, and optical lions ofManufacturing pounds. wrongelectronics last year when it creased by a and stronger-than-exroducts.to pay fines and Gerald David Family, was pordered 1.2 per cent Septem-penalties Philof Smith, managing basedpected in Minehead, wentininto £15,000 after being dirber on aatmonth earlier and wasprosecuted ector ofbyBusiness liquidation the end of last TradingWest, Stand-said: 0.9 permore cent between week,upleaving than 50 Julyards.“The The stronger companythan had expected built September on the previ-its reputation recovery on in sourcing September staff and facing an uncertain beefwill ous quarter, the Office for Na-and boost confidence in the manfuture. lamb from Exmoor, with Statisticshas (ONS) said. its shops, ufacturing sector.

An tional administrator been vehicles and website Economists said Septem-using “However the latest three appointed to run its affairs. images ofin sheep and ber’s rebound ensurecattlemonths has Apart from its twowould shops in grazingmanufacturing on Exmoor. virtually stagnated compared But a lengthy investigation with some this time last year, revealed of what was and sector’s share GDP beingthe sold as local meatofhad in has Phil Smith fact declined years. come over from recent animals of Business bought Nevertheless we remain cauin the Midlands.

West tiouslythis optimistic about the Earlier year, Gerald cautiously David sector’s ability to recover officially retired fromdeswelcomed the business pite the and tough economic went to live enStaff facing uncertainty due to thethe figures in Spain, vironment home and handingateverything difficult situation at Gerald David road . over abto sons Alistair and manufacturing Philip.“Locally, But thethe abattoir was sector as is looking positive. reported havingvery closed our Q3 Minehead the company had someThe days results ago after of a dispute www.southwestbusiness.co.uk Economic over Survey six others including units in iswithQuarterly meat inspectors the home of business news for unpaid showbills that and 71 per centthe of reTaunton, Dulverton and Chedover thesupplied region. Visit today and enjoyweek-end sponding local goods manufacturers dar, all from the comunsold and are confident their busie-briefing pany’sa free owndaily abattoir in Porequipment wereabout removed for the next 12 lock. There are other outlets at fromness mostprospects of the shops. months.

Oncedebts again, our Darts Farm, Topsham, and at The company’s are re-area is bucking trend and lookPuxton Park, near Westonportedly in the the millions, with the sector’s ing ahead optimistically.” super-Mare.

It alsorecovery ran a re-creditors including livestock mained on track, clawing IHS Global mobile unit which appeared atbackauctioneers and Insight bacon economand surprise theand monthcheese ist suppliers.

Howard Archer said the showsa such as thefall Bath before, when output underlying manufacWest and Devon County . dropped Dairy farmer trend DerekinMead, cent.the The business figures followPuxton turing looked “hesaid althyar” and At 1.2 onepertime Park’s owner, a hat-trick of positive industryrangements should ensure another was one of the most successful were being madesolid in recent days show-to take quarter growth, outlet after Briin thesurveys South West food sector. the of butchery ing growth continued economy Mr David, who has started with intobackta inin’s house and to expanded carry on by October across 0.8 there. per cent in the third one side-street shop manufacturin the trading construction and services Despite quarter.strenuous He added efforts that man1970s,ing, drove a top-of-the-range sectand ors. clients were inufacturing could be was volatile Bentley the Western Daily Press Meet formerbiggest West soldier has transferred a skill he picked up while on patrol Iraq into a successful thethe region’s chainswho of butchers’ shops has gone into administration.

Geraldin David, pictured above, wider aboard measurehis of in-unable overtothe summer, vited toThe week-ends contact the when Davidhol-One of business back on Civvy Street retired to Spain earlier this year, but his eponymous chain went into administration last week, it is understood dustrial production, which inidays affected factory output.

FULL STORY PAGES 4-5 ocean-going motor cruiser. family yesterday.

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tion rate in the European The first £45 million the Union, according to from figures Goverthe nment’s British Busifrom 28-nation bloc’s ofness statisticians.

Bank investment proficial gramme allocated to The 2.7 has per been cent annual CPI two firms in recorded the hope in of the uninflation rate locking desperatelywas needed UK in September well funding for EU small above the overall rate ofand 1.3 medium-sized per cent and thebusinesses.

1.1 per cent in firms PraesiditheInvestment eurozone, said Eurostat. an Europe and BMS ByCapital comparison, inflation Finance will cent be expected to was zero per in Ireland, usepertheir to one cent inallocations France and 1.6 provide finance of apper cent debt in Germany, while proximately million prices are falling£125 year on year their new funds inand the inthrough Bulgaria, Greece monthsaccording to come. to the EuroLatvia, the plan, which LibstatUnder figures. eral Democrat Business SecLabour Treasury spokesworetaryCatherine Vince Cable McKinnell said would man help yesterday: small firms“This secureisvital said yet finance, Praesidian Capital more evidence of the cost-ofhas been allocated £30families million living crisis facing across Britain after three years of this Government’s failing policies. Prices have Business now risen faster than wages in 39Secretary out of 40 months under Vince Cable David Cameron and now we trumpeted learn that we have the highest the latest rate of inflation of any EU comove untry.

“David Cameron is so out of touch he thinks people are and BMS Finance £15 milbetter off, but working people lion. are over £1,500 worse off since The money comes from the he came to office.”

Government-owned bank’s £300 million investment programme announced in April this year.

Mr Cable said: “Today we have set out a comprehensive package of measures that will addressCountry the concerns of small West publisher fir ms. said it was on course to Future “Theafirst investments deliver dividend for the from first the British Business time since 2011, as Bank’s it aninvestment programme nounced that results to the will end choice to smaller busiofprovide September will meet expectatnesses ions. looking to secure vital finance help invest.

Future,towhose titles include “Alongside cutting red tape Total Film and technology and increasing up of magazine T3, as the welltake as games business relief,said Governand music rate websites, there ment has already made mosigwas “encouraging nificant progress in improvmentum” across all trading ing theAdvertising business outlook for areas. bookings small and entreprenfor the firms first quarter of the eurs.” year are up more than 2014/15 30 per cent, amid good proSHAREreshaping PRICES PAGE 8 gress the business.

Future brighter for publisher

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Retail finding success in Somerset gymguru equipment Middle East PagePage 6 6 makersthe flex their muscles

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Business Business

2 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 7 2013 WESTERN DAILY PRESS

£15m shopping centre deal is completed

Housebuilder gets key for its new West HQ

A multi-million pound deal to sell Yeovil’s principal shopping centre has been finalised. Financier Benson Elliot has bought the Quedam shopping centre in the South Somerset town from UBS Global Asset Management (UK) Limited for a fee of £15.1 million. The acquisition forms part of Benson Elliot’s “reach for the regions” campaign, where the company hopes to regenerate “unloved” town centres up and down the country.

Housebuilder Barratt Homes has opened a new regional office in Bristol and plans for a raft of new developments in the area. The offices at Aztec West were officially opened

by Barratt Developments group chief executive Mark Clare. More than 65 Barratt Bristol staff have relocated into the new offices and the city has also become the regional head office for Barratt West, reinforcing the importance of the Bristol area to the future of the housebuilder.

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Baker proves an upper crust addition to Waitrose A Bath bakery has been named supplier of the year for a leading supermarket chain. Bertinet Bakery was named Waitrose Local and Regional Supplier of the Year for 2013. Owner Richard Bertinet, pictured, said: ‘Working with them over the last 11 months has enabled us to make our breads available to a much wider market than would otherwise be possible’ RECIPES AND FOOD REVIEWS IN WEST COUNTRY LIFE ON SATURDAY

More than 50 lose jobs at book firm

Beaver staff culled as administrators act

Administrators called in to audiobook firm AudioGO have made 57 workers redundant. BDO business restructuring partners Mark Shaw and Tony Nygate were appointed joint administrators for the firm last week. The company, which has offices at Lower Bristol Road and a mail order store at Windsor Bridge in Bath, had employed around 100 people but last month suspended trading because of the severity of its financial problems.

Bristol-based Beaver Maintenance has gone into administration with the loss of all 15 employees.

Accountancy firm Mazars’ restructuring services partner Tim Ball was appointed to handle the ongoing operations of Beaver Maintenance. It operated from Southmead and specialised in carrying out building repairs and maintenance work for local authorities, especially schools, as well as for other commercial clients.

First Bus operations in cities such as Bristol have seen revenues slide in the past year, it admitted yesterday

First’s bus revenues slump by nearly 15 per cent Transport operator FirstGroup said half-year profits slumped in its bus division despite its first increase in passenger numbers since 2008.

The group, which earlier this year tapped investors for £615 million and cancelled its dividend, said a number of its local bus markets face continued “challenging economic conditions”.

£17.3 million as higher fuel costs and the absence of last year’s Olympic Games weighed on the business.

First is trying to boost passenger numbers by tailoring fares and networks to local market conditions – including cutting some fares in the West – but said this will be an “ongoing process”.

First, which also operates the Capital Connect, Great

Western, ScotRail, TransPennine Express and Hull Trains routes, said underlying rail passenger volumes rose by 3.6 per cent, with like-for-like passenger revenues rising by 5.7 per cent. Chief executive Tim O’Toole said: “Although it is early days in our plan to improve our returns, resilience and growth prospects, we are seeing clear indications we are making progress.”

Indian helicopter deal still up in the air, says Agusta

Investors might be able to take a slice of Hovis Premier Foods is to consider offering a slice of its Hovis business to outside investors in a bid to revive the company’s bread division. The group, whose other brands include Mr Kipling and Bisto, has appointed Ondra Partners to assist in developing options for the business. Its famous advert was filmed on Gold Hill in Shaftesbury

BY RYAN PEASLAND wdbusiness@b-nm.co.k

HAVE SHARES GONE UP OR DOWN? PAGE 8

Aberdeen-based First grew underlying pre-tax profits by 43.7 per cent to £28.3 million in the six months to the end of September but after exceptional items the group slumped to an £8 million loss.

Revenues in its UK bus arm, which serves cities including Bristol, fell 14 per cent to £490.7 million after it sold its London bus business. Operating profits fell 18 per cent to

>

Jobs boost as pub set to rise from the ashes

Turbine firm to set up new office in Devon

Around 20 jobs are up for grabs at a Yeovil pub which will reopen ten months after it burnt to the ground. The Bell, on Preston Road, is set to open its doors again just before Christmas, although an official opening date is yet to be revealed. An earlymorning inferno swept through the pub in January, almost completely destroying the premises. The Hungry Horse pub is now being recreated to look similar to the original building.

An international producer of tidal turbines is set to open a UK headquarters in the South West. Tocardo, which has sold to clients as far afield as Nepal and Japan, said it would open a base in Plymouth, as it was ideal to help link up its operations in the UK, France and Ireland.

The firm, whose current headquarters are in the Netherlands, has been active in Scotland since 2009 and also has a presence in Canada.

AgustaWestland has said it is “surprised” by suggestions that it is in breach of a contract with India’s defence ministry.

The Asian country’s Ministry of Defence is reported to have served a final notice to Yeovil-based AgustaWestland seeking to cancel a scandal-hit £480 million deal to buy a dozen helicopters.

The Times of India reported last week that the ministry has given the company 21 days to reply, explaining why the deal should not be terminated over the breach of an “integrity” clause in the deal.

The contract was suspended in February following allegations that commissions were paid by Finmeccanica, Agusta Westland’s Italian-owned parent company, to senior de-

fence officials. AgustaWestland has denied the allegations and announced recently that it has triggered an arbitration clause in its contract in an attempt to salvage the deal. It believes that the contract cannot be cancelled before arbitration has been completed.

A spokesman for the company said: “A show cause notice has been issued but, given confidentiality on this matter, AgustaWestland cannot elaborate further on this.

“Media reports suggesting it is confirmed that Agusta Westland has violated the VVIP Helicopter contract are surprising, especially considering none of the legal processes looking into this matter have been completed.

“Such reports are premature and the outcome of the

proper legal processes should be awaited, such as arbitration which was initiated by AgustaWestland and is currently ongoing.

“AgustaWestland wholeheartedly agrees that the law and its processes must be fol-

3

Number of helicopters that have already been delivered under deal lowed and has every confidence in the Indian legal system.”

The allegations emerged from an investigation in Italy, which led to an arrest warrant for Giuseppe Orsi, the chief executive of Finmeccanica. In-

vestigators allege he paid £25.4 million to a person who acted as a middleman between the company and Indian officials.

Mr Orsi was replaced as the boss of Italian defence giant Finmeccanica, which owns AgustaWestland, after his arrest earlier this year.

It is suggested India’s Ministry of Defence believes AgustaWestland is in breach of an “integrity act” included in the contract which bans the use of middlemen.

Jackie Callcut, chief executive officer of AgustaWestland India, said: “The arbitration process is ongoing and the company has consistently stated it has found no evidence of any wrongdoing. It is also clear that an attempt to cancel the contract will result in a further delay to helicopters India urgently needs.”

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WESTERN DAILY PRESS THURSDAY NOVEMBER 7 2013 WEST COUNTRY BUSINESS 3

Prices soar, but is Help to Buy working?

BY HOLLY WILLIAMS wdbusiness@b-nm.co.uk Housebuilder Persimmon said high interest rates being charged on mortgages under the second phase of the Gover nment’s Help to Buy programme were putting buyers off using the scheme.

The Charles Church and Westbury Partnerships group said the impact of the Help to Buy initiative offering a mortgage guarantee for buyers with low deposits had been muted since launch early last month.

Persimmon, which has dozens of sites under development in the West Country including at Portishead, Westonsuper-Mare, Shaftesbury and Sailsbury, believes the original equity loan scheme will remain most popular for buyers of new homes as the rates are “significantly more competitive” than those available so far with the guarantee.

The Government offers a guarantee of 15 per cent of the

6.9% Surge in annual homes prices announced by Halifax yesterday loan to the lender under the second phase of Help to Buy, which is available on new and existing homes worth up to £600,000 and allows buyers with just a 5 per cent deposit to apply.

But only a limited number of lenders have launched deals so far under the scheme and there are concerns the interest rates offered are still costly compared with mortgages requiring higher deposits.

Royal Bank of Scotland and NatWest are offering borrowers with a 5 per cent deposit a

two-year fixed rate deal at 4.99 per cent or a five-year fixed rate loan at 5.49 per cent, while Halifax and Bank of Scotland has launched a two-year fixedrate loan for people with a 5 per cent deposit with a rate of 5.19 per cent. Take-up may start to increase as more lenders enter the market and rates begin to reduce, according to Persimmon.

The first part of Help to Buy, which launched in March, has given the property market a major boost and Persimmon said it has sold more than 3,000 homes under the initiative so far.

But there are fears the scheme could fuel a housing bubble as prices have risen sharply in recent months.

Figures from Halifax yesterday revealed house prices surged by 6.9 per cent annually in October as they continued to rise at their fastest rate in more than three years.

A 0.7 per cent month-onmonth increase took prices to £171,991 on average, marking the ninth monthly rise in a row.

Persimmon said selling prices remain “fir m” in all its regional markets and it has recently increased build rates to meet surging demand.

The group’s developments are fully sold for the current year and it has £650 million of forward sales reserved, up 41 per cent on a year earlier.

But estate agency chain Foxtons said sales in the London area had remained largely flat so far in 2013 due to a shortage of supply of properties coming on to the market and an ongoing low availability of mortgage finance.

The group, which floated on the stock market in September, said it “remains to be seen” if the second phase of Help to Buy and early signs of a pick-up in mortgage activity will drive a rise in sales volumes.

West engineers reach fighter milestone Staff at GE Aviation are celebrating a major landmark in the company’s involvement in the world’s largest defence programme.

The Bishop’s Cleeve plant in Gloucestershire which employs 1,600 people has just delivered the 100th set of electronic equipment for the Lockheed Martin F-35 joint strike fighter aircraft.

The F-35’s electrical power management system, remote input/output unit, standby flight displays and the battery charger are all designed and manufactured at GE Aviation’s 212-acre site.

GE Aviation’s site executive at Bishop’s Cleeve, Alan Jones, said: “We are pleased to help grow business in the UK and provide some of the most advanced technologies for the F-35. Production, follow-on development and sustainment will continue at our site for the next 40 years.”

100

How many sets of electronics GE Aviation have made for the JSF

Elements of the world’s most advanced fighter aircraft – the Lockheed Martin Joint Strike Fighter – are manufactured in Gloucestershire at GE Aviation’s plant in Bishop’s Cleeve

Home of man who founded Economist to be conference centre His legacy is one that has influenced generations of businessmen, and now the former home of the West’s most celebrated economist is to be used as a business conference centre.

Hurds Hill in Langport, Somerset, was the home of Walter Bagehot, who is regarded as one of the 19th century’s most influential writers on government, the constitution, banking and finance.

He was editor of the Financial Times for 16 years from 1860 to 1876 and founded the Economist.

The present owners of

Hurds Hill, Clifford Lee and David Holmes, acquired the property in 2011 and have spent two years renovating it.

Hurds Hill now offers modern meeting rooms and residential accommodation.

Mr Lee is a musician and held the position of Professor at the Royal College of Music.

Mr Holmes runs his own consultancy, Transformational Leadership.

The pair are keen to establish the new centre as somewhere quiet, confidential and luxurious where businesses can go for things like meetings, breakaway meetings and

Interpretation boards celebrating Walter Bagehot’s legacy were installed earlier this year in Langport, Somerset. Now the celebrated economist’s former home is to be turned into a business centre

strategy retreats. The secluded building, off the A378, is set in five acres of private grounds with far-reaching views over the Somerset Levels.

There are 14 individually designed bedrooms, themed to house the owners’ eclectic collection of furniture, pictures and books.

It offers a flexible arrangement to clients and will tailor events to individual needs, from hiring a meeting room for a half-day to a residential conference with breakfast, buffet lunch, dinner and wines in the evening.

GE Aviation and 12 other UK-based companies are contributing to the F-35 Lightning II programme.

Simon Linacre, executive product leader for GE Aviation, said: “A large team of UK engineers has worked for several years to design the Electrical Power Management System. It is great to see the designs transitioning into volume production.”

And the Minister of Defence Equipment, Support and Technology, Philip Dunne, said: “The F-35 is the largest defence programme in the world.

The UK’s involvement will generate billions of pounds and tens of thousands of jobs for the British economy for decades to come, with over 500 suppliers across the UK already contributing to the production of the F-35.”

Steve O’Bryan, vice president, Lockheed Martin Aeronautics, added: “Our suppliers in the UK are essential to the success.”

Calendar firm’s red letter day A £30 million turnover Exeter business that sells calendars from ‘pop up’ shops across the UK has changed hands in an undisclosed value deal. Otter House Group has been acquired from founders Gary Beck and Hendrik Vollers by a seven-strong management team led by group MD David Pike, who described the transaction as “significant.” The most high-profile business within the group is Calendar Club, which has become a seasonal retail fixture in the UK and southern Ireland’s shopping malls and high streets.

4 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 7 2013 WESTERN DAILY PRESS

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New master at the helm of venturers

BY GAVIN THOMPSON wdbusiness@b-nm.co.uk Becoming the Master of the Society of Merchant Venturers is a poignant moment for Anthony Brown. In October 1989 his father died shortly before the Bristol organisation’s Charter Day. He was the society’s senior warden and looking forward to becoming Master in November that year.

“My father was intensely proud of the society,” Anthony said. “In becoming master I feel that I am completing something that was of great significance to him.”

Anthony, aged 60, was born in Bristol and educated locally at Clifton College. He read law at Magdalene College, Cambridge, and after a period as an auditor with Thomson McLintock (now KPMG) in London was called to the Bar at Lincoln’s Inn. But his interests lay in commerce rather than the law and Anthony soon established a trading company, operating between the Far East, Norway

Anthony Brown, the new master of the Merchant Venturers and the UK. This was merged in the early 1980s with the family shipping business, TR Brown & Sons Ltd, which was a household name in Bristol.

Founded in the 1850s the company became the biggest barge owner in the Bristol Channel. It owned tugs, was a salvage contractor, stevedore, and engaged in marine civil engineering projects including the first Severn Bridge. In the 1920s The Holms Sand and Gravel Company was formed to dredge sand from the seabed for supply to the construction industry in Bristol, Liverpool and in Scotland. During the 1960s four ships were launched at the Charles Hill shipyard in Bristol.

Anthony became the company secretary and finance director and joined with fellow family directors in restructuring the business to meet the challenges of the fast changing marine landscape. The result was a flourishing business, which was a focus for his working life over the next 20 years.

“I led projects to reinforce the core shipping operation with a series of high growth new ventures,” Anthony explained. “This included an operation based in Scotland that outsourced personnel and an innovative residential property company.”

As his fellow family directors retired, significant ele-

ments of the business were sold in the late 1990s, leaving Anthony to continue to own and manage residual financial and property interests.

He joined the Merchant Venturers in 2000, following in the footsteps of his father and a further family member, Sir Kenneth Brown, who became master in 1970.

“It was a great honour being invited to join the society. The 13 years since have been a fascinating period of change,” Anthony said. “Huge innovations have been introduced in the composition of the society and the way in which it operates. We have seen a transformation in the scale and ambition of the society’s work, particularly in the fields of education and care for older people.

“There have been important changes to the way in which the standing committee, our main decision-making body, is organised. We have also welcomed the introduction of woman members.”

Soon after becoming a Merchant Venturer, he joined the board of Colston’s Girls’ School (CGS), becoming chairman of the school’s finance committee. He played a key role in the transformation of the school into an academy.

He is also very enthusiastic about the progress that the society has achieved in caring for older people. “The Merchant’s performance in managing the St Monica Endowment has been remarkable,” he said. “We have come through the financial crisis with the St Monica Endowment significantly increased in value. This must be a matter of great pride for the society and a reflection on the commitment and business acumen of its Members.

“We have seen St Monica develop in just a few years from its single site at Cote Lane to the sophisticated operation that it is today with four sites. This expansion is built on a creative, well thought out strategy that has been implemented tenaciously.”

The society is responsible for the beautiful Colston`s Almshouse in St Michael’s Hill and he said he is particularly supportive of the work of the society’s Almshouse Charity to broaden the availability of suitable, affordable accommodation for the elderly in the wider Bristol area.

During his year as master, Anthony also intends to raise the profile of the Merchants’ involvement with the Downs and Avon Gorge. “The society is the joint custodian of this extraordinary amenity,” he explained.

“I, together with many others, am determined that we realise the potential of this remarkable space.”

Ex-soldier is weaving a new career for himself back on Civvy Street

Former tank gunner Mark Cane has established a successful specialist business in the Cotswolds weaving and cleaning rugs, thanks to a skill he picked up while patrolling the streets of Basra with the Army during the aftermath of the war in Iraq

Many soldiers fear that the skills they rely on in the heat of battle may not translate to steady employment back on Civvy Street.

But former tank gunner Mark Cane actually managed to pick up a valuable skill while on patrol in Basra.

Mr Cane, who is 42 and has been running the Oriental Rug Cleaning Company for three years, is a former Blues and Royals tank gunner who served under singer James Blunt while on tour in Kosovo.

But it was while serving in Iraq in 2002, patrolling villages around Basra in his Scimitar tank, that became inspired by a village elder hand weaving a stunning rug with a homemade loom.

Unable to communicate, except to learn each other’s names, but unified by the pro-

cess of weaving, Mark, who lives in the Cotswolds, would spend half an hour most days during patrol watching Malik at work.

By the time Mark left Iraq six months later, the finished rug was six feet in width, inlaid with black, red and white patterns, and the gunner had discovered a new passion.

Over a decade later, he is a master cleaner and repairer of fine rugs, working out of a workshop in the west Oxfordshire town of Burford and serving clients all over the Cotswolds and in London.

Avoiding the policy of inflating prices for wealthy clients used by some firms, he was even turned down for carpet cleaning at Buckingham Palace for not being expensive enough.

Nowadays he works at large houses, hotels and estates

across his business area – often taking with him his fiveyear-old daughter Paige, who lives with him at his home in Oaksey and is the next generation to benefit from the traditional techniques Mark brought home with him from Iraq.

Describing his chance encounter with Malik that led to his second career, he said: “It was hot and dirty during the day, raining ash all the time because of the oil fields.

“You’d end up sitting and talking to the elders in the villages– we were patrolling and guarding, ready all the time.

“In one village I saw Malik making this gorgeous rug. We couldn’t speak any of each other’s language and we didn’t have an interpreter, although we learned each others’ names though.

“He knew I liked the rug. I’d spent half an hour there every day, sometimes I’d just sit and watch, other times we’d talk, even though we didn’t understand a word of what each other were saying.

“He was weaving it out of goats’ hair on a loom he had made himself out of sticks – it

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WESTERN DAILY PRESS THURSDAY NOVEMBER 7 2013 WEST COUNTRY BUSINESS 5

Au revoir for Jim French at airline Flybe Flybe boss Jim French, credited with turning the South West-based carrier into a major player in the European aviation market, is stepping down as chairman after 20 years with the company.

Mr French took the controls as chief executive in 2001 but relinquished this role to Saad Hammad over the summer.

He stayed on as chairman but has now been replaced with immediate effect by former Safeway finance director Simon Laffin, as the airline prepares to announce halfyear results next week.

Mr Hammad said: “Jim French deserves recognition as the architect of Flybe’s development into a leading regional airline and, on behalf of everyone at Flybe, I would like to thank him for his contribution over many years.”

The new chief executive launched a review of the business shortly after taking charge in August, as firstquarter figures revealed another fall in UK passenger revenues.

A former chief commercial officer at rival easyJet, he faces a battle to restore the Exeter-based carrier to profit growth after annual losses soared to £40.7 million earlier this year.

A reshuffle at the top of the company has already seen the departure of chief financial of-

‘Would like to thank him for his contribution’ Chief executive Saad Hammad

was amazing. During the six months we were there it quadrupled in size and by the time we were leaving it was finished. It was lovely – black, white and red, very clever design and I thought I had to get into it.

“I’ve never forgotten watching him weave and I still do what that old boy did with his simple little tools. Nothing fancy, or complicated – the way Malik does it is quick and it works just as well.

“There’s no one else like me in the area. There are carpet cleaning companies which say they clean rugs and that’s my competition. Lots of companies say they are going to do the proper job but just take them away to do it with a machine. I try and educate my customers about that. ” He said his daughter Paige loves working with him, saying: “She loves cleaning rugs and knows exactly how to do it. It would be nice if she worked with me one day. I’ve taught her how to do stitches as well, in exactly the same way I learned from Malik all those years ago. She even goes upsells jobs for me. Once I was in a house in Bibury and she

went off with the homeowner to see the dogs while I was putting the quote together.

While she was away she said the carpets needed cleaning and I ended up quoting for them as well. I’ll take her with me again.”

He also praised his former commander, who has of course carved out quite a career for himself in the music world.

“It was in Kosovo for one tour in 1999, when he was lieutenant in charge of the troop of four tanks. He was brilliant, but never without his guitar, singing with his squeaky little voice every night when we were at camp.

“He was also very brave. One time we got lost and accidentally crossed the border into Serbia. Their military surrounded us, shouting at our Albanian Muslim interpreter, saying we shouldn’t be there.

James, this little guy, went up to them all and told the interpreter to say the parking was s*** in Kosovo. It broke the ice and they gave us an escort back across the border.”

For more info on the Oriental Rug Cleaning Company visit www.orientalrugcleaningcompany.co.uk

Mark Cane occasionally takes his daughter Paige with him when he is quoting for jobs. He said she has even been known to upsell to clients. He picked up the techniques of the trade while on patrol in Basra with the army from a village elder called Malik

ficer Andrew Knuckey, Flybe UK managing director Andrew Strong, outsourcing boss Mike Rutter and corporate strategy director Mark Chown.

Mr French joined the airline in 1990 when it was known as Jersey European Airways, later becoming British European. He later oversaw a major revamp of the business as it was forced to compete amid the rise of low-cost rivals, and was rebranded Flybe in 2002.

A period of major expansion followed as it launched new services and swallowed up BA Connect, before floating on the stock market in 2010. Mr French was awarded a CBE in 2009.

After entering its recent period of turbulence, Flybe has been focused on shoring up its core regional bases in Southampton, Manchester, Birmingham and the Channel Islands, selling its Gatwick Airport runway slots to easyJet for £20 million.

Mr French said: “I joined Flybe in 1990 and have been privileged to lead the company as chief executive since 2001, adding the role of chairman in 2005.”

He said the arrival of Mr Hammad and Mr Laffin was part of an “orderly transition”, adding: “We are fortunate to have attracted two high calibre and experienced individuals to lead the group in the future.”

From top: Jim French has been at the controls of Flybe for more than a decade, but has now been replaced as chairman after stepping down as chief executive earlier this year. He has been replaced with immediate effect as chairman by Simon Laffin. Saad Hammad (right) took the chief executive role earlier this year. Mr French helped build the Exeter-based carrier into a major player in the European aviation sector during his tenure at the airline

6 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 7 2013 WESTERN DAILY PRESS

WDP-E01-S3

West fashion guru big in Middle East

BY CHRIS CAMPBELL wdbusiness@b-nm.co.uk Fashion guru George Davies has announced his growing clothes brand FG4 will open a further 30 Middle Eastern stores from next year including in Dubai.

The 72-year-old Gloucestershire businessman revealed he signed a deal at the end of last month to take nine FG4 stores to Dubai and more across the Middle East over a two-year period from March 1.

The expansion will include 21 stores across the United Arab Emirates and multiple stores in Bahrain, Qatar, Kuwait and Oman.

In an interview at Italian restaurant Prego, which Mr

George Davies is experiencing success in the Middle East

30 How many more FG4 stores he is hoping to open in the next year Davies co-owns and which has just marked its first birthday in Broadway, in the Cotswolds, the tycoon revealed the women and kidswear label may also be taken to Russia.

Mr Davies, who lives in Snowshill near Moreton-inMarsh, said: “We have a tremendous time in sales in Saudi because I’m learning things about the country and it’s still a challenge for me.

“Ladies and kidswear is amazing out there and I love it, it’s younger than what I did with Per Una.”

FG4 UK Ltd is based at Draycott, near Moreton-in-Marsh, and the brand currently has 68 stores in Saudi Arabia, three in Kazakhstan, two in Georgia and Morocco and one each in Egypt and Azerbaijan.

He added the plan was to research and open further stores around the world and that he was “in discussions” to go to Russia.

“I’ll travel more, it doesn’t bother me,” he said.

“That’s my job, I can’t have somebody else to do that.

“Where I’m critical sometimes with people is that they sort of oversee everything whereas I feel I try to be like an artist. The great painters carry on painting till they are dead.

“What’s important, while you’ve got it, is to do the things that you’re really good at.”

He spent three months out of six in Saudi Arabia going into stores, checking out the competition and questioning potential customers before opening his own stores there.

He said West companies that wanted to enter foreign markets needed to spend time doing their homework.

“You have to make sure that you research the place.

“Before I went to Saudi I spent three months there, over a six-month period, going back and forth.

“One of the big things in my life is research.”

The business magnate, whose roots are in Lancashire but who has lived in Gloucestershire for 23 years, emphasised the importance of teamwork and communication when it came to running a successful business.

He added that councils should look at car parking issues in city and town centres in the West to help businesses but the “big problem” for the high street was when the Landlord and Tenant Act catered only for upwards rent reviews.

Cool frames, optician reuses skateboards An innovative businessman has found a unique way to revive old skateboards – by transforming them into glasses.

James Taylor-Short, manager of Bill & Taylor Opticians in Barnstaple, North Devon, began making the unique DeckSpex handmade glasses in June and has sold more than 70 pairs to date.

Although he specialises in bespoke glasses, Mr TaylorShort said he had not expected the product to become so popular.

He said: “A friend was laughing and joking about making a pair of glasses out of my old skateboard. I do a lot of bespoke glasses anyway and I was getting a bit bored of just doing the plastic glasses, so I gave it a go. I got whittling and whittling and the first pair came out and they looked great.

They were just something a bit original.”

James TaylorShort, modelling the new glasses

Private equity giant Blackstone is reportedly considering off-loading its Center Parcs business. The leisure resort group, which has a popular location at Longleat in Wiltshire, is valued at approximately £2 billion. The Financial Times reports that several of its major private equity rivals could be interested in the group, which had UK earnings of above £130 million last year from its four British locations

Spanish acquisition allows Wiltshire manufacturer to grow A Wiltshire manufacturer of specialist rubber compounds used in the aerospace, automotive, chemical, defence and energy industries has bought a Spanish rival.

Westbury-based SPC Europe Ltd has acquired liquidated Spanish competitor, Jevsa.

It received financial backing from Natwest to fund the takeover.

Managing director Stephen Hallas set up SPC Europe in 2001 with his wife, and built up a £9 million turnover company in only six years. In 2008 the business acquired a spe-

cialist facility in Westbury and consolidated its operations where it now turns over in excess of £20 million.

When Jevsa went into liquidation following a number of poor business decisions that were then escalated as a result of the economic crisis in Spain, SPC Europe Ltd decided to make a move.

Business development director at Natwest Richard McNairn and Keith Godfrey of RBS worked closely with Mr Hallas to offer a flexible funding £4 million funding solution for SPC. The loan has also enabled

From left to right, Stephen Hallas of SPC, Jon Hemming and Rich McNairn of Natwes and Paul Hallas of SPC

SPC to build a £200,000 modern analytical laboratory for raw material control, and an additional £200,000 will fund the state-of-the-art analytical equipment.

The deal expands SPC’s service offering as well growing its presence across Europe.

The businesses complement each other with SPC Jevsa specialising in manufacturing automotive rubber compounding and SPC UK holding the market in general industrial rubber compounding products.

The deal has saved 85 Spanish jobs.

Paul Hallas, operations director, said: “We believe it’s possible for SPC Jevsa to turn over £30 million in its first year and we hope that the acquisition will enable us to enhance our ability to service Europe in the coming years.”

Richard McNairn added: “I am delighted to be able to support Stephen and his team by helping them achieve their ambition to expand production into Europe via the acquisition.

“SPC is a thriving business, efficiently producing quality rubber compound coupled with great customer service.”

He now stocks the DeckSpex glasses in nearby Braunton’s SurfedOut Surfshop, and hopes to expand the product into several other businesses across the region.

However, with an expected Christmas rush, he is appealing for people to come forward with their old and broken skateboards.

He said: “What we are finding an issue is sourcing the skateboards. We need the old skateboards in order to make the glasses. I could go and source mass produced boards for very little but they have no history. It would be pointless.”

Mr Taylor-Short, who qualified as a dispensing optician in 2008, is no stranger to making unique products. In July his shop became one of the first in the country to produce glasses in-store using a 3D printer.

Haulage firm gets new depot Family haulage firm Arthur Spriggs and Sons has secured a new depot at Tewkesbury Business Park. The company, which operates a major site in Northway Lane, Tewkesbury, serving Gloucestershire, Worcestershire and Herefordshire, has now leased Unit 15 Tewkesbury Business Park to expand its contract storage and distribution services. It has taken the 19,291 sq ft premises in a deal negotiated by joint property consultants Alder King and Vail Williams.

It is part of a significant investment programme to expand its operation and become the first choice for commercial vehicle operators in the three counties.

WDP-E01-S3

South Bristol link an urgent requirement

Strictly star pops in after assistant’s marketing campaign

WESTERN DAILY PRESS THURSDAY NOVEMBER 7 2013 WEST COUNTRY BUSINESS 7

POUND ABROAD EURO DOLLAR AUSTRALIA BRAZIL CANADA CHINA

1.14 euro 1.53 dollars 1.60 dollars 3.28 reals 1.60 dollars 8.75 yuan

HONG KONG INDIA JAPAN SOUTH AFRICA SWITZERLAND TURKEY

11.82 HK dollars 88.02 rupees 150.83 yen 15.34 rand 1.40 francs 3.05 lira

YESTERDAY IN THE CITY

West logistics expert Tim Davies is backing the planned South Bristol link road to end the city’s damaging northsouth divide.

Mr Davies, head of office at Colliers International’s Bristol office, said Bristol’s days of being a ‘two-speed’ city would be numbered if the multi-million pound route went ahead.

He said: “We need to tackle the transport stranglehold which has kept South Bristol lagging 20 years behind the north side of the city – not just to improve business prospects but to reinvigorate the communities south of the river.”

He said South Bristol had been the poor relation for years and the link road scheme would give the area the chance to compete on a more equal footing.

“We might not be able to move the motorway network

A cheery update from budget carrier easyJet helped airlines advance on the London market yesterday, while mounting bid speculation kept Vodafone firmly in the spotlight.

Luton-based airline easyJet gave a lift to British Airways owner International Airlines Group and tour giant TUI Travel as it said passenger numbers increased 5.4 per cent in October year-on-year.

Renewed talk of a possible bid from US giant AT&T helped blue chip heavyweight Vodafone move 1 per cent ahead, but trading remained sluggish on the wider FTSE 100 Index, down 5.2 points to close at 6741.7.

This came despite further record highs in trading on Wall Street, with the Dow Jones Industrial Average up nearly 90 points in early trading to hit more than 15,700 on hopes that the Federal Reserve will keep up its stimulus program for some time.

More upbeat UK economic data also did little to boost trading in London after official figures showed output from Britain’s factories rebounded in September.

The pound advanced on the forecast-beating manufacturing growth, but later lost some of its initial gains, holding

‘Transport has kept South Bristol lagging 20 years behind ’ Tim Davies south but we can at least give people better connections to it.

“The fact is the area is desperate for new investment and the existing road network isn’t doing South Bristol any favours whatsoever in terms of encouraging businesses to cross the river.

“We have seen new facilities such as hospitals and sports centres crop up around the south Bristol fringes but the transport network hasn’t kept up with the result that more commuters than ever are trying to negotiate half a dozen chokepoints across the city.

“South Bristol has always had good links to Bristol airport but heavily congested Aroad connections to the motorway via the Portway, Gloucester Road, St Philips Causeway and the Ring Road have taken a major toll on businesses and deterred employers from locating in the area.”

Bridgwater site filling up fast Only three units at a new business hub in Bridgwater are available to let. Keen retailers have already snapped up the other four units at Stockmoor Village, in the Somerset town.

The versatile units have planning consent for a host of different uses including retail, financial and professional services, restaurant/café, drinking establishments or a hot food takeaway. Stockmoor Village is part of the South Bridgwater master plan covering 256 acres of new development including housing, a primary school, a care home and the shopping centre. Greenslade Taylor Hunt and Alder King are jointly marketing the development.

Airlines soar as easyJet keeps on growth path

Sales assistant Jack Overington has revealed how he managed to get a top TV star into his shop. The 21-year-old used skills picked up on a training course to engineer an appearance by Strictly Come Dancing judge Craig Revel Horwood at Showcase, the Cheltenham shop where he works.

Now Jack has spilled the beans on how he managed to clinch the promotional coup for the shop. During the literature festival, Montpellier traders held a window display competition and Jack invited Craig through Facebook and the star’s PR agency

6741.7

Merlin value could be magical for its owners It was reported yesterday that Dorset-based Merlin Entertainment’s London listing price will be at the upper end of estimations. City AM said sources close to the deal said on Wednesday that the company has narrowed its price range to 305330 pence per share. That would value the company at close to £3.3 billion. The Poole firm owns Legoland, Alton Towers, pictured left, and Madame Tussauds

Accountancy firm sets tough training test for trainees

Accountancy firm Albert Goodman said it has invested in a top training scheme for its six accounting trainees, which it says is the first of its kind in the West. Working with First Intuition and the Institute of Chartered Accountants in England and Wales , it is putting trainees through the process of becoming registered chartered accountants as soon as they begin training with the firm, which has offices across the region, including Taunton, Chard, Yeovil, Bridgwater and Weston-super-Mare

The closing price of the FTSE 100 index of leading shares last night

TUC leader angry at continuing injustice of the gender pay gap The gender pay gap in some jobs is three times bigger than the £5,000 average, according to a new report.

A study by the TUC found that female health professionals had the biggest gap, earning £16,000 a year less than their male counterparts.

The research was published to mark Equal Pay Day – the point in the year at which campaigners say women effectively stop being paid because they earn on average 15 per cent less than men.

The TUC said the gap was high in health because leading male professionals earn around £50 an hour, twice as much as the top-earning women.

The gender pay gap across the private sector is 19.9 per cent, far higher than the 13.6 per cent pay gap in the public sector, said the TUC. The difference is even bigger for women working part-time, who earn 35 per cent less per hour than men working full-time, so Equal Pay Day for them was on August 27, said the report.

TUC General Secretary Frances O’Grady said: “It is a huge injustice that women are

still earning on average almost £5,000 a year less than men.

This pay gap can add up to hundreds of thousands over the course of a woman’s career.

“The gender pay gap, which continues despite decades of girls outperforming boys at school and university, is also a huge economic failure. It is crazy that employers are missing out on billions of pounds worth of women’s talent, skills and experience every year.

“Four decades on from the Equal Pay Act, it’s clear we need to take a tougher approach so that future generations of women don’t suffer the same penalties.”

Charlie Woodworth of the Fawcett Society said: “As the age of austerity rolls on, the gap between women and men’s wages could well widen.

“Women working in the public sector experience a smaller gap than those working in the private sector. With a million public sector jobs set to go in the next few years, the average gap in pay could widen as women take up lower-paid work in the private sector.”

firm at just under 1.61 US dollars and 1.19 euros.

EasyJet helped the sector recover from Ryanair’s recent profits warning after reporting that passenger traffic hit 5.5 million in October, while it also flew fuller planes.

Shares in easyJet climbed 11p to 1214p, while International Airlines Group was 4.7p higher to 349.8p. Thomson owner TUI advanced 8.5p to 383.6p.

Vodafone rose 1 per cent or 2.4p to 230.6p as analysts at Bernstein said there was a 75 per cent chance of a deal with AT&T, reigniting bid talk ahead of the mobile phone giant’s interim results next week.

Elsewhere, Primark owner Associated British Foods was one of the biggest FTSE 100 risers after it was buoyed by broker upgrades following Tuesday’s 44 per cent annual profits surge by the budget fashion chain.

Primark’s “outstanding” year helped the group post a 13 per cent rise in underlying profits to £1.1 billion. Its shares advanced 3 per cent or 61p to 2269p, reversing falls seen on Wednesday.

Credit-checking agency Experian held back the blue-chip index as it said trading conditions remain “subdued” in some of its key emerging markets.

8 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 7 2013 WESTERN DAILY PRESS

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6740 Close - Down 5.15 at 6741.69

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Moneysupermkt.com 179 +24 +6 FirstGroup 122 Hays 125Trent +4 1249 638 Severn WH Smith1 964 +36 United Utilities / 2 1278 956 Ferrexpo 198 +6 980 570 +7 G4S 257 +5 Regus 205 AIM 489 2371/2 +5 African Barrick Gold 204 1409 Focus 1009 Intl 1pm848 +23 Micro Century Tech+61 1057 British 713 Foods21st2269 Assoc

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+17.76 +5.50 -20+1.70 2090 +6.761 787 /2 +4.93 -0.62 +0.44 1 +3.557 + /2+3.60 45 /8 +2.1216

Price 3 4

AEROSPACE & DEFENCE Avon Rubber 5541/2 -5 BAE 4553/4 +21/2 1 Chemring Group 217 +2 /4 Cobham 2835/8 -3/8 Meggitt 5031/2 +10 QinetiQ 1977/8 -1 Rolls-Royce 1150 +4 Senior 2863/8 +11/4 Ultra Electronics 1937 +2

5591/2 468 3211/8 3073/4 5721/2 2111/8 1240 300 1981

325 3003/4 2103/4 1901/8 3661/4 179 8441/2 1857/8 1505

AUTOMOBILES & PARTS GKN 3713/4 +7 3761/4 201 Torotrak 275/8 +3/8 351/2 231/2 BANKS Barclays Bk of Ireland HSBC Lloyds Banking Gp Royal Bank of Scotland Standard Chartered

2545/8 +55/8 3337/8 2301/8 221/8 +1/8 221/2 73/4 6931/2 -41/2 7697/8 5953/4 745/8 -1/2 803/8 435/8 328 +2 3847/8 2661/8 14841/2 -15 18371/2 1395

BEVERAGES Barr (AG) Britvic Diageo SABMiller

520 -5 588 /2 432 /4 6051/2 -6 625 3641/4 19981/2 +51/2 21361/2 1787 32271/2 -121/2 3657 2619

CHEMICALS Carclo Croda Intl Elementis Johnson Matthey Porvair Synthomer Treatt Victrex Zotefoams

1

359 -83/4 501 3423/4 2380 -33 2841 2210 2557/8 +7/8 275 2091/4 2998 -22 3026 2190 2681/4 +12 2981/2 1381/2 2325/8 -23/8 2573/4 1601/2 600 6321/2 367 1615 1765 1432 224 1801/2 1801/2

CONSTRUCTION & MATERIALS Alumasc 1281/8 -33/8 137 Balfour Beatty 282 +4 2911/2 Boot (Henry) 195 +8 201 Boustead 181/2 181/2 Clarke (T) 661/2 -1 721/4 Costain 2851/2 +51/4 306 CRH 1560 +19 1580 Galliford Try 1103 -5 1157 Gleeson (MJ) 3291/8 +61/8 3543/4 Keller Group 998 -8 1161 Kier Group 1829 +33 1830 Kingspan Group 10807/8 +7/8 1080 Low & Bonar 757/8 +1/8 80 Marshalls 179 -1/2 184 Morgan Sindall Gp 798 +10 828 1481/2 North Midland Const 1481/2 391/2 Pochins 391/2 451/2 Titon 431/2 ELECTRICITY Drax Gp SSE

1

638 1401

82 2075/8 1 123 /2 181/2 40 2261/4 1090 678 1521/2 565 1106 6081/2 50 931/2 508 95 23 22

+4 7171/2 5241/2 +1 1676 1364

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9991/2 522 1 4111/2 1 171 /8 2401/4 1209 1494 1 /2 1773 114 84 258 955

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655 3633/4 427 4241/2 1163/8 445 1457 3033/4 137 4861/2 1785 1174 3041/4 1541/2 160 1020 3611/2 991/2 300 6561/2 9821/2 6671/2 2751/2 1109 464 6671/2 2641/2 961

1014 4641/4 586 6221/2 1433/4 522 1970 3763/4 1551/2 621 2398 1569 383 2473/4 224 1519 515 115 3945/8 820 1245 9151/2 364 1285 606 1023 416 1241

Templeton Emerging Mkts 5811/2 Witan Inv Tst 6501/2

+1/2 678 +3 6601/2

514 474

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5231/2 3021/2 4003/4 3873/4 117

3921/8 2485/8 3217/8 315 285/8

+4 750 621 +61 2269 1375 -20 1760 909 -9 1189 733 +2 539 3427/8 +31/2 380 2897/8 -113/4 9293/8 6375/8 +11/2 1911/2 883/4 +347/8 40411/2 31663/4 +41/2 1851/2 593/4 4843/4 3591/4 +131/2 883 730 -56 2885 2290

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+63/4 3871/2 2053/4 +23/4 4921/8 3285/8 -13/4 2871/4 1693/4 +4 1300 8331/2 1103/8 90 331/2 231/2 1 +13 1190 679 /2 +3/8 2211/4 1091/8 -13/4 4221/4 2803/4 +4 6221/2 4163/4 +75/8 5011/2 2871/4 -7/8 5131/2 368 -1/2 1585/8 1051/8 +14 1682 930 +11/8 1343/8 713/4 -3/8 3545/8 2381/4 +5 1773 1287 -25 1691 1208 +30 2690 1518 -2 2217 1236 +1/2 3957/8 219 41/2 41/2

GENERAL INDUSTRIALS British Polythene 7121/2 +1/2 7121/2 375 REXAM 5221/2 +2 5471/2 4305/8 RPC 509 +1 517 378 Smith (DS) 3013/4 +2 3081/4 1971/2 Smiths Group 1431 +13 1455 1018 GENERAL RETAILERS Alexon 27/8 Ashley (L) 27 Beale 101/8 Brown (N) 5181/2 Caffyns 5371/2 Carpetright 632 Carphone Whse 257 Darty 821/4 Debenhams 1021/2 Dignity 1375 Dixons Retail 471/4 Dunelm Group 8741/2 Euro Home Retail 21 Findel 256 Flying Brands Units 25/8 French Connection 39 Halfords 4183/4 Home Retail 1987/8 Howden Joinery Gp 3271/4 HR Owen 160 Inchcape 632 JD Sports Fashion 1155 Kingfisher 3793/8 Lookers 1281/2 Mallett 761/2 Marks & Spencer 4993/8 Moss Bros Group 711/2 Mothercare 399 Next 5535 Pendragon 371/2 Signet Jewelers 4779 Ted Baker 1810 Topps Tiles 94 WH Smith 964

2 /8 -1/4 291/2 -7/8 201/2 -5 577 +30 5371/2 +31/2 700 +51/4 261 -1/2 881/4 +21/8 120 -5 16871/8 -7/8 49 -14 1047 21 +13/4 2581/4 6 +11/2 421/2 +3/4 4231/2 -1/8 2011/8 +63/4 3271/4 -11/2 1723/4 +41/2 645 -121/2 1185 +6 420 -1 130 1 - /2 841/2 -95/8 5131/2 75 +181/2 4923/4 +25 5535 393/4 +24 4934 +9 2017 -1/4 95 +36 964 7

2 /8 24 91/2 339 365 585 1741/4 39 783/4 5 992 /8 241/4 613 21 108 23/8 23 299 1043/4 1603/8 61 3981/2 670 2687/8 711/2 611/2 359 531/2 271 3542 131/2 3217 947 47 6061/2 7

HEALTH CARE EQPMNT & SERV Bioquell 145 -3 160 130 Consort Medical 892 -12 914 6601/2 Smith & Nephew 805 +21/2 805 6401/2 Southern Cross 61/4 61/4 61/4 Healthcare

Synergy Healthcare UDG Hlthcare

1061 317

HOUSEHOLD GOODS Aga Rangemaster 1283/4 Barratt Developments 3103/4 Bellway 1443 Berkeley Grp Hldgs 2258 Bovis Homes 760 Gaskell 21/4 Headlam Group 3971/2 McBride 109 Persimmon 1186 Reckitt Benckiser 4797 Redrow 265 Taylor Wimpey 1041/2 Victoria 245

-16 1165 -3 3605/8

- /4 135 /4 56 -101/8 3551/4 1811/4 -7 1534 951 -9 2450 1482 -6 8511/2 4891/4 21/4 21/4 -21/2 415 3021/2 3 -1 /4 1463/4 101 -29 1305 745 -16 4950 3704 +1/8 2711/2 154 -2 1137/8 565/8 +21/2 245 1871/2 3

INDUSTRIAL ENGINEERING Assoc Brit Engineering 140 Bodycote 654 -2 Castings 4371/2 +5 Fenner 404 +25/8 Goodwin 3800 Hill & Smith 4911/2 +61/4 IMI 1563 +30 Melrose Ind 3183/4 +21/4 Molins 193 -1 MS Intl 179 1 Renold 43 + /4 Rotork 2839 1 Severfield-Rowen 63 /2 -1/2 Spirax-Sarco 2932 +56 Tex Hldgs 741/2 -8 Trifast 797/8 +7/8 Vitec Group 726 +241/2 Weir Group 2205 +17 INDUSTRIAL METALS First Quantum Minerals 1194

921 217

+17

3

145 115 685 3623/4 450 291 4351/4 3057/8 3820 1600 4911/2 373 1563 9341/2 3213/4 2067/8 194 134 2611/2 172 46 163/4 3037 2320 1201/2 371/4 3090 21891/8 821/2 521/2 797/8 401/2 726 559 2474 1710 1428 8721/2

INDUSTRIAL TRANSPORTATION BBA Aviation 3431/8 +43/8 3435/8 1953/4 Braemar Shipping 547 +5 555 350 Clarkson 2003 +3 2370 1150 Fisher (J) 1105 -5 1148 780 Irish Continental Units 21023/4 -42 22033/4 14883/4 Ocean Wilsons 1060 -21/2 11571/2 8971/2 Stobart Gp Ord 144 -4 148 741/2 UK Mail Gp 592 +12 645 265 Wincanton 130 +3 139 433/4 LEISURE GOODS Games Workshop 775 8231/2 Hornby 81 871/2 3 3 Photo-Me 141 /4 +3 /4 1413/4 LIFE INSURANCE Aviva Hansard Global Legal & General Old Mutual Prudential Resolution St James Place Standard Life

4451/4 1147/8 2097/8 2041/4 1260 3523/8 660 3521/8

MEDIA 4imprint Bloomsbury Pub BSkyB Centaur Media Chime Comms City of London Group Creston 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

6491/2 1761/2 940 533/4 317 501/2 100 817 1094 157/8 192 1 /8 651/2 5 7 /8 565 303 1933/4 151/4 1793/4 1306 161 877 2627 3161/2 2501/2 130 715 220 219 1367

MINING Anglesey Mining Anglo American Anglo Pacific Res Antofagasta Hldgs Aquarius Platinum Avocet Mining BHP Billiton Bisichi Mining Coalfield Res Kazakhmys Kenmare Lonmin Randgold Res

+31/4 +17/8 -31/4 +45/8 -10 +5/8 -6 +11/8

4491/8 136 2177/8 2215/8 1290 3591/2 679 4213/4

601 58 49 2941/8 855/8 1395/8 1661/8 8391/2 2277/8 391 2993/4

+181/2 6491/2 335 -13/4 1803/4 102 +7 950 745 -2 60 31 +6 324 2061/2 -4 75 501/2 109 751/4 +51/2 835 4511/4 +1 1209 7471/2 -1/2 213/8 121/4 -3 195 157 1 1 /2 /8 -1/2 67 37 3 3 1 + /8 10 /4 2 /2 +5 565 3801/2 -12 3221/4 1831/2 +23/4 1951/8 853/4 19 103/4 +243/4 221 1423/8 +14 1365 1119 1621/2 137 +1 877 6021/2 -9 2652 1436 -21/2 330 100 +13/4 2511/2 175 -2 1331/2 70 +91/2 788 636 1 227 115 /2 -1 220 134 +20 1367 802

51/2 -1/4 151/2 51/4 15551/2 +191/2 2072 1207 219 -3 289 161 858 -31 1381 7841/2 451/4 -3/4 751/4 36 151/4 -3/8 731/4 63/4 1983 +13 2236 16661/2 125 1261/2 95 63/8 +1/4 87/8 27/8 1 1 3 268 /8 -1 /8 826 233 /4 211/2 -1/4 371/4 203/8 3327/8 +5/8 515 2531/2 4605 -8 7070 3972

Rio Tinto Vedanta Res

3325 -51/2 1089 -7

3757 1335

2582 992

MOBILE TELECOMMUNICATIONS Inmarsat 714 -6 749 5421/2 Vodafone Group 2305/8 +23/8 2321/2 1541/2 NONLIFE INSURANCE Admiral Grp 1271 +3 1416 1019 Amlin 4271/4 +31/8 4351/8 367 Beazley 2281/8 -1/2 2423/4 1671/4 Catlin Group 507 +2 5521/2 4557/8 Jardine Lloyd Thom 9881/2 -141/2 1020 734 RSA Insurance Gp 1201/8 -7/8 1361/4 1073/4 OIL & GAS PRODUCERS BG Group 1276 -3 1283 10001/2 BP 4841/2 -35/8 4891/4 4165/8 Cairn Energy 279 -17/8 2961/8 2513/4 Dragon Oil 602 -1/2 662 510 Fortune 91/8 -1/4 121/2 71/8 JKX Oil & Gas 75 +1/2 803/8 481/2 Premier Oil 3483/8 +11/4 4001/4 3211/4 Royal Dutch Shell A 20891/2 +21/2 23091/2 1987 Royal Dutch Shell B 21741/2 -11/2 2365 20771/2 Soco International 3997/8 +3/4 430 3467/8 Tullow Oil 932 -91/2 1401 932 OIL EQUIPMENT & SERVICES AMEC 1194 -13 1207 9651/2 Hunting 907 -1/2 941 716 Petrofac 1458 +18 1737 1194 Wood Gp(J) 797 +8 9151/2 7201/2 PERSONAL GOODS Abbeycrest 11/2 Burberry Gp 1498 Creighton 43/4 Lambert Howarth 181/2 PZ Cussons 378 Worthington Group 3 PHARMA & BIOTECH 3 Ark Therapeutics /8 AstraZeneca 3299 BTG 4305/8 Dechra Pharms 6831/2 Genus 1276 GlaxoSmithKline 16491/2 Hikma Pharmaceuticals 1213 Oxford Biomedica 23/4 Shire 2830 SkyePharma 1087/8 Source Bioscience 103/4 Vectura 1063/4 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

4725/8 15/8 6071/2 44 845 1215 4165 2484 238 197 572 520 3121/2 685 334 972 42 190 68871/2 4841/2 3221/2 3201/4 90 645 351/4 3241/4 5881/2 88 346 525 2241/2 2305/8 4011/8

11/2 11/2 -2 1667 1164 6 11/2 181/2 181/2 -4 4321/2 3381/2 8 3 -

3 31/2 /8 +71/2 35211/2 27921/2 +23/4 4305/8 3171/2 -131/2 780 569 -12 1594 1276 -151/2 1782 13171/2 +1 1219 7251/2 27/8 13/8 -28 2858 1727 +27/8 1087/8 431/2 113/8 91/8 +11/2 117 77

+55/8

+41/2 -23/8 +51/8

489 15/8 658 451/4 845 1260 4200 2574 2381/2 197 598 554 3121/2 695 366 999 42 193 6975 500 3421/2 3641/2 100 6641/2 351/4 3363/4 668 901/2 3611/2 600 230 2337/8 4081/2

3227/8 15/8 506 223/4 730 6561/2 2706 1999 143 1111/2 4511/2 4583/4 178 575 3005/8 7621/2 211/2 1311/2 4350 3473/4 285 3121/2 513/4 4031/4 351/4 2215/8 5241/2 721/2 201 525 1783/4 1571/2 2603/4

SOFTWARE & COMP SERV Anite 901/4 +1/4 DRS Data & Research 231/4 Electronic Data Proc 701/2 Emblaze 491/2 Fidessa Gp 2001 -20 Gresham Computing 1281/2 Innovation Group 313/4 +1/4 Invensys 500 -1/2 Kofax 375 -2 Microgen 1211/2 Parity 321/4 -1/2 RM 1157/8 -1/8 Sage Group 346 +61/4 SDL 255 Triad Group 141/4 -1/4

162 231/4 721/2 61 2190 1401/2 32 5091/2 388 1551/2 44 124 3871/4 553 161/2

76 /4 151/4 521/2 43 1275 653/4 207/8 270 2603/4 112 181/2 64 3043/8 252 51/2

-3 -1/4 -23 +56 -4 -1/2 +2 -1 +71/2 -13/8 -3 +121/2 1 +11 /2 -10 -43/4 -21/4 -3 +21/4 +2 +11/2 1 -2 /4

3

SUPPORT SERVICES Acal 350 -33/8 3533/8 1573/4 Aggreko 1554 -12 2254 1442 Ashtead Gp 6731/2 +14 730 3731/4

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

1249 1273 9541/2 488 1374 9771/2 3071/4 63 2861 8231/2 6861/2 293 785 1182 2571/2 921/2 1253/4 2335/8 5543/4 608 3219 93/8 149 1270 179 5 39 241/2 438 808 6 485 5 309 /8 4431/4 38 1043 222 2057/8 1051/4 6191/2 330 291 5391/2 109 205 2093/4 663/4 1831/4 355 1804 188 5011/2 581/2 3305

+13 -5 -7 +3 +1 1 -2 /2 1 +4 /4 -1/2 +62 -2 -31/2 -17/8 -5 -81 3 +7 /4 -1/2 +43/4 -23/4 -31/4 +81/2 -17

+21/4 +1/4 +1/2 -22 +117/8 -1/2 +3 +6 +11/2 +57/8 +1/2 -51/2 +5 -53/8 -21/2 +11/4 +2 +1 -13/4 1 -8 /4 -18 -3 +61/2 +2

34341/2 2355

TRAVEL & LEISURE 888 Holdings 1561/4 Air Partner 5321/2 Bwin.Party Digital 121 Carnival 2286 Compass 902 easyJet 1214 Enterprise Inns 1433/4 FirstGroup 1227/8 Fuller S.T.A. 913 Go-Ahead Gp 1620 Greene King 835 Intercontl Htls 1800 Intl Cons Airl 3493/4 Ladbrokes 1937/8 Marston's 1513/4 Millennium & Copth 5811/2 Mitchells & Butlers 4077/8 National Express 257 Paddy Power 50995/8 Punch Taverns 123/8 Rank Group 150 Restaurant Grp 562 Ryanair Hldgs 4773/4 Sportech 873/4 Stagecoach 351 Thomas Cook 1417/8 TUI Travel 3835/8 Wetherspoon (JD) 720 Whitbread 3467 William Hill 3947/8 UTILITIES Centrica Dee Valley National Grid Pennon Group

+1/2 -27

3 4

3 4

3 4

7 8

1 2

3 4

7 8

7 8

1 4

3 4

1 2

3313/4 2443/4 68 343/4 2861 217/8 1064 8231/2 693 435 2981/4 2037/8 830 543 1288 980 3131/2 2071/2 953/8 54 1253/4 763/4 2935/8 1855/8 5641/2 377 631 3491/8 3453 2828 93/8 93/8 1491/2 1151/2 1345 940 1961/2 126 5 5 393/8 241/2 32 211/4 438 2933/4 1 841 /2 573 6 6 5021/2 3463/8 7 314 /8 248 4583/4 249 130 333/4 1185 8141/2 2383/8 1655/8 2141/8 96 1123/4 85 1 5 661 /2 349 /8 336 191 2991/4 1951/2 6831/2 5161/2 109 73 206 102 212 149 70 331/4 188 100 370 2991/2 1858 1060 2061/2 937/8 510 313 633/4 361/2 3483 26365/8

TECH HARDWARE & EQUIPMENT ARM Hldgs 980 +41/2 1097 BATM Adv Comms 181/8 -1/8 21 3 3 Bede /4 /4 CML Microsystems 5271/2 -31/2 550 CSR 5151/2 -21/2 607 831/4 Filtronic 633/4 Imagination Tech 2535/8 -13/4 552 1 Northamber 35 /2 401/2 Pace 304 -31/4 3233/4 3 3 Plasmon /8 /8 Spirent Comms 1095/8 +13/8 1691/4 Vislink 503/4 +1/2 503/4 Wolfson Microelectronics 146 +41/2 2261/4 TOBACCO British Amer Tobacco Imperial Tobacco

3 4

3 4

3784 2534

709 /2 133/4 3 /4 364 332 303/4 2351/8 271/2 1771/4 3 /8 1081/4 251/4 140 1

3091 2120

+11/8 186 1053/4 +18 5321/2 2721/2 +3 156 1011/4 +31 2628 2030 1 +3 /2 9101/2 6871/2 +11 1448 641 -3/4 1573/4 653/4 +63/4 2233/4 92 -11/2 969 726 -8 1738 1220 +8 8971/2 589 -6 2039 1557 3 +4 /4 3643/4 1581/2 7 +2 /8 2431/8 1673/8 -1/8 1651/2 1183/4 +1/2 6151/2 456 +73/4 460 296 +2 2747/8 1641/2 -101/8 59297/8 45671/4 +3/8 151/2 63/8 +23/4 1771/2 1371/4 +5 581 364 +83/8 629 3803/4 1 + /4 108 621/2 +33/8 3523/8 2657/8 +3 1705/8 20 +81/2 4011/2 2463/4 +71/2 767 4933/4 +8 3467 2314 +5 4941/2 3287/8

3531/4 -43/4 4021/4 3103/4 1525 1525 1325 7831/2 -41/2 8471/2 682 657 -71/2 7271/2 598

1 2

600 Group Abbey Advanced Medical S Alkane Energy Alliance Pharma Amerisur Resources Aminex Andrews Sykes Aortech API Ashley House ASOS Aukett Fitzroy Robinson Avanti Capital Avesco Gp Bailey (CH) BCB Holdings Berkeley Mineral Resources Best of the Best Billington Hldgs Braime (TF & JH) 'A' N/ Vtg Capital Mngt & Inv Celtic Chamberlin Clean Energy Brazil Clear Leisure Coal of Africa Colefax Concurrent Tech Connemara Mining Company CPL Resources Crimson Tide Cropper (J) Daisy Gp Dart Group Densitron Tech Dewhurst Dewhurst A Dillistone Group Dolphin Capital Investors Ebiquity Eckoh Eco Animal Health Egdon Resources Eleco Eros Intl Faroe Petroleum Feedback FII Group Finsbury Food Fletcher King Forbidden Technologies Futura Medical Fyffes Global Energy Gooch & Housego Grafenia Great Eastern Energy Green Compliance Griffin Mining GW Pharmaceuticals Hampden Underwriting Havelock Europa Hayward Tyler Heavitree Brewery Heavitree Brewery A Helphire Grp Highland Gold Mining Hirco Hydro Intl I S Solutions Imaginatik Independent Res IndigoVision Interior Services Iomart James Halstead Jelf Group Johnson Service Latham (J) Leed Petroleum Lok'n Store London Capital London Security M&C Saatchi Majestic Wine Mercer Resources Metro Baltic Horizons Mirada Miton Group Mulberry Group Nanoco Group Nasstar Nationwide Accid Repair Netcall Next 15 Comms Nichols Nighthawk Energy North River Resources Northern Bear Numis Corp Optimal Payments Ottoman Fund

18 8371/2 991/4 401/8 343/4 441/2 21/8 330 129 80 233/8 5944 5 100 221 1901/2 15 21/8

High

+1/4

+1/2 +13/4 -10 -1/2 +1 +3/4 +168 -11/2 -31/2 -1/4

18 8371/2 991/4 411/4 381/2 58 53/4 342 1311/2 92 251/4 5944 51/8 1011/2 235 204 213/4 3

Year Fallers ▼ Low

-2 +13/8

+1/4 +1/4 -21/4 -1 -1/4 -13/4 -1/2 +61/2 -71/2 +3/8 -1/2 -1/8

+2

+3/8 +1 -1/2 1 +2 /8 -12 +11/2 -21/2 -111/2 +1 +1/4

-60 -1/2 +1/2 -1 -3/4 +6

+21/4 -31/4

3

4

1

3

1

93/8 530 54 23 307/8 1 39 /4 2 1991/2 1 41 /2 543/4 107/8 2135 21/4 531/2 154 1521/2 15 21/8

5071/2 2621/2 13/4 11/8 420 1701/2 173 85 2691/4 893/8 91/8 51/4 5421/2 440 3721/2 2721/2 1241/2 661/2 411/2 253/4 122 92 265/8 14 270 194 117/8 7 241/8 7 2971/2 1871/2 1 1 149 /2 105 /2 3 3 /4 /8 63/4 63/4 773/4 38 351/2 25 361/2 181/2 80 481/2 69 37 1 122 /2 69 607 415 1 1 32 /2 18 /2 2731/2 1771/2 7 8 /8 381/2 261/2 1 1 163 /4 39 /2 135 100 223/8 111/4 691/2 161/2 3371/2 325 1921/2 175 53/4 11/2 116 521/2 523/8 191/4 126 871/2 521/2 371/2 1 3 /8 /8 111/8 47/8 4211/2 2871/2 2831/2 1321/2 319 192 669 2373/4 941/2 591/2 531/2 335/8 4041/2 270 1 1 /4 /8 2161/2 1111/2 3 1 51 /4 27 /2 1825 16871/2 3161/2 170 545 397 13/4 131/2 41/4 141/2 87/8 453/4 203/4 1449 850 199 661/2 133/8 93/4 78 481/2 45 28 115 711/2 1237 825 12 3 3 11/8 /8 1 25 /2 13 2511/2 117 3171/2 108 37 29

4

4

2

-81 -2 -46121/8 -12 175 -31 -8 14 -34 3/8 -10 90 -18 74 -22 1

3

2

4

1 8

Personal Group 430 Petra Diamonds 1115/8 Petrel Resources 145/8 Pittards 31/4 Portmeirion 6871/2 Prime Active Cap 7 Prime Focus London 23/4 Prime People 76 Progility 83/8 Publishing Technology 5771/2 Pursuit Dynamics 237/8 Qihang Eqpt 61/2 Qonnectis 371/4 RAM Active Media 2 Rangers Intl 47 Real Good Food 621/2 Redhall Group 54 7 Redstone /8 1 Renew Holdings 147 /2 5 RGI International 130 /8 Rockhopper Exploration 1451/2 RTC Group 15 Sabien Technology 381/2 Safeland 28 Sagentia Gp 150 Sarossa Capital 11/2 Scapa Group 911/2 SciSys 73 Services Power Tech 41/8 3 Servoca 6 /8 Sinclair (Wm) 100 Sirius Minerals 71/4 Slingsby (HC) 375 Software Radio 321/4 Technology Sopheon 921/2 SPDI Secure 701/4 Statpro 92 Sterling Energy 403/4 3 Stilo International 3 /4 Strategic Natural 47/8 Resources Sutton Harbour 271/2 Swallowfield 85 Synetics 5621/2 1 Taliesin Property 1612 /2 Tasty 1171/2 Tawa 17 Telford Homes 3413/4 Telme Group 135 Ten Alps 11/8 Terrace Hill 265/8 Thorpe (FW) 1251/2 Total Produce 70 Trakm8 Hldgs 331/2 3 Transense Techs 6 /4 Travelzest 13/8 1 Turbo Power Systems /2 TVC Holdings 49 Ultima Networks 1 5 Univision /8 1 URU Metals 2 /2 Vernalis 281/2 Vertu Motors 58 1 /8 VPhase Walcom Group 3 1 Walker Greenbank 146 /2 1 /8 Weather Lottery West African Diamonds 11/8 WYG 1091/2 Wynnstay Group 621 Wynnstay Props 275 XXI Century Inv 13/4 Young Brewery A 1015 Young Brewery N/Vtg 6871/2 Zincox Resources 157/8 Zoo Digital 127/8 BRITISH FUNDS Consol 21/2% 581/2 Consol 4% 9427/32 Conv 2.5% 81 595/32 Tres 21/2% War Ln 31/2% 831/4 Tres 8% 15 11511/16 Tres 21/2% IL 16 3421/8 Tres 83/4% 17 1283/16 Tres 8% 21 1405/32 Tres 5% 25 12025/32 Tres 6% 28 13423/32 Tres 41/4% 32 113

cls

4

+/Fall pPrice % fall

Price

1

1971/2 200 32 641/2 +15/8 66 373/4 841/2 +1 1751/2 76 17/8 71/2 17/8 1 3 3 1 /2 5 /8 1 /8 8 -1/8 23 71/8 1 292 /2 2921/2 2221/2 38 541/2 371/2 47/8 91/4 43/4

+21/2 -1/4 -1/8

2

Experian 1182 Centamin 48 Mondi 1070 Oxeco 1513 ITE Group 303 Panmure Gordon & Co 647 Antofagasta 858 Patagonia Gold250 Talktalk Telecom Dialight 1035 Paternoster Res Barratt DevsPenna Consulting 310 1 13 /4 Polymet Int 577 Pennant Intl 5 Menzies (John) 808

501/2 -1 611/2 20 1001/2 1001/2 38 1 1 1 545 +2 /2 552 /2 472 /2

5021/2 15/8 3921/2 173 2181/2 61/2 500 3221/2 1171/2 411/4 122 265/8 211 85/8 193/4 296 1301/4 5 /8 63/4 631/2 34 33 583/4 69 95 607 1 19 /4 1771/2 11/8 361/2 149 135 191/8 671/2 325 1821/2 51/2 72 20 1 106 /2 1 52 /2 1 /8 71/4 300 2601/2 2581/8 2821/2 911/2 511/2 3921/2 1 /8 193 1 33 /2 1825 3091/2 534 7 /8 121/2 97/8 451/2 1014 153 111/4 621/2 411/2 791/4 1181 117/8 3 /4 25 2403/4 2963/4 33

1

-6.41 -4.92 -4.12 +1/8 -3.81 +1 -3.49 +1/2 -3.36 -3.18 + 1 -3.15 +2 /2 -3.02 -2.65

+8 +27/8 +3/8

+1/8 +71/2 -1/4

+2 -1/2 -3/4 +1/2

+21/2 -1/2 -1/8 -1 -5/8

Year Year Wk% chng High Low -6.93 -3.59

141/2 -4.46 83/4 225 -4.45 1321/2 -4.40 27 -7.33 8 5 /8 -8.001/4 1 -9.42 97 /2 621/2 -7.151 891/2+0.06 41 /2 4431/2 320 132 993/8 271/8 6 31/4 17/8 705 4871/2 71/2 5 93/4 25/8 1 76 46 /2 127/8 7 6221/2 1021/2 411/2 9 10 61/4 1 37 /4 25 2 101/2 1 93 41 /2 66 36 75 411/2 3 103/8 /4 1 150 /4 803/4 5 7 135 /8 103 /8 1751/2 1123/4 17 11 433/4 20 1 28 5 /4 153 86 2 13/8 951/2 611/2 821/2 59 57/8 33/4 3 7 2 /8 1531/2 100 291/4 71/4 5371/2 375 361/4 177/8 150 74 106 3 40 /4 47/8 28

741/2 601/8 731/2 331/4 35/8 47/8

35 +7 120 1 +25 562 /2 +21/2 16471/2 120 451/2 +3 365 +2 1391/2 23/4 273/4 -3/4 136 70 34 13 57/8 7 /8 84 11/4 - 11/8 31/2 31 -11/2 613/4 7 /8 3 1 -3 /2 160 1 /8 31/8 111 +1 6371/2 275 37/8 +71/2 10821/2 +21/2 7271/2 437/8 -3/8 153/4

213/4 721/2 2841/2 1065 501/2 17 160 86 11/8 7 9 /8 92 381/2 16 63/8 1 /4 1 /8 47 3 /4 1 /2 7 1 /8 3 19 /8 37 1 /8 1 2 /2 70 1 /8 7 /8 571/2 4051/2 2721/2 15/8 6921/2 5521/2 141/2 61/4

-23/8

+ -9/16 -11/16 -25/32 + +1/32 +1/16 +1/32 +1/32 + +1/8

661/32 10029/32 9117/32 671/2 927/16 12323/32 3537/8 1385/32 15329/32 1331/2 1509/32 12523/32

561/16 9023/32 76 533/4 7927/32 11521/32 3397/8 12731/32 1385/8 1185/32 13115/32 10911/16

Reports TODAY Interims Cable & Wireless Communications, Dairy Crest, Halfords, Shanks, Tate & Lyle, Wincanton Trading updates Aviva, Morrisons, RSA, SuperGroup Report Bank of England decision on interest rates and quantitative easing