Business Western Daily Press 10 October 2013

Oops, Gromit’s makers see profits dip after record-busting 2011 Page 4

Bristol aims to be Britain’s smartest city

BY EVA JONES wdbusiness@b-nm.co.uk A major investment in smart technology which could boost Bristol’s economy was revealed yesterday.

The Department for Business, Innovation and Skills launched a so-called Smart Cities Forum, designed to capture a 10 per cent share of a market that could be worth $400 billion by 2020.

The £95 million investment announced yesterday is designed to help Britain’s biggest cities – including Bris-

Bristol Mayor George Ferguson hailed the project

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k to g tol – to become more efficient in how they deliver all manner of economic projects.

The project is essentially about making better use of data through more intelligent technology to enhance the quality of life in cities. The department claims cities can use the data in a variety of ways; to save money, minimise

waste, measure domestic water usage and manage transport routes more effectively. It also hopes allowing the public access to real time information enables people to make more informed choices, such as planning a journey by checking for available room on trains and buses or even identifying car parking spaces before leaving the house.

The Smart Cities Forum that was established yesterday, will be chaired by universities and science minister David Willetts and cities minister Greg Clark. It will include delegates from cities, business, and scientists.

Mr Willetts said: “The opportunity to develop new technologies for smart cities in the UK is massive. We want to make sure that we are at the forefront of this digital revolution so we can stay ahead in the global race, designing new innovations in the UK and exporting them across the world.”

Bristol aims to be in the top 20 European cities by 2020 and has made a commitment to create a world-class and inclusive green-digital economy.

Mayor of Bristol George Ferguson said: “Bristol is fast becoming the UK’s most creative, smart, green and connected city.

“I am offering Bristol as a test-bed for innovative environmental ideas, where we will develop pioneering practices which will not only benefit Bristol, but will hopefully become a model for cities in the UK and around the world.”

Stampede to get hands on Royal Mail Applications for Royal Mail shares from private investors have been up to seven times over-subscribed, the Government revealed yesterday.

Business Secretary Vince Cable said around 700,000 applications had been made by Tuesday’s deadline, which he believed showed the high level of interest in the controversial privatisation.

Around 30 per cent of shares have been set aside for the socalled retail shares, with others going to institutional investors and staff.

Mr Cable faced tough questions from members of the Business Select Committee amid concerns that the business, and some of its properties, was being under valued.

Business Secretary Vince Cable defended the Royal Mail sale

People from all walks of life have been attempting to purchase Royal Mail shares, Vince Cable revealed yesterday.

The share offer was seven times over-subscribed, the Business Secretary said

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Committee chairman Adrian Bailey (Lab, West Bromwich West) said the minister was overseeing the sale of a profitable, popular, publiclyowned company to financial institutions he had criticised in the past.

Mr Cable said he was “very comfortable” with the sale, stressing the Government wanted to secure a “long-ter m, responsible” investor base from organisations such as pension funds.

Conservative MP Brian Binley (Northampton South), asked why the Government was “discriminating” against Royal Mail employees who will lose their free shares if they leave the company within three years.

“I suspect Royal Mail will

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Tina Rowe: Stable diet of pizza and cider proves a winner Page 6

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Business

2 WEST COUNTRY BUSINESS THURSDAY OCTOBER 10 2013 WESTERN DAILY PRESS

Mid East delegation visits West companies

Agent’s centenary marked by acquisition

A delegation from Oman has been visiting Bristol building trust and relationships that could eventually lead to big deals for local companies.

The official remit of the delegation is to learn about the automotive parts and aftercare industry but the hope is that meetings with a range of firms around Bristol during the visit will blossom into productive business relationships. During the week-long stay the delegation visited the Bloodhound supersonic car in Avonmouth.

A 100-year-old property firm has taken over a lettings business in Bath. Chappell and Matthews has bought lettings agency Knights of Bath in Queen Street.

Chappell and Matthews, which was set up in Bristol in 1913, is part of the Countrywide property services group. Regional director Ian Thompson said: “Knights of Bath stood out to us because like Chappell and Matthews, the owners pride themselves on providing excellent customer service.”

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Former department store to go under the hammer The former TJ Hughes Department Store in Weston-Super-Mare town centre will go under the hammer at CBRE’s commercial property auction on Tuesday at The Millennium Hotel in London. Being offered on behalf of receivers, the property, in the centre of the North Somerset resort, is being guided to the market at a price of £750,000 LUXURY MANSION TO BE SOLD

> PAGE 7

Minister hooked by shepherd hut design

Strong growth for business advisor

A manufacturer from Somerset was showcased to the Business Secretary Vince Cable last week as part of a display promoting innovative SMEs. Ashwood Products, from Taunton, was picked to be part of the Manufacturing Advisory Service’s first ever exhibition at the Department for Business, Innovation and Skills’ Victoria Street Headquarters in London. Dr Cable was given an insight into the firm’s new shepherd huts, which are being used by bed and breakfast owners.

Financial giant Grant Thornton saw turnover up by 13 per cent to £471 million for the financial year ended June 30. The growth was driven in large part by continued strengthening of the advisory practice, which grew by 21.2 per cent. The firm – which has an office in Bristol, along with several hubs across the South West, from Truro to Dorchester, also saw its audit practice figures improve by 9.2 per cent whilst turnover from its tax offering remained broadly flat.

Disney customer service course is far from Mickey Mouse Disney is renowned for its worldleading customer service and now businesses in the West can benefit. Disney Institute, the training arm of Disney, is coming to At-Bristol on November 15, to deliver ‘Disney’s Approach to Business Excellence’ programme.

The Bristol event is one of four similar roadshows also visiting Cornwall, Kent and York THE BUSINESS OF THEATRE AND ART

The sale of Gromit Lightyear was the highlight of last week’s Gromit auction. However, Aardman’s 2012 figures will not go down as a vintage year

Aardman profits slide as turnover drops sharply Gromit has been just about the only subject in town in Bristol this summer.

But though parent company Aardman has garnered an almost incalculable public relations boost from the astonishingly successful Gromit Unleashed trail, its latest financial figures show a slump in 2012.

Turnover at the Bristolbased animation house re-

It all adds up to a hattrick for accountant

The job’s a bad’un for many British workers

South West-based chartered accountancy firm Milsted Langdon is celebrating after winning a national business award for the third year running. The firm, which has offices in Bristol, Taunton, Yeovil and Bath, was named the UK’s best large practice in the AccountingWEB Practice Excellence Awards, held in London last week. Milsted Langdon is the only practice to achieve this awards hattrick.

British workers have the lowest job satisfaction in Europe, according to a new study. Research among 45,000 employees across Europe, including 5,200 in this country, found that only twothirds of British workers were satisfied with their current employer, compared with up to 73 per cent in other countries. Recruiter Randstad, which produced it, said low job satisfaction increased absenteeism, affecting profits.

Aardman Holdings showed a pre-tax loss of £1.15 million for the year to December 2012.

That contrasted with a 2011 pre-tax profit of £739,000.

The firm employs approximately 100 people in Bristol and as well as works featuring its celebrated characters such as Wallace and Gromit and Shaun the Sheep, it is an increasingly major player in the advertising production in-

dustry. The annual report revealed that another 20 episodes of Shaun the Sheep had been approved, which should contribute to improved revenues in 2013.

It added that its back catalogue continued to post substantial incomes, which is vital in an industry that can have long lead-times between major film projects being realised.

Casino plans set to revive Bath’s gambling heritage

BY LIZA-JANE GILLESPIE wdbusiness@b-nm.co.uk

> PAGE 5

duced drastically last year to £22.2 million, from a record £66 million in 2011.

The 2011 figure was boosted by a substantial upfront payment from Sony, its Hollywood partner.

And the natural swings of timings between film releases and dealing with multi-year projects can skew any given set of results.

The newly filed accounts of

A sneak preview of how Bath’s Sawclose would look after completion of a £14 million casino development has been revealed.

The city was synonymous with gambling several hundred years ago in the era of Beau Nash. And now the scheme that will deliver Bath’s first modern-day casino, as well as two new restaurants and a 148-bedroom hotel, is moving apace.

It is anticipated the new leisure quarter, expected to open in summer 2016, will create 116 jobs.

Pictures showing the area virtually pedestrianised with space for al fresco dining form part of a formal planning application submitted by developer Deeley Freed.

The casino, which has already been granted a provisional licence, will be operated by French firm Groupe Partouche SA in partnership with Global Gaming Ventures (Bath). The hotel will be operated by Z Hotels.

As part of the scheme, several buildings will be demolished including the car park kiosk, 1 and 2 Bridewell Lane, the Regency garage and the former clinic building.

An extension to the Gala Bingo hall, which is to the rear of the building, will also be demolished.

Deeley Freed’s heritage statement says that, although the hall is a Grade II listed building, the northern extension is an amalgamation of various buildings and has been significantly altered over the last 100 years.

The bingo hall and the

How The Sawclose will look Market bar will close to make way for the new casino and hotel. The Sawclose public and private car parks will also go in the scheme submitted to B&NES Council.

The entire scheme, including a new modern four-storey building, has been designed

by Bath-based Aaron Evans Architects.

Deeley Freed’s planning consultant, Chris Hays, said more than 150 members of the public attended an exhibition on the plans in the summer.

“The proposals have been worked up and refined over a long period of time, with input from the council’s technical officers, local interest groups and businesses, and the wider public. This process has been invaluable in ensuring that we put forward a development scheme that is sensitive to the historic environment and a good fit with neighbouring uses.”

The council is scheduled to make a decision on the plans

by February next year with work due to start in the summer.

To see the full application, visit www.bathnes.gov. uk.

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Supply can’t match Royal Mail demand FROM PAGE 1 downsize some of its operations within three years, and employees who lose their jobs will lose their shareholding.

Don’t you feel you are being unfair?”

Mr Cable replied that socalled “good leavers”, such as those made redundant or who resign on health grounds, would be protected.

The minister hit back at critics of the sale, including the Labour party, denying allegations that a number of Royal Mail sites in London were being under valued.

Asked about the relationship between a privatised Royal Mail and the Post Office, which is remaining in the public sector, he said it was

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The factor by which the Royal Mail share offer was over-subscribed “unthinkable” that it would be diminished, given how much work flowed between the two.

Earlier, MPs voiced fresh concern that the privatisation will be “highly lucrative” for speculators, hedge funds and investment banks rather than the public.

Conditional trading of shares will start on Friday and full trading next Tuesday, a day before the result of a strike ballot by the Communication Workers Union. CWU members are expected to back industrial action over issues linked to privatisation, with any strike set to be held on or

after October 23 – the run-up to the busy Christmas period.

In written evidence to the Select Committee, the Government said its main objective was to secure the universal postal service, which guarantees deliveries to every address in the UK, six days a week, for the same price.

The submission said the Royal Mail was on the road to sustainability, with an increase in its operating profit to £403 million.

“Royal Mail must continue the process of modernisation and transformation, and must be able to invest to grasp new business opportunities.

“It should be able to access flexible capital so that it can continue to modernise and innovate, invest and seize opportunities presented by new markets such as the rapid growth of online shopping,” said the Government. Consumer watchdog Consumer Futures warned that “ill-considered” use of measures by the regulator Ofcom could stifle or restrict competition in the postal services market.

The group said there could be a “perverse incentive” on Royal Mail not to address inefficiencies, adding: “Whether Royal Mail is in public or private ownership, Ofcom must remain vigilant in its monitoring of prices and efficiencies to ensure that Royal Mail is not permitted to raise prices without making the cost efficiencies necessary to ensure the sustainability of the universal postal service.”

In its submission, the Royal Mail said privatisation will give it flexible access to private capital, which will be a “positive step” for the universal service.

Growth is no uphill struggle for brewery A Cheltenham brewer is celebrating barrel loads of good news after more than doubling beer production.

Owners of Prescott Ales, in Alstone Lane, have installed a £100,000 brew house which will enable them to get their award-winning beer stocked in pubs across the UK. It means the brewery – named not after the former deputy Prime Minister John Prescott, but Prescott Hill near Cheltenham which is famous for Bugati races – will be able to increase the amount of beer they produce from 2,700 to 7,200 pints per brew – which could equate to an extra £10,000 per week.

Jo Meader, director of operations at Prescott Ales, said the move reflected an ambition to take the company to the next level.

She said: “It’s a very exciting time for us and we are hoping that our new brew

Probably to the relief of drinkers the brewery is not named after Lord Prescott

The Prescott Ales brewery is inextricably linked with the Bugatti Owners’ Club and the Prescott Hill speed climb.

Pictured above, a Bugatti T37 tackling the course in 2010

West experts warn on risk of US crisis spreading Bristol investment experts fear the continued impasse over the American budget could hit savers in the West.

Hargreaves Lansdown said that the longer the Republicans and Democrats continue to play chicken with each other over the budget agreement, the greater the risk to the global economy.

Unless someone blinks before the October 17, the United States could be forced to default on some of its foreign debt interest payments.

The old investment saying goes ‘If America sneezes, the rest of the world catches a cold’ and with that in mind, Hargreaves Lansdown’s head of research Mark Dampier has given his assessment of what it could mean for UK investors.

“What happens if the US government can’t resolve its

budget crisis by midnight of October 17?

“It would mean that what is considered the world’s most important and safe asset, US treasury bonds, would not be able to pay interest on their debt so the risk of a Lehman type moment is possible. But the Americans don’t live in isolation. As the world’s most important and biggest economy there has to be a huge knock-on effect around the world.”

He added that a default on US treasury debt would see the dollar go down against leading currencies and he would expect equities to fall.

He added that the market is betting on a last-minute deal at five to midnight so at the moment the volume of shares being traded, particularly in the States, is tiny.

US president Barack Obama and his Republican rivals in Congress have been unable to get close to reaching agreement over the US budget, leading to a damaging impasse. Bristol-based Hargreaves Lansdown warned yesterday that if it were prolonged it could hit UK investors

The US government has been partially shut since October 1 because of Congress’ failure to pass a normally routine temporary spending bill. Mr Obama also wants Congress to extend the gover nment’s borrowing authority – another once-routine matter.

Amid the tough talk, though, were indications that both sides might be open to a short-term extension of the borrowing limit and a temporary end to the shutdown, giving them more time to resolve their disputes.

Mr Obama used a White House news conference to say he “absolutely” would negotiate with Republicans on “every item in the budget” if Congress first sent him shortterm measures halting the shutdown.

house will enable us to double our turnover.

“It’s a really good news story that a small family-run brewery in Cheltenham can start to get its beers out to the wider UK market.

“Cheltenham has a rich heritage when it comes to brewing beer, with the former Whitbread brewery based in the town centre until a few years ago.

“It’s nice to be able to do our bit to keep that tradition going.”

The new brew house at Prescott Ales was unveiled last weekend.

Staff at the brewery celebrated the upgrade earlier this week at the Bugatti Owners Club’s autumn classic meeting at Prescott.

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4 WEST COUNTRY BUSINESS THURSDAY OCTOBER 10 2013 WESTERN DAILY PRESS

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Royal award for medical training firm

BY RUPERT JANISCH wdbusiness@b-nm.co.uk A Bristol firm which makes medical-skills training products that allow doctors to practise surgery safely has been given the Queen’s Award for Enterprise Innovation.

Limbs & Things makes realistic artificial body parts – designed and produced in its factory in Sussex Street, St Philip’s – for doctors and surgeons to train on.

On Friday it was presented with the prestigious award by the Queen’s Lord-Lieutenant Mary Prior at a ceremony at the company’s headquarters.

Margot Cooper at the ceremony The award, which is the UK’s highest accolade for business success, was given in recognition of the company’s innovative contribution to skills training in medicine.

Limbs & Things’ in-house design and manufacturing process combines traditional craft-based sculpting techniques with the cutting-edge technologies.

The result is an innovative

range of products whose realistic look and feel allow doctors, nurses, surgeons and other healthcare professionals to build their confidence and skills to ultimately improve the care of patients.

Margot Cooper, president of Limbs & Things, said: “We feel extremely honoured to have been awarded the Queen’s Award for Enterprise Innovation.

“This award ceremony was a celebration to recognise and thank our employees for all their hard work.

“It is their sheer dedication, creativity and continuous innovative work that has ensured our remaining at the forefront of the industry.”

Also attending the award ceremony to give presentations at the event were Bristol East MP Kerry McCarthy and city mayor George Ferguson.

They saw an interactive exhibition of Limbs & Things’ key products and had a rare opportunity to tour the company’s on-site factory.

Ms Cooper said: “Our vision has always been to develop and supply products which allow clinical educators to deliver their curriculum requirements in physical examinations and procedural skills successfully.

“We remain committed to working closely with leading clinicians and embracing new materials and technologies to help meet the educational needs of tomorrow’s doctors and nurses.”

Among Limbs & Things’ new products is the breastexamination trainer.

This provides a realistic platform for acquiring the delicate skills required for clinical breast examination.

Made from realistic soft “tissue”, with the versatility of interchangeable pathologies, the product teaches trainees about the identification of anatomical landmarks and lymph nodes.

Office market beginning to pick up pace An increase in speculative development of office and industrial premises across the West is the surest sign yet of returning economic confidence, according to Bristol logistics expert Tim Davies.

Mr Davies, head of Colliers Inter national’s Bristol office, said the long-awaited return of speculative development in Bristol and beyond provided the clearest evidence yet that investors were prepared to return to the market, crucially without having previously lined up owners or tenants for new buildings.

He said: “Between 2006-2008 Bristol industrial markets saw 1.7 million sq ft of speculative completions. The comparable figure for 2009-2013 is only 150,000 sq ft.

“The Bristol industrial multi-let market is also seeing supply diminish. Availability of units under 10,000 sq ft has fallen by 19 per cent since 2010.

Colliers’ expert Tim Davies sees the office market picking up

Office development is taking place in Bristol’s Queen Square among other prime locations in the city and across the West at the fastest rate since 2007

“Absorption of Grade A office space in Bristol has reached its highest level for three years and our latest office takeup figures suggest greater demand for more substantial floor spaces.”

But he said business people didn’t have to look far to see returning confidence in the commercial property sector.

“Looking out of my window I can see Skanska is working on a key office site on Queen Square in the heart of the city’s commercial district. Industrial land at Avonmouth is also being freed up for development. The sheer number of cranes along Bristol’s horizons is the surest sign yet we are entering a period of sustained growth. Inevitably as the market improves the existing building supply will be soaked up.”

He added: “Developers brave and well-funded enough to speculate will be best placed to take advantage of this newfound confidence.”

Abattoir creditors left to hang as chances of overdue bills being paid recede Suppliers across Gloucestershire are waiting to find out if they will see any money they are owed by a troubled abattoir in the Forest of Dean.

Ensors ran into problems last month but 136 jobs were saved at the Cinderford plant when it was sold off. However the debts left behind are in the hands of administrators.

Bob Hughes, of Collicutt Meats in Cheltenham, said he is owed £55,000 and fears he may not see much, if any, of it paid back.

It’s not yet known how big the debt is, but those owed money are expected to find out

by the end of this month.

“I am pretty annoyed,” said Mr Hughes, a director of the Leckhampton-based meat wholesale company.

“Our company can take it on the chin but it’s still £55,000 which is a lot of money.

“We supplied them and at one stage we had to take them to court because they owed us £66,000 – but we offered them the chance to pay £4,000 a week.

“We got that for a few weeks but then it stopped.”

He added: “There must be other businesses, particularly one-man bands, out there who

Ensors abattoir in Cinderford. The firm went into administration last month

might not be owed as much as us but they could be really hit hard by this.”

Administrators KPMG sold Ensors Gloucestershire Ltd and its assets – a three acre freehold site with an 80,000 sq ft factory and plant and machinery – to Foyle Food Group Limited based in Northern Ireland.

At the time, KPMG blamed “cashflow problems due to the loss of a significant contract and investment in an acquisition that failed to deliver the anticipated benefits” as the reasons why Ensors went into administration.

All 136 Ensors employees now work for Foyle.

A KPMG spokeswoman said Foyle did not take on the debt, so Collicutt Meats is a creditor of Ensors in administration.

“It is too early to comment on the exact return to creditors of Ensors,” said a KPMG restructuring team spokeswoman. The administrators will issue a first report to all creditors of Ensors by October 31.”

Work started earlier this year on almost 100 homes at Ensors old site in Valley Road, which was sold off so it could move to new premises.

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Funeral director firm leaves list of creditors A funeral directors in Wells has gone into liquidation, leaving a trail of debt in its wake. Mark Jales Independent Funeral Directors, based on Priory Road in the Somerset city, sent out an email on Monday saying it had ceased trading on October 3. Several third party businesses such as coffin makers and printers have been left out of pocket.

Before the company had ceased to trade, concerns about it had been raised by the Diocese of Bath and Wells. Its spokesman said: “We had advised local clergy via email to request payment up front.”

Former newspaper office sold privately An iconic building which has lain empty in Yeovil’s town centre for more than two years has been sold. The former Western Gazette building on the junction of Sherborne Road and Middle Street housed the newspaper for 100 years. Built in 1906, the building was in constant use until 2011, when the newspaper’s staff moved to the Innovation Centre near Huish Park. The building was on the market for £450,000 but has recently sold to a private buyer. It is now anticipated that it will be converted into flats but no planning application has yet been submitted.

Bristol’s artistic reputation, particularly its association with street art, has helped it land a major arts industry conference

Artistic reputation lands Bristol a major event Bristol is well-known for its creative and artistic industries and it is this excellence that is believed to have secured it the right to host a major arts conference.

Six hundred people including creative marketers, inspiring thinkers and a range of

arts and cultural professionals will attend the three-day event at the Watershed and Colston Hall next July to explore ways of bringing art and audiences together. Social events at cafer bar Goldbrick House on Park Street and the M Shed museum on the wa-

Theatres set stage to boost economic role

BY PAUL WILTSHIRE wdbusiness@b-nm.co.uk The state of Britain’s theatre sector will be debated at an event in Bath later this month.

The Bath Theatre Matters conference at the Guildhall will look at the financial challenges facing the arts, and at how theatre can be kept alive and accessible to all.

The event at the Guildhall on October 29 will be hosted by Bath-based comedian Jon Monie and has been organised

by Luke John Emmett who runs the Theatre Bath website.

It has been designed to tie in with the national My Theatre Matters campaign being run

by The Stage newspaper, the union Equity and the Theatrical Management Association.

Keynote speakers include the mysterious Twitter writer

Conference organiser Luke John Emmett wants the economics of theatre to be discussed

terfront will give the attendees a glimpse of the best of Bristol.

Annabel Busher, events manager at AMA said “We’re hugely excited to be bringing the AMA conference to Bristol next summer. We’re confident that being in Bristol will help

WestEndProducer who has organised two high-profile talent searches in the West End. He will be discussing West End musicals, the state of the West End in general, producing shows in today’s climate, and how collaboration is a key factor in the future of theatre.

Also taking part are freelance director Andy Burden, development manager for the city’s Natural Theatre Company, and Martin Brown, assistant general secretary of Equity.

Mr Emmett said: “The only way to make people realise the importance of theatre, both artistically and economically, is for us to join forces and shout about it. There are many challenges facing theatre companies at all levels and the next few years are going to be tough for many of them. Hopefully this conference will act as a catalyst to begin looking at some of the issues and finding potential solutions by working together.”

There will be discussion panels with experts in the business on items such as tour booking, fundraising and marketing, followed by a debate using questions submitted by people taking part. The day, which runs from 2pm to 9pm, will end with a showcase of locally-produced work to celebrate “everything that is great about theatre in Bath”.

Tickets are £5, (£2.50 for students) from baththeatrematters.eventbrite.co.uk

to inspire a great conference.”

This will be the 17th AMA conference, previous host cities have included Brighton, Edinburgh and Gateshead.

Kathryn Davis, of Destination Bristol, said the city had a “global reputation” as a “creative powerhouse.”

Independent pet shop picks up accolade CATERERS’ STAR TURN

Glamorous productions such as The Lion King, pictured at the Bristol Hippodrome, bring obvious economic benefits. But theatre’s wider impact is being discussed at the conference

A catering firm has been commended for turning the Theatre Royal in Bath into a more environmentally-friendly dining venue. The Lindley Group, which runs the kitchens at the theatre’s Vaults Restaurant and 1805 function rooms, has been awarded a Soil Association Silver Food for Life Catering Mark. The company won the £4 million contract to run the catering and hospitality services at the theatre last summer. So far the partnership, which will run for another six years, has seen the menus transformed to include meals that only use sustainable fish and meat which is farmassured, as well as sourcing local and seasonal produce from firms such as Marshfield Ice Cream, the Severn and Wye Valley Smokery based at Westbury-on-Severn and brewer Bath Ales. Lindley Group corporate and social responsibility manager Anna Standen said: ‘Since Lindley became the catering partner at the theatre 16 months ago, we have focused on establishing a great network of fantastic local suppliers who can provide us with the fresh and seasonal produce which has enabled us to develop menus to the exacting standards required to achieve the catering mark’

An independent pet shop in Bath has been named the best in the country. Not Just Pets, which has shops at St James Parade and in Lambridge Buildings at Larkhall, was named PetQuip UK Independent Pet Retailer of the Year 2013 at the Pet and Aquatic Trade Show. The business, run by Janine Tozer, was commended for its devotion to customers, knowledge, creativity and work within the community. She said: “We have worked hard during the past year to forge links with the local community and support local animal charities.”

Flybe rids itself of excess office baggage Almost an acre of land with offices at Exeter Airport has been sold on behalf of Flybe to a local haulage company.

Alder King has secured the freehold sale of the former Fair Oak Farm for £360,000.

The land, converted farmhouse and additional portable offices have been acquired as an investment by Exeter-based Forrest Transport. Scott Rossiter, partner at Alder King’s Exeter office, says: “The office buildings and site attracted a lot of interest and resulted in a private treaty best bids process.”

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Stable diet of pizza and cider a winner

BY TINA ROWE t.rowe@b-nm.co.uk Artisan pizzas, locally sourced toppings and a choice of more than 55 ciders and perrys is proving such a hit recipe it is a wonder no one thought of it before.

The restaurateurs behind The Stable tomorrow open their fourth venue, in Bath.

Owners Nikki and Richard Cooper, from Bridport, launched the original eating house in a converted stable behind the Bull Hotel, in the Dorset town in 2009, with 110 covers and a turnover of around £400,000.

They have already opened restaurants on the quay in Weymouth and on Bristol’s Harbourside. Following the opening in Bath, a venue in Poole is set to open before

£7m

Anticipated turnover of the Stable, according to its owners Christmas, with a waterfront site in Falmouth opening early next year. The six restaurants alone are expected to generate an annual turnover of £7 million. The Coopers believe The Stable’s success is down to the brand’s authentic, local ethos and simple approach.

Richard said: “We have adopted a relaxed canteen-style model with The Stable; our customers sit on benches at long communal tables, we serve our hand-made pizzas on breadboards with cutters, friends can share plates and pay at the bar as they go. We also take care to find beautiful heritage buildings which we strip back to create unique characterful environments.

“The original restaurant is in a 16th century stable block

with an upstairs hay loft.”

The Bath restaurant is in George Street. All venues are fitted out by local tradespeople.

Another aspect of The Stable’s popularity, said Nikki, is its passion for good quality food and drink and its celebration of West Country producers.

“Whether in Bridport or Bristol, we source top quality fresh ingredients from suppliers local to each specific restaurant. At the original Bridport Stable, pizza toppings include bacon from Denhay farm, the famous Dorset Naga chilli from West Bexington and cheese from Ford Farm in the Bride Valley, all produced within six miles of the restaurant. Pizzas are named after local icons; the smoked mackerel-topped ‘Joe Gundry’ after a legendary local netmaker and the vegetarian ‘Bucky-Doo’ after the town square.”

The Stable’s changing menu of more than 55 different varieties of cider from predominately boutique West Country cider-makers such as Bridge Farm, Burrow Hill and Ashridge is also a major factor of The Stable’s popularity.

Cider is currently enjoying a nationwide renaissance in the UK and, the Stable is positioning itself nicely offering cider tasting boards and guest ciders on the menu.

Richard added: “We’re so excited to be a local success story taking our concept to a wider audience. We strongly believe in authenticity throughout all aspects of The Stable – our food, our drink, our staff and our restaurant environment – for this reason, we feel we’re swimming against the tide of the faceless chains opening identikit restaurants. We’re sticking to the West Country for now but we do also have our sights on London and further afield so watch this space.”

Hotelier hopes to team up with council Budget hotel chain Travelodge wants to partner up with the council in Bath to build a third hotel in the city. It wants Bath and North East Somerset Council to borrow the money for the project through the Public Works Loan Board, which has fixed low interest rates.

Travelodge has opened hotels this way in Aylesbury and Eastleigh. Last year Travelodge’s plan for a hotel off Bath’s Lower Bristol Road, was rejected by B&NES. Travelodge says it had approached 124 councils about such schemes. B&NES Council said it had not yet received an approach.

Mitie delighted after securing pub contract Mitie, the Bristol-based FTSE 250 strategic outsourcing company, has been awarded a £38 million waste management and cleaning contract with pub and restaurant chain Mitchells & Butlers. Mitie will provide recycling and environmental services at 1,600 restaurants and pubs across the UK for three years. It will also clean at 650 establishments. Martyn Freeman, managing director of Mitie’s facilities management business, said they were delighted to be working with Mitchells & Butlers, and providing them with “world-class environmental services”.

Struggling bakery hopeful sales will rise

The Stable is on Bristol’s harbourside. The firm, which was founded in Bridport, Dorset, is opening its latest restaurant in Bath tomorrow. All of them follow the successful recipe of combining pizza, West Country toppings and up to 55 different types of cider and perry

Awards scheme attracts its highest number of entrants to date The entries for this year’s Somerset Business Awards have been of outstanding quality, according to judges, who have announced the finalists.

Jenn Chidley-Sanders of the Somerset Chamber of Commerce – organisers of the Somerset Business Awards – said: “We were overwhelmed with the number and quality of entries, and we are so happy for this year’s finalist.”

The awards, now in their ninth year, saw the highest number of entries to date, including 40 first-time entrants.

The Somerset Business Awards 2013 ceremony will be

at the Westland Conference and Leisure Complex in Yeovil, on October 24, presented by Heart FM presenter, Cormac MacMahon.

The finalists are:

Albert Goodman Family Business of the Year Award – Sponsored by Albert Goodman LLP Monkton Elm Garden & Pets Centre; R K Bell Group; Western Air Ducts (UK) Ltd Business of the Year 1-10 Employees Award – Sponsored by Yeovil College Plum Communications & PR; Pure Beauty; Rebecca Bevins HR Consultancy Ltd Business of the Year 11-25

Employees Award – Sponsored by A.C. Mole & Sons Evosite Ltd; Kiddimoto; Red Berry Recruitment Ltd Business of the Year 26-50 Employees Award – Sponsored by EDF Energy 3 Solutions (2011) Limited; NVB Architects; R K Bell Group Business of the Year 51+ Employees Award – Sponsored by Higos Insurance Services Ltd Bridgwater College; Elecsis Switchgear Ltd; Monkton Elm Garden & Pet Centre Charity of the Year Award – Sponsored by Clarke Willmott LLP Somerset Community Foundation; Somerset Rural

Youth Project; Western Hospicecare Environmental Award – Sponsored by Porter Dodson Solicitors & Advisors Berry & Escott Engineering; Protomax Plastics Ltd; The Woolly Shepherd Ltd Marketing & Promotions Award – Sponsored by ADPR Ltd Hilton Herbs; Mendip Hub Ltd; Somerset Heritage Service New Business of the Year Award – Sponsored by Glyder Pips Pubs; Staff Guardian Ltd; Wild Beer Co Ltd New to Somerset Award – Sponsored by Into Somerset Filberts Fine Foods Ltd; Hosted

Accountants; Protomax Plastics Ltd Service Excellence Award – Sponsored by Lentells Ltd 3 Dimensions Care Ltd; Hiho Silver; Jungle Property Skills for Growth Award – Sponsored by Somerset ESB 3 Dimensions Care Ltd; Langdon Industries Ltd; Yarlington Housing Group Young Business Employee of the Year Award – Sponsored by Jobseekers Recruitment Services Ltd Chloe Heilbronn (Monkton Elm Garden & Pet Centre); Kayleigh Allen (Powrmatic Ltd); Phil Rogers (Somerset Centre Integrated Learning)

A major revamp of struggling bakery chain Greggs has helped the business stem a sales decline but investors have been told profits will remain under pressure for two years. Chief executive Roger Whiteside said he was “encouraged” by trading figures showing like-for-like sales down 0.5 per cent in the 13 weeks to September 28, improving on the 2.9 per cent fall in the first half of the year. The Newcastle-based group has issued two profit warnings this year, the latest following a 3.2 per cent drop at the start of this period during the hot weather.

Supermarkets boost chocolate firm figures Supermarket sales of Thorntons chocolate boxes are continuing to offset pressure on the company’s shrinking high street estate.

Sales rose by 2.1 per cent to £47 million in the 14 weeks to October 5, the group said, despite a 5.7 per cent decline to £23.2 million at its retail arm. Thornton’s commercial operation, which includes sales to other retailers such as supermarkets, grew sales by 11 per cent to £23.8 million in the period and is now the biggest part of the business.

Chief executive Jonathan Hart said they were in a good position ahead of Christmas.

WESTERN DAILY PRESS THURSDAY OCTOBER 10 2013 WEST COUNTRY BUSINESS 7

WDP-E01-S3

Waitrose opens town’s first supermarket

Businessman’s mansion a cut price snip – at £7 million

Quarterly £conomic Survey 2013 Results of third quarter

Waitrose will open the first supermarket in the South Gloucestershire town of Chipping Sodbury today.

Town mayor Wendy Whittle will have the honour of cutting the ribbon.

She says there was a bit of grumbling when the plans were first mooted, with concerns over parking and whether local shops would suffer, but she’s having none of it.

“It’s definitely positive. It will bring more visitors to the town, who will venture over the bridge and look at all our lovely shops and cafes,” says the 74-year-old.

Building a footbridge from the store to the high street was a key factor in winning local support.

Branch manager Richard Clare, 37, said: “It’s all about building that virtuous circle – people who come to Waitrose come to the town and people who come to the town come to

October 2013

25%

47%

reported an increase in their current workforce over the last 3 months

reported an increase in UK sales

40%

reported an increase in UK orders

Have you recruited staff in the past 3 months?

41%

y n

61%

39%

new

25%

existing Type of positions

34%

new & existing

45%

said export sales have increased

+5%

on last quarter

65%

of businesses are confident about the prospects for their business over the next 12 months

39%

‘It’s positive, it will bring more visitors to the town’

said export orders have increased

+3%

on last quarter

Mayor Wendy Whittle Waitrose. It’s a wonderful market town and we want to be part of that.”

The store has already proved popular with would-be workers as 700 people applied for the 160 jobs and four apprenticeships.

The successful candidates became partners – Waitrose is part of the John Lewis Partnership, an employee-owned company in which workers get an annual bonus that this year was worth 17 per cent of their yearly wage.

Recycled plastic has been used for the trolley shelters and benches outside.

In fact, Waitrose believes the store will be its greenest on record – 30 per cent more energy efficient than its older stores. A biomass boiler fuelled by wood pellets means at some times of year it will not need to take power from the National Grid.

A Cotswold Manor House bought by a company director who had his assets frozen amid allegations of a £12.5m fraud has been put on the market for £6.95m. Adrian Burford spent £9.3million on the Grade II* listed Broadwell Manor in Stow-on-the-Wold last year and it is now being sold by Knight Frank. It comes amid allegations the 50-year-old used money stolen from his own company to fund his glamorous lifestyle. The High Court in London was told in June that Mr Burford had taken £12.5 million from private equity investment Fern Advisors Ltd. He is being sued by the firm, which wants its money back. A further hearing is scheduled for November 7, and the house is being sold on the instructions of the court receiver. Knight Frank describes the property to potential buyers as ‘A beautiful Grade II* listed Cotswold manor house with superb family and entertaining space enjoying fabulous far-reaching views’

A scheme offering rates-free premises to temporary shops in a West town has sparked an angry backlash. The first Portas pop-up shop in Tiverton hosts craft stalls and enjoys 100 per cent business rates relief. It was met with incredulity from Matthew Conridge, MD of the Entertainment Exchange, who said ‘Any public money should have gone to a project which benefited the High Street as a whole not a few’

POUND ABROAD EURO DOLLAR AUSTRALIA BRAZIL CANADA CHINA

68%

32%

are working

at full of capacity businesses are + 2% on last working below quarter capacity

- 2% on last quarter

+ 1% on last quarter

£

60% of respondents think profitability will improve

22%

of respondents see taxation as more of a concern than 3 months ago

www.businesswest.co.uk 1.13 euro 1.53 dollars 1.61 dollars 3.16 reals 1.58 dollars 8.77 yuan

HONG KONG INDIA JAPAN SOUTH AFRICA SWITZERLAND TURKEY

11.80 HK dollars 87.40 rupees 148.65 yen 14.93 rand 1.39 francs 3.02 lira

GOLD BULLION PRICE Gold at close was 1300.66 – 1301.15 dollars an ounce compared with 1326.83 - 1327.33 dollars previously. Silver at 4.30pm was 1371.20p – 1373.71p compared with 1392.67p – 1395.78p previously

FREE DAILY E-BRIEFING Visit www.southwestbusiness.co.uk today and enjoy a free daily e-briefing on the latest business news, opinion and features from centres of enterprise across the West Country

London’s blue chip share index suffered further falls yesterday despite a rally among housebuilders and property-related stocks amid hopes of a boom in Britain’s housing market.

A bullish note from US investment bank Goldman Sachs sparked share gains for developers, mortgage firms and DIY groups after it upgraded a raft of firms on the back of the Government’s Help to Buy scheme and recent encouraging economic data.

Charles Church builder Persimmon leapt 5 per cent higher, bucking falls in the wider FTSE 100 Index, which closed down another 27.9 points to 6337.9 due to ongoing concerns over a US debt default.

Barack Obama spooked markets by insisting there were “no magic bullets” to solve the political deadlock on Capitol Hill.

Anxious investors are fretting that the impasse in Washington between the White House and Congress will not be resolved in time for the deadline to extend the country’s borrowing limit on Oc-

The price of the FTSE 100 index at the close in London last night

68% of

respondents think turnover will improve

YESTERDAY IN THE CITY

6337.9

37% of respondents

are more concerned about competition than 3 months ago

Pop-up Portas project divides opinion in West

Poorest paid see lowest rises One in six workers has been “stuck” on low pay for at least a year, new research has revealed.

A study of official figures by the Centre for Economic and Social Inclusion (CESI) found that a third of low-paid workers have seen their wages increase by less than the national average.

The report said low-paid workers receiving training on the job enjoyed bigger wage rises. Tony Wilson, director of policy at the CESI, said: “We spend £2.9 billion a year on mainstream employment and skills support, yet virtually none of this is used to support people in low-paid work to increase their earnings. This is despite falls in real wages.”

Over the next 12 months:

Market fails to build on gains by developers

@ChamberPolicy

The British Chambers of Commerce’s Quarterly Economic Survey released this week provides further evidence that the UK economy is healing. The infographic above, produced by regional business organisation Business West, shows some of the improvements felt by West firms. Nationally, the quarter three survey is made up of responses from more than 7,400 businesses. It is closely watched by the Bank of England and the Treasury.

This quarter it shows improvements in most key areas for both manufacturing and services compared with Q2, with many balances now stronger than their long-term historical averages. Phil Smith, managing director of Business West, said: ‘This quarter’s results are a mixed bag for our local businesses. We have long-championed the idea that businesses have remained confident about their abilities to grow and it is good to see that even more firms now believe they can increase their turnover and sales, and hire more staff, which is a testament to their hard-work, creativity and ambition. Investment is still a concern, and if we are to have a high productivity, high skill, high wage economy this needs to improve’

tober 17, putting the world’s biggest economy at risk.

Plans for the appointment of Janet Yellen as Federal Reserve chairman offered limited relief to jittery markets as she is seen as a supporter of current stimulus measures to boost the US economy.

However the FTSE 100 is already at a three-month low and was not helped by disappointing figures on the UK manufacturing sector.

The pound fell sharply against the US dollar after overall industrial production fell 1.1 per cent in its biggest monthly decline for nearly a year. Sterling dropped nearly 1 per cent to 1.59 dollars and 0.4 per cent to 1.18 euros.

The upbeat mood in the housing market meant Persimmon rose 54p to 1131p, while in the FTSE 250 Index, Bellway added 50p to 1320p, Barratt Developments rose 1.1p to 320p and Taylor Wimpey gained 5.1p to 103.8p.

Other beneficiaries from the house market optimism included mortgage lender Lloyds Banking Group, which rose 0.4p to 72.9p and B&Q owner Kingfisher after a gain of 3.6p to 364.8p.

Wickes owner Travis Perkins was 8p higher at 1586p, while estate agency business Countrywide improved 10p to 550p in the second tier.

In corporate news, struggling bakery chain Greggs was lifted by a trading update showing a major revamp had helped stem a trending fall in sales.

8 WEST COUNTRY BUSINESS THURSDAY OCTOBER 10 2013 WESTERN DAILY PRESS

Shares

WDP-E01-S3

FTSE 100 Index

6375

WEDNESDAY

6365 6355

West stocks highlighted

6345 Close - Down 27.92 at 6337.91

6335

8

10

9

11

12

Major movers

Price

+/-

AEROSPACE & DEFENCE Avon Rubber 5231/2 +71/2 BAE 440 -71/8 Chemring Group 2831/2 +11/2 Cobham 273 -43/4 Meggitt 5281/2 -7 QinetiQ 1841/2 +33/4 Rolls-Royce 1082 -17 Senior 2561/2 -5 Ultra Electronics 1830 -26

Year High

5501/2 468 3531/4 3073/4 564 2111/8 1240 2883/8 1981

Year Low

3051/4 3003/4 217 1901/8 3661/4 179 8441/2 1857/8 1505

AUTOMOBILES & PARTS GKN 3431/4 -1/2 3603/4 201 Torotrak 27 +1/4 351/2 231/2 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

2673/4 -3/8 3337/8 183/4 20 6683/4 +41/4 7697/8 727/8 +3/8 78 3693/4 -13/4 3735/8 1 1 1436 +7 /2 1837 /2

520 565 18991/2 2968

+6 5881/2 4321/4 +5 592 3491/8 -22 21361/2 17461/2 -17 3657 2599

391 -7 501 3423/4 2570 -49 2841 2164 3 1 230 /8 -6 /8 275 2041/4 2714 -51 2985 2190 2303/8 +1/8 2981/2 133 2273/4 -45/8 2491/4 146 6321/2 345 6081/2 1560 +11 1765 1380 225 1861/2 1921/2

CONSTRUCTION & MATERIALS Alumasc 126 137 Balfour Beatty 264 -83/4 3203/4 1 1 Boot (Henry) 178 /2 +3 /2 201 Boustead 181/2 181/2 Clarke (T) 641/2 +11/4 681/2 -8 306 Costain 2603/4 CRH 1443 -13 1540 Galliford Try 1030 -5 1070 Gleeson (MJ) 332 -1/2 3543/4 Keller Group 940 -11/2 1161 Kier Group 1705 +5 1709 Kingspan Group 10547/8 +151/4 10591/8 80 Low & Bonar 70 -1/2 Marshalls 175 -31/2 184 Morgan Sindall Gp 789 -2 791 1471/2 North Midland Const 1171/2 1 34 Pochins 33 /2 Titon 44 -11/2 451/2 ELECTRICITY Drax Gp SSE

2271/2 73/4 5951/4 391/4 2661/8 1395

6621/2 1454

791/2 2075/8 1231/2 181/2 40 2261/4 1090 678 1401/4 5571/2 1106 613 50 85 508 95 20 22

-7 7171/2 +16 1676

520 1364

ELECTRONIC & ELECTRICAL EQ Dialight 1180 +20 1399 Domino Printing Sci 646 -6 717 Eurodis Electron 1 1 1 Halma 528 -18 /2 578 1 1 Laird 217 -5 /4 249 /4 Morgan Advanced 2961/2 -91/2 318 Oxford Instruments 1402 +25 1752 Renishaw 1727 +9 2081 13/8 Ross Group 11/4 Spectris 2203 -12 2470 1 1 TT Electronics 190 /4 + /4 200 Volex 115 -1 174 Xaar 797 +7 898 XP Power 1402 +40 1402

9991/2 522 1 4103/8 1 171 /8 2201/4 1209 1494 1 /2 1549 114 84 2471/2 909

EQUITY INV INSTRUMENTS Aberforth Smaller Cos 966 -91/2 Alliance Trust 4221/2 -1/2 Bankers IT 554 BlackRock Wld Mining 4581/8 +21/2 British Assets Trust 132 British Emp Secs&Gen 4831/2 -1/2 Caledonia Investment 1818 +38 City of London IT 3541/4 -13/8 Dexion Absolute 1523/4 +1/4 Edinburgh Inv Tst 586 -2 Electra Private Equity 2180 +4 Fidelity Euro Value 1490 -2 Foreign&Colonial 3603/4 +3/4 JP Morgan Japan IT 2371/2 +11/2 JPM Euro IT Gwth 208 -2 Mercantile IT 1354 -6 Merchants Trust 4757/8 -33/4 1 1 Middlefield Canadian 101 /4 -1 /8 Monks Inv Tst 3781/8 -27/8 Murray Income Tst 755 +5 Murray International Tst 1077 +1 North American Inc 825 Perpetual Inc&Grwth 3453/4 -33/4 RIT Cap Partners 1215 -6 Scottish Inv Tst 571 -2 Scottish Mortgage 916 -101/2 SVG Capital 376 +2 Temple Bar IT 1160 -2

655 3633/4 427 4241/2 1163/8 445 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 1523/4 621 2398 1515 383 2473/4 2143/4 1436 507 115 390 820 1245 9151/2 364 1285 606 939 416 1232

Price

+/- Year High

Templeton Emerging Mkts 5551/2 +11/2 Witan Inv Tst 6151/2 +11/2

678 644

Year Low

514 474

FIXED LINE TELECOMS BT Group 3423/4 +21/8 3507/8 2121/2 Cable & Wire Comm 401/4 + 461/4 341/4 Colt Group 122 +2 1351/2 931/2 3 1 KCOM 91 /4 +1 /4 917/8 681/4 Talktalk Telecom 2471/2 -1/2 276 1775/8 Telecom Plus 1403 +32 1403 830 FOOD & DRUG RETAILERS Greggs 4383/8 +111/8 Morrison (Wm) 2743/8 +1/4 Sainsbury (J) 3841/4 -1/8 Tesco 3543/4 -53/4 Thorntons 96 +11/2 FOOD PRODUCERS Anglo-East Plantations 646 Assoc Brit Foods 1889 Carr's Milling 1600 Cranswick 1061 Dairy Crest Group 4737/8 Devro 3041/2 Glanbia 8261/8 Greencore Gp 1511/4 Kerry Group A 3724 Premier Foods 153 REA Hldgs 3761/2 Tate & Lyle 742 Unilever 2351 FORESTRY & PAPER Mondi 1022 GENERAL FINANCIAL 3i Group 3415/8 Aberdeen Asset Mgt 3727/8 Brewin Dolphin 2683/4 Close Bros Group 1230 F&C Asset Mngmt 951/4 Guinness Peat 29 Hargreaves Lansdown 9811/2 5 Henderson Group 186 /8 ICAP 3565/8 IG Group 5711/2 Intermediate Capital 4361/4 Investec 396 IP Group 1373/8 London Stock Exchange 1510 Man Group 787/8 Paragon 3241/2 Provident Finl 1602 Rathbone Brothers 1510 Schroders 2493 Schroders NV 2116 Tullett Prebon 3127/8 World Trade Systems 41/2

5231/2 3021/2 4003/4 3873/4 1001/2

3921/8 2485/8 3217/8 3077/8 285/8

-4 754 621 -4 2031 1326 +12 1609 909 +5 1189 733 +57/8 5281/2 342 -11/2 380 2897/8 +51/8 9361/4 6057/8 -11/4 1541/2 85 -241/8 40713/8 31901/8 1661/2 593/4 +111/2 500 3591/4 +5 883 6921/2 +2 2885 2262

-16

1102

625

-31/4 3871/2 2053/4 +4 4921/8 3181/4 +13/4 283 1693/4 +8 1230 830 + 1103/8 90 331/2 231/2 1 +2 1040 679 /2 +7/8 1921/2 1091/8 1 + /4 4221/4 2803/4 +1/2 6131/2 4163/4 -51/4 5011/2 2871/4 -11/4 5131/2 3583/8 +5/8 1585/8 1051/8 -16 1652 930 +1/2 1343/8 713/4 3545/8 215 -12 1773 1287 +31 1691 1208 -33 2631 1518 -28 2193 1193 -91/8 3957/8 219 41/2 41/2

GENERAL INDUSTRIALS British Polythene 630 637 3721/2 REXAM 4753/4 -4 5471/2 4305/8 7 RPC 455 +8 /8 4773/4 378 Smith (DS) 2715/8 -11/2 288 1971/4 Smiths Group 1322 -10 1419 1018 GENERAL RETAILERS Alexon 27/8 Ashley (L) 24 Beale 10 Brown (N) 489 Caffyns 430 Carpetright 652 Carphone Whse 2441/4 Darty 691/2 Debenhams 104 Dignity 1383 Dixons Retail 441/8 Dunelm Group 867 Euro Home Retail 21 Findel 2411/4 Flying Brands Units 25/8 French Connection 303/8 Halfords 3701/2 Home Retail 1691/4 Howden Joinery Gp 2913/4 HR Owen 1711/2 Inchcape 596 JD Sports Fashion 1074 Kingfisher 3643/4 Lookers 122 Mallett 80 Marks & Spencer 4683/4 Moss Bros Group 693/4 Mothercare 3671/2 Next 4940 Pendragon 333/4 Signet Jewelers 4377 Ted Baker 1660 Topps Tiles 801/2 WH Smith 835

27/8 -1/4 291/2 201/2 -261/2 577 450 +23 7011/2 -23/4 251 -1/2 881/4 +21/4 1233/4 -17 16871/8 -1/2 475/8 -9 1047 21 -51/4 2533/4 61/2 -3/8 34 -9 406 +11/4 1751/8 -23/8 2961/4 1723/4 -81/2 645 +4 1074 +35/8 420 1281/2 841/2 +47/8 5131/2 747/8 +5 4923/4 -15 5205 +1/4 351/4 -56 4934 -95 2017 -3/4 94 -161/2 8631/2

27/8 24 91/2 2663/4 365 585 162 39 783/4 5 992 /8 203/8 613 21 108 23/8 23 299 1023/8 1571/4 61 3561/2 670 2681/2 711/2 611/2 359 531/2 212 3542 131/2 3052 920 47 6061/2

HEALTH CARE EQPMNT & SERV Bioquell 1491/2 +21/2 160 130 Consort Medical 880 -11/2 8811/2 6601/2 Smith & Nephew 7551/2 +8 800 638 Southern Cross 61/4 61/4 61/4 Healthcare

Price

Synergy Healthcare UDG Hlthcare

1005 326

HOUSEHOLD GOODS Aga Rangemaster 1231/4 Barratt Developments 320 Bellway 1320 Berkeley Grp Hldgs 2137 Bovis Homes 717 Gaskell 21/4 Headlam Group 370 McBride 121 Persimmon 1131 Reckitt Benckiser 4270 Redrow 2353/4 Taylor Wimpey 1033/4 Victoria 2321/2

+/- Year High

-19 1165 -2 3605/8

916 217

+ /4 128 /4 54 /4 +111/8 3551/4 177 +50 1502 9341/2 +55 2340 1420 +161/2 8511/2 4891/4 21/4 21/4 415 2985/8 1 - /8 1463/4 101 +54 1305 739 +1 4950 3609 +61/2 2551/8 1527/8 +51/8 1133/4 565/8 245 1871/2 1

INDUSTRIAL ENGINEERING Assoc Brit Engineering 135 Bodycote 6471/2 +51/2 Castings 419 -6 Fenner 3807/8 -121/4 Goodwin 3800 -20 Hill & Smith 447 -4 IMI 1447 -14 Melrose Ind 2901/8 -23/4 Molins 170 MS Intl 1731/2 Renold 365/8 -7/8 Rotork 2697 -3 Severfield-Rowen 601/2 +1/4 Spirax-Sarco 2812 -75 Tex Hldgs 761/2 Trifast 66 -2 Vitec Group 676 -6 Weir Group 2233 +11 INDUSTRIAL METALS First Quantum Minerals 1095

Year Low

+34

3

1

145 115 685 3451/8 450 291 4351/4 3057/8 3820 1515 480 364 1513 902 3123/4 2067/8 178 1231/2 2611/2 1731/2 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 2961/4 -21/8 326 1953/4 Braemar Shipping 510 +111/2 520 350 Clarkson 2290 +14 2290 1150 Fisher (J) 1132 +39 1148 750 Irish Continental Units 21563/8 -81/2 22111/2 14823/4 Ocean Wilsons 9321/2 +6 11571/2 8971/2 Stobart Gp Ord 1221/2 1251/2 741/2 UK Mail Gp 590 +10 645 265 1 Wincanton 102 -1 /4 1063/4 433/4 LEISURE GOODS Games Workshop 795 Hornby 783/4 Photo-Me 113

-3 8231/2 601 -3/4 871/2 551/4 +1 113 463/4

LIFE INSURANCE Aviva Hansard Global Legal & General Old Mutual Prudential Resolution St James Place Standard Life

4191/2 110 1861/2 1841/4 1138 3201/2 601 3331/4

+11/4 -1 -41/4 -3/8 -12 +3/8 -81/2 -77/8

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

561 1623/4 8591/2 523/8 3121/2 66 1013/4 1 862 /2 7551/2 1046 123/8 193 1 /8 64 1 5 /4 510 2783/8 1787/8 133/8 1453/4 1254 1601/2 8211/2 2357 261 2321/2 1231/2 691 1891/8 2125/8 1215

-7 570 333 -1/4 163 102 1 -10 /2 8991/2 709 +7/8 60 31 +2 324 2061/2 75 581/2 +1 109 751/4 8821/2 515 1 -2 /2 835 4511/4 -39 1209 7471/2 213/8 121/4 -2 195 157 1 1 /2 /8 -1 653/4 37 3 7 1 + /4 8 /8 2 /2 -111/2 545 3801/2 -5 3073/8 1831/2 -43/4 1835/8 855/8 19 91/8 -11/2 221 134 +11 1350 1119 1621/2 136 -171/2 8531/2 600 -3 2460 1436 +2 2621/2 921/2 2483/4 175 -21/2 1281/4 511/4 1 -11 /2 788 636 +5/8 195 1151/2 -43/4 2173/8 1273/4 -22 1296 788

51/4 14481/2 1903/4 8301/2 48 15 1 1771 /2 1 108 /2 53/4 246 285/8 3053/4

-1/4 151/2 51/4 -151/2 2072 1207 -11/4 289 161 -3 1381 7841/2 -1/2 751/4 36 -1/4 843/4 63/4 1 +3 2236 1666 /2 1261/2 95 87/8 27/8 -91/4 826 2333/4 -1/4 423/4 231/2 -17/8 5201/2 2531/2

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

4225/8 136 2035/8 2215/8 1232 336 6411/2 4213/4

2941/8 841/4 1323/8 1661/8 8341/2 2071/4 3747/8 2821/4

Price

Randgold Res Rio Tinto Vedanta Res

+/- Year High

4295 -125 29571/2 -19 1020 -50

7745 3757 1335

Year Low

3972 2582 992

MOBILE TELECOMMUNICATIONS Inmarsat 705 -5 749 5421/2 Vodafone Group 215 -31/2 222 1541/2 NONLIFE INSURANCE Admiral Grp 1195 Amlin 3917/8 Beazley 2031/2 Catlin Group 468 Jardine Lloyd Thom 9361/2 RSA Insurance Gp 1161/4

-2 -113/8 3 -1 /4 -41/2 -31/2 -11/4

1416 4351/8 2423/4 5521/2 9491/2 1361/4

1019 3641/8 1671/4 4551/4 723 1073/4

OIL & GAS PRODUCERS BG Group 11571/2 +3 13501/2 10001/2 BP 4331/2 -1/4 4831/4 4165/8 Cairn Energy 2621/4 +17/8 2961/8 2513/4 Dragon Oil 5851/2 662 510 -2 121/2 71/8 Fortune 77/8 JKX Oil & Gas 66 803/8 481/2 Premier Oil 3247/8 -1/4 4001/4 3211/4 Royal Dutch Shell A 1987 -11 23091/2 1987 Royal Dutch Shell B 20771/2 -11 2365 20771/2 Soco International 3981/2 -43/4 430 3197/8 Tullow Oil 9751/2 -5 1468 9751/2 OIL EQUIPMENT & SERVICES AMEC 1050 -11 1127 9651/2 Hunting 771 -131/2 941 716 Petrofac 1336 -5 1737 1194 Wood Gp(J) 766 +4 9151/2 7201/2 PERSONAL GOODS Abbeycrest 11/2 Burberry Gp 1550 Creighton 43/4 Lambert Howarth 181/2 PZ Cussons 4003/8 Worthington Group 3

11/2 11/2 1667 1125 51/2 11/2 181/2 181/2 3 + /8 4321/2 3121/2 8 3 -33

PHARMA & BIOTECH 3 3 Ark Therapeutics /8 + 35/8 /8 AstraZeneca 3113 -30 35211/2 27921/2 BTG 3685/8 -25/8 3977/8 3171/2 Dechra Pharms 6871/2 -271/2 780 569 Genus 1321 -50 1594 1284 GlaxoSmithKline 1550 +1/2 1782 13171/2 Hikma Pharmaceuticals 1062 +21 1112 7221/2 Oxford Biomedica 21/4 - 27/8 13/8 Shire 2387 -31 2593 1727 SkyePharma 881/2 -11/2 1013/4 431/2 Source Bioscience 93/4 117/8 91/8 Vectura 110 -3/4 117 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

444 15/8 568 391/2 845 1198 3913 2407 2001/2 1753/4 555 492 287 680 3201/2 9161/2 351/4 1701/2 6400 470 3271/2 316 85 596 351/4 3063/4 5791/2 85 3287/8 526 225 209 3741/8

+61/4

460 15/8 -1 658 42 845 +30 1260 -101 4200 +10 2542 +1/2 209 +4 1871/2 +71/2 598 5 +1 /8 554 +21/4 3021/2 695 +23/8 366 +1 994 351/4 +11/2 171 1 -12 /2 65121/2 -1 500 3421/2 1 -2 /2 3641/2 +1 92 -81/2 6641/2 351/4 +3/8 3133/4 1 -6 /2 668 901/2 +151/4 333 600 -1/2 230 -15/8 2161/2 +41/8 403

SOFTWARE & COMP SERV Anite 1091/2 -11/2 DRS Data & Research 221/4 Electronic Data Proc 67 -3 Emblaze 491/2 Fidessa Gp 1895 -6 Gresham Computing 1221/8 1 Innovation Group 30 /4 Invensys 4961/2 +1/4 Kofax 3661/2 +61/2 Microgen 1251/2 -1/2 Parity 315/8 +11/8 RM 112 +17/8 Sage Group 3127/8 -73/4 SDL 286 -6 Triad Group 11 SUPPORT SERVICES Acal 280 +11/2 Aggreko 1461 -11

162 23 721/2 61 2190 1 140 /2 301/2 5091/2 388 1551/2 44 116 1 387 /4 640 161/2

3227/8 15/8 506 223/4 690 6561/2 2706 1970 143 1051/8 4443/4 4583/4 178 560 3005/8 7621/2 211/2 1311/2 4350 3411/2 285 3121/2 513/4 3911/4 351/4 2215/8 5221/2 721/2 194 525 1783/4 1571/2 2603/4 1091/2 151/4 471/2 43 1275 3 62 /4 203/4 270 2603/4 112 181/2 64 3043/8 271 51/2

284 1573/4 2302 1442

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

590 1113 1160 882 4471/2 1295 9671/2 2995/8 581/4 2518 9281/2 6161/2 2633/8 718 1144 239 90 1155/8 1 244 /8 5121/2 5681/2 3153 93/8 148 12871/2 195 5 357/8 1 26 /2 4081/2 7931/2 6 4783/4 7 283 /8 435 36 1030 2091/8 185 107 575 307 2655/8 5221/2 92 1791/8 1933/4 661/4 169 3513/4 1586 1851/2 4991/2 59 3097

Year ▲ Risers Low

+/- Year High

+/- chng Year Wk%

179 +10 +5 103 1131 Severn Trent +54 +15 328 United Utilities +13 343 1320 +50 652 +23 AIM 320 +11 1pm235 +6 21st493 Century Tech+12

+6.39 +5.17 +5.01 1754 +4.85 6881/2 +4.15 +3.94 +3.66 +3.59 41 +2.83 +2.64 53/4

+7.41 +3.18 +10+2.63 2090 +6.99 +3+2.88 7871/2 +1.85 -2.90 +2.667 1 - /2-1.54 45 /8 -1/+3.61 8 16

-23 -27/8 +3/4 +3 -3 +5 3 -2 /8 +4 -8 -43/4 +1/4 -13/4 -51/4 -41/2

600 Group Abbey Advanced Medical S Alkane Energy Alliance Pharma Amerisur Resources Aminex Andrews Sykes Antisoma 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

171/2 +11/8 175/8 93/8 757 +2 755 530 92 +11/2 921/2 54 39 411/4 223/8 347/8 -3/8 381/2 275/8 44 -2 58 391/4 21/4 +1/8 53/4 2 284 284 197 1 1 3 1 /2 + /8 2 1 /8 861/2 +21/2 1071/2 411/2 73 92 543/4 191/4 -1/4 201/8 107/8 4862 -99 5701 2135 5 51/8 21/4 55 +1/2 741/2 531/2 2141/2 +1 2271/2 154 200 2031/2 1521/2 153/4 213/4 131/2 21/4 3 21/4

-49 -1/2

-4 -2 -61/4 -45/8 +1 -1 +5 -11/4 -23/4 -3/4 -2 -41/2 5 +2 /8 -2 -1 -7/8 -41/4 +11/4 -1 -1/2 +8 -1/4 +67/8 -26

1057 713 3313/4 2443/4 68 343/4 2713 211/2 1075 8911/2 661 435 2821/2 2037/8 830 510 1288 980 3131/2 2071/2 953/8 54 1183/8 763/4 5 5 293 /8 185 /8 5251/2 377 5911/2 3491/8 3453 2742 93/8 93/8 1481/2 1151/2 1345 940 1961/2 126 5 5 367/8 237/8 1 32 21 /4 4301/4 2821/4 809 573 6 6 5021/2 3463/8 3 300 /4 248 4411/4 2441/4 1321/2 333/4 1185 750 2383/8 1651/2 1953/4 96 1111/4 85 5 585 349 /8 335 191 2745/8 1951/2 6831/2 5221/2 98 73 1933/4 102 211 130 661/4 291/2 1801/2 981/2 370 282 1713 1060 2061/2 921/4 4991/2 313 59 361/2 3483 26365/8

TECH HARDWARE & EQUIPMENT ARM Hldgs 9451/2 -32 1097 BATM Adv Comms 161/4 -1/4 21 3 3 Bede /4 /4 CML Microsystems 5211/2 550 CSR 508 -13 607 Filtronic 663/4 831/4 Imagination Tech 2621/8 -143/8 552 Northamber 321/2 361/2 Pace 2491/2 -1/4 3191/4 3 3 Plasmon /8 /8 Spirent Comms 1251/8 -25/8 1691/4 Vislink 44 +1/4 491/2 Wolfson Microelectronics 1531/4 +11/4 2261/4 TOBACCO British Amer Tobacco Imperial Tobacco

3205 2174

TRAVEL & LEISURE 888 Holdings 1633/4 Air Partner 4421/2 Bwin.Party Digital 1203/4 Carnival 2030 Compass 8291/2 easyJet 1216 Enterprise Inns 150 FirstGroup 1221/8 Fuller S.T.A. 8701/2 Go-Ahead Gp 1680 Greene King 764 Intercontl Htls 1785 Intl Cons Airl 3263/4 Ladbrokes 1793/4 Marston's 1441/2 Millennium & Copth 573 Mitchells & Butlers 3903/4 National Express 2497/8 Paddy Power 49355/8 Punch Taverns 143/4 Rank Group 1533/4 Restaurant Grp 518 Ryanair Hldgs 5151/2 Sportech 83 Stagecoach 3223/8 Thomas Cook 1447/8 TUI Travel 3591/4 Wetherspoon (JD) 7101/2 Whitbread 2992 William Hill 4021/2 UTILITIES Centrica Dee Valley National Grid Pennon Group

Year Fallers ▼ Low

Price % rise

Ladbrokes Taylor Wimpey +2 Persimmon 730 3425/8 St Modwen Props -1 Crest 1239 Nicholson 638 -1 Bellway 1218 940 Carpetright +6 939 563 Barratt Devs 1 -33/4 482 /4 2371/2 Redrow -10 Kentz 1409 Corp 1009

-7 -24

5771/2 133/4 3 /4 364 3307/8 303/4 2351/8 271/2 1611/4 3 /8 118 245/8 140

3784 30691/2 2534 2120

-7/8 186 911/2 -271/2 495 257 -13/4 156 1011/4 -17 2628 2030 -11/2 9101/2 6711/2 -14 1448 5971/2 1533/4 63 -5/8 2233/4 92 1 - /2 969 726 +37 1697 1220 -5 8971/2 587 +22 2039 1524 -23/8 346 1543/4 +103/4 2431/8 1673/8 +31/2 1651/2 1173/4 +6 5821/2 456 +61/2 460 296 -23/4 2747/8 1641/2 -44 59735/8 46007/8 151/2 61/8 -13/4 1771/2 1371/4 -91/2 575 3635/8 -11/8 6335/8 3727/8 -11/2 108 621/2 -53/4 3375/8 2657/8 +11/2 1705/8 17 -23/4 4011/2 2463/8 -1/2 767 4863/8 +25 3303 2300 +51/2 4941/2 326

3603/4 -13/4 4021/4 3103/4 1445 1470 1325 7431/2 +8 8471/2 682 6791/2 -21/2 7341/2 598

Price

Rise p 3 4 3 4

3 4

1 8

7 8

1 4

1 2

3 4

1 8

3 4

1 2

3 4

High

1

2

3

+/Fall p Price % fall

Price

Ted Baker 1660 Imagination Tech 262 Brown (N.) Ottoman Fund489 1513 Vedanta Resources 1020 Oxeco 647 SuperGroup 1069 Panmure Gordon Dechra Pharma 687& Co Genus 1321 Patagonia Gold Kazakhmys 246 Paternoster Res 1 13 /4 Inst Inv Euromny 1046 Penna Consulting Halma 528 5

49 96 545

611/2 20 96 38 1 1 552 /2 472 /2

200 631/8 105 33/4 27/8 73/4 2871/2 40 47/8

200 32 66 371/2 1871/2 76 71/2 33/4 1 7 5 /2 2 /8 -1/4 23 71/8 2921/2 2221/2 541/2 39 91/4 47/8

5021/2 15/8 383 145 2391/2 6 500 300 981/2 381/2 120 235/8 196 87/8 231/4 250 1261/4 5 /8 63/4 661/2 301/2 311/2 66 643/4 1 94 /2 567 197/8 195 11/8 301/4 129 130 177/8 49 325 180 55/8 691/4 20 1121/2 473/4 1 /8 81/8 288 268 2761/2 2813/4 87 51 3741/2 1 /8 173 3 33 /4 1775 308 5331/2 11/8 11 93/8 40 1014 1 166 /4 115/8 601/2 42 931/4 1152 97/8 5 /8 211/2 2305/8 2563/4

-5 5071/2 2621/2 - 13/4 11/8 +3 383 1701/2 -2 147 85 -12 2691/4 761/2 93/4 51/4 5421/2 4371/2 3721/2 2721/2 1091/2 661/2 +1/2 391/4 241/2 1211/2 92 243/4 137/8 270 196 117/8 65/8 -1/4 241/8 7 277 1871/2 1 3 1 +4 /4 163 /4 105 /2 3 3 /4 /8 63/4 63/4 773/4 38 311/2 25 35 181/2 3 -1 80 47 /4 651/2 37 1 122 /2 69 -41/2 574 415 +3/8 321/2 181/2 2731/2 195 7 8 /8 -1 381/2 261/2 1 1 -13 /2 158 39 /2 -21/2 1321/2 100 223/8 111/4 -1 561/2 16 3371/2 325 1921/2 175 +3/8 53/4 1 1 + /4 1181/4 521/2 3 1 52 /8 19 /4 126 871/2 473/4 361/2 1 3 /8 /8 +1/8 111/8 47/8 1 1 1 -3 /2 542 /2 287 /2 +8 268 1321/2 -21/4 319 192 -71/4 669 2373/4 +1/4 941/2 591/2 +1/2 513/4 333/8 399 270 1 1 + /4 /8 1 + /2 173 1111/2 1 63 27 /2 1795 16871/2 3161/2 170 -111/2 545 397 13/4 131/2 33/4 1 - /8 141/2 87/8 -1/4 421/2 203/4 +19 1449 850 -61/4 199 565/8 133/8 93/4 -1 78 481/2 431/4 28 115 791/2 -35 1237 790 + 111/4 3 3 + 11/8 /8 223/4 111/2 +53/8 251 1013/4 -10 2783/4 933/4

1

1

8

2

-95 -14 -26 29 -50 1 10 /8 -44 1 -27138 /2 -50 12 -9 3/8 -39 92 -18 3 8 1 2

1 2

1

cls

4

4

1 2

-5.41 -5.21 -5.14 -4.67 -3.95 -2 -3.85 -3.65 +1/4 -3.61 -3.59 -3 -3.39

Year Year Wk% chng High Low -13.54 -19.35

37-5.9629 -6.42 141/2-6.3183/4 225-4.51 1321/2 27-5.64 8 5 -6.111 /8 /4 -8.731 971/2-6.30 62 /2 1 89 /2 38 4431/2 320 132 993/8 271/8 53/8 25/8 17/8 705 485 71/2 5 93/4 33/8 76 461/2 133/4 7 520 97 521/2 9 13 61/4 37 25 1 10 /2 2 93 411/2 511/2 36 75 411/2 3 103/8 /4 146 761/2 1363/4 943/4 1751/2 1123/4 7 73/4 /8 17 11 411/2 20 21 51/4 147 821/2 1 95 /2 611/2 821/2 58 61/8 33/4 7 3 3 / 8 2 /8 1531/2 110 291/4 83/8 550 375 361/4 177/8

Pennant Intl 811/2 Personal Group 380 -71/2 Petra Diamonds 1181/8 +5/8 Petrel Resources 141/2 -1/4 Pittards 23/8 Portmeirion 685 -21/2 Prime Active Cap 7 Prime Focus London 53/8 Prime People 74 Progility 81/4 -1/8 Publishing Technology 520 +10 Pursuit Dynamics 213/4 -1/2 Qihang Eqpt 61/2 Qonnectis 341/2 RAM Active Media 2 Rangers Intl 471/2 Real Good Food 51 Redhall Group 431/2 -1/4 7 Redstone /8 Renew Holdings 138 +11/2 RGI International 127 Rockhopper Exploration 1331/4 +21/4 RSM Tenon 11/8 RTC Group 15 Sabien Technology 37 +2 Safeland 21 1 Sagentia Gp 145 /2 Scapa Group 83 -21/4 SciSys 701/2 Services Power Tech 43/4 -1/8 Servoca 33/4 Sinclair (Wm) 110 Sirius Minerals 9 +1/2 Slingsby (HC) 375 3 Software Radio 30 /4 -1/4 Technology Sopheon 1001/4 150 SPDI Secure 681/2 77 Statpro 90 1081/2 1 1 1 Sterling Energy 35 /8 + /8 42 /2 Stilo International 41/8 47/8 Strategic Natural 91/2 +1/8 28 Resources Sutton Harbour 26 35 Swallowfield 831/2 120 1 1 Synetics 485 /2 502 /2 Taliesin Property 15721/2 -21/2 16471/2 Tasty 1021/2 +2 104 Tawa 17 451/2 Telford Homes 3011/4 +131/4 3331/2 Telme Group 128 129 Ten Alps 11/4 23/4 3 1 Terrace Hill 23 /8 - /8 25 Thorpe (FW) 110 136 1 1 Total Produce 65 /2 67 /2 Trakm8 Hldgs 291/4 -3/4 30 Transense Techs 73/8 13 3 3 1 Travelzest 1 /4 - /8 6 /4 7 1 Turbo Power Systems /2 /8 TVC Holdings 50 84 Ultima Networks 1 11/4 3 Univision /4 +1/8 11/8 URU Metals 21/8 31/2 Vernalis 287/8 -5/8 31 Vertu Motors 541/2 +1/2 55 7 1 VPhase /8 /8 Walcom Group 3 3 Walker Greenbank 1361/2 160 1 1 Weather Lottery /8 + /4 West African Diamonds 1 - 31/8 WYG 1073/4 -21/4 110 Wynnstay Group 607 +1 607 Wynnstay Props 275 275 XXI Century Inv 13/4 41/8 Young Brewery A 990 10821/2 Young Brewery N/Vtg 655 -15 7271/2 Zincox Resources 153/4 +1/8 521/2 Zoo Digital 11 171/2 BRITISH FUNDS Consol 21/2% 593/32 Consol 4% 957/16 Conv 2.5% 8115/32 1 Tres 2 /2% 591/2 War Ln 31/2% 841/16 Tres 8% 15 1169/32 Tres 21/2% IL 16 3423/4 3 Tres 8 /4% 17 12825/32 Tres 8% 21 14031/32 Tres 5% 25 12121/32 Tres 6% 28 13527/32 Tres 41/4% 32 114

+7/32 +19/32 +3/8 +5/16 +1/2 +1/32 +7/32 +1/8 +7/32 +1/4 +5/16 +1/8

661/32 10029/32 9117/32 671/2 959/16 1245/16 3537/8 13825/32 1543/16 1333/4 15017/32 12523/32

741/2 601/8 731/2 331/4 35/8 93/8 213/4 721/2 2721/2 1065 501/2 17 1311/2 86 11/8 93/4 92 38 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 51 396 2721/2 15/8 6921/2 5321/2 141/2 61/4

561/16 8923/32 76 533/4 7927/32 1167/32 3397/8 12731/32 1385/8 1185/32 13115/32 10911/16

Reports TODAY Finals Air Partner, WH Smith Trading update Hays Report Bank of England decision on interest rates TOMORROW Share offer Announcement of offer price and start of conditional dealings in shares of Royal Mail Report CML lending breakdown figures for August