Business wdp 21nov13

Liz Parks: Axminster Carpets is well David Cameron and truly back in business Page 7 writes for Daily

Press business

Inflation worry Last year I launched Start-Up Loans. This is a Conservative risks growth policy which is exactly what it

says on has the tin: help Britain the money highesttoinflapeople startinup the theirEuropean own busition rate ness andaccording get on in life.

Union, to figures Yesterday we reached a big from the 28-nation bloc’s ofmilestone: the 10,000th loan ficial statisticians.

Thebeen 2.7 per cent annual CPII has processed.

And inflation recorded in the want to rate explain to Wester n UK inPress September Daily readers was why well this above the overall EU rate 1.3 isn’t just a number on aofgovper cent and the 1.1 per cent ernment graph – but why in it the eurozone, said Eurostat. really matters.

By comparison, inflation First, Loans are was zero Start-Up per cent in Ireland, helping budding entreprenone per cent in France and 1.6 eurscent across our country per in Germany , while achieve their dreams.

It’syear not prices are falling year on easyBulgaria, starting outGreece on your own in and Latvia, according to the Euronowadays and that’s espestat figures. cially true when it comes to LabouraTreasury spokeswogetting loan. People who man Catherine McKinnell said yesterday: “This is yet more David evidence of the cost-ofliving Cameroncrisis has facing families across hailed theBritain after three years of this Government’s impact ofpolicies. Prices have failing start-up loans now risen faster than wages in 39 out of 40 months under David Cameron and now we learn thebusiness highest want that to setwe uphave a new rate of inflation of door any shut EU are often having the cin ountheir try. face by the banks.

“David is so outgot of These areCameron people who have touch thinks people and are ideas, hedetermination better off, but working people costed business plans – but are over £1,500 worse off since through nooffice.” fault of their own he came to

butcher folds

BY RICHARD BACHE wdbusiness@b-nm.co.uk

A controversial £500 million deal for RUNDLE a West helicopter BY CHRIS giantTINA to supply AND ROWEthe Indian government was still airborne wdbusiness@b-nm.co.uk last night.

The parent company One of Italian the South West’s bestknown chains has of Yeovilbutchery firm AgustaWestland collapsed debts scanreis embroiledwith in a bribery portedly into and mildal in the running sub-continent it lions of pounds. is thought that would scupper Gerald and aFamily the deal David to supply dozen, based AW101in Minehead, helicopterswent to into the liquidation at the end of last Indian Ministry of Defence. week, leaving more than 50 Latefacing yesterday staff an Finmeccanuncertain fica uture.released a statement saying that AgustaWestland An administrator has been had appointed a former Indian appointed to run its affairs. supreme courtitsjudge to act in as Apart from two shops

12 50

Staff facing uncertainty to the The number of VVIP AWdue 101 difficult situation at Gerald David helicopters involved in the deal its representative during had the Minehead the company six others including units the in arbitration process with Taunton, Dulverton and ChedIndian government. dar, supplied from the of comIt all said: “A delegation its psubsidiary any’s ownAgustaWestland abattoir in Porin lock.

There are other outlets at New Delhi today had a meetDarts Farm, Topsham, and at ing with the representatives of Puxton Park, near Westonthe Indian Ministry of Defense super-Mare.

It also ran a regarding contract for the mobile unitthe which appeared at supply such of 12 VVIP AW 101 helishows as the Bath and copters India.County.

West andtoDevon “AgustaWestland re-emAt one time the – business was one of the successful phasising themost correctness of in South itsthe actions onWest eachfood stagesector. of the Mr David, tender who started helicopter – has with desone side-street shop B. in the ignated Justice N. 1970s, drove aformer top-of-the-range Srikrishna, Supreme Bentley and and clients were inCourt Judge former Chief vited to week-ends aboard his Justice High Court Kerala, as ocean-going motor cruiser.

representative of the arbitration procedure, required by the same company.”

Yesterday, Yeovil MP David Laws said were he hoped no deBut there less successcision would into be made until ful ventures a lingerie proper investigations were business and a wet fish shop, concluded onlyone if any and two and hotels, in evidencenear of wrong-doing Culbone, Porlock, andwas the other Dunster, both of provenin . which failed.

The ultimately contract was suspended things after started go inAnd February the tothenbadly wrong last year when it chief executive of Finmeccanwas ordered to pay and ica was arrested forfines allegedly penalties of £15,000 being paying bribes to after secure the prosecuted by Trading Standdeal. ards. The company had built department was reporitsThe reputation on sourcing beef ted lamb to have a with final and fromserved Exmoor, notice on the agreement and its shops, vehicles and website previously the of Times of India using images sheep and claimed the company had 21 cattle grazing on Exmoor.

Butto a reply, lengthy investigation days explaining why revealed what the deal some shouldof not be was terbeing soldover as local meat had in minated the breach of an fact fromin the animals “integcome rity” clause deal. bought Indiain isthe theMidlands. world’s biggest Earlier this year, Gerald importer of arms at the David officially retired from moment andand the went dozen the business to helilive copters is handing thought to represent in Spain, everything about a third of the Yeovil over to sons Alistair and factory’s annual production.

Philip.

But the abattoir was Meanwhile, AgustaWestreported as having closed land days has ago enjoyed fruitful some after aa dispute with meat inspectors over week at he Dubai Airshow. unpaid bills over helithe It sold twoand AW169 week-end unsoldAviation goods and copters to Falcon Serequipment were the removed vices of Abu Dhabi, Dubai from most placed of the shops.

Air Wing an order for The company’s debts are reone AW189 8-tonne class twin portedly in the millions, with engine helicopter perform creditors includingtolivestock VIP transport and auctioneers andmissions bacon and Dubai suppliers.

Police bought five cheese AW169s perform a range of Dairy to farmer Derek Mead, missions including enPuxton Park’s owner, law said arrangements were beingmedicmade forcement, emergency to take theand butchery al services also VIP outlet transback port. in house and to carry on trading Gulf there.

Helicopters of Qatar Despite strenuous efforts has also signed firm orders for the Western Pressa was fifteen AW189Daily following preunable to contact the David liminary deal in 2012. family yesterday.

they can’t get the money to make a go of it.

Start-Up Loans are changing that. Just ask Thomas Coppen, a young man in his 20s from right here in Bristol.

Today he runs a successful West Country marketing firm withpublisher a number Future it was on course to of highsaid profile clients. deliver a dividend for the But at the beginning offirst last time since 2011, as it anyear, the company was strugnounced that results to the end gling to get offwill themeet ground: he’d of September expectapplied at ions. to a number of banks and they’d all titles turned him Future, whose include down. Film and technology Total His lifeT3, changed when he magazine as well as games and music websites, said there applied for a Start-Up Loan was mo-a and was“encouraging able to invest in mentum” across all strategy. trading proper marketing areas.

Advertising bookings The business is now going for first quarter of and the fromthe strength to strength

Future brighter for publisher

AgustaWestland has endured a turbulent time over a controversial deal to supply helicopters in India, but did win One of the region’s biggest chains of butchers’ shops has gone into administration. Gerald David, pictured above, important ordersearlier at thethis Dubai Airshow week chain went into administration last week, it is understood retired to Spain year, but histhis eponymous

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2014/15 year are up more than 30 perTO cent, amid TURN PAGE 5 good progress reshaping the business.

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Helicopter deal still up Creditors left in air – just hanging as

Somerset gym equipment makers flex their muscles Page 6

West brewery launches new search for the ‘Perfect’ pint Page 2

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Why was mayor George Ferguson shouting about innovation? Page 6

1

Business Business

2 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 21 2013 WESTERN DAILY PRESS

Baker raised dough through strangers

Military charity seeks business backing

He is better known for making bread but a Bath baker is turning his hand to DIY to help build his new city centre shop. Duncan Glendinning, co-founder of the Thoughtful Bread Company, managed to secure £55,000 of investment, mostly from complete strangers, through crowdfunding. He is moving the bakery from Green Park Station into new premises in Barton Street on December 6, where he will in time sell and bake bread, as well as open a bakery school.

Military charity Afghan Heroes is seeking to broaden its backroom skills by appointing additional trustees. The charity – based in Ashcott, Somerset – is particularly keen on adding trustees with a professional business background to help and advise on the running of the charity and its flagship Retreat post services facilities. Interested business people are asked to email a CV to info@ afghanheroes.org.uk for further information.

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West aviation firm gets rock star on board Rock legend Bruce Dickinson has signed up with a Devon aviation company to become its nonexecutive chairman. The Iron Maiden front man and pilot has formally cemented a working relationship with Branscombebased Aeris Aviation, after clocking up 50 hours trial-piloting its Eclipse jet to a series of gigs around the US

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STOCKS AND SHARES, PAGE 8

Fashion firms urged to join catwalk event Things don’t stand still for long in fashion and organisers of one of the West’s most popular fashion events says firms wanting to be involved need to move quick. Bath in Fashion runs from May 3 to 10 but businesses are already being encouraged to get thinking about how they can be part of the event. It aims to put the focus on the city’s retail sector as well as highlighting the area’s growing links with the international catwalk scene.

Prince keen to honour responsible business A charity led by Prince Charles is calling for inspiring firms to enter its annual Responsible Business Awards. They are run by Business in the Community and highlight the powerful and positive role South West businesses are playing in community and sustainable work. They are the UK’s longest-running corporate responsibility awards. Last year 15 businesses across the South West were awarded a responsible business accolade.

Barry Geraghty winning the Queen Mother Champion Chase on Sprinter Sacre was a highlight at Cheltenham, but the real winners were the staff

Course reaps rewards of clearing weather hurdle Cheltenham Racecourse has won a national award for the way it battled against the elements to ensure this year’s Festival went ahead.

Many businesses are affected by the weather and have to be resilient in the face of changing conditions, but for few is it as critical as it is for the Jockey Club-owned course during the Cheltenham Festival.

It is no exaggeration to say that despite some degree of insurance against cancellation, millions of pounds can be at stake if the weather claims the event and 65,000 paying customers don’t brandish their pounds and euros.

But in March, despite operating in the face of temperatures dropping to -12C, the racecourse team demonstrated a degree of resilience

smaller courses probably could not match to ensure British jump racing’s greatest event went ahead.

Both the old and new courses were covered as well as the take-off and landings on the cross-country course.

The work took 70 staff 16 hours to cover 70 acres with 900 sheets, held down with 10,000 pegs and 1,000 sandbags.

Brewery where bosses really do expect the ‘Perfect’ pint

West Country journalist lands Guardians role A respected West journalist has been installed as Master of the Guild of Guardians of Bristol.

Steve Egginton, has been a member of the guild, which has an invited membership of around 60 of Bristol’s leading companies, since he joined as HTV’s representative 15 years ago. He previously worked for the Western Daily Press and GWR

BY JEFF WELLS wdnews@b-nm.co.uk

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APPOINTMENTS, PAGE 7

The concerted team effort has now seen the racecourse being honoured for its operational excellence at the annual Racecourse Association (RCA) Showcase and Awards.

The work undertaken by the racecourse team was deemed by the independent judging panel to be best in class.

The award was received last week.

Engineers strike it rich with oil deal

Heavy plant firm digs deep for new kit

Engineering firm DPS Global has won a multi-million pound contract to design a cylindrical vessel for extracting and processing oil in the North Sea for growing player Dana Petroleum.

Portishead-based DPS is working closely with Chinese ship-building firm Cosco to design production facilities to separate and treat oil, gas, sand and water extracted from the field. DPS employs 136 staff in the North Somerset town.

A plant hire specialist with a hub in Avonmouth, near Bristol, is investing £61 million as it gears up for growing demand from the construction sector. Hewden, which employs 35 people at its Avonmouth hub and another 15 at a separate Bristol site, has seen increasing demand for its machinery and has ordered 450 telehandlers, worth £25 million, is spending £10 million on excavators and £9 million on cranes.

All pubs should aspire to serve the perfect pint, but staff at one West brewery’s pubs are expected to serve the Perfect pint.

For Jayson Perfect, a director at Dorset brewery Palmers, has established an Academy of Beer to ensure staff serve a pint correctly.

It is the sort of training that it is easy to assume should be a minimum industry expectation, but any drinker would have tales of woe to tell of new bar staff making a poor effort of pulling a pint.

But there should be no danger of that happening at one of Palmers’ more than 50 pubs across the West.

The academy was launched at The George Hotel in West Bay with a half-day training

Jayson Perfect (centre left) launched Palmers’ Academy Of Beer with head brewer Darren Batten. Bar managers Jamie Smith (left) and Victoria Winstanley (right) have taken the course course for licensees and key pub staff in the Bridport area, from Chideock to Litton Cheney. Six sessions a year are to be held at different Palmers’ pubs across Dorset, Devon and Somerset, to ensure that all areas are covered.

Mr Perfect, who is Palmers’

tenanted trade director, worked previously as a barman, cellarman and landlord. He said: “We were going to run the academy in the brewery itself but then we thought, this is a course for people who work in pubs, so let’s take them to a working cellar and let’s talk about the

entire process from the production of the beer to how it reaches the customers’ lips.

“What I want to achieve is the customers’ expectation of having a perfect pint – excuse the pun – every time.”

Head brewer Darren Batten said: “We’ve invested a significant amount of money over the last ten to 15 years on our cellars and the way we dispense cask ales. Every one of our 55 pubs is accredited with Cask Marque and this is a way of taking that work with licensees even further.”

Christophe Dupuy, who took over last month as landlord at The George Hotel in West Bay and also runs The Greyhound in Beaminster, said: “We’re very proud to host the first Academy Of Beer and I think it’s a fantastic way of doing it, in a live environment.”

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WESTERN DAILY PRESS THURSDAY NOVEMBER 21 2013 WEST COUNTRY BUSINESS 3

Swindon wins from Mini investment

BY PETER WOODMAN wdnews@b-nm.co.uk Swindon is to benefit from a share of the £750 million German giant BMW is investing in the new Mini.

The latest reincarnation of the popular car which first took to the road in 1959 shows a Mini that is quieter, longer, wider and taller than its predecessor.

The Mini was shown off at BMW’s plant at Cowley in Oxford where it will be made, earlier this week.

Much of the body pressings and sub-assemblies of the new car are made at BMW’s Swindon plant.

The new Mini will start at £15,300 and will be available in

The new Mini was unveiled this week at BMW’s Oxford site

1913 When the first car was made at the Cowley plant in Oxford the UK in spring 2014. BMW is pouring £750 million into Mini production in the UK – a sum welcomed by Prime Minister David Cameron who described the Mini brand as a “classic British icon”.

BMW, which has been manufacturing the Mini since 2001, dubbed the new version “the new original” and boasted that the new car was “more spacious than before, safer, finished to an even higher standard and provides the driver with a more dynamic and performance-oriented ex-

perience behind the wheel”.

The car, unveiled before guests including Transport Secretary Patrick McLoughlin will start being manufactured this week at Oxford ahead of it going on sale in a few months time.

Harald Krueger, BMW Group’s board member for production, said: “In our Oxford plant’s centenary year, we are continuing the Mini brand success story and today starting production of the third model generation. Our total investment of £750 million in our British production locations of Oxford, Swindon and Hams Hall between 2012 and 2015 underscores the importance of the Mini production triangle within our global production network.

“The UK is the heart of Mini production – thanks to the experience, competence and strong commitment of all our employees.”

Speaking at the unveiling amid razzmatazz and music, Mr McLoughlin said: “Today is proof of the remarkable renaissance of Mini under BMW. The new Mini will set high quality standards. I am proud of the part the UK workforce has played.”

There will be three versions of the new car when it becomes available – the “basic” Mini Cooper, the diesel-engined Mini Cooper D and the Mini Cooper S. The unveiling in front of hundreds of media representatives and guests, including many who had flown from Germany, came on the 107th anniversary of the birth of the original Mini’s designer Sir Alec Issigonis.

More than 5.3 million Minis were produced before BMW started making its own bigger and more-powerful version in 2001.

The first vehicle made at Cowley, a Bullnose Morris Oxford, was produced on March 28, 1913.

Businesses pay price of five month closure Businesses that suffered huge losses of trade when a major road was closed for almost five months can finally hope that things will improve.

A bridge over the A371 in Somerset was completely closed since the beginning of June, until one lane opened on Monday.

It left drivers travelling from Castle Cary to Shepton Mallet facing a minimum tenmile diversion and vehicles taller than 4.5 metres high faced a diversion of more than 30 miles to avoid further bridges along the alternate route.

Businesses naturally suffered more than most during the closure.

Lynn Powell, who owns the Brook House Inn and Touring Park on Station Road to the north of the bridge with husband Wayne, said that the couple had effectively been cut off from Castle Cary during the closure and missed out on passing trade. She also revealed this summer’s takings had taken a bashing during the closure.

She said: “Last year was a very bad year for us because of the weather and this year we were down by 40 per cent on last year – which was considerably down on the year before already. We rely on the summer months to carry us through the winter, but we had hardly anyone on the campsite this summer, and there was no passing trade from traffic going to the Bath and West Showground.

“There are people that have really come out to support us during the closure, they might only have been in for a drink, but they really made the effort and they have helped us get this far. We appreciate all of those that have kept us going.

“On July 8 when the bridge closed I honestly didn’t think we would still be here now.”

Paddy Gregg, route delivery director for Network Rail Western, said: “We are very sorry for the inconvenience caused owing to this essential work. But the community will gain from a much stronger bridge.”

Many components of the new Mini will be made and assembled at BMW’s plant in Swindon before the finished car is assembled at the historic Cowley plant at Oxford. In total BMW is investing £750 million in UK manufacturing for the new model

College improvements open thanks to getting bank finance Massive improvements to one of Somerset’s most important further education colleges were built after Barclays provided £1.5 million of finance.

Norton Radstock College, located in Radstock, officially opened a £3 million campus upgrade last week.

The bank said the new finance package has helped fund the construction of a 26,167 sq ft two-storey building, replacing the 1950s-built North Side Building, with the aim of benefiting more than 1,000 full and 5,000 part-time students undertaking a range of further

and higher education qualifications.

Peter Hodgson, vice principal at Norton Radstock College, said: “ We are seeing a growing number of young people in the area interested in taking courses at the college, so we want to ensure we are able to provide current and future students with the best facilities possible. We are delighted to have secured funding from Barclays, which has been hugely supportive of the college’s developments and has worked closely with us to ensure the new building has met all our needs.”

David Medlock, Vice Lord Lieutenant of Somerset, opens the new facilities at Norton Radstock College

Norton Radstock College was established in 1947 to serve the local community involved with the North East Somerset coalfields.

The state of the art building supports a range of teaching facilities including engineering workshops and a special “green room” to enable the college to develop its Green Skills Academy, a series of courses providing training in renewable technologies and energy efficiency in buildings.

John Squier, Barclays’ relationship director, Bath, added: “Barclays has a leading

presence in the education sector supporting organisations up and down the country.

The funding we have provided Norton Radstock College is just one example of how we work with our clients to structure financial solutions to support their long-term plans. We are committed to working alongside our clients to help them prosper, and nowhere does this have such a positive social impact than in the education sector.”

The new centre was officially opened last Thursday by David Medlock, vice-Lord Lieutenant of Somerset.

Energy market shake up A new player in the UK energy market is to be created after Swindon-based RWE npower agreed a deal to offload 770,000 customer accounts. They form part of npower’s Electricity Plus and Gas Plus subsidiaries, which were sold yesterday for £218 million to Telecom Plus, a supplier of energy and telephony services trading as Utility Warehouse.

The deal is the result of new Ofgem rules limiting the number of tariffs on offer to domestic customers to four. As Utility Warehouse already manages the brands on behalf of npower, the sale will allow the two companies to continue to offer their customers up to four tariffs.

WDP-E01-S3 4 BLACKBROOK BUSINESS PARK FEATURE THURSDAY NOVEMBER 21 2013 WESTERN DAILY PRESS

Somerset’s professional services hub

BY EVA JONES wdnews@b-nm.co.uk The South West’s two largest professional services markets might well be Bristol and Exeter, but almost exactly between the two cities is one of the biggest clusters of expertise in the region.

The Blackbrook Business Park, directly next to the M5 on the outskirts of Taunton is now a fully mature location.

But the full gamut of leading professional services companies that call it home continues to surprise.

Accountants, solicitors, insurance specialists, tax planners, investment firms, chartered surveyors, engineering consultants and many other firms in numerous sectors are based there.

In fact, it is difficult to think of a business advice or professional service that cannot be offered from the business park on the edge of Somerset’s county town.

The high-calibre occupants of the business park would be the first to hail its strategic location as one of the prime reasons to do business there.

Running a business has enough challenges as it is – going into Bristol, Exeter or Bath to see a lawyer, accountant or insurance agent makes little sense.

2 miles Distance of Blackbrook Business Park from centre of Taunton

Not when a cluster of toprank operators are based less than two minutes from the motorway with ample free parking.

No more wasting half-a-day on trains, sitting in commuter traffic or the search for a parking space in a distant city

centre for what might only be a relatively short appointment.

For most businesses, time can be the most valuable commodity of all.

But location is far from the only reason to choose to do business at Blackbrook Business Park.

Additional facilities include a restaurant, hotels, a pub and a variety of retail options at the nearby Riverside Retail Park.

The business community at Blackbrook is extremely active and meets regularly.

Many businesses are clients of more than one company in the park, attracted by the convenience of them being located at the same venue.

And these firms are rated by some of the most respected business guides in the market.

Firms based at the park such as Clarke Willmott and Porter Dodson are regulars in industry bibles such as The Legal 500 and Chambers UK. The Somerset Chamber of Commerce chooses to base itself at the park – adding to its substantial claims for being Somerset’s prime business location.

Whatever the size or sector of your business it is very likely indeed that the professional expertise you need to prosper and meet regulatory requirements is available on the edge of Taunton.

Given that outstanding location and the reputation of the businesses at Blackbrook Business Park, the question really is – why wouldn’t it be the first place you turn for professional services?

More than a dozen respected professional services firms are based at Blackbrook Business Park

Tier

one We are ranked Tier 1 for the following in the South West for Legal 500 2013: Insurance Private Client Private Client Private Client Real Estate Real Estate Real Estate

Personal Injury: Claimant Agriculture & Estates Family Personal Tax, Trusts & Probate Planning: South West Property Litigation Commercial Property

To find out how we could help you plan for the future, please contact stuart.thorne@ clarkewillmott.com or 0845 209 1105.

Legal 500 publish one of the leading directories of the legal profession.

clarkewillmott.com

Great service... Great people...

Clarke Willmott LLP is a limited liability partnership registered in England and Wales with registration number OC344818. Authorised and regulated by the Solicitors Regulation Authority (SRA number: 510689), whose rules can be found at www.sra.org.uk/handbook.

Its registered office and principal place of business is 138 Edmund Street, Birmingham, West Midlands, B3 2ES. Any reference to a ‘partner’ is to a member of Clarke Willmott LLP or an employee who is a lawyer with equivalent standing and qualifications and is not a reference to a partner in a partnership.

WDP-E01-S3 DAILY PRESS THURSDAY NOVEMBER 21 2013 BLACKBROOK BUSINESS PARK FEATURE 5 WESTERN

Prime Minister on how to help West business

25

Junction of M5 that Blackbrook Business Park is based at

CONTINUED FROM PAGE 1

30

he’s got clients as far afield as the USA and Australia.

Second – and just as importantly – Start-Up Loans are helping create jobs. Thomas has been able to expand and take on new staff. This is a pattern we’re seeing across the country. Western Daily Press readers will understand how important this is. We’ve seen encouraging signs recently that the economy here is starting to turn a corner: there are now almost 70,000 more people in work in the South West since the last election. But un-

Acres - how big Blackbrook Business Park is

41

Miles that Blackbrook Business Park is from Bristol

86%

‘Start-Up Loans are helping budding entrepreneurs’

Of firms in Somerset employ less than 10 people

David Cameron

People going about their business at Blackbrook Business Park

employment is still far too high and we need to get more people into work –there’s no better way to do that than to back entrepreneurship.

New businesses are the lifeblood of a healthy, expanding economy: a symbol of aspiration and a source of jobs.

It’s a principle that’s been woven into the Conservative heart for years. That’s why Start-Up Loans matter to me.

6 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 21 2013 WESTERN DAILY PRESS

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Innovation event catches imaginations

BY GAVIN THOMPSON wdbusiness@b-nm.co.uk A company behind innovative ways to make your camera snap has become of the most successful fundraisers on crowdfunding investment site Kickstarter.

Triggertrap has secured £290,386 in pledges – smashing its £50,000 target – for Redsnap, a camera trigger for timelapse photography.

It capped off an amazing week for the Bristol-based firm, which was also named best company at technology and innovation fair VentureFest.

Chief executive of the startup, which is based in the inner-city St Paul’s district of

Mayor George Ferguson shouting at the novel camera BUSINESS ONLINE westerndailypress.co.uk

Business coverage on our website is updated every day.

For the latest visit www.westerndailypress.co.uk Bristol, Haje Jan Kamps, 32, said: “We had a great show, it was really inspiring to speak with so many other local businesses.

“There is so much innovation happening in Bristol, and it’s all too easy to forget that when we’re getting on with our everyday lives. An event like this really brings the innovation bubbling to the surface.”

It used the exhibition to show off a camera triggered by screaming, getting guests including Bristol Mayor George Ferguson to have a go.

Haje added: “We had lots of fun; at first, people were a little hesitant to shout at our camera, but the VentureFest visitors, and fellow exhibitors, soon got into the swing of things.

“To win the best company award in the Innovation Showcase was immensely flattering, as there were so many incredible companies showing off their ideas, services, and products at Venturefest.

“It just goes to show that making a lot of noise – both literally and figuratively – goes a long way!”

The event, at the UWE Exhibition and Conference Centre, was organised by Science City Bristol in partnership with the Technology Strategy Board and other sponsors.

More than 800 people attended as delegates, sponsors or took part in workshops and clinics.

Alastair Watson, director of organisers Science City Bristol said: “This was the best Venturefest Bristol yet. With more great companies in the Innovation Showcase, and more delegates through the door than ever before, there was a real buzz in the exhibition hall all day. There was so much good networking going on, it was difficult to get people into the main stage area for the keynote speakers!

“The people I spoke to during the day were all very enthusiastic about the talent and innovation of businesses and entrepreneurs in the South West.

“From reusable spacecraft to green bike hire and robotics to interactive gaming, Venturefest Bristol had an amazing spectrum of new ideas and inventions on display.

“The showcase companies had the chance to speak to investors, grant funders, professional supporters, coaches and collaborators.”

Big in America, hardly heard of at home...

A Bristol company that specialises in tax and legal advice for American businesses is aiming to double it size in the next three years.

Nair & Co has a low profile in the UK as most of its customers are overseas but is a growing Bristol success story.

Chris Stone, a former chief executive of Fitness First with a background in mainly highgrowth companies, has recently been appointed chief executive officer and has ambitious plans.

“The business is growing pretty strongly at the moment and that means we are recruiting,” he said.

“We have just made some additions to our Bristol office that takes us to more than 80 people and we are hoping that over the next two to three years we will double the size to 150-160.”

If you’ve never heard of Nair & Co, that could be because 98

98%

Of Bristol-based Nair & Co’s incomes are derived in the US

South Gloucestershire Council chairman Councillor Ian Boulton tries out a robot during the Venturefest exhibition in Bristol. Dozens of companies showed off high-tech products and prototypes

per cent of its revenues come from the US. And while he would not be drawn on figures, Mr Stone said the privately owned firm, based in Lewins Mead, was growing at around 15-20 per cent.

The new boss hopes to achieve even faster growth through investing in the sales team – currently just three people in the United States and one in Asia. He believes increasing that will lead to big gains. “The opportunity is vast,” he said. “We estimate we have about a 2 per cent market share with just three salespeople covering the whole of the US. “We think we can find a lot more opportunities by putting money into a bigger sales and marketing team.”

Mr Stone believes the company’s British base works in its favour in the US market, where it advises firms on how to do business in international markets.

Not a bad week’s business – Airbus picks up orders worth $44 billion Dubai is renowned for spending splurges – and airlines certainly splashed out on shiny new Airbus jets.

The firm, which employs about 4,000 people in Bristol, won a total of 160 orders and commitments at the 13th Dubai Airshow, worth US$44 billion.

It said it was particularly pleased with deals for the A380, the so-called superjumbo, and A350 XWB. It should help secure thousands of jobs in the critical aerospace sector.

It said the order intake includes 142 firm orders worth

US$40.4 billion and 18 ‘memorandum of understanding’ worth US$3.6 billion.

By value, Emirates placed the single largest order for 50 additional A380s, worth US$20 billion.

By numbers, Etihad Airways placed the single largest firm order for Airbus at the Dubai airshow, with 87 aircraft (40 A350-900, ten A3501000, 26 A321neo, ten A320neo and one A330-200F) worth US$19 billion at list prices.

The versatile A330-200F has seen ongoing success with five firm orders from Qatar Airways Cargo (plus eight com-

The A380 pictured over Filton. Emirates gave the so-called super-jumbo a huge boost with 50 new orders

mitments) and one firm order with Etihad Airways representing a total of 14 orders and commitments worth US$3billion. Air Algérie also committed for three A330-200 passenger aircraft worth US$648 million, building on their top reliability.

Libyan Wings, based in Tripoli, announced the start of its operations at the airshow, choosing Airbus to build up its initial fleet with a commitment for three A350-900s and four A320neo’s John Leahy, Airbus chief operating officer customers commented: “With its central po-

sition geographically, its strong economic growth and population-centres just a flight away, Middle Eastern carriers stand to reap the benefits of traffic growth. The order intake at the airshow, by value our biggest ever Dubai, is a clear evidence that the Middle East region is investing in the most modern and efficient aircraft to capture this growth,” he added.

Traffic growth has led to average aircraft size “growing” by 25 per cent with airlines selecting larger aircraft such as the A380, as well as the more fuel-efficient A320.

WDP-E01-S3

WESTERN DAILY PRESS THURSDAY NOVEMBER 21 2013 WEST COUNTRY BUSINESS 7

Royal Mail stumbles but delivers bounce YESTERDAY IN THE CITY

Paul Hutchinson, head of legal practice at Hutchinson Legal & Associates, believes getting SMEs to do more business with each other could transform the economy

Profile Paul Hutchinson Name Paul Hutchinson Age 35 Position and company Head of legal practice, Hutchinson Legal & Associates Limited When did you join company I founded the firm in 2004 Sector Legal Services Size of company Small Limited Company Educated Tockington Manor School, QEH (Bristol), Castle School (Thornbury), University of Wales, Aberystwyth 1996 – 2002 (LLB Hons and LLM).

First job Non legal: cook; legal: law costs analyst Influences and inspirations Lord Denning – how to make the law interesting! My grandfather – having fought in the Army during the war he then worked his way up to deputy managing director of a very large local engineering firm. Now that’s multi-talented.

Irritations People who don’t listen and people who promise

but never deliver Hobbies Playing the piano and guitar, playing badminton, military history and amateur meteorology.

What first inspired you to become involved in business? The thought of being able to set up a business and run it the way I want to, following morals and ethical standards that I believe in. Having worked as an employee for many years I wanted to take all the best experiences and incorporate those into my own business.

Best business decision you have ever made? Getting involved with networking events. The old adage of “it’s not what you know, it’s who you know” has been proven to be more than just a saying. Business networking has not only brought in new clients, but has introduced me to and connected me with some incredibly influential people

which has directly resulted in some big consultancy contracts my firm has been offered.

Looking back is there anything you would have done differently in the course of your career? I would have taken more qualifications at a younger age when I was less busy!

Sometimes taking that next course seems like it’s something you should be doing in five years’ time but if your business turns out to be a success then you probably will not have time to take that course.

What part of your job do you enjoy the most? Dealing with clients who have problems they feel that they cannot overcome and providing them with a costeffective, bespoke solution and then seeing how much happier they are.

What is the key challenge facing business in the UK today? It is my belief that the key to the UK coming out of recession is for all SMEs to trade with each other. If businesses could just increase their turnover by a

few hundred pounds per month, the SMEs could trade the UK out of the economic downturn. The Government needs to encourage and support this trading between the SMEs. If you could be Chancellor for a day what business-friendly policies would you launch? The younger generation are our life blood and we need to look after them to ensure our community is sustainable. Therefore I would ensure that local wages are kept at a sensible level to encourage the youngsters to work for local, UK industries. I would also consider a “Euro Month” where British companies who want to participate could accept payment in euros. People would have an incentive to use foreign currency they have lying around and aside from the novelty value, people would be able to spend money that was otherwise literally lying there useless. It would serve as a cash injection into the country as a good alternative to quantitative easing.

What can the West Country do to sell itself better to attract investment? The West Country is a stunningly beautiful area with some of the most friendly people in the UK from varied backgrounds and ethnicities.

The West Country has something for everyone and that should be our tagline.

What is your favourite brand?

Ar mani What one piece of advice would you give to anyone considering setting up their own company?

Don’t try and do everything yourself. No matter how tempting it is to design your own website, organise your own printing, formulate a marketing strategy and do your own recruitment, you cannot possibly do all of these things well. Network and build up a team you trust to assist you leaving you time to concentrate on your clients and growing your business.

Hutchinson Legal, The Quadrant, Aztec West, Almondsbury, BS32 4AQ, 01454 300 600, hutchinsonlegal.co.uk

Appointments Meet those on the move in West business HSBC has made two senior appointments to its West and Wales team with Paul Crocker moving to the role of deputy head of corporate and Rhys Jones becoming head of leverage finance for the region. Mr Crocker has been with HSBC for nearly eight years and previously held the West and Wales head of leverage finance role. Mr Jones has been promoted to the position after working as a director in the West and Wales leverage finance team for two years.

Mark Bennett, HSBC West

and Wales head of corporate, said: “I believe continuity is important in banking, so I’m pleased to see both of these important positions being filled by internal candidates.”

■ Knight Frank in Bristol has promoted Nick Snowden to partner in its recently formed residential valuation, investment and development national division. The move follows a period of sustained recovery in the residential development market and re-emerging mixed-use development market. In addition, Andy

Smith, senior surveyor in the office agency team, has been promoted to associate. Head of

Emma Hall has landed a new role at Clifton Wealth in Bristol office Steve Oades said: “These promotions are well deserved. We are fortunate

enough to have some very talented people within the Bristol office and these promotions are in recognition of this.”

■ Award-winning financial planner Emma Hall is set to apply her skills to the personal investment, income drawdown and inheritance tax sectors at Clifton Wealth. The 29year-old was named “2010 Newly Qualified Financial Adviser of the Year” in the Financial Adviser Life and Pension Awards. In her new role, she is keen to focus on female

investors: “I often find that women are much more comfortable talking to other women about their financial circumstances and I’m very keen to help them.”

■ Simon Gilbert has been appointed land director at Barratt Bristol as the housebuilder plans to expand operations in the South West. Mr Gilbert, who joined the group in 2007, is overseeing land buying and his appointment follows the opening of new headquarters for Barratt Bristol at Aztec West.

Royal Mail’s buoyant stock market run survived a scare after analysts at UBS placed a “sell” rating on the stock.

The stock fell during the day yesterday, with two other brokers giving neutral ratings on the newcomer as the City called for caution after a storming run since Royal Mail shares were first offered at 330p, nearing 600p at their highest.

It was down 2 per cent at one stage but recovered to finish unchanged at 550p, on a day when the wider FTSE 100 Index fell 16.9 points to 6681.1.

With a market valuation of £5.5 billion, Royal Mail looks firmly on course to join the top-flight index when its quarterly reshuffle takes place next month.

The FTSE’s wider performance was hit by continued uncertainty over the timetable for the tapering of the US asset purchase programme continuing to hang over world markets. Elsewhere, stock exchanges in Europe and on Wall Street were flat.

The picture on UK monetary policy appears to be a little clearer after the minutes of the Bank of England’s most recent policy meeting showed unan-

6681.1 The closing price of the FTSE 100 index of leading shares last night

imous support for no change in quantitative easing.

On currency markets, the pound was flat against the greenback at 1.61 US dollars while it climbed one cent against the single currency to 1.20 euros – amid reports of the European Central Bank considering a further interest rate cut.

In a quiet session for corporate news, attention was focused on Lloyds Banking Group as its chief executive Antonio Horta-Osorio qualified for a £2.2 million bonus at the end of trading.

Mr Horta-Osorio met the criteria after the stock remained above 73.6p but he will not be able to sell his bonus shares until 2018 under the company’s incentive scheme.

Shares fell 0.1p to 75p but the price remained high enough to trigger the bonus.

Telecom Plus rang up a 20 per cent rise in the FTSE 250 Index after taking control of a chunk of RWE npower’s energy supply business.

The £218 million deal will see the German-owned firm sell its Electricity Plus and Gas Plus businesses, with 770,000 customer accounts, to Telecom Plus – which bundles together telecoms and energy bills through its Utility Warehouse brand.

The deal lit up the London stock market’s second division yesterday as Telecom Plus shares surged from 298p to 1805p.

8 WEST COUNTRY BUSINESS THURSDAY NOVEMBER 21 2013 WESTERN DAILY PRESS

Shares

WDP-E01-S3

FTSE 100 Index

6710

WEDNESDAY

6695 6680

West stocks highlighted

6665 Close - Down 16.93 at 6681.08

6650

8

10

9

11

12

Major movers

Price

+/-

AEROSPACE & DEFENCE Avon Rubber 584 +3 BAE 4343/8 -65/8 Chemring Group 1913/8 -71/4 Cobham 2641/4 -43/4 Meggitt 4971/2 -9 QinetiQ 1963/4 -13/4 Rolls-Royce 1239 +4 Senior 2831/8 +1/2 Ultra Electronics 1818 +1

Year High

584 468 3211/8 3073/4 5721/2 2111/8 1240 300 1981

Year Low

3291/2 3093/4 1913/8 2021/2 379 179 8591/2 1885/8 1512

AUTOMOBILES & PARTS GKN 3681/8 -27/8 3761/4 2143/8 Torotrak 24 -23/8 351/2 231/2 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

2525/8 +13/4 3337/8 2401/2 22 -1/4 223/4 81/8 6951/4 +21/8 7697/8 620 75 - 803/8 451/8 3275/8 3847/8 2661/8 1 1 1458 /2 -6 /2 18371/2 1395

546 /2 +7 588 /2 472 /2 6041/2 -1 625 386 2005 -231/2 21361/2 1787 3235 +7 3657 2780 1

1

299 -281/2 501 299 2345 -23 2841 2251 253 +11/4 275 2101/4 3094 +4 3094 2201 272 -7 2981/2 140 2347/8 +1/4 2573/4 168 596 -11/2 6321/2 367 1564 +2 1765 1459 224 1801/2 1811/2

CONSTRUCTION & MATERIALS Alumasc 128 137 Balfour Beatty 2631/4 -25/8 2911/2 1 Boot (Henry) 207 +5 /2 207 Boustead 181/2 181/2 Clarke (T) 65 721/4 Costain 3031/2 +81/2 306 CRH 1580 +13 1617 Galliford Try 1074 -13 1157 Gleeson (MJ) 340 -31/4 3543/4 Keller Group 1089 +41 1161 Kier Group 1690 +16 1830 Kingspan Group 10851/8 -11/4 11321/2 Low & Bonar 731/4 -2 80 Marshalls 173 +2 184 1 Morgan Sindall Gp 770 -5 839 /2 North Midland Const 134 -1 149 Pochins 40 +1 40 Titon 45 +1 451/2 ELECTRICITY Drax Gp SSE

1

680 1363

+1/2 7171/2 -26 1676

82 207 /8 1 132 /2 181/2 43 2321/4 1111 6921/2 1583/4 6071/2 1144 6581/2 50 971/2 508 95 23 22 5

531 1363

ELECTRONIC & ELECTRICAL EQ Dialight 940 +30 1399 897 Domino Printing Sci 680 -1/2 717 545 Eurodis Electron 1 1 1 Halma 592 +8 592 4293/4 1 3 1 1 Laird 256 /8 +5 /4 256 /8 171 /8 Morgan Advanced 285 -81/8 318 2401/4 Oxford Instruments 1454 -11 1752 1209 Renishaw 1824 -18 2081 1494 1 7 /8 13/8 /2 Ross Group Spectris 2355 -9 2470 1834 1 1 TT Electronics 188 /4 -2 /4 202 132 84 Volex 1001/2 +41/2 157 Xaar 936 -29 1015 263 XP Power 1600 +30 1605 955 EQUITY INV INSTRUMENTS Aberforth Smaller Cos 995 +5 Alliance Trust 4483/4 -21/4 Bankers IT 583 -41/2 BlackRock Wld Mining 468 -61/4 British Assets Trust 141 -11/2 British Emp Secs&Gen 493 -21/4 Caledonia Investment 1878 -15 City of London IT 3713/4 -5/8 Dexion Absolute 1561/4 Edinburgh Inv Tst 581 -5 Electra Private Equity 2290 -27 Fidelity Euro Value 1520 -15 Foreign&Colonial 3781/4 -11/2 JP Morgan Japan IT 243 -1 JPM Euro IT Gwth 220 Mercantile IT 1471 -13 Merchants Trust 500 -5 Middlefield Canadian 102 -1/4 1 Monks Inv Tst 386 -3 /2 Murray Income Tst 7811/2 -41/2 Murray International Tst 1088 -2 North American Inc 8681/2 -11/2 Perpetual Inc&Grwth 356 RIT Cap Partners 1263 -5 Scottish Inv Tst 5931/2 -31/2 Scottish Mortgage 965 -151/2 SVG Capital 4011/2 +11/2 Temple Bar IT 1229 -2

1014 4641/4 5871/2 6221/2 1433/4 522 1970 3763/4 1561/4 621 2398 1569 383 2473/4 224 1519 515 115 395 820 1245 9151/2 364 1285 606 1023 416 1241

656 372 4431/2 4241/2 1183/4 4581/2 1492 3091/4 1377/8 495 1807 1210 3121/4 1541/2 1621/2 1046 3731/2 991/2 3061/2 665 1011 6671/2 2823/4 1109 4731/4 703 266 974

Price

Templeton Emerging Mkts Witan Inv Tst

+/- Year High

565 -41/2 678 653 -61/2 6601/2

Year Low

514 486

FIXED LINE TELECOMS

BT Group Cable & Wire Comm Colt Group KCOM Talktalk Telecom Telecom Plus

3761/8 -33/4 382 225 475/8 +3/8 483/8 341/4 1283/8 -3/4 1351/2 931/2 1037/8 +7/8 1051/8 681/4 265 -11 2811/2 208 1805 +298 1805 861

FOOD & DRUG RETAILERS

Greggs Morrison (Wm) Sainsbury (J) Tesco Thorntons

4383/4 2661/4 4043/4 3525/8 1141/4

-33/4 -21/4 -67/8 -41/4 -11/2

5231/2 3021/2 4145/8 3873/4 117

3921/8 2485/8 3217/8 3173/8 293/4

FOOD PRODUCERS

Anglo-East Plantations Assoc Brit Foods Carr's Milling Cranswick Dairy Crest Group Devro Glanbia Greencore Gp Kerry Group A Premier Foods REA Hldgs Tate & Lyle Unilever

6671/2 2338 1700 1150 516 3071/8 8553/4 1897/8 3900 133 445 807 2495

+171/2 750 630 -2 2351 1450 +201/2 1760 960 -4 1189 733 -3 539 3577/8 5 + /8 380 2897/8 -141/8 9197/8 631 -5/8 1945/8 90 -57/8 39997/8 31341/8 -31/2 1851/2 593/4 +21/2 4843/4 3591/4 -14 883 7361/2 2885 2319

FORESTRY & PAPER

Mondi

1016

GENERAL FINANCIAL 3i Group 3541/2 Aberdeen Asset Mgt 492 Brewin Dolphin 283 Close Bros Group 1245 F&C Asset Mngmt 927/8 Guinness Peat 301/2 Hargreaves Lansdown 1172 Henderson Group 2183/4 ICAP 3901/4 IG Group 5931/2 Intermediate Capital 4605/8 Investec 4265/8 IP Group 154 London Stock Exchange 1584 Man Group 831/2 Paragon 3251/2 Provident Finl 1584 Rathbone Brothers 1573 Schroders 2483 Schroders NV 1991 Tullett Prebon 310 World Trade Systems 41/2

+5

1122

638

+13/4 +163/4 -15/8 +3 -3/4

3871/2 4921/8 2871/4 1300 1103/8 331/2 1190 2233/8 4221/4 6261/2 5011/2 5131/2 1585/8 1682 1343/8 3545/8 1773 1691 2690 2217 3957/8 41/2

2091/4 3285/8 1763/4 840 90 231/2 6791/2 1153/4 2803/4 4167/8 2871/4 3781/2 1051/8 971 731/4 2401/4 1287 1208 1569 1269 2215/8 41/2

-4 -21/4 +13/8 -6 -67/8 -11/4 +1/8 +12 -3/8 -21/2 +19 +38 +8 -9 7 -5 /8

GENERAL INDUSTRIALS

British Polythene REXAM RPC Smith (DS) Smiths Group

7351/2 +51/2 7371/2 383 4951/4 -81/4 5471/2 4333/4 4873/4 -3 517 378 2941/2 -3/8 3081/4 2023/4 1382 -18 1455 1057

GENERAL RETAILERS

Alexon Ashley (L) Beale Brown (N) Caffyns Carpetright Carphone Whse Darty Debenhams Dignity Dixons Retail Dunelm Group Euro Home Retail Findel Flying Brands Units French Connection Halfords Home Retail Howden Joinery Gp HR Owen Inchcape JD Sports Fashion Kingfisher Lookers Mallett Marks & Spencer Moss Bros Group Mothercare Next Pendragon Signet Jewelers Ted Baker Topps Tiles WH Smith

27/8 251/2 10 5171/2 5021/2 595 2811/2 861/4 97 1342 49 860 21 2431/2 5 3 /8 40 4761/4 3 191 /8 3203/8 156 598 1227 385 127 781/2 4923/4 701/2 4141/4 5440 36 4779 1905 903/4 9831/2

27/8 27/8 -3/4 291/2 24 201/2 91/2 -2 577 3543/8 5371/2 365 -4 700 585 +23/4 2811/2 1881/2 -1 891/2 39 1177/8 783/4 +10 16871/8 10541/2 +5/8 49 253/4 -34 1047 613 21 21 -1/2 2581/4 108 5 3 5 /8 2 /8 -1/2 421/2 231/2 1 +1 /4 4863/8 299 +3/8 2011/8 1067/8 -1/4 332 1645/8 +1 1723/4 61 -9 645 4143/4 -8 1243 670 -3 420 2687/8 -11/2 1311/2 73 -1/2 841/2 611/2 -23/8 5131/2 359 75 531/2 +18 4923/4 271 -30 5540 3603 -1/2 393/4 14 -40 4934 3243 +12 2017 980 95 47 +11/2 992 609

HEALTH CARE EQPMNT & SERV Bioquell 1371/2 -11/2 160 130 Consort Medical 885 -21/2 914 6601/2 Smith & Nephew 8051/2 -2 808 651 Southern Cross Health 61/4 61/4 61/4

Price

Synergy Healthcare UDG Hlthcare

+/- Year High

Year Low

1052 -5 1165 9451/2 314 +11/2 3605/8 233

HOUSEHOLD GOODS Aga Rangemaster 131 -11/4 1353/4 62 Barratt Developments 3251/2 +43/8 3551/4 1863/4 1 Bellway 1409 -16 1534 958 /2 Berkeley Grp Hldgs 2288 -3 2450 1582 Bovis Homes 754 -13 8511/2 5111/2 Gaskell 21/4 21/4 21/4 Headlam Group 4083/4 +3/4 415 3021/2 1 1 McBride 108 /2 - /4 1463/4 101 Persimmon 1163 -22 1305 7571/2 Reckitt Benckiser 4852 -1 4950 3859 Redrow 2681/8 -1/2 2753/8 1541/4 Taylor Wimpey 1071/8 +1/8 1137/8 565/8 Victoria 257 +3 257 1871/2 INDUSTRIAL ENGINEERING Assoc Brit Engineering 150 Bodycote 602 -161/2 Castings 430 +11/2 Fenner 439 -9 Goodwin 3570 -10 Hill & Smith 537 -101/2 IMI 1493 -5 Melrose Ind 2971/2 -61/4 1 Molins 187 /2 MS Intl 1761/2 -21/2 Renold 413/4 +13/4 Rotork 2830 -25 Severfield-Rowen 641/2 -1/2 Spirax-Sarco 2894 +4 Tex Hldgs 751/2 Trifast 835/8 -3/4 Vitec Group 651 -29 Weir Group 2190 -23 INDUSTRIAL METALS First Quantum Minerals 1086

-22

150 115 685 3937/8 4551/2 300 4571/8 3057/8 3820 1600 5471/2 3901/2 1563 1000 3213/4 2123/4 194 1341/2 2611/2 172 46 191/2 3037 2425 1201/2 371/4 3090 22353/4 821/2 521/2 871/4 44 726 559 2474 1774 1399 8721/2

INDUSTRIAL TRANSPORTATION BBA Aviation 3215/8 -7/8 3435/8 1993/4 Braemar Shipping 5421/2 -41/2 559 350 Clarkson 2156 -8 2370 1150 Fisher (J) 1093 +3 1148 7831/2 Irish Continental Units 21441/8 +793/4 2181 14733/8 Ocean Wilsons 10671/2 -5 11571/2 8971/2 Royal Mail 550 587 330 Stobart Gp Ord 1391/4 -3/4 148 741/2 UK Mail Gp 615 +30 645 2903/4 Wincanton 1151/2 -13/4 139 433/4 LEISURE GOODS Games Workshop 7371/2 -221/2 8231/2 601 59 Hornby 85 +1/4 871/2 Photo-Me 1441/2 -1/2 1471/4 501/2 LIFE INSURANCE Aviva Hansard Global Legal & General Old Mutual Prudential Resolution St James Place Standard Life

4303/4 100 210 1991/4 1267 346 622 3421/8

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

620 170 835 54 315 47 971/8 1 840 /2 1130 16 196 1 /8 661/4 11 552 3 301 /8 182 141/4 1793/4 1342 162 883 2478 304 2511/2 1751/2 694 216 225 1329

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

+33/4 -11/4 -1/2 +3/4 +1 -21/4 -51/2 +21/4

-4 /4 +10 -1/2 +31/2 1

+5 -5

+3/4 +3/8 -21/2 -111/8 -23/4 -21/4 +13 -11/2 -36 +11/2 +4 +13/4 +11/4 -1

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

2941/8 913/4 1421/2 1681/2 865 232 3963/4 3061/8

650 1803/4 950 60 324 75 109 1 840 /2 1209 213/8 200 1 /2 671/2 11 5681/2 1 322 /4 1951/8 19 221 1365 1621/2 8881/2 2652 330 2521/4 1751/2 788 227 227 1368

335 102 759 31 216 461/2 751/4 5171/2 7471/2 121/4 157 1 /8 37 21/2 4033/8 193 96 113/4 1423/8 1119 137 618 1436 100 181 791/4 636 1151/2 1391/2 839

41/4 151/2 41/4 14041/2 +41/2 2072 1207 2161/2 -1/2 289 161 807 +2 1381 7841/2 431/2 +11/4 751/4 36 151/4 +3/4 731/4 63/4 1 1936 +8 2236 1666 /2 115 +5 1261/2 95 57/8 -3/8 87/8 27/8 2401/8 -31/8 826 2333/4 20 -1 371/4 20

Price

Lonmin Randgold Res Rio Tinto Vedanta Res

+/- Year High

Year Low

3241/4 -3/4 3801/8 2531/2 4495 -126 6665 3972 3300 +41 3757 2582 951 -20 1335 951

MOBILE TELECOMMUNICATIONS Inmarsat 672 -9 749 574 Vodafone Group 2271/4 -47/8 2343/8 1541/2 NONLIFE INSURANCE Admiral Grp 1246 Amlin 4413/8 Beazley 2401/8 Catlin Group 530 Jardine Lloyd Thom 9971/2 RSA Insurance Gp 1021/4

-19 -31/2 -21/4 +31/2 -21/2 -13/4

1416 4473/4 2423/4 5521/2 1028 1361/4

1085 3733/8 1733/4 4571/2 750 1021/4

OIL & GAS PRODUCERS BG Group 1252 -61/2 1283 10071/2 BP 488 +11/4 4891/4 4241/4 Cairn Energy 2691/4 -3/4 2961/8 2513/4 Dragon Oil 573 662 510 - 121/2 71/8 Fortune 91/4 JKX Oil & Gas 743/4 +1/4 803/8 481/2 Premier Oil 3251/4 -1/4 4001/4 3211/4 Royal Dutch Shell A 2098 +41/2 23091/2 1987 Royal Dutch Shell B 21971/2 +71/2 2365 20771/2 Soco International 3991/2 -1/4 430 3467/8 Tullow Oil 893 +3 1396 8801/2 OIL EQUIPMENT & SERVICES AMEC 1158 -26 1207 9651/2 Hunting 8111/2 -6 941 726 Petrofac 1185 +8 1737 1177 Wood Gp(J) 789 -19 9151/2 7201/2 PERSONAL GOODS Abbeycrest 11/2 11/2 11/2 Burberry Gp 1477 -6 1667 1217 Creighton 5 6 2 181/2 181/2 Lambert Howarth 181/2 3 1 1 1 PZ Cussons 384 /8 -4 /2 432 /2 338 /2 Worthington Group 3 8 3 PHARMA & BIOTECH 1 3 Ark Therapeutics /8 + 31/2 /4 AstraZeneca 33081/2 +1/2 35211/2 2866 3 7 1 BTG 446 +5 /4 454 /8 317 /2 Dechra Pharms 6821/2 -51/2 780 569 Genus 1260 -15 1594 1242 GlaxoSmithKline 16311/2 +31/2 1782 1330 Hikma Pharmaceuticals 1199 -14 1222 736 27/8 13/8 Oxford Biomedica 25/8 Shire 2791 -9 2858 1771 SkyePharma 116 +3 1161/4 431/2 Source Bioscience 123/4 +3/4 123/4 91/8 Vectura 102 -2 117 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

465 15/8 604 43 845 1239 4023 2419 2393/4 2005/8 555 514 3193/4 710 3293/8 950 421/4 185 7075 508 3271/2 332 93 645 1 35 /4 3203/8 6021/2 901/2 3361/4 525 224 224 3995/8

-5 -1 -11 -11 -31 +1/8 -15 -1 +13/4 +15 -41/4 -131/2 -1/2 -7 +8 -2 +11/2 +2 -71/4 -11/2 -33/4 -31/8 -1/2 -4

SOFTWARE & COMP SERV Anite 87 -1 DRS Data & Research 231/4 Electronic Data Proc 701/2 Emblaze 491/2 Fidessa Gp 2054 -36 Gresham Computing 1311/4 +11/4 Innovation Group 32 +1/4 Invensys 497 -21/4 Kofax 368 +4 Microgen 1241/2 -11/2 Parity 311/2 -1/4 RM 108 -73/4 Sage Group 3451/4 -31/2 SDL 259 -3 Triad Group 141/4 SUPPORT SERVICES Acal 332

-2

489 3261/4 15/8 15/8 658 532 451/4 261/4 845 730 1260 6561/2 4200 2803 2574 2039 244 143 2061/8 1111/2 598 4541/8 554 4621/2 3193/4 196 710 575 366 3005/8 999 792 43 211/2 200 1311/2 7075 43621/2 515 3501/4 3421/2 2921/2 3641/2 3121/2 100 513/4 6641/2 4211/2 351/4 351/4 3363/4 2261/2 668 544 901/2 721/2 3611/2 2091/2 600 525 232 1783/4 2337/8 160 4081/2 2603/4 162 231/4 721/2 61 2190 1 140 /2 32 5091/2 388 1551/2 44 124 1 387 /4 553 161/2

763/4 153/4 521/2 44 1400 1 66 /2 221/4 2753/8 2603/4 112 181/2 64 3043/8 252 51/2

355 1573/4

Price

Aggreko 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

1573 645 1326 1333 9141/2 445 1376 979 2943/4 583/4 2880 835 700 2943/8 7701/2 1180 2601/4 901/4 1177/8 2401/2 570 614 3101 93/8 149 13371/2 1803/4 5 39 26 4381/4 758 6 4621/8 7 311 /8 408 371/2 1055 2271/8 1913/4 1021/4 5991/2 318 288 4303/4 1061/4 2101/2 2141/2 64 1815/8 323 1748 1793/4 497 591/2 3229

Year ▲ Risers Low

+/- Year High

-20 -101/2 +29 +3 -151/2 +2 -16 1 -4 /2 -31/4 -3/4 -3 +1/2 +36 -21/2 -8 -15 +1/8 -13/4 -21/8 +1/4 -10 -1 -1

Rise p

Price % rise

+/- chng Year Wk%

Telecom Plus 1805 +298 Diploma 700 +36 Keller Group 1089 2254 1442 Pennon Group +41 Aberdeen Asset Mgt 492 +16 730 3781/4 Severn Trent +30 Dialight 940 Alent 330 United Utilities +10 1326 7401/2 +7 Esure Group 237 1333 9651/2 Telecity 692 +20 AIM 980 Health 576 NMC 380 +10 1 Rathbone +38 500 272 Bros /4 1pm1573

+19.77 +5.42 +3.91 6481/2 +3.54 1830 +3.30 +3.25 675 +3.08 +2.98 +2.70 +2.48 361/2

+21.14 +7.69 1 +2+11.46 /2 7271/2 +20.91 -13+4.50 2090 1 -91/+6.93 2 787 /2 +6.21 +7.70 +9.73 +2.28 457/8

3 4

3 8 7 8

1414 1009 1057 728 3313/4 2443/4 68 343/4 2883 223/4 1046 8231/2 700 4641/4 301 2041/4 830 543 1288 980 3131/2 2071/2 953/8 541/2 1253/4 771/8 2935/8 1855/8 580 397 631 3491/8 3453 2922 93/8 93/8 150 1151/2 14071/2 940 1 + /4 1961/2 1281/2 5 5 393/8 243/4 +1/8 32 211/4 -43/4 4521/4 3063/4 -71/2 8411/2 573 6 6 -143/4 5021/2 3467/8 1 -2 /4 317 248 -43/4 4583/4 249 -1/2 126 333/4 -3 1185 8141/2 -11/4 2383/8 168 +1/4 2141/8 96 -11/8 1123/4 863/8 1 1 5 +3 /2 661 /2 349 /8 -2 336 191 -33/4 2991/4 1951/2 -101/4 6831/2 4185/8 -3/4 1101/4 73 -21/2 2155/8 1075/8 1 1 - /2 215 /2 149 -1 70 331/4 +5/8 188 100 -3/4 370 302 +23 1858 1060 -31/4 2061/2 967/8 -7 510 313 633/4 361/2 -21 3483 27833/4

TECH HARDWARE & EQUIPMENT ARM Hldgs 955 +5 1097 BATM Adv Comms 173/4 -1/8 21 3 3 Bede /4 /4 CML Microsystems 558 -31/2 5611/2 1 1 CSR 501 /2 +3 /2 607 Filtronic 625/8 -11/8 831/4 Imagination Tech 262 -23/8 552 Northamber 36 401/2 Pace 3133/8 +27/8 3233/4 3 3 Plasmon /8 /8 Spirent Comms 102 -33/4 1691/4 3 1 Vislink 47 /4 52 /8 Wolfson Microelectronics 141 2261/4 TOBACCO British Amer Tobacco Imperial Tobacco

3360 -91/2 2430 +1

TRAVEL & LEISURE 888 Holdings 1541/2 Air Partner 516 Bwin.Party Digital 130 Carnival 2238 Compass 898 easyJet 1377 Enterprise Inns 1511/2 FirstGroup 117 Fuller S.T.A. 972 Go-Ahead Gp 1611 Greene King 810 Intercontl Htls 1859 Intl Cons Airl 353 Ladbrokes 172 Marston's 1501/8 Millennium & Copth 5881/2 Mitchells & Butlers 3891/4 National Express 2493/4 Paddy Power 48181/8 Punch Taverns 91/2 Rank Group 140 Restaurant Grp 547 Ryanair Hldgs 4691/2 Sportech 841/2 Stagecoach 3511/4 Thomas Cook 1511/8 TUI Travel 3881/8 Wetherspoon (JD) 6951/2 Whitbread 3372 William Hill 3595/8 UTILITIES Centrica Dee Valley National Grid

Price

3784 2534

7381/2 133/4 3 /4 3731/2 332 333/8 2351/8 271/2 1771/4 3 /8 102 1 25 /4 136 3091 2120

-25/8 186 1053/4 -34 570 275 +1/2 156 1011/4 -1 2628 2030 -3 9101/2 714 +32 1448 6931/2 -21/2 1573/4 783/4 -1/4 2233/4 92 +20 972 726 -17 1738 1221 +4 8971/2 600 -1 2039 1644 -1/2 3841/4 1681/8 -3 2431/8 1673/8 +1/8 1651/2 1183/4 1 + /2 6151/2 463 +17/8 460 296 -43/8 2747/8 1641/2 +315/8 58685/8 46603/4 -1/4 151/2 61/2 -1/2 1771/2 1371/4 +3 581 364 +57/8 6221/2 3887/8 7 - /8 108 65 -41/8 3551/2 2743/8 +35/8 1705/8 23 -1/8 4011/2 2613/4 -21/2 767 4933/4 -26 3467 2346 -13/4 4941/2 3335/8

3373/8 -45/8 4021/4 3201/4 1550 1550 1325 768 -111/2 8471/2 682

3 8

1 8

High

1

Year Fallers ▼ Low

2

3

+/Fall p Price % fall

Price

Centamin 46 African Barrick Gold 181 Kenmare Resources 20 1 Oxeco 598 /2 Talktalk Telecom 265 & Co 1550 Gp Panmure Gordon Dunelm 860 Gold775 Micro Intl 649 FocusPatagonia Chemring GpPaternoster Res 191 ITE Group Penna Consulting 301 Spirent Comms 102 Pennant Intl 5 Ashmore Gp 375 13 /8

21st Century Tech 73/4 +3/8 16 5 600 Group 181/2 +3/4 181/2 103/4 Abbey 8491/2 +7 8421/2 530 Advanced Medical S 1011/2 -31/4 106 54 Alkane Energy 393/4 +3/8 411/4 23 3 1 7 Alliance Pharma 34 /4 38 /2 30 /8 1 1 1 Amerisur Resources 46 /4 +1 /4 58 39 /4 Aminex 17/8 + 53/4 17/8 1 Andrews Sykes 317 /2 342 200 Aortech 1271/2 -11/2 1311/2 411/2 API 781/2 -1 92 543/4 Ashley House 265/8 -1/8 263/4 107/8 ASOS 5790 +18 5944 2366 Aukett Fitzroy Robinson 61/2 +1/2 61/2 21/4 Avanti Capital 123 +20 123 531/2 Avesco Gp 221 -5 235 154 Bailey (CH) 1901/2 204 1521/2 BCB Holdings 141/4 -3/4 213/4 141/4 Berkeley Mineral 21/8 3 21/8 Resources 1 1 Best of the Best 57 /2 61 /2 20 Billington Hldgs 1021/2 1021/2 38 1 Braime (TF & JH) 'A' N/ 555 555 472 /2 Vtg Capital Mngt & Inv 1971/2 200 32 Celtic 651/2 66 381/4 Chamberlin 86 +11/2 1741/2 76 Clean Energy Brazil 17/8 71/2 17/8 3 3 Clear Leisure 1 /8 5 1 /8 Coal of Africa 73/4 -1/8 23 71/8 1 1 1 Colefax 367 /2 +2 /2 367 /2 2221/2 Concurrent Tech 38 541/2 371/2 Connemara Mining 51/8 91/4 43/4 Company CPL Resources 535 535 2621/2 Crimson Tide 15/8 13/4 11/8 Cropper (J) 373 420 1701/2 Daisy Gp 176 +1/4 181 85 Dart Group 213 -5 2691/4 111 Densitron Tech 73/8 +3/8 91/8 51/4 Dewhurst 495 5421/2 440 Dewhurst A 3071/2 -71/2 3721/2 2721/2 1 Dillistone Group 104 /2 -9 1241/2 701/2 Dolphin Capital Investors 401/2 +1/2 411/2 253/4 Ebiquity 1211/2 122 92 Eckoh 277/8 -11/4 291/8 141/4 Eco Animal Health 195 -2 270 194 Egdon Resources 81/8 117/8 77/8 Eleco 20 241/8 7 1 3 Faroe Petroleum 129 /4 - /4 1491/2 1051/2 3 Feedback 1 1 /8 FII Group 63/4 63/4 63/4 Finsbury Food 68 -1/2 773/4 38 Fletcher King 35 361/2 25 Forbidden Technologies 34 361/2 181/2 Futura Medical 56 +21/4 80 503/4 Fyffes 711/4 721/4 38 1 1 Global Energy 97 +1 /2 122 /2 69 1 Gooch & Housego 675 +33 /2 675 415 Grafenia 191/8 31 181/2 Great Eastern Energy 1721/2 2731/2 1721/2 7 Green Compliance 11/8 8 /8 Griffin Mining 313/4 381/2 261/2 3 3 1 1 GW Pharmaceuticals 174 /4 -1 /4 179 /2 39 /2 Hampden Underwriting 1361/2 1361/2 100 Havelock Europa 19 223/8 111/4 Hayward Tyler 641/4 691/2 161/2 Heavitree Brewery 325 3371/2 325 Heavitree Brewery A 1821/2 1921/2 175 Helphire Grp 51/8 -1/4 53/4 11/2 3 Highland Gold Mining 60 -4 /4 116 521/2 Hirco 20 523/8 191/4 Hydro Intl 1061/2 +11/2 126 871/2 I S Solutions 521/2 541/2 371/2 3 1 1 Imaginatik /8 /8 /8 Independent Res 8 +1/8 111/8 47/8 IndigoVision 3461/2 +1 4211/2 2871/2 Interior Services 2601/2 -2 2831/2 1321/2 Iomart 2621/2 -11/2 319 192 James Halstead 289 +5 655 2373/4 Jelf Group 901/4 941/2 661/2 Johnson Service 50 -1/2 531/2 335/8 Latham (J) 3921/2 4041/2 270 1 1 1 Leed Petroleum /8 /4 /8 Lok'n Store 1921/2 2161/2 113 1 3 1 London Capital 36 + /2 51 /4 27 /2 London Security 18871/2 1900 16871/2 1 M&C Saatchi 323 /2 +1/2 3283/4 170 Majestic Wine 590 +311/2 590 397 3 Mercer Resources /4 13/4 Metro Baltic Horizons 121/2 131/2 43/4 Mirada 91/8 141/2 87/8 Miton Group 48 -1/4 481/4 203/4 Mulberry Group 1025 -3 1449 850 Nanoco Group 135 -71/2 199 711/2 3 Nasstar 10 /4 133/8 93/4 Nationwide Accid Repair 661/2 78 481/2 Netcall 41 -1/4 45 28 Next 15 Comms 86 115 711/2 Nichols 1177 +7 1237 825 Nighthawk Energy 103/4 -1/8 12 3 3 5 North River Resources /8 11/8 /8 3 1 Northern Bear 24 /4 25 /2 13 Numis Corp 2621/2 +7 2621/2 117 Optimal Payments 319 +11/4 323 108 Ottoman Fund 33 37 29

3

4

3

3

8

8

Personal Group Petra Diamonds Petrel Resources Pittards Portmeirion Prime Active Cap Prime Focus London Prime People Progility Publishing Technology Pursuit Dynamics Qihang Eqpt Qonnectis RAM Active Media Rangers Intl Real Good Food Redhall Group Redstone Renew Holdings RGI International Rockhopper Exploration RTC Group Sabien Technology Safeland Sagentia Gp Sarossa Capital Scapa Group SciSys Services Power Tech Servoca Sinclair (Wm) Sirius Minerals Slingsby (HC) Software Radio Technology Sopheon SPDI Secure Statpro Sterling Energy Stilo International Strategic Natural Resources Sutton Harbour Swallowfield Synetics Taliesin Property Tasty Tawa Telford Homes Telme Group Ten Alps Terrace Hill Thorpe (FW) Total Produce Trakm8 Hldgs Transense Techs Travelzest Turbo Power Systems TVC Holdings Ultima Networks Univision URU Metals Vernalis Vertu Motors VPhase Walcom Group Walker Greenbank Weather Lottery West African Diamonds WYG Wynnstay Group Wynnstay Props XXI Century Inv Young Brewery A Young Brewery N/Vtg Zincox Resources Zoo Digital

-3 -10 -1 131/4 -11 1 176 /2 -34 1 -29 13 /8 -7 3/8 -11 90 -3 1 80 /2 -13 1

8

3 4

1 2

1

4

1 8

3

4

4423/4 1073/4 137/8 27/8 6971/2 7 31/2 76 83/8 475 247/8 61/2 45 2 411/2 3 71 /4 54 3 /4 160 130 1431/2 151/2 38 261/4 149 13/8 913/8 701/2 51/8 61/2 881/2 7 375 5 34 /8

-6.35 -5.58 -4.99 +1/8 -3.99 -3.80 -3/8 -3.67 -3.63 -3.55 -3.50 +1/2 -3.35

-53/4 -1/2 -1/4

+21/2 -1/4 -271/2 +13/8

-1 +11/4 -4 +4 /2 1

-1 +5/8 +11/2 -11/2 +11/8

90 681/2 93 421/4 3 3 /4 41/2 28 871/2 1 562 /2 1620 1201/2 17 3431/4 1 131 /2 11/8 303/4 130 711/2 34 63/4 13/8 1 /2 553/4 7 /8 5 /8 23/8 1 27 /2 561/2 1 /8 3 162 1 /8 11/8 108 632 300 13/4 1010 680 151/2 91/2

BRITISH FUNDS Consol 21/2% 5821/32 Consol 4% 9425/32 Conv 2.5% 8011/16 1 5819/32 Tres 2 /2% War Ln 31/2% 825/8 Tres 8% 15 1153/8 Tres 21/2% IL 16 3419/32 Tres 83/4% 17 1281/16 Tres 8% 21 13915/16 Tres 5% 25 1207/16 Tres 6% 28 1343/32 Tres 41/4% 32 1125/16

cls

4

-1/2 -3/8

Year Year Wk% chng High Low -7.65 -3.72

141/2 -2.20 83/4 -4.611 225 -2.77 132 /2 27 -5.66 8 5 -6.731 /8 /4 971/2 -0.53 621/2 -8.191 891/2 -1.00 41 /2 455 320 132 103 23 131/2 31/4 17/8 705 505 5 71/2 91/2 25/8 1 76 46 /2 125/8 7 6221/2 1191/2 1 33 /2 9 10 61/4 461/2 25 2 101/2 93 411/2 3 71 /4 36 75 411/2 3 103/8 /4 1641/2 811/2 7 134 /8 105 1751/2 1123/4 17 11 20 433/4 28 51/4 153 87 2 13/8 951/2 611/2 821/2 62 57/8 35/8 3 7 2 /8 1531/2 841/2 291/4 6 5371/2 375 1 7 36 /4 17 /8 150 74 106 5 43 /8 47/8 28

741/2 601/8 731/2 331/4 35/8 41/8

35 213/4 1091/2 721/2 1 562 /2 2841/2 -21/2 16471/2 11221/2 1211/2 501/2 451/2 17 1 + /4 365 1681/2 1 1 -1 /2 139 /2 86 23/4 11/8 -3/4 311/2 101/8 +41/2 136 965/8 711/2 39 34 16 13 63/8 1 53/4 /4 7 1 /8 /8 84 47 3 1 1 - /8 1 /4 /4 1 11/8 /2 31/2 17/8 1 3 - /2 31 19 /8 -1 613/4 37 7 1 /8 /8 3 21/2 +11/2 162 70 1 1 /8 /8 7 1 + 3 /8 /8 1113/8 61 +7 6371/2 4071/2 300 2721/2 33/4 15/8 -5 10821/2 6971/2 7271/2 5671/2 431/4 141/2 153/4 61/4

-1/4 -13/32 -1/4 -3/16 -9/16 -1/32 -1/32 -1/8 -3/16 -1/4 -5/16

661/32 10029/32 9117/32 671/2 927/16 1231/32 3537/8 1373/8 1535/32 1331/8 14925/32 12523/32

561/16 9023/32 76 533/4 7927/32 1153/8 3397/8 1277/8 1385/8 1185/32 13115/32 10911/16

Reports TODAY Interims Johnson Matthey, Mothercare, National Grid, PayPoint, Qinetiq, SABMiller Report Public sector borrowing figures TOMORROW Finals Future Interims Fuller Smith & Tur ner AGM BSkyB AGM