Business Western Daily Press 12 September 2013

8
1 WDP-E01-S3 Business Screwfix nails home growth for Kingfisher BY JOHN COLLINGRIDGE [email protected] Britain’s July heatwave helped DIY chain B&Q recover from the freezing spring as sales of hosepipes and barbe- cues soared along with the temperature. Parent Kingfisher cited a “tale of two quarters”, with sales of outdoor goods at B&Q falling 11 per cent in February to April, but bouncing back 17 per cent between May and early August. But it was all good news for Kingfisher’s Yeovil-based Screwfix business, which saw underlying sales increase by expansion and flattering cur- rency swings. Kingfisher, which also owns Castorama and Brico Depot in France, said consumers re- mained nervous about spend- ing across its major markets. July’s heatwave compared with a wet summer in 2012, and saw sales of barbecues leap 26 per cent and charcoal soar 48 per cent in the second quarter. Watering equipment surged 69 per cent and sales of out- door plant pots rose by a third.But sales of indoor paint dropped 10 per cent in the quarter as households stayed outdoors. B&Q’s DIY sales fell one per cent during the half, compared with a market which advanced two per cent. The company said: “It was a tale of two quarters with the coldest weather for 50 years in March and a July heatwave.” B&Q is “rightsizing” by hiving off surplus space in its stores to companies such as supermarkets. But it is ex- panding Screwfix. It has launched a Screwfix pilot in Germany, with four outlets due to open next summer, and the brand’s website has been rolled out to more than 20 European countries. Kingfisher has more than 650 B&Q and Screwfix stores in the UK and Ireland and plans 47 new ones in its second half, including 42 in the UK – most of them Screwfix. Chief executive Ian Cheshire said: “Underlying consumer confidence remains weak in our major markets, so we continue to focus hard on our self-help initiatives to drive growth, margin and cost efficiencies.” Business Secretary Vince Cable restarted the production of the distinctive black cab six months after the London Taxi Company was rescued from administration by China’s Geely Group. Since the rescue in February more than 60 new jobs have been created in Coventry. Find out how the West’s employment market is faring Defence Secretary Philip Hammond has announced a £250 million contract for a new naval defence missile system, securing jobs in Bristol. Production of the Sea Ceptor, which can travel at 2,000mph and will be fitted to the Royal Navy’s Type 23 frig- ates to intercept and destroy enemy missiles, will sustain 500 jobs in the UK. Half of those jobs will be at manufacturer MBDA’s sites in Filton, Stevenage and Lostock, with a further 250 jobs at companies in the supply chain. Mr Hammond, speaking at the Defence Security Equip- ment International arms fair at London’s ExCel Centre, said £250m missile system deal will secure 500 jobs the Sea Ceptor “will play a vital role in protecting frig- ates”. In the future the missile, which can intercept multiple targets and protect a 15-mile area, will also be fitted to the Type 26 Global Combat Ship. Mr Hammond said: “The production of Sea Ceptor will be a huge boost to the UK’s world-leading missile in- dustry, providing hundreds of jobs. “Having balanced the de- fence budget, we continue to order new equipment for our forces with confidence.” The MoD has extended an agreement made with MBDA in 2010 to manage the UK’s complex weapons portfolio. First Sea Lord, Admiral Sir George Zambellas, said: “This state-of-the-art missile system is part of an exciting renais- sance in our naval equipment programme.” Philip Hammond said the Sea Ceptor provided a ‘huge boost’ 3.6 per cent and total sales soar 14.6 per cent to £313 million, defying a tough market for small tradesmen. Kingfisher is now expand- ing Screwfix, which has come a long way since it started as the Woodscrew Supply Com- pany in 1979 – its first cata- logue featuring just a single page devoted to screws. Volatile weather resulted in a 1.6 per cent dip in King- fisher’s adjusted pre-tax profits to £365 million for the 26 weeks to the start of August, but its sales grew 4.3 per cent to £5.7 billion on continued Daily business e-briefing www.southwestbusiness.co.uk is the home of business news for the region. Visit today and enjoy a free daily e-briefing What Lord Heseltine thinks of Bristol’s economy Page 4 Roll out the biscuit barrel, Duchy marks its 21st Page 3 NEWS ON THE GO print | online | mobile westerndailypress.co.uk GET THE LATEST NEWS & SPORT WHEREVER YOU ARE - 24/7 SEE PAGE 6

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Business Western Daily Press

Transcript of Business Western Daily Press 12 September 2013

Page 1: Business Western Daily Press 12 September 2013

1W

DP-E01-S3BusinessScrewfix nailshome growthf o r KingfisherBY JOHN [email protected]

B r i t a i n’s July heatwavehelped DIY chain B&Q recoverfrom the freezing spring assales of hosepipes and barbe-cues soared along with thet e m p e r at u re.

Parent Kingfisher cited a“tale of two quarters”, withsales of outdoor goods at B&Qfalling 11 per cent in Februaryto April, but bouncing back 17per cent between May andearly August.

But it was all good news forKingfisher’s Yeovil-basedScrewfix business, which sawunderlying sales increase by

expansion and flattering cur-rency swings.

Kingfisher, which also ownsCastorama and Brico Depot inFrance, said consumers re-mained nervous about spend-ing across its major markets.

Ju ly ’s heatwave comparedwith a wet summer in 2012, andsaw sales of barbecues leap 26per cent and charcoal soar 48per cent in the second quarter.Watering equipment surged69 per cent and sales of out-door plant pots rose by athird.But sales of indoor paintdropped 10 per cent in thequarter as households stayedoutdoors. B&Q’s DIY sales fellone per cent during the half,compared with a marketwhich advanced two per cent.

The company said: “It was atale of two quarters with thecoldest weather for 50 years inMarch and a July heatwave.”

B&Q is “rightsizing” byhiving off surplus space in itsstores to companies such assupermarkets. But it is ex-panding Screwfix. It haslaunched a Screwfix pilot inGermany, with four outletsdue to open next summer, andthe brand’s website has beenrolled out to more than 20European countries.

Kingfisher has more than650 B&Q and Screwfix storesin the UK and Ireland andplans 47 new ones in its secondhalf, including 42 in the UK –most of them Screwfix.

Chief executive IanCheshire said: “U n d e rly i n gconsumer confidence remainsweak in our major markets, sowe continue to focus hard onour self-help initiatives todrive growth, margin and costef ficiencies.”

Business Secretary Vince Cable restarted the production of the distinctive black cab six months after the LondonTaxi Company was rescued from administration by China’s Geely Group. Since the rescue in February more than60 new jobs have been created in Coventry. Find out how the West’s employment market is faring

Defence Secretary PhilipHammond has announced a£250 million contract for a newnaval defence missile system,securing jobs in Bristol.

Production of the SeaCeptor, which can travel at2,000mph and will be fitted tothe Royal Navy’s Type 23 frig-ates to intercept and destroyenemy missiles, will sustain500 jobs in the UK.

Half of those jobs will be atmanufacturer MBDA’s sites inFilton, Stevenage andLostock, with a further 250jobs at companies in thesupply chain.

Mr Hammond, speaking atthe Defence Security Equip-ment International arms fairat London’s ExCel Centre, said

£250m missilesystem deal willsecure 500 jobs

the Sea Ceptor “will play avital role in protecting frig-at e s ”.

In the future the missile,which can intercept multipletargets and protect a 15-milearea, will also be fitted to theType 26 Global Combat Ship.

Mr Hammond said: “T heproduction of Sea Ceptor willbe a huge boost to the UK’sworld-leading missile in-dustry, providing hundreds ofj o b s.

“Having balanced the de-fence budget, we continue toorder new equipment for ourforces with confidence.”

The MoD has extended anagreement made with MBDAin 2010 to manage the UK’scomplex weapons portfolio.

First Sea Lord, Admiral SirGeorge Zambellas, said: “T hisstate-of-the-art missile systemis part of an exciting renais-sance in our naval equipmentprog ramme.”

PhilipHammondsaid the SeaCeptorprovided a‘huge boost’

3.6 per cent and total sales soar14.6 per cent to £313 million,defying a tough market forsmall tradesmen.

Kingfisher is now expand-ing Screwfix, which has comea long way since it started asthe Woodscrew Supply Com-pany in 1979 – its first cata-logue featuring just a singlepage devoted to screws.

Volatile weather resulted ina 1.6 per cent dip in King-fisher’s adjusted pre-taxprofits to £365 million for the26 weeks to the start of August,but its sales grew 4.3 per centto £5.7 billion on continued

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2 WEST COUNTRY BUSINESS THURSDAY SEPTEMBER 12 2013 WESTERN DAILY PRESS WDP-E01-S3

Business leaders say theyoppose any plans to use tollsfrom the two Severn bridgesto finance an M4 relief road.Last week, a Welshgovernment adviser saidborrowing for the projectcould be funded from tollincome. The Federation ofSmall Businesses said usingtolls as a “cash cow” for thescheme was unacceptable.But the Welsh governmentcontradicted the adviser’sremarks and said it wouldseek to reduce toll levels ifbridge control was devolved.

Federation hits out atidea to use toll cash

RECOVERY IS WELL UNDER WAY, PAGE 4 >

£1m revamp starts onsecond centre accessWork is under way toimprove a second entrance atThe Galleries, the Bristol citycentre shopping centre. TheMerchant Street entrancewas recently refurbished at acost of £1 million and nowthe main Broadmeadentrance is being improvedfor the same outlay. The lookand feel will be transformed,with improvements to theceilings, lighting, flooringand pillars. The Galleries isowned by InfraRed CapitalPartners and asset managedby Hark Group.

Adam Henson’s Rare Breed fromButcombe Brewery, based inWrington, Somerset, receivedcross-party approval at a recentindustry forum – the first beer-tasting designed for women MPsat the House of Commons. A livelycrowd of over 50 women wereguests of Charlotte Leslie MP,Meg Hillier MP and Jenny WillottMP, who sponsored the event

Butcombe’s Rare Breed gets the vote of women MPs

Luxury tour operatorAbercrombie & Kent has wonthe prestigious Conde NastTraveller Readers’ T ravelAward for Favourite VillaRental Company 2013 as wellas the Food and TravelRe a d e r s ’ Tour Operator ofthe Year Award. Kerry Golds,managing director ofCheltenham-basedAbercrombie & Kent Travel,accepting the Food andTravel award, said it was“testament to our team’scommitment”.

Double triumph forluxury travel operator

Quadrant’s final unitslet to window firmsProperty consultancy AlderKing has let the lastremaining unit at theQuadrant Centre inQuedgeley, Gloucestershireon behalf of the AshtenneIndustrial Fund. Unit 8 hasbeen let to sister companiesWindow Widgets and EclecticSystems. Window Widgets,set up in Gloucestershireover 13 years ago, suppliesproducts for the glass andglazing industries, whileEclectic Systems recentlylaunched a window system.

The Ministry of Defence’sDefence Science andTechnology Laboratory hasjoined forces with industry todevelop the UK’s firstceramic armour developmentcentre of excellence inNewport, South Wales. TheMoD and KennametalManufacturing UK Ltd arejointly funding the £2 millionfacility, which will be thelargest in Europe, helping tosustain 50 local jobs. It willdevelop ceramic armourcomponents for personneland vehicle protection.

Ceramic armour siteis Europe’s biggest

Turkey brand with allthe tag line trimmingsBristol-based agency DirtyDesign has created theidentity for SnoodyDo, a newclothing accessories brand.The word ‘snood’ d e r ive sfrom the neck of skin of aturkey and so the logo hasbeen created using a stencilcut-out profile of a struttingturkey supported with theplayful tag line ‘Do ita ny we a r ’. Martin Brewer,account director, said, “Wesee SnoodyDo being worn byfestival-goers and clubbers,as well as seasoned walkersand campers”.

FALL IN WEST JOBLESS TOTAL, PAGE 6 >

Opportunity to take lease at restaurant with sea views

Specialist property adviser Christie+ Co is offering the leaseholdinterest in the Lido Kitchen inPortishead. Currently a restaurant,cafe and tapas bar overlooking theBristol Channel, it has come to themarket because the owner isconcentrating on new ventures.The lease, with 29 yearsremaining, is on the market for£85,000 with a stepped rent

Owner of trike firm rejects£100,000 offer from DragonBY LISA-JANE [email protected]

A Bath businessman hasturned down a £100,000 invest-ment on national television.

Former University of Bathgraduate and founder of TheMountain Trike, Tim Morgan,appeared on BBC Two’sDra gons’ Den at the weekend.

He was looking for £100,000investment to fund the castingtools his business needs, inreturn for a five per cent sharein the firm.

However, despite DeborahMeaden offering the fullamount, Mr Morgan refusedto give her a 15 per cents h a re.

Mr Morgan was joined inthe Dragon’s Den by Moun-tain trike’s first customer,Richard Brooks, who was ableto demonstrate the all-terrainmanual wheelchair.

Mr Morgan said: “It was avery tough, but exciting, ex-p e r i e n c e.

“I had a good solid pitch andsome great testimonials,which raised some interestingquestions and answersbetween the Dragons andRichard Brooks.

“I knew it was going to beintense, but I am passionateabout my product and know itinside out, and although theyquestioned the company’svaluation, I am very proudthat they applauded theT rike’s purpose and myp re s e n t at i o n . ”

He added: “It was fantasticto receive an offer from aDragon and, if I’m honest,probably better than I expec-ted. And while I know that theinvestment would have in-stantly taken Mountain Triketo the next level, unfortu-nately I just couldn’t budge on

the percentage share in thecompany. It was a fantasticexperience and amazing tohave such positive feedbackabout the product from suchinfluential people.”

Mr Morgan came up withthe design for the trike during

DRAGONS’ DEN REJECT

� Bristol-based entrepreneurRob Law, designer of the award-winning Trunki suitcases,appeared on Dragon’s Den in2006, when Theo Paphitisfamously ripped off the strap onhis prototype case� Dragon Richard Farleigh thenmade an offer of £100,000 for50 per cent of the company –an offer Law rejected� Law carried on and accordingto the most recent figures,Magmatic, which owns thebrand, has sold more than 1.3million Trunki suitcases in 1,564stores in 62 countries� The Trunki has also wonmore than 50 awards� Dragon Duncan Bannatynesaid the Trunki was “the onlyone we missed out on”.

Delight as Tesco scraps plan to build at hotel siteTraders have reacted with joyto the news that Tesco hasdropped plans to build on theSherborne Hotel site.

As the news filteredthrough the Dorset town,many shops put up signs tomark the occasion. Celebrit-ies, including high street guruMary Portas, have also sharedmessages of congratulations.

Robert Gould, leader ofWest Dorset District Council,

said planning was a key factorin the Tesco decision.

“Tesco requested pre-ap-plication advice and were metwith a comprehensive re-s p o n s e, ” he said. “They failedin a number of key policyissues and were made awarethat if they proceeded, theirapplication was almost cer-tain to be recommended forre f u s a l .

“They also met with an ef-

fective campaign from oppon-e n t s. ”

The mood in Sherborne fol-lowing Tesco’s announcementwas described as “jubilant” byone trader.

Jane Wood, owner ofO l ive r ’s Coffee House, said: “Iput a sign up in the windowsand had people coming inasking if it was true. Everyoneis so relieved.”

But Sherborne student

Ryan Williams had a differentview on Tesco’s decision.

He said: “It’s quite a shamethat they’ve pulled out be-cause now the current hotel isjust going to get more andmore run down and continueto lose money. What’s to stop itfrom going out of business andbeing left abandoned?”

But operator, HollybushHotels, said it would now beinvesting in the hotel.

his final year studying engin-eering at the university.

Mountain Trike was thesecond Bath business toappear on Dra gons’ Den in aweek. Kate and Nigel Smith,who run the Makery, hadsought investment for a newrange of craft kits.

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Business owners and residents celebrate the Tesco decision on the site of Sherborne Hotel

Page 3: Business Western Daily Press 12 September 2013

WESTERN DAILY PRESS THURSDAY SEPTEMBER 12 2013 WEST COUNTRY BUSINESS 3WDP-E01-S3

New owners forwell-establishedgarden centresBY MAXINE [email protected]

A flagship Somerset gardencentre, together with one inthe Cotswolds, have beenbought for an undisclosed sumby a rival firm.

The new owners of CheddarGarden Centre and LechladeGarden Centre – The GardenCentre Group – will not com-ment on the future of jobs atthe stores.

The company bought thesites from Park GardenC e n t re s.

The Cheddar centre wasbuilt at a cost of £4 million andopened by the former ownersin 2006, and was described onthe Park Garden Centre’s web-site as “the company’s flag-ship store”.

The deal saw the newow n e r ’s empire swell to 132garden centres – i n cl u d i n gSanders at Brent Knoll, Som-erset.

Richard Truscott lays out a display at CheddarGarden Centre, which has now been bought byThe Garden Centre Group

Kevin Bradshaw, chief ex-ecutive of The Garden CentreGroup, said: “Cheddar andLechlade are excellent gardencentres with established cus-tomer bases.

“We are very pleased to haveacquired them and look for-ward to integrating them intoour group.

“Our garden centres have areputation for having an ex-cellent range of plant and leis-ure products, and we look for-ward to expanding the leisureoffering at Cheddar and Lech-

Clockwise from main picture: The Prince of Wales outside his Highgrove shop in Tetbury, Gloucestershire; oaten biscuits were the original Duchy Originals product, the Prince during a tour of theWalkers Shortbread factory in Elgin, where the biscuits are produced. The biscuit took 18 months to perfect, with ingredients, flavour, shape and consistency all the subject of experimentation

private equity firm TerraFirma last year.

Phil Hodges, director ofseller Park Garden Centres,said: “I have been personallyinvolved with Cheddar andLechlade from the very begin-ning, building the gardencentres from scratch into whatthey are today.

“I would like to thank all thestaff at Cheddar and Lechladewho have contributed to oursuccess over the years.

“These businesses are nowwell placed to build on thatsuccess with the backing ofThe Garden Centre Group andTerra Firma, who have been apleasure to deal with.”

Cheddar Garden Centreopened on March 1, 2006, c ov -ering 350,000sq ft of greenfieldbetween Cheddar and Dray-cott.

Plans for a garden centre onthe site were first approved 17years ago, and it was boughtby Park Garden Centres 12years ago.

But the plans for develop-ment were put on hold whilethe company’s other two sites,at Almondsbury near Bristoland Lechlade, were de-ve l o p e d .

One hundred staff memberswere recruited and the centrewas officially opened twoweeks after trading started byThe Wurzels. Since then thecentre has been generous withschools, groups and charitiesby handing out seeds, plantsand sponsoring or supportingworthy causes.

The Prince of Wales is cel-ebrating 21 years of DuchyOriginals, which started withan oaten biscuit and now in-cludes 230 products.

Prince Charles hosted a re-ception at Clarence House yes-terday to mark the birthday ofthe brand, which has led tomore than £11 million beingcontributed to charitablecauses from company profits.

Although the original oatbiscuit is now sold in morethan 30 countries, it had adifficult start. The formula forthe biscuit took 18 months toperfect, with the ingredients,flavour, shape and consistencyall the subject of experiment-

Prince Charles’biscuit brandmarks its 21st

ation. More than 100 recipeswere tried before one waschosen, and the last job wasfiguring out a way of stampingthe Duchy logo on the biscuit.

Today it is sold in more than30 countries and over 700 mil-lion biscuits have been made.

Important principles werebehind the Prince’s decision tomake a biscuit. He said hewanted to show “it was pos-sible to produce food of thehighest quality by working inharmony with nature in a waythat would benefit environ-mental and human health”.

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lade as well as offering mem-bership of the Gardening Clubto all our new customers.

“These acquisitions furtherstrengthen our position as thelargest plant and garden fo-cused retailer in the UK.”

The acquisition by TheGarden Centre Group is thelatest in a series since it cameunder the ownership of

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Number of months it took to findthe perfect biscuit formula

18

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WESTERN DAILY PRESS THURSDAY SEPTEMBER 12 2013 WEST COUNTRY BUSINESS 5WDP-E01-S34 WEST COUNTRY BUSINESS THURSDAY SEPTEMBER 12 2013 WESTERN DAILY PRESS WDP-E01-S3

Evidence thateconomy hasturned cornerBY GAVIN [email protected]

Bristol’s economy has turnedthe corner and the recovery iswell under way, the city’s busi-nesspeople believe.

Chancellor George Osbornesaid on Monday that Britainwas on the up, and it seems thecity’s business leaders agree,following a succession of pos-itive economic news in recentm o n t h s.

Phil Smith, chief executiveof chamber of commerce net-work Business West, said:“Certainly we are getting feed-back from our membershipthat confidence is on the upand this has been a missingingredient over the past fiveyears. Business West is a keyplayer in helping Bristol com-panies export – a vital com-ponent in the Bristol recovery– and we have seen a five percent growth in the number ofexporters in the region overthe past 12 months. This is thesecond best performance inthe UK.”

when many told us to abandonour plan. And as a result,thanks to the efforts and sac-rifices of the British people,Britain is turning a corner.”

The man who controls Bri-t a i n’s purse strings said theGovernment had to stay thecourse of austerity as “the onlyway to deliver a sustained, last-ing improvement in the livingstandards of the families ofthis country”.

While they were less em-phatic about giving the coali-tion government the credit,Bristol businesspeople saidthey were seeing growth.

Roxburgh Milkins is a Har-bourside-based legal companythat specialises in takeoversand corporate investments.

Partner Ian Grimley said thefirm was back to its pre-re-cession levels in terms ofturnover, but that the businesswas much harder won now.

“We ’re pretty optimistic as abu s i n e s s, ” he said. “In the lastsix months there has beenmore of a rise in confidenceand people are starting to buybusinesses or invest in IT sys-tems – they are starting tospend again. But it’s still goingto continue be a hard slog overthe next couple of years.”

Property has been seen as adriver of the recovery andAndrew Valentine, director ofSmartMove Estate Agents,which has offices in Whit-church, Keynsham and Bris-lington, said demand wasg rowing.

“The market is gettingstronger and stronger and nextyear the Government is goingto start helping second-timebuyers (through the Help toBuy scheme) and that shouldhelp it get even stronger.”

Andy Dean, programme dir-ector of start-up support or-ganisation Outset Bristol,struck a note of balance.

“There does seem to be moreconfidence amongst clientsthat their businesses will suc-ceed but still many are comingas they cannot find paid em-ployed jobs,” he said, addingmore funding was needed forsmall businesses to drive theburgeoning recovery.

Tom McCarthy, chairman ofOdyssey Corporate Financeand the Bristol branch of theInstitute of Directors, said:“The Chancellor’s words areencouraging and, while themajority of businesses in theSouth West are confident,there is caution.”

He cited evidence fromrecent business reports thatconfidence was growing, in-cluding figures from the Westof England Local EnterprisePartnership showing 59 percent of businesses were con-fident about their prospects,but added: “Confidence is onething, investment is another,and we will need more timebefore we see the latter in-c re a s i n g . ”

Mr Smith was speakingbefore the city hosted an eventfor chambers of commercefrom around the country at theBristol Marriott Royal hotel inCollege Green.

Guest speaker was LordHeseltine, who recently led areview for the Governmentinto how to get the economygrowing in the regions. Theformer Deputy Prime Ministerand President of the Board ofTrade declined to comment onthe Chancellor’s speech, but itwas the talking point amonghis audience.

Earlier in the day, the Chan-cellor of the Exchequer hadbeen more effusive as he de-livered his upbeat messageabout the economy from abuilding site in London.

Mr Osborne said: “The eco-nomic collapse was even worsethan we thought. Repairing itwill take even longer than wehoped. But we held our nerve

Fresh start forvenues music toclubbers’ earsThere is fresh excitement onthe West nightclub scene withthe relaunch of venues in Bris-tol and Gloucester.

Fire-breathing and pyro-technics welcomed more than5,000 Bristol clubbers whoturned out at the weekend tosee Pryzm, the new look andname for Oceana.

In Gloucester, new life isbeing breathed into the oncepopular Crackers club in theshape of The Institution. RobSmith, new owner of the BrutonWay venue, is in the final stagesof agreeing the lease. It is ex-pected to be finalised this weekwith a planned opening onNovember 1.

Lord Mayor of Bristol, Coun-cillor Faruk Choudhury, wasamong the guests to officiallylaunch Pryzm, in CanonsRoad. The £1 million invest-ment, by owners The LuminarGroup, has taken eight weeksto complete and created 30 jobsfor young people who havejoined the existing 65-strongteam.

Mr Choudhury said: “Pryzmis a stunning venue and I amconfident it will be a big pullfor residents and visitors to

Bristol. Any successful city hasa thriving late night economy,creating both wealth and jobs,and on behalf of Bristol we aredelighted that companies suchas The Luminar Group arelooking to invest here.”

As well as the fireworks,there were showgirls on stiltsand a giant, illuminated robot.

Pryzm Bristol’s generalmanager, Ken Getgood, said:“Customer feedback wasreally positive, especially onour new luxury booths withtable service, and guests lovedthe dance vibe.”

The club has lined up anumber of celebrity appear-ances aimed at its targetm a rke t .

Crackers closed its doors in2009, after 23 years of hostingeverything from heavy metalgigs to stripper nights.

Mr Smith said: “I’m so ex-cited about this, I can’t wait toget started.

“We want to offer live musicand club nights with a varietyof music styles and genresfrom metal to northern soul.

“I love all kinds of music andI want this to be Gloucester’sversion of Rock City in Not-tingham.”

Renovation work is nowunder way to transform thevenue, and slightly increasethe current capacity of 240.

James Camp, who plays key-boards in Gloucestershireband Novella Noise, said:“Gloucester is in dire need ofmore live music venues, so thisis great news.”

The opening night onNovember 1 will feature DJsNutzie, Haggis, and Trashed.

Pryzm’s glittering Myu Bar, clubbers Nicole Slade, Emma Champagnie,Danielle Sealy and Emma Bates, and Peter Marks, chief executive of TheLuminar Group, with Lord Mayor of Bristol, Councillor Faruk Choudhury;bookings manager Ryan Smart and Rob Smith inside The Institution

It was the car park thatclinched the deal to land SkyOne sitcom T ro l l i e d . When thegamble was made to convertthe former ConstellationWines bottling plant in Bristolinto a film studios, it was un-likely anyone thought the pres-ence of car park outside wouldbe a crunch factor in winning abig piece of business.

But Bottle Yard site managerFiona Francombe says you justnever know what might be adeal-maker or breaker.

“What they liked was thatyou could look out through thewindows and see the car parko u t s i d e, ” says Fiona.

“It didn’t matter that thecars changed and move be-cause supermarket car parkshave such a high turnover.

“T hat’s what made themcome here and not go toLondon.”

Production company Rough-

cut signed to make three seriesat the site in Hengrove andturned one of the big old tankhouses into a full-size super-m a rke t .

“There are some differ-e n c e s, ” says Fiona. “The aislesare wider to allow the camerasto track better, but the check-outs all work.”

Currently the aisles arehome to a big trolley full ofWalkers Crisps, left over fromthe filming of an advert star-ring Gary Lineker last week.

In another of the tank houses– once used to store giant tanksof sherry bottled and then dis-tributed from the site – is aBailey’s caravan, in situ to filmpromotional material for theBristol firm.

They are signs that the de-cision to become just the thirdcouncil in England to own afilm studio (Manchester andEaling being the others) was

use the space for a new BBCstudio. When that failed andthe skyline of Holby meldedfrom Bristol into Cardiff, afeasibility study was launchedinto whether it could be a suc-cess as a commercial film andTV studio.

The idea was to bring in newinvestment to replace some ofwhat losing Casualty had costthe economy.

And it seems to be working.The council, with no exper-ience of the industry, broughtin Fiona as a consultant to runthe site, and officials such ascouncil project manager AndyTyas have learned the ropesq u i ck ly.

Most of the studio’s businesscomes from TV.

“A typical six-episode tele-vision drama will turnover£4 million in six months,”Fiona says.

She compares the BottleYard to a hotel. “We give vis-iting productions a place towork with no difficult leases –they can just pitch up andstart. It’s similar to a hotel, buton a bigger scale and with in-dustrial buildings.”

And unlike many hotels,t h e re ’s somewhere to parkyour car.

not so crazy as it may havesounded at the time.

Fiona says: “Since the BottleYard opened the total inwardinvestment that has come intoBristol because of the BottleYard – ie. programmes thatwould not have come herewithout it – is £16.7 million.

“The cost has been around£750,000 over the three years.”

The sprawling site is begin-ning to attract small satellitebu s i n e s s e s.

TR TV Film and Media, ascaffolding firm, sits next toMartin Peters Grip Servicesand nearby is SetSmith, a firmof set builders – all hoping tomake a living from being onhand for the productions thatcome and go from the site.

The land was first bought bythe city council with housingor development in mind, but itwas speculation that the BBCwas going to move Casualtyout of the city, combined withthe realisation that the verylarge industrial buildingswould be less than straight-forward to demolish, thatchanged things.

Desperate to keep a showthat was reported to be worth£24 million to the city’s eco-nomy, the council offered to

Investment attractedby the bright lights ofcity’s mini-Hollywood

Members of the Institute ofDirectors tour the Bottle Yard filmstudios in Bristol, main picture,where the resident experts ensurethere are no unwanted horrors forvisiting productions

PICTURES: DAN BERLIN

The first project filmed at the BottleYard was Five Daughters, a dramamini series about the 2006 Ipswichmurders. Mariah Mundi, starringMichael Sheen and Sam Neill, wasthe first feature film shot there. It isdue for release this year

Daily business e-briefing

Visit www.southwestbusiness.co.uk to receive your FREE daily e-briefing

www.southwestbusiness.co.uk isthe home of business news forthe region. Visit today and enjoya free daily e-briefing

SETTING THE SCENE

Members of Bristol’s businesscommunity had the chance toget a taste of the movie businessduring an unusual networkingevent. The Institute of Directorsinvited members to tour theBottle Yard film studios inHengrove. As well as touring theset of Sky One sitcom Trolliedand getting a sneak peak at thenew Deal Or No Deal set underconstruction, the visitors wereable to try filming a scene orwatch a make-up demonstration.Rebecca Tregarthen, organiser ofthe event, said: ‘It was only asrecently as 1998 when thecreative services industry wasfirst recognised by Governmentas an economic driver. Today itgenerates around £8 billion forthe economy and growing. TheSouth West is where we areexperiencing some of the fastestexpansion and the Bottle Yard isone of the best examples of ourhow we are capitalising on thatopportunity for growth. Many ofour IoD members are involved inthe creative industries in someway.’

Stephen Robertson, chairman ofBusiness West, with Phil Smith,chief executive of Business West,and Lord Heseltine at the chambersof commerce dinner

‘Confidence is on theup and this has beena missing ingredient’

Phil Smith

Page 5: Business Western Daily Press 12 September 2013

WESTERN DAILY PRESS THURSDAY SEPTEMBER 12 2013 WEST COUNTRY BUSINESS 5WDP-E01-S34 WEST COUNTRY BUSINESS THURSDAY SEPTEMBER 12 2013 WESTERN DAILY PRESS WDP-E01-S3

Evidence thateconomy hasturned cornerBY GAVIN [email protected]

Bristol’s economy has turnedthe corner and the recovery iswell under way, the city’s busi-nesspeople believe.

Chancellor George Osbornesaid on Monday that Britainwas on the up, and it seems thecity’s business leaders agree,following a succession of pos-itive economic news in recentm o n t h s.

Phil Smith, chief executiveof chamber of commerce net-work Business West, said:“Certainly we are getting feed-back from our membershipthat confidence is on the upand this has been a missingingredient over the past fiveyears. Business West is a keyplayer in helping Bristol com-panies export – a vital com-ponent in the Bristol recovery– and we have seen a five percent growth in the number ofexporters in the region overthe past 12 months. This is thesecond best performance inthe UK.”

when many told us to abandonour plan. And as a result,thanks to the efforts and sac-rifices of the British people,Britain is turning a corner.”

The man who controls Bri-t a i n’s purse strings said theGovernment had to stay thecourse of austerity as “the onlyway to deliver a sustained, last-ing improvement in the livingstandards of the families ofthis country”.

While they were less em-phatic about giving the coali-tion government the credit,Bristol businesspeople saidthey were seeing growth.

Roxburgh Milkins is a Har-bourside-based legal companythat specialises in takeoversand corporate investments.

Partner Ian Grimley said thefirm was back to its pre-re-cession levels in terms ofturnover, but that the businesswas much harder won now.

“We ’re pretty optimistic as abu s i n e s s, ” he said. “In the lastsix months there has beenmore of a rise in confidenceand people are starting to buybusinesses or invest in IT sys-tems – they are starting tospend again. But it’s still goingto continue be a hard slog overthe next couple of years.”

Property has been seen as adriver of the recovery andAndrew Valentine, director ofSmartMove Estate Agents,which has offices in Whit-church, Keynsham and Bris-lington, said demand wasg rowing.

“The market is gettingstronger and stronger and nextyear the Government is goingto start helping second-timebuyers (through the Help toBuy scheme) and that shouldhelp it get even stronger.”

Andy Dean, programme dir-ector of start-up support or-ganisation Outset Bristol,struck a note of balance.

“There does seem to be moreconfidence amongst clientsthat their businesses will suc-ceed but still many are comingas they cannot find paid em-ployed jobs,” he said, addingmore funding was needed forsmall businesses to drive theburgeoning recovery.

Tom McCarthy, chairman ofOdyssey Corporate Financeand the Bristol branch of theInstitute of Directors, said:“The Chancellor’s words areencouraging and, while themajority of businesses in theSouth West are confident,there is caution.”

He cited evidence fromrecent business reports thatconfidence was growing, in-cluding figures from the Westof England Local EnterprisePartnership showing 59 percent of businesses were con-fident about their prospects,but added: “Confidence is onething, investment is another,and we will need more timebefore we see the latter in-c re a s i n g . ”

Mr Smith was speakingbefore the city hosted an eventfor chambers of commercefrom around the country at theBristol Marriott Royal hotel inCollege Green.

Guest speaker was LordHeseltine, who recently led areview for the Governmentinto how to get the economygrowing in the regions. Theformer Deputy Prime Ministerand President of the Board ofTrade declined to comment onthe Chancellor’s speech, but itwas the talking point amonghis audience.

Earlier in the day, the Chan-cellor of the Exchequer hadbeen more effusive as he de-livered his upbeat messageabout the economy from abuilding site in London.

Mr Osborne said: “The eco-nomic collapse was even worsethan we thought. Repairing itwill take even longer than wehoped. But we held our nerve

Fresh start forvenues music toclubbers’ earsThere is fresh excitement onthe West nightclub scene withthe relaunch of venues in Bris-tol and Gloucester.

Fire-breathing and pyro-technics welcomed more than5,000 Bristol clubbers whoturned out at the weekend tosee Pryzm, the new look andname for Oceana.

In Gloucester, new life isbeing breathed into the oncepopular Crackers club in theshape of The Institution. RobSmith, new owner of the BrutonWay venue, is in the final stagesof agreeing the lease. It is ex-pected to be finalised this weekwith a planned opening onNovember 1.

Lord Mayor of Bristol, Coun-cillor Faruk Choudhury, wasamong the guests to officiallylaunch Pryzm, in CanonsRoad. The £1 million invest-ment, by owners The LuminarGroup, has taken eight weeksto complete and created 30 jobsfor young people who havejoined the existing 65-strongteam.

Mr Choudhury said: “Pryzmis a stunning venue and I amconfident it will be a big pullfor residents and visitors to

Bristol. Any successful city hasa thriving late night economy,creating both wealth and jobs,and on behalf of Bristol we aredelighted that companies suchas The Luminar Group arelooking to invest here.”

As well as the fireworks,there were showgirls on stiltsand a giant, illuminated robot.

Pryzm Bristol’s generalmanager, Ken Getgood, said:“Customer feedback wasreally positive, especially onour new luxury booths withtable service, and guests lovedthe dance vibe.”

The club has lined up anumber of celebrity appear-ances aimed at its targetm a rke t .

Crackers closed its doors in2009, after 23 years of hostingeverything from heavy metalgigs to stripper nights.

Mr Smith said: “I’m so ex-cited about this, I can’t wait toget started.

“We want to offer live musicand club nights with a varietyof music styles and genresfrom metal to northern soul.

“I love all kinds of music andI want this to be Gloucester’sversion of Rock City in Not-tingham.”

Renovation work is nowunder way to transform thevenue, and slightly increasethe current capacity of 240.

James Camp, who plays key-boards in Gloucestershireband Novella Noise, said:“Gloucester is in dire need ofmore live music venues, so thisis great news.”

The opening night onNovember 1 will feature DJsNutzie, Haggis, and Trashed.

Pryzm’s glittering Myu Bar, clubbers Nicole Slade, Emma Champagnie,Danielle Sealy and Emma Bates, and Peter Marks, chief executive of TheLuminar Group, with Lord Mayor of Bristol, Councillor Faruk Choudhury;bookings manager Ryan Smart and Rob Smith inside The Institution

It was the car park thatclinched the deal to land SkyOne sitcom T ro l l i e d . When thegamble was made to convertthe former ConstellationWines bottling plant in Bristolinto a film studios, it was un-likely anyone thought the pres-ence of car park outside wouldbe a crunch factor in winning abig piece of business.

But Bottle Yard site managerFiona Francombe says you justnever know what might be adeal-maker or breaker.

“What they liked was thatyou could look out through thewindows and see the car parko u t s i d e, ” says Fiona.

“It didn’t matter that thecars changed and move be-cause supermarket car parkshave such a high turnover.

“T hat’s what made themcome here and not go toLondon.”

Production company Rough-

cut signed to make three seriesat the site in Hengrove andturned one of the big old tankhouses into a full-size super-m a rke t .

“There are some differ-e n c e s, ” says Fiona. “The aislesare wider to allow the camerasto track better, but the check-outs all work.”

Currently the aisles arehome to a big trolley full ofWalkers Crisps, left over fromthe filming of an advert star-ring Gary Lineker last week.

In another of the tank houses– once used to store giant tanksof sherry bottled and then dis-tributed from the site – is aBailey’s caravan, in situ to filmpromotional material for theBristol firm.

They are signs that the de-cision to become just the thirdcouncil in England to own afilm studio (Manchester andEaling being the others) was

use the space for a new BBCstudio. When that failed andthe skyline of Holby meldedfrom Bristol into Cardiff, afeasibility study was launchedinto whether it could be a suc-cess as a commercial film andTV studio.

The idea was to bring in newinvestment to replace some ofwhat losing Casualty had costthe economy.

And it seems to be working.The council, with no exper-ience of the industry, broughtin Fiona as a consultant to runthe site, and officials such ascouncil project manager AndyTyas have learned the ropesq u i ck ly.

Most of the studio’s businesscomes from TV.

“A typical six-episode tele-vision drama will turnover£4 million in six months,”Fiona says.

She compares the BottleYard to a hotel. “We give vis-iting productions a place towork with no difficult leases –they can just pitch up andstart. It’s similar to a hotel, buton a bigger scale and with in-dustrial buildings.”

And unlike many hotels,t h e re ’s somewhere to parkyour car.

not so crazy as it may havesounded at the time.

Fiona says: “Since the BottleYard opened the total inwardinvestment that has come intoBristol because of the BottleYard – ie. programmes thatwould not have come herewithout it – is £16.7 million.

“The cost has been around£750,000 over the three years.”

The sprawling site is begin-ning to attract small satellitebu s i n e s s e s.

TR TV Film and Media, ascaffolding firm, sits next toMartin Peters Grip Servicesand nearby is SetSmith, a firmof set builders – all hoping tomake a living from being onhand for the productions thatcome and go from the site.

The land was first bought bythe city council with housingor development in mind, but itwas speculation that the BBCwas going to move Casualtyout of the city, combined withthe realisation that the verylarge industrial buildingswould be less than straight-forward to demolish, thatchanged things.

Desperate to keep a showthat was reported to be worth£24 million to the city’s eco-nomy, the council offered to

Investment attractedby the bright lights ofcity’s mini-Hollywood

Members of the Institute ofDirectors tour the Bottle Yard filmstudios in Bristol, main picture,where the resident experts ensurethere are no unwanted horrors forvisiting productions

PICTURES: DAN BERLIN

The first project filmed at the BottleYard was Five Daughters, a dramamini series about the 2006 Ipswichmurders. Mariah Mundi, starringMichael Sheen and Sam Neill, wasthe first feature film shot there. It isdue for release this year

Daily business e-briefing

Visit www.southwestbusiness.co.uk to receive your FREE daily e-briefing

www.southwestbusiness.co.uk isthe home of business news forthe region. Visit today and enjoya free daily e-briefing

SETTING THE SCENE

Members of Bristol’s businesscommunity had the chance toget a taste of the movie businessduring an unusual networkingevent. The Institute of Directorsinvited members to tour theBottle Yard film studios inHengrove. As well as touring theset of Sky One sitcom Trolliedand getting a sneak peak at thenew Deal Or No Deal set underconstruction, the visitors wereable to try filming a scene orwatch a make-up demonstration.Rebecca Tregarthen, organiser ofthe event, said: ‘It was only asrecently as 1998 when thecreative services industry wasfirst recognised by Governmentas an economic driver. Today itgenerates around £8 billion forthe economy and growing. TheSouth West is where we areexperiencing some of the fastestexpansion and the Bottle Yard isone of the best examples of ourhow we are capitalising on thatopportunity for growth. Many ofour IoD members are involved inthe creative industries in someway.’

Stephen Robertson, chairman ofBusiness West, with Phil Smith,chief executive of Business West,and Lord Heseltine at the chambersof commerce dinner

‘Confidence is on theup and this has beena missing ingredient’

Phil Smith

Page 6: Business Western Daily Press 12 September 2013

6 WEST COUNTRY BUSINESS THURSDAY SEPTEMBER 12 2013 WESTERN DAILY PRESS WDP-E01-S3

West sees fallof 1,000 injobless totalBY JEFF [email protected]

Unemployment in the SouthWest has fallen by 1,000 in thethree months to July.

The number of people out ofwork in the region betweenMay and July was 167,000,which is a 6.2 per cent un-employment rate, according tofigures from the Office for Na-tional Statistics (ONS).

On a national scale, unem-ployment fell by 24,000 tonudge the jobless rate lower,but the number of part-timeworkers surged to a recordhigh. ONS data showed un-employment fell to 2.49 mil-lion, driving the unemploy-ment rate to 7.7 per cent from7.8 per cent.

July versus a year earlier. Thatcontinues to lag inflation,which is running at 2.8 percent.

The number of people work-ing part-time because theycannot find a full-time job hassurged to 1.45 million – thehighest since records began in1992.

Martin Beck, of consultancyCapital Economics, said theeconomic recovery wasmaking its presence felt in thejobs market, although hedoubts it will significantly in-crease the chances of interestrates rising sooner ratherthan later.

He added: “Evidence fromthe recent activity surveyssuggests that firms are re-sponding to higher demandmore by boosting productivitythan taking on new workers.”

Regional figures highlight anorth-south divide in the jobsmarket, with areas such as theNorth East and North Westcontinuing to see higher levelsof unemployment – up 5,000and 13,000 respectively com-pared with the previousquar ter.

In contrast, there were de-clines of 29,000 in the SouthEast and 7,000 in London. Un-employment also fell in theEast Midlands, Wales andNorthern Ireland, as well asthe South West.

The ONS said the number ofpeople in work increased by80,000 in the quarter to July,rising to 29.84 million, hittinganother record high as thepopulation continues to swell.

Minister for Employment,Mark Hoban, said: “This is areally encouraging set of fig-ures, with the number ofpeople in work rocketing by80,000 in only three months – arise driven entirely by agrowth in full-time jobs.”

For Labour, shadow workand pensions secretary LiamByrne said that while the fallin the headline unemploy-ment was welcome, underly-ing problems remained.

Residents who created a community collective to save their threatened village pub are facing their toughestdecision since its rescue: which colour to paint the 150-year-old local. Fifty seven backers formed the co-operativewhich purchased the Cadeleigh Arms in Cadeleigh, Devon, last autumn. So far, a management board has votedon crucial decisions such as appointing a new tenant publican with relative unanimity but settling which colour tore-paint the pub has divided opinions. The options were narrowed down to two choices; a battleship grey colourand a lighter cream finish. Each of the pub’s bay windows have been painted a different colour and locals invitedto express a view on what looks best, the cream panes on the right or the grey panes on the left

Story of frustration for bookshop owner trying to sell propertyThe owner of a prominentproperty in Somerset, whichhas stood vacant since Easter,has admitted its continuedemptiness is “d i s ap p o i n t i n gbut not unexpected”.

Anne Hine, along with herhusband James, ran GreshamBooks in Crewkerne for 18years before turning the finalpage and closing the businessin March.

Now, as the prime highstreet fixture nears sixmonths without a resident,Mrs Hine admits that it is anunfortunate sign of the times.

She said: “It’s a wonderfulplace. Anybody that’s spoken

to us about it has said what aprime position it is and ob-viously working there is greatbecause you have great viewsof Crewkerne and you see allthe action going on, so it’s aninteresting place to be.

“The fact that it hasn’t founda buyer yet is disappointing,but not unexpected. What withthe way things are going thesedays I don’t think people wanthigh street shops, so it’s notunexpected at all.

“The shame about that prop-erty is that there is a reallynice three-bedroom flat whichwould make a great place tolive as well.

“It was sad to have to saygoodbye to it, but unfortu-nately all the costs escalatedand we were a small business,so it became a bit hard tocontinue – high streets are suf-fering at the moment and it’sdifficult to make money.

“Books were our life. Myhusband is semi-retired butstill doing book fairs and mailorders. Gresham Books is stillgoing but on a smaller scale.

“I don’t really have a pref-erence for what goes in thebuilding – I think it’s trickybecause how can you saywhich business is going to begood for the town?”

Robert Clark, associate atGreenslade Taylor Hunt estateagents, said: “Interest hasbeen expressed by a number ofpeople and viewings havetaken place. Dialogue is on-going with these parties.However, the property is stillava i l abl e. ”

Jonathan Edgington, chair-man of the Crewkerne AreaBusiness Chamber, said: “It isprobably the most visiblepremises in Crewkerne andthe company that takes it on isgoing to have quite an impactand a footprint in the town. Itwould be an absolutely crack-ing location for a company.”

James and Anne Hine in GreshamBooks, Crewkerne

A Somerset printing firmwhich faced being evictedfrom the site it has sat on formore than 30 years has beengiven a stay of execution.

In an 11th hour deal, Ber-forts, Butler, Tanner andDennis was granted a 12-month extension to its leaseafter outline planning permis-sion was granted to landlordsLondon and County for itsmixed housing and industrialscheme in Frome.

Plans to transform the siteof one of the oldest businessesin Frome were unveiled inNovember 2012 and planningofficer, Laura McKay, had re-commended approval, with alist of conditions and advicesfor the access of the site, whichwas all the Mendip planningboard was asked to decide.

A full application would besubmitted at a later date.

Simon Blair, of London andCounty, and David Bliss, saidto be Felix Dennis’ right hand

11th-hour dealmeans printerscan stay on site

man, addressed district coun-cil planners on Wednesdayeve n i n g .

Mr Bliss told the meetingthat the firm, which employsaround 120 people, fully sup-ported the application andthat the printing firm wasworking closely with its land-lord to come to a resolution onthe continued use of the site.

Mr Blair said his companyhad taken part in positive dis-cussions with its tenant andhad granted a 12-month ex-tension to it in order for themto work together to come to asolution.

Town councillor GrahamBurgess told the meeting thatit had previously recommen-ded refusal for the scheme butsince it had been given apresentation by the landlordsit was satisfied that its con-cerns had been met.

Councillors unanimouslyapproved the scheme.

Jobs go as cafeshuts its doorsAbout 20 jobs have been lostwith the closure of a Somersetconference centre, meetingrooms and cafe.

Pro Serve Corporate, whichran the facilities at The Ex-change, on Bridgwater’s Ex-press Park, went into admin-istration last month.

Taylor Shaw agreed to takeon the catering arm of ProS e r ve ’s business – wh i chshould safeguard the jobs of260 caterers based mainly inschools in the South West – bu tno deal could be reached forthe conference centre andcafe, which closed on Tues-d ay.

The gym at The Exchangewill stay open after Evolve ProHealth stepped in to run it.

Minister forEmploymentMarkHoban isencouragedby thefigures

Number of homes planned on thesite, 45 of which will be affordable

150

The rate has taken on newsignificance because it is tiedto the Bank of England gov-ernor Mark Carney’s new for-ward guidance policy.

The bank has said it will notconsider raising rates fromtheir record low until the un-employment rate falls to sevenper cent – which it forecastswill take around three years,barring a spike in inflation.

The so-called claimantcount – the number claimingj o b s e e ke r ’s allowance – fell inAugust by 32,600 from July to1.4 million. July’s claimantcount was also revised lower,and the combined 68,900 fall inclaimants in July and Augustwas the biggest two-monthdrop since June 1997.

But the continued squeezeon household incomes washighlighted by a 1.1 per centincrease in average weeklyearnings between May and

Page 7: Business Western Daily Press 12 September 2013

WESTERN DAILY PRESS THURSDAY SEPTEMBER 12 2013 WEST COUNTRY BUSINESS 7WDP-E01-S3

A Somerset veg box schemeand market garden has gainedtemporary planning permis-sion for three years at appealfor an agricultural home inorder to develop its business.

Husband and wife teamChris Smaje and CordeliaRowlatt, owners of Vallis Vegin Frome, said: “We are de-lighted that our appeal hasbeen allowed. It provides anew lease of life for our busi-ness and enables us to get onwith what we really want todo, which is growing food sus-tainably for people in Fromeand creating ways along withour partner organisations forpeople to visit our site forlearning and enjoyment.

“Although we’ve continuedtrading throughout the plan-ning process and are stillselling veg boxes, our busi-ness has really been on holduntil we got this result be-

Veg businesscan grow afterappeal is won

cause we realised that it hadno future without us beingable to live on site. We can nowexpand our operations andare aiming to re-establish thebusiness during 2014.”

The couple describe marketgardening as very labour in-tensive, and added: “We real-ise that not everyone will wel-come residential developmentin the countryside, but ourdwelling will have minimalvisual, wildlife and traffic im-pacts – in fact, the impactsmay even be positive.

“And the fact that we’ve gotpermission doesn’t mean thatlots of residences are going tostart popping up in the coun-tryside around Frome – theplanning system treats eachcase on its merits, and its re-quirements are quite exact-ing.”

The couple hope to continueto make the site available tothe wider community throughwildlife events and volunteerd ay s.

New market hasMary on its sideTraders are gearing up for at ow n’s new street market forthis weekend – with the sup-port of retail guru MaryPor tas.

The Town Team is holdingthe Wincanton Street Marketon Sunday, from 11am until4pm.

The team, which was set upin 2011 as part of the PortasReview and secured £10,000 infunding, made the reintroduc-tion of a market in the Som-erset town its first challenge.

Portas, star of the BBC showMary Queen of Shops, tweetedorganisers and said: “Goodluck and I hope the suns h i n e s. ”

The market will see morethan 40 stalls set up alongHigh Street.

A delicatessen in Cheap Street, Frome, is looking to expand into the shopnext door to give space for more indoor seating. Sagebury Fine Food Ltd,owned by Paul Dumpleton, of Bath, hopes to present the new shop with amore spacious feel for customers to browse, within a time frame of threemonths. Mr Dumpleton said: ‘At the moment we have one table indoors,and additional tables outdoors over the summer, to serve our freshlyproduced food, tea and coffee. The idea is to double the size.’ MrDumpleton has owned the delicatessen for five years

Plan to make cramped delicatessen twice as appealing

A Somerset pub has just been reopened under new management. MichaelEavis, founder of the Glastonbury Festival, officially opened the Cross Keyspub in Lydford-on-Fosse, near Somerton, on Friday. The local celebrity wasone of around 1,000 people who visited the pub over the openingweekend that included a fly-past and aerobatics. Co-owner David Grindley,of Charlton Mackrell, said: ‘It’s going to be a great community pub’

Glastonbury Festival founder opens refurbished pub

Service woman swappingArmy life for office life

A young service woman who isabout to leave the military saysshe is looking forward to applyingthe skills she learnt to a new job.Charlotte Harris, 23, who served inAfghanistan with the RoyalEngineers, has been undertakingwork experience atGloucestershire-based OmegaResource Group. The recruitmentcompany has joined a campaign tohelp get former military personnelinto work in the county

A drop in Britain’s unemploy-ment rate sent the poundsharply higher amid mount-ing expectations interest rateswill rise sooner than pre-dicted.

Official figures showed un-employment falling to 2.49 mil-lion in the three months toJuly, while the jobless rateeased to 7.7 per cent from 7.8,putting pressure on the Bankof England’s pledge to holdrates at their record low untilthe unemployment rate falls to7 per cent.

As investors bet on ratesrising before the bank’s 2016guidance, sterling leapt to aseven-month high against theUS dollar and a nine-monthrecord on the euro – at 1.58dollars and 1.19 euros – al-though the FTSE 100 Indexfailed to gather momentum,edging 4.4 points higher to6588.4.

Chip designer ARM Hold-ings was top of the FTSE 100risers board as it benefitedfrom excitement over thelaunch of Apple’s iPhone 5Swhich uses ARM’s technology.ARM’s shares rose 45.5p to986.5p, a gain of 5 per cent.

But Apple was suffering re-verse fortunes on Wall Street,down almost 6 per cent in earlytrading due to fears its newcheaper model will still be toocostly for emerging markets.

Retail chain Sports DirectInternational celebrated itsimminent promotion to thetop tier of London companies

Jobless figuresput focus oninterest rates

POUND ABROADEURO 1.13 euroDOLLAR 1.50 dollarsAUSTRALIA 1.60 dollarsBRAZIL 3.21 realsCANADA 1.55 dollarsCHINA 8.60 yuan

HONG KONG 11.57 HK dollarsINDIA 88.42 rupeesJAPAN 150.11 yenSOUTH AFRICA 14.80 randSWITZERLAND 1.40 francsTURKEY 3.01 lira

YESTERDAY IN THE CITY

by producing another batch ofstrong sales figures. Its elev-ation to the FTSE 100 Indexwas accompanied by an 18 percent rise in sales to £613.3 mil-lion in the 13 weeks to July 28.The company’s shares floatedat 300p in February 2007 andwent as low as 32p the fol-lowing year but its marketvalue now stands at £4.3 bil-lion after a 70 per cent surge inshares this year. The stock was13.5p higher at 729p today.

Sports Direct is joined onthe list for entrance into thetop tier by packaging andpaper group Mondi and Coca-Cola Hellenic Bottling Com-pany. They will replace out-sourcing firm Serco, oil andgas services firm John WoodGroup and miner EurasianNatural Resources. Thechanges take place on Septem-ber 23.

The biggest FTSE 100 riserswere ARM Holdings up 45.5pto 986.5p, Glencore Xstrata10.25p ahead at 339p, Experian26p higher at 1189p and TullowOil 16p up at 1073p. The biggestFTSE 100 fallers AdmiralGroup down 53p to 1227p,Kingfisher off 11.5p to 408.5p,Lloyds Banking Group 2plower at 76p and easyJet down33p to 1325p.

The UK’s latest officialunemployment figure

2.49m

GOLD BULLION

Gold at close was 1361.27 – 1361.56 dollars an ounce comparedwith 1362.79 – 1363.14 dollars previously. Silver at 4.30pm was1460.79p – 1463.95p compared with 1458.46p – 1460.37p previously.Spot silver was fixed today at 1462.37p.

DOCKED IN AVONMOUTH ON TUESDAY

APPOINTMENTS

Dr Markas Gilmartin, a part-ner at Bath-based EpochWealth Management, has beenappointed chairman of an in-fluential finance industrythink-tank.

The Leading Edge AdviserForum (LEAF) is a non-profitconsultancy group which wasset up to give independent fin-ancial advisers (IFAs) thechance to share expert in-dustry knowledge.

Members of the newly re-launched forum meet regu-larly to discuss a wide range ofindustry issues. They includesenior advisers from leadingfinance firms includingBarclays Wealth, First Finan-cial, Generali Group and Beck-ford James.

Topics discussed during theAugust meeting of LEAF inLondon, which was chaired byDr Gilmartin, included adebate on the future of wealthmanagement and how toinvest a £10 million lotterywin. The next LEAF meetingwill be held in Bath on Decem-ber 4 when the group will dis-cuss financial planning as ap ro f e s s i o n .

Dr Gilmartin said: “I amdelighted to have been invitedto chair this important in-dustry forum which aims totrigger critical debate amongIFAs and provide an oppor-tunity to share informationand wisdom.”� Bishop Fleming, the UK’sfastest-growing Top 40 ac-countancy firm, has lured amajor-player from “Big Four”firm, Ernst & Young.

Jon Sturgess has joinedBishop Fleming as a seniormanager to head the firm’sWorcester office corporateservices team.

Having trained with BakerTilly, Jon Sturgess spent morethan eight years at Ernst &Young, where he progressed toaudit manager, handling cli-ents with turnover rangingfrom £10m to £300m.

According to Ian Smith,partner in charge of BishopF leming’s Worcester office:“Jon is a great addition to ourteam, and will lead our cor-porate services and audit op-e r at i o n s. ”

Jon Sturgess began hiscareer with Baker Tilly inSomerset, and remains a sup-porter of Yeovil Town FC.

� Ian Howse has been pro-moted to partner at Deloitte.Since joining in 2009, havingpreviously worked with theAudit Commission, Ian hasbuilt up the firm’s publicsector team in the South Westfrom scratch to become one ofthe most successful in there gion.

He leads the team whichprovides audit and advisoryservices to over 20 clients in avariety of sectors includinghealthcare, education, emer-gency services and local gov-er nment.� Steve Ashworth, an exper-ienced employment tax seniormanager, has been promotedto associate director at Smith& Williamson.

Steve has progressedquickly up the ladder at theaccountancy and investmentmanagement group, whichhas offices on Portwall Place,Bristol, since joining as a man-ager less than six years ago.

Previously at HM Revenue &Customs, Steve has over 25ye a r s ’ experience in PAYE taxand National Insurance acrossa wide variety of industries,with a particular focus on thefood and drink sector. Hisother principal client sectorshave been aerospace, defence,media and manufacturing.

Ian Hoswe, top, and SteveAshworth

‘Our dwelling willhave minimal visualand traffic impacts’

Chris Smaje and Cordelia Rowlatt

BRO DEVELOPER Pe m b ro ke,petroleum productsCITY OF CARDIFF Avo n m o u t h ,sandFEHN MISTRAL Liepaja, grainRESPONDER Baltimore, cableVEERSEBORG Leixoes, projectcargoAP JADRAN Ust-Luga, coalCLIPPER MACAU South Africa,forest products

MARI UGLAND Mina' Al Ahmadi,jet fuelZAGREB Ust-Luga, coalAMETHYST STAR Castellon, grainAUTOSUN Pasajes, carsGRANDE ELLADE Setubal, carsMAERSK WINDHOEK Antwer p,containersTIGER Far East, carsProduced by the Bristol PortCompany

Page 8: Business Western Daily Press 12 September 2013

8 WEST COUNTRY BUSINESS THURSDAY SEPTEMBER 12 2013 WESTERN DAILY PRESS WDP-E01-S3

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West stocks highlighted

AEROSPACE & DEFENCEAvon Rubber 504 -10 514 2971/2B AE 4425/8 -51/8 4553/8 3003/4Chemring Group 318 +43/4 3605/8 217Cobham 3003/4 +11/4 3073/4 1901/8Me g gitt 5521/2 -2 562 3661/4QinetiQ 1941/4 -3/8 2111/8 1713/4Ro l l s - Ro yc e 1125 -6 1240 8381/2Senior 2743/8 -41/8 2883/8 1857/8Ultra Electronics 1898 +10 1981 1505

AUTOMOBILES & PARTSGKN 3521/2 +1/4 354 201To ro t ra k 291/8 +5/8 363/4 231/2

BANKSB a rc l ay s 3061/2 +3/4 3337/8 2135/8Bk of Ireland 183/4 -5/8 197/8 73/4HSBC 699 -67/8 7697/8 5681/8Lloyds Banking Gp 76 -2 78 37Royal Bank of Scotland 357 +1 3673/4 2551/8Standard Chartered 15191/2 +81/2 18371/2 1380

BEVERAGESBarr (AG) 5461/2 -1/2 5881/2 4321/4Britvic 5881/2 +1/2 5881/2 3491/8D i age o 19881/2 +81/2 21361/2 1683SABMiller 3140 -34 3657 2599

CHEMICALSC a rc l o 4201/4 +51/2 501 3423/4Croda Intl 2653 -11 2841 2164Elementis 2573/8 -2 275 2041/4Johnson Matthey 2977 -8 2985 2190Por vair 2451/2 -41/2 2981/2 133Synthomer 242 -71/4 2491/4 146Tre at t 630 6321/2 3201/2Vi c t rex 1670 -33 1765 1322Zotefoams 1971/2 225 1861/2

CONSTRUCTION & MATERIALSAlumasc 131 131 771/2Balfour Beatty 2711/8 +21/4 3203/4 2075/8Boot (Henry) 192 -1 201 1231/2Boustead 181/2 181/2 181/2Clarke (T) 61 621/2 40Costain 2753/4 +31/4 306 2261/4CRH 1485 +2 1540 1090Galliford Try 1066 -4 1070 6621/2Gleeson (MJ) 3071/4 -23/4 350 122Keller Group 1146 +16 1161 519Kier Group 1667 +27 1667 1106Kingspan Group 10281/8 +201/4 10133/4 6085/8Low & Bonar 741/2 +1/2 763/4 50Marshalls 1833/4 +11 1833/4 85Morgan Sindall Gp 696 -6 712 508North Midland Const 1071/2 1471/2 95Po c h i n s 311/2 34 20Titon 381/2 391/2 22

ELECTRICITYDrax Gp 6961/2 -171/2 7171/2 4923/8SSE 1564 +7 1676 1364

ELECTRONIC & ELECTRICAL EQDialight 1375 1399 9991/2Domino Printing Sci 6821/2 +21/2 717 522Eurodis Electron 1 1 1Halma 574 -11/2 578 4103/8Laird 2371/2 +23/4 2491/4 1711/8Morgan Advanced 310 +17/8 318 2201/4Oxford Instruments 1369 -35 1752 1209Re n i s h aw 1817 -13 2081 1494Ross Group 11/4 -1/8 13/8 1/2Spectris 2315 -7 2470 1549TT Electronics 191 +11/2 1911/2 114Vo l ex 114 -4 2651/2 84Xaar 768 -71/2 898 2311/2XP Power 1375 +25 1400 876

EQUITY INV INSTRUMENTSAberforth Smaller Cos 995 +2 995 645Alliance Trust 4343/8 -5/8 4641/4 3633/4Bankers IT 575 -1/2 5821/2 419BlackRock Wld Mining 504 -41/2 6221/2 4241/2British Assets Trust 135 -3 1401/4 1163/8British Emp Secs&Gen 4981/2 +5 522 432Caledonia Investment 1799 -6 1935 1407City of London IT 3663/4 +1/4 3741/2 3033/4Dexion Absolute 1483/4 1515/8 1361/8Edinburgh Inv Tst 611 621 4861/2Electra Private Equity 2299 -11 2398 1673Fidelity Euro Value 1474 +4 1515 1162Fo re i g n & C o l o n i a l 3683/4 -11/4 383 3041/4JP Morgan Japan IT 234 -3 246 1511/2JPM Euro IT Gwth 2051/2 +2 2091/2 158Mercantile IT 1419 -1 1423 1020Merchants Trust 504 -3 507 3611/2Middlefield Canadian 1003/4 -1/4 115 991/2Monks Inv Tst 3821/2 +1/4 3821/2 300Murray Income Tst 785 -6 820 6561/2Murray International Tst 1135 -3 1245 9821/2North American Inc 8463/4 -53/4 9151/2 6671/2Perpetual Inc&Grwth 3527/8 -5/8 364 2751/2RIT Cap Partners 1264 -6 1275 1108Scottish Inv Tst 5911/2 +21/2 606 464Scottish Mortgage 915 +4 915 6671/2SVG Capital 4003/8 +3/4 416 2577/8Temple Bar IT 1191 -30 1232 956Templeton Emerging Mkts 551 -5 678 514Witan Inv Tst 631 -1 644 474

FIXED LINE TELECOMSBT Group 3461/2 -23/8 3487/8 2121/2Cable & Wire Comm 411/4 +1/8 461/4 341/4Colt Group 1181/8 +11/4 1351/2 931/2KC O M 90 -3/4 903/4 681/4Talktalk Telecom 2523/4 -11/4 276 1775/8Telecom Plus 1352 -2 1399 821

FOOD & DRUG RETAILERSG re g g s 4363/8 -21/4 5231/2 3921/8Morrison (Wm) 2971/4 +23/4 2971/4 2485/8Sainsbury (J) 3961/8 -1/4 3983/4 3217/8Te s c o 3713/8 -5/8 3873/4 3077/8Th o r n t o n s 88 -2 1001/2 285/8

FOOD PRODUCERSAnglo-East Plantations 645 -5 798 621Assoc Brit Foods 1805 -37 2031 1275Carr's Milling 14821/2 -71/2 1490 909C ra n sw i c k 1186 +12 1186 7321/2Dairy Crest Group 4951/4 -11/4 5281/2 3327/8D ev ro 3361/4 +63/4 380 2897/8Glanbia 7963/4 -115/8 9295/8 5677/8G re e n c o re 150 +3 154 791/2Kerry Group A 38195/8 -83/8 40425/8 31023/4Premier Foods 1533/4 -123/4 1661/2 593/4REA Hldgs 370 +10 524 3591/4Tate & Lyle 780 -11/2 883 646U n i l eve r 2467 -15 2885 2239

FORESTRY & PAPERMondi 1102 +7 1102 6011/2

GENERAL FINANCIAL3i Group 3691/2 -35/8 3871/2 2053/4Aberdeen Asset Mgt 3793/4 -41/4 4921/8 2961/2Brewin Dolphin 2691/2 283 1573/8Close Bros Group 1130 +8 1130 830F&C Asset Mngmt 983/4 +21/2 1103/8 90Guinness Peat 29 331/2 231/2Hargreaves Lansdown 1020 -20 1040 6241/2Henderson Group 186 -11/8 1871/8 1071/4ICAP 4163/4 -53/8 4221/4 2803/4IG Group 592 +3 6131/2 4163/4Intermediate Capital 4641/2 +21/2 5011/2 2871/4I nve s t e c 4353/4 -11/2 5131/2 3583/8IP Group 137 +2 1585/8 1051/8London Stock Exchange 1618 -34 1652 930Man Group 885/8 -1/8 1343/8 713/4Pa rago n 3281/4 +21/2 3545/8 2033/4Provident Finl 1758 -12 1773 1287Rathbone Brothers 1588 -19 1691 1208S c h ro d e r s 2480 -5 2560 1518Schroders NV 1991 +3 2000 1176Tullett Prebon 3921/4 -33/4 3957/8 219World Trade Systems 41/2 41/2 41/2

GENERAL INDUSTRIALSBritish Polythene 590 -2 604 3711/2REXAM 5091/2 -4 5471/2 4245/8RPC 4747/8 +51/8 477 378Smith (DS) 2793/4 -23/4 2821/2 1831/4Smiths Group 1359 -4 1397 1011

GENERAL RETAILERSA l exo n 27/8 27/8 27/8Ashley (L) 271/2 +1/2 291/2 25Beale 111/2 25 91/2Brown (N) 5601/2 +11/2 577 2663/8Caffyns 430 450 365Carpetright 6903/4 +41/4 7011/2 585Carphone Whse 230 -4 251 1531/4Dar ty 78 +1 881/4 39D eb e n h a m s 1023/8 -21/4 1233/4 783/4Dignity 1492 +4 16871/8 9715/8Dixons Retail 467/8 -1/4 471/8 183/4Dunelm Group 930 +5 1047 613Euro Home Retail 21 21 21Findel 2503/4 -3 2533/4 108Flying Brands Units 25/8 71/8 25/8French Connection 33 -1/8 34 223/4Halfords 4043/8 -5/8 4051/4 250Home Retail 1637/8 +11/4 1637/8 891/8Howden Joinery Gp 2901/4 -53/4 2961/4 1451/4HR Owen 1411/2 150 61I n c h c ap e 6271/2 -1 645 3531/4JD Sports Fashion 974 -11/2 977 670Kingfisher 4081/2 -111/2 420 2621/4L o o ke r s 1233/4 +23/4 1281/2 683/4Mallett 801/2 841/2 611/2Marks & Spencer 509 -11/2 5101/2 3563/4Moss Bros Group 741/4 +11/4 741/4 45M o t h e rc a re 422 +43/4 4923/4 202N ex t 5190 +30 5190 3320Pe n d rago n 35 +1/4 35 131/2Signet Jewelers 4348 -82 4934 2990Ted Baker 1981 -36 2017 899Topps Tiles 821/2 -1/2 893/4 46WH Smith 8461/2 -7 8531/2 6061/2

HEALTH CARE EQPMNT & SERVBioquell 155 +1 160 130Consort Medical 859 860 6601/2Smith & Nephew 773 +11/2 800 638Southern CrossH e a l t h c a re

61/4 61/4 61/4

Synergy Healthcare 1108 -8 1165 9041/2United Drug 3341/2 +5/8 3605/8 217

HOUSEHOLD GOODSAga Rangemaster 1253/4 -1/4 126 541/4

Barratt Developments 3171/8 -151/4 3551/4 1671/4B e l l way 1373 -31 1502 913Berkeley Grp Hldgs 2140 -58 2340 1387Bovis Homes 768 -5 8511/2 487G a s ke l l 21/4 21/4 21/4Headlam Group 396 -6 415 295McBride 1241/2 -1/2 1463/4 101Pe r s i m m o n 1154 -24 1305 7341/2Reckitt Benckiser 4428 -17 4950 3565Re d ro w 2375/8 +13/4 2551/8 1503/8Taylor Wimpey 1061/8 -11/4 1133/4 541/4Vi c t o r i a 232 +1/2 280 1871/2

INDUSTRIAL ENGINEERINGAssoc Brit Engineering 130 -10 140 115B o dyc o t e 665 -51/2 6701/2 3451/8Castings 446 +61/2 446 291Fe n n e r 3901/8 +5/8 4351/4 3057/8G o o dw i n 3475 +31 3475 1425Hill & Smith 4461/2 -1/2 480 364IMI 1507 -6 1513 900Melrose Ind 3123/4 +21/4 3123/4 2067/8Molins 175 +71/2 178 119MS Intl 194 -1 2671/2 1811/2Re n o l d 357/8 -7/8 363/4 163/4Rotor k 2815 -24 3037 2229S eve r f i e l d - Ro we n 601/2 +11/4 1473/4 371/4Spirax-Sarco 3082 -8 3090 20031/4Tex Hldgs 731/2 -1 781/2 521/2Tr i f a s t 701/2 -1/4 703/4 401/2Vitec Group 650 -51/2 740 559Weir Group 2352 +8 2474 1688

INDUSTRIAL METALSFirst Quantum Minerals 1154 -15 1532 8721/2

INDUSTRIAL TRANSPORTATIONBBA Aviation 3211/4 -1/8 3213/8 1953/4Braemar Shipping 456 -9 465 350Clarkson 2070 +5 2070 1150Fisher (J) 1143 +15 1143 739Irish Continental Units 21957/8 +921/2 21453/8 14723/8Ocean Wilsons 9471/2 +21/2 11571/2 8971/2Stobart Gp Ord 122 -2 124 741/2UK Mail Gp 590 -30 645 237Wincanton 100 -4 105 433/4

LEISURE GOODSGames Workshop 7701/2 +1 7941/2 601H o r n by 80 881/2 551/4Photo-Me 101 -11/2 1021/2 463/4

LIFE INSURANCEAv iva 4103/4 -3/8 4111/8 2941/8Hansard Global 115 -5 136 841/4Legal & General 1993/4 +1/4 2017/8 1313/8Old Mutual 1913/8 +3/8 2215/8 1661/8P ru d e n t i a l 1163 -8 1232 8011/2Re s o l u t i o n 3271/8 +17/8 336 2071/4St James Place 6231/2 -31/2 6411/2 3595/8Standard Life 3443/8 -23/4 4213/4 2723/4

MEDIA4imprint 5371/2 -91/2 5621/2 3243/4Bloomsbury Pub 1433/4 -1 1443/4 102BSkyB 8491/2 -21/2 8991/2 709Centaur Media 431/2 -1/4 60 31Chime Comms 314 324 2061/2City of London Group 64 761/2 581/2C re s t o n 104 -1/4 109 751/4Daily Mail & Gen Tst 8621/2 8821/2 5021/2Daily Mail A 8071/2 +41/2 835 4511/4Euromoney Instl Inv 1184 -13 1209 7471/2Future 123/4 +1/8 213/8 95/8Haynes Publishing 175 200 157H I BU 1/8 3/4 1/8Huntswor th 63 +1 63 37Indep News&Media 5 +1/4 131/8 21/2Informa 5361/2 +5 5411/2 3801/2ITE Group 290 +11/2 3073/8 1831/2ITV 1811/4 +1/4 1811/4 855/8Johnston Press 145/8 -1/8 19 51/2M o n ey s u p e r m a r ke t . c o m 1633/4 -43/4 221 133Pe a r s o n 1291 -8 1350 1119Quarto Group 1621/2 1621/2 136Reed Elsevier 821 +1 8531/2 592R i g h t m ove 2395 -3 2460 1436STV Group 249 +41/2 249 851/2Tarsus Group 2221/2 -1 2483/4 175Trinity Mirror 1281/4 +1/4 1281/4 423/4United Business 743 +151/2 788 636UTV 195 195 1151/2Wilmington 1941/4 -1/4 196 1071/4WPP 1274 -3 1277 788

MININGAnglesey Mining 53/4 151/2 51/2Anglo American 16091/2 -221/2 2084 1207Anglo Pacific Res 2041/4 -3/4 290 161Antofagasta Hldgs 886 -101/2 1381 7841/2Aquarius Platinum 503/4 -1/2 751/4 36Avocet Mining 173/4 -1/4 95 63/4BHP Billiton 19321/2 -61/2 2236 16661/2Bisichi Mining 112 130 95Coalfield Res 51/8 +1/8 87/8 27/8Ka z a k h my s 3091/4 -13/4 826 2333/4Ke n m a re 281/4 -3/4 431/4 231/2Lonmin 3481/8 -43/4 6511/2 2531/2Randgold Res 4614 -75 7775 3972Rio Tinto 3207 -101/2 3757 2582Vedanta Res 1194 +6 1335 9611/2

MOBILE TELECOMMUNICATIONSI n m a r s at 7281/2 -3 749 5421/2Vodafone Group 2101/8 +21/4 2131/4 1541/2

NONLIFE INSURANCEAdmiral Grp 1227 -53 1416 1019Amlin 3871/4 +51/4 4351/8 3641/8B e a z l ey 2085/8 +1/4 2423/4 1645/8Catlin Group 4823/8 +51/4 5521/2 4551/4Jardine Lloyd Thom 9051/2 +61/2 9491/2 723RSA Insurance Gp 1213/4 -1/4 1361/4 1073/4

OIL & GAS PRODUCERSBG Group 12061/2 +11/2 13501/2 10001/2BP 4453/4 +2 4831/4 4165/8Cairn Energy 2761/8 -21/8 297 2513/4Dragon Oil 615 -4 662 510For tune 91/8 +1/8 121/2 71/8JKX Oil & Gas 68 -1 81 481/2Premier Oil 3617/8 -41/4 4001/4 3211/4Royal Dutch Shell A 2067 +91/2 23091/2 20251/2Royal Dutch Shell B 21581/2 +11 2365 2098Soco International 4131/4 +71/2 4131/4 3197/8Tullow Oil 1073 +16 1468 977

OIL EQUIPMENT & SERVICESAMEC 1058 +4 1172 9651/2Hunting 8451/2 +71/2 941 716Pe t ro f a c 1411 +5 1737 1194Wood Gp(J) 8191/2 +41/2 9151/2 7201/2

PERSONAL GOODSA bb eyc re s t 11/2 11/2 11/2Burberry Gp 1640 -27 1667 1000C re i g h t o n 43/4 51/2 11/2Lambert Howarth 181/2 181/2 181/2PZ Cussons 4293/4 -23/4 4321/2 2981/4Worthington Group 3 8 3

PHARMA & BIOTECHArk Therapeutics 1/2 - 35/8 3/8A s t ra Z e n e c a 31611/2 +28 35211/2 27921/2B TG 3717/8 +65/8 3977/8 3103/4Dechra Pharms 718 -41/2 780 569G e nu s 1338 1594 1284G l a xo S m i t h K l i n e 1619 +201/2 1782 13171/2Hikma Pharmaceuticals 1039 -2 1112 7191/2Oxford Biomedica 21/2 +3/8 23/4 13/8S h i re 2486 +20 2486 1727S k ye P h a r m a 831/2 +1/2 1001/2 431/2Source Bioscience 91/4 121/4 91/8Ve c t u ra 112 112 77

REAL ESTATEBig Yellow Gp 4311/4 +51/2 445 3115/8Bolton Group (Intl) 15/8 15/8 15/8British Land 5701/2 -21/2 658 506Capital & Regional 40 42 223/4Cardiff Property 8171/2 8171/2 675CLS 11781/2 -81/2 1260 6561/2Daejan Hldgs 4000 +35 4179 2706Derwent London 2313 -20 2542 1946Development Secs 197 209 143G ra i n ge r 1787/8 +4 1871/2 1021/4Great Portland Est 5331/2 +5 598 4421/4Hammerson 4961/4 +25/8 554 4485/8Helical Bar 283 +3 3021/2 178Highcroft Invs 695 695 560Intu Properties 314 +1 366 3005/8Land Securities 902 -51/2 994 7611/2London & Assoc Prop 33 33 21McKay Secs 1571/2 -11/2 1593/4 1311/2Mountview Estates 61121/2 65121/2 4350Mucklow (A & J) 4421/2 +1/2 4541/2 325Panther Securities 3271/2 3421/2 285Primary Health Props 340 +2 3641/2 3121/2Quintain Est & Dev 85 -3/4 92 51S av i l l s 6301/2 -11 6641/2 3911/4Schroder Real Est 351/4 351/4 351/4S E G RO 3015/8 +15/8 3135/8 2215/8Shaftesbur y 585 -1/2 668 5221/2Smart (J) 901/2 901/2 711/2St Modwen Props 3071/8 +33/4 333 1931/8Stewart & Wight 526 600 500Town Centre 200 223 1783/4TR Property IT 2113/4 +13/4 2161/2 1571/2Unite Group 3593/4 -37/8 403 246

SOFTWARE & COMP SERVAnite 1231/4 -1/4 162 1095/8DRS Data & Research 223/4 23 151/4Electronic Data Proc 69 721/2 47E m bl a ze 491/2 61 43Fidessa Gp 2173 -17 2190 1275Gresham Computing 1321/2 +51/2 1321/2 623/4Innovation Group 293/4 +1 301/4 20I nve n s y s 4983/4 +13/4 5091/2 270Ko f a x 370 +9 370 2603/4M i c ro ge n 127 -31/2 1551/2 112Pa r i t y 323/8 +3/8 44 181/2RM 83 -13/4 851/2 64Sage Group 3471/2 +7/8 3871/4 3043/8SDL 350 680 271Triad Group 123/4 +1 161/2 51/2

SUPPORT SERVICESAcal 2631/2 +5/8 270 1573/4A g g re ko 1651 +21 2400 1557Ashtead Gp 6481/2 -211/2 730 3227/8Atkins (WS) 1231 -3 1234 638Babcock Intl 1188 +8 1209 914

B e re n d s e n 932 -7 939 540B ra m m e r 4801/2 -11/2 4821/4 2371/2Bunzl 1347 -9 1409 1009Capita Group 9951/2 -101/2 1057 713Carillion 318 +63/4 3313/4 2443/4C o m mu n i s i s 571/2 68 343/4DCC 2552 -47 2713 211/2De La Rue 1041 -4 1075 8911/2Diploma 661 +101/2 661 435E l e c t ro c o m p o n e n t s 280 +27/8 280 200E s s e n t ra 791 -4 830 5001/2Experian 1189 +26 1288 980G4S 2541/4 -5 3131/2 2071/2Harvey Nash 85 +1 86 54H ay s 1137/8 +1/4 1137/8 751/4Homeser ve 265 +1/4 2935/8 1855/8Hyder Consulting 5141/2 +51/2 5141/2 377Interser ve 576 +7 576 3491/8Intertek Group 3393 +8 3453 2697Jar vis 93/8 93/8 93/8Journey Group 1261/2 127 1151/2L a t ch wa y s 13071/2 1345 940L ave n d o n 188 +11/2 188 126Litho Supplies 5 5 5Macfarlane Grp 351/2 +1/8 351/2 203/4Management Cons 265/8 -1/8 32 211/4Mears Group 4023/4 +3/4 4301/4 282Menzies (J) 780 -10 801 573MICE Group 6 6 6Michael Page Intl 5021/2 +61/2 5021/2 3463/8MITIE Group 2965/8 +2 3003/4 248Nor thgate 4001/2 -41/2 405 228Office2office 471/2 139 333/4Pay p o i n t 1081 -11 1185 706Premier Farnell 2351/8 +63/4 2361/4 1651/2Re g u s 1827/8 -21/8 1933/8 96Rentokil Initial 1091/4 +3/4 1091/4 811/4Ricardo 5291/2 -61/2 536 3495/8Robert Walters 289 +2 289 1761/4RPS Group 2543/8 -25/8 2741/4 1951/2Serco Group 5671/2 +3 6831/2 535Shanks 961/2 -1/2 98 73SIG 1933/4 +13/4 1933/4 99Smiths News 188 -4 1921/4 114Speedy Hire 651/2 +23/4 651/2 261/4St Ives 1633/4 -1 170 761/4S Th re e 350 +2 3671/4 280Travis Perkins 1623 -12 1713 1030Tribal Grp 1951/4 +1/2 2021/4 921/4Vp 465 465 313Waterman Group 551/2 551/2 361/2Wo l s e l ey 3380 +2 3483 26355/8

TECH HARDWARE & EQUIPMENTARM Hldgs 9861/2 +451/2 1097 562BATM Adv Comms 143/4 +1/4 21 133/4Bede 3/4 3/4 3/4CML Microsystems 5371/2 +21/2 550 301CSR 5181/2 -11/2 607 3081/8F i l t ro n i c 631/8 +3/8 831/4 303/4Imagination Tech 306 +4 590 2351/8Nor thamber 291/2 361/2 271/2Pa c e 2813/8 +7/8 3191/4 1561/2Plasmon 3/8 3/8 3/8Spirent Comms 133 +1/4 170 118Vi s l i n k 483/4 -1/2 491/4 245/8Wolfson Microelectronics 1693/4 +13/4 2261/4 140

TOBACCOBritish Amer Tobacco 3329 +9 3784 30691/2Imperial Tobacco 2267 -1 2534 2120

TRAVEL & LEISURE888 Holdings 1615/8 +121/8 186 89Air Partner 430 -61/2 445 241Bwin.Party Digital 1101/4 -53/8 156 1011/4C a r n iva l 2423 -27 2628 2125Compass 854 +21/2 9101/2 6711/2e a s y Je t 1325 -33 1448 5611/2Enterprise Inns 1513/8 -23/8 1533/4 591/2F i r s t G ro u p 123 +13/4 2601/2 92Fuller S.T.A. 917 -31 969 7001/2Go-Ahead Gp 1515 -1 1595 1220Greene King 855 8971/2 587Intercontl Htls 1916 +6 2039 1524Intl Cons Airl 3121/8 -73/4 3263/4 149L a d b ro ke s 199 +3/4 2431/8 171Marston's 1651/2 +3/8 1651/2 1135/8Millennium & Copth 562 +7 5821/2 456Mitchells & Butlers 460 +1/2 460 2831/4National Express 2735/8 -3/8 274 1641/2Paddy Power 51321/8 -501/2 59313/8 45683/8Punch Taverns 135/8 -1/8 133/4 61/8Rank Group 1591/8 +1/4 1771/2 1323/4Restaurant Grp 5651/2 -91/2 575 352Ryanair Hldgs 520 -73/8 6291/8 3587/8Spor tech 851/4 -1/2 108 603/4S t age c o a c h 3253/8 +3/8 3375/8 2657/8Thomas Cook 1565/8 +3/4 1705/8 151/2TUI Travel 3553/8 +1 4011/2 2281/2Wetherspoon (JD) 7331/2 -11/2 767 4605/8Wh i t b re a d 3121 -17 3303 2263William Hill 419 -31/2 4941/2 3113/8

UTILITIESCentrica 3973/4 +21/4 3973/4 3103/4Dee Valley 14171/2 1470 1325National Grid 739 +2 8471/2 679Pennon Group 7271/2 +51/2 7491/2 598Severn Trent 1716 +4 2090 1513United Utilities 680 7871/2 647

AIM1pm 411/2 457/8 131/421st Century Tech 53/4 +5/8 16 5600 Group 17 +11/4 17 91/8A bb ey 7391/4 7511/2 5171/2Advanced Medical S 88 -3 921/2 54Alkane Energy 403/4 -1/2 411/4 201/4Alliance Pharma 351/4 -15/8 381/2 251/2Amerisur Resources 431/2 -1 58 34A m i n ex 21/4 - 53/4 2Andrews Sykes 2641/2 +1/2 2641/2 1731/2Antisoma 13/8 -1/8 2 13/8Aor tech 703/4 138 411/2API 691/4 92 543/4Ashley House 171/2 +7/8 171/2 107/8ASOS 5139 +55 5139 2020Aukett Fitzroy Robinson 43/8 41/2 21/4Avanti Capital 541/2 781/2 541/2Avesco Gp 2081/2 +41/2 2271/2 1521/2Bailey (CH) 1981/2 2031/2 1521/2BCB Holdings 17 213/4 131/2Berkeley MineralRe s o u rc e s

21/2 +1/8 35/8 21/4

Best of the Best 51 611/2 20Billington Hldgs 96 96 38Braime (TF & JH) 'A' N/Vtg

5521/2 5521/2 4721/2

Capital Mngt & Inv 200 +5 200 30Celtic 63 66 361/4Chamberlin 1071/2 1871/2 76Clean Energy Brazil 63/4 71/4 41/4Clear Leisure 31/8 51/2 27/8Coal of Africa 91/8 +1/8 23 71/8Colefax 2821/2 2871/2 2221/2Concurrent Tech 43 -1/2 541/2 40Connemara MiningC o m p a ny

51/8 93/4 51/8

CPL Resources 5071/2 5071/2 235Crimson Tide 11/4 + 11/2 11/8Cropper (J) 3121/2 3131/2 1701/2Daisy Gp 136 +1 1401/2 85Dart Group 230 -71/4 2691/4 751/4Densitron Tech 6 93/4 51/4D ew h u r s t 500 5421/2 385Dewhurst A 2721/2 -5 3721/2 2721/2Dillistone Group 901/2 921/2 661/2Dolphin Capital Investors 371/4 391/4 193/4Ebiquity 120 -1/2 1211/2 92E c ko h 221/2 +3/8 241/4 133/4Eco Animal Health 221 -1 270 215Egdon Resources 105/8 -1/8 117/8 65/8Eleco 183/4 211/2 7Eros Intl 277 +7 277 1871/2Faroe Petroleum 1321/2 +2 1633/4 1051/2Fe e d b a c k 3/4 1 3/8FII Group 63/4 63/4 63/4Finsbury Food 75 75 321/2Fletcher King 301/2 311/2 25Forbidden Technologies 29 29 181/2Futura Medical 80 +3 80 473/4F y f fe s 631/2 -1/2 651/2 37Global Energy 1001/2 +2 1221/2 69Gooch & Housego 524 +61/2 565 4131/2G ra fe n i a 22 +3/4 321/2 181/2Great Eastern Energy 200 2731/2 1971/2Green Compliance 7/8 10 7/8Griffin Mining 291/8 381/2 261/2GW Pharmaceuticals 691/2 -11/2 821/4 391/2Hampden Underwriting 1161/2 119 76Havelock Europa 161/2 201/4 105/8Hayward Tyler 48 +1/2 48 14Heavitree Brewery 325 3371/2 325Heavitree Brewery A 1771/2 1921/2 175Helphire Grp 53/4 +3/8 53/4 3/4Highland Gold Mining 791/2 -21/4 1341/4 521/2H i rc o 20 523/8 191/4Hydro Intl 104 126 871/2I S Solutions 421/2 50 361/2ILX Group 83/8 -3/8 141/8 7I m ag i n at i k 1/8 3/8 1/8Independent Res 57/8 115/8 47/8I n d i go Vi s i o n 291 +1 5421/2 290Interior Services 222 +51/2 222 1261/2Iomar t 3161/2 +83/8 3161/2 162James Halstead 294 +101/2 669 2373/4Jelf Group 85 +1/2 941/2 591/2Johnson Service 51 +11/4 51 311/4Latham (J) 391 +7 391 270Leed Petroleum 1/8 3/8 1/8Lok'n Store 1471/2 1561/2 1111/2London Capital 341/4 +1 64 271/2London Security 17721/2 18121/2 16871/2M&C Saatchi 288 -2 2941/2 153Majestic Wine 510 +3 530 397Mercer Resources 11/4 13/4Metro Baltic Horizons 10 131/2 33/4M i ra d a 97/8 +7/8 141/2 87/8Miton Group 311/2 351/4 201/8Mulberry Group 950 -2 1449 850Nanoco Group 1801/2 +21/4 199 55Nasstar 11 133/8 93/4Nationwide Accid Repair 50 78 481/2Netcall 403/4 +1/8 431/4 253/4Next 15 Comms 90 +21/2 115 791/2Nichols 12131/2 -141/2 1235 760Nighthawk Energy 101/4 111/4 27/8North River Resources 5/8 11/8 3/8Northern Bear 171/2 173/4 101/4Numis Corp 236 +11/2 236 96Optimal Payments 235 -1/2 2351/2 791/2Ottoman Fund 31 37 31

O xe c o 97/8 141/2 83/4Panmure Gordon & Co 140 225 1021/2Patagonia Gold 133/4 +1/2 301/4 8Paternoster Res 3/8 5/8 1/4Penna Consulting 831/2 831/2 621/2Pennant Intl 841/2 +31/2 881/2 38Personal Group 424 4421/2 320Petra Diamonds 1233/8 -3/4 132 97Petrel Resources 163/4 -3/8 271/8 41/4Pittards 23/8 25/8 17/8Por tmeirion 6871/2 -21/2 705 485Prime Active Cap 5 6 5Prime Focus London 41/8 93/4 41/8Prime People 71 711/2 461/2Publishing Technology 3421/2 385 951/2Pursuit Dynamics 20 -11/4 811/4 9Qihang Eqpt 63/4 151/4 61/4Qonnectis 311/2 34 25RAM Active Media 2 121/2 2Rangers Intl 50 -4 93 411/2Real Good Food 463/4 51 36Redhall Group 581/2 +7 75 411/2Re d s t o n e 7/8 103/8 3/4Renew Holdings 1381/2 +4 1381/2 761/2RGI International 1343/4 1377/8 901/2Rockhopper Exploration 127 +11/2 191 1123/4RSM Tenon 11/8 73/4 7/8RTC Group 141/2 17 8Sabien Technology 281/2 421/2 20S a fe l a n d 181/4 181/4 51/4Sagentia Gp 1391/2 +1 1391/2 821/2Scapa Group 94 -1 951/2 611/4SciSys 761/2 761/2 561/2Services Power Tech 37/8 -3/8 61/4 33/4Ser voca 31/2 37/8 23/8Sinclair (Wm) 131 -1/2 1621/2 114Sirius Minerals 12 +1 291/4 11Slingsby (HC) 4371/2 550 4371/2Software RadioTechnolog y

34 361/4 177/8

Sopheon 1041/2 150 741/2SPDI Secure 671/2 77 601/8S t at p ro 80 -11/2 1091/2 731/2Sterling Energy 351/2 431/2 34Stilo International 41/8 47/8 35/8Strategic NaturalRe s o u rc e s

101/4 28 101/4

Sutton Harbour 263/4 -1 35 213/4S wa l l ow f i e l d 781/2 -1 120 721/2Synetics 4961/2 +2 4961/2 2721/2Taliesin Property 1580 16471/2 1065Ta s t y 1031/2 104 501/2Taw a 241/2 451/2 241/2Telford Homes 307 +1 3331/2 129Telme Group 113 1131/2 83Ten Alps 11/4 23/4 11/8Terrace Hill 241/2 241/2 93/4Thorpe (FW) 1201/2 +21/2 136 92Total Produce 661/2 671/2 371/2Trakm8 Hldgs 201/2 23 16Transense Techs 81/4 13 65/8Tr ave l ze s t 3/8 - 61/4 1/4Turbo Power Systems 1/2 7/8 1/8TVC Holdings 50 -34 84 50Ultima Networks 1 11/4 3/4U n iv i s i o n 3/4 11/8 1/2URU Metals 2 37/8 17/8Ve r n a l i s 31 +11/2 31 193/8Vertu Motors 521/4 533/4 341/2VPhase 1/8 7/8 1/8Walcom Group 3 3 21/2Walker Greenbank 1421/2 +11/2 1421/2 661/4Weather Lottery 1/8 + 1/4 1/8West African Diamonds 11/8 31/4 7/8W YG 1001/2 103 481/2Wynnstay Group 561 5781/2 3911/2Wynnstay Props 275 275 2721/2XXI Century Inv 17/8 41/8 15/8Young Brewery A 1005 +20 10821/2 619Young Brewery N/Vtg 7121/2 +5 7271/2 5171/2Zincox Resources 18 -1/4 57 141/2Zoo Digital 67/8 21 61/4

BRITISH FUNDSConsol 21/2% 563/16 +1/8 69 561/16

Consol 4% 912 9/32 +1/8 1002 9/32 892 3/32

Conv 2.5% 779/16 +3/16 931/16 76Tres 21/2% 561 9/32 +1/8 713/4 533/4War Ln 31/2% 801/16 +7/32 959/16 792 7/32

Tres 8% 15 1161 9/32 + 1242 5/32 1161 9/32

Tres 21/2% IL 16 3397/8 + 3537/8 3397/8Tres 83/4% 17 1287/32 +1/16 1397/32 1285/32

Tres 8% 21 1382 3/32 +3/32 1547/8 1385/8Tres 5% 25 1183/8 +7/32 1341 3/32 1185/32

Tres 6% 28 1311 1/16 +7/32 1519/32 1311 5/32

Tres 41/4% 32 1091 3/16 +1/8 1252 3/32 1091 1/16

ReportsTODAYFinals Dunelm, KierInterims John Lewis,Morrisons, NextTrading update HomeRetail, OcadoReport CML releases itslending breakdownfigures for July

Major movers

888 Holdings 16158 +121

8 +8.09 +13.96ARM Hldgs 9861

2 +4512 +4.84 +12.74

Perform Group 54712 +20 +3.79 +10.14

Glencore Xtrata 339 +1014 +3.12 +7.50

Premier Farnell 23518 +63

4 +2.93 +3.57F&C Asset Mngmt 983

4 +212 +2.60 +0.71

Phoenix Gp 75912 +19 +2.57 +4.18

Grainger 17878 +4 +2.29 +4.62

Experian 1189 +26 +2.24 +4.30African Barrick Gold 170 +35

8 +2.16 -8.36

FTSE 100 Index

Risers▲ Price Rise p % rise Wk% chng

Bwin.Party Digital 11014 -53

8 -4.67 +0.18Barratt Devs 3171

8 -1514 -4.57 +5.88

Admiral Gp 1227 -53 -4.14 -2.93Ashtead Gp 6481

2 -2112 -3.21 -0.38

Moneysupermkt.com 16334 -43

4 -2.85 -5.81Kingfisher 4081

2 -1112 -2.74 +3.55

Berkeley Grp Hldgs 2140 -58 -2.64 +3.08Kenmare Resources 281

4 -34 -2.59 -1.67Polymet Int 7361

2 -1912 -2.58 -1.67

Lloyds Banking 76 -2 -2.58 +4.63

Fallers▼ Price Fall p % fall Wk% chng

6560

6570

6580

6590

6600WEDNESDAY

8 9 10 11 12 1 2 3 4 cls

Close - Up 4.44 at 6588.43