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CAITLN MORRISON
FTSE 100 5,911.46 +34.46 FTSE 250 16,179.02 +32.04 DOW 16,167.23 +282.01 NASDAQ 4,567.67 +49.18 /$ 1.434 +0.010 / 1.320 +0.007 /$ 1.082 -0.002
02
NEWS
CITYAM.COM
UST two weeks ago, Tesco chief executive Dave Lewis was
hailing a strong Christmas as evidence of the retail giant
making progress. UK like-for-like sales had risen 1.3 per cent
in the six weeks ending 9 January, and Lewis was particularly
pleased with international growth. When good news is hard to
come by, every little helps. Relatively positive figures at the start of
this year were taken as a sign that the boss dubbed drastic Dave
was making an impact and fighting back against the discounters.
However, the retailer is far from out of the woods. The Grocery
Code Adjudicator, Christine Tacon, reported yesterday on the
findings of an investigation which was itself triggered by the
infamous accountancy scandal that is still the subject of an
ongoing Serious Fraud Office probe. According to Tacon, the
supermarket knowingly delayed paying money to suppliers in
order to improve its own
financial position in gross
violation of the industry code
of conduct. The revelation
comes as no surprise for
suppliers as it served simply as
confirmation of what many
had known for a long time.
For the UKs biggest retailer to
have treated its supply chain with such contempt is frankly
reprehensible. Payments due to suppliers were delayed in order to
avoid missing targets that had been promised to investors. Peter
was robbed to pay Paul. Lewis is adamant that Tesco has moved a
long way from the culture that dominated it during the period
covered by Tacons report. But then, thats what he said when the
accountancy scandal was uncovered, too. The deterioration in the
fortunes of this once unassailable retailer are made easier to
understand when one reads Tacons findings. Incompetence (in the
form of data input errors) combined with malignance (help lines
were routed through Hindustan to handlers with no authority to
resolve issues) to make life punishingly hard for suppliers. If
shareholders thought that their difficulties dissolved with the
departure of Philip Clarke, they were mistaken. Indeed, up to 100
institutional investors have come together to launch legal action
over the billions of pounds in value wiped off the company
following the revelations of its 265m black hole. Tesco faces a
tough future, with pressure mounting from all directions.
WHAT THE
OTHER
PAPERS SAY
THIS
MORNING
NEW SHERIFF
IN TOWN
THE TIMES
TRANSPORT SECRETARY
DEFENDS HEATHROW DELAY
Iain Conn, the new chief exec of Centrica, sought to stamp his mark on the
energy company by announcing a wideranging management shake-up at
British Gas.
CITYAM.COM
CAITLN MORRISON
NEWS
03
AT&T revenue
below forecast
MALATHI NAYAK
Generali boss
World Bank slashes its oil price heads to Zurich
forecast to $37 a barrel from $51
Commodity prices might rise slightly over the next two years, said the World Bank
CAITLN MORRISON
JESSICA MORRIS
THE WORLD Bank yesterday drastically slashed its 2016 oil price forecast
to $37 per barrel, down from $51.
The Washington-based organisation cited Irans return to the
market, alongside the increased
resilience of the US shale gas
industry.
It said oil prices declined around 47
04
NEWS
CITYAM.COM
BILLY BAMBROUGH
Twitter swoops
on Amex for its
new ad chief
LYNSEY BARBER
The Bank of England governor told MPs that the time isnt right for an interest rate hike
CITYAM.COM
NEWS
05
JESSICA MORRIS
In one case, the retailer took more than two years to pay a multi million sum owed
Tesco is shamed
by watchdog for
supplier tactics
KASMIRA JEFFORD
AND LYNSEY BARBER
06
le s t
hi la
W cks
o
st
NEWS
CITYAM.COM
10
a month
Android tablet
LG Spirit
ing interest rates until after the referendum. When asked about the
economic impact of Brexit yesterday,
Bank of England governor Mark Carney told MPs on the Treasury Select
Committee that material decisions
in the referendum can have an impact on financial stability.
Meanwhile, a new report out from
Grant Thornton UK today suggests
that Britains mid-sized businesses
overwhelmingly want to see reform
of Britains relationship with the EU.
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CITYAM.COM
NEWS
07
MADELINE RATCLIFFE
SPREAD-betting company CMC Markets
yesterday announced it is looking at a
price range of between 235p and 275p
when it floats on the London Stock
Exchange next month.
At the midpoint of the range, this
would give CMC a market capitalisation of 736m. It is offering 90.4m ordinary shares,
representing 31 per cent of the
companys total stock, with
the float expected to raise more
than 240m.
Former Conservative
party treasurer Peter
Cruddas founded the
08
NEWS
CITYAM.COM
CATHERINE NEILAN
Jeff Goldblums Christmas ad for Currys PC World led to bumper sales for the retailer
DixonsCarphone
to close more
than 130 stores
CATHERINE NEILAN
MORE than 130 standalone Carphone
Warehouse stores are to be closed, as
parent firm Dixons Carphone continues to merge its retail arms.
Dixons Carphone said it had decided
to roll its three-in-one store format,
which includes PC World and Currys
alongside the mobile phone specialist,
out across the whole of UK and Ireland market.
This is because it said it had received
a big thumbs up from customers from
its trial phase. That will result in 134
stores being closed.
The move, which comes as Dixons
Carphone revealed better-thanexpected results for the Christmas
period, is not expected to result in
any job losses.
While this will reduce our store
numbers by 134, we have been doing
this on a smaller scale for some
years and are very confident that the
impact on sales and colleague numbers will be neutral or better, the
firm said.
In addition, our experience shows
that colleagues prefer working in
DIXONS CARPHONE
480
470
460
450
440
26 Jan
456.50
430
CITYAM.COM
THECAPITALIST
NEWS
09
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locations
across
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CITYAM.COM
NEWS
11
Stephan
Shakespeare
BUSINESS AND THE EU - Percentage of business leaders in SMEs, small digital firms and
FTSE 100, FTSE 250 and large private companies who favour remaining in or leaving the EU
Remain
93
88
Leave
41
42
General public
47
42
SMEs
13
Digital Entrepreneurs
Big Business
BUSINESS LEADERS
How else do
you measure
excellence?
The planned tower, dubbed the Shard of west London, attracted strong opposition
Jonathon Poyner
Director Business Operations
Wales Millennium Centre
CHOOSE
CHARTERED
12
NEWS
CITYAM.COM
HAYLEY KIRTON
FERGUSON TO
TAKE THE REINS
AT SAVILLS Savills
has named Sky boss
Nick Ferguson its
future chairman,
after Peter Smith
steps down from the
role in May. Ferguson joins the board
as a non-executive
director yesterday
and will take up the
reins when Smith
retires after the
property groups
AGM.
Sky boss Nick
Ferguson
Y O U O N LY H A V E
O N E PA I R O F E Y E S .
T H E R E S O N LY O N E
P L AC E TO H AV E
THEM CARED FOR.
A state-of-the-art London home for the UKs most trusted
eye care specialist.* Where our pioneering consultants deliver
the full spectrum of eye health care and you will receive a more
profound treatment experience.
CATARACT
CITYAM.COM
Consumer giant
beats forecasts
after tax bill cut
RANSDELL PIERSON
NEWS
13
Paddington 1,000
South Kensington 1,000
Green Park 1,000
St Jamess Park 1,000
Sloane Square 900
Tottenham Court Road 850
Piccadilly Circus 850
Bond St 850
Lowest
KASMIRA JEFFORD
EMMA HASLETT
14
NEWS
CITYAM.COM
HAYLEY KIRTON
Scotland lobbies
Osborne on tax
cuts for oil firms
KAROLIN SCHAPS
THE SCOTTISH government is seeking
an urgent meeting with chancellor of
the exchequer George Osborne to
urge him to lower taxes on energy
companies after Scotland suffered
heavy job losses due to persistently
low oil prices.
The British government made a
series of tax cuts and offered other
incentives to the North Sea oil and
gas industry last March, helping an industry dealing
with
tumbling
oil
prices.
Since then, crude
prices have continued to slide and
Scotland has lost
around
10,000
jobs as oil companies cut costs and
scrap projects to
respond to weaker
revenues.
The Scottish government is taking action to support the
industry at this difficult
time, but this needs to be matched
by a commitment from the UK government to address the fiscal regime
in which the industry operates,
Scotlands First Minister Nicola Sturgeon in a statement yesterday fol-
Santander appears to like Rosas spicy seafood hotplate with sizzling stir fried squid
AVACTA
To appear in CITYMOVES please email your career updates and pictures to citymoves@cityam.com
GURASSA FLIES
TO CHANNEL 4
Charles Gurassa,
the deputy chairman of easyJet has
been named the
new chairman of
Channel 4, in place
of Lord Burns who
steps down today.
The appointment of
a fresh face comes
at a time when a
question mark
hangs over Channel
4s future as a public
service, with speculation that it might
be privatised.
Charles Gurassa will
have to deal with a
government review
into Channel 4s
future as a public
broadcaster
INVESTEC
CITYAM.COM
CITYDASHBOARD
In association with
LONDON REPORT
BEST OF THEBROKERS
FTSE
5,950
5,900
5,850
5,750
5,700
5,650
270
260.90
265
5,911.46
26 Jan
26 Jan
260
255
250
21 Jan
20 Jan
22 Jan
25 Jan
26 Jan
UBS believes now is the right time to buy shares in RBS. The recent sell-off, driven by
investors avoiding the stock due to its legacy issues, has left it much too cheap,
making it a more attractive return prospect than the market appreciates, UBS said.
The broker has therefore upgraded its rating from neutral to buy, but lowered its
12-month target price to 350p from 363p, which factors in a 36 per cent upside.
PEARSON
800
780
760
740
720
700
680
660
769.50
26 Jan
20 Jan
21 Jan
22 Jan
25 Jan
26 Jan
Shore Capital has cut its 2016 earnings per share and dividend per share forecasts by
15 per cent and two per cent respectively to reflect the tough trading environment,
restructuring plans and revised guidance flagged in last weeks interim management
statement. The broker sees little scope for improved share price performance and
has therefore cut its rating from hold to sell with a 760p target price.
KINGFISHER
350
345
340
335
330
325
320
315
20 Jan
5,800
NEW YORK
REPORT
26 Jan
317.40
21 Jan
22 Jan
25 Jan
26 Jan
Jefferies believes investors should buy into Kingfishers stock and has
reiterated its 420p target price following an investor day on Monday when it
outlined a new five-year strategy. The broker said its view remains that the
French housing market is starting to turn and that Screwfix UK can continue to
grow strongly. Meanwhile, the ONE Kingfisher plan also appears to have been
mapped out with suitable caution.
16
OPINION
CITYAM.COM
FORUM
Zac
Goldsmith
Paul
Ormerod
DEBATE
Q: After a Brexit
war game found
prospects for the
UK outside the EU
are bleak, should
we take the result
seriously?
Rajesh
Agrawal
YES
The EU gives us access without barriers to
500m customers, 24bn of foreign
investment and the clout of negotiating as
part of the worlds largest trade bloc.
Britain could of course go it alone, do
things our way, tell the Eurocrats where to
go. But rather than regaining sovereignty,
the truth is wed end up with less ability to
pursue our interests. For example, for the
sake of half our exports, we would surely
want to negotiate retaining access to the
Single Market. In return, wed have to
agree to stick to the rules, even the ones
we dont like. But by leaving the EU, we
would have given up our seat at the table
where these rules are set and where our
economic interests, including those of the
City, can be defended. The bleak reality of
Brexit might not hit us straight away, but
over time this loss of influence would have
serious consequences for business, for
trade and for jobs. Britain is better served
by remaining in the driving seat, not
relegating ourselves to the sidecar.
Rajesh Agrawal is founder and chief
executive of RationalFX and Xendpay and
business adviser to Labours London
mayoral candidate Sadiq Khan.
Richard
Tice
NO
Reports of Euro-pocalypse after Brexit have
been greatly exaggerated.Hardly a week
goes by without another
hugenamecoming out to dispel the myth
of a latter-day corporate exodus. Unilever
was the most recent, right behind Toyota,
whichwas itselffollowing Bentley, RollsRoyce and other carmakers.Even Airbus
has said its going nowhere. And why should
they?Plenty of countries trade freely with
the Single Market from outside the EU, and
successfuldemocracies fromCanada
toNew Zealandmanage perfectly well as
free-standing nations. Brexit will empower
the UK to make bilateral deals around the
world and play its full part in global trade
bodies. The Remain campaignshould think
of all the opportunities this will allow us to
create, andhave a bit more confidence in
the UK. Jim Ratcliffe, the head of Britains
biggest private company, summed it up
when he said that we can govern ourselves
withoutlayers and layers ofburdensome
EU regulations on top of national
legislation.
Richard Tice is co-founder of Leave.EU and
former chief executive of a FTSE 250 company.
CITYAM.COM
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FTSE 100
FTSE 250
5911.46
34.46
16179.02
32.04
GILTS
-0.07
-0.04
-0.03
-0.01
0.03
0.05
0.10
0.20
0.16
0.23
0.08
0.32
0.45
0.18
0.27
0.68
0.84
0.42
0.85
0.89
0.33
0.98
0.53
1.13
1.21
0.66
1.33
1.50
1.50
1.64
0.00
113.8
106.8
108.3
339.1
110.9
126.3
114.4
113.0
115.1
119.0
370.4
143.0
119.8
125.8
353.6
134.8
132.0
131.4
155.7
142.5
350.7
136.9
144.8
140.4
153.2
146.5
153.1
132.2
152.3
156.4
101.8
106.5
102.6
105.7
327.3
107.3
121.1
111.7
108.0
111.2
113.5
359.4
135.7
110.4
119.1
322.5
119.4
112.1
116.0
132.9
118.3
304.4
111.7
120.7
111.6
120.4
112.2
117.1
100.6
113.3
114.4
94.9
6.7
1.5
-2.3
-3.3
-0.5
-0.5
9.0
547.0
345.1
587.5
274.4
1054.0
358.5
2026.0
425.5
241.4
346.5
187.1
513.5
203.1
1635.0
BANKS
Aldermore Group . . . . .207.0
Barclays . . . . . . . . . . . . .183.0
BGEO Group . . . . . . . . .1776.0
HSBC Holdings . . . . . . .474.5
Lloyds Banking Gr . . . . .64.7
Royal Bank of Sco . . . .260.9
Shawbrook Group . . . .300.0
Standard Chartere . . . . .477.3
Virgin Money Hold . . . . .314.1
-2.4
1.2
29.0
1.1
1.6
9.6
-5.7
-0.9
2.3
316.0
289.0
2257.0
649.3
89.0
403.9
382.0
1086.0
464.0
181.0
175.2
1616.0
462.5
61.9
248.8
300.0
459.6
275.1
11.5
-3.5
8.0
30.5
2.5
684.0 508.7
776.5 642.0
1629.0 1071.0
2022.5 1640.0
4202.5 2877.5
BEVERAGES
Barr (A.G.) . . . . . . . . . . .523.5
Britvic . . . . . . . . . . . . . .678.0
Coca-Cola HBC AG . . . .1387.0
Diageo . . . . . . . . . . . . .1872.0
SABMiller . . . . . . . . . . .4192.0
CHEMICALS
Croda
Internation
. . . .2873.0 -38.0 3137.0 2645.0
CONSTRUCTION
& MATERIALS
3248.36
15.77
Galliford Try . . . . . . . .1480.0
Ibstock . . . . . . . . . . . . . .207.6
Keller Group . . . . . . . . .801.0
Kier Group . . . . . . . . . .1212.0
Marshalls . . . . . . . . . . . .301.0
17.0
2.1
23.0
-13.0
-4.6
1813.0
225.0
1099.0
1513.0
370.8
1294.0
189.0
729.0
1170.0
238.0
ELECTRICITY
Drax Group . . . . . . . . . .235.0 8.2 429.9 207.6
SSE . . . . . . . . . . . . . . . .1407.0 22.0 1696.0 1345.0
-1.5
6.7
30.0
15.0
882.5 678.5
356.8 196.8
2648.0 1600.0
2394.0 1511.0
8.0
-2.5
-3.5
0.0
-0.2
-2.5
16.0
1.4
2.0
9.0
-2.6
0.6
6.0
0.7
0.1
-1.3
3.5
-0.4
-0.4
-0.3
-1.8
-2.0
8.0
-2.2
5.0
0.3
-1.0
-10.0
0.5
-2.5
-6.0
17.0
0.0
-2.0
8.0
-4.4
-0.2
0.6
-2.5
-0.8
-2.0
1234.0 1009.0
528.5 440.1
668.0 559.0
2190.0 1986.0
197.2 185.6
555.0 423.0
2515.0 2115.0
415.9 349.0
728.0 649.0
3757.0 3000.0
177.3 112.0
186.7 156.1
609.0 533.0
465.0 399.4
123.9 112.8
572.0 400.5
1377.5 825.0
160.5 150.2
141.5 130.3
128.1 114.0
292.3 243.0
671.0 491.5
1838.0 1471.0
456.9 374.9
1059.0 742.5
98.7 89.2
1184.0 915.0
1033.0 910.0
428.5 372.0
641.0 517.0
1688.0 1436.0
1105.0 728.0
668.0 547.0
281.8 234.8
1230.0 942.5
604.5 371.5
108.8 96.3
324.0 263.1
847.0 688.5
119.3 87.6
2097.0 1635.0
-0.5
0.0
7.1
-6.6
-2.5
3.3
-0.1
9.0
-11.8
-6.0
6.0
-0.1
-3.6
0.0
569.5
178.3
507.5
725.0
288.0
333.9
359.6
289.0
367.5
1664.0
1525.0
312.0
566.5
807.0
FINANCIAL SERVICES
3i Group . . . . . . . . . . . . .435.1
3i Infrastructure . . . . . . .170.3
Aberdeen Asset Ma . . .232.8
Allied Minds . . . . . . . . .280.7
Arrow Global Grou . . . .210.5
Ashmore Group . . . . . .206.2
Brewin Dolphin Ho . . . .274.5
Charles Taylor . . . . . . . .244.0
City of London In . . . . .298.3
Close Brothers Gr . . . . .1257.0
Hargreaves Lansdo . . .1318.0
Henderson Group . . . . .269.9
ICAP . . . . . . . . . . . . . . .450.0
IG Group Holdings . . . . .715.5
CITYAM.COM
416.0
153.2
216.5
267.0
208.0
196.4
249.0
205.0
285.0
1240.0
966.0
233.2
422.6
690.0
Intermediate Capi . . . .566.5 2.5 627.0 475.2
International Per . . . . .247.0 1.7 504.5 232.0
Investec . . . . . . . . . . . .420.7 4.1 647.0 404.4
IP Group . . . . . . . . . . . . .176.0 -1.2 264.7 173.2
John Laing Group . . . . .201.6 -0.9 233.8 187.0
Jupiter Fund Mana . . . .406.1 2.3 475.1 378.3
Liontrust Asset M . . . . .265.0 0.0 374.8 252.0
LMS Capital . . . . . . . . . . .66.3 0.0 80.0 66.3
London Finance & . . . . .37.5 0.0 40.5 31.0
London Stock Exch . . .2425.0 -33.0 2780.0 2309.0
Man Group . . . . . . . . . . .155.8 0.3 217.6 139.8
OneSavings Bank . . . . .326.6 12.8 405.6 210.0
Paragon Group Of . . . . .313.3 4.9 455.5 292.2
Provident Financi . . . .2851.0 -66.0 3634.0 2584.0
PureTech Health . . . . . .146.3 -4.8 170.5 123.0
Rathbone Brothers . . .2262.0 19.0 2359.0 2028.0
Real Estate Credi . . . . . .158.9 0.1 183.0 158.6
Record . . . . . . . . . . . . . . .24.5 -0.5 39.8 22.1
S&U . . . . . . . . . . . . . . .2164.5 -23.0 2560.0 2000.0
Sanne Group . . . . . . . . .370.0 -4.8 385.0 251.0
Schroders . . . . . . . . . .2650.0 9.0 3423.0 2511.0
SVG Capital . . . . . . . . . .468.0 -0.7 522.0 432.5
Tullett Prebon . . . . . . . .310.6 -2.7 414.8 304.8
VPC Specialty Len . . . . . .92.9 -0.8 104.0 90.8
Walker Crips Grou . . . . .42.0 0.0 53.8 41.3
190.0
1355.0
208.2
470.8
284.7
325.0
251.0
598.5
-6.0
-7.0
0.0
9.5
-5.0
5.0
3599.0 2712.0
1957.0 1310.0
697.0 439.7
364.9 273.2
679.0 502.0
3015.0 2524.0
FOOD PRODUCERS
Associated Britis . . . . .3015.0
Cranswick . . . . . . . . . .1948.0
Dairy Crest Group . . . . .603.5
Greencore Group . . . . .362.0
Tate & Lyle . . . . . . . . . .590.5
Unilever . . . . . . . . . . . .2955.5
AIR LIQUIDE......................................................95.72
AIRBUS GROUP .................................................57.42
ALLIANZ N........................................................147.10
ANHEUS.-BUSCH INBEV...................................112.95
ASML HLDG ......................................................83.00
AXA ..................................................................22.45
BANCO SANTANDER ...........................................3.99
BASF N.............................................................62.08
BAYER N..........................................................105.35
BBVA...................................................................5.91
BMW ................................................................79.40
BNP PARIBAS-A-..............................................44.05
CARREFOUR .....................................................25.00
DAIMLER N.......................................................65.09
DANONE...........................................................60.39
DEUTSCHE BANK N.............................................17.12
DEUTSCHE POST N............................................22.60
DEUTSCHE TELEKOM N ......................................15.84
E.ON N................................................................9.37
ENEL ...................................................................3.76
ENGIE ...............................................................14.38
ENI ....................................................................13.08
ESSILOR INTL....................................................112.45
FRESENIUS.......................................................60.64
GENERALI...........................................................14.15
IBERDROLA ........................................................6.36
INDITEX ............................................................29.43
ING GROUP .......................................................10.67
INTESA SANPAOLO..............................................2.67
L'OREAL...........................................................152.55
LVMH..............................................................144.90
MUENCH RUECKVERS N...................................173.45
NOKIA.................................................................6.72
ORANGE............................................................15.86
ROY.PHILIPS.......................................................24.11
SAFRAN............................................................58.94
SAINT GOBAIN..................................................36.92
SANOFI .............................................................76.88
SAP...................................................................72.49
SCHNEIDER ELECTRIC........................................48.53
SIEMENS N.......................................................90.60
SOCIETE GENERALE...........................................35.75
TELEFONICA........................................................9.49
TOTAL ...............................................................39.65
UNIBAIL-RODAMCO ........................................229.70
UNICREDIT..........................................................3.89
UNILEVER CERT.................................................39.76
VINCI ................................................................61.37
VIVENDI.............................................................19.75
VOLKSWAGEN VZ.............................................112.30
0.13
0.10
-0.60
0.40
-0.36
-0.01
0.14
0.40
-0.45
0.14
0.48
0.87
-0.01
-0.01
0.21
0.51
-0.64
-0.09
0.37
0.05
0.21
0.27
-0.35
-0.32
-0.46
0.04
0.14
0.03
0.04
0.45
1.00
0.05
0.08
0.06
1.39
-0.32
0.32
0.49
-0.19
1.44
7.19
0.84
0.08
1.13
-0.65
0.15
0.11
-0.26
0.13
1.55
123.95
68.50
170.15
124.20
104.85
26.02
6.95
97.22
146.45
9.67
123.75
61.00
32.49
96.07
66.50
33.42
31.19
17.57
14.46
4.50
20.08
17.66
125.15
70.00
19.21
6.57
35.38
16.00
3.65
181.30
176.60
206.50
7.89
16.98
28.00
72.45
44.84
101.10
75.75
75.29
106.35
48.77
13.91
47.38
262.00
6.61
42.84
62.60
24.83
262.45
90.77
46.56
131.05
87.73
70.25
20.12
3.70
59.00
98.64
5.55
72.05
42.14
23.17
62.06
51.73
16.03
22.21
13.39
7.08
3.49
13.61
12.01
93.87
46.20
13.88
5.47
25.46
10.23
2.47
140.40
130.75
156.00
5.07
12.21
20.48
54.00
34.98
70.94
53.91
45.57
77.91
33.69
8.74
35.25
212.30
3.61
32.86
46.39
18.10
86.36
/ 1.3205
0.0077 /$ 1.0824
0.0026
16167.23
282.01
4567.67
49.18
1903.63
26.55
/$ 1.4348
0.0105 / 0.7577
0.0040
/ 169.99
1.4111
/ 128.72
0.3057
1.0
1.0
47.5
11.0
0.3
296.4
956.0
915.0
2280.0
1042.0
201.9
817.2
713.0
1947.0
828.0
-2.0
-4.5
-8.2
3.0
-1.3
611.0
787.3
421.0
1219.0
520.0
425.0
499.6
305.6
863.5
287.1
4.3
-1.3
-10.6
1.4
3.6
0.0
-0.2
431.8
330.0
449.6
358.5
451.3
399.0
96.0
260.2
119.7
262.0
247.7
281.0
256.3
64.9
GENERAL INDUSTRIALS
Rexam . . . . . . . . . . . . .606.0
RPC Group . . . . . . . . . . .745.0
Smith (DS) . . . . . . . . . .362.6
Smiths Group . . . . . . . .894.5
Vesuvius . . . . . . . . . . . .293.7
GENERAL RETAILERS
AA . . . . . . . . . . . . . . . . .287.5
AO World . . . . . . . . . . . .150.6
Auto Trader Group . . . .383.0
B&M European Valu . . .274.8
Brown (N.) Group . . . . .302.4
Card Factory . . . . . . . . .348.7
Debenhams . . . . . . . . . . .77.3
3.0
-0.5
-1.6
-0.4
-4.0
-0.8
0.0
3.5
-2.0
1.4
1708.0
670.0
398.9
414.3
271.3
180.0
1059.0
1093.0
759.0
526.5
1385.0
446.3
275.0
311.7
210.4
155.0
769.4
793.0
579.5
388.1
1.3
0.0
0.7
1.5
-0.5
18.5
3.5
-0.5
571.5
199.5
294.4
240.3
922.0
1752.0
1023.0
499.9
428.4
133.1
228.5
149.4
804.0
1262.0
829.5
349.6
LIFE INSURANCE
Aviva . . . . . . . . . . . . . . .465.3
Just Retirement G . . . . .149.0
Legal & General G . . . . .235.4
Old Mutual . . . . . . . . . . .156.2
Phoenix Group Hol . . . .849.5
Prudential . . . . . . . . . .1319.0
St James's Place . . . . . .912.5
Standard Life . . . . . . . . .357.9
MINING
Acacia Mining . . . . . . . .189.0 12.0
Anglo American . . . . . .253.4 26.8
Antofagasta . . . . . . . . .378.0 14.8
BHP Billiton . . . . . . . . . .665.5 25.7
Centamin (DI) . . . . . . . . .66.4 1.9
Fresnillo . . . . . . . . . . . .694.5 36.5
Glencore . . . . . . . . . . . . . .87.1 6.3
Polymetal Interna . . . .548.0 12.5
Randgold Resource . .4820.0 224.0
Rio Tinto . . . . . . . . . . .1688.5 79.5
Vedanta Resources . . . .207.0 -1.3
311.2 156.6
1259.0 215.6
807.5 346.1
1643.5 580.9
70.1 51.6
910.0 588.0
314.9 68.6
614.0 427.1
5685.0 3625.0
3237.5 1570.5
675.0 198.4
MOBILE TELECOMS
Inmarsat . . . . . . . . . . .1065.0 -5.0 1148.0 834.0
Vodafone Group . . . . . .218.7 0.2 255.4 203.8
13.2
6.4
2.7
-7.8
1.3
24.0
18.5
15.6
1199.5
484.2
208.3
627.0
170.9
2211.5
2304.0
429.8
812.6
322.9
127.2
285.9
76.4
1266.0
1277.5
118.2
11.8
11.1
7.7
6.8
6.8
6.0
5.6
5.6
5.5
5.4
PZ Cussons . . . . . . . . . . . . . . . . .249.3
Ocado Group . . . . . . . . . . . . . . .262.3
easyJet . . . . . . . . . . . . . . . . . . .1579.0
Shire Plc . . . . . . . . . . . . . . . . . .4123.0
CLS Holdings . . . . . . . . . . . . . . .1560.0
Zoopla Property Gr . . . . . . . . . .209.2
Auto Trader Group . . . . . . . . . . .383.0
Mondi . . . . . . . . . . . . . . . . . . . .1160.0
Nostrum Oil & Gas . . . . . . . . . . .288.2
Genus . . . . . . . . . . . . . . . . . . . . .1397.0
-8.9
-3.4
-3.2
-2.9
-2.8
-2.7
-2.7
-2.7
-2.6
-2.5
MEDIA
662.5 452.5
2848.0 1760.0
3757.0 2376.0
1201.0 811.0
591.0 372.3
2135.0 1555.0
6418.0 5488.0
499.2 277.3
205.0 133.4
INDUSTRIAL ENGINEERING
Bodycote . . . . . . . . . . .546.5
IMI . . . . . . . . . . . . . . . . .786.0
Melrose Industrie . . . . .281.0
Rotork . . . . . . . . . . . . . . .169.1
Spirax-Sarco Engi . . .2966.0
Weir Group . . . . . . . . . .854.5
PERSONAL GOODS
0.5
1.7
4.5
-3.0
0.5
Centrica . . . . . . . . . . . . .206.7
National Grid . . . . . . . .948.0
Pennon Group . . . . . . .882.5
Severn Trent . . . . . . . .2126.0
United Utilities . . . . . . .924.0
1191.0 814.0
61.8 49.2
934.5 479.0
1212.0 1060.0
401.6 279.9
Clarkson . . . . . . . . . . .2038.0 13.0 2797.0 1866.0
Royal Mail . . . . . . . . . . .453.3 5.0 527.0 420.3
EU SHARES
142.4
821.0
139.0
242.5
223.7
273.0
139.2
387.5
S&P 500
NASDAQ
DFS Furniture . . . . . . . . .315.0 -7.1 349.0 255.0
Dignity . . . . . . . . . . . .2278.0 21.0 2621.0 1824.0
Dixons Carphone . . . . .456.5 -10.6 500.0 407.0
Dunelm Group . . . . . . . .851.5 -5.0 1004.0 820.0
Halfords Group . . . . . . .370.0 2.2 561.0 315.0
Home Retail Group . . . .148.8 -0.6 208.0 89.7
Inchcape . . . . . . . . . . . .733.0 -7.0 894.0 693.5
JD Sports Fashion . . . .1135.0 0.0 1139.0 470.5
Just Eat . . . . . . . . . . . . .420.5 -3.4 494.9 331.4
Kingsher . . . . . . . . . . .317.4 -6.5 383.0 312.1
Lookers . . . . . . . . . . . . .159.0 -2.0 185.0 143.5
Marks & Spencer G . . . .420.7 2.9 596.5 408.8
Next . . . . . . . . . . . . . . .6810.0 10.0 8015.0 6525.0
Pendragon . . . . . . . . . . .40.6 -0.7 49.0 34.5
Pets at Home Grou . . . .258.1 -4.7 311.2 213.5
Poundland Group . . . . .144.0 -1.4 418.9 141.7
Saga . . . . . . . . . . . . . . . .194.7 -0.8 221.5 167.0
Sports Direct Int . . . . . . .417.5 -1.5 817.5 390.0
Ted Baker . . . . . . . . . .2765.0 -34.0 3555.0 2306.0
WH Smith . . . . . . . . . .1792.0 -25.0 1817.0 1272.0
DOW JONES
7.0
21.0
2.8
3.3
-16.0
11.0
786.0 494.0
1445.0 748.0
307.3 242.7
265.1 155.1
3569.4 2750.0
2024.0 789.5
INDUSTRIAL TRANSPORTATION
BBA Aviation . . . . . . . . .163.5 2.4
255.1 150.2
1349.0
184.5
85.5
162.0
326.3
1261.0
11.5
130.5
49.3
630.5
196.8
280.7
172.8
377.1
1508.0
1220.0
4173.0
1141.0
515.0
206.0
576.0
204.0
1611.0
278.0
856.0
144.3
59.0
114.6
140.9
885.5
9.1
106.5
35.0
508.5
128.0
220.0
35.6
243.4
657.5
1011.0
2325.0
919.0
340.0
128.0
469.6
139.0
1304.0
165.5
4863.0 3903.5
808.5 520.5
353.5 246.0
1110.0 846.0
1620.0 1224.0
1642.0 1237.5
2574.0 1886.0
266.4 150.3
5730.0 3925.0
188.5 141.0
47.00
0.75
-10.00
-22.00
10.00
0.25
0.49
-4.40
BoE IR Overnight.........................................0.500
BoE IR 7 days..............................................0.500
BoE IR 1 month...........................................0.500
BoE IR 3 months.........................................0.500
BoE IR 6 months ........................................0.500
LIBOR Euro - overnight...............................-0.281
LIBOR Euro - 12 months ..............................0.020
LIBOR USD - overnight ................................0.366
LIBOR USD - 12 months .................................1.153
Halifax mortgage rate ................................3.990
473.4
2010.0
599.0
6595.0
148.7
254.0
1220.0
986.5
493.6
93.5
702.5
356.6
1520.0
331.9
5335.0
129.5
190.8
1039.0
707.0
365.0
79.6
489.9
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-3.5
-2.0
-17.0
-10.0
-1.5
0.3
-5.0
-6.0
-0.3
-0.5
1.1
847.0 605.0
886.0 696.5
3880.0 3127.0
889.5 736.5
705.5 550.0
128.2 108.0
376.4 283.1
1363.0 1060.0
171.5 153.0
59.7 45.8
463.8 405.5
CAC 40. . . . . . . . . . . . . . . . . . . . . . . 4356.81
Swiss Market Index . . . . . . . . . . . . 8314.47
ISEQ Overall Index . . . . . . . . . . . . . 6377.23
FTSEurorst 300 . . . . . . . . . . . . . . . 1335.90
45.48
61.13
50.17
13.29
1.05
0.74
0.79
1.00
4178.0 1569.0
131.7 78.4
3907.0 2872.0
597.0 421.2
1219.0 991.0
1095.0 660.5
1915.0 1544.0
136.0 90.0
127.7 91.0
2713.0 2330.0
977.5 772.0
2880.0 2209.0
617.0 484.2
140.0 93.4
176.0 144.2
470.7 365.9
600.5 385.0
475.3 262.9
334.4 255.5
Rank Group . . . . . . . . . .275.2 -3.6 295.5 165.0
Restaurant Group . . . . .521.5 -4.5 738.5 495.7
Stagecoach Group . . . .275.3 -1.6 419.6 261.2
Thomas Cook Group . . .108.7 1.0 161.3 98.4
TUI AG Reg Shs (D . . . .1208.0 -9.0 1271.0 1007.0
Wetherspoon (J.D. . . . .650.5 15.5 819.5 609.0
Whitbread . . . . . . . . . .3891.0 -38.0 5440.0 3874.0
William Hill . . . . . . . . . .377.8 0.3 425.3 314.8
Wizz Air Holdings . . . .1861.0 -11.0 2047.0 1340.0
AIM 50
Abcam . . . . . . . . . . . . .642.5 0.0
Advanced Medical . . . .173.0 3.0
Alternative Netwo . . . .459.5 -3.5
Amerisur Resource . . . . .20.5 0.5
Arbuthnot Banking . .1445.0 0.5
ASOS . . . . . . . . . . . . . .3139.0 -8.0
Avanti Communicat . . .107.5 -11.8
Brooks Macdonald . . .1775.0 -8.0
Camellia . . . . . . . . . . .9025.0 -49.0
Clinigen Group . . . . . . .635.5 5.5
Conviviality . . . . . . . . . .207.0 3.0
CVS Group . . . . . . . . . . .813.0 36.5
Dart Group . . . . . . . . . .560.0 -9.5
Earthport . . . . . . . . . . . .28.3 0.0
EMIS Group . . . . . . . . . .980.0 -0.5
Fevertree Drinks . . . . . .658.0 18.0
First Derivatives . . . . .1525.0 -15.0
Gamma Communicati .413.0 -1.8
GB Group . . . . . . . . . . .240.0 -7.0
Gemelds . . . . . . . . . . . .46.5 -1.5
Gooch & Housego . . . . .875.5 2.8
GW Pharmaceutical . . .316.8 -14.0
Iomart Group . . . . . . . .225.0 4.5
James Halstead . . . . . .426.3 10.6
Johnson Service G . . . . .86.3 -0.3
M&C Saatchi . . . . . . . . .308.3 -0.8
M. P. Evans Group . . . . .382.4 -0.1
Majestic Wine . . . . . . . .350.0 2.0
Mulberry Group . . . . . .963.0 -11.5
Nichols . . . . . . . . . . . . .1183.0 -18.0
Numis Corporation . . . .227.0 6.3
Patisserie Holdin . . . . .386.5 5.5
Pinewood Group . . . . .426.0 1.0
Polar Capital Hol . . . . .400.3 7.3
Quadrise Fuels In . . . . . . .11.4 0.0
Redcentric . . . . . . . . . . .183.3 -0.8
Redde . . . . . . . . . . . . . .182.0 3.0
Renew Holdings . . . . . .384.5 -0.8
RWS Holdings . . . . . . . .194.3 1.3
Scapa Group . . . . . . . . .194.3 2.0
Secure Trust Bank . . . .3100.0 0.0
Sirius Minerals . . . . . . . . .14.0 0.5
Smart Metering Sy . . . .370.5 8.3
Staffline Group . . . . . .1295.0 -5.0
Telford Homes . . . . . . . .361.8 5.0
Telit Communicati . . . .206.0 4.0
Thorpe (F.W.) . . . . . . . .209.8 -0.3
Vernalis plc . . . . . . . . . . .56.0 -1.0
Vertu Motors . . . . . . . . . .70.0 -0.3
Watchstone Group . . . .250.0 0.0
Young & Co's Brew . . .1092.0 -13.5
667.0 424.8
184.5 127.3
541.0 405.0
38.8 17.3
1625.0 1335.0
4194.0 2473.0
264.0 105.5
2040.0 1320.0
9880.0 8851.5
761.0 491.0
223.5 131.5
840.0 455.0
588.5 275.5
47.0 24.8
1155.0 832.5
666.0 195.0
1578.0 1094.0
463.0 253.5
283.8 155.0
68.3 35.5
929.0 657.0
696.0 299.0
307.5 169.3
520.0 317.0
92.8 68.3
395.0 290.0
438.5 345.5
471.3 296.0
999.0 845.0
1492.0 1055.0
276.3 202.0
450.0 260.0
487.5 415.0
479.5 350.3
21.0 9.2
197.5 136.5
210.3 93.8
405.0 240.5
225.5 119.5
220.8 130.5
3385.0 2740.0
24.0 7.0
383.5 305.5
1623.0 730.0
492.0 347.8
356.0 180.0
244.5 135.0
86.5 44.9
78.5 54.0
326.0 67.0
1310.0 970.0
US SHARES
0.00
0.00
-0.01
-0.01
0.00
-1.65
0.00
0.47
0.02
1.51
WORLD INDICES
1719.0 770.0
1217.0 883.0
1656.0 1238.0
1145.0 878.0
1157.0 969.0
1950.0 1671.0
1326.0 1093.0
370.4 265.2
5995.0 3528.0
865.5 608.0
251.9 172.5
1064.0 722.5
1255.0 1022.0
308.8 210.0
858.5 619.5
172.8 113.4
444.6 326.0
531.0 411.2
663.0 448.5
2873.0 2268.0
560.5 379.4
335.6 269.6
656.0 334.6
1091.0 799.5
354.6 200.2
161.9 120.7
184.4 79.8
211.2 119.0
2260.0 1759.9
4384.0 3272.0
316.8 276.0
1307.0
640.0
1758.0
1052.0
195.3
663.5
461.9
224.6
7.00
0.11
0.81
9.90
-10.00
17.00
190.00
10.25
37.25
2319.0
879.0
2478.0
1610.0
324.4
924.0
614.0
289.7
SUPPORT SERVICES
Aggreko . . . . . . . . . . . . .817.5 21.5
Ashtead Group . . . . . . .964.0 -6.0
Atkins (WS) . . . . . . . . .1436.0 -10.0
Babcock Internati . . . . .920.5 0.5
Berendsen . . . . . . . . .1069.0 1.0
Bunzl . . . . . . . . . . . . . .1800.0 -3.0
Capita . . . . . . . . . . . . . .1167.0 2.0
Carillion . . . . . . . . . . . . .275.1 3.0
DCC . . . . . . . . . . . . . . . .5135.0 50.0
Diploma . . . . . . . . . . . .670.5 -10.0
Electrocomponents . . . .217.8 2.8
Essentra . . . . . . . . . . . .726.0 -14.5
Experian . . . . . . . . . . . .1153.0 -6.0
G4S . . . . . . . . . . . . . . . . .217.4 -0.6
Grafton Group Uni . . . . .671.5 0.5
Hays . . . . . . . . . . . . . . . .124.8 0.5
Homeserve . . . . . . . . . .390.4 2.4
Howden Joinery Gr . . . .487.4 -0.5
Interserve . . . . . . . . . . .459.5 8.5
Intertek Group . . . . . .2752.0 -28.0
Michael Page Inte . . . . .397.6 1.6
Mitie Group . . . . . . . . . .274.8 -2.0
Northgate . . . . . . . . . . .338.0 -1.4
PayPoint . . . . . . . . . . . .829.0 3.0
Regus . . . . . . . . . . . . . .291.9 -1.7
Rentokil Initial . . . . . . . .154.7 0.7
Serco Group . . . . . . . . . .82.5 0.1
SIG . . . . . . . . . . . . . . . . .137.0 3.6
Travis Perkins . . . . . . . .1791.0 2.0
Wolseley . . . . . . . . . . .3411.0 -15.0
Worldpay Group (W . . .302.7 -2.1
COMMODITIES
971.0 778.0
132.0 109.8
987.0 787.0
Rise | Shine
Gold.............................................................1113.60
Silver ..............................................................14.33
Brent Crude....................................................31.69
Krugerrand.................................................1120.20
Palladium ...................................................494.00
Platinum......................................................841.00
Tin Cash Official ........................................13937.50
Lead Cash Official.......................................1638.50
Zinc Cash Official.........................................1551.50
-7.5
0.1
-12.0
TOBACCO
Shaftesbury . . . . . . . . . .837.5
Tritax Big Box Re . . . . . .131.6
Workspace Group . . . .806.0
Hang Seng. . . . . . . . . . . . . . . . . . 18860.80
Shanghai Composite . . . . . . . . . . . 2749.79
Straits Times. . . . . . . . . . . . . . . . . . 2545.61
Sao Paulo Bovespa. . . . . . . . . . . . 37497.48
-479.34
-188.73
-37.03
-533.74
-2.48
-6.42
-1.43
-1.40
3M...................................................................144.78
ALLERGAN.....................................................294.60
ALPHABET-A...................................................733.79
ALPHABET-C...................................................713.04
ALTRIA GROUP.................................................58.96
AMAZON.COM .................................................601.25
AMERICAN EXPRESS ........................................55.09
AMGEN............................................................153.78
APPLE..............................................................99.99
AT&T.................................................................35.40
BANK OF AMERICA ............................................13.31
BERKSHIRE HATHAWY-B ................................125.89
BOEING CO.......................................................128.01
BRISTOL-MYERSSQUIBB...................................62.69
CATERPILLAR ....................................................59.16
CHEVRON..........................................................84.12
CISCO SYSTEMS.................................................23.72
CITIGROUP ......................................................40.50
COCA-COLA CO.................................................42.08
COMCAST-A......................................................54.84
CVS HEALTH.....................................................94.04
DU PONT NEMOURS&CO...................................53.46
EXXON MOBIL...................................................76.70
FACEBOOK-A ....................................................97.34
GENERAL ELECTRIC............................................28.31
GILEAD SCIENCES..............................................92.21
GOLDMAN SACHS GROUP ...............................154.45
HOME DEPOT ..................................................122.20
IBM .................................................................122.59
INTEL................................................................29.94
JOHNSON & JOHNSON......................................101.18
JPMORGAN CHASE ...........................................57.08
MCDONALD'S ..................................................120.43
MEDTRONIC......................................................75.59
MERCK ..............................................................51.45
MICROSOFT........................................................52.17
NIKE -B-.............................................................61.11
ORACLE.............................................................35.23
PEPSICO...........................................................96.32
PFIZER..............................................................30.67
PHILIP MRRS INT ...............................................87.31
PROCTER&GAMBLE...........................................78.81
TRAVLR COMP.................................................103.25
TWITTER ............................................................17.01
UNITEDHEALTH GROUP ...................................113.96
UTD TECHNOLOGIES .........................................85.65
VERIZON COMM ...............................................48.25
VISA-A..............................................................71.88
WAL-MART STORES.........................................64.00
WALT DISNEY-DISNEY......................................96.27
WELLS FARGO..................................................48.26
7.21
-1.35
0.17
1.37
0.56
4.72
0.07
0.35
0.55
0.40
0.35
1.76
4.00
-0.23
1.25
3.23
0.55
0.95
-0.08
0.63
-0.03
0.47
2.72
0.33
0.27
1.60
3.33
0.49
0.51
0.34
4.78
1.42
1.23
-0.11
0.53
0.38
0.41
0.89
0.38
0.17
0.63
1.96
1.17
-0.01
0.58
0.75
1.22
0.14
0.55
0.98
0.60
170.50
340.34
798.69
779.98
61.74
696.44
86.18
181.81
134.54
36.45
18.48
151.63
158.83
70.87
89.62
112.93
30.31
60.95
43.91
64.99
113.65
76.49
93.45
110.65
31.49
123.37
218.77
135.47
176.30
36.30
105.49
70.61
121.90
79.50
63.02
56.85
68.20
45.24
103.44
36.46
90.27
87.21
116.48
53.49
126.21
124.45
50.86
81.01
88.46
122.08
58.77
134.00
237.50
503.48
499.83
47.31
299.33
54.14
130.09
92.00
30.97
12.94
123.90
115.14
51.82
56.36
69.58
22.47
39.44
36.56
50.01
81.37
47.11
66.55
72.00
19.37
86.00
151.12
92.17
118.00
24.87
81.79
50.07
87.50
55.54
45.69
39.72
45.35
33.13
76.48
28.47
75.27
65.02
95.21
15.48
95.00
83.39
38.06
60.00
56.30
90.00
46.88
CITYAM.COM
FEATURE 19
PERSONAL FINANCE
GET-OUT CLAUSE
There are some positives. Giving people a get-out clause could make annuities more attractive, says Andy James
of Towry.
Im not convinced
that anyone is
going to come out
and actually do
this
ADVICE
A FAIR PRICE
THE BUYERS
20
FEATURE
CITYAM.COM
OFFICE POLITICS
FLY
RIGHT
SeatGuru
Free
DEMAND AN UPGRADE
If you travel often, you may want to take
Jet-set? Travelling
can dent your
work
performance
considerably
PRE-FLIGHT CHECKS
Many business travellers would willingly forgo pre-flight perks and a smarter
suite to arrive at their meeting feeling
refreshed and prepared.
Make sure the bases are covered
before you fly. WiFi may be intermittent
Created by
TripAdvisor,
SeatGuru
features the
widest selection
of aeroplane
seat maps (700
maps from
around 100
airlines) to
ensure you bag
the best seat onboard when you
book a plane
ticket through
the app.
Crowdsourced
seat
suggestions,
airline advice
and amenity
information are
available. Users
can also set up
alerts to monitor
their flights
arrival and
departure times.
CITYAM.COM
MOTORING
THE FACTS
134,500
3.2 SECS
204MPH
287G/KM
23.0MPG
THE VERDICT
DESIGN
PERFORMANCE
PRACTICALITY
VALUE
hhhhi
hhhhh
hhhii
hhhhi
MCLAREN 570S
PRICE:
143,250
0-62MPH:
3.1 SECS
TOP SPEED:
204MPH
CO2 G/KM:
249G/KM
MPG COMBINED: 26.6XMPG
THE VERDICT:
DESIGN
PERFORMANCE
PRACTICALITY
VALUE
MERCEDES AMG GT
hhhhh
hhhhh
hhhii
hhhii
PRICE:
0-62MPH:
TOP SPEED:
CO2 G/KM:
MPG COMBINED:
110,500
3.8 SECS
193MPH
219G/KM
30.1MPG
THE VERDICT:
DESIGN
PERFORMANCE
PRACTICALITY
VALUE
hhhhi
hhhhi
hhhii
hhhhi
PRICE:
0-62MPH:
TOP SPEED:
CO2 G/KM:
MPG COMBINED:
127,670
3.0 SECS
198MPH
212G/KM
31.0MPG
THE VERDICT:
DESIGN
PERFORMANCE
PRACTICALITY
VALUE
hhhii
hhhhh
hhhhi
hhhii
22
SPORT
SPORT
FOOTBALL
Townsend set
for 12m move
to Newcastle
ROSS MCLEAN
TOTTENHAM exile Andros Townsend
is poised to complete a move to
relegation-threatened Newcastle
after the two clubs agreed a 12m fee
for his services yesterday.
The 24-year-old, who has won 10
England caps, has made just three
Premier League appearances for
Spurs this season and has not
featured since their Europa League
clash with Anderlecht on 22 October.
He was dropped from Tottenhams
senior squad for games against
Anderlecht and Arsenal in November
following a row with the clubs
fitness coach Nathan Gardiner.
Townsend is set to become
Newcastles third signing of the
January transfer window after
midfielders Jonjo Shelvey and Henry
Saivet joined for a combined fee in
the region of 17m. A 12m outlay
would take Newcastles spending to
81m since former England manager
Steve McClarens appointment last
summer, an expenditure totally at
odds with owner Mike Ashleys
previous spending policy.
Spurs centre-half Jan Vertonghen,
meanwhile, faces a lengthy spell on
the sidelines after damaging a
medial knee ligament during
Saturdays win at Crystal Palace.
FOOTBALL
Adebayor: Let
me laugh and I
will score goals
ROSS MCLEAN
NEW signing Emmanuel Adebayor
has vowed to score the goals that fire
Crystal Palace to a top-six finish -- but
only if he is allowed to laugh -- after
joining the Eagles on a free transfer
until the end of the season yesterday.
The 31-year-old was released by
Tottenham in September having
failed to impress manager Mauricio
Pochettino, who omitted the ex-Togo
frontman from both his Premier
League and Europa League squads.
Whatever the team want to
achieve, I will follow them and help
them win games, said Adebayor.
They are a couple of points [six]
from the top five. I know it is going
to be very difficult because they have
a lot of big games to play.
But lets get out there, have fun
on the pitch and enjoy ourselves.
Everyone who knows Emmanuel
Adebayor will tell you that in a hard
moment or a good moment he is
always laughing.
Let me laugh, let me enjoy myself
and hopefully I can bring that into
the dressing room and the team will
follow and hopefully we will get to
where we want to get to.
Palace strikers Fraizer Campbell,
Dwight Gayle, Connor Wickham and
Marouane Chamakh have managed
just one league goal between them
this season.
Klopp vows
to seal first
Reds trophy
CAPITAL ONE CUP
LIVERPOOL
STOKE CITY
0
1
ROSS MCLEAN
LIVERPOOL boss Jurgen Klopp has
vowed to win the Capital One Cup and
deliver a trophy in his first year in the
Anfield hotseat after edging past
Stoke in last nights semi-final courtesy a tense sudden-death penalty
shoot-out victory.
Oft-maligned Reds goalkeeper
Simon Mignolet turned centre-half
Marc Muniesas spot-kick around the
post before midfielder Joe Allen kept
his nerve to send eight-time winners
Liverpool to a 12th League Cup final.
An enterprising Stoke had earlier
taken the tie to extra-time following
Marko Arnautovics first-half strike
but a first League Cup final since 1972
proved elusive. Liverpool will play the
winners of tonights tussle between
Manchester City and Everton on 28
February as they bid to lift their first
trophy since 2012.
Manchester City or Everton, I dont
care, we will win the cup, said Klopp.
If you have the opportunity to win
a trophy, you should not waste time,
you should take it. You should try
everything to get it. You need the players for this and they are ready to fight.
We are in the final and we will be
ready and try everything to get silverware for the Liverpool museum. It
would be great. But we have to do a
FOOTBALL
FOOTBALL
COMMENT
Trevor
Steven
between Mourinho and his Chelsea
players apparently deteriorated to a
fatal extent just months after he led
them to the Premier League title. Did
the Portuguese start to believe in his
own infallibility? I dont know. I do
know that his chastening experience
this season is one that he had not
encountered before.
It does not change the fact that
Mourinho became champion just last
summer in his second season back at
BLIP
CITYAM.COM
SPORT
23
CRICKET
Hales, Compton
and Taylor face
axe, says Cook
ROSS MCLEAN
TENNIS
James Taylor did not convince skipper Alastair Cook during the South Africa series
IN BRIEF
RESULTS
FOOTBALL
CRICKET
FOURTH TEST MATCH
South Africa v England
(Day 5 of 5)
CENTURION: South Africa beat England by 280 runs
SOUTH AFRICA: First Innings 475 (de Kock 129no,
Cook 115, Amla 109, Stokes 4-86)
ENGLAND: First Innings 342 (Root 76, Cook 76, Ali 61,
Rabada 7-112)
SOUTH AFRICA: Second Innings 248-5 dec.
(Amla 96, Bavuma 78no)
TENNIS
AUSTRALIAN OPEN (Melbourne, Australia)Mens
Singles Qtr-finals: (1) N Djokovic (Ser) bt (7) K Nishikori
(Jpn) 6-3 6-2 6-4, (3) R Federer (Swi) bt (6) T Berdych (Cze)
7-6 (7-4) 6-2 6-4.
Womens Singles Qtr-finals: (1) S Williams (USA) bt (5) M
Sharapova (Rus) 6-4 6-1, (4) A Radwanska (Pol) bt (10) C
Suarez Navarro (Spa) 6-1 6-3.
Selected Mens Doubles Qtr-finals: (7) J Murray (Gbr) &
B Soares (Bra) bt (13) R Klaasen (Rsa) & R Ram (USA) 6-7
(3-7) 6-4 7-6 (7-3).
TODAYS DIARY
(7.45pm unless stated)