London Finance
& Investment Group P.L.C.
(the ‘Company’)
Unaudited Interim
Results for the six months ended 31st December 2017 and dividend declaration
The Company today announces its unaudited interim results and
dividend declaration for the six months ended 31st
December 2017 (the ‘Interim
Statement’).
Chairman’s Statement
Introduction
As an investment company our target is to achieve growth in
shareholder value in real terms over the medium to long term.
In the short term our results can be influenced by overall stock
market performance, particularly the valuation of our Strategic
Investments. We continue to believe that a combination of
Strategic Investments and a General Portfolio is the most effective
way of achieving our aims. Strategic Investments are
significant investments in smaller UK quoted companies where we
have expectations of above average growth over the medium to longer
term and these are balanced by a General Portfolio which consists
of investments in major U.S., U.K. and European equities.
At 31st December 2017,
we held two Strategic Investments: Western Selection P.L.C., and
Finsbury Food Group plc. Detailed comments on our Strategic
Investments are given below.
Change in
accounting policies
The Board has adopted IFRS 9, and the comparatives in the income
statement have been restated to reflect the resulting change in
accounting policy. Strategic investments are a fundamental
part of the Company’s investment strategy to secure long term
capital appreciation and by their very nature the investments are
largely illiquid. Consequently, the directors have elected to
present the unrealised changes in value of these specific
investments as part of other comprehensive income as it better
reflects the underlying performance of the Company within its
primary statements. This does not change the basis of
valuation or the amounts reported in the statement of financial
position. The effect of the change in accounting policy is
further described in Note 1 below.
Results
Our net assets per share increased 1.8% to 66.8p at
31st December 2017 from
65.6p at 30th June 2017. Our Strategic Investments
decreased in value by 0.8% during the period. Our General
Portfolio increased by 4.9%, compared with increases of 5.1% and
2.5% in the FTSE 100 index and the FTSEurofirst 300 Index
respectively, over the half year. At the close of
business on 31st January
2018, our net asset value was 67.1p per share.
The Group profit before tax for the half year was £615,000
compared to a restated profit of £426,000 for the same period last
year. Our total comprehensive income after tax and minority
interest was £524,000 (2016: £1,247,000 restated) giving earnings
per share of 1.8p (2016: 0.2p restated).
On 4th October 2017, the Company entered into an
interest rate swap agreement with Coutts & Co, expiring on
30th September 2022, in
the sum of £1,500,000 at a fixed rate of 1.06% per annum over base
rate and margin, with a view to providing insurance against rising
interest rates.
Strategic Investments
Western Selection P.L.C.
(“Western”)
The Group owns 7,860,515 Western shares, representing 43.8% of
Western’s issued share capital. Western is a strategic investment
which is technically a subsidiary of the Company that has not been
consolidated due to the application of the investment entity
exemption under IFRS 10.
On 5th February 2018,
Western announced a profit before tax of £170,000 for its half year
to 31st December 2017 and
earnings per share of 0.91p (2016: earnings per share of
2.5p). Western’s net assets at market value were £17,115,000
equivalent to 95p per share. Western also announced an interim
dividend of 1.1p per share (2016: 1.1p per share).
The market value of the Company’s investment in Western at
31st December 2017 was
£4,166,000 representing 20% of the net assets of Lonfin. The
underlying value of the investment in Western, valuing Western’s
own investments at market value, was £5,266,000 (30th
June 2017: £5,348,000).
I am the Chairman of Western and Edward
Beale is a non-executive director. Michael Robotham was a non-executive director of
Western until his resignation on 5th December 2017.
Western’s main Core Holdings are Northbridge Industrial Services
Plc, Swallowfield Plc, Bilby Plc and Tudor Rose International
Limited.
An extract from Western’s interim results announcement relating
to its main Core Holdings is set out below:
Core Holdings
Northbridge Industrial Service plc
(“Northbridge”)
Northbridge hires and sells specialist industrial equipment to a
non-cyclical customer base. With offices or agents in the UK,
USA, Dubai, Germany, Belgium, France, Australia, New
Zealand, Singapore,
Brazil, Korea and Azerbaijan, Northbridge has a global customer
base. This includes utility companies, the oil and gas sector,
shipping, construction and the public sector. The product range
includes loadbanks, transformers and oil tools. Further
information about Northbridge is available on its website:
www.northbridgegroup.co.uk
Northbridge’s latest results, for the half year to
30th June 2017, showed a
loss after tax of £2,308,000 for the period (2016: loss after tax
of £2,338,000). No interim dividend was declared (2016:
none).
Western owns 3,223,632 Northbridge shares, representing 12.45%
of Northbridge’s issued share capital. The market value of
this investment at 31st December
2017 was £2,966,000 (30th June 2017: £3,320,000), representing 17% (2016:
24%) of Western’s net assets.
I am a non-executive director of Northbridge.
Swallowfield plc (“Swallowfield”)
Swallowfield is a market leader in the development, formulation,
manufacture and supply of cosmetics, toiletries and related
household products for global brands and retailers operating in the
cosmetics, personal care and household goods market. Further
information about Swallowfield is available on its website:
www.swallowfield.com
Swallowfield announced its annual results for the 52 weeks ended
24th June 2017 in
September 2017 showing a profit after
tax of £2,572,000 compared to a profit of £2,001,000 for the
comparable period last year. Swallowfield paid a final
dividend of 3.5p per share in December
2017 which provided us with income of £52,500.
The market value of the Company’s holding of shares in
Swallowfield on 31st December
2017 was £4,950,000 (30th June 2017: £5,700,000), representing 29% of the
Company’s net assets.
Western owns 1,500,000 Swallowfield shares (representing 8.90%
of Swallowfield’s issued share capital).
Edward Beale is a non-executive
director of Swallowfield.
Bilby Plc (“Bilby”)
Bilby is an established, and award winning, provider of gas
installation, maintenance and general building services to local
authority and housing associations across London and South East England. It has a
strategy of growing organically and by acquisition. Further
information about Bilby is available on its website:
www.bilbyplc.com.
Bilby announced its interim results for the six month period to
30th September 2017 on
21st
November 2017 showing a loss after
tax of £1,966,000 (2016: loss after tax of £833,000). Bilby
will pay an interim dividend of 0.5p per share in January 2018 which will provide us with income of
£13,500.
Western owns 2,699,280 Bilby shares, which represent 6.8% of
Bilby’s issued share capital. The market value of the
Company’s holding in Bilby on 31st December 2017 was £3,051,000 representing 18% of
the Company’s net assets.
Tudor Rose International Limited
(previously Hartim Limited) (“Tudor Rose International”)
Tudor Rose International works closely with a number of leading
UK branded fast-moving consumer goods companies, offering a
complete sales, marketing and logistical service. Based in
Stroud, Gloucestershire, Tudor Rose International
sells into 78 countries worldwide including USA, Spain,
Portugal, Italy, Czech
Republic, Russia,
Turkey, South Africa, Saudi
Arabia, UAE, Malaysia,
Australia and China.
Our share of Tudor Rose International’s estimated results for
the period ended 31st December
2017 is a profit after tax of £81,000 (2016: profit after
tax of £57,000).
At 31st December 2017,
Western owned 49.5% of Tudor Rose International. The carrying
value of the Company’s equity investment in Tudor Rose
International on 31st December
2017 was £1,674,000 (2016: £654,000) representing 9.8% of
the Company’s net assets. In addition, loans of £191,756
(equivalent to a further 1% of the Company’s net assets) were
outstanding at 31st December
2017 from Tudor Rose International’s executive
directors.
Western has two nominees on the board of Tudor Rose
International: Edward Beale and I
are the directors.
Finsbury Food Group plc
(“Finsbury”)
Finsbury is one of the largest producers and suppliers of
premium cakes, bread and morning goods in the UK and currently
supplies most of the UK's major supermarket chains. Further
information about Finsbury, which is admitted to trading on AIM, is
available on its website: www.finsburyfoods.co.uk
At 31st December 2017,
Lonfin held 6,000,000 Finsbury shares, representing approximately
4.6% of Finsbury’s issued share capital. The market value of
the holding was £6,420,000 as at 31st December 2017 (cost - £1,724,000) and represents
approximately 31% (2016: 34%) of Lonfin’s net assets.
On 18th September 2017,
Finsbury announced audited profits on continuing operations after
tax and minority interests of £12,958,000 for the 52 weeks ended
1st July 2017 (2016:
£12,754,000).
Finsbury paid a final dividend of 2.0 per share, making 3.0p for
the year (2016: 2.8p). This provided the Company with further
income of £120,000.
General Portfolio
The portfolio is diverse with material interests in Food and
Beverages, Natural Resources, Chemicals and Tobacco. We
believe that the portfolio of quality companies we hold has the
potential to outperform the market in the medium to long term.
At 31st December 2017,
the number of holdings in the General Portfolio was 30 (2016:
26).
Board Change
On 31st January 2018, the Company announced the
appointment of Warwick Marshall to
the Board. His substantial business experience in the
development of the Monteagle Group in South Africa and particularly its trading
division will assist the Board in the assessment of the performance
of investments and will complement the skills and experience of
existing board members. He has extensive investment
experience in his private capacity and he now resides in Zug,
Switzerland.
Outlook
Although markets have shown resilience and strength over the
course of the last year, they are close to an all-time high. The
Board remains cautious about the potential impact of major
geo-political risks. Accordingly, the Board expects to see
continued volatility in the equity and currency markets. These may
have a material impact on the value of our investments.
The Board has declared an interim dividend of 0.55p per share
(2016: 0.55p).
6th February 2018
D.C. MARSHALL
Chairman
Interim Dividend
The Board recommends an interim gross dividend of 0.55p per
share (9.36442 SA cents) (2016: 0.55p) which will be paid on Friday
6th April 2018 to those
members registered at the close of business on Friday
16th March 2018 (SA and
UK). Shareholders on the South African register will receive their
dividend in SA Rand converted from sterling at the closing rate of
exchange on Thursday 1st February
2018 being GBP 1 = SA
Rand 17.02622.
In respect of the normal gross cash dividend, and in terms of
the South African Tax Act, the following dividend tax ruling only
applies to those shareholders who are registered on the South
African register on Friday 16th March 2018. All
other shareholders are exempt.
Shareholders registered on the South African register are
advised that the dividend withholding tax will be withheld from the
gross final dividend amount of 9.36442 SA cents per share at a rate
of 20% unless a shareholder qualifies for an exemption;
shareholders registered on the South African register who do not
qualify for an exemption will therefore receive a net dividend of
7.49154 SA cents per share. The dividend withholding tax and the
information contained in this paragraph is only of direct
application to shareholders registered on the South African
register, who should direct any questions about the application of
the dividend withholding tax to Computershare Investor Services
(Pty) Limited, Tel: +27 11 370 5000
-
The number of shares in issue now and
as at the dividend declaration date is 31,207,479;
-
The interim gross dividend in SA cents
is 9.36442 cents.
-
The dividend has been declared from
income reserves, which funds are sourced from the Company’s main
bank account in London and is
regarded as a foreign dividend by South African shareholders;
and
-
The Company’s UK Income Tax reference
number is 948/L32120.
Dividend dates:
Last day to trade (SA) |
Tuesday 13th March
2018 |
|
|
Shares trade ex-dividend (SA) |
Wednesday 14h March
2018 |
Shares trade ex-dividend (UK) |
Thursday 15th March
2018 |
Record date (SA and UK) |
Friday 16th March
2018 |
Pay date |
Friday 6th April
2018 |
Share certificates may not be de-materialised or re-materialised
between Wednesday 14th March
2018 and Friday 16th March
2018, both dates inclusive. Shares may not be transferred
between registers in London and
South Africa between Wednesday
14th March 2018 and Friday
16th March 2018, both
dates inclusive.
Statement of Directors’
responsibility
The Directors confirm that, to the best of their knowledge:
- the unaudited interim results for the six months ended
31st December 2017, have
been prepared in accordance with IAS 34 as adopted by the EU;
and
- the Interim Statement includes a fair review of the
information required by DTR 4.2.7R and DTR 4.2.8R of the Disclosure
and Transparency Rules.
Neither this Interim Statement nor any
future interim statements of the Company will be posted to
shareholders. The Interim Statement is available as
follows:
- on the Company’s website at
www.city-group.com/london-finance-investment-group-plc/; and
- by writing to City Group P.L.C., the Company Secretary, at 6
Middle Street, London EC1A
7JA
This Interim Statement contains inside information for the
purposes of Article 7 of EU Regulation 596/2014.
The Directors accept responsibility for the contents of this
Interim Statement.
For further information, please contact:
London Finance &
Investment Group P.L.C
Sponsor:
Sasfin Capital (a member of the Sasfin group). |
+44(0) 20 7796 9060
|
Consolidated Statement of Total Comprehensive Income
(Unaudited)
|
Half
year ended |
|
Year Ended |
|
31st December |
|
30th
June |
|
|
|
Restated |
|
Restated |
|
2017 |
|
2016 |
|
2017 |
|
£000 |
|
£000 |
|
£000 |
Operating Income |
|
|
|
|
|
Dividends received |
311 |
|
265 |
|
608 |
Rental and other income |
50 |
|
50 |
|
109 |
Profit on sales of investments,
including provisions |
26 |
|
3 |
|
3 |
|
387 |
|
318 |
|
720 |
Management service fees |
118 |
|
130 |
|
296 |
|
505 |
|
448 |
|
1,016 |
Administrative expenses |
|
|
|
|
|
Investment operations |
(229) |
|
(190) |
|
(352) |
Management services |
(162) |
|
(168) |
|
(389) |
Total administrative expenses |
(391) |
|
(358) |
|
(741) |
Operating profit |
114 |
|
90 |
|
275 |
|
|
|
|
|
|
Unrealised changes in the carrying
value of General Portfolio investments |
501 |
|
335 |
|
989 |
Interest payable |
(1) |
|
- |
|
(33) |
Profit before taxation |
615 |
|
425 |
|
1,231 |
Tax expense |
(49) |
|
(350) |
|
(121) |
Profit after taxation |
566 |
|
75 |
|
1,110 |
Non-controlling interest |
(3) |
|
(6) |
|
(7) |
Profit attributable
to shareholders |
563 |
|
69 |
|
1,103 |
|
|
|
|
|
|
Other comprehensive
income/(expense) –
Items that may subsequently be reclassified to profit or
loss |
|
|
|
|
|
Unrealised changes in the carrying
value of Strategic Investments |
(87) |
|
819 |
|
477 |
Profit on sale of strategic
investments |
- |
|
217 |
|
217 |
Deferred tax |
48 |
|
142 |
|
99 |
Corporation tax |
- |
|
- |
|
(238) |
Total other
comprehensive income |
(39) |
|
1,178 |
|
555 |
|
|
|
|
|
|
Total comprehensive
income attributable to shareholders |
524 |
|
1,247 |
|
1,658 |
|
|
|
|
|
|
Basic and Diluted earnings per
share |
1.8p |
|
0.2p |
|
3.5p |
Adjustment for the unrealised
changes in the carrying value of investments, net of tax |
(1.5)p |
|
(1.1)p |
|
(2.5)p |
Headline earnings per share |
0.3p |
|
(0.9)p |
|
1.0p |
|
|
|
|
|
|
Interim dividend |
0.55p |
|
0.55p |
|
0.50p |
Final dividend |
- |
|
- |
|
0.55p |
Total in respect of
the period |
0.55p |
|
0.55p |
|
1.05p |
Consolidated Statement of Changes in Shareholders’ Equity
(Unaudited)
|
Half
year ended |
|
Year ended |
|
31st December |
|
30th
June |
|
2017 |
|
2016 |
|
2017 |
|
£000 |
|
£000 |
|
£000 |
|
|
|
|
|
|
Total comprehensive income
attributable to shareholders |
531 |
|
1,247 |
|
1,658 |
Dividends paid to equity
shareholders |
(172) |
|
(171) |
|
(343) |
|
359 |
|
1,076 |
|
1,315 |
Equity shareholders’ funds at start
of period |
20,483 |
|
19,168 |
|
19,168 |
Equity shareholders’ funds at end of
period |
20,842 |
|
20,244 |
|
20,483 |
Consolidated Statement of Financial Position (Unaudited)
|
31st December |
|
30th
June |
|
2017 |
|
2016 |
|
2017 |
|
£000 |
|
£000 |
|
£000 |
Non-current assets |
|
|
|
|
|
Property, plant and equipment |
15 |
|
18 |
|
14 |
Strategic investments: - |
|
|
|
|
|
Finsbury Food Group
Plc |
6,420 |
|
7,320 |
|
6,900 |
Western Selection
P.L.C. |
4,166 |
|
3,694 |
|
3,773 |
|
10,601 |
|
11,032 |
|
10,687 |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
Listed investments |
11,295 |
|
8,836 |
|
10,766 |
Trade and other receivables |
63 |
|
178 |
|
220 |
Cash, at bank |
277 |
|
1,588 |
|
222 |
|
11,635 |
|
10,602 |
|
11,208 |
Total Assets |
22,236 |
|
21,634 |
|
21,895 |
|
|
|
|
|
|
Capital and Reserves |
|
|
|
|
|
Called up share capital |
1,560 |
|
1,560 |
|
1,560 |
Share premium account |
2,320 |
|
2,320 |
|
2,320 |
Unrealised profits and losses on
investments |
8,514 |
|
7,967 |
|
8,265 |
Share of retained
profits and losses of subsidiaries |
4,007 |
|
3,647 |
|
3,794 |
Company’s retained realised profits
and losses |
4,441 |
|
4,750 |
|
4,544 |
Total Capital and Reserves
attributable to owners |
20,842 |
|
20,244 |
|
20,483 |
|
|
|
|
|
|
Trade and other payables falling due
within one year |
483 |
|
479 |
|
486 |
Deferred taxation |
818 |
|
815 |
|
829 |
Non-controlling equity interest |
93 |
|
96 |
|
97 |
|
22,236 |
|
21,634 |
|
21,895 |
|
|
|
|
|
|
Net assets per share |
66.8p |
|
64.9p |
|
65.9p |
|
|
|
|
|
|
Number of shares in
issue |
31,207,479 |
|
31,207,479 |
|
31,207,479 |
Consolidated Statement of Cash Flows (Unaudited)
|
Half
year ended |
|
Year ended |
|
31st December |
|
30th
June |
|
|
|
Restated |
|
Restated |
|
2017 |
|
2016 |
|
2017 |
|
£000 |
|
£000 |
|
£000 |
Cash flows from operating
activities |
|
|
|
|
|
|
|
|
|
|
|
Profit before tax |
615 |
|
425 |
|
1,231 |
Adjustments for non-cash - |
|
|
|
|
|
Finance expense |
1 |
|
- |
|
33 |
Depreciation charges |
4 |
|
4 |
|
8 |
Unrealised changes in the fair value
of investments |
(501) |
|
(335) |
|
(989) |
Decrease/(Increase)in trade and
other receivables |
157 |
|
97 |
|
52 |
(Decrease)/Increase in trade and
other payables |
(3) |
|
(74) |
|
(66) |
Overseas Taxes paid |
(11) |
|
(7) |
|
(45) |
Net cash inflow from operating
activities |
262 |
|
110 |
|
224 |
|
|
|
|
|
|
Cash flows from investment
activity |
|
|
|
|
|
|
|
|
|
|
|
(Increase)/Decrease in current asset
investments |
(727) |
|
(1,376) |
|
(2,652) |
Disposal of investment |
698 |
|
2,438 |
|
2,438 |
Purchase of IT software |
(5) |
|
- |
|
- |
Net cash inflow/(outflow) from
investment activity |
(34) |
|
1,062 |
|
(214) |
|
|
|
|
|
|
Cash flows from
financing |
|
|
|
|
|
|
|
|
|
|
|
Interest paid |
(1) |
|
- |
|
(33) |
Equity dividends paid |
(172) |
|
(172) |
|
(343) |
Net cash outflow from
financing |
(173) |
|
(172) |
|
(376) |
|
|
|
|
|
|
(Decrease)/Increase in cash and
cash equivalents |
55 |
|
1,000 |
|
(366) |
Cash and cash equivalents at the
beginning of the year |
222 |
|
588 |
|
588 |
Cash and cash equivalents at end
of the year |
277 |
|
1,588 |
|
222 |
|
|
|
|
|
|
Reconciliation of net cash flow to
movement in net debt
|
At
start |
|
Cash |
|
At end
of |
|
of
Period |
|
Flow |
|
Period |
Half year
ended |
£000 |
|
£000 |
|
£000 |
31st
December 2017 |
|
|
|
|
|
Cash and cash
equivalents |
222 |
|
205 |
|
427 |
Bank overdraft |
0 |
|
(150) |
|
(150) |
Net cash and cash
equivalents |
222 |
|
55 |
|
277 |
|
|
|
|
|
|
31st
December 2016 |
|
|
|
|
|
Cash and cash
equivalents |
588 |
|
1,000 |
|
1,588 |
|
|
|
|
|
|
Year ended
30th June 2017 |
|
|
|
|
|
Cash and cash
equivalents |
588 |
|
(366) |
|
222 |
|
|
|
|
|
|
Notes: -
1. |
Basis of
preparation:
The results for the half-year are unaudited. The information
contained in this report does not constitute statutory accounts
within the meaning of the Companies Act 2006. The statutory
accounts of the Group for the year ended 30th June 2017
have been reported on by the Company's auditors and have been
delivered to the Registrar of Companies. The report of the
auditors was unqualified. |
|
The Company has adopted IFRS 9. Under IFRS 9, the Company has
elected to classify its long term Strategic Investments as
financial instruments which are held at fair value with unrealised
changes in value taken directly to Other Comprehensive
Income. General Portfolio investments are held at fair value
with unrealised changes in fair value recognised in Profit or
Loss. Strategic and General Portfolio investments are quoted
investments, and their fair value continues to be calculated using
quoted prices.
This report has been prepared in accordance with the accounting
policies contained in the Group’s 2017 Annual Report and Accounts
and International Financial Reporting Standards, and complies with
IAS 34. |
2. |
Earnings per
share:
Earnings per share are based on the profit on ordinary activities
after taxation and non-controlling interests of £563,000 (2016:
£70,000) and on 31,207,479 (2016: 31,207,479) shares being the
weighted average of number of shares in issue during the year.
There are options outstanding over 80,000 shares.
Reconciliation of headline earnings
Headline earnings are required to be disclosed by the JSE.
Headline earnings per share are based on the profit attributable to
the shareholders after tax and non-controlling interests, before
unrealised changes in the fair value of investments net of tax, of
£11,000 (2016: £279,000 loss) and on 31,207,479 (2016: 31,207,479)
shares being the weighted average of number of shares in issue
during the year.
|
3. |
Going
Concern:
After making enquiries, the Board is satisfied that the Group will
be able to operate within the level of its facilities for the
foreseeable future. For this reason, the Board considers it
appropriate for the Group to adopt the going concern basis in
preparing its financial statements. |
4. |
Principal risks and uncertainties:
The principal risks and uncertainties which could impact the
Group’s long-term performance are disclosed on pages 9-10 of the
Group’s 2017 Annual Report and Accounts, The key risks and
mitigating activities have not changed from these:
- Stock
market vulnerability and economic uncertainty including Brexit;
-
Possible volatility of share prices of investments;
-
Dividend income;
-
Ability to make strategic investments; and
-
Liquidity of equity investments in strategic investments. |
Composition of General Portfolio
|
|
Value |
|
|
|
|
£000 |
|
% |
Investor |
|
624 |
|
5.5 |
British
American Tobacco |
|
492 |
|
4.4 |
Schindler
Holding |
|
484 |
|
4.3 |
Diageo |
|
463 |
|
4.1 |
LVMH Moet
Hennessy |
|
436 |
|
3.9 |
HSBC
Holdings |
|
422 |
|
3.7 |
Brown
Forman |
|
417 |
|
3.7 |
Heineken
Holding |
|
417 |
|
3.7 |
Unilever |
|
416 |
|
3.7 |
Pernod
Ricard |
|
405 |
|
3.6 |
Henkel |
|
405 |
|
3.6 |
Antofagasta |
|
402 |
|
3.6 |
Phillip
Morris |
|
398 |
|
3.5 |
Nestle |
|
384 |
|
3.4 |
3M |
|
383 |
|
3.4 |
Danone |
|
373 |
|
3.3 |
Chevron |
|
361 |
|
3.2 |
Givaudan |
|
358 |
|
3.2 |
Royal
Dutch Shell |
|
357 |
|
3.2 |
L'Oreal |
|
346 |
|
3.1 |
BASF |
|
342 |
|
3.0 |
Reckitt
Benckiser |
|
339 |
|
3.0 |
United
Technologies |
|
321 |
|
2.8 |
Exxon
Mobil |
|
309 |
|
2.7 |
Anheuser
Busch |
|
308 |
|
2.7 |
Procter
& Gamble |
|
306 |
|
2.7 |
Kimberley
Clark |
|
303 |
|
2.7 |
Imperial
Brands |
|
281 |
|
2.3 |
Compagnie
Financiere Richemont |
|
222 |
|
2.0 |
Becton
Dickinson |
|
221 |
|
2.0 |
|
|
11,295 |
|
100 |