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Gloucestershire Business News

Renishaw boss riding high among stock market winners

Renishaw co-founder Sir David McMurtry has been named among the biggest individual winners on the London stock market throughout 2020.

According to figures from financial research firm Argus Vickers for The Sunday Times, Sir David placed third on the list with a rise in value of £648.1million.

He co-founded the precision engineering based near Wotton-under-Edge in 1979 and remains as executive chairman.

The annual list was topped by Mexican Alberto Bailleres who saw the value of his 75 per cent stake in gold mining giant Fresnillo rise by £2.9billion over the year.

The Arora family, who run the discount retailer B&M which was able to continue trading throughout lockdown restrictions, saw the value to their stake in the business rise by £698million.

A year disrupted by the coronavirus pandemic saw the FTSE 100 fall by 15 per cent across the 12 months with airline and hospitality businesses taking a major hit.

According to the Argus Vickers research, EasyJet founder Sir Stelios Haji-Ioannou was the biggest loser as the value of his stake in the budget airline fell by almost £779million.

JD Wetherspoon owner Tim Martin saw his stake in the pub chain fall by £170.9million across the year.

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