Broadstoner Hldgs - Interim Report

RNS No 3910h
BROADSTONER HOLDINGS PLC
15th October 1998


                           BROADSTONER HOLDINGS PLC
                          and subsidiary undertakings
    (The entire Ordinary share capital of the Company is held by Sears plc)
                                       
                                Interim Report
                     FOR THE SIX MONTHS ENDED 31 JULY 1998
                                       

                           Notes     1998      1997
                                      #m        #m
Net operating income                  -        0.1
Interest Receivable          2       0.1       2.2
                                    -----    ------
                                     
PROFIT BEFORE TAXATION               0.1       2.3
Taxation                              -       (0.8)
                                     ----     -----
                                      
PROFIT AFTER TAXATION                0.1       1.5

Dividends on preference             (0.1)     (0.1)
shares                              ------    -----
                                      
Attributable to equity                       
shareholders                          -        1.4
Dividends on ordinary               (30.0)      -
shares                               -----    ------
                                       
(DEDUCTED FROM)/ADDED TO            (30.0)     1.4
RESERVES                                     
                                   ========  ========

NOTES
1.   The Interim Report has been drawn up under the same accounting policies
as those used for the Annual Report and Accounts for 1997/98.  The Interim
Report does not constitute statutory accounts and the figures are unaudited.

2.   Interest receivable relates to interest earned on surplus funds loaned to
the parent undertaking.


END

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