1996		  1995 
52 weeks ended 24 February 1996 				Note	    £m		    £m
-----------------------------------------------------------------------------------------------
Net cash inflow from operating activities			29	 1,046		    872

Returns on investments and servicing of finance
Interest received							    61		     41
Interest paid								  (127)		   (114)
Interest element of finance lease rental payments			    (9)		     (6)
Dividends paid								  (172)		   (148)
									-----------------------
Net cash outflow from returns on investments and servicing of finance	  (247)		   (227)
									-----------------------
Taxation
Corporation tax paid (including advance corporation tax)		  (182)		   (109)

Investing activities
Payments to acquire tangible fixed assets				  (624)		   (757)
Receipts from sale of tangible fixed assets				    51		     25
Purchase of subsidiary undertakings				30	   (30)		   (132)
Increase in fixed asset investments					    (9)		     (1)
									-----------------------
Net cash outflow from investing activities				  (612)		   (865)
									-----------------------

Net cash inflow/(outflow) before financing				     5		   (329)
									-----------------------

Financing
Ordinary shares issued for cash						    22		     25
Redemption of 1/8 % deep discount bonds					   (50)		      -
New finance leases							     -		     56
Increase in other loans							     6		      1
Capital element of finance leases repaid				    (9)		    (14)
Decrease in short term deposits						    42		     29
									-----------------------

Net cash inflowfrom financing					31	    11		     97
									-----------------------

Increase/(decrease) in cash and cash equivalents		33	    16		   (232)
									-----------------------