56IF Lloyds Bk. 43

RNS No 3279c
BROADSTONER HOLDINGS PLC
25th September 1997

                          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 1997
                                       
                                       

                                             1997         1996
                                NOTES         #m           #m
Net operating income                          0.1          0.2
                                              ===          ===
Interest Receivable               2           2.2          2.5
                                              ---          ---
PROFIT BEFORE TAXATION                        2.3          2.7
Taxation                                     (0.8)        (0.8)
                                              ---          ---
Profit after Taxation                         1.5          1.9
Dividends                                    (0.1)        (0.1)
                                              ---          ---
ADDED TO RESERVES                             1.4          1.8
                                              ===          ===


Notes

1.   The interim Report has been drawn up under the same accounting policies
     as those used for the Annual Report and Accounts for 1996/97. The 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.

3. A copy of this Interim Report will be posted to shareholders and copies
   will be available from the Secretary, Broadstoner Holdings plc, 40 Duke
   Street, London W1A 2HP.




END


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