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John Phelps' portfolio

Scottish companies were at the front of the pack last week when all four of our share portfolios rushed ahead to hit new 2012 peaks.

Greenock's British Polythene Industries and Edinburgh-based John Menzies were in particularly good form ahead of their results announcements due early next month, while Glasgow internet hopeful Iomart also attracted brisk investment demand.

Even energy giant SSE – the old Scottish and Southern Energy – shook off its recent malaise to stage a useful rally on news that renewables have kept profits on course despite lower customer demand. As always, we have taken steps to ensure we can lock in the bulk of recent profits on by raising stop-loss levels at which we will sell some of our strongest performing shares on any stock market relapse.