Scottish and Newcastle - Outlook

Here is the list of worse performers and yes I.C research shows above average returns. Would expect some movement on this one pre results due to the div being paid for the last 12 months not 6 and new boss should be making inroads into distribution/marketing issues.
But more importantly happy new year to all.
TOP FTSE 100 losers list for 2003
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Royal Sun Alliance -27%
United Utilities -20%
Scottish & Newcastle -18%
ICI -13%
Reed Elsevier -12%
Unilever -11%
Rentokil -10%
National Grid -9%
Marks & Spencer -7%
Smiths -5%
Dixons -4%
Gallaher -1%
BOC -1%
Xstrata -1%
BT -0%