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UK Equity Income Fund
MI Chelverton UK Equity Income Fund Investment Objective and Policy The objective of the Fund is to provide a progressive income stream and achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities. The Fund Monthly Fact Sheet will invest in UK companies which aim to provide a high initial dividend, progressive dividend 31 October 2017 payments and long term capital appreciation. Launch Date 4th December 2006 Monthly Manager Commentary Fund Size £563.0m The recent interest rate increase was widely anticipated and benefited our portfolio in the latter part Historic Yield (%)* 3.95 of the month as sterling strengthened whilst the rise in the oil price was a mild headwind. We have often referred to the short term effects of ‘investor sentiment’ on both share prices and the relative Share Price (as at 31.10.17) performance of small and mid caps compared to their larger counterparts. In a nutshell, when Shares Income Accumulation sentiment is positive investors tend to be happier to own stocks within our universe. One significant B Shares 131.96p 242.08p macro input into investors’ appetite for our companies is the domestic and global political backdrop and arguably, at the moment, the ability to ‘price’ political risk here at home, in the US, and now in Germany is as difficult as it has ever been. It appears that investors have little option but to look through the ‘top down’ political ‘noise’ and concentrate more on the actual companies themselves. With strong balance sheets and cash flows, gently improving trading and growing dividends, this should be good news for the type of company we invest in. -
Description Iresscode Exchange Current Margin New Margin 3I
Description IRESSCode Exchange Current Margin New Margin 3I INFRASTRUCTURE PLC 3IN LSE 20 20 888 HOLDINGS PLC 888 LSE 20 20 ASSOCIATED BRITISH ABF LSE 10 10 ADMIRAL GROUP PLC ADM LSE 10 10 AGGREKO PLC AGK LSE 20 20 ASHTEAD GROUP PLC AHT LSE 10 10 ANTOFAGASTA PLC ANTO LSE 15 10 ASOS PLC ASC LSE 20 20 ASHMORE GROUP PLC ASHM LSE 20 20 ABERFORTH SMALLER COM ASL LSE 20 20 AVEVA GROUP PLC AVV LSE 20 20 AVIVA PLC AV LSE 10 10 ASTRAZENECA PLC AZN LSE 10 10 BABCOCK INTERNATIONAL BAB LSE 20 20 BARR PLC BAG LSE 25 20 BARCLAYS PLC BARC LSE 10 10 BRITISH AMERICAN TOBA BATS LSE 10 10 BAE SYSTEMS PLC BA LSE 10 10 BALFOUR BEATTY PLC BBY LSE 20 20 BARRATT DEVELOPMENTS BDEV LSE 10 10 BARING EMERGING EUROP BEE LSE 50 100 BEAZLEY PLC BEZ LSE 20 20 BH GLOBAL LIMITED BHGG LSE 30 100 BOWLEVEN PLC BLVN LSE 60 50 BANKERS INVESTMENT BNKR LSE 20 20 BUNZL PLC BNZL LSE 10 10 BODYCOTE PLC BOY LSE 20 20 BP PLC BP LSE 10 10 BURBERRY GROUP PLC BRBY LSE 10 10 BLACKROCK WORLD MININ BRWM LSE 20 65 BT GROUP PLC BT-A LSE 10 10 BRITVIC PLC BVIC LSE 20 20 BOVIS HOMES GROUP PLC BVS LSE 20 20 BROWN GROUP PLC BWNG LSE 25 20 BELLWAY PLC BWY LSE 20 20 BIG YELLOW GROUP PLC BYG LSE 20 20 CENTRAL ASIA METALS PLC CAML LSE 40 30 CLOSE BROTHERS GROUP CBG LSE 20 20 CARNIVAL PLC CCL LSE 10 10 CENTAMIN PLC CEY LSE 20 20 CHARIOT OIL & GAS LTD CHAR LSE 100 100 CHEMRING GROUP PLC CHG LSE 25 20 CONYGAR INVESTMENT CIC LSE 50 40 CALEDONIA INVESTMENTS CLDN LSE 25 20 CARILLION PLC CLLN LSE 100 100 COMMUNISIS PLC CMS LSE 50 100 CENTRICA PLC CNA LSE 10 10 CAIRN ENERGY PLC CNE LSE 30 30 COBHAM PLC -
Parker Review
Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people. -
The Economic Fog
THE OC&C FOOD & DRINK TOP 150 2019 The economic fog It’s hard to see a way through the confusion cast by Brexit uncommon sense oc&c top 150 index 2019 his year has bought a change in prime minister, a change in Brexit strategy and THE may yet see a change in government, Tbut as the latest 31 October Brexit dead- line looms, the food and drink industry remains no clearer as to whether it is facing the most fundamental regulatory shake-up for generations or business as usual. Whatever the outcome and however long it drags on, food and drink is facing these headwinds from an uncertain footing. The 2019 OC&C Top 150 shows overall sales growth ECONOMIC across the industry slipping back below its long-term average of 6.4% last year, with the UK’s largest 150 sup- pliers growing revenues by 4.3% compared with an inflation-driven 7.5% in the previous year. Perhaps more significantly, industry profit margins fell back for the second consecutive year, dropping to 5.8% from 6.2% in 2017 and 6.7% in 2016. While the margin picture remains healthier than the post- recession years, they remain well below the long-term average of 6.4% as suppliers struggle to pass on cost inflation and rising labour costs. FOG OC&C UK managing partner Will Hayllar says the industry is in a “slightly worse shape in terms of its underlying fundamentals” heading into the current Brexit D-Day, compared with the previous 29 March deadline. “The more compressed margins have reduced the wiggle room and to some extent the ammunition that businesses have to make the changes they need to deal with what is still an uncertain Brexit scenario,” he says. -
High Impact Sector Companies Analysed in the CDP Europe Report – 2019 Disclosure Year
High impact sector companies analysed in the CDP Europe Report – 2019 disclosure year The materials, energy and transport sectors, along with agriculture, comprise CDP’s high impact sectors. However due to lack of reporting data, the Agriculture sector was not included in the high- impact company analysis. Organization name Country Sector EVN AG Austria Electric utilities Mayr-Melnhof Karton Aktiengesellschaft Austria Paper & forestry OMV AG Austria Oil & gas Österreichische Post AG Austria Transport services VERBUND AG Austria Electric utilities Voestalpine AG Austria Steel Food, beverage & Anheuser Busch InBev Belgium tobacco Bekaert NV Belgium Metals & mining bpost Belgium Transport services Elia System Operator Belgium Electric utilities Fluxys Belgium Belgium Oil & gas Nyrstar NV Belgium Metals & mining Ontex Group NV Belgium Paper & forestry Solvay S.A. Belgium Chemicals CEZ Czechia Electric utilities A.P. Moller - Maersk Denmark Transport services Food, beverage & Carlsberg Breweries A/S Denmark tobacco Food, beverage & Chr. Hansen Holding A/S Denmark tobacco Dampskibsselskabet NORDEN A/S Denmark Transport services DFDS A/S Denmark Transport Services DSV A/S Denmark Transport services Novozymes A/S Denmark Chemicals Ørsted Denmark Electric utilities Finnair Finland Transport services Fortum Oyj Finland Electric utilities Huhtamäki Oyj Finland Paper & forestry Kemira Corporation Finland Chemicals Metsä Board Finland Paper & forestry Neste Oyj Finland Oil & gas Outokumpu Oyj Finland Steel Stora Enso Oyj Finland Paper & forestry UPM-Kymmene -
FTSE Russell Publications
2 FTSE Russell Publications 19 August 2021 FTSE 250 Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 3i Infrastructure 0.43 UNITED Bytes Technology Group 0.23 UNITED Edinburgh Investment Trust 0.25 UNITED KINGDOM KINGDOM KINGDOM 4imprint Group 0.18 UNITED C&C Group 0.23 UNITED Edinburgh Worldwide Inv Tst 0.35 UNITED KINGDOM KINGDOM KINGDOM 888 Holdings 0.25 UNITED Cairn Energy 0.17 UNITED Electrocomponents 1.18 UNITED KINGDOM KINGDOM KINGDOM Aberforth Smaller Companies Tst 0.33 UNITED Caledonia Investments 0.25 UNITED Elementis 0.21 UNITED KINGDOM KINGDOM KINGDOM Aggreko 0.51 UNITED Capita 0.15 UNITED Energean 0.21 UNITED KINGDOM KINGDOM KINGDOM Airtel Africa 0.19 UNITED Capital & Counties Properties 0.29 UNITED Essentra 0.23 UNITED KINGDOM KINGDOM KINGDOM AJ Bell 0.31 UNITED Carnival 0.54 UNITED Euromoney Institutional Investor 0.26 UNITED KINGDOM KINGDOM KINGDOM Alliance Trust 0.77 UNITED Centamin 0.27 UNITED European Opportunities Trust 0.19 UNITED KINGDOM KINGDOM KINGDOM Allianz Technology Trust 0.31 UNITED Centrica 0.74 UNITED F&C Investment Trust 1.1 UNITED KINGDOM KINGDOM KINGDOM AO World 0.18 UNITED Chemring Group 0.2 UNITED FDM Group Holdings 0.21 UNITED KINGDOM KINGDOM KINGDOM Apax Global Alpha 0.17 UNITED Chrysalis Investments 0.33 UNITED Ferrexpo 0.3 UNITED KINGDOM KINGDOM KINGDOM Ascential 0.4 UNITED Cineworld Group 0.19 UNITED Fidelity China Special Situations 0.35 UNITED KINGDOM KINGDOM KINGDOM Ashmore -
Bringing Convenience to Good Food
Greencore Group plc Annual Report and Accounts 2009 Greencore Group plc About Greencore greencore.com Bringing Convenience to Greencore Group plc is a leading convenience food business with an annual turnover in excess of €1.1 billion. It has manufacturing facilities in four Annual Report and Accounts 2009 Good Food countries of the European Union and in the United States and employs over 7,500 people. There are two divisions within the company: Convenience Foods and Ingredients & Related Property. Greencore vision Our vision is to be a leading international food company delivering convenient, premium-quality meal and snack solutions to retailers and foodservice providers at prices the majority of today’s consumers can afford every day. Greencore will strive to be the acknowledged leader supplying markets where quality, freshness and convenience are valued. Greencore Group plc No. 2 Northwood Avenue Northwood Business Park Santry Dublin 9 Tel: +353 1 605 1000 Fax: +353 1 605 1100 Annual Report and Accounts 2009 WorldReginfo - c10129d5-f16a-4889-83af-6b7c37978546 Greencore Group plc Annual Report and Accounts 2009 Greencore Group plc About Greencore greencore.com Bringing Convenience to Greencore Group plc is a leading convenience food business with an annual turnover in excess of €1.1 billion. It has manufacturing facilities in four Annual Report and Accounts 2009 Good Food countries of the European Union and in the United States and employs over 7,500 people. There are two divisions within the company: Convenience Foods and Ingredients & Related Property. Greencore vision Our vision is to be a leading international food company delivering convenient, premium-quality meal and snack solutions to retailers and foodservice providers at prices the majority of today’s consumers can afford every day. -
CSI BHR Report
IRISH BUSINESS & HUMAN RIGHTS: Benchmarking compliance with the UN Guiding Principles Centre for Social Innovation, Trinity Business School Benn Finlay Hogan ML Rhodes Susan P. Murphy Mary Lawlor 8 November 2019 Benchmarking Compliance with the UN Guiding Principles Table of Contents 1. Introduction......................................................................................................................... 1 2. Background........................................................................................................................ 3 3. Benchmarking Process....................................................................................................... 5 3.1 What are we benchmarking against?........................................................................... 5 3.2 Choosing the Corporate Human Rights Benchmark methodology.............................. 5 3.3 Benchmarking indicators in the CHRB methodology................................................... 7 3.4 Selecting a sample of Irish companies........................................................................ 9 3.5 Data collection........................................................................................................... 12 3.6 Quality assurance...................................................................................................... 13 3.7 Constraints and limitations......................................................................................... 13 4. Findings........................................................................................................................... -
Annual Report 2020
HILTON FOOD GROUP PLC The leading specialist international food packing business ANNUAL REPORT AND FINANCIAL STATEMENTS 2020 HILTON FOOD GROUP PLC ANNUAL REPORT AND FINANCIAL STATEMENTS 2020 FINANCIAL HIGHLIGHTS REVENUE (£M) ADJUSTED OPERATING PROFIT (£M) NET BANK CASH/(DEBT)** (£M) £2,774.0m £67.0m £(122.2)m ‘16 1,234.5 ‘16 34.3 ‘16 34.6 ‘17 1,357.2 ‘17 38.3 ‘17 27.6 ‘18 1,649.6 ‘18 48.7 ‘18 (25.0) ‘19 1,814.7 ‘19 54.7 ‘19 (86.8) ‘20 2,774.0 ‘20 67.0 ‘20 (122.2) STRATEGIC HIGHLIGHTS OPERATING HIGHLIGHTS – Turnover up 50.0%* with strong growth in Australia – Strong response to Covid-19 ensuring continuous supply arising from: to our retailer partners, keeping our factories open – Joint venture transition period concluded with purchase and our colleagues safe of assets relating to the joint venture – Volume growth of 23.8%* within which Australia grew – A full year of the state-of-the art facility in 107.9%* and Europe grew 8.5%* Brisbane, Queensland – Adjusted operating profit £67.0m up 20.0%* and basic – New facility opened in Belgium for Ahold Delhaize with earnings per share 55.4p up 18.0%* volume ramp up under way – Strong operating cash generation of £91.7m up 30.5% – New Zealand facility scheduled to open in Q3 this year supporting a robust balance sheet – Committed to setting science-based target through the – Significant £95.5m investment in facilities to support Science Based Targets initiative and signed the Business future growth Ambition for 1.5°C pledge to net-zero by 2050 – Continued growth in protein diversification into plant-based, seafood and convenience foods * On a 52 week constant currency basis ** Excluding lease liabilities Adjusted results represent the IFRS results before deduction of acquisition intangibles amortisation and exceptional items and also IFRS 16 lease adjustments as detailed in the Alternative performance measures note 31. -
Marco Technology Brochure
Food Automation ENGINEERED FOR EXCELLENCE IN MACHINERY TECHNOLOGY DRIVING PRODUCTIVITY 30% UPLIFT IN PRODUCTIVITY MARCO - TECHNOLOGY DRIVING PRODUCTIVITY Marco, known throughout the world for providing the very best technology solutions for manufacturing and packing operations, RAPID using the unique Marco Trac-IT MES software and high quality Marco - designed and RETURN manufactured hardware. ON INVESTMENT Marco are the market leaders in providing solutions for high speed manual packing applications. These solutions ensure minimum wastage, virtual eradication of over-pack, individual operator monitoring and offer a guaranteed rapid return on investment. WHY CHOOSE MARCO? Marco design, manufacture, and maintain every system installed globally. This means that their customers only deal with one company which ensures absolute control over quality, delivery times and performance. Each Marco module can be integrated within an existing structure or installed as part of a complete factory-wide system. THE RESULTS: The average improvement in productivity is 30% In 98% of cases, full return on investment is achieved within 12 months MARCO TRAC-IT YIELD CONTROL MODULE (YCM) A HIGHLY ACCURATE SYSTEM THAT VIRTUALLY ERADICATES PRODUCT OVER PACK, REDUCES WASTE AND IMPROVES PRODUCTIVITY WHILST VIRTUAL ALLOWING YOU TO MEASURE, CONTROL AND ELIMINATION IMPROVE THE PACKING PROCESS. OF OVERPACK Each operator has their own ID logon or RFID tag, ensuring that productivity data is individually “Our operators have logged. A simple-to-operate but technically -
The New Ireland Fund, Inc. Portfolio Manager Commentary Quarter Ending January 31, 2018
The New Ireland Fund, Inc. Portfolio Manager Commentary Quarter Ending January 31, 2018 Performance Review The New Ireland Fund Inc.’s (the “Fund” or “IRL”) NAV per sharereturns are summarized below. Period to January 31, 20181 Benchmark* IRL NAV Net NAV Return Relative Return Return to Benchmark Quarter +5.8% -1.8% -7.6% Fiscal Year to Date +5.8% -1.8% -7.6% 1 year +28.9% +19.8% -9.1% 3 years +14.3% +13.5% -0.8% 5 years +14.6% +14.6% +0.0% Since inception +7.9% +8.2% +0.3% *The Benchmark is the MSCI All Ireland Capped Index. Prior to August 1, 2015, the Benchmark was the Irish Stock Exchange Index. Prior to July 31, 2011, the Benchmark was the Irish Stock Exchange Index ex Bank of Ireland. The performance of the MSCI Ireland Index compared to peer global indices is summarized below. Ireland generally performed well over the quarter with a small lag versus other markets. Market Quarter ended January Year ended January 31, 31, 2018 Returns 2018 Returns Local US $ Local US $ Ireland SE Overall (ISEQ) -0.1% +6.8% +10.4% +27.2% MSCI All Ireland Capped -1.0% +5.8% +11.8% +28.9% US Equities (S&P 500) +10.2% +10.2% +26.4% +26.4% US Equities (NASDAQ) +10.4% +10.4% +33.4% +33.4% UK Equities (FTSE 100) +1.1% +8.3% +10.4% +24.8% Japan Equities (TOPIX) +4.2% +8.5% +23.3% +27.1% European (Euro STOXX 50) -1.4% +5.4% +15.4% +33.1% German Equities (DAX 30) -0.3% +6.6% +14.3% +31.8% French Equities (CAC 40) -0.1% +6.8% +19.1% +37.3% Note-Indices are total gross return Investment Overview: Portfolio Review Within the portfolio the banks had a better quarter with Bank of Ireland and AIB strong, BOI finally made up some lost ground versus AIB. -
Fidelity® Variable Insurance Products: Overseas Portfolio
Quarterly Holdings Report for Fidelity® Variable Insurance Products: Overseas Portfolio September 30, 2020 VIPOVRS-QTLY-1120 1.808774.116 Schedule of Investments September 30, 2020 (Unaudited) Showing Percentage of Net Assets Common Stocks – 99.4% Shares Value Shares Value Australia – 0.0% France – 9.8% National Storage (REIT) unit 1 $ 1 ALTEN (a) 88,970 $ 8,449,343 Amundi SA (b) 104,310 7,362,355 Austria – 0.3% Capgemini SA 116,920 15,044,843 Erste Group Bank AG 196,500 4,118,157 Dassault Systemes SA 55,500 10,395,088 Mayr‑Melnhof Karton AG 1,900 330,138 Edenred SA 245,353 11,046,302 Kering SA 21,108 14,047,007 TOTAL AUSTRIA 4,448,295 Legrand SA 142,900 11,423,089 LVMH Moet Hennessy Louis Vuitton SE 56,433 26,405,042 Bailiwick of Jersey – 1.3% Pernod Ricard SA 80,000 12,770,325 Experian PLC 320,000 12,023,801 Sanofi SA 223,515 22,398,850 Glencore Xstrata PLC 392,700 814,136 SR Teleperformance SA 58,360 18,036,614 Sanne Group PLC 991,298 8,403,827 Total SA 50,642 1,739,176 TOTAL BAILIWICK OF JERSEY 21,241,764 TOTAL FRANCE 159,118,034 Belgium – 0.7% Germany – 7.2% KBC Groep NV 208,968 10,483,744 adidas AG 51,764 16,756,703 UCB SA 7,200 818,839 Allianz SE 75,900 14,560,373 Bayer AG 136,853 8,442,973 TOTAL BELGIUM 11,302,583 Bertrandt AG 18,195 689,047 Delivery Hero AG (a) (b) 6,800 782,277 Bermuda – 2.0% Deutsche Borse AG 79,200 13,910,134 Credicorp Ltd.