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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. -
Alternative Investment Fund Manager Branches Operating in Ireland And
Alternative Investment Fund Manager Branches operating in Ireland and Alternative Investment Fund Managers providing services & activities in Ireland on a cross-border basis in accordance with the provisions of the European Union (Alternative Investment Fund Managers) Regulations 2013 Reference Number Name and Address of AIFM Entity Status Entity Sub Status Country of Authorisation Date of Commencement C72794 TOBAM EU AIFM Branch France 04 March 2016 t/a TOBAM Q House 76 Furze Road Sandyford Dublin 18 C133537 MDO Management Company S.A EU AIFM Branch Luxembourg 14 March 2017 C138023 FundRock Management Company SA EU AIFM Branch Luxembourg 18 January 2017 C140625 Lemanik Asset Management SA EU AIFM Branch Luxembourg 02 March 2015 9 Fitzwilliam Street Upper Dublin 2 C152109 Luxembourg Investment Solutions SA EU AIFM Branch Luxembourg 28 April 2017 C21011 BNP Paribas Asset Management France EU AIFM FPS (Freedom to Provide France 07 June 2017 t/a BNP Paribas Asset Management S.A.S Services) 1 Boulevard Haussmann 75009 Paris Run Date: 01 November 2018 Page 1 of 137 Reference Number Name and Address of AIFM Entity Status Entity Sub Status Country of Authorisation Date of Commencement C21086 International Asset Management Ltd EU AIFM FPS (Freedom to Provide United Kingdom 09 August 2016 t/a International Asset Management Services) 11a Regent Street London SW1Y 4LR C21102 Millennium Global Investments Limited EU AIFM FPS (Freedom to Provide United Kingdom 20 November 2015 t/a Millennium Global Invests. Ltd Services) 2nd floor, Cassini House, 57-59 -
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. -
Lion Capital to Acquire Foodvest from Capvest - Leading Frozen Food Manufacturer in Europe
22 July 2008 FOR IMMEDIATE RELEASE Lion Capital to Acquire FoodVest from CapVest - Leading frozen food manufacturer in Europe - Lion Capital LLP ("Lion") is pleased to announce that an agreement has been reached whereby Lion Capital will acquire The FoodVest Group ("FoodVest") from funds advised by CapVest Limited ("CapVest"). FoodVest is one of the largest frozen food manufacturers in Europe, with leading market positions in the UK, Scandinavia and France and a growing presence in Central and Eastern Europe. The company is also the leading producer of chilled seafood products in the UK. The transaction is expected to be completed in September 2008. FoodVest's leadership of the frozen food category in its core markets is achieved through two primary business segments: Young's and Findus. Young's is the leading producer and distributor of frozen seafood in the United Kingdom, with a 200 year-old heritage of selling high quality seafood products across a vast range of fish, shrimp, and shellfish products, primarily under the flagship Young's brand, in both the retail and foodservice channels. Its market-leading products include the Young's Chip Shop range and Young's Admiral's Pie, the UK's best-selling frozen ready meal. Findus is the leading frozen food manufacturer in Scandinavia, with market leadership in Sweden, Norway and Finland within each of the frozen ready meals, fish and vegetables segments in which it operates. Findus is also a leading frozen food manufacturer in France, where it enjoys the strongest recognition of any frozen food brand in France. The company also has a growing presence in Central and Eastern Europe. -
CAFR) of the Oregon Public Employees Retirement System (PERS Or the System) for the Fiscal Year Ended June 30, 2015
Comprehensive Annual Financial Report Oregon Public Employees Retirement System An Agency of the State of Oregon For the Fiscal Year Ended June 30, 2015 Oregon Public Employees Retirement System An Agency of the State of Oregon Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2015 Steven Patrick Rodeman Executive Director Kyle J. Knoll Chief Financial Officer 11410 SW 68th Parkway, Tigard OR 97223 Mailing Address – PO Box 23700, Tigard OR 97281-3700 – Phone 503-598-7377 Website – http://oregon.gov/pers Table of Contents INTRODUCTORY SECTION ACTUARIAL SECTION 2 Letter of Transmittal 82 Actuary’s Certification Letter 6 Public Employees Retirement Board 87 Actuarial Assumptions and Methods 7 Organizational Chart 96 Schedule of Active Member Valuation Data 8 Certificate of Achievement 96 Schedule of Retirees and Beneficiaries Added to 9 Public Pension Standards Award and Removed From Rolls 97 Schedules of Funding Progress by Rate Pool FINANCIAL SECTION 98 Analysis of Financial Experience 12 Independent Auditor’s Report 100 Solvency Test 17 Management’s Discussion and Analysis Plan Summary Basic Financial Statements 102 Summary of Plan Provisions 26 Statement of Fiduciary Net Position - Pension and Other Postemployment Plans STATISTICAL SECTION 28 Statement of Changes in Fiduciary Net Position - 110 Statistical Notes Pension and Other Postemployment Plans 111 Fiscal Year Additions by Source - Retirement 30 Statement of Net Position - Proprietary Fund Programs 31 Statement of Revenues, Expenses, and Changes in 112 Fiscal -
2011 Annual Report
2011 COMPREHENSIVE ANNUAL Fl NANCIAL REPORT For the Fiscal Year Ended June 30, 2011 The Public Employees' Retirement Fund is a discretely presented component unit of the state of Indiana. PERF is a trust and an independent body, corporate and politic. The fund is not a department or agency of the state of Indiana, but is an independent instrumentality exercising essential governmental functions. (Indiana (ode Sections S-10.3-2- 1(b) and S-10.2-2-1). 2011 COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2011 The Public Employees' Retirement Fund is a disaetely presented component unit of the state of Indiana. Public Employees' Retirement Fund J1977 Police Officers' and Firefighters' Pension and Disability Fund I Judges' Retirement System State Excise Police, Gaming Agent, Gaming Control Officer, and Conservation Enforcement Officers' Retirement Plan Prosecuting Attorneys' Retirement Fund Jlegislators' Retirement System: Defined Contribution Plan and Defined Benefit Plan State Employees' Death Benefit Fund 1 Public Safety Officers' Special Death Benefit Fund 1 Pension Relief Fund Prepared By Public Employees ' Retirement Fund I One North Capitol, Suite 001Jindianapolis, IN 46204 Toll-free: (888) 526-1687 I ww1v.inprs.in.gov I [email protected] PUBLIC EMPLOYEES' RETIREMENT FUND 2011 COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2011 TABLE OF CONTENTS INTRODUCTORY SECTION Other Supplementary Information 06 letter of Transmittal 80 Administrative Expenses 12 Government Finance Officers -
List of British Entities That Are No Longer Authorised to Provide Services in Spain As from 1 January 2021
LIST OF BRITISH ENTITIES THAT ARE NO LONGER AUTHORISED TO PROVIDE SERVICES IN SPAIN AS FROM 1 JANUARY 2021 Below is the list of entities and collective investment schemes that are no longer authorised to provide services in Spain as from 1 January 20211 grouped into five categories: Collective Investment Schemes domiciled in the United Kingdom and marketed in Spain Collective Investment Schemes domiciled in the European Union, managed by UK management companies, and marketed in Spain Entities operating from the United Kingdom under the freedom to provide services regime UK entities operating through a branch in Spain UK entities operating through an agent in Spain ---------------------- The list of entities shown below is for information purposes only and includes a non- exhaustive list of entities that are no longer authorised to provide services in accordance with this document. To ascertain whether or not an entity is authorised, consult the "Registration files” section of the CNMV website. 1 Article 13(3) of Spanish Royal Decree-Law 38/2020: "The authorisation or registration initially granted by the competent UK authority to the entities referred to in subparagraph 1 will remain valid on a provisional basis, until 30 June 2021, in order to carry on the necessary activities for an orderly termination or transfer of the contracts, concluded prior to 1 January 2021, to entities duly authorised to provide financial services in Spain, under the contractual terms and conditions envisaged”. List of entities and collective investment -
Consumer and Retail
CONSUMER AND RETAIL INDUSTRY UPDATE │ SEPTEMBER 2015 www.harriswilliams.com Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business. CONSUMER AND RETAIL INDUSTRY UPDATE │ SEPTEMBER 2015 HARRIS WILLIAMS & CO. CONSUMER UPDATE GROUP OVERVIEW HW&CO.’S RECENT INDUSTRY OBSERVATIONS Harris Williams & Co. is a leading advisor to the Consumer market. Our The HW&Co. Consumer group did not experience the “August M&A lull” this year as significant experience covers a broad the team continues to be very busy executing a number deals that are expected to range of end markets, industries, and close by year end or shortly thereafter. Perhaps more interesting, we spoke with a business models. This particular report large and increasing number of business owners interested in a near term liquidity focuses on trends and metrics in the following areas: event. Nothing like a little bit of public market volatility to remind owners that the existing white hot M&A market will not remain forever. The tradeshow circuit has also . Consumer Durables been active with recent visits to Outdoor Retailer, Super Zoo, and Kind + Jugend. This . Consumer Electronics month we highlight our observations from Outdoor Retailer and the broader trends in . Consumer Services the outdoor and lifestyle sector. Footwear, Apparel, and Accessories . Franchise Platforms Recent HW&Co. Outdoor and Lifestyle Transactions . Internet Retail . -
Dmitri V. Kovalenko
Dmitri V. Kovalenko Partner, Moscow Mergers and Acquisitions; Private Equity; Capital Markets Dmitri Kovalenko is co-head of the Moscow office and represents international and Russian clients on a broad range of mergers and acquisitions, private equity and joint venture transac- tions in Russia and other countries covering various industries and sectors. Mr. Kovalenko has practiced law in Skadden’s Moscow, Chicago and Paris offices since 1994. He is ranked in the top tier for Russia M&A and Russia capital markets work by Chambers Global and Chambers Europe, as well as for private equity in Russia by Chambers Europe. Mr. Kovalenko also was named as the 2021 Mergers and Acquisitions Lawyer of the Year and the 2020 Capital Markets Lawyer of the Year by The Best Lawyers in Russia, and was listed in the publication’s Global Business Edition. Additionally, he is listed as a leading individual in IFLR1000 and Who’s Who Legal, as well as repeatedly in The Legal 500 EMEA as a member of its Commercial, Corporate and M&A: Moscow Hall of Fame. T: 7.495.797.4600 F: 7.495.797.4601 His M&A and private equity experience has included advising: [email protected] - Mercury Retail Group in its US$1.2 billion sale of JSC Dixy Group to PJSC Magnit; - Horvik Limited in relation to its preconditional mandatory offer to acquire Trans-Siberian Gold Education plc, an AIM-quoted gold producer; LL.M. (with honors), Northwestern - Kismet Acquisition One, a special purpose acquisition company, in its US$1.9 billion initial University School of Law, Chicago, merger with Nexters Global Limited, the first-ever de-SPAC transaction involving a Russian USA, 1996 company. -
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