DOCSLIB.ORG

5A99222758d4e.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
5A99222758d4e.Pdf Lloyd’s Coffee House Note: Jupiter has purchased the copyright to this image(s). 1 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 Chicago, 1973 Note: Jupiter has purchased the copyright to this image(s). 2 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 Investment mathematics Note: Jupiter has purchased the copyright to this image(s). 3 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 2018: London, Manchester, Edinburgh, Vienna… Note: Jupiter has purchased the copyright to this image(s). 4 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 Machines beat humans in closed systems Note: Jupiter has purchased the copyright to this image(s). 5 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 Financial data: some ‘Signal’, lots of ‘Noise’ Note: Jupiter has purchased the copyright to this image(s). 6 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 Stock lending data 1 day 1 week 1 month 1 day 1 week 1 month 30 ADV Active Active Active Active Utilization Utilization % Shares on Indicative Fee Indicative Fee Indicative Fee Indicative Fee % Free Float Value Utilization Utilization Delta Delta Delta Loan (bps) (bps) Delta (bps) Delta (bps) Delta Days to Cover On Loan Debenhams Plc 89.88 -0.38 0.41 -4.12 20.17 250 -50 -50 -50 53.2 29.21 Carillion Plc 89.84 0.03 0.17 4.18 18.63 25 -12 -38 -25 2.1 21.27 Iqe Plc 79.17 0.00 -1.85 17.12 18.39 700 0 0 300 9.7 21.49 Aggreko Plc 42.30 0.06 0.22 2.72 17.01 63 0 0 13 58.0 18.69 Greene King Plc 58.84 -3.52 2.35 7.81 16.53 113 13 0 38 42.6 17.17 Melrose Industries Plc 52.25 0.30 2.34 4.14 15.80 50 0 12 0 22.1 16.47 Interserve Plc 94.85 -0.17 -5.15 -5.15 15.14 800 0 100 500 7.7 17.06 J Sainsbury Plc 45.52 -1.08 -0.86 0.58 14.95 37 0 0 0 38.2 15.31 Anglo American Plc 58.92 0.09 0.55 4.77 14.94 63 0 0 0 36.0 18.95 Marks And Spencer Group Plc 40.51 0.31 0.72 -1.38 14.61 37 -12 -12 -12 29.4 15.06 Provident Financial Plc 87.83 -0.03 7.24 -1.33 14.03 500 0 0 -100 18.5 14.89 Babcock International Group Plc 46.51 -0.13 -1.59 3.49 13.59 50 0 0 0 28.3 13.98 Gvc Holdings Plc 54.69 -1.93 -4.95 2.14 13.52 162 12 25 12 18.3 14.23 Cobham Plc 35.79 -0.45 0.35 2.89 12.83 37 -12 -12 -12 38.4 12.98 Ultra Electronics Holdings Plc 43.55 -0.02 -1.17 -1.99 12.78 50 0 0 0 28.3 13.17 Aa Plc 45.45 10.47 10.04 22.64 11.92 37 -12 -12 0 11.3 15.49 Wm Morrison Supermarkets Plc 34.89 -0.42 0.04 3.29 11.68 37 0 -12 -12 37.3 11.84 Pearson Plc 41.12 -0.63 0.51 6.60 10.71 37 -12 -12 0 17.6 10.85 Restaurant Group Plc 29.54 -0.12 0.58 0.52 10.56 37 0 0 0 20.3 10.85 Greencore Group Plc 29.85 0.29 1.68 -0.51 10.54 50 0 12 12 9.4 10.85 Petra Diamonds Ltd 31.75 -0.14 0.22 3.24 10.38 137 12 25 75 18.2 11.63 Pets At Home Group Plc 72.77 0.31 5.96 -13.64 10.26 162 0 -13 -13 29.1 12.12 Capita Plc 35.15 -0.17 0.03 11.65 10.24 50 0 0 0 7.0 11.21 Ocado Group Plc 60.75 -2.01 -1.82 -9.46 9.58 350 0 -50 -100 18.9 14.39 Rpc Group Plc 26.49 -0.39 -3.84 4.09 9.20 37 0 0 -12 12.9 9.48 John Wood Group Plc 27.27 0.19 0.57 -0.40 8.92 50 12 0 0 24.7 9.47 Dairy Crest Group Plc 39.44 0.15 0.41 3.12 8.66 100 0 12 0 37.1 8.87 Countrywide Plc 32.53 0.37 -0.21 -7.59 8.59 162 12 25 0 40.0 8.79 Telit Communications Plc 47.95 -14.18 -22.73 -29.93 8.52 5000 0 -500 -1500 17.4 12.76 Hikma Pharmaceuticals Plc 93.58 7.05 7.44 25.69 8.09 400 0 50 50 36.4 15.10 30 HikmaTullowPharmaceuticals Oil Plc Plc 93.5829.02 7.05-0.19 7.441.07 25.69-8.79 8.098.04 40063 00 500 50-37 36.49.9 15.108.48 Computacenter Plc 75.19 -0.30 -16.01 63.79 7.96 400 0 50 262 22.3 14.45 Booker Group Plc 46.12 -1.59 -1.68 38.98 7.82 63 13 0 25 22.9 8.95 Capital & Counties Properties Plc 39.80 -1.78 -2.65 -6.23 7.77 150 12 12 -12 30.0 8.96 Travis Perkins Plc 18.99 -0.33 -3.38 -8.40 7.70 37 0 0 -12 14.9 8.41 Domino'S Pizza Group Plc 22.95 -1.64 -1.97 -6.91 7.67 37 0 0 0 16.6 7.89 Intu Properties Plc 93.72 0.71 16.89 67.23 7.65 175 -25 -25 25 23.6 12.52 Circassia Pharmaceuticals Plc 68.72 0.12 -10.27 0.57 7.57 800 200 0 -800 389.9 10.46 Sirius Minerals Plc 100.00 0.00 0.00 0.00 7.51 800 100 100 200 35.0 8.84 Cairn Energy Plc 20.04 -0.60 -0.26 0.96 7.01 37 0 0 -12 23.3 7.14 Newriver Reit Plc 33.83 0.22 1.09 8.29 6.99 162 0 37 75 25.9 7.12 Tesco Plc 20.27 0.56 1.73 -3.44 6.92 37 0 -12 0 21.1 7.16 Company examples and screening process shown for illustrative purposes only. 7 For professional and institutional investors only. Not for retail investors. Jupiter Investment Forum 2018 Quantitative screens Ticker Company Name Country Industry Market Average of Altman Z Piotroski F M-Score PE Ratio Asset Momentum: Accruals: SI % of EPS Profitability: Short Active Net New Cap Ranks Score: Score: Benish (8- Current Growth: Rank in Rank in Float: Gaming: Rank in Selling Utilization %: Issues: USD Equally Rank in Rank in Factor): Rank (Factset): Rank in Universe Universe Rank in Rank in Universe Demand Rank in Rank in Millions Weighted Universe Universe in Universe Rank in Universe Universe Universe Shift: Rank Universe Universe Universe in Universe SHAKSHAK ShakeShake Shack, Inc.Shack, Class A Inc. ClassUNITED A STATESU.S. HotelsHotels Restaurants Rest. & Leisure & Leisure $1,038$1,038 0.340.34 0.40.4 0.250.25 0.190.19 0.080.08 0.080.08 0.490.49 0.730.73 0.020.02 0.880.88 0.380.38 0.560.56 0.210.21 0.140.14 BYQKTG Codere, S.A. SPAIN Hotels Restaurants & Leisure $1,491 0.34 0.04 0.25 0.51 0.07 0.65 0.02 0.21 0.97 0.56 0.18 0.27 FMBH First Mid-Illinois Bancshares, Inc. UNITED STATES Banks $448 0.34 0.11 0.6 0.09 0.43 0.19 0.58 0.2 0.56 0.42 0.21 641056 Harmony Gold Mining Co. Ltd. SOUTH AFRICA Metals & Mining $882 0.34 0.1 0.45 0.08 0.29 0.57 0.01 0.52 0.09 0.56 0.83 0.23 RETA Reata Pharmaceuticals, Inc. Class A UNITED STATES Pharmaceuticals $530 0.34 0.01 0.04 0.3 0.53 0.98 0.24 0.56 0.56 0.15 0.01 B1FP89 BBA Aviation Plc UNITED KINGDOM Transportation Infrastructure $4,818 0.34 0.2 0.04 0.23 0.42 0.06 0.54 0.3 0.26 0.56 0.72 0.4 629099 WT Microelectronics Co., Ltd. TAIWAN Distributors $858 0.34 0.53 0.11 0.1 0.81 0.11 0.48 0.04 0.85 0.35 0.56 0.04 0.08 HTA Healthcare Trust of America, Inc. Cl. A UNITED STATES Real Estate Investment Trusts (Reits) $5,257 0.34 0.66 0.04 0.21 0.15 0.38 0.55 0.56 0.11 0.56 0.48 0.02 BD3FFZ Northern Drilling Ltd. NORWAY Energy Equipment & Services $607 0.34 0.01 0.04 0.56 0.75 4593 Healios KK JAPAN Biotechnology $813 0.34 0.95 0.01 0.95 0.25 0.1 0.02 0.56 0.15 0.06 610165 Tamil Nadu Newsprint & Papers Ltd. INDIA Paper & Forest Products $428 0.34 0.08 0.66 0.14 0.29 0.55 0.09 0.31 0.6 B45JKK Phoenix Group Holdings UNITED KINGDOM Insurance $4,050 0.34 0.04 0.15 0.3 0.52 0.56 0.42 0.38 TSRO TESARO, Inc.
Load more

Recommended publications
  • 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.
    [Show full text]
  • Babcock International Group PLC Half Year Results for the Period Ended 30 September 2020
    Babcock International Group PLC half year results for the period ended 30 September 2020 25 November 2020 Resilient revenue but operating profit reflects disposals, the impact of civil nuclear insourcing, COVID-19 and weakness in civil aviation Financial results 30 September 30 September 2020 2019 Order book £17.2bn £16.9bn Revenue £2,109.6m £2,194.8m Underlying revenue1 £2,243.7m £2,457.8m Operating profit £76.2m £168.7m Underlying operating profit2 £143.1m £250.6m Basic earnings per share 10.5p 25.6p Underlying basic earnings per share3 15.7p 32.5p Cash generated from operations £149.3m £150.5m Underlying free cash flow (post pension payments)4 £58.4m £6.8m Net debt incl. lease obligations £1,519m £1,754.2m Net debt excl. lease obligations5 £871.3m £1,138.0m Net debt/EBITDA6 2.0x 1.9x See notes on page 2. David Lockwood, Chief Executive Officer, said: “I have been enormously impressed by the way in which our people have adapted to the COVID-19 pandemic and continued to prioritise meeting the needs of our customers. Nevertheless, while demand for our critical services has remained resilient overall, the additional costs incurred and inefficiencies created have impacted our profitability. Our operating profit performance in the first half reflects this COVID-19 impact as well as disposals, the impact of government insourcing of Magnox and Dounreay, and weak trading in civil aviation. “In my first three months at Babcock I have spent time seeing many parts of the business. Our strengths are clear. We have many high-quality businesses, with a deep understanding of our customers, operating in markets where demand for our expertise is strong.
    [Show full text]
  • Restoring Strength, Building Value
    Restoring Strength, Building Value QinetiQ Group plc Annual Report and Accounts 2011 Group overview Revenue by business The Group operates three divisions: US Services, 29% UK Services and Global Products; to ensure efficient 35% leverage of expertise, technology, customer relationships and business development skills. Our services businesses which account for more 36% than 70% of total sales, are focused on providing 2011 2010 expertise and knowledge in national markets. Our £m £m products business provides the platform to bring US Services 588.2 628.0 valuable intellectual property into the commercial UK Services 611.6 693.9 markets on a global basis. Global Products 502.8 303.5 Total 1,702.6 1,625.4 Division Revenue Employees US Services £588.2m 4,500 (2010: £628.0m) (2010: 5,369) Underlying operating profit* £44.3m (2010: £52.6m) Division Revenue Employees UK Services £611.6m 5,045 (2010: £693.9m) (2010: 5,707) Underlying operating profit* £48.7m (2010: £59.1m) Division Revenue Employees Global £502.8m 1,663 Products (2010: £303.5m) (2010: 2,002) Underlying operating profit* £52.4m (2010: £8.6m) * Definitions of underlying measures of performance are in the glossary on page 107. Underlying operang profit* by business Revenue by major customer type Revenue by geography 7% 17% 36% 31% 52% 37% 56% 31% 33% 2011 2010 2011 2010 2011 2010 £m £m £m £m £m £m US Services 44.3 52.6 US Government 894.3 754.1 North America 949.2 825.3 UK Services 48.7 59.1 UK Government 526.5 614.5 United Kingdom 623.7 720.0 Global Products 52.4 8.6 Other 281.8
    [Show full text]
  • Completed Acquisition by Amec Nuclear Holdings Limited of Energy, Safety and Risk Consultants (UK) Limited from Serco Limited
    Completed acquisition by Amec Nuclear Holdings limited of Energy, Safety and Risk Consultants (UK) limited from Serco limited ME/5595/12 The OFT’s decision on reference under section 22(1) given on 21 December 2012. Full text of decision published 16 January 2013. Please note that the square brackets indicate figures or text which have been deleted or replaced in ranges at the request of the parties or third parties for reasons of commercial confidentiality. PARTIES 1. AMEC Nuclear Holdings Limited (AMEC) is a wholly-owned subsidiary of AMEC Group Limited, an international provider of engineering, consultancy and project management services. AMEC employs 1,300 employees in the UK and the overall AMEC Group had a worldwide turnover of £3,261 million in 2011. 2. Energy, Safety and Risk Consultants (UK) Limited (ESRC) was the nuclear technical services division (formerly called Serco Nuclear Technical Services (Serco NTS)) of Serco Group plc (Serco), an international service company. Prior to the transaction, Serco NTS provided nuclear consulting, engineering and laboratory services for civil and defence customers and employed around 500 staff. In its 2011 financial year, Serco NTS had a turnover of £67.1 million. TRANSACTION 3. Serco created ESRC specifically to migrate the assets and resources of its nuclear technical services division as, previously, Serco NTS was a fully integrated division within Serco and was not a corporate entity with a distinct legal personality. 4. Following a managed sale process, AMEC entered into a Share Purchase Agreement with Serco to acquire the entire issued share capital of ESRC 1 from Serco on 29 June 2012 for a cash consideration of £137 million (the Transaction).
    [Show full text]
  • List of Public Interest Entities
    www.pwc.co.uk/transparencyreport List of public interest entities List of public interest entities to accompany Transparency Report Year ended 30 June 2014 2 PricewaterhouseCoopers LLP UK Transparency Report FY14 List of public interest entities Please note – this list includes those 258 audit clients, for whom we issued an audit opinion between 1 July 2013 and 30 June 2014, who have issued transferable securities on a regulated market (as defined in the Statutory Auditors (Transparency) Instrument 2008 (POB 01/2008). 4IMPRINT GROUP PLC BOS (SHARED APPRECIATION MORTGAGES) NO. 1 PLC ABERFORTH GEARED INCOME TRUST PLC BOS (SHARED APPRECIATION MORTGAGES) NO. 2 PLC AFRICAN BARRICK GOLD PLC BOS (SHARED APPRECIATION MORTGAGES) NO.3 PLC AGGREKO PLC BOS (SHARED APPRECIATION MORTGAGES) NO.4 PLC AMLIN PLC BOS (SHARED APPRECIATION MORTGAGES) NO.6 PLC ARKLE MASTER ISSUER PLC BRADFORD & BINGLEY PLC ARM HOLDINGS PLC BRAMMER PLC ASIA RESOURCE MINERALS Plc (formerly BUMI Plc) BRISTOL & WEST PLC ASIAN TOTAL RETURN INVESTMENT COMPANY PLC BRITISH AMERICAN TOBACCO PLC (formerly Henderson Asian Growth Trust Plc) BRITISH TELECOMMUNICATIONS PLC AVIVA PLC BT GROUP PLC AVON RUBBER PLC BURBERRY GROUP PLC BABCOCK INTERNATIONAL GROUP PLC CAIRN ENERGY PLC BAGLAN MOOR HEALTHCARE PLC CAMELLIA PLC BAILLIE GIFFORD JAPAN TRUST PLC CAPITAL & COUNTIES PROPERTIES PLC BAILLIE GIFFORD SHIN NIPPON PLC CAPITAL GEARING TRUST PLC BANK OF SCOTLAND PLC CARNIVAL PLC BARCLAYS BANK PLC CARPETRIGHT PLC BARCLAYS PLC CARR’S MILLING INDUSTRIES PLC BERENDSEN PLC CATLIN UNDERWRITING BIRMINGHAM
    [Show full text]
  • 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
    [Show full text]
  • Membership List
    Membership List Private Sector 3M IBM Addleshaw Goddard LLP International Airlines Group Aggregate Industries Jacobs Airbus John Lewis Partnership Allen & Overy Kingfisher Anglian Water Group Kingsley Napley Anglo American Korn Ferry Hay Group Arcadis KPMG Arup Kuehne + Nagel Associated British Foods Leonardo Atkins Linklaters Atos Lloyds Banking Group Aviva plc London City Airport AWE plc LV= Babcock International Group plc Mace Group BAE Systems Marks & Spencer Bakkavor Maximus Barclays Microsoft BDO Mizuho Bank BHP National Grid Boeing Nationwide Building Society BP NATS British American Tobacco Novartis Browne Jacobson Nestle UK BT Group Nissan Motor Company Capita Group Northgate Public Services Carlyle Group Oracle CEMEX UK Prudential CGI PwC Cisco QinetiQ Citi RELX Group Clifford Chance Rio Tinto Clyde & Co Rolls-Royce Co-operative Group The Royal Bank of Scotland Group Cushman & Wakefield Royal Mail Deloitte Sainsbury’s Dentons Santander UK DHL SAP UK Direct Line Group Savills Drax Group Serco Group Equinor Shell International Eversheds Sutherland Simmons & Simmons Eversholt Rail Skanska ExxonMobil Slaughter and May EY Standard Life Aberdeen plc Freshfields Bruckhaus Deringer Sopra Steria FTI Consulting Tarmac Fujitsu Services Tata Gallagher Tesco plc Gemserv Total GlaxoSmithKline Unipart Grant Thornton UnitedHealth Group (Optum) Gowling WLG UK LLP United Utilities plc Heathrow Airport Holdings Virgin Care Herbert Smith Freehills LLP William Hill HSBC Holdings Womble Bond Dickinson Hutchison Whampoa Europe WSP Xerox The Whitehall
    [Show full text]
  • Chair's Introduction
    Governance statement I have also met with a number of our major customers. I see it as an important part of the Chair’s role to have a strong relationship with key customers that complements the depth and breadth of the Group’s management relationships, through a programme of regular senior-level meetings. I intend to develop this role further, and am committed to supporting the continued improving momentum of dialogue with our primary customers. We have been pleased to welcome customers to participate in a number of contract reviews at the Board during the year. I have also enjoyed meeting many of Babcock’s shareholders to hear, directly from them, their views, concerns and Ruth Cairnie priorities. The Board and I are clear about Chair the importance of corporate governance and its role in the long-term success of the Group. Purpose and culture Chair’s introduction At the Board we recognise the essential role that a clear purpose and a strong corporate culture play in assuring the I am pleased to present my first Group’s long-term success. During the year the Board has worked to clarify Chair’s report on the work of the Babcock’s purpose, which we describe on Babcock Board. Since joining the page 10, and we expect to do more on Board in April last year, I have focused this over the coming year. This purpose is underpinned by the corporate culture, much time engaging with Babcock’s based on strong values that I found in stakeholders in order to get a real evidence across my induction visits.
    [Show full text]
  • 8139 Babcock Cover 01
    Babcock Babcock International PLC Group Babcock International Group PLC Annual and report 2001 accounts Badminton Court Realigning the business Church Street Babcock International Group PLC Amersham Buckinghamshire HP7 0DD Annual report and accounts 2001 Telephone 01494 727296 Fax 01494 721909 Website www.babcock.co.uk I was absolutely delighted to equivalent of 18p per old share. Gordon Campbell Chairman become chairman of your company. The second element was to sell our 18 June 2001 For people of my generation and materials handling business and educational background, Babcock the Railcare business and thirdly to conjures up an immediate image focus on the support services sector. of process engineering and This was a brave strategy and, like boilermaking. Over three decades, all brave moves, requires complete Babcock has changed enormously, commitment to deliver. However, the but still commands respect around successful delivery of this strategy the world, and the Babcock brand should enhance shareholder value is a great asset to us. However, considerably. It will take your company the change we are currently going into higher growth markets, reduce through is at least as large as exposure to cyclical businesses, and anything that has gone before remove our dependence on risky and many times more exciting. construction contracts. Shortly before I arrived, the Board I fully support this strategy and, announced a clear strategy along with my Board colleagues, which had three main elements. am determined to drive through First, we would return some of the the execution. cash in the Babcock balance sheet to you, the shareholders, by way So far we have succeeded in selling of a return of capital.
    [Show full text]
  • View Annual Report
    Babcock International Group PLC Babcock trusted to deliver TM Annual Report and Accounts 2015 trusted to deliver Babcock International Group PLC Annual Report and Accounts 2015 w Introduction and contents Babcock is the UK’s leading engineering support services organisation. Operating in the UK and overseas, we are trusted to deliver complex and critical support to the defence, energy, emergency services, transport and education sectors. We pride ourselves on our long-term customer focused relationships and ultra-reliable engineering excellence. www.babcockinternational.com Strategic report Governance Group financial statements Overview Board Directors and Company Secretary 70 Independent auditors’ report to the members At a glance – our divisions 2 Governance statement 72 of Babcock International Group PLC 126 Chairman’s statement 4 Report of the Nominations Committee 80 Group income statement 133 Report of the Audit and Risk Committee 82 Group statement of Business model and strategy Remuneration report 86 comprehensive income 134 Our business model and strategy 6 Directors’ report 119 Group statement of changes in equity 134 Chief Executive’s review 8 Directors’ responsibility statement 124 Group balance sheet 135 Strategy 11 Group cash flow statement 136 Performance Notes to the Group financial statements 137 (Strategy in action and operating reviews) Company financial statements Marine and Technology 12 Independent auditors’ report to the members Defence and Security 18 of Babcock International Group PLC 183 Support Services 24 Company balance sheet 185 International 30 Notes to the Company financial statements 186 Key performance indicators 38 Financial review 40 Other information Sustainability 48 Shareholder information 191 Principal risks and management controls 60 Five-year financial record 192 Forward-looking statements Certain statements in this Annual Report and Accounts are forward-looking statements.
    [Show full text]
  • Chairman's Introduction
    Governance statement Chairman’s introduction the independence of Sir David Omand, who joined the Board in 2009. The Board remains satisfied that Sir David continues to be independent. The Board also noted that Ian Duncan, our Chair of the Audit and Risk Committee, will have served nine years in November 2019. In its discussions, the Nominations Committee was keen to maintain continuity during the handover to a new Chair. However, it is not expected that either will wish to seek reappointment at the Company’s 2020 AGM. The required governance and regulatory assurances are provided throughout this Governance statement and in some cases in other parts of the Annual Report. The Additional statutory information section on page 133 provides further cross references to Mike Turner CBE, Chairman where in this Annual Report disclosures under the Disclosure and Transparency Rules and Listing Rules can be found. The Board is committed to working in an effective, Company values transparent and ethical manner so that it can set A key role of the Board is to reinforce and implement strategy in a way it believes will the values of the Company. The values of the Company are clearly set out in our benefit Shareholders by promoting and maintaining Code of Business Conduct and require us the long-term success of the Company while having as a company, amongst other things, to respect our fellow employees, to ensure regard to other stakeholders. the safety of each other at work, to minimise our impact on the environment, Introduction Compliance with the UK and to abide by our ethics policy in our As I have said in my Chairman’s review, Corporate Governance Code business dealings.
    [Show full text]
  • Trade Marks Inter Partes Decision O/211/15
    O-211-15 TRADE MARKS ACT 1994 IN THE MATTER OF CONSOLIDATED PROCEEDINGS BETWEEN BABCOCK INTERNATIONAL LIMITED AND BABCOCK POWER UK LIMITED CONCERNING BABCOCK POWER UK LIMITED’S APPLICATION UNDER NO 84234 TO REVOKE REGISTRATION NO 756324 IN THE NAME OF BABCOCK INTERNATIONAL LIMITED BABCOCK POWER UK LIMITED’S APPLICATION UNDER NO 84235 TO REVOKE REGISTRATION NO 756324 IN THE NAME OF BABCOCK INTERNATIONAL LIMITED BABCOCK POWER UK LIMITED’S APPLICATION UNDER NO 84236 TO REVOKE REGISTRATION NO 1283519 IN THE NAME OF BABCOCK INTERNATIONAL LIMITED BABCOCK POWER UK LIMITED’S APPLICATION UNDER NO 84237 TO REVOKE REGISTRATION NO 1283519 IN THE NAME OF BABCOCK INTERNATIONAL LIMITED BABCOCK INTERNATIONAL LIMITED’S OPPOSITION UNDER NO 103564 TO BABCOCK POWER UK LIMITED’S APPLICATION FOR REGISTRATION UNDER NO 2601397 AND BABCOCK INTERNATIONAL LIMITED’S OPPOSITION UNDER NO 103567 TO BABCOCK POWER UK LIMITED’S APPLICATION FOR REGISTRATION UNDER NO 2601670 1. This decision concerns six sets of proceedings as follows: 1: An application under No 84232 by Babcock Power UK Ltd (“BPUK”) to revoke registration No 756324 in the name of Babcock International Ltd (“BIL”). The registration is for the mark BABCOCK, which was entered into the register on 3 August 1956 and is registered for the following goods: Class 11 Boilers (not parts of machines), reheaters being parts of steam generating installations, heat exchangers, (not parts of machines), air heating appliances, fuel economising apparatus, automatic and mechanical stokers, furnace grates, fuel burners,
    [Show full text]