DOCSLIB.ORG

Brightening Lives

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Brightening Lives BRIGHTENING LIVES ANNUAL REPORT & ACCOUNTS 2019/2020 BRIGHTENING LIVES ANNUAL REPORT & ACCOUNTS 2019/2020 2 CONTENTS 3 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS CONTENTS Certain information contained in this document, including any information as to the Group’s strategy, plans or future financial or operating performance, constitutes ‘‘forward-looking statements’’. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ‘‘believes’’, ‘‘estimates’’, ‘‘anticipates’’, ‘‘projects’’, ‘‘expects’’, ‘‘intends’’, ‘‘aims’’, ‘‘plans’’, ‘‘predicts’’, ‘‘may’’, ‘‘will’’, ‘‘seeks’’, ‘‘could’’, ‘‘targets’’, ‘‘assumes’’, ‘‘positioned’’ or ‘‘should’’ or, in each case, their negative or other variations or comparable terminology, HIGHLIGHTS 5 or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this document and include statements regarding the intentions, beliefs or current expectations of the Directors concerning, among other things, the Group’s results of operations, financial condition, prospects, growth, strategies and CHAPTER 1 - STRATEGIC REPORT the industries in which the Group operates. Chairman’s Statement 11 - 12 By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or Chief Executive’s Report 13 - 20 may not occur in the future or are beyond the Group’s control. Forward-looking statements are not guarantees of future performance. Even if the Group’s actual results of operations, financial condition and the development of the industries in which the Group operates are consistent with the Financial Review 22 - 29 forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent Principal Risks and Uncertainties 30 - 33 periods. Accordingly, undue reliance should not be placed on these statements. Social Responsibility 34 - 41 The forward-looking statements contained in this document speak only as of the date of this document. The Group and its Directors expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether as a result of new information, future events or Section 172 Statement 43 - 45 otherwise, unless required to do so by applicable law, the AIM Rules for Companies or the Disclosure and Transparency Rules. Note: The financial information contained in this document, including the financial information presented in a number of tables in this document, has been rounded to the nearest whole number or the nearest decimal place. Therefore, the actual arithmetic total of the numbers in a column or row in a CHAPTER 2 - CORPORATE GOVERNANCE certain table may not conform exactly to the total figures given for that column or row. In addition, certain percentages presented in the tables in this Board of Directors 48 document reflect calculations based upon the underlying information prior to rounding, and accordingly, may not conform exactly to the percentages Governance Framework 49 - 51 that would be derived if the relevant calculations were based upon the rounded numbers. Audit Committee Report 52 - 53 Nomination Committee Report 54 Directors’ Remuneration Report 55 - 71 Directors’ Report 72 - 74 Statement of Directors’ Responsibilities 75 CHAPTER 3 - CONSOLIDATED FINANCIAL STATEMENTS Auditor’s Report 79 - 85 Consolidated Income Statement 86 Consolidated Statement of Comprehensive Income 86 Consolidated Statement of Financial Position 87 Consolidated Statement of Changes in Equity 88 Consolidated Cash Flow Statement 89 Notes to the Consolidated Financial Statements 90 - 120 Company Statement of Financial Position 121 Company Statement of Changes in Equity 122 Notes to the Company Financial Statements 123 - 125 Company Information 127 Company Secretary: Jonathan William Dargie Registered Office: Joules Building, The Point, Rockingham Road, Market Harborough, Leicestershire, LE16 7QU Nominated Adviser: Peel Hunt LLP, Moor House, 120 London Wall, London, EC2Y 5ET Broker: Liberum Capital Limited, Ropemaker Place, Level 12, 25 Ropemaker Street, London, EC2Y 9LY Corporate PR: Hudson Sandler, 25 Charterhouse Square, London, EC1M 6AE Legal Advisors: Eversheds LLP, 115 Colmore Row, Birmingham, B3 3AL Auditor: Deloitte LLP, Four Brindleyplace, Birmingham, B1 2HZ Registrars: Equiniti Limited, Aspect House, Spencer Road, Lancing, BN99 6DA Joules Group plc - Registered in England and Wales number: 10164829. Website - www.joulesgroup.com 4 HIGHLIGHTS 5 HIGHLIGHTS Business well positioned to navigate existing and potential COVID-19 challenges: • Trading performance ahead of management's expectations1 after the first nine weeks of FY21 - E-commerce demand2 up more than 70% on the comparable period in prior year - All stores now re-opened with overall performance ahead of expectations - Wholesale performing in line with expectations • Strong financial position with net cash7 of £5.4 million and liquidity headroom of £54 million at 2 August 2020, significantly ahead of management’s expectations1 • Continued progress on strategic initiatives: - ‘Friends of Joules’ digital marketplace providing increased range and choice to Joules’ customers - UK and US distribution centre transformation initiatives complete, providing improved capacity, service levels and productivity - New store point of sale platform implemented, further integrating the store experience with our digital channels under our flexible ‘Total Retail’ model • Joules brand health3 and engagement scores at record highs with Joules ranked 12th out of 278 consumer brands in KPMG Nunwood’s 2020 Consumer Experience Excellence report FY20 performance: • Group revenue decreased by 12.5% to £190.8 million (FY19: £218.0m) adversely impacted by COVID-19 and the previously reported e-commerce stock availability issue over the Christmas trading period - Revenue impact of COVID-19 in the final quarter is estimated at c.£31 million4 - E-commerce performed well with Joules’ own e-commerce channel revenue up c.11% for the year - E-commerce represented nearly 57% of retail sales (FY19: 49.5%). For the first nine months, pre-COVID-19, it represented nearly 51% of retail sales -Store revenue declined 21.4% for the year. Over the first 9 months, pre-COVID-19, store sales declined c.8%, reflecting structural industry trends and reduced promotional activity - Wholesale revenue declined 25.3%, with the final quarter experiencing a reduction of c.75% as wholesale customers globally closed their operations in response to COVID-19 • Loss before tax (pre-IFRS16 and exceptional items)5 of £2.0 million (FY19: £12.9m profit) • Statutory loss before tax of £25.3 million (FY19: £12.9m profit) - IFRS16 (Leases) net impact £(1.8) million (FY19: na) - Exceptional costs £(21.5) million (FY19: nil) including £21.0 million non-cash impairment charge • Group gross margin 50.7%, down 4.1%pts, impacted by sales channel mix and increased promotional activity in the final quarter • Basic earnings per share loss 22.07 pence (FY19: 11.6 pence) • 1.43 million active customers6 and record brand awareness and brand health3 metrics achieved during the final quarter of the year • Net cash7 of £4.5 million (FY19: £5.8m) and liquidity headroom of £53 million at 31 May 2020 Reconciliation to statutory profit/loss before tax: £MILLION FY20 F Y 19 PBT pre-IFRS16 and exceptional costs5 (2.1) 12.9 IFRS16 (net PBT impact) (1.8) na PBT - before exceptional costs (3.9) 12.9 Exceptional costs (21.5) - Statutory (loss)/profit before tax (25.3) 12.9 1 Expectations is stated with reference to management's most recent forecast being the ‘base case’ used for the Directors’ assessment of going concern and as the basis for the Group’s FY21 financial year budget 2 Demand is a non-GAAP measure. It states the total sales value (inclusive of sales tax) of customer orders received in the relevant period, excluding any returns received or provision for potential returns 3 Brand Awareness and Brand Health are measured as part of an independent YouGov consumer survey 4 COVID-19 revenue impact is estimated based on management’s revenue forecast for the final quarter prepared just prior to the start of Q4 with consideration to sales run rates, prior year sales, wholesale order book and planned promotional activity 5 LBT/PBT - pre-IFRS16 and exceptional costs is a non-GAAP measure provided to facilitate comparison across periods, it is stated prior to the impact of IFRS16 (Leases) adopted for the first time in FY20, and prior to exceptional costs that are primarily related to non-cash asset impairments in the Period 6 Customer registered on our database who has transacted in the last 12 months. Prior years restated to reflect improved database matching (FY19: 1.39 million active customers) 7 ‘Net cash’ represents gross cash & cash equivalents less total borrowings. 6 OUR BRAND VALUES OUR BRAND VALUES 7 OUR BRAND VALUES OUR BRAND VALUES CONTEMPORARY COUNTRY LOVING We celebrate our rural roots by designing clothing, accessories and homeware for today’s family lifestyle. INSPIRED BY NATURE We take inspiration from all of the flora and fauna that can be found in the countryside and along the coasts of Britain. RESPECT THE ENVIRONMENT As a brand that was established in the countryside, we see it as our responsibility
Load more

Recommended publications
  • Dfs-Sofology-Decision-On-Merger.Pdf
    ANTICIPATED ACQUISITION BY DFS FURNITURE PLC OF SOFOLOGY LIMITED DECISION ON RELEVANT MERGER SITUATION AND SUBSTANTIAL LESSENING OF COMPETITION ME/6706-17 The CMA’s decision on reference under section 33(1) of the Enterprise Act 2002 given on 20 November 2017. Full text of the decision published on 15 December 2017. Please note that [] indicates figures or text which have been deleted or replaced in ranges at the request of the parties for reasons of commercial confidentiality. SUMMARY 1. DFS Furniture plc (through its wholly owned subsidiary DFS Furniture Company Limited) (DFS) has agreed to acquire Sofology Limited (Sofology) (the Merger). DFS and Sofology are together referred to as the Parties. 2. The Competition and Markets Authority (CMA) believes that it is or may be the case that the Parties will cease to be distinct as a result of the Merger, that the turnover test is met and that, accordingly, arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation. 3. The Parties overlap in the retail supply of upholstered living room furniture in bricks-and-mortar stores and online across the UK. 4. The CMA believes that online sales exercise some constraint on the bricks- and-mortar sales of upholstered living room furniture, although there may be limits to the competitive interaction between these two distribution channels. The CMA therefore considered competition between bricks-and-mortar retailers and competition between online retailers, both together and separately. 1 5. With regard to bricks-and-mortar competition, as the CMA could not rule out that the Parties vary some aspects of their competitive offering locally, the CMA assessed the effects of the Merger in the local areas where the Parties’ stores overlap.
    [Show full text]
  • The Furniture Industry in the United Kingdom Scenario
    THE FURNITURE INDUSTRY IN THE UNITED KINGDOM SCENARIO Multiclient Research COUNTRY REPORTS September 08 – R2413.UK HOME FURNITURE UPHOLSTERY MATTRESSES OFFICE KITCHEN APPLIANCES LIGHTING All CSIL publications are available for online purchase and immediate download from: http://www.csilmilano.com http://www.worldfurnitureonline.com Reports are also available in printed form. For further information, please contact: [email protected] CSIL Milano scrl 15 corso Monforte 20122 Milano Italy tel. +39 02 796630 fax +39 02 780703 © Copyright CSIL [email protected] – www.csilmilano.com SCENARIO The furniture industry in the United Kingdom COUNTRY REPORTS Report prepared by C. Pisa HOME FURNITURE Coordinated by A. Tracogna UPHOLSTERY MATTRESSES OFFICE KITCHEN APPLIANCES LIGHTING All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise. Any such action is an infringement of the Italian Law (L.18 August 2000 n.248) and may give rise to a legal action for damages and may be prosecuted as a criminal offence. All information in this report is verified to the best of the author's and the publisher's ability. However, CSIL does not accept responsibility for any errors and/ or omissions resulting from any source and for any loss arising from reliance on it. CSIL Milano scrl 15 corso Monforte 20122 Milano Italy tel. +39 02 796630 fax +39 02 780703 © Copyright CSIL [email protected] – www.csilmilano.com The furniture industry in the United Kingdom CONTENTS 1. UNITED KINGDOM. FURNITURE INDUSTRY SUMMARY 1 2.
    [Show full text]
  • The Sofa Experts Sofa The
    Annual report and accounts 2017 The sofa experts sofa The DFS Furniture plc Annual report and accounts 2017 DFS is the leading retailer of living room and upholstered furniture in the UK. As the sofa experts we are able to offer our customers an unbeatable combination of great products, great service and great value. Turnover to meet some of the sofa experts team Strategic Report Financial Statements Summary of the year 1 Consolidated income statement 71 Our business 2 Consolidated statement of Chair’s statement 4 comprehensive income 72 Market overview 6 Consolidated balance sheet 73 Our business model 8 Consolidated statement of Strategy for growth 10 changes in equity 74 Strategy in action 12 Consolidated cash flow statement 75 Risks and uncertainties 16 Notes to the consolidated Chief Executive’s report 20 financial statements 76 Key performance indicators 24 Company balance sheet 95 Financial review 26 Company statement of Corporate responsibility 28 changes in equity 96 Notes to the Company Governance financial statements 97 Board of Directors 36 Shareholder information 99 Directors’ report 38 Corporate governance statement 40 Audit Committee report 47 Nomination Committee report 52 Directors’ remuneration report 54 Directors’ responsibilities statement 65 Independent auditor’s report 66 Our sofa experts DFS has been built on long-term investments in British craftsmanship, manufacturing and people. Here are just a few of the inspiring team behind our sofas: Design Manufacture Lauren Harris, Designer Michael Coleman, Upholsterer Design Studio, Long Eaton Lincoln House factory Lauren’s role at DFS ranges Michael started out as an from designing products and apprentice with us where he selecting fabrics to ultimately trained in both the traditional and creating the future looks of DFS modern methods of upholstering.
    [Show full text]
  • Equity Research; Post “Brexit” What Should Work
    Equity Research; Post “Brexit” what should work Post “Brexit” what should work Research Report Report Date “There are decades where nothing happens; and there are weeks when decades happen”; Lenin th 19 July 2016 Broadly the dust is now settling. What is the early impact of “Brexit”…so far? Analyst i) Weak sterling “low for longer” due to lower interest rate support, Ravi Lockyer MSc Llb less confidence in the UK’s prospects outside of the EU. We expect Collins Sarri Statham the Bank of England will lower Base Rate to 0.25% on the 4th August Investments Ltd 2016. Finally we see the Brexit “shock” as only slightly slowing UK GDP in 2016. STG has settled well below the long term trend support at US$1.50 (31 year lows). This helps FTSE100 earnings. Source ONS ii) A possible UK constitutional crisis as the government moves towards Article 50 but without a solution for Scotland and Northern Ireland. iii) The drivers of the UK consumer, the property market and wage growth could be more sluggish as Brexit “shock” is absorbed. iv) The UK government is looking at stimulus measures, more infrastructure spending & specific actions for weaker industrial areas. In this currency sensitive environment, broad groupings have emerged:- i) “Winners” - “large cap” UK multi-national beneficiaries of the UK devaluation due to overseas revenue exposure. This list comprises a spectrum of oil & gas majors, pharmaceuticals, HSBC and Standard Chartered, a range of exporters such as BATS, Imperial, Diageo, Rolls Royce. The primary reason is USD or EUR dividends. ii) “Losers” have been UK insurers (due to EU pass-porting risks), housebuilders (UK property concerns), the UK centric retail banks, publicans, airline and travel companies (weaker UK demand for short haul travel), large retailers (costs in Euros/ USD linked currencies).
    [Show full text]
  • Annual Report and Accounts 2015 Accounts and Report Annual
    2015 Annual report and accounts DFS Annual report and accounts 2015 We are the sofa experts Design Manufacture Retail Service Contents Strategic report Financial statements Highlights 1 Consolidated income statement 77 Our business 2 Consolidated statement of comprehensive income 78 Chairman’s statement 4 Consolidated balance sheet 79 Market overview 6 Consolidated statement of changes in equity 80 Business model 8 Consolidated cash flow statement 81 Strategy 12 Notes to the financial statements 82 Strategy in action 14 Company balance sheet 105 Risks and uncertainties 20 Notes to the Company financial statements 106 Chief Executive’s report 24 Shareholder information 108 Financial review 28 Corporate responsibility 30 Governance Board of directors 34 Directors’ report 36 Corporate governance 39 Audit Committee report 46 Nomination Committee report 51 Directors’ remuneration report 53 Directors’ responsibilities statement 74 Independent auditor’s report 75 Highlights Strategic report DFS has continued its strong performance since becoming a listed public company with gross sales up 7% for the year. Our dedication to creating and making quality sofas that every home loves and can afford, combined with the culture of a family business, Governance continues to be at the heart of this success. Financial Group gross sales up 7.0% to £913.1m (FY14: £853.4m) Group revenue up 7.5% to £706.1m (FY14: £656.8m) statements Financial Group adjusted EBITDA up 8.4% to £89.2m (FY14: £82.3m) Group profit before tax £10.7m (FY14: £3.6m) Continued strong cash generation: 1.8x net debt / adjusted EBITDA Adjusted underlying EPS of 18.5p Successful IPO and refinancing significantly reduced debt and future interest costs Total dividend of 9.3p per share proposed, twice covered by adjusted underlying EPS Operational Proven growth strategy on track: UK stores – Five new 10-15,000 sq.ft.
    [Show full text]
  • PLACES PEOPLE PREFER Annual Report and Accounts 2020
    PLACES PEOPLE PREFER Annual Report and Accounts 2020 British Land plc Annual Report and Accounts 2020 Inside Key figures Strategic Report Underlying EPS IFRS loss after tax At a glance 2 Chairman’s statement 4 32.7p £(1,114)m Our purpose 6 2019: 34.9p 2019: £(320)m Case study: 1 Triton Square 8 Chief Executive’s review 10 Investment case 13 EPRA NAV per share Underlying Profit Business model 14 774p £306m Places 2019: 905p 2019: £340m Our portfolio 16 Strategic focus 22 Total accounting return IFRS net assets Strategic performance and KPIs 24 Development pipeline 26 (11.0)% £7,147m 2019: (3.3)% 2019: £8,689m People Customer and community stories 30 Stakeholder engagement and s172 32 IFRS EPS Dividend per share People and culture 34 (110.0)p 15.97p Employee-led networks 36 Sustainability 38 2019: (30.0)p 2019: 31.00p Task Force on Climate-Related Financial Disclosures (TCFD) 42 Senior unsecured Carbon intensity reduction GHG emissions 46 credit rating versus 2009 Non-financial reporting disclosure 47 A 73% Prefer 2019: A 2019: 64% Market insights 54 Performance review 56 Customer Bright Lights skills and Financial review 68 satisfaction employment programme Financial policies and principles 75 Managing risk 78 8.3 504 Principal risks 82 2019: 8.2/10 people supported with work Viability statement 88 2019: 389 Corporate Governance Report Chairman’s introduction 90 Board of Directors 92 Stakeholder engagement statement 96 Presentation of financial information Corporate Governance Report 98 The Group financial statements are prepared under IFRS where the Report of the Nomination Committee 104 Group’s interests in joint ventures and funds are shown as a single line item on the income statement and balance sheet and all subsidiaries are Report of the Audit Committee 108 consolidated at 100%.
    [Show full text]
  • The Saturn Portfolio
    CHRISTCHURCH Retail Park, Christchurch // B&Q Warehouse, St Margaret’s Way, Leicester // Dunstable Road Retail Park, Luton // Cairngorm Retail Park, Winterhill, Milton Keynes // Mountbatten Retail Park, Southampton // B&Q/Halfords, Tonbridge THE SATURN PORTFOLIO A portfolio of institutional retail warehousing located in the southern half of the UK PORTFOLIO OVERVIEW THE SATURN PORTFOLIO PAGE 2 CHRISTCHURCH LEICESTER LUTON M90 MILTON KEYNES SOUTHAMPTON TONBRIDGE M8 EDINBURGH GLASGOW M77 M74 NEWCASTLE UPON TYNE CARLISLE SOUTH SHEILDS M6 A1 (M) HARTLEPOOL DURHAM A66 (M) MIDDLESBROUGH A1 (M) YORK M6 BRADFORD LEEDS BLACKPOOL HULL M65 M62 M62 GRIMSBY LIVERPOOL MANCHESTER M56 SHEFFIELD M1 STOKE-ON-TRENT NOTTINGHAM M6 DERBY CHRISTCHURCH RETAIL PARK, BARRACK ROAD, CHRISTCHURCH BH23 2BN LEICESTER M6 BIRMINGHAM B&Q WAREHOUSE, ST MARGARET’S WAY, LEICESTER LE4 0BG COVENTRY MILTON KEYNES DUNSTABLE ROAD RETAIL PARK, LUTON LU4 8EZ M1 M50 M11 LUTON A1 (M) M5 CAIRNGORM RETAIL PARK, WINTERHILL, MILTON KEYNES MK6 1AZ M40 M4 M4 SWINDON LONDON MOUNTBATTEN RETAIL PARK, WESTERN ESPLANADE, SOUTHAMPTON SO15 1BA CARDIFF BRISTOL M25 M2 M3 B&Q/HALFORDS, CANNON LANE, TONBRIDGE, KENT TN9 1BQ GUILDFORD M20 M23 TONBRIDGE SOUTHAMPTON M5 CHRISTCHURCH BRIGHTON EXETER BOURNEMOUTH CHRISTCHURCH LEICESTER LUTON MILTON KEYNES SOUTHAMPTON TONBRIDGE INVESTMENT HIGHLIGHTS THE SATURN portfolio PAGE 4 INVESTMENT HIGHLIGHTS THE SATURN PORTFOLIO PROVIDES A UNIQUE OPPORTUNITY TO ACQUIRE A SIZEABLE PORTFOLIO OF INSTITUTIONAL QUALITY RETAIL WAREHOUSING LOCATED IN THE SOUTHERN HALF OF THE
    [Show full text]
  • Not for Release, Publication Or Distribution, in Whole Or
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. This announcement is an advertisement for the purposes of the UK Prospectus Rules and not a prospectus and not an offer of securities for sale in any jurisdiction, including in or into Australia, Canada, Japan or the United States of America. Investors should not purchase or subscribe for any shares referred to in this announcement except on the basis of information in the prospectus (the “Prospectus”) expected to be published by DFS Furniture Limited (to be re-registered as DFS Furniture plc) in due course in connection with the proposed admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange. A copy of the Prospectus will, following publication, be available for inspection from DFS Furniture Limited's website at www.dfscorporate.co.uk. This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States of America or in any other jurisdiction. For immediate release 6 February 2015 DFS Furniture Limited (to be re-registered as DFS Furniture plc) Announcement of Intention to Float on the London Stock Exchange Update on H1 Trading Appointment of Further Independent Non-executive Director to the Board DFS Furniture Limited (the “Company” and, together with its subsidiaries, the “Group”) today announces that it intends to proceed with an initial public offering (the “IPO” or the “Offer”) of its ordinary shares (“Shares”).
    [Show full text]
  • Aberdeen Standard Equity Income Trust
    Aberdeen Standard Equity Income Trust plc Equity income using an index-agnostic approach focusing on our best ideas from the full UK market cap spectrum Investment Trust Performance Data and Analytics to 31 August 2021 Investment objective Morningstar Analyst RatingTM To provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. Benchmark FTSE All-Share Index. Features of the Trust B Morningstar Analyst Rating™ Morningstar analysts assign the ratings globally on a Objective of increasing the dividend in real terms. five-tier scale with three positive ratings of Gold, Silver and Bronze. Cumulative performance (%) Morningstar RatingTM as at 31/08/21 1 month 3 months 6 months 1 year 3 years 5 years Share Price 359.0p 1.4 (1.6) 15.0 44.7 (11.0) 12.6 NAV 391.9p 2.3 1.3 15.9 38.4 (4.8) 15.2 B Morningstar RatingTM for Funds Morningstar rates funds from one to five stars based FTSE All-Share Index 2.7 3.4 13.3 26.9 11.4 33.3 on how well they’ve performed (after adjusting for risk FTSE 350 Higher Yield Index 1.5 0.5 9.3 31.9 (0.3) 17.4 and accounting for all sales charges) in comparison to similar funds. Discrete performance (%) Twenty largest equity holdings (%) 31/08/21 31/08/20 31/08/19 31/08/18 31/08/17 BHP 4.0 Rio Tinto 3.8 Share Price 44.7 (20.0) (23.1) 7.7 17.6 CMC Markets 3.5 NAV 38.4 (19.0) (15.1) 4.4 15.8 Close Brothers 3.5 FTSE All-Share Index 26.9 (12.6) 0.4 4.7 14.3 Vistry 3.1 FTSE 350 Higher Yield Index 31.9 (22.3) (2.7) 4.2 13.1 SSE 2.9 Source: Aberdeen Standard Investments, total returns.
    [Show full text]
  • 9 October 2014 DFS FURNITURE HOLDINGS Plc Full Year Results For
    9 October 2014 DFS FURNITURE HOLDINGS plc Full year results for the 53 weeks ended 2 August 2014 SUSTAINED STRONG PERFORMANCE IN SECOND HALF FINANCIAL HIGHLIGHTS: • Continued momentum in sales and EBITDA throughout second half • Second half gross sales up 6.6%: annual gross sales £827.0m (2013: £804.3m) • Second half adjusted EBITDA up 8.1%: full year adjusted EBITDA £81.4m (2013: £84.6m) • Strong cash generation continues: year-end cash balances £53.8m (2013: £38.0m) after payment of £20.0m dividend OPERATIONAL HIGHLIGHTS: • New brand partnerships performing well, strengthening appeal to more aspirational customers; gross sales orders of exclusive branded upholstery of over £60m in the year • Store opening programme on track: three new stores opened in the year reaching the significant milestone of 100 stores in the UK and Ireland; first store in Continental Europe to open late 2014 • New website delivering good results, consolidating market leader position in online upholstered furniture sales • Customer Distribution Centre concept now operating successfully in two regions, creating additional profitable sales and cost efficiencies in nine stores • Appointment of Luke Mayhew as a non-executive director DFS Chief Executive Officer Ian Filby said: “I am pleased to report continued momentum in our second half results. As we anticipated in our third quarter report, the significantly improved trading that began with the launch of our Winter Sale in December continued through to the end of the financial year. Gross sales in the second half grew by 6.6%, delivering a 2.8% increase in gross sales to £827.0 million (2013: £804.3 million) for the year as a whole.
    [Show full text]
  • Applications and Decisions for the North West of England
    OFFICE OF THE TRAFFIC COMMISSIONER (NORTH WEST OF ENGLAND) APPLICATIONS AND DECISIONS PUBLICATION NUMBER: 6786 PUBLICATION DATE: 12/04/2019 OBJECTION DEADLINE DATE: 03/05/2019 Correspondence should be addressed to: Office of the Traffic Commissioner (North West of England) Hillcrest House 386 Harehills Lane Leeds LS9 6NF Telephone: 0300 123 9000 Fax: 0113 248 8521 Website: www.gov.uk/traffic-commissioners The public counter at the above office is open from 9.30am to 4pm Monday to Friday The next edition of Applications and Decisions will be published on: 19/04/2019 Publication Price 60 pence (post free) This publication can be viewed by visiting our website at the above address. It is also available, free of charge, via e-mail. To use this service please send an e-mail with your details to: [email protected] APPLICATIONS AND DECISIONS Important Information All correspondence relating to public inquiries should be sent to: Office of the Traffic Commissioner (North West of England) Suite 4 Stone Cross Place Stone Cross Lane North Golborne Warrington WA3 2SH General Notes Layout and presentation – Entries in each section (other than in section 5) are listed in alphabetical order. Each entry is prefaced by a reference number, which should be quoted in all correspondence or enquiries. Further notes precede each section, where appropriate. Accuracy of publication – Details published of applications reflect information provided by applicants. The Traffic Commissioner cannot be held responsible for applications that contain incorrect information. Our website includes details of all applications listed in this booklet. The website address is: www.gov.uk/traffic-commissioners Copies of Applications and Decisions can be inspected free of charge at the Office of the Traffic Commissioner in Leeds.
    [Show full text]
  • Units 11A & 11B, Roaring Meg Retail Park, Stevenage, Sg1
    UNITS 11A & 11B, ROARING MEG RETAIL PARK, STEVENAGE, SG1 1XN PLANNING AND RETAIL STATEMENT JANUARY 2021 CONTENTS 1.0 INTRODUCTION…………………………………………………………….3 2.0 THE SITE AND RELEVANT PLANNING HISTORY…………………….5 3.0 THE PROPOSED DEVELOPMENT……………………………………….8 4.0 PLANNING POLICY OVERVIEW………………………………………..10 5.0 RETAIL CONSIDERATIONS……………………………………………..17 6.0 DEVELOPMENT MANAGEMENT CONSIDERATIONS………………36 7.0 SUMMARY AND CONCLUSIONS……………………………………….38 APPENDICES 1 SITE LOCATION PLAN 2 DECISION NOTICE 99/00097/OP 3 STEVENAGE TOWN CENTRE SEQUENTIAL SITES 4 STEVENAGE OLD TOWN SEQUENTIAL SITES 5 MAJOR OPPORTUNITY AREA SITES 6 STEVENAGE TOWN CENTRE VACANT UNITS (NOVEMBER 2019) 1.0 INTRODUCTION 1.1 This Planning and Retail Statement (PRS) has been prepared on behalf of Stevenage Retail Limited (SRL), in relation to proposals at Unit 11A/11B, Roaring Meg Retail Park, Stevenage, SG1 1XN (the Site). The proposals comprise external alterations and reconfiguration of the existing internal mezzanine floorspace within Units 11A/11B and variation of condition 10 of planning permission 99/00097/OP to allow the units to be used for retail sales under Class E(a) of the Town and Country Planning (Use Classes) (Amendment) Regulations 2020. 1.2 The proposed development is to facilitate the relocation of DFS from the existing accommodation at Unit 18 into Unit 11B, and allow the adjoining Unit 11A to be occupied by Sofology, a sister company within the DFS parent company. 1.3 Following the proposed reconfiguration of the floorspace within the two units, the floorspace will be as follows: Table 1: Proposed floorspace breakdown Unit 11A Unit 11B Ground Floor 973sqm 983sqm Mezzanine 743sqm 743sqm Total (GEA) 1,716sqm 1,726sqm Combined Total 3,442sqm (GEA) 1.4 The proposals will meet DFS’s current operational requirements for their DFS brand and also address DFS’s parent company requirement for the retailer’s two key fascia, namely DFS and Sofology, to trade from immediately adjoining units.
    [Show full text]