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April 2019 Equity Suggestions
April 2019 Equity Suggestions Price 52 Week FTSE 100 COMPANIES 5/4/19 Yield High Low BANKS Lloyds PLC Ordinary Shares 62p 5.2% 69p 50p BEVERAGES Diageo PLC Ordinary Shares 3120p 2.1% 3157p 2437p CHEMICALS Croda International PLC Ordinary Shares 5106p 1.7% 5330p 4360p FOOD PRODUCERS Unilever PLC Ordinary Shares 4402p 3.1% 4504p 3830p FORESTRY & PAPER DS Smith PLC Ordinary Shares 348p 4.3% 542p 286p Smurfit Kappa Group PLC Ordinary Shares 2364p 3.6% 3306p 1915p HEALTHCARE PRODUCTS Smith & Nephew PLC Ordinary Shares 1513p 1.8% 1549p 1243p HOUSEHOLD PRODUCTS Reckitt Benckiser PLC Ordinary Shares 6383p 2.7% 7174p 5255p INDUSTRIALS Halma PLC Ordinary Shares 1769p 0.9% 1785p 1167p LIFE INSURANCE Prudential PLC Ordinary Shares 1681p 3.0% 1962p 1325p MEDIA RELX PLC Ordinary Shares 1671p 2.5% 1782p 1467p MINING BHP Group PLC Ordinary Shares 1933p 4.7% 1950p 1286p Rio Tinto PLC Ordinary Shares 4665p 5.0% 4717p 3314p OIL & GAS BP PLC Ordinary Shares 569p 5.5% 603p 481p Royal Dutch Shell B PLC Ordinary Shares 2497p 5.8% 2845p 2227p NONLIFE INSURANCE Admiral Group PLC Ordinary Shares 2239p 5.3% 2260p 1840p SUPPORT SERVICES Bunzl PLC Ordinary Shares 2537p 2.0% 2554p 2059p DCC PLC Ordinary Shares 6944p 1.8% 7585p 5555p Experian PLC Ordinary Shares 2091p 1.7% 2134p 1535p Intertek PLC Ordinary Shares 5018p 2.0% 6084p 4323p Rentokil Initial PLC Ordinary Shares 364p 1.2% 364p 267p TRAVEL & LEISURE Carnival PLC Ordinary Shares 3954p 3.9% 5030p 3611p Compass Group PLC Ordinary Shares 1825p 2.1% 1831p 1435p UTILITIES National Grid PLC Ordinary Shares 835p 5.6% -
REAL ESTATE July 2020
LISTED MARKETS – REAL ESTATE July 2020 Leo Zielinski Partner Tel. +44 (0)7980 809031 [email protected] John Rodgers Partner Tel. +44 (0)7810 307422 [email protected] Will Strachan Partner Tel. +44 (0)7929 885859 [email protected] Lloyd Davies We track the share price movement and regulatory announcements Partner of 57 real estate owning listed entities (“Gerald Eve tracked index”). Tel. +44 (0)7767 311254 A summary of the Gerald Eve tracked index in terms of GAV, NAV, [email protected] LTV, Dividend, Share Price, Market Cap, Discount/Premium to NAV and their respective weekly movement is attached. Lorenzo Solazzo Data Analyst We provide a comparison to share price data from 3 February 2020 Tel. +44 (0)783 309 5582 [email protected] (pre-Covid-19 level) to present day to demonstrate the impact across certain entities as a direct result of Covid-19. James Brown Surveyor As at 30 of June, the Gerald Eve tracked index is currently down 30% to pre- Tel. +44 (0)7464 656563 Covid-19 level, under-performing the FTSE350 which is slowly recovering and is [email protected] now down 16%. The tracked listed REITs share price decreased on average 3% since 1 June 2020 (March: -25%, April: +6%, May: -3%). To provide context around the share price movement, the average discount to NAV is currently 31% against 3% pre-Covid-19. It is unsurprising to note that specialist sector entities across Industrial, Healthcare and Supermarkets have out-performed the REIT universe relative to other strategies within the Gerald Eve tracked index. -
Mauritius Annual Report 2014.Pdf
Who we are 3 Our Vision 4 Our Values 5 Chairman’s Message 6 Managing Director’s Report 7 Review of Operations 9 Aviation 9 Marine 9 Liquefied Petroleum Gas (LPG) 10 Retail 10 Contents Commercial 11 Lubricants 12 Customer Service Centre 12 Product Supplies and Distribution 13 Human Resources 15 Corporate Social Responsibility 15 Health, Safety, Security and Environment 16 History of Vivo Energy in Mauritius 18 Directors’ Report 24 Secretary’s Report 27 Corporate Governance Report 28 Statement of Compliance 53 Independent Auditor’s Report 54 Income Statement 55 Statement of Comprehensive Income 55 Statement of Financial Position 56 Statement of Changes In Equity 57 Statement of Cash Flows 58 Notes to the Financial Statements 59 Vivo Energy Mauritius Limited Annual Report 2014 1 A strong and growing presence in 16 countries across Africa Who we are - Vivo Energy is the company behind the Shell brand in Africa and is jointly owned by Vitol, Helios Investment Partners and Shell. The company has a strong and growing presence in 16 countries across Africa. It sources, distributes, markets and supplies Shell’s high-quality fuels and lubricants to retail and commercial customers across the continent. Vivo Energy was established on 01 December 2011 to distribute and market Shell-branded fuels and lubricants. Vitol and Helios each own 40% of Vivo Energy, with Shell holding the remaining 20%. Shell and Vivo Lubricants is 50% owned by Shell and 50% owned by Vitol and Helios Investment Partners. Vivo Energy operates in Retail, Commercial Fuels, Marine, Aviation (in partnership with Vitol Aviation), Liquefied Petroleum Gas and Lubricants in Mauritius. -
Annual Report and Audited Financial Statements
Annual report and audited financial statements BlackRock Charities Funds • BlackRock Armed Forces Charities Growth & Income Fund • BlackRock Catholic Charities Growth & Income Fund • BlackRock Charities Growth & Income Fund • BlackRock Charities UK Bond Fund • BlackRock Charities UK Equity ESG Fund • BlackRock Charities UK Equity Fund • BlackRock Charities UK Equity Index Fund For the financial period ended 30 June 2020 Contents General Information 2 About the Trust 3 Charity Authorised Investment Fund 4 Charity Trustees’ Investment Responsibilities 4 Fund Manager 4 Significant Events 4 Investment Report 5 Report on Remuneration 15 Accounting and Distribution Policies 21 Financial Instruments and Risks 24 BlackRock Armed Forces Charities Growth & Income Fund 37 BlackRock Catholic Charities Growth & Income Fund 56 BlackRock Charities Growth & Income Fund 74 BlackRock Charities UK Bond Fund 95 BlackRock Charities UK Equity ESG Fund 111 BlackRock Charities UK Equity Fund 125 BlackRock Charities UK Equity Index Fund 138 Statement of Manager’s and Trustee’s Responsibilities 162 Independent Auditor’s Report 165 Supplementary Information 169 1 General Information Advisory Committee Members - BlackRock manager of the Funds, each of which is an alternative Armed Forces Charities Growth & Income investment fund for the purpose of the Alternative Fund: Investment Fund Managers Directive. Mr Michael Baines (Chairman) Mr Guy Davies Directors of the Manager Major General A Lyons CBE G D Bamping* Major General Ashley Truluck CB, CBE M B Cook Colonel -
To Arrive at the Total Scores, Each Company Is Marked out of 10 Across
BRITAIN’S MOST ADMIRED COMPANIES THE RESULTS 17th last year as it continues to do well in the growing LNG business, especially in Australia and Brazil. Veteran chief executive Frank Chapman is due to step down in the new year, and in October a row about overstated reserves hit the share price. Some pundits To arrive at the total scores, each company is reckon BG could become a take over target as a result. The biggest climber in the top 10 this year is marked out of 10 across nine criteria, such as quality Petrofac, up to fifth from 68th last year. The oilfield of management, value as a long-term investment, services group may not be as well known as some, but it is doing great business all the same. Its boss, Syrian- financial soundness and capacity to innovate. Here born Ayman Asfari, is one of the growing band of are the top 10 firms by these individual measures wealthy foreign entrepreneurs who choose to make London their operating base and home, to the benefit of both the Exchequer and the employment figures. In fourth place is Rolls-Royce, one of BMAC’s most Financial value as a long-term community and environmental soundness investment responsibility consistent high performers. Hardly a year goes past that it does not feature in the upper reaches of our table, 1= Rightmove 9.00 1 Diageo 8.61 1 Co-operative Bank 8.00 and it has topped its sector – aero and defence engi- 1= Rotork 9.00 2 Berkeley Group 8.40 2 BASF (UK & Ireland) 7.61 neering – for a decade. -
Rising to the Challenge a Review of Risk and Viability Disclosures in September 2015 Annual Reports January 2016 Contents
Rising to the challenge A review of risk and viability disclosures in September 2015 annual reports January 2016 Contents 1. Introduction 0105 2. Acid test 02 3. Have companies improved their risk disclosures? 03 4. Have boards risen to the viability statement challenge? 07 5. How well do companies explain their monitoring of risk management and internal control systems and the review of their effectiveness? 12 6. Conclusion 15 7. Appendix: companies reviewed 16 8. Contacts 17 1. Introduction Since the Financial Reporting Council (FRC) updated the UK Our sample of 14 ARAs is relatively small as we reviewed only Corporate Governance Code (the ‘2014 Code’) in September 2014, those FTSE 350 companies that had published their ARAs by 6 the new provisions on risk management and viability have been the January 2016.1 We scoped our review in this way in the interests subject of widespread discussion. of providing our observations as quickly as possible, so that they may be of help to premium listed companies with December 2015 In particular, and unsurprisingly, the new viability statement has year-ends as they finalise their processes to comply with the 2014 taken centre stage. With its roots in the findings of the Sharman Code and draft their ARA disclosures. Inquiry, this new requirement represents a shift in the way companies and their boards need to publicly articulate their view Our review focused on the disclosures companies made, but as of the company’s prospects and, for some, in the way they think we have emphasised previously,2 the viability statement is the end about and prepare for the future. -
Consultation Statement
Maidstone Borough Council Affordable and Local Needs Housing Supplementary Planning Document Consultation Statement 21st August 2019 1 Maidstone Borough Council - Consultation Statement 1.1 Maidstone Borough Council (MBC) has recently adopted its Local Plan (October 2017) and this includes a commitment to produce an Affordable and Local Needs Housing Supplementary Planning Document (the SPD). 1.2 Adams Integra have been instructed to compile an SPD which is intended to facilitate negotiations and provide certainty for landowners, lenders, housebuilders and Registered Providers regarding MBC’s expectations for affordable and local needs housing provision in specific schemes. 1.3 The purpose of this Supplementary Planning Document (SPD) is to provide advice on how the Council’s Local Plan housing policies are to be implemented. 1.4 In order to facilitate the preparation of the SPD we (Adams Integra) consulted with the following persons and organisations: David Banfield Redrow Homes Barry Chamberlain Wealden Homes Tim Daniels Millwood Designer Homes Paul Dawson Fernham Homes Rosa Etherington Countryside Properties PLC Chris Lilley Redrow Homes Chris Loughead Crest Nicholson Iain McPherson Countryside Properties PLC Stuart Mitchell Chartway Group Chris Moore Bellway Guy Osborne Country House Developments Kathy Putnam Chartway Group James Stevens Home Builders Federation Julian Wilkinson BDW Homes Kerry Kyriacou Optivo Adetokunbo Adeyeloja Golding Homes Sarah Paxton Maidstone Housing Trust Joe Scullion Gravesend Churches Housing Association Gareth Crawford Homes Group Mike Finch Hyde HA Russell Drury Moat HA Keiran O'Leary Orbit HA Chris Cheesman Clarion Housing Micheal Neeh Sanctuary HA Colin Lissenden Town and Country West Kent HA Guy Osbourne Country House Homes Katherine Putnam Chartway Group Annabel McKie Golding Homes Councillors at Maidstone Maidstone Borough Council Borough Council 2 Maidstone Borough Council - Consultation Statement 1.5 We sent out separate questionnaires to Housing Associations and Developers which have been appended to this statement. -
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. -
KPMG Equity Capital Markets Review H1 2018
Equity Capital Markets Half Year Review H1 2018 kpmg.com/uk/equitycapitalmarkets 1 Equity Capital Markets review – H1 2018 H1 2018: Equity Capital Markets review H1 2018 snapshot The first half of 2018 ended strongly generating positive momentum in equity issuance especially in the UK where volumes were up. Overall, however, global ECM volumes were slightly lower versus H2 2017, continuing a trend seen since H1 2017 Overall, global equity issuance was slightly lower in H1 2018 versus H2 2017 Global Europe UK Funds raised Funds raised Funds raised (£000m) (£000m) (£000m) 25 400 125 20 issuance 100 300 15 75 200 10 50 100 5 25 0 Total ECM 0 0 H1 H2 H1 H2 H1 H1 H2 H1 H2 H1 H1 H2 H1 H2 H1 2016 2016 2017 2017 2018 2016 2016 2017 2017 2018 2016 2016 2017 2017 2018 IPOs Right Issues Placings Germany and the UK lead European ECM in H1 Largest 3 European and UK IPOs £20.1bn Siemens Healthineers AG £3.7bn highlights DWS Group GmbH £19.2bn & Co. KGaA £1.2bn Adyen BV European ECM European ECM £4.4bn £834m A very active half year for AIM IPOs beating H1 2017 and offsetting lower Main Market volumes Main Market AIM Funds raised Funds raised (£000m) No. deals (£000m) No. deals 41 IPOs 8 40 1.5 50 16% decrease on H1 2017 6 30 1.2 40 0.9 30 4 20 0.6 20 2 10 0.3 10 £4.3bn Funds Raised 0 0 0.0 0 H1 H2 H1 H2 H1 H1 H2 H1 H2 H1 44% decrease on H1 2017 2016 2016 2017 2017 2018 2016 2016 2017 2017 2018 Deal value Focus # Deals IPO UK IPO Key sectors Strong aftermarket performance of UK IPOs in H1 2018 Financial Services Main Market AIM £1,409m raised (13 deals) -
Agenda Item 6E
Agenda Item 6e, Attachment 4, Page 1 of 7 2018 Northern Ireland Holdings Report Companies with operations in Northern Ireland "compliant with principles of non-discrimination" Company Name Country 3M COMPANY US AECOM US AIB GROUP PUBLIC LIMITED COMPANY Ireland AIR PRODUCTS AND CHEMICALS, INC. US Aktiebolaget Electrolux Sweden Allianz SE Germany AMAZON.COM, INC. US AMETEK, INC. US AON PLC United Kingdom APPLE INC. US ASSOCIATED BRITISH FOODS PLC United Kingdom ASTRAZENECA PLC United Kingdom ATOS SE France AVIS BUDGET GROUP, INC. US AVIVA PLC United Kingdom AVON PRODUCTS, INC. United Kingdom AVX CORPORATION US BANCO SANTANDER, S.A. Spain BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY Ireland BARCLAYS PLC United Kingdom BAXTER INTERNATIONAL INC. US BEMIS COMPANY, INC. US BLACK BOX CORPORATION US BOMBARDIER INC. Canada BOUYGUES S.A. France BRITVIC PLC United Kingdom BT GROUP PLC United Kingdom BUNZL PUBLIC LIMITED COMPANY United Kingdom C & C GROUP PUBLIC LIMITED COMPANY Ireland CANON INC. Japan CAPITA PLC United Kingdom Capri Holdings Limited United Kingdom CATERPILLAR INC. US CBRE GROUP, INC. US CDW CORPORATION US CITIGROUP INC. US CLEAR CHANNEL OUTDOOR HOLDINGS, INC. US CLOSE BROTHERS GROUP PLC United Kingdom CME GROUP INC. US Coca-Cola HBC AG Switzerland COLUMBUS MCKINNON CORPORATION US COMPAGNIE DE SAINT-GOBAIN S.A. France COMPASS GROUP PLC United Kingdom COWEN INC. US Agenda Item 6e, Attachment 4, Page 2 of 7 2018 Northern Ireland Holdings Report Companies with operations in Northern Ireland "compliant with principles of non-discrimination" Company Name Country CRAWFORD & COMPANY US CRH PUBLIC LIMITED COMPANY Ireland DANSKE BANK A/S Denmark DCC PUBLIC LIMITED COMPANY Ireland Deutsche Post AG Germany DFDS A/S Denmark DIXONS CARPHONE PLC United Kingdom DOMINO'S PIZZA GROUP PLC United Kingdom DOWDUPONT INC. -
Contract Leads Powered by EARLY PLANNING Projects in Planning up to Detailed Plans Submitted
Contract Leads Powered by EARLY PLANNING Projects in planning up to detailed plans submitted. PLANS APPROVED Projects where the detailed plans have been approved but are still at pre-tender stage. TENDERS Projects that are at the tender stage CONTRACTS Approved projects at main contract awarded stage. NORTHAMPTON £3.7M CHESTERFIELD £1M Detail Plans Granted for 2 luxury houses The Coppice Primary School, 50 County Council Agent: A A Design Ltd, GRIMSBY £1M Studios, Trafalgar Street, Newcastle-Upon- Land Off, Alibone Close Moulton Recreation Ground, North Side New Client: Michael Howard Homes Developer: Shawhurst Lane Hollywood £1.7m Aizlewood Road, Sheffield, South Yorkshire, Grimsby Leisure Centre, Cromwell Road Tyne, Tyne & Wear, NE1 2LA Tel: 0191 2611258 MIDLANDS/ Planning authority: Daventry Job: Outline Tupton Bullworthy Shallish LLP, 3 Quayside Place, Planning authority: Bromsgrove Job: Detail S8 0YX Contractor: William Davis Ltd, Forest Planning authority: North East Lincolnshire Plans Granted for 16 elderly person Planning authority: North East Derbyshire Quayside, Woodbridge, Suffolk, IP12 1FA Tel: Plans Granted for school (extension) Client: Field, Forest Road, Loughborough, Job: Detailed Plans Submitted for leisure Plans Approved EAST ANGLIA bungalows Client: Gayton Retirement Fund Job: Detail Plans Granted for 4 changing 01394 384 736 The Coppice Primary School Agent: PR Leicestershire, LE11 3NS Tel: 01509 231181 centre Client: North East Lincolnshire BILLINGHAM £0.57M & Beechwood Trusteeship & Administration rooms pavilion -
Herbert Smith Freehills Boosts London Corporate Capability with Ecm Partner Hire
HERBERT SMITH FREEHILLS BOOSTS LONDON CORPORATE CAPABILITY WITH ECM PARTNER HIRE 23 June 2020 | London Firm news Leading global law firm Herbert Smith Freehills has hired Michael Jacobs to join its market leading Global Corporate practice as an Equity Capital Markets partner in London. Michael joins the firm from Allen & Overy where he was a partner. He returns to London from Hong Kong, where he has spent the last three years. Michael is an equity capital markets specialist and has represented listed companies, underwriters and investors on initial public offerings, secondary offerings and other strategic equity transactions. He also regularly advises listed corporates on the equity capital markets implications of public and private M&A transactions and restructurings. Prior to relocating to Hong Kong, Michael acted on the initial public offerings of Worldpay, Virgin Money, Hastings Insurance, Neinor Homes and The Gym Group and secondary capital raises by companies including Great Portland Estates, Sirius Minerals, Ophir Energy, Capitec Bank, GKN, Vedanta Energy and the recapitalisation and consensual bail in of the Co- operative Bank. Michael is recommended by Legal 500 for equity capital markets transactions. Michael also has considerable experience across mainstream corporate finance transactions, including public and private M&A, board-level corporate advisory work, restructurings and regulatory advice for clients including advising on cross-border deals which span a wide range of sectors, including financial institutions, fintech and growth capital. His M&A experience includes advising on Banco de Sabadell’s takeover of TSB Banking Group and the acquisition of Northern Rock by Virgin Money, as well as on transactions for Ping An, Go-Jek, Discovery Capital and Roivant Sciences during his time in Hong Kong.