DOCSLIB.ORG

Spectris Plc Annual Report and Accounts 2010

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Spectris Plc Annual Report and Accounts 2010 Spectris plc Annual Report and Accounts 2010 This interactive pdf allows you to easily access the information that you want, whether printing, searching for a specific item or going directly to another page, section or website. Use the document controls located at the bottom of each page to navigate through this report. Use the contents to jump straight to the section you require. Key Search the entire document by keyword Print a single page or whole sections Return to contents Next page Previous page Links Throughout this report there are links to pages and other sections for additional information. Examples: This is an example of how the links appear within this document. They are recognisable by the purple underline: simply click to go to the relevant page. RMANCE REDUCING DOWNTIME ENHAN CING PRODUCTIVIT Y IMPROVING PERFO RMANCE REDUCING DOWNTIME ENHAN C I N G P R O D U C T I V I T Y IMPROVING PERFO RMANCE REDUCING DOWNTIME ENH ANCING PRODUCTIVITY IMPROVING P ERFORMANCE REDUCING DOWNTIME ENHANCING PRODUCTIVITY IMPROVIN G PERFORMANCE REDUCING DOWNTI ME ENHANCING PRODUCTIVITY IMPR OVING PERFORMANCE ENHANCING P RODUCTIVITY IMPROVING PERFORMA PERFORMANCE REDUCING DOWNT I M E EN H A N CI N G P RO D U C T I V I T Y I M PROVING PERFORMANCE REDUCIN G DOWNTIME ENHANCING PRODUC TIVITY IMPROVING PERFORMANCE REDUCING DOWNTIME ENHANCING PRODUCTIVITY IMPROVING PERFOR MANCE REDUCING DOWNTIME ENH ANCING PRODUCTI VITY IMPROVING P ERFORMANCE ENH ANCING PRODUCT IVITY IMPROVING P ERFORMANCE RED UCING DOWNTIME Spectris plc Annual Report and Accounts 2010 Spectris is a leading supplier of productivity-enhancing Contents instrumentation and controls. Our products, applications Highlights and services help customers to improve product quality Highlights 01 and performance, improve core manufacturing processes, Business Review reduce downtime and wastage and reduce time to Group Overview 02 market. Our businesses are leaders in the markets they Business Model 04 Strategy 06 serve, providing solutions for customers across a wide Key Performance Indicators 07 range of industries. Principal Risks 08 Chairman’s Statement 10 Chief Executive’s Review 12 Operating Review 14 Financial Review 24 Corporate Social Responsibility 29 Corporate Governance Board of Directors 34 Directors’ Report 36 Directors’ Remuneration Report 42 Financial Statements Auditor’s Report 51 Consolidated Statement of Income 52 Consolidated Statement of Comprehensive Income 53 Consolidated Statement of Changes in Equity 54 Consolidated Statement of Financial Position 55 Consolidated Statement of Cash Flows 56 Notes to the Accounts 57 Company Balance Sheet 94 Notes to the Company’s Accounts 95 Shareholder Information 101 The purpose of the annual report is to provide information to the shareholders of Spectris plc. The company, its directors, employees, agents and advisers do not accept or assume responsibility to any other person to whom this document is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. The annual report contains certain forward-looking statements with respect to the operations, performance and financial condition of the company. By their nature, these statements involve uncertainties since future events and circumstances can cause actual results to differ materially from those anticipated and no reliance should be placed on them. The forward-looking statements reflect knowledge and information available at the date of preparation The front cover of this report is printed on coated paper of this annual report and the company undertakes no obligation and the type in the graphic has an ultraviolet (UV) to update these forward-looking statements. Nothing in this radiation cured varnish. Paper coating control and annual report should be construed as a profit forecast. UV curing are key applications of our BTG and Fusion UV Systems businesses, respectively. Highlights Business Review Highlights Corporate Governance Financial Statements Revenue £m Much faster recovery in performance achieved than after previous (continuing businesses) 901.9 downturns 787.1 787.3 642.6 659.8 Strong sales and profits growth in all business segments, particularly in emerging markets Acquisitions strengthen Materials Analysis, In-line Instrumentation and Industrial Controls 2006 2007 2008 2009 2010 Robust conversion of operating profit to cash at 112% Adjusted operating profit £m (continuing businesses) 142.1 Net debt down by £38 million to £86 million; 0.5X EBITDA 118.3 104.3 Dividend up by 15% 83.2 79.2 Organic 2006 2007 2008 2009 2010 Change at change at 2010 2009 Change CER** CER*** Adjusted earnings per share (p) Key operational indicators £m Revenue 901.9 787.3 +14.6% +13.1% +11.6% 86.6 Adjusted operating profit* 142.1 79.2 +79% +77% +75% 72.8 Adjusted profit before tax* 132.3 68.2 +94% 58.1 Adjusted earnings per share* 86.6p 45.4p +91% 43.7 45.4 Adjusted return on sales* 15.8% 10.1% +5.7pp Cash conversion 112% 133% -21pp Dividend 28.0p 24.25p +15% Statutory 2006 2007 2008 2009 2010 Operating profit 127.9 68.5 +87% Dividend (p) Profit before tax 119.9 54.2 +121% Basic earnings per share 83.1p 36.9p +125% 28.0 23.4 24.25 * Adjusted figures exclude certain non-operational items, as defined in Note 3, but include restructuring and 21.0 post-acquisition integration costs of £0.8m (2009: £14.0m) ** Constant exchange rates 17.5 *** At constant exchange rates excluding acquisitions 2006 2007 2008 2009 2010 Spectris plc Annual report and accounts 2010 01 Group Overview Spectris is a leading supplier of productivity- enhancing instrumentation and controls. Our products, applications and services help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market, providing solutions across a wide range of industries. Our customers are multinational, blue-chip companies in a diverse range of end-user markets around the world. 2010 Sales by destination North Europe America % 36 Asia 25% (excluding China) 20% China 12% Latin America 3% Other rest of world: 4% Figures shown are % of total reported group sales 02 Spectris plc Annual report and accounts 2010 Highlights Business Review Corporate Governance Financial Statements The group comprises four business segments which reflect the applications and end-user industries we serve. Our businesses are leaders in the markets they serve with strong brands and market-leading products. Laboratory/off-line Process/manufacturing Our products help customers to improve accuracy and speed of materials Our products and applications provide precision measurement and control analysis in the laboratory and in process manufacturing applications. in challenging operating environments, ensuring process quality, asset We also provide test and measuring equipment for research and uptime, safety and improved yield. We also provide automation and development applications. control products for the discrete manufacturing industries. Materials Analysis Test and Measurement In-line Instrumentation Industrial Controls Provides a wide range of Supplies test, measurement and Provides process analytical Supplies automation and analytical instrumentation and analysis equipment and software measurement, asset monitoring control products for the discrete systems for particle and material for product design optimisation, and on-line controls for both manufacturing industries. characterisation. manufacturing control and primary processing and the environmental monitoring. converting industries. Applications Applications Applications Applications > Material characterisation > Measurement > Quality control > Product tracking > Contamination detection > Data acquisition and processing > Process technology > Machine interface > Quality control > Simulation > Safety > Industrial networking Industries Industries Industries Industries > Pharma/life sciences > Automotive > Process industries > General manufacturing > Metals/mining > Aerospace > Pulp and paper > Machine building > Semiconductor/electronics > Electronics > Energy > Distributors > Research institutes > Environmental > Converting Group contribution Group contribution Group contribution Group contribution 30% 28% 33% 24% 30% 41% 7% 7% Sales* Profit** Sales* Profit** Sales* Profit** Sales* Profit** Operating companies Operating companies Operating companies Operating companies > Malvern Instruments > Brüel & Kjær Sound & Vibration > Beta LaserMike > Microscan > PANalytical > HBM > Brüel & Kjær Vibro > Red Lion Controls > Particle Measuring Systems > BTG Group > Fusion UV Systems > NDC Infrared Engineering > Servomex * Reported sales ** Adjusted operating profit Spectris plc Annual report and accounts 2010 03 Business Model In order to execute our strategy successfully, we are organised in a way that combines the benefits of a multinational group whilst maintaining the entrepreneurial culture of our operating companies. Organisational Operating structure model Best practice Control transfer framework Product Strong manufacturing customer focus Acquisitions Powerful revenue drivers Organisational structure Our group comprises four business segments which reflect the end-user industries and applications we serve, as shown on page 3. Each segment contains a number of operating companies, with dedicated management teams having a high degree of responsibility and accountability, and operating within a framework of group management and control. Operating model Central to this approach is a limited
Load more

Recommended publications
  • Xtrackers Etfs
    Xtrackers*/** Société d’investissement à capital variable R.C.S. Luxembourg N° B-119.899 Unaudited Semi-Annual Report For the period from 1 January 2018 to 30 June 2018 No subscription can be accepted on the basis of the financial reports. Subscriptions are only valid if they are made on the basis of the latest published prospectus of Xtrackers accompanied by the latest annual report and the most recent semi-annual report, if published thereafter. * Effective 16 February 2018, db x-trackers changed name to Xtrackers. **This includes synthetic ETFs. Xtrackers** Table of contents Page Organisation 4 Information for Hong Kong Residents 6 Statistics 7 Statement of Net Assets as at 30 June 2018 28 Statement of Investments as at 30 June 2018 50 Xtrackers MSCI WORLD SWAP UCITS ETF* 50 Xtrackers MSCI EUROPE UCITS ETF 56 Xtrackers MSCI JAPAN UCITS ETF 68 Xtrackers MSCI USA SWAP UCITS ETF* 75 Xtrackers EURO STOXX 50 UCITS ETF 80 Xtrackers DAX UCITS ETF 82 Xtrackers FTSE MIB UCITS ETF 83 Xtrackers SWITZERLAND UCITS ETF 85 Xtrackers FTSE 100 INCOME UCITS ETF 86 Xtrackers FTSE 250 UCITS ETF 89 Xtrackers FTSE ALL-SHARE UCITS ETF 96 Xtrackers MSCI EMERGING MARKETS SWAP UCITS ETF* 111 Xtrackers MSCI EM ASIA SWAP UCITS ETF* 115 Xtrackers MSCI EM LATIN AMERICA SWAP UCITS ETF* 117 Xtrackers MSCI EM EUROPE, MIDDLE EAST & AFRICA SWAP UCITS ETF* 118 Xtrackers MSCI TAIWAN UCITS ETF 120 Xtrackers MSCI BRAZIL UCITS ETF 123 Xtrackers NIFTY 50 SWAP UCITS ETF* 125 Xtrackers MSCI KOREA UCITS ETF 127 Xtrackers FTSE CHINA 50 UCITS ETF 130 Xtrackers EURO STOXX QUALITY
    [Show full text]
  • 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]
  • UK Annual Report 2015 (Including the Transparency Report)
    Investing to become the Clear Choice UK Annual Report 2015 (including the Transparency Report) December 2015 KPMG.com/uk Highlights Strategic report Profit before tax and Revenue members’ profit shares £1,958m £383m (2014: £1,909m) (2014: £414m) +2.6% -7% 2013 2014 2015 2013 2014 2015 Average partner Total tax payable remuneration to HMRC £623k £786m (2014: £715K) (2014: £711m) -13% +11% 2013 2014 2015 2013 2014 2015 Contribution Our people UK employees KPMG LLP Annual Report 2015 Annual Report KPMG LLP 11,652 Audit Advisory Partners Tax 617 Community support Organisations supported Audit Tax Advisory Contribution Contribution Contribution £197m £151m £308m (2014: £181m) (2014: £129m) (2014: £324m) 1,049 +9% +17% –5% (2014: 878) © 2015 KPMG LLP, a UK limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Strategic report Contents Strategic report 4 Chairman’s statement 10 Strategy 12 Our business model 16 Financial overview 18 Audit 22 Solutions 28 International Markets and Government 32 National Markets 36 People and resources 40 Corporate Responsibility 46 Our taxes paid and collected 47 Independent limited assurance report Governance 52 Our structure and governance 54 LLP governance 58 Activities of the Audit & Risk Committee in the year 59 Activities of the Nomination & Remuneration Committee in the year KPMG in the UK is one of 60 Activities of the Ethics Committee in the year 61 Quality and risk management the largest member firms 2015 Annual Report KPMG LLP 61 Risk, potential impact and mitigations of KPMG’s global network 63 Audit quality indicators 66 Statement by the Board of KPMG LLP providing Audit, Tax and on effectiveness of internal controls and independence Advisory services.
    [Show full text]
  • Fiscal Quarter-End Holdings (Pdf)
    Quarterly Schedules of Portfolio Holdings International & Global Funds July 31, 2020 Retirement Institutional Administrative Investor Class Class Class Class Harbor Diversified International All Cap Fund HNIDX HAIDX HRIDX HIIDX Harbor Emerging Markets Equity Fund HNEMX HAEMX HREMX HIEEX Harbor Focused International Fund HNFRX HNFSX HNFDX HNFIX Harbor Global Leaders Fund HNGIX HGGAX HRGAX HGGIX Harbor International Fund HNINX HAINX HRINX HIINX Harbor International Growth Fund HNGFX HAIGX HRIGX HIIGX Harbor International Small Cap Fund HNISX HAISX HRISX HIISX Harbor Overseas Fund HAORX HAOSX HAOAX HAONX Table of Contents Portfolios of Investments HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND. ..... 1 HARBOR EMERGING MARKETS EQUITY FUND . .......... 8 HARBOR FOCUSED INTERNATIONAL FUND. ................................. 11 HARBOR GLOBAL LEADERS FUND. ................. 13 HARBOR INTERNATIONAL FUND . 15 HARBOR INTERNATIONAL GROWTH FUND . ........................ 21 HARBOR INTERNATIONAL SMALL CAP FUND. ................. 24 HARBOR OVERSEAS FUND . ............................................ 26 Notes to Portfolios of Investments ..................................... 31 Harbor Diversified International All Cap Fund PORTFOLIO OF INVESTMENTS—July 31, 2020 (Unaudited) Value, Cost, and Principal Amounts in Thousands COMMON STOCKS—96.4% COMMON STOCKS—Continued Shares Value Shares Value AEROSPACE & DEFENSE—0.7% BANKS—Continued 28,553 Airbus SE (France)* .............................. $ 2,090 236,142 Svenska Handelsbanken AB (Sweden) ............... $
    [Show full text]
  • Virtus Allianzgi International Small-Cap Fund
    Virtus AllianzGI International Small-Cap Fund as of : 08/31/2021 (Unaudited) SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO ASMedia Technology Inc 23,000 $1,722,085 2.04 % Unimicron Technology Corp 319,000 $1,697,819 2.01 % Evotec SE 33,494 $1,664,973 1.97 % Georg Fischer AG 954 $1,565,779 1.85 % Grafton Group PLC 80,693 $1,549,843 1.83 % Elkem ASA 361,810 $1,541,414 1.82 % Genus PLC 18,880 $1,540,558 1.82 % Howden Joinery Group PLC 118,070 $1,534,979 1.82 % Interroll Holding AG 340 $1,511,111 1.79 % Cancom SE 22,963 $1,510,768 1.79 % Spectris PLC 27,520 $1,490,733 1.76 % ASM International NV 3,841 $1,490,287 1.76 % Soitec 6,191 $1,479,549 1.75 % Intermediate Capital Group PLC 48,932 $1,478,686 1.75 % Aperam SA 23,199 $1,423,300 1.68 % Fuji Electric Co Ltd 32,600 $1,411,980 1.67 % Wienerberger AG 35,448 $1,391,268 1.65 % Bechtle AG 19,089 $1,379,858 1.63 % Jungheinrich AG Pref 24,964 $1,348,243 1.60 % Storebrand ASA 151,651 $1,346,924 1.59 % JMDC Inc 19,500 $1,336,454 1.58 % 1 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Industrial & Infrastructure Fund Investment Corp 653 $1,312,945 1.55 % ValueCommerce Co Ltd 31,900 $1,309,171 1.55 % Jeol Ltd 17,700 $1,308,013 1.55 % Tokyu Fudosan Holdings Corp 225,200 $1,303,935 1.54 % ASR Nederland NV 28,191 $1,288,854 1.53 % Huhtamaki Oyj 24,096 $1,286,286 1.52 % Crest Nicholson Holdings plc 221,947 $1,280,994 1.52 % Aak Ab 53,435 $1,278,063 1.51 % Jenoptik AG 35,252 $1,272,856 1.51 % Auto Trader Group PLC 146,909 $1,270,441 1.50 % Elis SA 71,514 $1,264,914 1.50 % Sojitz Corp 415,100 $1,218,718
    [Show full text]
  • 2019 Annual Report
    Keeping the world flowing for future generations Annual Report 2019 Rotork is a market-leading global provider of mission- critical flow control and instrumentation solutions for oil and gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Cover story Rotork’s energy-efficient actuators can be powered by solar panels and batteries enabling the reliable management of water, including in remote locations Highlights Financial £669m KPI Revenue 2019 £669.3m 2018 £695.7m 2017 £642.2m 2016 00% £151m Adjusted* operating profit 2019 £151.0m 2018 £146.0m 2017 £130.2m 2016 00% 22.6% KPI Adjusted* operating profit margin 2019 22.6% 2018 21.0% 2017 20.3% 2016 00% £124m KPI Profit before tax 2019 £124.1m 2018 £120.7m 2017 £80.6m 2016 00% * Adjusted figures exclude the amortisation of acquired intangible assets and net restructuring costs See our full KPIs on page 48 Contents Non-financial 50%+ 23% Employees owning shares Women in senior roles 7.3 6.2 Engagement survey score Pace of change survey score -9% -22% KPI Carbon emissions (YoY) KPI Lost time injury rate (YoY) • Rotork is proud to have well above average employee share ownership. We offer employees the opportunity to own Rotork shares in all geographic locations where it is practicable to do so • Our Hampton-Alexander ‘Women on Executive Committee and Direct Reports’ figure increased in 2019 to 23.1%, from 17.4% in 2018 Overview • The ‘engagement’ survey question asks employees how they rate Rotork as 2 Rotork at a glance a place to work.
    [Show full text]
  • Sustainable Investment Report Second Quarter 2020
    Sustainable Investment Report Second quarter 2020 For Financial Intermediary, Institutional and Consultant Use Only. Not for redistribution under any circumstances. Contents 1 12 Introduction Stewardship Insights Is the time ripe for virtual AGMs? Engagement in practice: Barclays’ climate shareholder resolution Engagement in practice: Contributing to influencing the boards of big banks Engagement in practice: Drax’s transition to cleaner power 2 17 Sustainability Insights Stewardship Activity A new social contract – how are Engagement in numbers companies treating their employees as the Covid-19 crisis unfolds? Voting in numbers Keeping food on the table during Total company engagement Covid-19, but at what cost? Engagement progress Will Covid-19 prove a pivotal moment for climate change? How climate change may impact financial markets As we begin the process of unwinding global lockdown, the inevitable scrutiny of what we could have done better is underway. There are plenty of ways we can learn from the crisis and perhaps when the anticipated second wave comes, we will be better prepared. Sustainable investing has been under the spotlight throughout the crisis; we now look to what this might mean in a post- Covid-19 world. Hannah Simons Head of Sustainability Strategy For many people, sustainable investment has historically focused In a Q&A with two of our economists, Craig Botham and Irene on environmental considerations. The crisis has seen a rise in the Lauro, we also unveil our latest long-term market forecasts, which focus on the ‘S’ part of ESG. We’ve long argued that companies for the first time incorporate the impact of climate change.
    [Show full text]
  • Financial Highlights
    HOLBORN GATE, 26 SOUTHAMPTON BUILDINGS LONDON WC2A 1PB, UK TEL +44 (0)20 7831 3113 FAX +44 (0)20 7831 7961 2 March 2005 Rotork p.l.c. Preliminary Announcement Excellent growth in all three divisions with strong closing order book. Financial Highlights • Turnover up 8% to £146.9m (12.6% at constant currency) • EBIT before goodwill up 9.6% to £31.1m (19.6% at constant currency) • Year end order book up 11.5% year on year • Dividend for the year including special dividend up 42% Operational review • Excellent growth in all three divisions • Good business levels in most markets • Strong take up of new IQT product line • Continued high levels of growth achieved by Rotork Fluid System Chief Executive Bill Whiteley, commenting on the results said: “2004 was characterised by a strengthening demand for our products in key markets which allowed us to make good progress in spite of a strong currency headwind. The principal highlights were the excellent take up of our new IQT actuator….. and the continued exceptional growth of our Fluid System division.” For further information, please contact: Rotork p.l.c. Tel: 01225 733200 Bill Whiteley, Chief Executive Bob Slater, Finance Director Financial Dynamics Tel: 020 7269 7224 Sally Lewis 2 Chairman’s Statement Introduction Growth in all of Rotork’s main business areas combined to achieve further significant advances in overall sales, operating profit and earnings per share. Despite a weak US dollar, Group turnover increased by 8.0% (12.6% at constant currency) to £146.9m with operating profit before goodwill ahead 9.6% (19.6% at constant currency) at £31.1m.
    [Show full text]
  • EDENTREE RESPONSIBLE and SUSTAINABLE UK EQUITY FUND SHARE CLASS a July 2021
    FUND FACTSHEET EDENTREE RESPONSIBLE AND SUSTAINABLE UK EQUITY FUND SHARE CLASS A July 2021 Investment Objective Fund Manager Commentary To achieve long-term capital appreciation over July saw the FTSE 100, FTSE 250 and FTSE small cap return 0.6%, 3.0% and 0.1% respectively. The five years or more and an income, through a prime minister announced a move to step four of the government’s coronavirus easing plan which saw diversified portfolio of UK companies. The the end of the work from home guidance, enforced wearing of face coverings and social distancing rules. EdenTree Responsible and Sustainable UK In terms of portfolio activity we took part in the IPO of Microlise, a leading provider of transport Equity Fund aims to invest at least 80% in UK management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. companies whose primary listing is in the UK We added to the positions in Spectris, Johnson Services, Keller Group, National Express, Close Brothers, by investing in a portfolio of companies which Taylor Wimpey, Smith & Nephew, Prudential, Bioventix, WH Smith, IP Group, Sabre Insurance, James make a positive contribution to society and the Fisher & Sons, Clinigen, Mattioli Woods and Hotel Chocolat. We participated in a capital raise by Hotel environment through sustainable and socially Chocolat, with the funding being used to increase long term sales capacity. Fund outperformance was responsible practices. due to being overweight in Pharmaceuticals & Biotechnology, Electronic & Electrical Equipment and Construction Materials. At a stock level, the positions in Dechra Pharmaceuticals, Genus and Halma Fund Manager aided performance, whilst Sabre Insurance and Smith & Nephew were a drag.
    [Show full text]
  • FTF - FTF Franklin UK Rising Dividends Fund August 31, 2021
    FTF - FTF Franklin UK Rising Dividends Fund August 31, 2021 FTF - FTF Franklin UK Rising August 31, 2021 Dividends Fund Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the semi- and annual financial statements of the fund. Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date 0673123 ASSOCIATED BRITISH FOODS PLC 155,000 £3,069,000 2.01% N/A N/A 0989529 ASTRAZENECA PLC 84,000 £7,151,760 4.68% N/A N/A 0263494 BAE SYSTEMS PLC 575,000 £3,268,300 2.14% N/A N/A BYQ0JC6 BEAZLEY PLC 680,000 £2,662,200 1.74% N/A N/A 3314775 BLOOMSBURY PUBLISHING PLC 660,000 £2,329,800 1.52% N/A N/A B3FLWH9 BODYCOTE PLC 275,000 £2,652,375 1.74% N/A N/A 0176581 BREWIN DOLPHIN HOLDINGS
    [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]
  • 2019 Annual Report and Accounts
    Spectris plc plc Spectris Annual Report and Accounts 2019 Value beyond measure Value beyond measure Spectris plc Annual Report and Accounts 2019 Our purpose Precision is at the heart of what we do. Spectris provides customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, and analytical and simulation software, we provide superior data and invaluable insights that enable our customers to work faster, smarter and more efficiently. This also equips them with the ability to reduce their time to market, improve processes, quality and yield. In this way, our know-how creates value for the wider society, as our customers manufacture and develop new products to make the world cleaner, healthier and more productive. Delivering value beyond measure. 2019 performance Financial Sales Adjusted operating profit1 Statutory operating profit £1,632.0m £258.1m £84.3m (2018: £1,604.2m) (2018: £248.3m) (2018: £176.4m) +1.7% +3.9% -52.2% LFL +0.4% LFL +3.7% Adjusted cash flow conversion1 Adjusted operating margin1 Statutory operating margin 91% 15.8% 5.2% (2018: 59%) (2018: 15.5%) (2018: 11.0%) +32pp +30bps -580bps LFL +50bps Dividend per share Adjusted earnings per share1 Statutory earnings per share 65.1p 168.0p 202.2p (2018: 61.0p) (2018: 164.9p) (2018: 157.6p) +6.7% +1.9% +28.3% 1 Alternative performance measures (‘APMs’) are used consistently throughout this Annual Report and are referred to as ‘adjusted’ or ‘like-for-like’ (‘LFL’). These are defined in full and reconciled to the statutory measures in Note 2 to the Financial Statements.
    [Show full text]