DOCSLIB.ORG

Annual Short Report Blackrock UK Income Fund

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Short Report Blackrock UK Income Fund ANNUAL SHORT REPort BLACKROCK UK INCOME FUND For the year ended 28 February 2015 BlackRock UK Income Fund Performance Record This Annual Short Report for the BlackRock UK Income Fund (the “Fund”) covers the year ended 28 February Capital (Unit Prices) 2015. The first six months were commented on in the Interim Report to 31 August 2014. A Income A Accumulation D Income D Accumulation Summary of Performance over the Period Units Units Units# Units† The Fund returned 11.7%* over the period from 1 March 2014 to 28 February 2015, significantly outperforming Highest Lowest Highest Lowest Highest Lowest Highest Lowest its benchmark, the FTSE All-Share Index, which returned 5.6%. During the six month period to 28 February Offer Bid Offer Bid Offer Bid Offer Bid 2015, the Fund returned 9.0%*, significantly outperforming its benchmark, which returned 4.1%. Price Price Price Price Price Price Price Price Calendar Year p p p p p p p p # The Fund delivered a yield of 3.4% compared to the FTSE All-Share Index’s 3.2%. Over a rolling three year 2015* 440.2 379.6 1,409 1,215 432.6 391.4 1,366 1,237 period (as stipulated by the Investment Association sector) the Fund has achieved its objective of delivering 110% of the yield of the Index. 2014 415.5 3 4 8 .1 1,330 1,107 407.7 358.3 1,287 1,125 Fund Managers’ Commentary 2013 391.9 333.0 1,222 1,013 382.6 340.2 1,175 1,019 One of the big surprises over the period was that the potential for a relatively modest rise in UK interest 2012 36 3.1 305.9 1,076 893.5 352.3 310.4 1,027 891.4 rates caused a disproportionately large reaction from equity markets. The change in guidance from the Bank of England about future interest rates caused investors to reassess risk levels and prompted a significant 2011 383.7 294.7 1,068 831.7 367.1 297.5 1,009 825.0 move away from medium-sized companies and those that are particularly sensitive to changes in rates. 2010 376.7 293.8 1,031 79 3.1 360.3 293.2 N/A N/A In the Fund, the largest positive contributor to performance was the holding in Shire following its proposed * To 28 February. # D Income class commenced April 2010. † D Accumulation class commenced June 2011. takeover by AbbVie. Following the bid and a significant rise in the share price, we sold our position but we did later buy back in at a lower price after the deal fell through. Reed Elsevier demonstrated the benefits of its consistent strategy, while other positive contributors included Carnival, Compass, British American Income (Net Distributions/Net Accumulations) Tobacco and Dixons Carphone. A Income A Accumulation D Income D Accumulation The main detractors were holdings in Spectris, Vodafone, Betfair and financial company Hargreaves Calendar Year Units Units Units# Units† Lansdown, after the fees it charges its customers came under greater pressure than had been expected. Pence per Unit Pence per Unit Pence per Unit Pence per Unit In the most recent six months, the major drivers of performance were its positions in Wolseley, Friends Life 2015* 9.19 5 9 2 9.18 9 6 9.5165 29.8388 and Howdens Joinery. 2014 10.0934 31.6250 11.14 0 9 34.5445 During the period we bought into Next, Lloyds and BT Group and added to existing holdings in Imperial Tobacco, Carnival and Friends Life. We reduced GlaxoSmithKline and Royal Dutch Shell and sold out of 2013 15.4153 46.2077 16 .115 4 47.5073 Reckitt Benckiser, Burberry and Marks & Spencer. 2012 13.6628 39.3027 14 .1767 37.2382 Eurozone economic activity is showing signs of improvement as the European Central Bank starts its 2011 13.0424 36.0543 12.9906 5.2782 massive spending programme in support of its economy (what is known as quantitative easing (“QE”)), but the end of QE in the US is contributing to high levels of uncertainty in the markets. We continue to 2010 12.5000 33.3400 4.4740 N/A focus on individual companies and their ability to determine their own future independent of any specific * To 30 April. # D Income class commenced April 2010. † D Accumulation class commenced June 2011. macroeconomic outcome. Companies that demonstrate they can grow through internal self-improvement and have a clear strategy to deploy the cashflow they generate are particularly attractive. Unit Price Summary March 2015 Unit Price as at Unit Price as at * Performance figures quoted are based on bid-to-bid dealing prices (the price at which units are sold) and are not the same as Unit Class 28 February 2015 28 February 2014 the net asset value reported in the financial statements which is at close of business. Performance is calculated net of fees and reported for the Fund’s class A Accumulation Units. A Income 410.4p 380.4p # Yield calculated as the sum of fund distributions over the past 12 months divided by the mid-price on 28 February 2015. A Accumulation 1,336p 1,19 4 p Distributions Payable D Income 423.6p 389.8p The final distribution payable on 30 April 2015 is 6.6959p net per income unit (30 April 2014: 2.5934p net A Income per income unit). D Accumulation 1,360p 1,208p The final accumulation distribution payable on 30 April 2015 is 21.2836p net per accumulation unit A Accumulation (30 April 2014: 8.1749p net per accumulation unit). The final distribution payable on 30 April 2015 is 6.9257p net per income unit (30 April 2014: 3.2286p net D Income per income unit). The final accumulation distribution payable on 30 April 2015 is 21.7416p net per accumulation unit D Accumulation (30 April 2014: 10.1819p net per accumulation unit). 2 BlackRock UK Income Fund BlackRock UK Income Fund 3 Fund Information Portfolio Information Summary of Investment Objective and Policy Five Largest Investments at 28 February 2015 The Fund aims to offer investors an above-average and growing income without sacrificing the % of Fund Value benefits of long-term capital growth. The Fund invests primarily in the shares of companies incorporated or listed in the UK. The Fund may also invest in collective investment schemes. British American Tobacco 5.48 Risk Profile AstraZeneca 4.92 The Fund is exposed to movements in UK stock markets which may cause the value of the Fund to fall Imperial Tobacco 4.83 or rise. HSBC 4.73 Fund Facts Reed Elsevier 3.88 Fund Managers Adam Avigdori & Mark Wharrier Establishment Date 15 February 1984 Five Largest Investments at 28 February 2014 Benchmark FTSE All-Share Index % of Fund Value Assets Under Management £361,286,293 Royal Dutch Shell class ‘B’ shares 6.89 Income Allocation Dates 31 January, 30 April, 31 July & 31 October British American Tobacco 5.42 Accounting Dates Last day of February & 31 August GlaxoSmithKline 5.25 Vodafone 4.42 Ongoing Charges The ongoing charges figures are based on expenses for the relevant period. These figures may vary Legal & General 4.35 from year to year. Classification of Investments Unit Class 1.3.2014 to 28.2.2015 1.2.2013 to 28.2.2014† 28 February 2015 A Income 1.67% 1.67% Banks Electronic & Electrical Equipment 28 February 2014 A Accumulation 1.67% 1.67% Financial Services D Income 0.92% 0.92% Fixed Line Telecommunication D Accumulation 0.92% 0.92% Food Producers General Industrial † Ongoing charges figures are based on annualised expenses for the period ended 28 February 2014. General Retailers Risk and Reward Profile Household Goods & Home Construction Industrial Engineering Lower risk Higher risk Typically lower rewards Typically higher rewards Industrial Transportation Unit Class Life Insurance A Income 1 2 3 4 5 6 7 Media Mining A Accumulation 1 2 3 4 5 6 7 Mobile Telecommunications D Income 1 2 3 4 5 6 7 Non-Life Insurance D Accumulation 1 2 3 4 5 6 7 Oil & Gas Producers Pharmaceuticals & Biotechnology The risk indicator was calculated incorporating historical or simulated historical data and may not be a reliable indication of the future risk profile of each unit class. The risk category shown is not guaranteed and may change Real Estate over time. The lowest category does not mean risk free. For more information on this, please see the Fund’s Key Support Services Investor Information Documents (KIIDs), which are available at www.blackrock.com. During the year, the risk Tobacco indicator of each unit class changed from level 6 to 5 due to a decline in market volatility. Travel & Leisure Other 0% 2% 4% 6% 8% 10% 12%14% % of the Fund 4 BlackRock UK Income Fund BlackRock UK Income Fund 5 All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and the return of your initial investment amount cannot be guaranteed. Changes in exchange rates may cause the value of an investment to fluctuate. For up-to-date prices and performance, please visit our website blackrock.co.uk. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Report and Accounts This report is to inform unitholders on the activities of the Fund during the reporting period, and the results of those activities at the end of the reporting period. For more information please contact the Manager.
Load more

Recommended publications
  • Howden Joinery Group Plc Annual Report & Accounts 2015
    Howden Joinery Group Plc Annual Report and Accounts 2015 Annual Report and Accounts 2015 …that has remained unchanged in good times Howden Joinery Group Plc Annual Report & Accounts 2015 and bad since we started the business in 1995: 01 The strategic report, directors’ report 02 and governance statements The strategic report Chairman’s statement 04 Chief Executive’s statement – our business model, market and strategy 06 Review of operations and finance 12 Going Concern, Viability Statement and other Statements of the Directors in connection with this Annual Report and Accounts 17 Principal risks and uncertainties 19 Corporate social responsibility 23 Directors’ report Board of Directors 36 Directors’ report 39 Governance statements Corporate Governance Report 41 Report of the Remuneration Committee 47 Audit Committee Report 67 Nominations Committee Report 73 The financial statements Consolidated income statement 78 Consolidated statement of comprehensive income 79 Consolidated balance sheet 80 Consolidated statement of changes in equity 81 Consolidated cash flow statement 82 Notes to the consolidated financial statements 83 Independent auditor’s report to the members of Howden Joinery Group Plc 123 Company balance sheet 127 Notes to the Company balance sheet 128 Parent company and subsidiary undertakings 132 Five year record 133 Shareholder ranges 134 Advisors and committees 135 Corporate timetable 136 Howden Joinery Group Plc Annual Report & Accounts 2015 REVENUE OPERATING GROSS 03 (UK) PROFIT MARGIN £1,203.8m £221.9m 64.3% (2014: £1,075.5m) (2014: £189.8m) (2014: 63.7%) YEAR END EARNINGS FULL YEAR CASH PER SHARE DIVIDEND £226.1m 27.3p 9.9p (2014: £217.7m) PER SHARE PER SHARE (2014: 24.6p) (2014: 8.4p) Chairman’s statement CONTINUING STRONG PERFORMANCE This is in addition to the £70m share repurchase programme 04 Over the last two decades Howdens has evolved and grown announced in February 2015, which has already returned to become the leading supplier of kitchens in the UK, focused £45m to shareholders.
    [Show full text]
  • Tb Evenlode Income
    TB EVENLODE INCOME MONTHLY FACTSHEET all data as at 31 May 2019 MANAGER COMMENTARY Fund Attributes The UK market fell in May, with worries over US/China trade tariffs not helpful for sentiment. In the UK, Emphasis on sustainable real dividend growth political uncertainty continues with Brexit unresolved and a new prime minister to be announced in July. Focus on companies with high returns on capital and Evenlode Income rose +0.8% compared to a fall of -3.1% for the IA UK All Companies sector and -3.0% strong free cash-flow for the UK market. Strongest contributors to the fund’s return included Smith & Nephew, Diageo and Low portfolio turnover, long-term holding periods Sage. All three companies reported positive trading updates with healthy revenue growth continuing. Minimum of 80% in UK shares and up to 20% in The most negative contributors were Victrex and Burberry. Both companies released results during the overseas shares and/or cash month that we found reassuring (with good strategic progress and strong cash generation). However, Invests across the market-cap spectrum their share prices weren’t helped by concerns over the global economic outlook. What are the Risks? In terms of portfolio changes, we were relatively active in May. We added a new holding in Bunzl, whose shares have fallen recently following a slowdown in sales growth. Bunzl provides its business customers As a focused equity portfolio of typically less than 40 with not-for-resale products such as napkins, plates, foil and safety glasses. It is the only global operator investments, the fund can involve higher risk and higher in a fragmented market with good long-term growth opportunities.
    [Show full text]
  • 2011 March Final
    Lancaster City Council - Spend Over £500 for March 2011 Net Amount Supplier Name Spending Service Nature of Spend Ledger Date Invoice Reference (excluding VAT) A1 Streamline Road Markings Limited Regeneration and Policy R & M - General 31/03/2011 14393 7845.00 A1 Supaskips Ltd Environmental Services Services - Waste Disposal 03/03/2011 38065 1414.50 A1 Supaskips Ltd Environmental Services Services - Waste Disposal 08/03/2011 38219 780.50 A1 Supaskips Ltd Environmental Services Services - Waste Disposal 24/03/2011 38615 515.00 A Beautiful Mummy Ltd Regeneration and Policy Business Development Grants 24/03/2011 22/03/11 1250.00 Abzorbed Entertainment Ltd Community Engagement Equipment and Tools - General 31/03/2011 19 3200.00 Adactus Housing Association Ltd Community Engagement Capital Grants 31/03/2011 AIV0099 23114.12 Advance Security (UK) Ltd Environmental Services Security Services 01/03/2011 CO040533 6139.64 Air Quality Consultants Ltd Health & Housing R & M - Air Quality Monitoring Station 28/03/2011 3647 1400.00 Air Quality Consultants Ltd Health & Housing Services - Air Quality Monitoring 31/03/2011 3682 2241.00 Air Quality Consultants Ltd Health & Housing Services - Air Quality Monitoring 31/03/2011 3683 2400.00 Air Quality Consultants Ltd Health & Housing Services - Air Quality Monitoring 31/03/2011 3684 4508.00 Airwave Solutions Ltd Health & Housing Equipment and Tools - General 23/03/2011 0900000205-018 2266.04 Alan Field Associates Community Engagement Exhibitions & Events - Guarantees 15/03/2011 AF1569 3500.00 Allied (Lancaster)
    [Show full text]
  • Official Top 500 2010
    Powered by OFFICIAL TOP 500 2010 BRAND RANK INDEX CATEGORY MICROSOFT 1 100.00 Software & Computer Services ROLLS-ROYCE GROUP 2 99.69 Aerospace & Defence BLACKBERRY 3 97.96 Electronic & Electrical Equipment VIRGIN ATLANTIC 4 97.47 Travel & Leisure - Airlines GOOGLE 5 97.41 Media - Marketing Services - Advertising Solutions LONDON STOCK EXCHANGE 6 96.96 Financial - Exchanges & Markets GLAXOSMITHKLINE 7 95.57 Pharmaceuticals & Biotech BRITISH AIRWAYS 8 95.02 Travel & Leisure - Airlines VISA 9 94.81 Financial - Credit Cards & Payment Solutions PRICEWATERHOUSECOOPERS 10 94.43 Support Services - Accountancy & Business Services BP 11 94.32 Oil & Gas SHELL 12 92.80 Oil & Gas BOSCH 13 91.59 Construction & Materials - Tools / Equipment MASTERCARD 14 90.48 Financial - Credit Cards & Payment Solutions HERTZ 15 90.45 Travel & Leisure - Automobile Rental BT 16 90.15 Telecommunications - General FT 17 90.05 Media - Content Creators/Owners APPLE 18 89.14 Technology - Hardware & Equipment NOKIA 19 88.90 Electronic & Electrical Equipment CHUBB 20 87.82 Support Services - Security & Fire Protection ERNST & YOUNG 21 87.79 Support Services - Accountancy & Business Services VODAFONE 22 86.61 Telecommunications - Mobile & Online BOEING 23 85.64 Aerospace & Defence FEDEX EXPRESS 24 85.43 Industrial Transportation - B2B Delivery Services THE ECONOMIST 25 85.27 Media - Content Creators/Owners DELOITTE 26 84.80 Support Services - Accountancy & Business Services AMERICAN EXPRESS 27 84.70 Financial - Credit Cards & Payment Solutions HILTON 28 84.22 Travel & Leisure
    [Show full text]
  • John Laing Group H118 Results
    John Laing Group H118 results Project investment delivers growth Investment companies 10 September 2018 Continuity of strategy and personnel has enabled John Laing Group (JLG) to capitalise on the opportunities in the international market for Price 313.0p infrastructure investment and establish an impressive track record of Market cap £1,536m growth. With the demand for infrastructure projects remaining strong, we believe JLG is well placed financially, operationally and competitively to Net cash (£m) at 30 June 2018 234 deliver attractive returns to shareholders. (company definition) Shares in issue 490.8m NAV/share EPS* DPS* P/NAV P/E Yield Free float 100% Year end (p) (p) (p) (x) (x) (%) Code JLG 12/17 281 31.9 8.9 1.1 9.8 2.8 12/18e 318 57.3 9.2 1.0 5.5 2.9 Primary exchange LSE 12/19e 354 46.3 9.4 0.9 6.8 3.0 Secondary exchange N/A Note: *PBT and EPS are normalised, excluding amortisation of acquired intangibles, exceptional items and share-based payments. The 8.9p DPS figure for FY17 includes an interim dividend adjusted for the rights issue. Share price performance H1 growth exceeds expectations JLG’s H118 results demonstrated the continuing growth of the business post the March rights issue. The all-important NAV per share rose from 281p at FY17 to 307p, an increase of 9.3% (Edison last published FY18 forecast: 303p). The significant fair value (FV) movement of £193.9m was helped by a contribution from the disposal of JLG’s remaining 15% of the Intercity Express project (IEP Phase 1) at above book value but also benefitted from a change in operational discount rates (£43.2m).
    [Show full text]
  • Best Practice Investor Relations a 14-Page Special Feature and Full Coverage of the 2018 Best Practice Awards
    CHAIR’S LETTER | SERVICE PROVIDERS | PERSONAL VIEW | INDUSTRY NEWS INFORMED PROMOTING EXCELLENCE IN INVESTOR RELATIONS ISSUE 101 WINTER 2018/19 BEST PRACTICE INVESTOR RELATIONS A 14-PAGE SPECIAL FEATURE AND FULL COVERAGE OF THE 2018 BEST PRACTICE AWARDS PLUS PREPARING FOR AGM SEASON LETTERS FROM OVERSEAS CONFERENCE 2019 UPDATE NEW YEAR COURSES ADVANCED EARLY BIRD OFFER ENDS 31ST DECEMBER 2018! THE INVESTOR RELATIONS SOCIETY 33rd ANNUAL CONFERENCE IR: Leading change; driving value TUESDAY 18TH JUNE 2019 KINGS PLACE, LONDON N1 9AG After a year of considerable political, market professionals gather to meet with peers, and regulatory change, the Annual Conference compare notes and hear from some will explore ways in which IR can adapt and wonderful speakers and panellists. overcome these challenges to fully exploit the value of the public markets and help lead our For all exhibition and sponsorship enquiries, companies to win the competition for capital. please contact Robert Dann at [email protected]. For general At the 2018 IR Society Annual Conference enquiries, please contact Nicolle Oliver at (pictured) we saw almost 400 IR [email protected]. Book your tickets now at www.irsocietyconference.org.uk or call +44 (0) 20 7379 1763 Thank you to our 2018 annual sponsors INVESTOR ANALYTICS INFORMED WINTER 2018/19 CONTENTS 21 4 CHAIR’S LETTER IR Congratulations all round ACTICE David Lloyd-Seed, chair, IR Society BEST PR 5 NEWS FROM THE SOCIETY Evan Davis to host conference in 2019 New IR Society members, October to December (p8) Event report: IR Society visits Dublin (p9) A new addition to the Society team (p9) A SPECIAL FEATURE CIR and ICIR passes – October and November (p9) 6 A PERSONAL VIEW Welcome to issue 101 of Informed..
    [Show full text]
  • Delivering Responsible Infrastructure Solutions
    John Laing Group plc John Laing Group DELIVERING Annual Report & Accounts RESPONSIBLE INFRASTRUCTURE SOLUTIONS 2019 John Laing Group plc Annual Report & Accounts 2019 WE ARE JOHN LAING DELIVERING INFRASTRUCTURE SOLUTIONS JOHN LAING IS DELIVERING INFRASTRUCTURE SOLUTIONS. WE ARE INVESTORS AND PARTNERS BEHIND RESPONSIBLE INFRASTRUCTURE PROJECTS WHICH RESPOND TO PUBLIC NEEDS, EMPOWER SUSTAINABLE GROWTH AND IMPROVE THE LIVES OF THE COMMUNITIES IN WHICH WE WORK. CLARENCE CORRECTIONAL CENTRE, THE INTERCITY EXPRESS PROGRAMME, ASIA PACIFIC EUROPE AND MIDDLE EAST p / 18 p / 24 I-75 ROAD, RUTA DEL CACAO, NORTH AMERICA LATIN AMERICA p / 32 p / 42 Our Alignment to the United Nations Sustainable Development Goals While our projects have overlaps across many of the UN SDGs, we have identified 5 priority SDGs which our investments most directly contribute to. For further information on this, please see page 64. 2019 HIGHLIGHTS CONTENTS FINANCIAL HIGHLIGHTS OVERVIEW 1 > NAV per share at 337p at 31 December 2019 2019 Highlights 2 At a Glance (31 December 2018 – 323p) 4 Our Global Reach Overview > 4.3% increase since 31 December 2018; 7.2% increase before 6 Chairman’s Statement dividends paid; STRATEGIC REPORT > 10.7% increase at constant currency and before dividends paid1 8 Chief Executive Officer’s Review > Final dividend 7.66p per share (including a special dividend 14 Our Strategy and Business Model of 3.98p per share), giving a total dividend for 2019 of 9.50p 16 Key Performance Indicators 20 Regional Review > Investment commitments of £184 million
    [Show full text]
  • Uk Equity Team Outlook – 2014
    FOR PROFESSIONAL CLIENTS ONLY UK EQUITY TEAM OUTLOOK – 2014 JANUARY 2014 Introduction LUKE CHAPPELL & JAMES MACPHERSON “Over the past several years, the shape of our business has changed. This has been driven, in part, by a change in our clients’ exposure to UK equities and through increased demand for products, which make that allocation work harder, including Focus, Income and Long/Short products. During 2013 the UK Equity team has undergone some significant changes. We have been through a period of refinement, streamlining our product offering and changing portfolio management where necessary LUKE CHAPPELL to ensure we have the correct team and products for our clients. Co-Manager of the We have continued to invest in our research platform, added resources UK Equity team in the form of new portfolio managers and analysts, improved our use of technology and aligned our research approach to best serve our more focused product range. We have used this period of refreshment as an opportunity to improve our team’s performance, simplifying the team structure and adding greater resource around the areas which we believe will be the future drivers of growth. We believe that the team and our offering are now in a much stronger position and we look forward to the year ahead. JAMES MACPHERSON ” Co-Manager of the UK Equity team RICHARD PLACKETT & ROLAND ARNOLD “2013 was a year of low to moderate growth, with signs of recovery throughout the developed world being offset at the margin by a decline in growth assumptions for the developing world. Despite the emerging markets reducing growth rates we still believe in the long-term investment case and expect the developing world to grow at faster absolute rates than the developed world.
    [Show full text]
  • Company / Organisation Who Qualifies
    Company / Organisation Who qualifies Adecco Group Employees Adient Seating Ltd Employees Airbus Employees Aldi Employees Allianz Group Employees Alstom Employees AM Trust UK (previously Car Care Plan Ltd) Employees Anglian Water Services Ltd Employees ASCO Members Asda Stores Ltd Employees Association of Accounting Technicians (AAT) Members Avon Employees B&Q Employees Babcock International Employees BAE Employess Balfour Beatty PLC Employees BCA Employees BI Worldwide Employees Blue Light Card (BLC) Members Bombardier Inc. Employees Bosch Group Employees Brake Bros Ltd Employees British Airways (BA) Employees and Pensioners British Association of Dental Nurses (BADN) Members British Heart Foundation (BHF) Employees British Medical Association (BMA) Employees BT Employees and Pensioners CAD CAM Automotive Employees Calsonic Kansei UK Employees CAMRA Members Capita Employees Centrica Employees Charlton Athletic Employees and Members Chartered Institute of Public Finance and Members Accountancy (CIPFA) Chartered Insurance Institute (CII) Members Chartered Society of Physiotherapy (CSP) Members Civica Employees Civil Service Employees Coca Cola Enterprises Ltd Employees Communication Workers Union (CWU) Members Compass Group UK & Ireland Employees Connells Residential Employees Co-Operative Group Limited Employees Costco Members Countrywide Employees Crown Paints Employees Defence Discount Service (DDS) Members DHL International Employees Driving Instructors Association (DIA) Members Dunlop Systems and Components Ltd Employees Easyjet Employees
    [Show full text]
  • Procurement Card Transactions
    Date of Local Authority VAT Recoverable Gross Amount Beneficiary Net Amount £ Summary of Purpose of the expenditure Merchant Category Transaction Department £ £ 15.11.17 A21-112-471 Premier Inn 177.48 35.50 212.98 Accommodation in Portsmouth x2 for Capita Forum Travel 23.11.17 A21-112-471 GWR 52.50 0.00 52.50 Return train ticket from Reading-London Travel 03.11.17 D31-357-315 Amazon 5.00 1.00 6.00 IT components - SD card for Maidenhead IT Services 06.11.17 E19-000-315 Amazon 10.99 0.00 10.99 IT components - VGA 10m cable for Maidenhead IT Services 06.11.17 E19-000-315 Amazon 7.49 1.50 8.99 IT components - HDMI 10m cable for Maidenhead IT Services 09.11.17 E19-000-471 Sainsbury's 10.00 0.00 10.00 Catering - Coffee for Maidenhead Food 10.11.17 E19-000-310 Amazon 6.26 1.25 7.51 Stationery - number stamp for Community Safety campaigns materialStationery 10.11.17 E18-000-389 Domino's Pizza 1.66 0.33 1.99 Catering - emergency catering for Langley crew working at MaidenheadFood 10.11.17 E18-000-389 Domino's Pizza 25.19 5.04 30.23 Catering - emergency catering for Langley crew working at MaidenheadFood 10.11.17 E19-000-310 Amazon 2.15 0.43 2.58 Stationery - ink for number stamp ink pad Stationery 22.11.17 E17-000-339 Lidl 15.22 3.04 18.26 Emergency Hygiene consumable for Slough Miscellaneous 22.11.17 E19-000-310 VistaPrint 32.98 6.60 39.58 Office consumables - Referral cards with campaign code Tools/Equipment 23.11.17 E19-000-389 Costa Coffee 4.75 0.95 5.70 Catering - Coffee for grievance meeting off station Food 09.11.17 E10-000-389 Elle's Baguettes
    [Show full text]
  • Tb Evenlode Income
    TB EVENLODE INCOME MONTHLY FACTSHEET all data as at 31 March 2019 MANAGER COMMENTARY Fund Attributes The UK stock market continued to recover in March. Though recent signs of slowing global growth Emphasis on sustainable real dividend growth linger in investor minds, a shift in tone from the US Federal Reserve has led to a significant reduction Focus on companies with high returns on capital and in interest rate expectations, helping sentiment. In the UK political uncertainty continues, though the strong free cash-flow pound has remained reasonably steady. In terms of fundamental corporate news, it was a quieter month Low portfolio turnover, long-term holding periods with final results season drawing to a close. Minimum of 80% in UK shares and up to 20% in Evenlode Income rose +3.4% compared to a rise of +2.7% for the FTSE All-Share and +1.8% for the IA UK All overseas shares and/or cash Companies sector. The fund’s most positive contributors were Unilever, Diageo and Reckitt Benckiser, all Invests across the market-cap spectrum of which rose on no specific news. The most negative contributor was Relx, with concerns relating to the growth in open-access academic journals resurfacing. We acknowledge this trend but also think that Relx What are the Risks? will be able to manage and adapt to it long-term, particularly in the context of its well diversified overall portfolio. Spectris and Victrex were the only other negative contributors of note, moving lower on no As a focused equity portfolio of typically less than 40 investments, the fund can involve higher risk and higher fundamental news.
    [Show full text]
  • Tritax Big Box REIT Plc Annual Report 2016 Report Annual Plc REIT Box Big Tritax
    Tritax Big Box REIT plc Annual Report 2016 Tritax Big Box REIT plc Tritax Big Box REIT plc Annual Report 2016 Standbrook House 4th Floor 2-5 Old Bond Street Mayfair London Mission Critical Big Boxes W1S 4PD www.tritaxbigbox.co.uk Tritax Big Box REIT plc Annual Report 2016 Tritax Big Box REIT plc Tritax Big Box REIT plc Annual Report 2016 Standbrook House 4th Floor 2-5 Old Bond Street Mayfair London Mission Critical Big Boxes W1S 4PD www.tritaxbigbox.co.uk Tritax Big Box REIT plc Annual Report 2016 CONTENTS OVERVIEW 1-9 Tritax Big Box 1 Our 2016 highlights 2 Another productive year 4 What we aim to do 6 Pure Big Box: a focus on quality and location 8 STRATEGIC REPORT 10-60 Chairman’s Statement 10 Fund Manager’s Q&A 12 Our Market 14 Our Business Model 22 Our Strategy and Objectives 24 Key Performance Indicators 26 EPRA Performance Measures 27 Manager’s Report 28 The Manager 50 Responsible Business 52 Our Principal Risks and Uncertainties 54 Going Concern and Viability 60 Board Approval of the Strategic Report 60 GOVERNANCE 61-102 Chairman’s Governance Overview 62 Leadership 64 How we govern the Company 67 The Board of Directors 70 Effectiveness 72 Nomination Committee Report 75 Accountability 77 Audit Committee Report 80 Management Engagement Committee Report 85 Relations with Shareholders and stakeholders 88 MISSION CRITICAL BIG BOXES Directors’ Remuneration Report 90 Directors’ Report 92 Our 919,413 sq ft Morrisons Big Box is their strategic South Directors’ Responsibilities Statement 95 East regional distribution Independent Auditor’s Report 96 centre for both chilled and FINANCIAL STATEMENTS 103-142 ambient general merchandise, serving over 85 of their main Group Statement of Comprehensive Income 104 supermarket stores ranging Group Statement of Financial Position 105 from the Isle of Man to Ipswich.
    [Show full text]