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Exploring the Secrets of Success
people technolog siness Issue 35 In this issue Exploring the secrets of success 2 Business Insight GS-insight discusses some of the latest trends and Graham Charlton, CFO, Softcat opportunities in the international technology industry, the importance of company culture in business 5 Consulting Insight success and much more … Martin Smith, Executive Director, Sheffield Haworth Welcome to the 35th edition of GS-insight, fit and thereby de-risk the hiring process. Consulting Solutions the magazine of international technology Understandably, investors and Boards are sector Executive Search specialists Gillamor very keen to have a robust assessment of Stephens, part of Sheffield Haworth, the global the strengths and risks associated with 6 International Insight talent consulting and leadership advisory management teams and of their capability to Kelly Kinnard, VP Talent, firm. As a recruitment team, we are fortunate grow, change and adapt to achieve business Battery Ventures to work with companies at all stages of organ- objectives. isational and business development; from This issue of GS-insight explores a wide 8 Investment Insight university “spin-outs” requiring CEOs to help range of themes with leaders across our commercialise “bleeding edge” technology, Mark Boggett, CEO, industry sector. We discuss the importance Seraphim Space Capital through to privately owned and VC/PE of company culture and business growth with funded small-mid size businesses seeking Graham Charlton of Softcat and Russell Sloan the leaders to drive organic and acquisitive of Kainos, two of the most successful and 10 Non-Executive growth/internationalisation strategies to the fastest growing publicly listed technology Insight larger corporate entities hiring executives to businesses. -
LIFE Smaller Companies PDF Factsheet
FACTSHEET 31 August 2021 Life Fund Halifax Smaller Companies Halifax Smaller Companies single priced. This document is provided for the purpose of information only. This factsheet is intended for Asset Allocation (as at 30/06/2021) individuals who are familiar with investment UK Equities 94.9% terminology. Please contact your financial adviser if you need an explanation of the terms Money Market 5.1% used. This material should not be relied upon as sufficient information to support an investment decision. The portfolio data on this factsheet is updated on a quarterly basis. Fund Aim The fund aims to achieve long-term capital growth through investing mainly in smaller companies, principally in the UK. Basic Fund Information Fund Launch Date 01/10/1990 Fund Size £25.3m Sector Breakdown (as at 30/06/2021) Sector ABI UK Smaller Industrials 31.7% Companies Consumer Discretionary 20.4% ISIN GB0031020778 Technology 10.3% MEX ID H9SCSP Financials 7.6% SEDOL 3102077 Basic Materials 7.4% Manager Name Iain Staples Real Estate 7.2% Manager Since 01/06/2021 Cash 5.1% Consumer Staples 3.6% (as at 30/06/2021) Other 3.4% Top Ten Holdings SCHRODER STERLING LIQUIDITY 4.4% Healthcare 3.3% FUND X INCOME DISCOVERIE GROUP PLC ORDINARY 2.6% 5P DUNELM GROUP PLC ORDINARY 1P 2.4% Regional Breakdown (as at 30/06/2021) OXFORD INSTRUMENTS PLC 2.4% ORDINARY 5P XP POWER LIMITED ORDINARY 1P 2.4% SPIRE HEALTHCARE GROUP PLC 2.3% ORDINARY 1P NCC GROUP PLC GBP1 2.3% REDDE NORTHGATE PLC ORDINARY 2.2% 50P The composition of asset mix and asset allocation may change at any time and exclude cash unless otherwise stated CLARKSON PLC ORDINARY 25P 2.2% MITIE GROUP PLC ORDINARY 2.5P 2.2% TOTAL 25.4% Page 1 Past Performance Fund Rating Information 100% Overall Morningstar - Rating 75% Morningstar Analyst - Rating FE fundinfo Crown 50% Rating The FE fundinfo Crown Rating relates to this fund. -
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. -
Annual Report 2016
Annual Report 2016 About Kainos Kainos is a digital services company, offering information technology products and services to clients in a range of markets, including government, healthcare and financial services. Kainos provides software design and development services and a complementary suite of software products in healthcare and automated testing. Kainos is now a global business with increasing scale, resilience, ambition and expertise. We’ve delivered over 35% compound growth in the past three years and we’re recognised as a continuing disruptive force in our core markets of government, healthcare and commercial industries. We’re increasingly trusted by our clients, including global organisations such as Diageo and Aviva, and by large UK government departments such as the Ministry of Justice. We provide them with digital technology solutions that help them conduct their business more efficiently. In healthcare, we’re working with Apple Inc. to develop genuinely new mobile applications that have the potential to change forever the way in which clinicians can help patients. In all of our services and products we strive to ensure that Kainos continues to serve the changing needs of customers. Just as we have gained the trust and respect of our clients, we are once again judged by our staff to be one of the best companies to work for. Our people remain our top priority, and we continue to invest in recruiting the best, and providing rewarding and enjoyable careers for them. Our business model is simple: we recruit the best people and encourage them to deliver exceptional services and products to customers. Everything we do is centred on this core principle, and it has served us well over time. -
Rathbone Income Fund Update June 2018
Rathbone Income Fund Update June 2018 Introduction This year is panning out pretty much as we might have predicted. It does seem that the fund fares better when volatility increases and investor sentiment takes a downward lurch; conversely, more buoyant equity markets have generally presaged relative underperformance. We have been very clear in explaining our positioning in 2018, and how our caution acts as a brake on performance when bulls are in the ascendance. However, we argue that our prudence is crucial considering market circumstances, and our year-to-date underperformance is the cost of this “insurance” against a more substantial correction in equity markets. 3 months 6 months 1 year 3 years 5 years Rathbone Income Fund 7.72 1.16 1.12 23.22 52.54 IA UK Equity Income Sector 8.33 1.71 6.04 24.24 52.08 FTSE All-Share index 9.20 1.69 9.02 31.62 52.76 Source: Rathbones, FE Analytics Q2/Three-month performance Our fund gained 7.72% versus a sector average of 8.33% and the market’s 9.20% return. These are solid gains, driven by our holdings in BP and Royal Dutch Shell. They benefited from a surge in the oil price, with Brent crude appreciating over 17% over the quarter. We also appreciated recoveries in ITV and Relx, as well as continued strength in GlaxoSmithKline. Laggards were not particularly consequential: Lockheed Martin, Danske Bank, British American Tobacco (BAT), Carnival and UDG were on the negative side of the equation. H1/Six-month performance Contribution to 6 month total return GlaxoSmithkline BP Dechra Pharmaceuticals BAE Systems Royal Dutch Shell Carnival Reckitt Benckiser Altria British American Tobacco Micro Focus International -1.5 -1 -0.5 0 0.5 1 Source: Rathbones, Statpro Performance for the first half of the year was dull. -
Press Release
9 February 2021 Micro Focus International plc Preliminary results for the year ended 31 October 2020 Micro Focus International plc ("the Company" or “the Group”, LSE: MCRO.L, NYSE: MFGP), the global enterprise software group, announces Preliminary results for the year ended 31 October 2020 (“FY20”). Summary: • Micro Focus has completed the first year of a three-year turnaround plan and has made solid progress in the key objectives of evolving our business model and improving operational effectiveness. • Revenue decline moderated during the year from 11% reported in the first half of the year to 9% in the second half, with revenues of $3.0bn, a decline of approximately 10% at both actual and constant exchange rates. This is in line with expectations and starting to reflect the progress in the turnaround plan • Adjusted EBITDA1 of $1.2bn (FY19: $1.4bn) at an Adjusted EBITDA margin of 39.1% (FY19: 40.7%), towards the upper end of expectations, driven by tight operational cost control and several cost reduction programmes. These also contributed to the funding of planned investments in key opportunity areas. • The Group has successfully completed the first stage of IT systems migration in January 2021 with a significant number of employees now operating on the new IT platform. The remaining teams will be transitioned later in FY21. • The Group recorded an exceptional charge related to goodwill impairment of $2,799m in the period driven by changes in the Group’s trading performance and overall environment when compared to the original projections produced at the time of the HPE Software acquisition. -
Kainos Group
Interim results for the six months ended 30 September 2020 Issue: 1/0 16 November 2020 Kainos Group plc (“Kainos” or the “Group”) Interim results for the six months ended 30 September 2020 Kainos Group plc (KNOS), a leading IT provider, operating across two specialist business areas, Digital Services and its Workday Practice, is pleased to announce its results for the six months ended 30 September 2020. Financial highlights H1 2021 H1 2020 Change Revenue £107.2m £86.9m +23% Profit before tax £24.0m £12.0m +100% Adjusted pre-tax profit1 £26.1m £12.8m +104% Cash £62.5m £41.3m +51% Bookings £103.6m £99.5m +4% SaaS bookings £14.2m £16.4m -13% Backlog2 £180.9m £131.0m +38% Adjusted diluted earnings per share1 17.0p 8.4p +102% (note 8) Diluted earnings per share 15.7p 7.9p +99% Special dividend paid3 6.7p - 100% Interim dividend 6.4p 3.5p 83% Operational highlights • We have delivered a very strong performance during the Covid-19 pandemic. - Revenue growth of 23% (19% organic) to £107.2 million (H1 20: £86.9 million). - Adjusted pre-tax profit increased 104% to £26.1 million (H1 20: £12.8 million). • Contracted backlog continues to underpin further revenue growth. - Bookings up 4% to £103.6 million (H1 20: £99.5 million). - Contracted backlog growth of 38% to £180.9 million (H1 20: £131.0 million). • Revenue diversification continues across key segments. - International revenues up 54% to £27.6 million (H1 20: £17.9 million). - Commercial revenues up 34% to £39.2 million (H1 20: £29.3 million). -
CFP SDL Free Spirit Fund Factsheet - December 2019
CFP SDL Free Spirit Fund Factsheet - December 2019 Fund Information Fund Objective and Strategy Fund Managers: The investment objective of the fund is to seek to maximise total returns over the long term, defined as five to ten years. The fund will invest mainly in a portfolio of UK equities listed on the LSE or quoted on AIM/ISDX, with an emphasis on small and mid-capitalised companies. It may also invest in other transferable securities, money market instruments, units and/or shares in other collective investment schemes, deposits, warrants, cash and near cash. The manager will follow the methodology of Business Perspective Investing and it is expected that the portfolio will contain between 25 and 40 holdings when fully invested. Andrew Vaughan Keith Ashworth-Lord Number of Holdings: Launch Date: 25 3rd January 2017 Sector: Fund Size: IA UK All Companies £7.46m ACD: Castlefield Fund Partners Limited Platform Availability: Alliance Trust, AJ Bell, Ascentric, Aviva, CoFunds, Hargreaves Lansdown, Novia, Transact, Zurich A - CFP SDL Free Spirit Acc GBP in GB {38.64%} B - IA UK All Companies TR in GB {18.49%} 03/01/2017 - 30/11/2019 Data from FE 2019 Share Class Information Cumulative Performance (%) Share Class Income Accumulation 1 Mth 3 Mths 6 Mths 1 Yr Since Launch Min. £500 £500 Free Spirit Fund 7.22 8.93 6.45 18.29 38.64 Investment Sector 3.57 6.02 6.89 12.41 18.43 Initial Charge 0.00% 0.00% Rank 9/260 46/258 145/258 35/256 14/246 Investment 0.90% 0.90% Quartile 1 1 3 1 1 Adviser Fee Ongoing 1.46% 1.46% Discrete Performance (%) Charge 2019 YTD 2018 2017* 2016 2015 Payment 30th April/ 31st 30th April/ 31st Dates October October Free Spirit Fund 23.81 -5.44 18.42 - - ISA Eligible YES YES Sector 17.89 -11.19 13.17 - - Rank 41/257 17/255 38/247 - - ISIN GB00BYYQC495 GB00BYYQC271 Quartile 1 1 1 - - CITI CODE NPFA NPFB Discrete Year to Quarter End Performance (%) Q3 2018 Q3 2017 Q3 2016 Q3 2015 Q3 2014 MEXID CFXYA CFXYB Q3 2019 Q3 2018 Q3 2017 Q3 2016 Q3 2015 Free Spirit Fund -0.90 17.13 - - - Source: Financial Express. -
FTSE UK 100 ESG Select
2 FTSE Russell Publications 19 August 2021 FTSE UK 100 ESG Select Indicative Index Weight Data as at Closing on 30 June 2021 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country 3i Group 0.83 UNITED KINGDOM Halfords Group 0.06 UNITED KINGDOM Prudential 2.67 UNITED KINGDOM 888 Holdings 0.08 UNITED KINGDOM Harbour Energy PLC 0.01 UNITED KINGDOM Rathbone Brothers 0.08 UNITED KINGDOM Anglo American 2.62 UNITED KINGDOM Helical 0.03 UNITED KINGDOM Reckitt Benckiser Group 3.01 UNITED KINGDOM Ashmore Group 0.13 UNITED KINGDOM Helios Towers 0.07 UNITED KINGDOM Rio Tinto 4.8 UNITED KINGDOM Associated British Foods 0.65 UNITED KINGDOM Hiscox 0.21 UNITED KINGDOM River and Mercantile Group 0.01 UNITED KINGDOM Aviva 1.18 UNITED KINGDOM HSBC Hldgs 6.33 UNITED KINGDOM Royal Dutch Shell A 4.41 UNITED KINGDOM Barclays 2.15 UNITED KINGDOM Imperial Brands 1.09 UNITED KINGDOM Royal Dutch Shell B 3.85 UNITED KINGDOM Barratt Developments 0.52 UNITED KINGDOM Informa 0.56 UNITED KINGDOM Royal Mail 0.39 UNITED KINGDOM BHP Group Plc 3.29 UNITED KINGDOM Intermediate Capital Group 0.44 UNITED KINGDOM Schroders 0.29 UNITED KINGDOM BP 4.66 UNITED KINGDOM International Personal Finance 0.02 UNITED KINGDOM Severn Trent 0.44 UNITED KINGDOM British American Tobacco 4.75 UNITED KINGDOM Intertek Group 0.66 UNITED KINGDOM Shaftesbury 0.12 UNITED KINGDOM Britvic 0.19 UNITED KINGDOM IP Group 0.09 UNITED KINGDOM Smith (DS) 0.4 UNITED KINGDOM BT Group 1.26 UNITED KINGDOM Johnson Matthey 0.43 UNITED KINGDOM Smurfit Kappa Group 0.76 UNITED KINGDOM Burberry Group 0.62 UNITED KINGDOM Jupiter Fund Management 0.09 UNITED KINGDOM Spirent Communications 0.11 UNITED KINGDOM Cairn Energy 0.05 UNITED KINGDOM Kingfisher 0.57 UNITED KINGDOM St. -
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 -
Market Notice N12 2020
Instruments for which suspension from execution under RPW is to be revoked effective 13 August Symbol ISIN Name LREl BMG5361W1047 Lancashire Holdings Ltd LO24d DE000LTT0243 Lotto24 CHRc DK0060227585 Chr Hansen Holding A/S EDPRu ES0127797019 EDP Renovaveis SA UPONOh FI0009002158 Uponor Oyj SPIEp FR0012757854 SPIE SA DVOl GB0002670437 Devro PLC FSJl GB0003395000 James Fisher & Sons PLC HTGl GB0004478896 Hunting PLC MTOl GB0004657408 Mitie Group PLC LOOKl GB00B17MMZ46 Lookers PLC DNLMl GB00B1CKQ739 DUNELM GROUP PLC LAMl GB00B1CL5249 Lamprell PLC International Personal Finance IPFl GB00B1YKG049 PLC FOXTl GB00BCKFY513 Foxtons Group PLC RSAl GB00BKKMKR23 RSA Insurance Group PLC CARDl GB00BLY2F708 Card Factory PLC SPIl GB00BNLPYF73 Spire Healthcare Group PLC DTYl GB00BRB37M78 Dignity PLC DOMl GB00BYN59130 Domino's Pizza Group PLC TBCGl GB00BYT18307 TBC Bank Group PLC EQNl GB00BYWWHR75 Equiniti Group PLC GOCOl GB00BZ02Q916 GoCo Group PLC KRXi IE0004927939 Kingspan Group PLC PGSo NO0010199151 PGS ASA GRNGs SE0006288015 Granges AB Instruments to be suspended or re-suspended from execution under RPW effective 12 August Symbol ISIN Name Scope Action BVIp FR0006174348 Bureau Veritas SA EU Level Suspended MGGTl GB0005758098 Meggitt PLC EU Level Suspended FOURl GB0006640972 4imprint Group PLC EU Level Suspended RTNl GB00B0YG1K06 Restaurant Group PLC/The EU Level Suspended OCDOl GB00B3MBS747 Ocado Group PLC EU Level Suspended RMVl GB00BGDT3G23 Rightmove PLC EU Level Suspended AAFl GB00BKDRYJ47 Airtel Africa PLC EU Level Suspended TRNl GB00BKDTK925 Trainline -
Kainos Group Plc Kainos Group Plc “Kainos” Or the “Group” Preliminary Results for the Year Ended 31 March 2020
Preliminary results for the year ended 31March 2020 Issue: 1/0 Kainos Group plc Kainos Group plc “Kainos” or the “Group” Preliminary results for the year ended 31 March 2020 Kainos Group plc (KNOS), a leading IT provider, operating across two specialist business areas, Digital Services and Workday Practice, is pleased to announce its results for the year ended 31 March 2020. Financial highlights 2020 2019 Change Revenue £178.8m £151.3m +18% Adjusted pre-tax profit1 £25.5m £23.3m +9% Statutory profit before tax £23.2m £21.1m +10% Cash £40.8m £42.5m -4% Sales orders £243.6m £171.7m +42% SaaS sales orders £30.5m £18.4m +66% Backlog2 £180.0m £122.2m +47% Adjusted diluted earnings per share1 16.6p 15.4p +8% (note 7) Diluted earnings per share 15.1p 13.9p +9% Total dividend 3.5p 9.3p -62% Operational highlights • A strong performance, representing the tenth consecutive year of growth in revenue and adjusted pre-tax profit. - Revenue growth of 18% (17.5% organic) to £178.8 million (2019: £151.3 million). - Adjusted pre-tax profit increased 9% to £25.5 million (2019: £23.3 million). • Very strong sales execution continues to underpin further revenue growth. - Sales orders up 42% to £243.6 million (2019: £171.7 million). - Contracted backlog growth of 47% to £180.0 million (2019: £122.2 million). • Revenue diversification continues, across a number of segments. - International revenues up 72% to £39.9 million (2019: £23.2 million). - Commercial revenues up 58% to £63.1 million (2019: £40.0 million).