Annual Report and Accounts 2018

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report and Accounts 2018 TP ICAPTP Annual Report and Accounts 2018 Annual Report and Accounts 2018 TP ICAP facilitates the flow Contents of capital, energy and Strategic report Financial and strategic highlights 1 At a glance 2 commodities around the Our business model 4 Chairman’s statement 6 world, enhancing investment Chief Executive Officer’s review 8 Market factors 14 Strategic pillars 16 and contributing to economic Key performance indicators 18 Financial and operating review 20 growth and financial stability. Viability statement and going concern 37 Risk management 38 Principal risks and uncertainties 40 Resources, relationships > Our brokers match buyers and sellers of financial, and responsibilities 44 energy and commodities products and facilitate Governance report Compliance with the UK Corporate price discovery and execution. Code 2016 50 Chairman’s introduction to > We provide independent data to participants in Governance 51 Board of Directors 54 the financial, energy and commodities markets, Board in conversation 56 including live and historical pricing content, Corporate governance report 58 How the Board engages with and advanced valuation and risk analytics. stakeholders 66 Report of the Nominations and > We are a trusted partner to our clients, enabling Governance Committee 68 Report of the Audit Committee 72 them to transact with confidence. Report of the Risk Committee 76 Report of the Remuneration Committee 80 Directors’ report 108 Statement of Directors’ Responsibilities 112 Financial statements Independent Auditor’s Report to the Members of TP ICAP plc 113 Consolidated Income Statement 120 Consolidated Statement of Comprehensive Income 121 Consolidated Balance Sheet 122 Consolidated Statement of Changes in Equity 123 Consolidated Cash Flow Statement 124 Notes to the Consolidated Financial Statements 125 Company Balance Sheet 176 Statement of Changes in Equity 177 Notes to the Financial Statements 178 Shareholder information 181 Group undertakings 182 Glossary 191 Cautionary Statement This Annual Report has been prepared for, and only for, the members of the Company, as a body, and no other persons. The Company, its Directors, employees, agents or 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 such responsibility is expressly disclaimed. By their nature, the statements concerning the risks and uncertainties facing the Group in this Annual Report involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation of this Annual Report and the Company undertakes no obligation to update these forward- looking statements. Nothing in this Annual Report should be construed as a profit forecast. Strategic report Governance report Financial statements 1 Financial and strategic highlights Revenue (£m) Contribution (£m) Operational performance2 > A resilient performance in a mixed market 670 6 1,757 1,63 environment. > Global Broking revenue increased 3% at constant exchange rates, driven by Rates and Equities. > Strong growth in Institutional Services and Data & Analytics businesses which have grown by 16% and 8% respectively 2017 2018 2017 2018 at constant exchange rates. Operating profit – statutory (£m) Operating profit – underlying1 (£m) > Energy & Commodities experienced a 1% decline in revenues at constant exchange 102 26 rates due to challenging market conditions. 3 263 > Total contribution increased by 4% to £679m (2017: £655m) at constant exchange rates. > Integration programme on track with synergy savings3 achieved to date of £71m per annum. 2017 2018 2017 2018 Strategic highlights Operating margin – statutory (%) Operating margin – underlying1 (%) > Focus on enhancing our competitive position. 5.8 15.0 15 53 > Increased investment allocated to our Data & Analytics business. > A renewed and strengthened senior management team. > New strategic pillars founded on Technology, Operational Excellence, 2017 2018 2017 2018 People and Diversification. 1 Profit before tax – statutory (£m) Profit before tax – underlying (£m) Dividend > Interim dividend of 5.6p per share 72 233 245 62 declared on 9 November 2018. > Final dividend recommended of 11.25p per share due to be paid 21 May 2019. > Total dividends in respect of 2018: 16.85p (2017: 16.85p). 2017 2018 2017 2018 1 Underlying results represent the results excluding Basic earnings per share – statutory (p) Basic earnings per share – underlying1 (p) acquisition costs and exceptional items. Please refer to page 21 of the Annual Report. 15.8 33.3 342 2 Revenue growth rates are calculated using revenue for 2017 translated at the same exchange rates as 2018. The statutory revenue figures as reported in 2017 and 2018 are shown in Note 4 to the 5 Consolidated Financial Statements. 3 Synergy savings reflect the reduction of underlying staff and other costs as a result of implementing the integration programme. Staff cost savings are a 2017 2018 2017 2018 result of both individuals leaving the Group or transferring to integration related roles that will cease once integration is complete. www.tpicap.com 2 Strategic report At a glance We are a global firm of professional intermediaries that plays a central role in the world’s wholesale financial, energy and commodities markets. Our brands We operate a global portfolio of highly respected brands, each with a separate and distinct client offering. Global Broking Energy & Commodities Institutional Services Data & Analytics Our vision, purpose, method and values Our vision Our purpose What we want to be What we want to do To be the most trusted and respected data and market execution To provide access to financial markets and facilitate the flow of provider in the financial, energy and commodities products that capital, energy and commodities around the world, improving we transact. pricing and contributing to economic growth. Our method Our values How we accomplish our purpose How we seek to act Our people utilise their skills and experience, combined with How we conduct ourselves as individuals and as a Group is as a strong technology offering, to work in close partnership important as the products and services we provide. We want to with a diverse range of clients to deliver services. We continually have a business culture that allows us to serve our clients in the enhance our services and our operations as our clients’ needs and best possible way, and holds up to the most intense scrutiny. preferences change and as markets and the regulatory Our values, which underpin everything we do, are: environment evolve. Honesty Integrity Respect Excellence TP ICAP Annual Report and Accounts 2018 Strategic report Governance report Financial statements 3 How we transact Read more about how we transact in our business model on pages 4 and 5. 1 2 3 TP ICAP 4 Oil It’s January To fly Brian there To get a fixed In August and Brian is in August the airline price for the fuel Brian jets off looking to buy needs to spend the airline uses a to Portugal. a plane ticket money on fuel. derivative. Rather than run TP ICAP helps the to Portugal in the risk of the price airline’s bank buy August for his of fuel increasing that derivative. £ summer holiday. by the time the The airline sells plane takes off in the ticket to August, the airline Brian for £200. fixes the price of fuel now in January. Mortgages Sophie is She finds a To protect Sophie moves moving house good deal themselves from into her new and wants from her bank potential interest home. to get a five who give her a rate rises, the bank year fixed rate mortgage to buys a financial mortgage. help her buy her product to help new home. them (an interest rate swap). They use £ TP ICAP to get the best price for this interest rate swap. FX Motion car Motion is worried Their bank uses Motion have company, that the US Dollar TP ICAP to certainty over based in the UK, might increase in buy a foreign the price of needs to ensure value over that exchange steel and is it has enough time. Motion derivative that able to meet steel to meet want to have fixes the price $ production demand for its certainty about $ of US Dollars demand. cars over the the US Dollar compared to next year. The price it will pay the pound. price of steel is for the steel so it in US Dollars. goes to its bank to get a fixed price. Financial Information John has a To get an accurate The financial data ABC Pension pension with value, ABC providers have in Fund provides ABC Pension Pension Fund turn been provided an up to date Fund managers needs financial the information pension fund and receives information and from TP ICAP. statement for a statement market prices on TP ICAP has a rich £ John. every year. This everything John supply of financial statement sets owns. ABC Pension data from tens out the value of Fund gets this of thousands of all his pension information from transactions we fund assets. financial data execute every day. providers. www.tpicap.com 4 Strategic report Our business model We provide our clients with a wide choice of execution services, data products and analytics. Our resources What we do We allocate our resources in the most We act as an intermediary between buyers and sellers of complex financial efficient and sustainable way possible products, enabling them to trade efficiently and effectively. There are three main to increase shareholder value. models in
Recommended publications
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [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]
  • Finn-Ancial Times Finncap Financials & Insurance Quarterly Sector Note
    finn-ancial Times finnCap Financials & Insurance quarterly sector note Q3 2020 | Issue 9 Highlights this quarter: Elevated uncertainty and volatility have been hallmarks of the last 18 months, with Brexit, the UK General Election and more recently COVID-19 all contributing to the challenges that face investors wishing to carve out solid and stable returns amid these ‘unprecedented’ times. With this is mind, and simulating finnCap’s proven Slide Rule methodology, we found the highest quality and lowest value stocks across the financials space, assessing how the make-up of these lists changed over the period January 2019 to July 2020, tracking indexed share price performance over the period as well as movements in P/E and EV/EBIT valuations. The top quartile list of Quality companies outperformed both the Value list and the FTSE All Share by rising +2.5% over the period versus -5.4% for the All Share and -14.3% for Value stocks. Furthermore, the Quality list had protection on the downside in the market crash between February and March 2020, and accelerated faster amid the market rally between late March and July 2020. From high to low (January to March), Quality moved -36.3% against the Value list at -45.5%, while a move off the lows to July was +37.4% for Quality and +34.0% for Value. There was some crossover between the Quality and Value lists, with 7 companies of the top quartile (16 companies in total) appearing in both the Quality and Value lists. This meant that a) investors could capture what we call ‘Quality at Value’ (i.e.
    [Show full text]
  • FTSE Factsheet
    FTSE COMPANY REPORT Share price analysis relative to sector and index performance Duke Royalty DUKE Investment Banking and Brokerage Services — GBP 0.4125 at close 10 August 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 10-Aug-2021 10-Aug-2021 10-Aug-2021 0.45 140 140 1D WTD MTD YTD Absolute -2.4 -1.2 -1.8 35.2 130 130 0.4 Rel.Sector -2.4 -0.5 -3.6 25.9 Rel.Market -2.8 -1.7 -3.7 20.9 120 120 0.35 VALUATION 110 110 0.3 Trailing 100 100 Relative Price Relative Price Relative 0.25 PE -ve Absolute Price (local (local currency) AbsolutePrice 90 90 EV/EBITDA -ve 0.2 80 80 PB 2.0 PCF 28.1 0.15 70 70 Div Yield 4.6 Aug-2020 Nov-2020 Feb-2021 May-2021 Aug-2021 Aug-2020 Nov-2020 Feb-2021 May-2021 Aug-2021 Aug-2020 Nov-2020 Feb-2021 May-2021 Aug-2021 Price/Sales -ve Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.2 90 90 90 Div Payout -ve 80 80 80 ROE -ve 70 70 70 Share Index) Share Share Sector) Share - 60 - 60 60 DESCRIPTION 50 50 50 40 40 The Company is a globally focused investment 40 RSI RSI (Absolute) 30 30 company specialising in diversified royalty investment.
    [Show full text]
  • Annual Report and Accounts 2019
    TP ICAP Annual Report and Accounts 2019 Annual Report and Accounts 2019 We provide access to global Contents financial and commodities Strategic report: Financial and strategic highlights 1 At a glance 2 markets, improving price Our business model 4 Chairman’s statement 6 discovery, flow of liquidity Chief Executive Officer’s review 8 Market factors 13 Strategy 14 and distribution of data, Case studies 15 Key performance indicators 18 working with and supporting Financial and operating review 20 Viability statement and the communities in which we going concern 33 Risk management 34 Principal risks and uncertainties 36 operate and facilitating Resources, relationships economic growth. and responsibilities 40 Governance report: Compliance with the UK Corporate Code 2018 46 Chairman’s introduction > Our brokers match buyers and sellers of financial, to governance 47 Board of Directors 50 energy and commodities products and facilitate Corporate governance report 52 price discovery, execution and risk management. How the Board has satisfied its section 172 duty 57 Report of the Nominations > We provide independent data to participants in and Governance Committee 66 the financial, energy and commodities markets, Report of the Audit Committee 70 Report of the Risk Committee 75 including live and historical pricing content, Report of the Remuneration and advanced valuation and risk analytics. Committee 78 Directors’ report 100 > We are a trusted partner to our clients, enabling Statement of Directors’ Responsibilities 105 them to transact with
    [Show full text]
  • Stoxx® Europe Total Market Financial Services Index
    STOXX® EUROPE TOTAL MARKET FINANCIAL SERVICES INDEX Components1 Company Supersector Country Weight (%) LONDON STOCK EXCHANGE Financial Services GB 10.21 DEUTSCHE BOERSE Financial Services DE 9.72 INVESTOR B Financial Services SE 8.23 PARTNERS GRP HLDG Financial Services CH 5.46 3I GROUP PLC. Financial Services GB 4.58 STANDARD LIFE ABERDEEN Financial Services GB 3.39 EXOR NV Financial Services IT 2.91 INVESTOR A Financial Services SE 2.82 GRP BRUXELLES LAMBERT Financial Services BE 2.74 M&G Financial Services GB 2.63 HARGREAVES LANSDOWN Financial Services GB 2.32 INTERMEDIATE CAPITAL GRP Financial Services GB 2.01 KINNEVIK B Financial Services SE 1.93 SCHRODERS Financial Services GB 1.68 AMUNDI Financial Services FR 1.54 EURONEXT Financial Services FR 1.41 INDUSTRIVARDEN A Financial Services SE 1.37 INDUSTRIVARDEN C Financial Services SE 1.32 INVESTEC Financial Services GB 1.24 WENDEL Financial Services FR 1.20 QUILTER Financial Services GB 1.17 ACKERMANS & VAN HAAREN Financial Services BE 1.14 SOFINA Financial Services BE 1.09 IG GRP HLDG Financial Services GB 1.08 MAN GRP Financial Services GB 1.04 PARGESA Financial Services CH 1.01 TP ICAP Financial Services GB 0.98 EURAZEO Financial Services FR 0.98 ASHMORE GRP Financial Services GB 0.97 BOLSAS Y MERCADOS ESPANOLES Financial Services ES 0.93 GRENKE N Financial Services DE 0.92 AZIMUT HLDG Financial Services IT 0.84 ONESAVINGS BANK Financial Services GB 0.80 JUPITER FUND MANAGEMENT Financial Services GB 0.79 JOHN LAING GROUP Financial Services GB 0.78 LATOUR INVESTMENT B Financial
    [Show full text]
  • Notice of the 2019 Annual General Meeting of TP ICAP Plc to Be
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to the action you should take, please take advice immediately from an independent professional adviser authorised under the Financial Services and Markets Act 2000. If you have sold or otherwise transferred all of your shares, please send this document, together with the accompanying documents, at once to the purchaser or transferee, or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Notice of the 2019 Annual General Meeting of TP ICAP plc to be held on Wednesday 15 May 2019 at 12.45pm (BST) at the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD TP ICAP plc Registered in England and Wales no. 5807599 TP ICAP plc Registered in England and Wales no. 5807599 9 April 2019 Dear shareholder, On behalf of the Directors of TP ICAP plc (together the ‘Directors’), it gives me great pleasure to invite you to attend the Annual General Meeting (or ‘AGM’) of TP ICAP plc (the ‘Company’) which will be held at the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD on Wednesday 15 May 2019 at 12.45pm (BST). Notice of AGM The formal Notice of AGM is set out on the following pages of this document, detailing the resolutions that the shareholders are being asked to vote on along with explanatory notes of the business to be conducted at the AGM. The AGM provides shareholders with an opportunity to communicate with the Directors and we welcome your participation.
    [Show full text]
  • Creating the World's Largest Interdealer Broker
    TP ICAP Annual Report and Accounts 2016 Creating the world’s largest interdealer broker Annual Report and Accounts 2016 Introduction TP ICAP is a global brokerage and information firm that plays Strategic report a central role at the heart of the world’s wholesale financial, Highlights 1 Who we are 2 energy and commodities markets. Our transformation and the > Our brokers match buyers and sellers of financial, energy and benefits it creates 4 commodities products and facilitate price discovery Our business model 6 Our strategy 8 > We provide independent data to participants in the financial, Key performance indicators 10 energy and commodities markets, including live and historical Chairman’s statement 12 pricing content, and advanced valuation and risk analytics Chief Executive’s review 14 Business and operating review 18 > We are a trusted partner to our clients, enabling them to transact Financial review 26 with confidence Risk management 32 > We facilitate the flow of capital and commodities around the world, Our principal risks and uncertainties 34 enhancing investment and contributing to economic growth Resources, relationships and responsibilities 38 Governance report Chairman’s Governance review 42 Board of Directors 44 This Annual Report has been prepared for, and only for, the members of the Company as a body, and no other persons. The Company, Corporate governance report 46 its Directors, employees, agents or 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 such responsibility is expressly disclaimed. By their nature, the statements concerning the risks Report of the Nominations Committee 50 and uncertainties facing the Group in this Annual Report involve uncertainty since future events and circumstances can cause results Report of the Audit Committee 51 and developments to differ materially from those anticipated.
    [Show full text]
  • Women in Finance Charter List of 273 Signatories
    Women in Finance Charter List of 273 signatories 68 new Charter signatories announced on 11 July 2018 Links to gender diversity targets to be published here in September Admiral Group AE3 Media Armstrong Wolfe Australia and New Zealand Banking Group Limited Barrington Hibbert Associates BNP Paribas Personal Finance BondMason Bovill Ltd Bower Recruitment Brooks Macdonald plc Canada Life Coventry Building Society Daiwa Capital Markets Europe Ltd EIS Association Ellis Davies Financial Planning Ltd Engage Financial Services Ltd Equifax Ltd Evolution Financial Planning Fintech Strategic Advisors Ltd Fintellect Recruitment First Wealth LLP Flood Re Ltd Foresight Franklin Templeton Investments GAM Global Processing Services Goji Investments Grant Thornton Hinckley and Rugby Building Society HUBX ICAEW Intermediate Capital Group Investec Asset Management Limited 11 July 2018 11 July 2018 J. P. Morgan Kames Capital plc Lazard & Co Limited Lazard Asset Management Limited LifeSearch Magenta Financial Planning Marsh Ltd Medianett Ltd Mortgages for Businesses Ltd MT Finance Ltd Mustard Seed Impact Ltd National Association of Commercial Finance Brokers Nomura International PIMCO Prytania Solutions Limited Pukka Insure Ltd Rathbone Brothers plc Scottish Equity Partners SDB Bookkeeping Services Semper Capital Management Shepherd Compello Ltd St. James’s Place plc Stonehaven International Sussex Independent Financial Advisers Ltd Tesco Underwriting The British United Provident Association (BUPA) The Meyer Partnership The Mortgage & Insurance Bureau TP
    [Show full text]
  • TP ICAP Or New TP ICAP
    THIS DOCUMENT AND ANY ACCOMPANYING DOCUMENTS ARE IMPORTANT AND REQUIRE YOUR IMMEDIATE ATTENTION. PART 2 OF THIS DOCUMENT CONTAINS AN EXPLANATORY STATEMENT IN COMPLIANCE WITH SECTION 897 OF THE COMPANIES ACT 2006. If you are in any doubt about the Proposals or the contents of this document or what action you should take, you are recommended to seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser. This document does not constitute an offer or invitation to any person to subscribe for or purchase any securities in TP ICAP or New TP ICAP. This document should be read in conjunction with the Prospectus relating to New TP ICAP, the Group and the New TP ICAP Ordinary Shares, prepared in accordance with the Prospectus Regulation Rules under Part VI of the FSMA and to be published today. The Prospectus will not be sent to you but you may obtain a copy from TP ICAP’s website www.tpicap.com/investors. A copy of the Prospectus will also be available for inspection at Floor 2, 155 Bishopsgate, London EC2M 3TQ from the date of publication until Admission during normal business hours on any Business Day. In accordance with paragraph 9.6.1 of the Listing Rules, a copy of the Prospectus will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
    [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]
  • Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017
    Report of Activities Pursuant to Act 44 of 2010 Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017 Appendix D: Securities Held by Funds The Four Funds hold thousands of publicly and privately traded securities. Act 44 directs the Four Funds to publish “a list of all publicly traded securities held by the public fund.” For consistency in presenting the data, a list of all holdings of the Four Funds is obtained from Pennsylvania Treasury Department. The list includes privately held securities. Some privately held securities lacked certain data fields to facilitate removal from the list. To avoid incomplete removal of privately held securities or erroneous removal of publicly traded securities from the list, the Four Funds have chosen to report all publicly and privately traded securities. The list below presents the securities held by the Four Funds as of June 30, 2017. 1345 AVENUE OF THE A 1 A3 144A AAREAL BANK AG ABRY MEZZANINE PARTNERS LP 1721 N FRONT STREET HOLDINGS AARON'S INC ABRY PARTNERS V LP 1-800-FLOWERS.COM INC AASET 2017-1 TRUST 1A C 144A ABRY PARTNERS VI L P 198 INVERNESS DRIVE WEST ABACUS PROPERTY GROUP ABRY PARTNERS VII L P 1MDB GLOBAL INVESTMENTS L ABAXIS INC ABRY PARTNERS VIII LP REGS ABB CONCISE 6/16 TL ABRY SENIOR EQUITY II LP 1ST SOURCE CORP ABB LTD ABS CAPITAL PARTNERS II LP 200 INVERNESS DRIVE WEST ABBOTT LABORATORIES ABS CAPITAL PARTNERS IV LP 21ST CENTURY FOX AMERICA INC ABBOTT LABORATORIES ABS CAPITAL PARTNERS V LP 21ST CENTURY ONCOLOGY 4/15
    [Show full text]