The Potential Influence of Institutional Investors on Construction Organisations
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Costain Group PLC PLC Costain Group Costain House Nicholsons Walk Being Number One Maidenhead Costain Group PLC Berkshire SL6 1LN Annual Report 2005 Telephone 01628 842444 www.costain.com Annual Report 2005 Costain is an international Financial calendar engineering and construction Half year results – Announced 31 August 2005 Full year results – Announced 15 March 2006 company, seen as an Report & Accounts – Sent to shareholders 28 March 2006 Annual General Meeting – To be held 27 April 2006 Half year results 2005 – To be announced 30 August 2006 automatic choice for projects Analysis of Shareholders Shares requiring innovation, initiative, Accounts (millions) % Institutions, companies, individuals and nominees: Shareholdings 100,000 and over 156 321.92 90.39 teamwork and high levels of Shareholdings 50,000 – 99,999 93 6.37 1.69 Shareholdings 25,000 – 49,999 186 6.01 1.79 Shareholdings 5,000 – 24,999 1,390 13.78 3.87 technical and managerial skills. Shareholdings 1 – 4,999 12,848 8.06 2.26 14,673 356.14 100.00 Secretary and Registered Office Secretary Registrar and Transfer Office Clive L Franks Lloyds TSB Registrars The Causeway Registered Office Worthing Costain Group PLC West Sussex Costain House BN99 6DA Nicholsons Walk Telephone 0870 600 3984 Maidenhead Berkshire SL6 1LN Telephone 01628 842444 www.costain.com [email protected] Company Number 1393773 Shareholder information The Company’s Registrar is Lloyds TSB Registrars, The Causeway, Worthing, West Sussex BN99 6DA. For enquiries regarding your shareholding, please telephone 0870 600 3984. You can also view up-to-date information abourt your holdings by visiting the shareholder web site at www.shareview.co.uk. -
May CARG 2020.Pdf
ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN. -
City-REDI Policy Briefing Series
City-REDI Policy Briefing Series March Image Image 2018 Part B Carillion’s Collapse: Consequences Dr Amir Qamar & Professor Simon Collinson Carillion, the second-largest construction firm in the UK, were proud of their commitment to support regional growth and small-scale suppliers. As part of this commitment they directed 60% of project expenditure to local economies. Following the collapse of the firm, this positive multiplier effect became a significant, negative multiplier effect, particularly damaging to small-scale suppliers in the construction industry. The aim of this policy brief is to examine the consequences of Carillion’s demise, many of which are only now surfacing. One of the fundamental lessons that we can learn from Carillion’s collapse is about these ‘contagion’ effects. As we saw in the 2008 financial crisis, the businesses that underpin the economic health of the country are connected and strongly co-dependent. When a large flagship firm falls it brings down others. This does not mean we need more state intervention. But it does mean we need more intelligent state intervention. One of the fundamental lessons that the Government can learn from the Carillion episode is that it has a significant responsibility as a key customer, using public sector funds for public sector projects, to monitor the health of firms and assess the risks prior to issuing PPI and other contracts. 1 Introduction The collapse of Carillion, the second-largest construction firm in the UK, has had a significant, negative knock-on effect, particularly on small-scale suppliers in the industry. In total, Carillion was comprised of 326 subsidiaries, of which 199 were in the UK. -
Full Portfolio Holdings
Hartford Multifactor International Fund Full Portfolio Holdings* as of August 31, 2021 % of Security Coupon Maturity Shares/Par Market Value Net Assets Merck KGaA 0.000 152 36,115 0.982 Kuehne + Nagel International AG 0.000 96 35,085 0.954 Novo Nordisk A/S 0.000 333 33,337 0.906 Koninklijke Ahold Delhaize N.V. 0.000 938 31,646 0.860 Investor AB 0.000 1,268 30,329 0.824 Roche Holding AG 0.000 74 29,715 0.808 WM Morrison Supermarkets plc 0.000 6,781 26,972 0.733 Wesfarmers Ltd. 0.000 577 25,201 0.685 Bouygues S.A. 0.000 595 24,915 0.677 Swisscom AG 0.000 42 24,651 0.670 Loblaw Cos., Ltd. 0.000 347 24,448 0.665 Mineral Resources Ltd. 0.000 596 23,709 0.644 Royal Bank of Canada 0.000 228 23,421 0.637 Bridgestone Corp. 0.000 500 23,017 0.626 BlueScope Steel Ltd. 0.000 1,255 22,944 0.624 Yangzijiang Shipbuilding Holdings Ltd. 0.000 18,600 22,650 0.616 BCE, Inc. 0.000 427 22,270 0.605 Fortescue Metals Group Ltd. 0.000 1,440 21,953 0.597 NN Group N.V. 0.000 411 21,320 0.579 Electricite de France S.A. 0.000 1,560 21,157 0.575 Royal Mail plc 0.000 3,051 20,780 0.565 Sonic Healthcare Ltd. 0.000 643 20,357 0.553 Rio Tinto plc 0.000 271 20,050 0.545 Coloplast A/S 0.000 113 19,578 0.532 Admiral Group plc 0.000 394 19,576 0.532 Swiss Life Holding AG 0.000 37 19,285 0.524 Dexus 0.000 2,432 18,926 0.514 Kesko Oyj 0.000 457 18,910 0.514 Woolworths Group Ltd. -
Louisiana Connection United Kingdom
LOUISIANA CONNECTION UNITED KINGDOM RECENT NEWS In January 2015, Louisiana Gov. Bobby Jindal visited the United Kingdom as part of an economic development effort. While there, he also addressed the Henry Jackson Society regarding foreign policy. FOREIGN DIRECT INVESTMENT The United Kingdom is the most frequent investor in Louisiana, with 31 projects since 2003 accounting for over $1.4 billion in capital expenditure and over 2,200 jobs. UK has invested many business service projects in Louisiana. Hayward Baker, a geotechnical contractor and a subsidiary of the UK-based Keller Group, has opened a new office in New Orleans to support customers and projects along the Gulf Coast. Atkins, a design an engineering consultancy, has opened a new office in Baton Rouge, the office aims to increase the firm’s support capabilities for projects throughout Louisiana. CONTACT INFORMATION Tymor Marine, an energy consultancy company, has opened a SANCHIA KIRKPATRICK new office in Kaplan, Louisiana, The opening will serve customers Chief Representative, United Kingdom operating in the Gulf of Mexico. [email protected] T +44.0.7793222939 In June 2013, Hunting Energy Services completed a $19.6 million investment in its new Louisiana facility. JAMES J. COLEMAN, JR., OBE Great Britain Louisiana companies have also established a presence in the UK. www.gov.uk/government/work/usa Including 15 direct investments in the U.K. since 2003 that have T 504.524.4180 resulted in capital expenditures totaling $253 million and the JUDGE JAMES F. MCKAY III creation of 422 jobs. Honorary Consul, Ireland [email protected] T 504.412.6050 TRADE EXPORTS IMPORTS The U.K. -
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. -
Crr 412/2002
HSE Health & Safety Executive A survey of UK approaches to sharing good practice in health and safety risk management Prepared by Risk Solutions for the Health and Safety Executive CONTRACT RESEARCH REPORT 412/2002 HSE Health & Safety Executive A survey of UK approaches to sharing good practice in health and safety risk management E Baker Risk Solutions 1st floor, Central House 14 Upper Woburn Place London, WC1H 0JN United Kingdom The concept of good practice is central to HSE’s approach to regulation of health and safety management. There must therefore be a common understanding of what good practice is and where it can be found. A survey was conducted to explore how industry actually identifies good practice in health and safety management, decides how to adopt it, and how this is communicated with others. The findings are based primarily on a segmentation of the survey results by organisation size, due to homogeneity of the returns along other axes of analysis. A key finding is that there is no common understanding of the term good practice or how this is distinguished from best practice. Regulatory interpretation of good practice is perceived to be inconsistent. Three models were identified: A) Large organisations, primarily in privatised industries, have effective Trade Associations where good practice is developed and guidance disseminated industry-wide. B) Large and medium-sized organisations in competitive industries have ineffective trade associations. They develop good practices in-house and may only share these with their competitors when forced to do so. C) Small organisations have little contact with their competitors. -
Annual Report 2007 Download PDF 504.15 KB
Delivering profitable growth Annual Report and Financial Statements 2007 CONTENTS PERFORMANCE “Galliford Try has had an excellent year. We have delivered significant profit growth across all our businesses, Highlights 01 our recent acquisitions are performing The Group 02 ahead of expectations, and we are Chairman’s Statement 03 confident that our strategy will continue Business Review 04 to deliver sustainable growth and Divisional Reviews 06 increased shareholder value.” Financial Results 11 Corporate Responsibility 14 Greg Fitzgerald Corporate and Social Responsibility Report 16 Chief Executive DIRECTORS AND GOVERNANCE Directors and Executive Board 20 Directors’ Report 22 Corporate Governance Report 24 Remuneration Report 28 FINANCIALS Independent Auditors’ Report – Group 34 Consolidated Income Statement 35 Consolidated Statement of Recognised Income and Expense 36 Consolidated Balance Sheet 37 Consolidated Cash Flow Statement 38 Notes to the Consolidated Financial Statements 39 Independent Auditors’ Report – Company 72 Company Balance Sheet 73 Notes to the Company Financial Statements 74 Five-Year Record 82 Contacts 83 Shareholder Information 84 HIGHLIGHTS For the year ended 30 June 2007 • Results ahead of expectations from Morrison Construction and REVENUE Chartdale Homes in the first full year following acquisition. +65% • Good performance from Linden Homes since acquisition; integration going well with synergies exceeding forecast. • Year end net debt of £99 million, representing gearing of 32 per cent, £1,410 m significantly better than expectations. • Current construction order book maintained at £2.1 billion. PROFIT BEFORE TAX • Record housebuilding completions of 1,526 units and landbank +75% of 11,200 plots. Encouraging sales during the summer period with current sales in hand of £323 million. -
Keep Calm and Carillion – the Company’S Pension Schemes Are More Secure Than They Look
Keep Calm and Carillion – The Company’s Pension Schemes Are More Secure than They Look Safeguarding the Carillion pension empire The company we came to know as Carillion was created in July 1999, following a demerger from Tarmac, through which it acquired a number of huge UK employers, including Mowlem and Alfred McAlpine. This gave the new company immediate responsibility for 13 defined benefit pension schemes. Almost two decades later, 27,500 people First Actuarial’s Catherine Lockyer continue to have benefits in schemes reliant on Carillion as sponsor, with close to half of sheds light on the doom and gloom these already receiving their pensions. surrounding Carillion’s pension schemes Commentators were not slow to point to The recent collapse of the construction and public problems with Carillion’s pension schemes. services contractor, Carillion plc, sent shockwaves The Guardian reported that MPs were through the British economy. accusing the company of trying to wriggle out of its pension obligations, for example. When the news broke in January, the future looked And The Economist asked whether pension uncertain for the company’s 20,000 UK employees. protection was still viable, referring to ‘a big And as industrialists took the measure of the hole’. All in all, the future of these schemes consequences for the country, other questions looked deeply uncertain, and this can only quickly emerged. have added to the anxieties of Carillion’s employees and pensioners. How would the Government deal with the huge infrastructure projects that Carillion had failed to The fantastic news, however, is that all of complete? Who would manage the maintenance Carillion’s pension scheme members have and service of hundreds of hospitals, schools and the security of the Pension Protection Fund homes? And as for the thousands of smaller (PPF). -
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J Jarvis & Sons Ltd V Blue Circle Dartford Estates Ltd [2007]
J Jarvis & Sons Ltd v Blue Circle Dartford Estates Ltd [2007] APP.L.R. 05/14 JUDGMENT : MR JUSTICE JACKSON: TCC. 14th May 2007 1. This judgment is in seven parts, namely, Part 1 "Introduction"; Part 2 "The Facts"; Part 3 "The Present Proceedings"; Part 4 "The Law"; Part 5 "The Application for an Injunction"; Part 6 "Jarvis's Challenges to the Interim Award"; and Part 7 "Conclusion". Part 1: Introduction 2. This is an action brought by a main contractor in order to prevent the continuance of an arbitration. The contractor seeks to achieve that result either by means of an injunction or, alternatively, by challenging an Interim Award of the Arbitrator. This litigation has been infused with some urgency because it was launched just fifteen days before the date fixed for the start of arbitration hearing. 3. J Jarvis & Sons Limited is claimant in these proceedings and defendant in the arbitration. Prior to 18th February 1997, the name of this company was J Jarvis & Sons plc. I shall refer to the company as "Jarvis". Jarvis is the subsidiary company of Jarvis plc. Blue Circle Dartford Estates Limited is defendant in these proceedings and claimant in the arbitration. I shall refer to this party as "Blue Circle". Blue Circle is a subsidiary company of Blue Circle Industries plc. The solicitors for the parties will feature occasionally in the narrative. Squire & Co are solicitors for Jarvis. Howrey LLP are solicitors for Blue Circle. 4. I turn now to other companies which will feature in the narrative of events. GEFCO (UK) Limited are forwarding agents. -
Jan/Feb 2007 (PDF)
THE MAGAZINE OF THE MASTER BUILDERS’ ASSOCIATION OF WESTERN PENNSYLVANIA JANUARY / FEBRUARY 2007 cov1 Contents PUBLISHER Tall Timber Group EDITOR Jeff Burd 412-366-1857 [email protected] Cover Story The Encore on PRODUCTION MANAGER Seventh Carson Publishing, Inc. Lincoln Properties, Quellé Diggs Mascaro Construction, HKS Architects ART DIRECTOR/GRAPHIC DESIGN Photo by Ed Massery Copyright 2006 Carson Publishing, Inc. Jaimee D. Greenawalt COVER PHOTO Ed Massery CONTRIBUTING PHOTOGRAPHY Carson Publishing, Inc. ADVERTISING SALES Features & Departments Tall Timber Group 412-366-1857 Dorothy Frank 3 PUBLISHER’S NOTE 30 MANAGEMENT 412-201-3222 PERSPECTIVE 4 NEWS FROM Some local leaders let us in on their More information: THE STREET resolutions for turning around 2007 BreakingGround is published by Tall More green building news, AIA Timber Group for the Master Builders’ Pittsburgh announces design awards, 33 MBE/WBE Association of Western Pennsylvania CBRE acquires Trammel Crow, COMPANY SPOTLIGHT Westinghouse nuclear is staying, the Window Treats No part of this magazine may be Pennsylvania legislature looks at a reproduced without written permission host of construction-related laws by the Publisher. All rights reserved. 34 TREND TO WATCH Home servers can help you make 7 REGIONAL sense of all the digital devices at This information is carefully gathered and MARKET UPDATE home compiled in such a manner as to ensure Local housing bubble pops, but maximum accuracy. We cannot, and do non-residential construction keeps 36 BEST PRACTICE not, guarantee either the correctness of chugging along all information furnished nor the complete Building information modeling absence of errors and omissions. Hence, responsibility for same neither can be, 9 NATIONAL 39 AWARDS AND nor is, assumed. -
Aggregates Market Investigation
LAFARGE AGGREGATES LIMITED AND LAFARGE CEMENT UK LIMITED OVERVIEW SUBMISSION IN RESPONSE TO THE COMPETITION COMMISSION’S STATEMENT OF ISSUES NON-CONFIDENTIAL VERSION April, 2012 K&E 91146101.1 OVERVIEW SUBMISSION IN RESPONSE TO THE COMPETITION COMMISSION’S STATEMENT OF ISSUES 1. This Submission is made by Lafarge Aggregates Limited and Lafarge Cement UK Limited (together, “Lafarge”) in response to the Competition Commission’s (“CC”) Statement of Issues dated 8 March 2012. A. Executive Summary 2. The timing of the CC market investigation into the supply or acquisition of aggregates, cement and ready-mix concrete (“RMX”) (the “MIR”) presents a series of challenges for both the CC and market participants, including Lafarge: Market Decline. The MIR takes place against the backdrop of an economic downturn since 2008 which has been longer and more severe than any experienced by the construction materials industry within the last 30 years. The reduction in volumes has accelerated again in 2012 with year-on-year declines for the first quarter in excess of 10 per cent for aggregates and RMX, while GB cement volumes appear likely to decline or to remain flat at best in 2012. Industry forecasts do not predict any change in these trends before at least 2014, at which point demand is expected still to remain below levels seen in 2009. Any potential improvements will develop from a low base, resulting in sustained and significant levels of overcapacity. Combination of Lafarge and Tarmac. Lafarge announced in February 2011 the proposed combination of its UK construction materials business with that of Tarmac Limited (the “Proposed JV”).