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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. -
Market Beating Organic Growth
Market 4imprint Group plc Beating Organic Growth Annual Report and Accounts 2016 Annual Report and Accounts 2016 ABOUT 4IMPRINT Contents Overview We are the leading 01 2016 Highlights 02 At a Glance 04 Chairman’s Statement direct marketer of Strategic Report 06 Chief Executive’s Review 08 Strategy promotional products 09 Market Overview 10 Business Model 11 Key Performance Indicators 12 Financial Review in the USA, Canada, 16 Principal Risks & Uncertainties 19 Corporate & Social Responsibility Report the UK and Ireland. Governance 22 Board of Directors Most of our revenue is generated in North America, serviced from the 24 Directors’ Report 26 Statement on Corporate principal office in Oshkosh, Wisconsin. Customers in the UK and Irish Governance markets are served out of an office in Manchester, UK. 32 Annual Statement by the Chairman of the Remuneration Committee Operations are focused around a highly developed direct marketing 34 Remuneration Report 40 Statement of Directors’ business model which provides millions of potential customers with Responsibilities access to tens of thousands of customised products. Financial Statements 41 Independent Auditors’ Report Organic growth is delivered by using a wide range of data-driven, offline – Group and online direct marketing techniques to capture market share in the 46 Group Income Statement 47 Group Statement of large and fragmented promotional product markets that we serve. Comprehensive Income 48 Group Balance Sheet 49 Group Statement of Changes in Shareholders’ Equity 50 Group Cash Flow -
The Pulp Invasion: the International Pulp and Paper Industry in the Mekong Region by Chris Lang
The Pulp Invasion: The international pulp and paper industry in the Mekong Region by Chris Lang World Rainforest Movement Cover design: Flavio Pazos Copyright ©: World Rainforest Movement International Secretariat Maldonado 1858, Montevideo, Uruguay Tel: +598 2 413 2989, Fax: +598 2 418 0762 E-mail: [email protected] Web site: http://www.wrm.org.uy Northern office 1c Fosseway Business Centre, Stratford Road, Moreton-in-Marsh, GL56 9NQ, United Kingdom Tel: +44.1608.652.893, Fax: +44.1608.652.878 E-mail: [email protected] The contents of this publication can be reproduced totally or partially without prior authorization. However, the World Rainforest Movement should be duly accredited and notified of any reproduction. Published in December 2002 ISBN: 9974 - 7608 - 8 - 7 This publication was made possible with financial support from NOVIB (The Netherlands) and with guidance from TERRA (Towards Ecological Recovery and Regional Alliance - Thailand) The Pulp Invasion: The international pulp and paper industry in the Mekong Region Contents: About this publication 5 Introduction 5 CAMBODIA – Land-grabs, logging and plantations 12 1. The land law and the forestry law Land Law Forestry Law 2. Rubber and oil palm plantations 3. A history of fast-growing tree plantations in Cambodia 4. The Pheapimex concession References LAOS – Subsidies to a struggling plantation industry 24 1. Overview of the situation today 2. International support to the industry Asian Development Bank JICA – Forest Conservation and Afforestation Project Sida – Lao-Swedish Forestry Programme 3. Companies BGA Lao Plantation Forestry Asia Tech Burapha Brierley References THAILAND – The fast-growing pulp and paper industry 42 1. -
Thermal Paper from Germany, Japan, Korea, and Spain
Thermal Paper from Germany, Japan, Korea, and Spain Investigation Nos. 731-TA-1546-1549 (Preliminary) Publication 5141 December 2020 U.S. International Trade Commission Washington, DC 20436 U.S. International Trade Commission COMMISSIONERS Jason E. Kearns, Chair Randolph J. Stayin, Vice Chair David S. Johanson Rhonda K. Schmidtlein Amy A. Karpel Catherine DeFilippo Director of Operations Staff assigned Ahdia Bavari, Investigator Robert Ireland, Industry Analyst Carlos Payan, Economist Zahra Bekkal, Accountant Charles Yost, Accountant Conor Hargrove, Statistician Courtney McNamara, Attorney Mary Beth Jones, Supervisory Investigator Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 U.S. International Trade Commission Washington, DC 20436 www.usitc.gov Thermal Paper from Germany, Japan, Korea, and Spain Investigation Nos. 731-TA-1546-1549 (Preliminary) Publication 5141 December 2020 CONTENTS Page Determinations .............................................................................................................................. 1 Views of the Commission ............................................................................................................. 3 Introduction ................................................................................................................ I‐1 Background ............................................................................................................................. I‐1 Statutory criteria .................................................................................................................... -
Blackrock UK Special Situations Fund
Annual report BlackRock UK Special Situations Fund For the year ended 28 February 2019 Contents General Information Manager & Registrar General Information 2 BlackRock Fund Managers Limited About the Fund 3 12 Throgmorton Avenue, London EC2N 2DL Investment Objective & Policy 3 Member of The Investment Association and authorised and regulated by the Financial Conduct Authority (“FCA”). Fund Managers 3 Directors of the Manager G D Bamping* C L Carter M B Cook (appointed 2 May 2018) W I Cullen* Significant Events 3 R A Damm (resigned 31 December 2018) R A R Hayes A M Lawrence Risk and Reward Profile 4 L E Watkins (appointed 16 May 2018, resigned 1 March 2019) M T Zemek* Performance Table 5 * Non-executive Director. Classification of Investments 6 Trustee* & Custodian The Bank of New York Mellon (International) Limited Investment Report 7 One Canada Square, London E14 5AL Performance Record 9 Authorised by the Prudential Regulation Authority and regulated by the FCA and the Prudential Distribution Tables 13 Regulation Authority. * On 18 June 2018 the Trustee changed from BNY Mellon Trust & Depositary (UK) Limited to The Bank of New York Mellon (International) Limited. Report on Remuneration 14 Portfolio Statement 20 Investment Manager BlackRock Investment Management (UK) Limited Statement of Total Return 24 12 Throgmorton Avenue, London EC2N 2DL Statement of Change in Net Assets Attributable to Unitholders 24 Authorised and regulated by the FCA. Balance Sheet 25 Securities Lending Agent Notes to Financial Statements 26 BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London EC2N 2DL Statement of Manager’s Responsibilities 41 Authorised and regulated by the FCA. -
Fiscal Quarter-End Holdings (Pdf)
Quarterly Schedules of Portfolio Holdings International & Global Funds July 31, 2020 Retirement Institutional Administrative Investor Class Class Class Class Harbor Diversified International All Cap Fund HNIDX HAIDX HRIDX HIIDX Harbor Emerging Markets Equity Fund HNEMX HAEMX HREMX HIEEX Harbor Focused International Fund HNFRX HNFSX HNFDX HNFIX Harbor Global Leaders Fund HNGIX HGGAX HRGAX HGGIX Harbor International Fund HNINX HAINX HRINX HIINX Harbor International Growth Fund HNGFX HAIGX HRIGX HIIGX Harbor International Small Cap Fund HNISX HAISX HRISX HIISX Harbor Overseas Fund HAORX HAOSX HAOAX HAONX Table of Contents Portfolios of Investments HARBOR DIVERSIFIED INTERNATIONAL ALL CAP FUND. ..... 1 HARBOR EMERGING MARKETS EQUITY FUND . .......... 8 HARBOR FOCUSED INTERNATIONAL FUND. ................................. 11 HARBOR GLOBAL LEADERS FUND. ................. 13 HARBOR INTERNATIONAL FUND . 15 HARBOR INTERNATIONAL GROWTH FUND . ........................ 21 HARBOR INTERNATIONAL SMALL CAP FUND. ................. 24 HARBOR OVERSEAS FUND . ............................................ 26 Notes to Portfolios of Investments ..................................... 31 Harbor Diversified International All Cap Fund PORTFOLIO OF INVESTMENTS—July 31, 2020 (Unaudited) Value, Cost, and Principal Amounts in Thousands COMMON STOCKS—96.4% COMMON STOCKS—Continued Shares Value Shares Value AEROSPACE & DEFENSE—0.7% BANKS—Continued 28,553 Airbus SE (France)* .............................. $ 2,090 236,142 Svenska Handelsbanken AB (Sweden) ............... $ -
100 Couverture 0..1
Fonds de Compensation de la Scurit Sociale, SICAV-FIS Socit d’Investissement à Capital Variable – Fonds d’Investissement Spcialis Annual Report (Audited) for the period from 22 August 2007 to 31 December 2007 No subscriptions can be received on the basis of this financial report. Subscriptions are only valid if made on the basis of the current prospectus accompanied with the latest annual and most recent semi-annual report, if published thereafter. Fonds de Compensation de la Scurit Sociale, SICAV-FIS Socit d’Investissement à Capital Variable – Fonds d’Investissement Spcialis Annual Report (Audited) for the period from 22 August 2007 to 31 December 2007 Contents General Information 2 FDC SICAV Obligations EUR – Actif 1 Information to Shareholders 3 Schedule of Investments and Other Net Assets 79 Industrial Classification of the Investment portfolio 82 Report of the Board of Directors 4 FDC SICAV Obligations EUR – Actif 2 Independent Auditor’s Report 5 Schedule of Investments and Other Net Assets 83 Statement of Net Assets 6 Industrial Classification of the Investment portfolio 85 Statement of Operations and Changes in Net Assets 9 FDC SICAV Obligations EUR – Actif 3 Statement of Share Statistics 12 Schedule of Investments and Other Net Assets 86 Industrial Classification of the Investment portfolio 88 Notes to the Financial Statements 13 FDC SICAV Obligations Monde – Actif 1 FDC SICAV Actions Europennes – Actif 1 Schedule of Investments and Other Net Assets 89 Schedule of Investments and Other Net Assets 18 Industrial Classification of -
Deloitte Studie
Global Powers of Retailing 2018 Transformative change, reinvigorated commerce Contents Top 250 quick statistics 4 Retail trends: Transformative change, reinvigorated commerce 5 Retailing through the lens of young consumers 8 A retrospective: Then and now 10 Global economic outlook 12 Top 10 highlights 16 Global Powers of Retailing Top 250 18 Geographic analysis 26 Product sector analysis 30 New entrants 33 Fastest 50 34 Study methodology and data sources 39 Endnotes 43 Contacts 47 Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top 250. This year’s report will focus on the theme of “Transformative change, reinvigorated commerce”, which looks at the latest retail trends and the future of retailing through the lens of young consumers. To mark this 21st edition, there will be a retrospective which looks at how the Top 250 has changed over the last 15 years. 3 Top 250 quick statistics, FY2016 5 year retail Composite revenue growth US$4.4 net profit margin (Compound annual growth rate CAGR trillion 3.2% from FY2011-2016) Aggregate retail revenue 4.8% of Top 250 Minimum retail Top 250 US$17.6 revenue required to be retailers with foreign billion among Top 250 operations Average size US$3.6 66.8% of Top 250 (retail revenue) billion Composite year-over-year retail 3.3% 22.5% 10 revenue growth Composite Share of Top 250 Average number return on assets aggregate retail revenue of countries with 4.1% from foreign retail operations operations per company Source: Deloitte Touche Tohmatsu Limited. -
FTSE Factsheet
FTSE COMPANY REPORT Share price analysis relative to sector and index performance Data as at: 27 March 2020 Ascential ASCL Media — GBP 2.424 at close 27 March 2020 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Trailing PE 6.6 EV/EBITDA 15.0 PB 2.5 PCF 23.9 Div Yield 1.7 Price/Sales 4.0 Net Debt/Equity 0.5 Div Payout 11.1 ROE 47.0 DESCRIPTION Data unavailable The Company is an International Business-to- Business Media Company with a focused portfolio of market-leading Events and Information Services Products. See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Ascential 27 March 2020 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 28-Feb-2020 28-Feb-2020 28-Feb-2020 100 28 8 ‖ +1SD 90 26 7 80 70 24 6 +1SD Avg 60 22 50 5 40 20 Avg +1SD 4 30 -1SD 18 20 Avg 16 3 -1SD 10 -1SD 0 14 2 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Hyve Group 120.0 Rightmove 26.6 Rightmove 25.0 Future 120.0 Future 24.6 Auto Trader Group 25.0 STV Group 102.9 4imprint Group 21.0 4imprint Group 22.9 Informa 41.1 Euromoney Institutional Investor 20.8 RELX 16.8 Auto Trader Group Moneysupermarket.com -
Financial Results Presentation for the Third Quarter of FY2013
Seven & i Holdings Co., Ltd. Financial Results Presentation for the Third Quarter of FY2013 January 8, 2013 Seven & i Holdings Co., Ltd. Consolidated Financial Results for the Nine Months ended November 30, 2012 Overview of Consolidated Financial Results Achieved slight growth in operating income due to improvements in 3Q (Sept. to Nov.) Achieved drastic net income growth due to decrease in special losses (Billions of yen) Nine Months ended Nov. 30, 2012 Change from Major Factors in YOY Changes Amount YOY previous year Group’s total Contributions from higher total store 6,321.9 105.3% +317.2 sales for Seven-Eleven Japan (SEJ) and sales* 7-Eleven, Inc. (SEI) Revenues Increased revenues from operations in from 3,677.5 103.6% +129.0 SEJ and SEI operations Operating Income growth continues in convenience 100.1% income 216.4 +0.2 store operations and financial services Special losses in 3Q YTD ended Nov. 30, 2011 Net income 96.9 115.9% +13.3 Loss on disaster: 24.5 billion yen Asset retirement obligations: 22.5 billion yen * Group’s total sales include the sales of Seven-Eleven Japan and 7-Eleven, Inc. franchisees. 1 Copyright (C) Seven & i Holdings Co., Ltd. All Rights Reserved. Operating Income by Business Segments Convenience store operations achieved favorable operating income growth Superstore operations also achieved operating income growth in 3Q (Sept. to Nov.) (Billions of yen) 3Q (from Sept. to Nov., 2012) Nine Months ended Nov. 30, 2012 Change from Change from Amount YOY Amount YOY previous year previous year Consolidated operating income 69.2 104.8% +3.1 216.4 100.1% +0.2 Convenience stores 55.9 97.9% (1.1) 172.4 103.3% +5.4 Superstores 3.6 476.9% +2.8 12.8 59.1% (8.9) Department stores (1.4) - (0.6) (0.1) - (1.6) Food services (0.01) - +0.6 0.4 - +0.7 Financial services 10.2 112.1% +1.1 28.8 113.4% +3.4 Others 0.9 416.0% +0.7 3.0 219.7% +1.6 2 Copyright (C) Seven & i Holdings Co., Ltd. -
Seven & I Holdings' Market Share in Japan
Financial Data of Seven & i Holdings’ Major Retailers in Japan Market Share in Japan Major Group Companies’ Market Share in Japan ( Nonconsolidated ) In the top 5 for total store sales at convenience stores FY00 Share (Billions of yen) (%) Convenience stores total market ,1.1 100.0 Others Ministop 1.% 1 Seven-Eleven Japan 2,533.5 34.1 .% Seven-Eleven Japan Lawson 1,. 1. 34.1% Circle K Sunkus 11.% FamilyMart 1,0. 1. Circle K Sunkus . 11. FamilyMart Lawson 1.% 1.% Ministop .1 . Top Combined ,11. In the top 5 for net sales at superstores FY00 Share (Billions of yen) (%) Superstores total market 1,9. 100.0 AEON 1.% 1 AEON 1,. 1. Ito-Yokado 2 Ito-Yokado 1,487.4 11.8 11.8% Others .0% Daiei .9 . Daiei .% UNY 9. UNY .% Seiyu Seiyu . .% Top Combined ,0. .0 In the top 5 for net sales at department stores FY00 Share (Billions of yen) (%) Department stores total market ,1.0 100.0 Takashimaya 9.% Mitsukoshi 1 Takashimaya . 9. .% Sogo 5.7% Mitsukoshi 9. Others Daimaru 3 Sogo 494.3 5.7 .1% .% Seibu Daimaru 0. 5.3% 5 Seibu 459.0 5.3 Top Combined ,00.1 .9 Source: 1. The Current Survey of Commerce (Japan Ministry of Economy, Trade and Industry) . Public information from each company 38 Financial Data of Major Retailers in Japan Convenience Stores Total store sales (Millions of yen) Gross margin (%) ,00,000 ,000,000 1,00,000 0 1,000,000 00,000 0 FY00 FY00 FY00 FY00 FY00 FY00 FY00 FY00 FY00 FY00 FY00 FY00 Seven-Eleven Japan ,11,01 ,1,9 ,,1 ,0, ,9, ,, Seven-Eleven Japan 0. -
Pulp and Paper Industries in Japan and Indonesia
Visiting Research Fellow Monograph Series This series aim at disseminating the results of research done by Visiting Research Fellows at the Institute of Developing Economies. However, no part of this paper may be quoted without the permission of the author, since some of the results may be preliminary. Further, the findings, interpretations and conclusions expressed in this paper are entirely those of the author(s). Paper does not imply endorsement by the Institute of Developing Economies of any of the facts, figures, and views expressed. The Institute of Developing Economies does not guarantee the accuracy of the data included in this paper and accepts no responsibility whatsoever for any consequence of their use. ACKNOWLEDGEMENTS This research was made possible through valuable funding from IDE-JETRO. I am extremely grateful to IDE-JETRO for allowing me to carry out this research in the period August 2006-February 2007. This report has benefited substantially from inputs and insights from certain individuals and Research Institute Library Officers (IDE, OJI Museum, and FFPRI). I would like to thank Prof. FUJITA Masahisa and Dr. YOSHIDA Mikimasa, as President and Executive Vice President of the Institute of Developing Economies (IDE-JETRO), Dr. SATO Yuri (as host scientist), Prof. NAGATA Shin, Prof. INOUE Makoto (The University of Tokyo), Dr. TACHIBANA Satoshi and Dr. ZHANG Yufu (Forestry and Forest Products Research Institute/FFPRI), for their discussion and critical comments upon this paper. I am also grateful to and extend many thanks to all researchers from the Southeast Asian Studies Group 1 (Area Studies Center) and all the kind colleagues in the IDE institute such as SATO Hiroshi, ISHIDA Masami, KOJIMA Michikazu, TERAU Tadayoshi, MATSUI Kazuhisa, IMAI Ken, YOSHIDA Eiichi, HORII Nobohiro AOKI Maki, KITANO Koichi, OKADA Masahiro (Research-Editorial Office), TAKAHASHI Mune, TAKAHASHI Matsushi, HAMADA Miki, HIGASHIKATA Takayuki, Michida MAKINO Kumiko, MOCHIZUKI Katsuya, TAKAHASHI Kazushi and others too numerous to mention.