DOCSLIB.ORG

Powering Today, for Tomorrow

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Powering Today, for Tomorrow Drax Group plc Group Drax Annual report and accounts 2017 accounts and report Annual POWERING TODAY, FOR TOMORROW Drax Group plc Annual report and accounts 2017 DRAX GROUP INVESTMENT CASE AND 2025 AMBITION CONTENTS – Critical to decarbonisation of the UK’s energy system – Underlying growth in the core business and attractive Strategic report investment opportunities IFC 2017 highlights – Increasing earnings visibility, reducing commodity exposure 1 Introduction 2 Our business model – Strong financial position and clear capital allocation plan 4 Market context 8 Our strategic objectives These objectives are underpinned by safety, sustainability and 12 Chairman’s statement expertise in our core markets, which support our ambition to 14 Chief Executive’s review deliver 2025 EBITDA in excess of £425 million – more than a third of 18 Performance review Pellet Production which is expected to come from our B2B Energy Supply and Pellet Power Generation Production businesses. B2B Energy Supply 30 Building a sustainable business 42 Stakeholder engagement 46 Group financial review 50 Viability statement 51 Principal risks and uncertainties Governance 2017 HIGHLIGHTS 58 Board of directors 62 Letter from the Chairman 64 Corporate governance report £3,685m £545m 71 Nomination Committee report TOTAL REVENUE GROSS PROFIT 76 Audit Committee report (2016: £2,950m) (2016: £376m) 81 Remuneration Committee report 108 Directors’ report 111 Directors’ responsibilities statement £229m £367m Financial statements EBITDA(1) NET DEBT 112 Independent auditor’s report to (2016: £140m) (2016: £93m) the members of Drax Group plc 119 Financial statements 121 Financial statements contents 122 Consolidated financial statements 12.3p 0.27 Consolidated income statement DIVIDEND PER SHARE TOTAL RECORDABLE INJURY RATE Consolidated statement of (2016: 2.7p) (2016: 0.22) comprehensive income Consolidated balance sheet Consolidated statement of changes 15% 376k in equity Consolidated cash flow statement PERCENTAGE OF TOTAL RETAIL METER POINTS 127 Financial performance UK RENEWABLE ELECTRICITY (2016: 41k) 138 Operating assets and working capital GENERATED(2) 144 Financing and capital structure (2016: 16%) 148 Other assets and liabilities 153 Our people 161 Risk management 822k 169 Reference information WOOD PELLETS PRODUCED 172 Company financial statements (2016: 607k) Company balance sheet Company statement of changes in equity 174 Notes to the Company financial statements Shareholder information 181 Company information 182 Glossary (1) EBITDA is defined as earnings before interest, tax, depreciation, amortisation and material one-off items that do not reflect the underlying trading performance of the business (2) Drax estimates that it produced around 15% of the UK’s renewable electricity between Q4 2016 and Q3 2017 This is based upon the latest BEIS Energy Trends 6.1 data Drax Group plc Annual report and accounts 2017 1 Strategic report Strategic “THE UK IS UNDERGOING Governance AN UNPRECEDENTED ENERGY REVOLUTION WITH statements Financial ELECTRICITY AT ITS HEART” WILL GARDINER CHIEF EXECUTIVE, DRAX GROUP PLC Shareholder information Shareholder Drax Group plc plays a vital role in helping change the way energy is generated, supplied and used. The Group operates an integrated value chain across three principal areas of activity: sustainable wood pellet production, flexible reliable electricity generation and energy sales and services to business customers. Inside this report Our business model describes our activities and how we generate value from the resources we use Page 2 Our strategic objectives are ambitious, low-carbon and focused on profitable growth Page 8 Our new Group CEO, Will Gardiner, reviews the year and progress against our strategy Page 14 Sustainability is at the heart of our business and this year we have published a comprehensive overview of our sustainability progress on our website, which is summarised in this report Page 30 2 Drax Group plc Annual report and accounts 2017 OUR BUSINESS MODEL THROUGH OUR INTEGRATED VALUE CHAIN AND FLEXIBLE LOWER-CARBON ENERGY PROPOSITION, WE ARE SUPPORTING THE UK’S ELECTRICITY REVOLUTION. OUR CORE ACTIVITIES Our activities are underpinned by safety, sustainability, operational excellence and expertise in our markets. PELLET PRODUCTION AMBITION FOR 2025 A LEADING PRODUCER OF Revenues Our assets: EBITDA – WOOD PELLETS FROM £136m 2 x 525k tonne pellet plants (operational) SUSTAINABLE LOW-VALUE – 1 x 450k tonne pellet plant (commissioning) >£75m – 2.1m tonne throughput export facility COMMERCIAL FORESTRY – Targeting 30% self-supply RESIDUES. 822,000t Our focus: capability pellets produced – Operational excellence – good quality, Manufacture and supply of good Page 10 quality wood pellets to our Power low-cost pellets Generation business for use in the Employees – Continuous improvement and leverage benefits of asset portfolio generation of low-carbon electricity. Current sites 258 – Increase in wood pellet production capacity POWER GENERATION AMBITION FOR 2025 GENERATES 6% OF THE UK’S Revenues Our assets: EBITDA – ELECTRICITY AND 15% OF ITS £2.7bn 3 x 645MW biomass generation and system TOTAL RENEWABLE ELECTRICITY. support, with plans to convert another coal >£300m Generation unit to biomass Produces reliable, flexible low-carbon – 3 x 645MW coal generation and system – Includes the development electricity from sustainably sourced 20.0TWh support of four OCGTs if successful wood pellets and provides system in capacity market support services to the electricity grid Developing options: auctions from biomass and coal generation. 65% – 4 x 299MW Open Cycle Gas Turbines (OCGT) Renewables – 3.6GW coal-to gas repowering and Page 11 200MW battery Employees 804 Our focus: – Optimise returns Drax Power Station – Expand to support low-carbon future Options for Open Cycle and system support Gas Turbine projects – Options for long-term efficiencies B2B ENERGY SUPPLY AMBITION FOR 2025 A LEADING SUPPLIER OF LOW- Revenues Our assets: EBITDA – CARBON ENERGY SOLUTIONS £2.0bn Opus Energy TO INDUSTRIAL AND BUSINESS – Haven Power >£80m CUSTOMERS. Customer meters Our focus: – Growth in market share Supplier of power, gas and value-adding >375 k – Profitable B2B energy supply business whilst maintaining margins services to industrial, corporate and – Innovative customer propositions Page 11 small businesses. Our assets represent Power sales – To be customer-centric – Make sustainability simple 10% of the B2B power market. 20.1TWh Employees 1,311 Current sites Drax Group plc Annual report and accounts 2017 3 Strategic report Strategic Governance Financial statements Financial GENERATING VALUE FROM OUR RESOURCES Careful use of our resources allows us to create sustainable long-term value for stakeholders whilst helping deliver our strategy. PELLET PRODUCTION AMBITION FOR 2025 USING VALUE CREATED MORE INFO FINANCIAL – Profit growth, earnings A LEADING PRODUCER OF Revenues Our assets: EBITDA Page 46 – Broader base of core assets visibility and reduced – 2 x 525k tonne pellet plants (operational) information Shareholder WOOD PELLETS FROM m – Efficient debt, foreign exchange and trading commodity exposure £136 – 1 x 450k tonne pellet plant (commissioning) >£75m SUSTAINABLE LOW-VALUE facilities to support strategy – Attractively priced – 2.1m tonne throughput export facility COMMERCIAL FORESTRY – Targeting 30% self-supply – Revised dividend policy financing and stable RESIDUES. 822,000t Our focus: capability credit rating pellets produced – Acquisition of value- Manufacture and supply of good – Operational excellence – good quality, Page 10 enhancing assets and quality wood pellets to our Power low-cost pellets long-term growth Generation business for use in the Employees – Continuous improvement and leverage benefits of asset portfolio – Sustainable and generation of low-carbon electricity. Current sites 258 – Increase in wood pellet production capacity growing dividend MANUFACTURING – 13.0TWh biomass-fired Page 18–25 – Investment in high-quality generation capabilities electricity POWER GENERATION AMBITION FOR 2025 – Good quality pellets at lowest cost – 822,000 wood pellets – Output and efficiency are key targets produced GENERATES 6% OF THE UK’S Revenues Our assets: EBITDA ELECTRICITY AND 15% OF ITS – 3 x 645MW biomass generation and system INTELLECTUAL – Biomass generation Page 22 £2.7bn – TOTAL RENEWABLE ELECTRICITY. support, with plans to convert another coal >£300m Experts and world leaders in sustainable represents 65% of biomass generation and logistics total generation Generation unit to biomass Produces reliable, flexible low-carbon – 3 x 645MW coal generation and system – Includes the development – “Intelligent sustainability” for our customers electricity from sustainably sourced 20.0TWh support of four OCGTs if successful – Innovation is key to business development wood pellets and provides system in capacity market support services to the electricity grid Developing options: auctions HUMAN – TRIR 0.27 Page 40 from biomass and coal generation. 65% – 4 x 299MW Open Cycle Gas Turbines (OCGT) – Excellent health and safety – 18,500 jobs supported Renewables – 3.6GW coal-to gas repowering and Page 11 – Our people provide a wide range of knowledge across the UK 200MW battery and skills Employees – Our values (Honest, Energised, Achieving, 804 Our focus: Together) guide the way we work – Optimise returns – Expand to support low-carbon future NATURAL – Biomass power is at Page 30 and system support – Only source biomass fibre from working forests,
Load more

Recommended publications
  • Monthly Fact Sheet – March 2018
    Monthly Fact Sheet – March 2018 Key Facts Summary Investment Objective The objective of the fund is to achieve a total return (of growth and Launch Date 29.08.17 income, after fees) greater than the Numis Smaller Companies Index (including AIM but excluding Investment Companies). Fund Size £28.5m Accumulation Income Fund Attributes Price at 29.03.18 (12 noon) 110.0711p 109.2796p ❖ A value investment style ❖ Small unit size of investment confers a significant advantage in Sedol BF6X212 BF6X223 an illiquid asset class ISIN GB00BF6X2124 GB00BF6X2231 ❖ Broad and diverse investment universe ❖ Invest in less than 1 in 14 companies of the available universe Annual Management Fee 0.75% Ongoing Charges 1.00% ❖ Active Share 93% ❖ Bottom up driven with an asset allocation overview Minimum Investment £1,000 Month End Price History - Fund Accumulation Shares (p) Dilution Levy: Purchases: 1.41% (effective 1 April 2018) Redemptions: 1.11% 29.8.17 Sept Oct Nov Dec Jan Feb Mar (Launch) 17 17 17 17 18 18 18 Dilution levy is updated monthly. For more information visit www.teviotpartners.com 100.0 103.8 105.3 107.8 113.5 116.5 114.0 110.1 Monthly Manager Commentary March witnessed another weak month for Markets, with the benchmark Numis Smaller Companies Index (including AIM and excluding ICs) falling 1.3%, to leave the index down 6.1% since the start of 2018, and marginally negative since the Fund launch. Interest rates in the US were raised as expected and the Market debated their future trajectory. Fears over an escalating trade war moved to centre stage as the Trump administration began to implement its election pledge.
    [Show full text]
  • 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.
    [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]
  • Drax Group Plc Notice of the Annual General Meeting (Agm) to Be Held at 11.30Am on Wednesday 21 April 2021 at 8-10, the Lakes, Northampton Nn4 7Yd
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take you are recommended to seek your own financial advice from your stockbroker, solicitor, accountant or other professional adviser authorised under the Financial Services and Markets Act 2000. If you have sold or transferred all of your holding of ordinary shares in Drax Group plc please forward this document and the accompanying documents (but not the personalised Form of Proxy or Form of Direction), as soon as possible, to the purchaser or the transferee or to the person through whom the sale or transfer was effected for transmission to the purchaser or the transferee. DRAX GROUP PLC NOTICE OF THE ANNUAL GENERAL MEETING (AGM) TO BE HELD AT 11.30AM ON WEDNESDAY 21 APRIL 2021 AT 8-10, THE LAKES, NORTHAMPTON NN4 7YD In light of Covid-19 restrictions and current prohibitions on public gatherings, attendance at the AGM shall be restricted and therefore shareholders are strongly encouraged to vote electronically or to vote by proxy. For shareholders, a Form of Proxy is enclosed with this document. Whether or not you propose to join the AGM remotely, you are requested to complete and submit a Form of Proxy to the Company’s Registrars, Equiniti Limited, Proxy Department, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA to arrive by no later than 11.30am on Monday 19 April 2021. If you hold shares in CREST you may appoint a proxy by completing and transmitting a CREST proxy instruction to Equiniti Limited (CREST participant ID RA19) so that it is received by no later than 11.30am on Monday 19 April 2021.
    [Show full text]
  • Industry Background
    Appendix 2.2: Industry background Contents Page Introduction ................................................................................................................ 1 Evolution of major market participants ....................................................................... 1 The Six Large Energy Firms ....................................................................................... 3 Gas producers other than Centrica .......................................................................... 35 Mid-tier independent generator company profiles .................................................... 35 The mid-tier energy suppliers ................................................................................... 40 Introduction 1. This appendix contains information about the following participants in the energy market in Great Britain (GB): (a) The Six Large Energy Firms – Centrica, EDF Energy, E.ON, RWE, Scottish Power (Iberdrola), and SSE. (b) The mid-tier electricity generators – Drax, ENGIE (formerly GDF Suez), Intergen and ESB International. (c) The mid-tier energy suppliers – Co-operative (Co-op) Energy, First Utility, Ovo Energy and Utility Warehouse. Evolution of major market participants 2. Below is a chart showing the development of retail supply businesses of the Six Large Energy Firms: A2.2-1 Figure 1: Development of the UK retail supply businesses of the Six Large Energy Firms Pre-liberalisation Liberalisation 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
    [Show full text]
  • A Reliable, Renewable Future, Today
    Drax Group plc Annual report and accounts 2015 A reliable, renewable future, today Drax Group plc Annual report and accounts 2015 Drax Group plc is leading the way in the generation of reliable, renewable energy. Responsible for some 8% of the UK’s electricity it has, with the very latest developments in renewable energy technology, successfully transformed itself into a predominantly biomass fuelled generator. Today it is one of the UK’s largest producers of renewable power and Europe’s single largest decarbonisation project. It stands ready to do more. Strategic report 2015 Highlights IFC 2015 Highlights 01 What’s the challenge? 02 What’s our solution? – Sustainable biomass – Latest advanced technology – Sustainably sourced biomass – Certified renewable power products – Bringing the UK closer for use of biomass 12 Chairman’s statement £ m £ m 14 Chief Executive’s Q&A 3,065 169 16 Our three businesses 18 Our business model Total revenue EBITDA 20 Our marketplace (2014: £2,805 million) (2014: £229 million) 22 Chief Executive’s review 26 Sustainability biomass review 32 Performance review 38 Sustainability review 42 Stakeholder engagement 46 Group financial review 50 Viability statement £409m 11p 52 Principle risks and uncertainties Governance Gross profit Underlying basic earnings per share 56 Corporate governance (2014: £450 million) (2014: 24p) 66 The Executive Committee 68 Nominations Committee report 70 Audit Committee report 75 Remuneration Committee report 95 Directors’ report 98 Directors’ responsibilities statement £187m 0.31 Financials
    [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]
  • This Circular and Any Accompanying Documents Are Important and Require Your Immediate Attention
    THIS CIRCULAR AND ANY ACCOMPANYING DOCUMENTS ARE IMPORTANT AND REQUIRE YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek your own independent financial advice from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser 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. If you have sold or transferred all of your holding of Ordinary Shares in Drax Group plc, please forward this Circular and the accompanying documents (but not the personalised Form of Proxy or Form of Direction), as soon as possible, to the purchaser or the transferee or to the person through whom the sale or transfer was effected for transmission to the purchaser or the transferee. Any person (including, without limitation, custodians, nominees and trustees) who may have a contractual or legal obligation or may otherwise intend to forward this Circular to any jurisdiction outside the United Kingdom should seek appropriate advice before taking any action. The distribution of this Circular and any accompanying documents into jurisdictions other than the United Kingdom may be restricted by law. Any person not in the United Kingdom into whose possession this Circular and any accompanying documents come should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. You should read the whole of this Circular and all documents incorporated into it by reference in their entirety.
    [Show full text]
  • U.K.-Louisiana Links
    LOUISIANA Custom-Fit Opportunity U.K.-LOUISIANA LINKS 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 29 projects since 2003 accounting for over $1.4 billion in capital expenditure and over 2,200 jobs. CONTACT INFORMATION Sanchia Kirkpatrick In June 2013, Hunting Energy Services completed a $19.6 million investment in its new Louisiana Chief Representative, United Kingdom facility. [email protected] T +44.0.7793222939 In December 2012, Drax Biomass announced plans to build a wood pellet facility and a storage- and-shipping facility in Louisiana, creating 63 direct jobs, 143 new indirect jobs and $120 million in James J. Coleman, Jr., OBE capital expenditure. Great Britain www.gov.uk/government/work/usa BP’s $98.3 million dollar facility in Louisiana converts energy grasses into cellulosic biofuels. The T 504.524.4180 facility employs more than 75 advanced process/manufacturing professionals and engineers. Judge James F. McKay III Louisiana companies have also established a presence in the UK. including fourteen direct Honorary Consul, Ireland investments in the U.K. since 2003 that have resulted in capital expenditures totaling $253 million [email protected] and the creation of 422 jobs. T 504.412.6050 TRADE Exports The U.K. stands as one of Louisiana’s top export markets, with over $1.99 billion in Louisiana exports there in 2014. Top Louisiana exports to the U.K.
    [Show full text]
  • 20080319 Trading Notice Functional 0049
    Trading Notice – 0049 Date: 19 th March 2008 Priority: Notification Bulletin Subject: Chi-X expands the UK guaranteed stock universe to include further FTSE 250 constituents Sent from: Trading Operations Message: Chi-X Europe Ltd (Chi-X) is pleased to announce, following consultation with European Multilateral Clearing Facility N.V. (EMCF), there will be an expansion in the UK market to cover further constituents of the FTSE 250 index. A total of 69 of the most liquid FTSE 250 constituents will be available to trade on Chi-X from 31 st March 2008. The FTSE 250 stocks that are currently available to trade are highlighted in yellow. Chi-X Name Chi-X RIC Chi-X RIC Bloomberg Bloomberg ISIN Code Aggreko Plc AGK.L AGGK.L AGKl.INS AGK LN AGK IX GB0001478998 Amlin PLC AML.L AML.L AMLl.INS AML LN AML IX GB00B2988H17 Aquarius Platinum AQP.L AQP.L AQPl.INS AQP LN AQP IX BMG0440M1284 Ltd ARM Holdings Plc ARM.L ARM.L ARMl.INS ARM LN ARM IX GB0000595859 Arriva Plc ARI.L ARI.L ARIl.INS ARI LN ARI IX GB0002303468 Autonomy Corp AU.L AUTN.L AUTNl.INS AU/ LN AU IX GB0055007982 PLC Babcock International BAB.L BAB.L BABl.INS BAB LN BAB IX GB0009697037 Group Balfour Beatty PLC BALF.L BALF.L BBYl.INS BBY LN BBY IX GB0000961622 Barratt BDEV.L BDEV.L BDEVl.INS BDEV LN BDEV IX GB0000811801 Development Plc Bellway PLC BWY.L BWY.L BWYl.INS BWY.L BWY IX GB0000904986 1 Biffa PLC BIFF.L BIFF.L BIFFl.INS BIFF LN BIFF IX GB00B129PL77 Bradford & Bingley BB.L BB.L BBl.INS BB/ LN BB IX GB0002228152 PLC Bunzl PLC BNZL.L BNZL.L BNZLl.INS BNZL LN BNZL IX GB00B0744B38 Burberry
    [Show full text]
  • Investment Base Market Value ADIDAS AG 3,012,920.22 AGGREKO
    Investment Base Market Value ADIDAS AG 3,012,920.22 AGGREKO ORD GBP0.13708387 388,022.18 AIA GROUP LTD 2,796,579.12 AMGEN INC 3,339,030.73 AMLIN ORD GBP0.28125 1,074,564.21 APACHE CORP 2,940,009.21 ARM HOLDINGS ORD GBP0.0005 3,917,411.78 ASHTEAD GROUP PLC 2,130,421.50 ASSOCIATED BRITISH FOODS PLC 1,484,100.00 ASTELLAS PHARMA INC Y50 2,466,904.22 ASTRAZENECA ORD USD0.25 2,776,538.30 ATKINS (WS) ORD 0.5P 2,846,883.20 AUGEAN ORD GBP0.10 545,471.62 AVIVA PLC GBP0.25 2,549,511.56 BABCOCK INTL GROUP ORD GBP0.60 4,789,655.60 BALL CORP 3,327,899.89 BANK RAKYAT INDONESIA PERSERO 1,999,951.64 BARCLAYS ORD GBP0.25 8,955,537.08 BARCLAYS PLC NIL PD 678,960.36 BAYER AG ORD NPV 2,106,468.13 BEIJING ENTERPRISE HLDGS H SHS 2,939,136.19 BG GROUP PLC ORD GBP0.10 14,159,787.60 BHP BILLITON PLC USD0.50 2,853,776.58 BOEING CO/THE 3,320,474.92 BORGWARNER INC 3,653,158.69 BOWLEVEN PLC 235,822.53 BP PLC ORD USD.25 4,033,332.43 BRISTOL-MYERS SQUIBB CO 3,479,041.09 BRITISH AMERICAN TOBACCO ORD 7,961,924.88 BRITISH LAND ORD GBP0.25 644,410.91 BRITVIC ORD GBP0.2(WI) 1,894,189.44 BT GROUP ORD GBP0.05 4,255,329.83 BUNZL ORD GBP0.3214857 4,106,287.99 C&C GROUP ORD EUR0.01 777,864.66 CABLE & WIRELESS COMMUNICATION 254,269.27 CALPINE CORP 3,668,147.39 CANADIAN PACIFIC RAILWAY LTD 2,862,420.30 CAPITAL & COUNTIES PROPERTIES 3,921,394.34 CAPITAL ONE FINANCIAL CORP 3,430,983.46 CARPHONE WAREHOUSE GROUP PLC 1,869,542.44 CENTRICA ORD GBP0.061728395 4,266,854.59 CHECK POINT SOFTWARE TECHNOLOG 3,412,091.59 CHINA CONSTRUCTION BANK CORP 1,471,739.50 CITIGROUP INC 3,227,433.31 COCA-COLA
    [Show full text]
  • Modern Slavery Statement 2020 Drax Group Plc 2 Modern Slavery Statement 2020 Modern Slavery Statement 2020 3
    Modern Slavery Statement 2020 Drax Group plc 2 Modern Slavery Statement 2020 Modern Slavery Statement 2020 3 Introduction We believe in doing the right thing In this, our fifth Modern Slavery Statement, we outline the progress we’ve made in 2020 and our planned improvements for 2021. We’re making this Statement for the financial year ending December 2020 and according to the requirements of section 54, part 6, of the Modern Slavery Act 2015. Due to the Government's ongoing review of slavery reporting rules, we may need to extend our reporting period to 31 March 2021. This Statement applies to all companies within the Drax Group (“Drax”) that are required to publish a Statement, as listed in the ‘statement approval’ section. For further information on Drax and our earlier Modern Slavery Statements, please see our websites: Drax Biomass Drax Energy Drax Group Haven Power Opus Energy Visit Cruachan 4 Modern Slavery Statement 2020 Modern Slavery Statement 2020 5 Organisational structure Drax operates an integrated value chain across three core areas of Our integrated flexible and renewable value chain. activity in the US and the UK: • Biomass production • Power generation and system support services Pellet production • Business to Business (B2B) energy supply and management solutions Our pellets provide a sustainable, low-carbon fuel Based in North America this business aims to Safety, sustainability and operational excellence underpin all our activities. source that can be safely and efficiently delivered increase capacity from 1.5Mt to 5Mt and reduce through our global supply chian and used by production costs by 2027 to support a long-term Drax's Generation business to make flexible, future for sustainable biomass.
    [Show full text]