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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. -
R Egeneration C Onstruction
Regeneration Annual Report 2016 Construction About us Morgan Sindall Group is a leading UK construction and regeneration group. We offer support at every stage of a project’s life cycle through our six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments. Construction Regeneration Our services include design, We work in close new build construction, partnership with land infrastructure works, owners, local authorities refurbishment and property and housing associations maintenance in the commercial to regenerate cities with and public sectors. Our multi-phased, mixed-use construction teams work developments. New housing, on projects of all sizes community buildings, shops, and complexity, either leisure facilities and public standalone or through spaces help stimulate local framework agreements economies and provide and strategic alliances. long-term social benefits. FRONT COVER: The Word, a new state-of-the-art Revenue Revenue cultural centre in South Shields containing a library, exhibition space, gaming area, ‘FabLab’ with 3D printers, IT suite, café £ 2.0bn £ 0.6bn and rooftop space. Delivered by Urban Regeneration in partnership 2015: £1.9bn 2015: £0.5bn with South Tyneside Council. Find out more about the Our activities touch the lives of a wide range of stakeholders. We have therefore Group from our website decided to embark on a new approach to our annual report, integrating financial at morgansindall.com. and non-financial reporting within our operating -
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 -
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. -
Tussell Clients Receive Bespoke Research on Companies of Interest - Sign up for a Free Trial to find out More
Strategic Suppliers 2018 in Review Want to receive more market updates on the most important suppliers to government? Tussell clients receive bespoke research on companies of interest - sign up for a free trial to find out more: Data as at: 05 February 2019 Strategic Suppliers are defined by the Cabinet O!ce as: "Those suppliers with contracts across a number of Departments whose revenue from Government according to Government data exceeds £100m per annum and/or who are deemed significant suppliers to Government in their sector." For more information, see this information from the Crown Commerical Service and the Cabinet O!ce: https://www.gov.uk/government/publications/strategic-suppliers This analysis includes any subsidiaries, a!lliates and joint ventures of the companies mentioned. A list of these entitites is available on request. This data is derived from public sector information (a) licensed for use by the UK Government under the Open Government Licence v3.0 and/or (b) from the EU Tenders Electronic Daily website licenced for re-use by the European Commission. This information remains the copyright of the UK Government and European Commission respectively. Strategic Suppliers - Overview The Cabinet O!ce designates 30 companies as 'Strategic Suppliers' to Government. These firms are deemed so important to the delivery of essential public services that the Government's relationship with them is managed centrally by 'Crown Representatives'. 2018 was a turbulent year for some Strategic Suppliers. Starting with the collapse of Carillion in the beginning of the year and continuing with mounting stock market pressure on several others. This culminated with the re-capitalisation of Interserve on February 5th 2019. -
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 2015 Report Annual Plc Lakehouse
Lakehouse plc Annual Report 2015 Annual Report 2015 The Lakehouse Way Who Lakehouse is an asset and energy support we are services group, focused on customers and their communities. We make a difference to people’s lives by constructing, improving, maintaining and providing services to homes, schools, public and commercial buildings. Lakehouse was founded in 1988 and we have grown consistently since, achieving revenue of £340.2m in 2014/15. With our headquarters in Romford, Essex, we employ more than 2,400 people through 35 offices across the UK. Lakehouse listed on the Main Market of the London Stock Exchange in March 2015. Strategic Report Governance Overview 43 Executive Chairman’s introduction IFC Who we are to Corporate Governance Why invest in Lakehouse? 44 Board of Directors About Lakehouse 46 Corporate Governance Report 01 Our manifesto 56 Directors’ Remuneration Report 01 Financial highlights 69 Directors’ Report 02 The Lakehouse Way 71 Directors’ responsibilities Strategic review Financial statements E 12 xecutive Chairman’s Statement 72 Independent Auditor’s Report to I 14 nterview with Sean Birrane, CEO the members of Lakehouse plc 17 Company snapshot 77 Consolidated statement of M 18 arket overview comprehensive income B 20 usiness model 78 Consolidated statement of O 22 ur strategy financial position K 24 ey performance indicators 79 Consolidated statement of changes C 26 hief Executive Officers’ in equity Divisional review 80 Consolidated statement of cash flows 30 Principal risks and uncertainties 81 Notes to the consolidated -
Building Excellence
Barratt Developments PLC Building excellence Annual Report and Accounts 2017 Annual Report and Accounts 2017 Inside this report 1 45 113 175 Strategic Report Governance Financial Statements Other Information 1 Key highlights 46 The Board 114 Independent Auditor’s Report 175 KPI definitions and why we measure 2 A snapshot of our business 48 Corporate governance report 119 Consolidated Income Statement 176 Glossary 4 Our performance and financial highlights 60 Nomination Committee report 119 Statement of Comprehensive Income 177 Other Information 6 How we create and preserve value 65 Audit Committee report 120 Statement of Changes in 8 Chairman’s statement 74 Safety, Health and Environment Shareholders’ Equity – Group 10 Key aspects of our market Committee report 121 Statement of Changes in 76 Remuneration report Shareholders’ Equity – Company 12 Chief Executive’s statement Notice regarding limitations on Directors’ liability under 106 Other statutory disclosures 122 Balance Sheets English law 17 Our Strategic priorities Under the Companies Act 2006, a safe harbour limits the 112 Statement of Directors’ 123 Cash Flow Statements liability of Directors in respect of statements in, and omissions from, the Strategic Report contained on pages 1 to 44 and the Our principles Responsibilities 124 Notes to the Financial Statements Directors’ Report contained on pages 45 to 112. Under English Law the Directors would be liable to the Company (but not to 34 Keeping people safe any third party) if the Strategic Report and/or the Directors’ Report contains errors as a result of recklessness or knowing 35 Being a trusted partner misstatement or dishonest concealment of a material fact, 36 Building strong but would not otherwise be liable. -
What Makes an Outstanding Finance Director?
what makes an outstanding finance director? “ Right now as an FD, you can have a major impact – and if you don’t seize the moment they’ll find somebody else who will.” Steve Marshall, Chair, Balfour Beatty Plc In association with Directorbank Group Directorbank Group Comprising two market-leading brands, Hanson Green and Directorbank, the Directorbank Group offers a complete range of board level recruitment solutions to the full spectrum of companies from private equity backed businesses and family firms to FTSE and AIM listed organisations. Finance Director appointments are delivered by search consultants with many years experience in this specialist market. Directorbank is a leading provider of executive, Hanson Green is a specialist board practice Grant Thornton UK LLP is a leading financial and business adviser, operating non-executive and interim directors with a search firm with a market leading position in out of 28 offices. Led by 215 partners and employing nearly 4,000 of the market-leading position in the private equity the appointment of chairman and non-executive profession’s brightest minds, we provide personalised assurance, tax and sector. directors and a respected executive search specialist advisory services to over 40,000 individuals, privately-held practice. businesses and public interest entities. More than 70 leading private equity houses from across Europe retain Directorbank’s Hanson Green’s proven track record of solving Our offer to the market is great depth of expertise, delivered in a distinctive services to gain access to their exceptional clients’ recruitment challenges, combined with and personal way. Through proactive, client-centric relationships, our teams network of top level board directors for their the unrivalled quality of their service, has made deliver solutions to problems, not pre-packaged products and services. -
Kier Group Annual Report and Accounts for the Year
KIER G Kier Group plc CONTENTS Tempsford Hall, Sandy Bedfordshire SG19 2BD ro 01 Group highlights 40 Financial statements 83 Company balance sheet UP 02 Chairman’s statement 41 Directors’ report 84 Notes to the Company financial Tel: 01767 640111 P 04 42 Chief executive’s review Corporate governance statement statements L Fax: 01767 640002 C 27 Corporate responsibility 45 Directors’ remuneration report 86 Principal operating subsidiaries 34 Financial review 50 Statement of directors’ responsibilities and business units www.kier.co.uk A NN 37 Business risks 51 Independent auditors’ report to the 87 Principal joint arrangements and U 38 Board members members of Kier Group plc joint ventures AL 52 88 Consolidated income statement Financial record RE 53 Consolidated statement of ibc Corporate information P ort recognised income and expense 54 Consolidated balance sheet AN 55 Consolidated cash flow statement D 56 Notes to the consolidated financial acco statements U NTS 2008 For the latest information on Kier Group plc, visit our website: www.kier.co.uk Homepage Investor relations www.kier.co.uk www.kier.co.uk/ir Corporate responsibility Total solutions www.kier.co.uk/responsibility www.kier.co.uk/total_solutions Annual Report UNITED KINGDOM SUPREME COURT, PARLIAMENT SQUARE, LONDON AND accounts INTEGRATED EXCELLENCE Good progress has been made by Kier Group on the renovation of the Middlesex Guildhall in 2008 INDIVIDUAL FLAIR Parliament Square, London, to deliver the new United Kingdom Supreme Court for the Ministry of Justice in 2009. The project is spearheaded by Kier KIER GROUP PLC Property, Kier’s development arm, and its historic building refurbishment specialist, Wallis, is acting as main contractor. -
Yorbuild2 East Area Framework – List of Unsuccessful Candidates at ITT Lot 1 0-£250K
YORbuild2 East Area Framework – list of unsuccessful candidates at ITT Lot 1 0-£250k Applicant T H Michaels (Construction) Ltd Evora Construction Limited Britcon Limited George Hurst & Sons Ltd FMe Property Solutions Ltd The Soper Group Ltd Transcore Limited J C Services & Son Ltd Strategic Team Maintenance Co Ltd Stubbs Brothers Building Services Limited Unico Construction Limited Woodhouse-Barry (Construction) Ltd Lot 2 over £250k-£1m Applicant S Voase Builders Limited F Parkinson Ltd Britcon Limited RN Wooler & Co Ltd Illingworth & Gregory Ltd George Hurst & Sons Ltd T H Michaels (Construction) Ltd Transcore Limited PBS Construction Elliott Group Northern Construction Solutions Ltd Woodhouse-Barry (Construction) Ltd Lot 3 over £1m-£4m Applicant Wildgoose Construction ltd Esh Construction Limited Morgan Sindall George Hurst & Sons Ltd Britcon Limited Hall Construction Group Caddick Construction Limited Strategic Team Maintenance Co Ltd F Parkinson Ltd Gentoo Tolent GMI Construction Group PLC United Living Lot 4 over £4m-£10m Applicant Conlon Construction Limited Bowmer & Kirkland Ltd Keepmoat Regeneration Limited Henry Boot Construction Limited Morgan Sindall Hobson and Porter Ltd Robertson Construction Group Ltd Eric Wright Group VINCI Construction UK Limited G F Tomlinson Group Limited Sewell Group Britcon Limited Lot 5 over £10m Applicant Henry Boot Construction Limited Bowmer & Kirkland Ltd John Graham Construction Ltd Morgan Sindall McLaughlin & Harvey (formally Barr Construction Ltd) Eric Wright Group VINCI Construction UK Limited Robertson Construction Group Ltd Caddick Construction Limited J F Finnegan Limited Shepherd Construction Lot 6 New housing up to 10 units Applicant GEDA Construction Lindum Group Limited Woodhouse-Barry (Construction) Ltd Lot 7 New housing over 10 units Applicant Gentoo Tolent Herbert T Forrest Ltd Lindum Group Limited Termrim Construction Strategic Team Maintenance Co Ltd GEDA Construction . -
Cboe UK Consumer Cyclicals Sector Index BUKCONC
Cboe UK Consumer Cyclicals Sector Index BUKCONC Page 1 August 2021 Cboe Exchange This sector represents products targeted toward individual or household use, including apparel, toys, school and art supplies, and electronics; motor vehicle sales and rental, and automotive parts and services; building materials, garden supplies, furniture, appliances, cabinetry, window treatments, and carpets. Parent index is BUKAC. Base 10,000 - 31 Dec 2010. This is a price return index. Objective The index is designed for use in the creation of index tracking funds, derivatives and as a performance benchmark. Investability Liquidity Transparency Availability Stocks are selected and Stocks are screened to Uses a transparent, rules-based Calculation is based on weighted to ensure that the ensure that the index is construction process. Index price and total return index is investable. tradable. Rules are freely available on the methodologies, both real cboe.com/europe/indices -time, intra-second and website. end of day. Statistics Index ISIN Ticker RIC Currency Cboe UK Consumer Cyclicals Sector DE000SLA1DF4 BUKCONC .BUKCONC GBP Cboe UK Consumer Cyclicals Sector - net DE000SLA18C2 BUKCONCN .BUKCONCN GBP Volatility Volatility (1y) 0.2161 Returns(%) 1M 3M 6M YTD 1Y 3Y 5Y BUKCONC 2.25 -1.23 14.96 13.25 48.0 34.02 31.52 BUKCONCN 2.36 -0.23 17.15 15.45 51.64 43.54 49.08 Top 5 Performers Country 1 month return % MACFARLANE GROUP PLC UNITED KINGDOM 25.78 TED BAKER PLC UNITED KINGDOM 17.18 JD SPORTS FASHION PLC UNITED KINGDOM 12.69 FRASERS GROUP PLC UNITED KINGDOM 11.63 TAYLOR WIMPEY PLC UNITED KINGDOM 10.40 Historical Performance Chart 100% 50% 0% 2011 2013 2014 2016 2017 2018 2020 2021 Cboe UK Consumer Cyclicals Sector (GBP) Cboe UK All Companies (GBP) Cboe.com | ©Cboe | /CboeGlobalMarkets | /company/cboe © 2021 Cboe Exchange, Inc.