DOCSLIB.ORG

Payout Portfolio

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Payout Portfolio Payout Portfolio Bask in the glow of your investment Pick from 80% or 100% capital security Contents Summary Features Investment Rationale 1 SUMMARY FEATURES Potential High Return The current investment cycle began in March 2003 and is now Consumer Goods and Energy, are considered to be defensively 2 INVESTMENT RATIONALE With 100% capital security, investors will receive a maximum potential in its fifth year. By the middle of 2007, world stock markets positioned. By the end of December 2007, the prices of had risen by 115%, European markets by 143% and Ireland the stocks represented in the Payout Portfolio had fallen 3 THE STOCK PORTFOLIO payout of 24% (8.0% EAR) over the investment term if each stock in the Portfolio remains at or above 60% of its initial level. With 80% capital had increased by 167%. By the end of 2007, however, world on average by 16% from their high points reached earlier 5 INVESTMENT RETURNS security, investors will earn up to 52% over the investment term (15.0% EAR) stock markets had fallen by 6% from the high point of the year, in the year. 6 RISK AND RETURN OPTIONS if the same condition is satisfied. European markets had also declined by 6% and Ireland had 7 KEY FEATURES gone down by 30%. The Payout Portfolio is not only seeking to capitalise on this decline but to offer the potential for a high annual return 8 INVESTOR INFORMATION Three Year Term The Account has a short maturity of three years. In response to the credit crisis and the prospect of slower that is not dependent on a recovery in stock prices but on 9 TERMS AND CONDITIONS economic growth in the United States, investor sentiment has the closing price of each stock in the Portfolio remaining 10 APPLICATION FORM Blue Chip Stock Portfolio become more cautious. With the residential housing market at all times above 60% of its initial level at the start of the All of the stocks in the Payout Portfolio are large blue chip names with continuing to decline in the US, there is a risk that consumer investment term. And with an investment horizon of just three market capitalisations ranging from €10 billion to €180 billion. confidence will also fall, thereby exacerbating the credit market years, you have the flexibility to reassess your investment problems. While not immune to the liquidity squeeze and options within a relatively short period of time. Memory Feature events in the United States, business conditions in Europe If there is no payment in the first or second year but there is a payment in a remain reasonably robust and with lower consumer borrowing The Income and Growth Options afford you the opportunity subsequent year, the Account will pay the ‘missed’ payment in the subsequent as a proportion of total income, economic activity should be to mix your investment in whatever combination most closely year. more resilient. matches your appetite for risk and return. The more capital you Managing Your Risk are willing to put at risk (up to a maximum of 20%), the higher Against this background, the Payout Portfolio is comprised your potential return. You can divide your investment between the Income and Growth Options of sixteen of Europe’s leading companies spread across four and thereby tailor the risk and return profile to your own requirements. industry groups whose valuations, in the case of Banks and Healthcare, have fallen significantly in 2007 or, in the case of Pick from 80% or 100% capital security 1/2 The Stock Portfolio Banks Consumer Goods Energy Healthcare Allied Irish Banks Groupe Danone BP AstraZeneca AIB is one of the two major banks in Ireland offering personal The company is one of the largest dairy food, biscuit and The world’s third largest integrated oil company following Anglo-Swedish pharmaceutical company formed in and corporate banking services as well as stockbroking water producers in the world. Its fresh dairy products merger in 1998 of British Petroleum and Amoco of the 1999 through the merger of Swedish based Astra and Zeneca Group services through its subsidiary Goodbody Stockbrokers. Internationally, comprise yogurt, cheese and dairy desserts (Actimel, Activia). LU is the US and subsequent purchase of Atlantic Richfield Company. BP is the of the UK. Zeneca was previously part of ICI prior to a demerger AIB operates mainly in the UK (and as First Trust Bank in Northern principal biscuit brand and water brands include Badoit, Evian and Volvic. largest oil and gas producer in the US and operates about 28,500 in 1993. The company specialises in drugs for cancer, cardiovascular, Ireland), the US and Poland (as Bank Zachodni WBK). It also owns a It recently acquired Numico for €12.3 billion, thereby extending its petrol stations in over 100 countries worldwide. BP Alternative Energy gastrointestinal and respiratory disorders. Acquired MedImmune in 22.5% stake in M&T Bank in the US. product range to baby food and clinical nutrition. is investing significantly in solar, wind and hydrogen power generation. 2007 for q11.2 billion to strengthen its biological and vaccine businesses. Bank of Ireland Nestlé ENI GlaxoSmithKline The Group is the second major bank Based in Switzerland, Nestlé is the world’s largest One of Italy’s largest companies, ENI is Europe’s third This UK based company’s medicines treat six in Ireland providing a broad range of personal and corporate packaged food company with a vast array of products particularly largest refiner, sourcing most of its crude oil from the African major disease areas – asthma, viruses control, infections, mental health, financial services as well as life insurance (Bank of Ireland Life and in instant coffee (Nescafé), confectionery (Aero, Kit Kat, Munchies, continent. Its businesses include petrol distribution (Agip), power diabetes and digestive conditions. It spends q4 billion a year on New Ireland) and investment management (Bank of Ireland Asset Polo, Smarties, Yorkie), seasonings and sauces (Buitoni and Maggi), generation (Enipower), natural gas transmission (Italgas), engineering R&D for these and other new treatments. Its Consumer Healthcare Management). It also provides fund administration and custodial baby foods (Gerber), pet foods (Friskies, Winalot) and bottled water and construction (Snamprogetti) and oil field services (Saipem – 43% division has many leading healthcare products (Aquafresh, Nicorette), services and financial advisory services, including mergers and (Perrier, San Pellegrino, Vittel). It also owns 75% of Alcon (opthalmic owned). The Italian government owns 30% of the company. drinks (Lucozade, Ribena) and over the counter medicines (Gaviscon, acquisitions (IBI Corporate Finance). drugs and contact-lens solutions) and 28% of L’Oréal. Panadol). Royal Dutch Shell Royal Bank of Scotland L’Oréal Formed in 2005 through the merger of Royal Dutch Novartis Based in Edinburgh, the Group is the second largest Headquartered in Paris, L’Oréal is the world’s largest Petroleum of the Netherlands and The Shell Transport Created in 1996 through the merger of Ciba- banking and insurance holding company in the UK and Europe. The beauty products company concentrating on hair care (Redken), skin and Trading Company of the UK, the company has five core business Geigy and Sandoz, this Swiss based company offers a wide-range RBS Group operates a wide variety of banking brands including Ulster care (Lancôme), sun protection (Garnier, Vichy), make-up (Maybelline, segments - exploration and production, gas and power, refining and of healthcare products through four divisions: pharmaceuticals Bank and First Active in Ireland; Coutts, National Westminster Bank Shu Umera) and perfumes (Cacherel, Helena Rubinstein, Ralph marketing (47 refineries and 45,000 petrol stations), petrochemicals (gastrointestinal, hypertension and bone treatments), vaccines and and RBS in the UK; Citizens Financial and Charter One in the US. Lauren). It also owns The Body Shop retailer, is active in the field of (Shell Chemicals) and trading/shipping – across more than 140 diagnostics (viral and bacterial diseases, blood testing), generic drugs Insurance companies include Direct Line and Churchill Insurance. dermatology and is the top nanotechnology patent-holder in the US. countries worldwide. (Sandoz) and consumer health (Ciba Vision, Lamisil, Maalox). UBS Tesco Total Sanofi Aventis Previously known as Union Bank of Switzerland One of the world’s leading food retailers, Tesco has Headquartered in Paris, Total became Total Fina in 1999 Formed in 2004 through the merger of two French prior to its merger in 1998 with Swiss Bank Corporation, UBS is expanded from its core UK base where it has over 2,000 stores and after the acquisition of Petrofina of Belgium and drugmakers, Sanofi-Synthélabo and Aventis, the company operates in Switzerland’s leading retail and corporate bank and has a global now operates over 1,500 stores in 11 countries throughout Europe TotalFinaElf in 2000 after merging with Elf Aquitaine of France. seven major therapeutic areas: cardiovascular, thrombosis (anti-blood presence in private banking, investment banking and securities trading and Asia where it is market leader in Ireland, Hungary, Poland, South Reverting to ‘Total’ in 2003, it operates in more than 130 countries clot agents), metabolic disorders (diabetes and obesity), oncology, (through UBS Investment Bank). It is also one of the world’s largest Korea and Thailand. It is developing a strong presence in non-food - mostly in Europe and Africa – with 27 refineries and more than central nervous system (Alzheimer’s and
Load more

Recommended publications
  • Ethical Shopping Guide to Cat and Dog Food
    THANK YOU FOR DOWNLOADING THIS ETHICAL CONSUMER RESEARCH REPORT. It contains a buyers’ guide complete with: • a detailed article • rankings table • Best Buy advice • all the stories behind the marks on the table • company ownership and contact details • full list of references £4.25 EC121 November/December 2009 www.ethicalconsumer.org Subscribe to Ethical Consumer and get instant access to over 80 similar reports (worth over £240) as part of your subscription. Subscribers also get: Revealing the dark heart Ethical Consumer magazine of the chocolate industry – play fair, not dirty Toys & games consoles – cutting the environmental costs - keeping you up to date with all the latest ethical news and analysis Razors & shavers Rating • Unique buyers’ guides with detailed ratings tables, Best Buys advice, (out of 20) Brand 17 company profiles, news, boycotts, comment and more Equal Exchange tea 17 [F,O] 17 Online back issues archive HampsteadCo tea Tea [F,O] & Coffee • 17 Purely Organic tea [F,O] Steenbergs English • Available in print through the post or as a digital download breakfast tea [F,O] Unlimited, 24 hour access to our premium website ethiscore.org been a contributor to carbon emissions which had a damaging effect on the environment. (ref: 3) or dolphin No palm oil policy Sustainable(July 2009) forestry policy (2008) contacted, 123 had a dmitted to selling whale and/ A search was madeWal-Mart of the Walmart did not website respond (www.walmartstores. to a request by ECRA in Ocober 2008 meat. It said Sea Shepherd had been urging its members and the com) on 8th July 2009.for the No company’s policy on popalmlicy oil on could the sustainable be found.
    [Show full text]
  • Groceries Order Form October 2019
    oakhousefoods.co.uk Groceries order form October 2019 Please fill in your details below and note down what you 1 would like to order on the form. Either give us the completed form on our next delivery, post it to your 2 local branch, or if you prefer, telephone us with your requirements. Please let us have your order no later than 12 noon on the day 3 before your regular delivery (or on a Friday for a Monday delivery). Please complete your details below. Name: ....................................................................................................................................................................................................................... Address: .................................................................................................................................................................................................................. ......................................................................................................................................................................................................................................... .......................................................................................................................Postcode: ....................................................................................... Telephone: ..........................................................................................................................................................................................................
    [Show full text]
  • Boycott News
    BOYCOTT NEWS Tap into the talent FTSE4Good to support the 2002 Tap excludes Water Awards. Emma Thompson and Steve Nestlé Coogan recorded special video interviews while in The FTSE4Good ethical Edinburgh which are available indices were launched this on our website. Steve Coogan summer, with Nestlé and had been asked to present the other violators of the Perrier Awards, but when International Code and asked for his comment during Resolutions being excluded what was described as a from the relevant lists (Nestlé ‘shambolic’ live Channel 4 TV is in the ‘starting universe’ of Most national and local papers carried prominent headlines reporting the boycott broadcast, he urged people to international lists and has been excluded from these). The Perrier Comedy Awards, Steve Coogan, Zoe “Boycott Nestlé.” Ssection 8 of the selection the UK’s most sought after Wannamaker and Julie Nestlé bought Perrier in criteria for social issues and award for up and coming Christie. Mark Thomas wrote a 1992, and has since become stakeholder relations states comedians, unexpectedly feature article in the New the world’s leading producer "Companies must not have caught public attention for a Statesman. of bottled water. A major part breached the infant formula very different reason at this As a corporate-free of its strategy is promotion of manufacturing section of the year’s Edinburgh Fringe alternative to the Perrier, the the bottled water brand, Pure International Code on Festival. Edinburgh-based, Out of the Life, in the developing world. Marketing of Breastmilk Comedian Rob Newman Blue Trust set up the Tap Concerns about the Substitutes according to the started what became a media Water Awards at the Bongo undermining of natural water International Baby Food circus surrounding a boycott of Club, which attracted over supplies by bottled water Action Network [IBFAN]." the awards when people 100 entrants who were companies have been raised FTSE4Good is an index realised that Perrier was a boycotting the Perrier.
    [Show full text]
  • Transformational Challenge Nestlé 1990–2005
    I wanted to stimulate your creative thinking and give Our goal is to earn consumers’ trust as their preferred you a more in-depth feeling of some of the resources Food, Beverage, Nutrition, Health and Wellness Company available in the Group, which are not always suffi ciently both for their own needs and those of their family mem- exploited. We have therefore again organised, not only bers, including their pets. We understand consumers’ the very much appreciated Product Exhibition, but also Nestlé 1990–2005 Challenge Transformational nutritional and emo- a visit to IMD, where we will be exposed to the latest tional needs/prefer- thinking on relevant business issues seen from the aca- TTransformational ransformational ences and provide demic point of view. A visit to our Research Centre at CChallenge hallenge them with innova- Lausanne, which, by the way, celebrates its 10th anni- tive branded prod- versary, will give you the opportunity to get a better idea NNestléestlé 11990–2005990–2005 ucts and services of how those 650 people can help you to achieve a AAlbertlbert PPfifi fffnerfner based on superior higher degree of competitiveness in the market place. HHans-Jörgans-Jörg RRenkenk science and technol- But before starting on the specifi c issues, let me make ogy. By serving our a preliminary remark: it is only fair that I should explain consumers and im- to you how most of our subjects for discussion fi t into proving their quality a broader framework, namely the development strategy of life, everywhere in of our Group. Over the past years, I have had more than the world, we ensure once the opportunity to refl ect on the shape of things profi table, sustain- to come, to use H.G.
    [Show full text]
  • Nestle 55 Vevey, Switzerland Tel: 41-21-924-21-11 Fax: 41-21-924-28-13
    P r o f il e e t profile a Coffee, Water and Ki bbl e: r A P r of ile of the F ood and Bever age Giant po r o Nestlé c p r o Oct ober 2005 f P r epar ed by Richard Gir ar d P olar is Institute R esear cher il e corporate Table of Contents Introduction .........................................................................................................1 Chapter One: Organizational Profile .................................................................3 1.1 Operations .....................................................................................................3 1.2 Brands............................................................................................................4 1.3 Executives .....................................................................................................6 1.4 Board of Directors.........................................................................................7 1.5 Public Relations ............................................................................................8 1.6 University Links ............................................................................................8 Chapter Two: Economic Profile .......................................................................11 2.1 Financial Data..............................................................................................11 2.2 Joint Ventures/Alliances.............................................................................11 2.3 Lawsuits.......................................................................................................12
    [Show full text]
  • FS Product Listing May 2020 FINAL
    About our Product List This is a list of products we usually sell. As with all retailers during the Coronavirus outbreak, we do experience difficulties getting hold of some product lines so we will not necessarily have all the lines in this brochure in stock. As a result of these supply shortages we do have to impose purchasing restrictions from time to time (eg at times we have restricted buying to one pack of flour per customer). We review these restrictions daily depending on the available level of stock and our knowledge of the supply chain. Please place your order for what you would ideally like and we will advise as to any restrictions in place at that time which may affect your order. Also, items like our meat from SK Hutchings are only delivered three times a week so we will not always have the full range in every day. We will do our best to help though and will always suggest alternatives where we can. Click and Collect Service Our new click and collect service is available to anyone who would like to place an order with us either by email to [email protected] or by telephone to 01798 865907. • Click and collect slots are available Monday – Friday only from 2 – 3pm • Orders placed before midday will be ready to be collected that day. Orders placed after midday will be ready for collection on the next available day • Please include your name and telephone number on your order • We will take payment over the phone for click and collect orders prior to your order being collected.
    [Show full text]
  • Download Report
    Consumer Superbrands 2016 Top 20 Consumer Superbrands BRAND CATEGORY British Airways 1 Travel - Airlines Rolex 2 Watches LEGO 3 Child Products - Toys and Education Dyson 4 Household - Appliances Gillette 5 Toiletries - Men’s Grooming Mercedes-Benz 6 Automotive - Vehicle Manufacturer Apple 7 Technology - General Jaguar 8 Automotive - Vehicle Manufacturer Kellogg’s 9 Food - Cereals & Breakfast Foods Andrex 10 Household - Kitchen Rolls, Toilet Roll and Tissues Nike 11 Sportswear & Equipment Heinz 12 Food - Tins, Cans and Packets Coca-Cola 13 Drinks - Non-Alcoholic - Carbonated Soft Drinks John Lewis 14 Retail - Department Stores & General Retailers Häagen-Dazs 15 Food - Desserts & Ice Cream Google 16 Information & Search Virgin Atlantic 17 Travel - Airlines Marks & Spencer 18 Retail - Department Stores & General Retailers Amazon.co.uk 19 Retail - Entertainment & Gifts Microsoft 20 Technology - General Category Winners BRAND CATEGORY Michelin Automotive - Products AA Automotive - Services Mercedes-Benz Automotive - Vehicle Manufacturer Cancer Research UK Charities Mamas & Papas Child Products - Buggies, Seats and Cots JOHNSON’s Baby Child Products - General LEGO Child Products - Toys and Education Guinness Drinks - Alcoholic - Beer, Ale and Cider Jack Daniel’s Drinks - Alcoholic - Spirits Jacob’s Creek Drinks - Alcoholic - Wine Coca-Cola Drinks - Non-Alcoholic - Carbonated Soft Drinks Twinings Drinks - Non-Alcoholic - Coffee, Tea & Hot Drinks Actimel Drinks - Non-Alcoholic - Dairy Drinks, Milk and Cream Robinsons Drinks - Non-Alcoholic - Soft Drinks General evian Drinks - Non-Alcoholic - Water Barclays Financial - Banks and Building Societies PayPal Financial - General Aviva Financial - Insurance Hovis Food - Bakery Kellogg’s Food - Cereals & Breakfast Foods Cow & Gate Food - Children’s Food Cadbury Food - Confectionery & Snacks Lurpak Food - Dairy Products Häagen-Dazs Food - Desserts & Ice Cream Birds Eye Food - Fresh & Frozen Meats / Meat Substitutes continues..
    [Show full text]
  • PET PRODUCTS in the UNITED KINGDOM P a S S P O R T I
    PET PRODUCTS IN THE UNITED KINGDOM P a s s p o r t i LIST OF CONTENTS AND TABLES Pet Products in the United Kingdom - Category analysis ............................................................. 1 Headlines ..................................................................................................................................... 1 Prospects ..................................................................................................................................... 1 Innovations Underpin Value Growth ......................................................................................... 1 the Humanisation Trend Encompasses Technology and Luxury Shopping .............................. 1 Trends in Pet Dietary Supplements .......................................................................................... 2 Competitive Landscape ................................................................................................................ 2 Mars Petcare Launches Unique Pet Care Programme ............................................................. 2 Beaphar Focuses on the Comfort of Dogs and Cats ................................................................ 2 Tractive Trackers Monitor A Dog’s Location and Activity .......................................................... 2 Category Data .............................................................................................................................. 2 Table 1 Sales of Pet Products by Category: Value 2014-2019 ................................
    [Show full text]
  • Checkout Top 100 Brands 2011, Nielsen.Pdf
    CK 0811 Front Cover.qxp 23/08/2011 10:10 Page 1 Produced in association with FP AD TEMPLATE 23/08/2011 10:12 Page 1 CK 0811 Contents.qxp 23/08/2011 11:14 Page 3 CHECKOUTVOTED B2B MAGAZINE OF THE YEAR 2009 VOL. 37 NO.8 AUGUST 2011 dominate the market, retaining on to second place in the Top 100 for a second year, the market share of the Top 5 milk brands has dropped to 37.5 per cent this AUGUST 2011 year, down from 44 per cent last year, Vol. 37 No.8 and 52 per cent in 2009. Should both PL and the discounters continue their upward trajectory, you can expect to see CHAIRMAN/PUBLISHER KEVIN KELLY this share drop yet further. The other big story of the month, of EDITOR STEPHEN WYNNE JONES course, has been the Musgrave – [email protected] Superquinn deal, which appears to be nearing its conclusion. At the time of SENIOR REPORTER GRÁINNE BURNS going to press, Checkout was still [email protected] anticipating the Competition Authority’s here’s an old adage that goes, ‘the decision – a ‘request for further CONTRIBUTORS CONOR O’BRIEN, FAYE COULMAN more things change, the more they information’ from the parties involved Tstay the same’. ‘Change’ in this put the kibosh on the deal being PHOTOGRAPHY DAVE KENNY instance (if you haven’t noticed the approved in time for our deadline. unfamiliar face peering out at you from the However, from speaking to a number of ART DIRECTOR PAUL KELLY/IGOR BIASINI page) is the arrival of a new editor, myself, retail experts at length on the subject following the departure of John Ruddy, (including Superquinn’s founder, Senator SENIOR ACCOUNT MANAGER DANI SINNOTT who has embarked on a promising career Feargal Quinn), we would be confident [email protected] with one of the country’s top legal firms.
    [Show full text]
  • 24 Young.Indd 26 2/23/2011 16:54:21 B Ra N D S Laurie Young
    b ra n d s laurie young laurie’s lisT: producT Brands 1999 To 1850 Product Category Country Date Product Category Country Date Product Category Country Date Furla Fashion/ Italy 1927 Product brands: 1950 to 1999 Greene King: Ale UK 1951 luxury goods Google Search engine USA 1998 Abbot Ale Spillers: Dog meal UK 1927 Dior: J’adore Perfume France 1998 Clorets Breath USA 1951 Winalot Renault: Espace Car France 1997 freshener Patisserie Valerie Food and drink UK 1926 Stella McCartney Fashion UK 1997 Flying Pigeon Bicycles China 1950 Harvard Business Management USA 1926 Chanel: Allure Perfume France 1996 Pierre Cardin Fashion France 1950 Review magazine Amazon Book retailer USA 1995 Mentos Sweets Netherlands 1950 Godiva Confectionery Belgium 1926 Chupa Chups: SMINT Confectionery Spain 1994 (Part of Van Melle) Shanghai Tang Fashion China 1994 Camay Soap USA 1926 Viktor & Rolf Fashion Holland/ 1993 Unilever: Lux Soap UK 1925 France Product brands: 1900 to 1949 Corona Beer Mexico 1925 Prada: Miu Miu Fashion Italy 1992 Pucci Fashion/ Italy 1949 Fendi Luxury goods Italy 1925 o Vera Wang Fashion USA 1990 luxury goods Chanel N 5 Perfume France 1925 Renault: Clio Car France 1990 Onitsuka Tiger Sports wear Japan 1949 Belstaff Leather jackets UK/Italy 1924 Unilever: Slim Fast Weight loss UK 1990 (now ASICS) Primula Cheese Norway 1924 (was Thompson Longchamp Fashion/ France 1948 Mars: Milky Way Confectionery USA 1923 medical) luxury goods Q-tips Cotton bud USA 1923 Dior: Fahrenheit Perfume France 1988 Rowntree: Polo Confectionery UK 1948 Russell Stover
    [Show full text]
  • VOLUME 4 Expenditure Codes
    (ons) Social Survey Division Family Expenditure Survey 2000-2001 VOLUME 4 Expenditure Codes Family Expenditure Survey 2000-2001 : VOLUME 4 EXPENDITURE CODES Contents Colour Explanatory note pink Expenditure Code Changes green Part 1 - Expenditure Codes Summary blue Part 2 - Expenditure Codes Detail yellow Date checked : 8 June 2001 Family Expenditure Survey 2000-2001 : VOLUME 4 EXPENDITURE CODES Explanatory Notes See Volume 1, Part 3 - Database Definitions - for definitions of terms used Expenditure codes In the Family Expenditure Survey, information about expenditure is collected at a detailed level. It is collected through both the diary (which respondents fill in daily for a fortnight) and through the Household Questionnaire. Items of expenditure are assigned a six digit code which represents the type of expenditure (the code might represent 'bread', 'mortgage payments' or 'visits to the cinema', for example). These six digit codes are listed in Part 1 of this volume - Expenditure Codes : Summary. There are 14 main categories of expenditure, which are: .01 Housing .02 Fuel, light and power .03 Food .04 Alcoholic drinks .05 Tobacco .06 Clothing and footwear .07 Household goods .08 Domestic and paid services .09 Personal goods and services .10 Motoring expenditure .11 Travel and non-motor vehicle expenses .12 Leisure goods .13 Entertainment, education, holidays, betting .14 Savings, investments, money transfers, credit Part 2 of this volume - Expenditure Codes : Detail - is the 'data dictionary'. It gives an indication of the types of items to be found under each expenditure code, but it should be remembered that the list is not exhaustive. A comprehensive list of the expenditure codes that are new, deleted or have been amended from the 1999-2000 dataset are shown on a separate list (see green pages).
    [Show full text]
  • Boycott News
    BOYCOTT NEWS Nestlé shamed at World Sustainable Development summit An award ceremony at the World Sustainable Development summit in Johannesburg presented Green Oscars for companies which falsely portray themselves as being ethical. Nestlé picked up the Best Blue Actor Award for “daring to show its face at the United Nations” despite having “one of the worst corporate reputations out there.” However, Nestlé’s efforts seem to have paid off with the UN. At a Nestlé co-sponsored meeting with UN officials and the Swiss government on 29th October it was made clear that Nestlé has been accepted as a “partner” in the UN Global Compact. The awards in Johannesburg were organised by the EarthSummit.biz Academy (consisting of CorpWatch, Friends of the Earth International and Nestlé admits its auditors permit the promotion groundWork, the South of whole milk in baby food sections African organisation.) In Boycott News 31 we questioned Nestlé’s claim that its internal The Award was accepted by a stand-in (Tony Juniper of Friends auditors ensure that baby food marketing standards are adhered of the Earth) - photo left. to. In Nestlé’s own Sustainability Review the auditors appear to be turning a blind eye to the whole milk Nido displayed in a Perrier Award in trouble as organisers misuse pharmacy in a section clearly labelled “baby food”. The promotion of whole milks in this way is widespread and the name of Comic Relief dangerous. For example, a study in Brazil found that amongst Nestlé’s attempts to put an ethical spin on its harmful marketing poor mothers who have decided, or been persuaded, not to practices backfired once more at the Edinburgh Fringe Festival in breastfeed, 70% were using inappropriate powdered whole milk.
    [Show full text]