FTSE Stocks

Persimmon share price suffers

UK house builder Persimmon suffered on the markets last week following Chancellor George Osborne request to the Bank of England to ensure that the new  “Help to Buy” scheme does not cause a housing boom, and possible bust.

Share price down 4.3 per cent

Its share price fell by 4.3 per cent. Other house builders also lost value on Friday 27th Sept, including Bellway, Bovis Homes and Barratt Developments, which all fell by around three per cent.

The housing market is largely supported by government policy. While some politicians are calling for more house building, especially more affordable housing, others (namely Chancellor George Osborne) are keen to ensure that there is not a housing boom.

A housing boom results in higher property prices all round and subsequently larger mortgages for new buyers. Should the bubble burst, as it has done so in the past, home owners can find themselves with negative equity.

The FTSE closed 0.8 per cent down last week and continues to fall this week following news of an Italian political crisis.

Persimmon shareholder information:

All private shareholder enquiries should be directed to the registrar:

Registrar: 

  • Computershare Investor Services PLC
  • The Pavilions
  • Bridgwater Road
  • Bristol
  • BS99 6ZZ
  • Telephone 0870 703 0178
  • www.investorcentre.co.uk

To check the value of your Persimmon shares use their calculator: http://corporate.persimmonhomes.com/investor/share/calculator.aspx

Intertek Group

Intertek Group plc is a multinational business which carries out inspections, product testing and provides certification to export companies. They have sites all over the world which oversee inspection operations in each country.

Intertek were founded in the 1880’s when they started testing cargo before export to ensure that customers were receiving what they were paying for. These days they also act as a check against illegal smuggling of goods and health and safety of products being imported. Several companies came together to form Intertek – one of the original companies was a lamp testing company which was formed by Thomas Edison, along with the marine testing company set up by Caleb Brett and a testing lab set up by Milton Hersey. All of these original companies were taken over by Inchcape during their period of expansion during the 1980s and 1990s.

Intertek is the largest commercial products testing company in the world and has over 1000 laboratories around the world.

Intertek launched Tradegood (www.itradegood.com) in 2012, which is a business-to-business global sourcing community to help buyers and suppliers come together. The Tradegood Café provides video conferencing facilities to help buyers and sellers communicate more effectively.

Intertek was a part of Inchcape until 1996, when  there was a management buyout of the testing services division by Charterhouse Development Capital.

Intertek is a FTSE 100 company

Senior Management

Role Salary Bonus Total
Wolfhart Hauser
Chief executive officer £534,000 £872,000 £1,406,000
Llyod Pitchford
Chief Financial Officer £388,000 £331,000 £719,000

Company Information

Registered Office

Registrars

For further information, please visit: www.intertek.com/investors

References and Sources

“Wolfhart Hauser: Executive Profile & Biography”BusinessWeek. McGraw-Hill. Retrieved 17 September 2009.

Intertek group plc Bloomberg

J Sainsbury Plc.

J Sainsbury plc. is the holding company for Sainsbury’s Supermarkets Ltd, which is the UK’s third largest supermarket. It was founded in 1869 by John James Sainsbury and his wife Mary Ann Sainsbury. By 1922 it was the largest grocery retailer in the UK and held this position through until the 1995 when Tesco took the top spot. In 2003 Asda nudged Sainsbury’s down into 3rd place.

Lord Sainsbury of Turville (great-grandson of John James Sainsbury) holds a 4.99% stake in the company. The Qatar Investment Authority are the largest shareholder, with 25.999% of the company shares.

In May 2013 they took full control of their banking division, Sainsbury Bank, by buying out the Lloyds holding – see Sainsbury’s Hopes For An Independent Bank.

Sainsbury’s now runs 1012 stores in the UK, which includes 572 supermarkets and 440 convenience stores. They also sell via the Internet with Sainsbury’s Online and have a  £8.6 billion property portfolio.

Subsidiary businesses of Sainsbury’s include the following:

  • Sainsbury’s Local – convenience store chain by Sainsbury’s
  • Sainsbury’s Central – mini-supermarkets by Sainsbury’s, due to be phased out and be re-branded under the core Sainsbury’s ‘Main Mission’ format
  • Sainsbury’s Online – Online shopping service from Sainsbury’s
  • Sainsbury’s Active Kids – loyalty voucher scheme by Sainsbury’s
  • Sainsbury’s Bank – Financial services from Sainsbury’s and Lloyds Banking Group, established in February 1997

Company slogan: “Live Well For Less

Headquarters

Dividends

Dividends are paid twice a year, with an interim dividend paying in December / January and a final dividend paying in July. Sainsbury’s pays cash dividends direct to customer bank accounts on Pay Date.

Sainsburys run a DRIP (Dividend Reinvestment Plan) that gives shareholders the opportunity to use their cash dividend to buy shares in the Company through a special dealing arrangement.

Registrar

The registrar for Sainsbury’s is Computershare. Call 0870 702 0106.

Aberdeen Asset Management

Aberdeen Asset Management sponsored Dragon Boat

Aberdeen Asset Management sponsored Dragon Boat

Aberdeen Asset Management is a fund manager from Aberdeen, founded in 1983. In March 2012 they joined the FTSE 100 Index.

Over the last 20 years they have expanded rapidly and taken over several competitors, such as Murray Johnstone (2000), Edinburgh Fund Managers (2003), some of Deutsche Asset Management (2005), Glasgow Investment Managers (2007), Goodman Property Investors (2008), part of Credit Suisse Asset Management (2009) and some contracts from RBS Asset Management (2010).

Aberdeen Asset Management have been able to manage their expansion as they outsourced much of their administration to Henderson Investment Services, who have since been acquired by BNP Paribas Securities Services. They are now an international business with over 2000 employees in 31 offices around the world. The headquarters remains in Aberdeen.

Aberdeen gain publicity in part by sponsoring sporting events. They sponsored the Boat Race from 1999 to 2001, and in 2010 they started a 4 year sponsorship of the Dad Vail Regatta. In March 2012 they started sponsoring the Scottish Open golf tournament. They also sponsor Edinburgh Rugby Club and several other boating events and golfers. On 29 March 2013 its funds under management amounted to £212.3 billion (US$322.4 billion, €251.1 billion). Source: Aberdeen Asset Management PLC 31 March 2013

Company Information

Company headquarters:

  • Aberdeen Asset Management
  • 10 Queens Terrace
  • Aberdeen 
  • AB10 1YG
  • Tel: +44 (0) 1224 631999
  • Fax: + 44 (0) 1224 647010
  • Website: www.aberdeen-asset.com

Shareholder Information:

Dividend Information:

2 dividends are paid each year, an Interim (Ex-date usually in May, Payment date in June) and a Prelim (Ex-date in December, Payment date in January).

Marks & Spencer Plc.

Marks and Spencer plc. is one of the most successful retailers in the UK. It was founded by Michael Marks and Thomas Spencer, with the first shop opening in Leeds in 1884. It has 703 stores throughout the UK and a further 361 shops overseas. Its two main product areas are clothing a luxury food. In 1998 it hit a major milestone when it became the first British retailer to make a pre-tax profit of more than £1 billion.

Marks & Spencer Plc. is listed on the London Stock Exchange and is in the FTSE 100 share index. Ordinary 25p shares ISIN: GB0031274896 / SEDOL 3127489

Fun Fact: Michael Marks was a Polish Jew working in Leeds. In 1884 he was lent £5 to set up a Penny Bazaar in the Kirkgate Market. A year later Marks invited Tom Spencer to be his business partner and they started opening new market stalls all over the North West.

International shops are operated under franchise, although stores in Ireland and Hong Kong are operated by Marks and Spencer.

Marks and Spencer failed to please the Canadian market. It opened 47 stores in 1973 but by 1999 had closed them all. Canadians never saw the brand as anything more than a place for the elderly to buy clothes and have tea.

Takeovers and Acquisitions

In 1988 M&S acquired Brooks Brothers and Kings Super Markets, both American stores. However, they were both sold in later years.

In 2004 Arcadia Group and BHS attempted to takeover Marks and Spencer. At the time the company had been suffering a downturn in sales. Sir Philip Green was behind the takeover, making his second attempt to takeover the business after a failed hostile takeover in 1999. The bid was cancelled as he could not get shareholder approval.

Company Registrar

General shareholder queries should be sent to the registrar:

Equiniti Limited 
Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA

Telephone: 0845 609 0810

Webwww.Equiniti.com

Company Details

Marks and Spencer Group plc
Waterside House
35 North Wharf Road
London
W2 1NW

Tel: 020 7935 4422

Registered Number: 4256886
Place of Registration: England and Wales

Investor Relations – Majda Rainer: 020 8718 1563

Email enquiriesinvestorrelations@marks-and-spencer.com

Shares and Dividends

Dividends are paid direct into shareholder bank  accounts. Marks & Spencer provide a dividend reinvestment plan.  Call the shareholder helpline on 0845 609 0810 for more information.

Recent Dividend Payments:

Ex-Date Record Date Payment Date Dividend Amount
(p per share)
14 Nov 2012 16 Nov 2012 11 Jan 2013             tbc
30 May 2012 1 June 2012 13 July 2012

10.8p

16 Nov 2011 18 Nov 2011 13 Jan 2012

6.2p

1 June 2011 3 June 2011 15 July 2011

10.8p

17 Nov 2010 19 Nov 2010 14 Jan 2011

6.2p

2 June 2010 4 June 2010 16 July 2010 9.5p

Previous dividend payments: corporate.marksandspencer.com/investors/shareholder/yourdividends/dividends_history

Shareholder Information

M&S provide a comprehensive FAQ page if you have questions regarding your shares. It covered everything from what to do if you lose your share certificate to information on tax vouchers, managing the shares of deceased shareholders and how to update your personal details.

Royal Bank of Scotland Group Plc.

The Royal Bank of Scotland Group (RBS) provides banking and insurance services. The UK Government owns 84% of the bank through UK Financial Investments Limited (which also own Northern Rock and 41% of the Royal Bank of Scotland). The bank is still listed on the London Stock Exchange.

RBS is the worlds largest company in terms of assets controlled (read this FT report for more on this). It is the largest bank in Scotland and in terms of market capitalisation is the 5th largest bank in the world.

RBS is the result of a series of mergers and takeovers which started in earnest in the 1960’s. In 1969 the National Commercial Bank of Scotland and the Royal Bank of Scotland merged. In 2000 RBS took over NatWest. In 2007 RBS took over ABN Amro.

Over the years RBS has fought off many takeover bids such as offers from Lloyds Bank in 1979, a proposed merger from the Standard Chartered Bank in 1980 and HSBC which put in a rival bid. The Bank of England opposed the HSBC bid and the RBS board rejected the offers.

The Blue Monday Crash

The financial crisis of 2008-2009 resulted in the RBS arranging an emergency rights issue to raise £12 billion to cover write-downs of around £5.9 billion. However, this did not save the bank and in October 2008 the British Government proposed a rescue package (bailout) of RBS.

As a part of the bailout of British banks The Treasury invested £37 billion into RBS, Lloyds and HBOS. Overall in 2008 RBS lost around £24.1 billion in wrote downs, the largest loss ever made by UK business. On Monday, 19 January 2009 shares in British banks crashed, the crash was led by RBS which lost 67% of is value. This is now known as the Blue Monday Crash.

RBS Shareholder Information

RBS’ registrar is Computershare: www-uk.computershare.com.

RBS usually holds its annual general meeting in April.

RBS Dividend Information

RBS is no longer paying dividends as it is focusing on raising capital. You can find historic dividend information on their shareholder information pages: www.investors.rbs.com/dividends

 

British Sky Broadcasting Group Plc.

British Sky Broadcasting Group plc (often called BSkyB or just Sky) is the largest pay-TV broadcaster in the UK with over 10 million customers. It was formed in 1990 when Sky Television and British Satellite Broadcasting merged – both companies were struggling financially and were not able to effectively compete with each other.

It is listed on the FTSE100 and in 2010 had an annual revenue of £5912 million and an operating income on £1096 million.

Takeover by News Corp / Rupert Murdoch

News Corporation owns 39.1% of BSkyB and are seeking permission to takeover the company in full. These plans are currently in jeopardy as a result of the phone hacking scandal that took place in some News Corporation owned newspapers. The takeover proposal of 700p was made in June 2010 but was rejected by BSkyB.

BSkyB were said that they would only consider offers of at least 800p per share, however, since the phone hacking scandals the share price has dropped as the merger is likely to be cancelled. Ironically this may set BSkyB up for a more aggressive takeover if approval is made.

As of 11th June 2011 BSkyB was trading at just under 700p at 699.25p.

News Corporation have changed their bid and Culture Secretary has referred the offer to the competition commission.

Company Information

Company headquarters:

  • 1 Braham Street
  • London UK
  • E1 8EP
  • 020 7032 8000

The company registrar is Equiniti.

Sky Dividend Payments

Sky pays two dividends each year, and interim dividend is paid in April and the final dividend is paid in October. The final dividend payment of 2010 was 11.525p.

Sky offers a dividend reinvestment plan which you can arrange through the company registrars.

FT30 Share Index Given A Makeover

FT.com announced today that it is giving the FT30 share index a makeover. FT30 Index is the oldest of the indices and was set up to track the top 30 companies in 1935.

The FT30 was the brainchild of Maurice Green and Richard Clarke who worked for the Financial News in the 1930’s. Having just 30 stocks on the index make it much more sensitive the fluctuations in share prices. It was set up specifically to help monitor the market in a time of uncertainty. Sounds familiar doesn’t it?

The FT30 was replaced by the FTSE100 in 1984 (actually replaced by FT Actuaries in 1962, which itself was replaced by the FTSE100).

No Telecoms, Media or Tech Stocks

As the FT30 does not have an telecom, media or technology stocks it had underperformed compared to the FTSE100 for many years. However, since 2009 the FT30 has actually been performing better due to the increased value in the commodities markets and the falling favour of the media and technology sectors.

Companies listed in the FT30 remain more or less unchanged. Companies only leave the index when they are delisted from the stock exchange. Tate & Lyle and GKN have both been members of the FT30 since it was created in 1935.

FT30 Index Today

Here are the companies currently in the FT30 index.

  1. 3i Group
  2. BAE Systems
  3. BG
  4. BP
  5. British American Tobacco
  6. BT Group
  7. Compass
  8. Diageo
  9. GKN
  10. GlaxoSmithKline
  11. International Consolidated Airlines Group
  12. Invensys
  13. ITV
  14. Ladbrokes
  15. Land Securities
  16. Lloyds Banking Group
  17. Logica
  18. Man Group
  19. Marks & Spencer
  20. National Grid
  21. Prudential
  22. Reckitt Benckiser
  23. RSA
  24. Royal Bank of Scotland
  25. Smiths Group
  26. Tate & Lyle
  27. Tesco
  28. Vodafone
  29. Wolseley
  30. WPP

Vodafone Group plc.

Vodafone is the world’s largest telecoms company (based on revenue) and the UK’s 4th largest company. It operated in 30 countries and owns 45% of Verizon Wireless, America’s most popular mobile telecoms company.

Why Vodafone? The Name is derived from VOice DAta FONE. Vodafone is listed on the NASDAQ as well as the LSE.

Company Information

  • Vodafone Group Plc
  • Vodafone House
  • The Connection
  • Newbury
  • Berkshire
  • RG14 2FN
  • England
  • Tel: +44 (0) 1635 33251
  • Web: www.vodafone.com

Company Registrar

  • Computershare Investor Services PLC
  • The Pavilions
  • Bridgwater Road
  • Bristol BS99 6ZZ
  • England
  • Telephone: +44 (0) 870 702 0198

Company Dividend Payments

Vodafone only pays its dividend by direct debits, it has stopped paying by cheque. It also offers a Dividend Reinvestment Plan (DRIP) so that shareholders can reinvest their cash dividend into new shares. If you are a Vodafon shareholder and wish to participate in the dividend reinvestment plan then contact the Plan Administrator on +44 (0) 870 702 0198.

It pays a dividend twice a year, an interim dividend in February and a final dividend in August.

BHP Billiton Plc.

BHP Billiton is the UK largest stock (based on first quarter 2011). It’s headquarters are in Melbourne with its second office in London. It is the world’s largest mining company based on annual revenues and is the 3rd largest company in the world.

BHP operates a variety of mines all over the world including diamond mines in Canada and copper mines in Papua New Guinea. It has grown considerable through a series of mergers and acquisitions.

Mergers and Acquisitions

Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo-Dutch Billiton plc

BHP Billiton was created in 2001 when Broken Hill Proprietary Company Limited (BHP) and the Anglo-Dutch Billiton plc merged to create a dual listed company.

WMC Resources Takeover

In 2003 BHP Billiton took over WMC Resources who control large copper, nickel, gold and uranium mines.

Rio Tinto – Hostile Bid Abandoned

BHP Billiton has shown an interest in Rio Tinto and made a hostile takeover bid in February 2008 by cancelled the offer due to the struggling global economy. The is always a possibility of the new offer fro Rio Tinto though.

Athabasca Potash

In 2010 BHP Billiton acquired Athabasca Potash. This makes BHP Billiton one of the worlds largest, if not the largest, producer of potash, a vital agricultural fertilizer.

Potash Corporation of Saskatchewan

In 2010 BHP Billiton staged a hostile takeover of Potash Corporation of Saskatchewan but this takeover was dropped later in the year. There was a lot of opposition to the takeover.

BHP Billiton Company Information

  • Australia
  • BHP Billiton Limited
  • BHP Billiton Centre
  • 180 Lonsdale Street
  • Melbourne Victoria 3000
  • Phone: (61) 1300 55 47 57
  • Fax: (61 3) 9609 3015

 

  • Corporate Centres
  • BHP Billiton Plc
  • Neathouse Place
  • London SW1V 1BH
  • United Kingdom
  • Phone: (44 20) 7802 4000
  • Fax: (44 20) 7802 4111

Website: www.bhpbilliton.com

Company Registrar

Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol
BS99 6ZY

Online: www.investorcentre.co.uk/contactus

For UK residents only:
Freephone: 0800 435021
Fax: 0870 703 6119

BHP Billiton Dividend Payments

BHP Billiton pays 2 dividends each year, an interim dividend in March and a Final Dividend in September.

You can find historic information and the latest BHP Billiton dividend details on their shareholders portal: www.bhpbilliton.com/home/investors/shareholderinfo/Pages/Dividends.aspx