...US and UK GAAP results presented using merger accounting or on a "pooling of interest" basis US$-denominated group financials and dividends Transaction recommended by both Boards Effective: December 31, 1998 Transaction overview Transaction description UK Holding Company Structure Amoco shareholders exchanged their shares in Amoco for ADRs representing shares in BP Accounting/reporting Accounted for as a merger under UK GAAP (or "pooling" under US GAAP) BP to report in US dollars, under UK GAAP with supplementary US GAAP information provided Dividends Dividends to be declared in dollars, with a sterling alternative to be offered to all UK shareholders of BP who require Sterling Listing/index BP Amoco remains in the FTSE 100 index FTSE weighting increased The following material contains statements, particularly those regarding capital employed, capital expenditure, cashflows, costs, savings, debt, demand, disposals, dividends, earnings, efficiency, gearing, growth, margins, performance, prices, production, productivity, profits, reserves, returns, sales, strategy, synergies, tax rates, trends, value, volumes, and the effects of BP merger and acquisition activity, which are or may be forward looking statements that involve risk and uncertainty that could cause actual results to differ materially from those expressed or implied in such statements. There are a number of factors that could cause actual results to differ materially from those expressed or implied...
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...1. Executive summary The main purpose of this report is to research and analyse the role that the utilisation of information and communication technology plays in the business affairs of Argos Ltd (Britain’s biggest retailer of home-goods). This report provides the reader with information on such aspects as: • the way that Argos conducts its business • the role that ICT plays in the everyday business affairs of Argos • background information about Argos, its allies and competitors • facts and figures on Argos`s sales, revenues and customers` buying habits After understanding the background and position on the market of Argos, the report evaluates the description of the organisation`s arrangement of operations, by adopting a customer perspective using the `customer perspective framework` while highlighting the role that technology plays within it. The last part of this report is dedicated to the competitive analysis of the organisation, in means of its relative success, by applying the framework of SWOT analysis and Porter`s 5 Forces model. Comparison of the organisation is also carried out by using the examples that are widely used in the sphere of ICT. Suggestions for improvement were given where relevant. Various credible informational resources were used it this report, including academic textbooks and journal articles, research reports and statistical data and numerous online sources. To assess and understand the current trends and developments...
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...Investment analysis November 2015 Jaime J. Delgado Code Unit STR364 Student Num. Q12576077 TABLE OF CONTENTS 1. Introduction…….………………………………………………………................... 2 p 2. Overview of Land Securities..…….................................................................... 2 p 3. The market trends, opportunities and risks..…...…………................................ 2 p a. Housing in London 2 p b. Commercial real estate in the UK 3 p 4. Strategy for management and marketing.……………………………………….. 3 p c. Business model .……........................................................................... 3 p d. Performance.……................................................................................ 4 p 5. Specific project analysis …………....…………………........................................ 4 p e. Stakeholders aspirations …………………………………………………... 4 p f. Operational performance …………………………………………………… 5 p 6. Conclusion and recommendation ………………………………………….............. 8 p 7. References …………………………………………………………………………….. 9 p 8. Appendix………………………………………………………..…..............…..…....... 11 p 1. INTRODUCTION This report aspires to critically evaluate the performance of Land Securities and provide enough evidence to allow non-professional investors to understand the Company performance, the market where it operates and decide if investing in Land Securities is...
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...GROUP 9 CHAPTER 16 CASE STUDY DELAYERING AS A DEFENSE MECHANISM Executive Summary In October 2009, Anglo American PLC, the world’s fourth largest diversified mining company announced that it was delayering – eliminating a layer of organizational structure. The major criteria for this reorganization were geography and asset status. Then in June 2009, the Swiss-British mining company Xatrata proposed a merger with Anglo- a move that would create a $68 billion frim to compete with industry giants like BHP Billiton, Vale and Rio Trinto. But in October, Xatrata withdrew its offer in the face of resistance from the Anglo board Carroll announces her “simplification and delayering strategy”. In making the announcement she asked shareholders for more time to develop the company’s assets and prove its value as an independent company. Introduction An organization changing its structure is not unusual among business these days as they struggle to remain competitive in a rapidly changing world. The structure of an organization is most often described in terms of its organization chart. A complete organization chart shows all people, positions, reporting relationship, and lines of formal communication in the organization. For large organizations, several charts may be necessary to show all positions. Literature Review Responsibility and authority are related to both configurational and operational aspects of organization structure...
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...The company was founded in 1919 by Jack Cohen as a group of market stalls. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname,[9] and the first Tesco store opened in 1929 in Burnt Oak, Middlesex. His business expanded rapidly, and by 1939 he had over 100 Tesco stores across the country.[10] Originally a UK-focused grocery retailer, since the early 1990s Tesco has increasingly diversified geographically and into areas such as the retailing of books, clothing, electronics, furniture, petrol and software; financial services; telecoms and internet services; DVD rental; and music downloads.[11] The 1990s saw Tesco reposition itself, from its perception as a downmarket "pile 'em high, sell 'em cheap" retailer, to one which appeals across a wide social group, from its Tesco Value to its Tesco Finest ranges.[12] This was successful, and saw the chain grow from 500 stores in the mid-1990s to 2,500 stores fifteen years later.[12] Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £24.4 billion as of 15 January 2012, the 15th-largest of any company with a primary listing on the London Stock...
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...markets 5 3. Empirical study 6 3.1 Select a FTSE 100 company—HSBC Holdings PLC 6 3.2 Financial decisions taken over in the past three years 7 3.3 Appraise the financial management decisions 8 3.4 Impacts the financial management decisions have on the company’s value 9 3.5 Analysis 10 4. Conclusion 11 References 12 Bibliography 13 1. Introduction The financial management is a comprehensive and complex work to plan the expenditure and revenue in detail, so as to accumulate more profit guarantee the future expansion and daily normal operation. Financial management decisions are the strategies to achieve their financial objectives which mainly include capital budgeting, capital structure, and working capital management. Scholars have been devoting themselves into this discipline for a long time, especially the research of capital structure. Modigliani and Miller (1958) even got their Nobel Prize in economics for their study of the relationship between capital structure and corporate value, with and without corporate tax. But whether financial management decisions influence the firm value and how policies affect it are still open for discussion, for there are still plenty of uncertainties. This paper makes a brief overview of the related theories about financial management and the efficiency of capital market, and then carries on an empirical study to test related theories by citing an example of a FTSE 100 company, HSBC Holdings PLC. 2. Background...
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...James Lorenzana 6514 Lasseron Drive Palmdale, CA 93552 (661) 229-8484 ajloren2000@yahoo.com SAP PORTALS /NETWEAVER & BASIS CERTIFIED European Union Citizen / US Citizen Brief Introduction James has over 16 years experience in leading and delivering successful projects with 12 years of experience in delivering successful SAP/ERP/Infrastructure projects. He has worked in a variety of industries including Government, Manufacturing, Media, Financial Services, E-commerce, Banking, Telecom, and Chemical. James is an experienced technical consultant and problem solver who brings enthusiasm and process-based organization to his engagements. James blends quickly with client teams and together they meet milestones and develop high-quality deliverables. James’ leadership and technical experiences on a wide variety of engagements allow him to successfully adapt to different roles, environments, and technologies. Clients describe him as an energetic leader, a creative thinker, and a results-oriented senior consultant. James is certified in SAP Basis, as well as SAP Portals/NetWeaver & Configuration (SAP UK Ltd.), SAP XI, and MS Active Directory. Project Summary: ▪ Delivered global Portal Strategy and Solutions for Suez Group (Electrabel) ▪ Lead and Architect in half a dozen full-life cycle Enterprise Portals (NW2004s (EP 7.0), EP 6.0, and EP 5.0) and KM implementations ▪ Home Depot – Led Portal team in architecting, designing, and configuration of Federated Portal...
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...financial forecasts and ratios: | |Actual |Estimate | | |MAR 11 |MAR 11 |MAR 12 |MAR 13 | |EPS(GBp) |- |- |63.934 |74.790 | |DPS(GBp) |18.250 |18.590 |20.100 |22.750 | |PE |- |- |26.590 |22.730 | |ROE% |17.04 | |Beta |1.34 | |Alpha |0.01 | | |AVEVA GROUP |FTSE-100 | |Price | | |% 1 M |6.19 |3.18 | |% 3 M |20.61 |14.54 | |% 6 M |16.01 |15.31 | |% 1 Y |6.58 |-1.43 | Valuation (by DDM & by comparables): |DDM |1333.52 |PE Model...
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...Stocks Selecting Our team have a discussion about the stock selecting and get the conclusion to get five stocks stands for different industries and the stock should have a certain amount of trading volume this year, so that their stock prices’ waving can reflect the common situation of their own industry and our gap trading can have opportunities to show its power. Finally these stocks are selected as our trading gap trading objects: 0005.hk(HSBC HOLDINGS);00031.hk(CHINA AEROSPACE);0700.HK(TENCENT);00027.HK(GALAXY ENT) and 0040.HK(GOLD PEAK); Here are some introduction about them and some simple analyses will be give along with their stock price this year (from June). 0005.hk(HSBC HOLDINGS): Introduction HSBC Holdings plc is a British multinational banking and FINANCIAL services company headquartered in London, United Kingdom. It is the world's fourth largest bank. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. As such, the company refers to both the United Kingdom and Hong Kong as its "home MARKETS". HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia, Europe, North America and South America, and around 60 million customers. As of 31 December 2013, it had total assets of $2.671...
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...Muhammad Faisal Shaikh SP11-MB-0101 Vision Create an exploration led and Sustainable cash generative oil and gas business Offering shareholders exposure to material Capital growth potential. By constructing a balanced portfolio of growth opportunities, Whilst retaining a strong balance sheet, we Are well placed to repeat the cycle of creating, adding and realizing shareholder value. 2012 Acquisition of Nautical Petroleum Nautical was an independent oil and gas exploration and production company. It had development assets in the United Kingdom North Sea (including interests in the Catcher, Kraken and Mariner fields) and exploration assets in the United Kingdom, Ireland and France. Acquisition of Agora Oil & Gas AS Agora was a private Norwegian company with non-operated, exploration, appraisal and developmental assets in the UK and Norwegian North Sea. Proposed $3.5 billion return of cash to shareholders announced Shareholders to receive £1.60/share dividend for each Ordinary Share. 2011 Simon Thomson becomes Chief Executive Part sale of shareholding in Cairn India to Vedanta Resources plc completed Cairn retains an approximate 22 per cent shareholding in Cairn India. 2010 Proposed part sale of Cairn India to Vedanta Resources plc Cairn announces the proposed part sale of up to 51% of its shareholding in Cairn India to Vedanta. Cairn's interests in Bangladesh acquired by Santos Santos acquires all of Cairn's assets in Bangladesh, including its interest...
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...Leadership Strategy Agenda • What is Cost Leadership? • Businesses Reaping the Benefits • Examples of Successful Initiatives • New ways of Looking at Costs • Seeking Opportunity 2 What is Cost Leadership? Michael Porter identifies three generic business strategies: 3 What is Cost Leadership? Cost Leadership, is based on being the lowest cost producer in an industry, for a certain quality of product. To achieve it companies must: • • • • Improve process efficiencies Gain unique access to a source of lower cost materials Outsource appropriate functions Avoid certain costs altogether 4 Businesses Reaping the Benefits 60 of the FTSE 100 companies saw their share price increase over the past six months. Top 10 FTSE 100 Risers Share price increase over 6mths (%) 100 90 80 70 60 50 40 30 20 10 0 FTSE 100 Companies 5 Businesses Reaping the Benefits By offering relatively inexpensive food and hotel prices, Whitbread has managed to continue its expansion and saw its share value rise by more than a quarter in the past year. • Whitbread has focused on improving procurement practices, menu management and labour scheduling. • Andy Harrison, CEO at Whitbread, has championed the appointment of dedicated management teams, both centrally and at site level, to improve operational and cost efficiencies. • An example of approach is the company’s use of e-auctions to minimise the impact of rising commodity prices. 6 Businesses Reaping the Benefits ...
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...Some investors have warned that Marc Bolland who leads retailer Marks and Spencer (M&S) will face renewed scrutiny if its Christmas and New Year trading figures to be released next week disappoints the market, the Financial Times reported. The report cited the offloading of UK-based Standard Life Investments' share of the retailer during the past six months, presumably due to concerns over the performance of M&S. The shares sold by the Standard Life, one of the largest fund management groups in UK, were substantial: from holding over 2% of the company's shares as the 11th largest shareholder of the retailer, Standard Life Investments now holds an "underweight" position of only 1.43%, the report said. The call of other investors is for M&S to begin delivering, especially in clothing where the past few months placed its overhauled women's wear range under crucial test. One of the investors of M&S was blunt when telling FT about the vulnerability of Bolland's position. The report quoted the investor as saying, "Of all the retail chief executives, Mr Bolland's position is possibly the most vulnerable. We would not start urging his resignation at this stage, but if next week's results are weak and the group fails to tackle its problems on clothing over the next six months, then his position will come under pressure." Another investor told the FT that they have not been pleased with the retailer's performance. The investor added that Bolland had made plenty of promises but...
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...Module: Accounting and Finance Coursework Assignment 2014-2015 Company: Sports Direct PLC Contents 1.1 Background of Sports Direct 1.2 Comparison of Sports Direct to the Industry 1.3 Comparison of Sport Direct to the Market 1.4 Sports Direct News October 1.1 Background of Sports Direct Sports Direct was founded in 1982 by owner Mick Ashley in Maidenhead, England. The company went in to the London Stock Exchange in 2007 after 25 years of building a portfolio which includes acquiring other sports brands which include Donnay, Lonsdale, and fashion brands such as Kangol while buying out other companies such as JJB Sports and acquiring shares in Blacks Leisure Group, Matalan and of recent times, a 4.6% share in Debenhams (London Stock Exchange, 2014). The companies international expansion started in 2000 with stores opening in Belgium, followed in 2011 with stores in Portugal and 2013 where the company entered the Austrian and Baltic retail markets. Sports Direct current strategy and business model is to: * Identify – Brand acquisitions and property enhancement * Invest – Store portfolio and employees * Develop – Website and m-commerce, enhanced product ranges * Promote – Group owned brands (Source: Sports Direct PLC, 2014) Sports Direct is the UK’s largest sports retailer worth an...
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...1.0 Introduction As a journalist on the daily news, Base on the letter I received from the retired government official Duncan Kennedy, I will prepare a report for Duncan Kennedy and his wife Elaine discussing different products and services and give suggestion for Duncan Kennedy to keep value on his property. In order to complete the report, research and preparations are indispensable. To begin with, I would read through the case and analyze Duncan’s current situation as well as their demand, concerns and requirement. Then I will be able to prepare a plan and gather information through internet, mailshots, visit to provider, and comparison with other products or services. After evaluating the validity of all information, I am going to advice Duncan and Elaine with the most suitable plan. 1.1 Planning Stage and Schedule When I make a plan for this project, I will first read this case carefully to get enough and important information to ensure the completion of an investigation of this project. Then viewing the information provided by Duncan and Elaine. so I can understand of their current situation and requirement. After that I will use different methods to get information that I need. The methods are internet, mailshots, and provider. I would compare it with other products and services. And I will find suitable products or service that can provides the best income and interest. These products should also pay less tax, or free tax. these products risk should still be in their...
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...production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy interests in biofuels and wind power. [dated info] As of December 2013, BP has operations in approximately 80 countries,[4] produces around 3.2 million barrels per day (510,000 m3/d) of oil equivalent,[1] has total proved reserves of 17.9 billion barrels (2.85×109 m3) of oil equivalent,[11] and has around 17,800 service stations.[12][13] Its largest division is BP America in the United States. In Russia BP owns a 19.75% stake in Rosneft, the world's largest publicly traded oil and gas company by hydrocarbon reserves and production. BP has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index; it had a market capitalisation of £85.2 billion as of April 2013, the fourth-largest of any company listed on the exchange.[14] It has secondary listings on the Frankfurt Stock Exchange and the New York Stock Exchange. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum.[15][16] In 1959, the company expanded beyond the Middle East to Alaska and in 1965 it was the first company to strike oil in...
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