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echtgeld.tv - Geldanlage, Börse, Altersvorsorge, Aktien, Fonds, ETF
Das echtgeld.tv-Depot steht aktuell bei 422.017 Euro. Seit dem letzten Depot-Update Anfang Juni hat es 3,6 Prozent zugelegt und damit den breiten Welt-ETF geschlagen. Seit dem 19. Dezember fällt das Bild allerdings anders aus! Tobias Kramer erklärt, welche Rolle die geringere Technologiegewichtung dabei spielt, warum er sich mit seiner Allokation und dem Risiko-Management dennoch wohlfühlt und wo er jetzt neues Kapital investiert. Im Mittelpunkt stehen mehrere konkrete Portfolio-Entscheidungen: • Aus dem Tabakdepot fließen 607 Euro Dividenden zurück in Imperial Brands. Tobias kauft 18 weitere Aktien und setzt damit erneut auf die aus seiner Sicht attraktivste Bewertung unter seinen fünf Tabakwerten. • Das Gesundheitsportfolio wächst über drei ETF-Sparpläne weiter: MSCI World Healthcare, MSCI Europe Healthcare sowie Medical Robotics and Bionic Engineering. • Die Übernahme von TruBridge ist abgeschlossen. Aus dem ursprünglichen Einsatz von rund 1.200 Euro wurde eine Gutschrift von gut 2.600 Euro. Aber, da wird es noch ein Update geben! • Im DAX-Portfolio investiert Tobias die erhaltenen Dividenden neu. Für die bislang kleinste Position Henkel stellt er eine Limit-Order über sieben Aktien zu 75,75 Euro ein. • PayPal, Shimano, Fresenius und Novo Nordisk sorgten in den vergangenen zwei Monaten für deutlichen Rückenwind. Bei PayPal treiben zusätzlich die Übernahmegerüchte den Kurs. • Samsung verliert seit Anfang Juni knapp 28 Prozent. Tobias bleibt dennoch investiert und erklärt, warum die Aktie auf Basis der aktuellen Gewinnschätzungen weiterhin außergewöhnlich günstig erscheint. • Bei Hermès nutzt Tobias den jüngsten Kursrückgang und verdoppelt seine Position. Die Aktie liegt fast 50 Prozent unter ihrem früheren Höchststand, bleibt mit einem erwarteten KGV von rund 30 aber anspruchsvoll bewertet. • Außerdem geht es um SAP auf der Watchlist, die langfristige Entwicklung des Tabakdepots sowie die jüngsten Rückgänge bei 2G Energy, Palantir und Energiekontor. Welche der im Video genannten Aktien würdet ihr auf dem aktuellen Kursniveau aufstocken – und warum?
The MAFFEO DRINKS Podcast is a leading drinks business podcast, listened to in 120 countries worldwide with 125+ episodes. Honest conversations about how the industry actually works, from the bar and what it means for the boardroom.This Episode is hosted by Chris Maffeo and brought to you by MAFFEO DRINKS.Paul Thomas is Global Consumer & Shopper Insight Director at Imperial Brands, formerly Global Insight Director at Beam Suntory.Why do bartenders know more than a hundred-thousand-pound research report?How does the Japanese concept of Gemba change the way brands gather insight?What actually happens when marketers stop hiding behind PowerPoint and go to the bar?Find all episodes featuring Paul Thomas at themaffeodrinkspodcast.comBottom up. Wanna know what the conversation above means for your team? It's in the paid section.For €100 a year you get access to Maffeo Confidential (Private Podcast) and get this analysis and access to the full archive of 125 episodes, each one translated from industry conversation into the commercial decisions underneath it. Find out more at maffeodrinks.com
In this episode we discuss Greggs, Burberry, Imperial Brands, Premier Foods, TUI & Nvidia$grg $brby $imb $pfd $tui1 $nvda#grg #brby #imb #pfd #tui1 #nvda
Europa Press celebra una nueva edición de sus Desayunos Informativos, un espacio de diálogo y análisis que llega a tus oídos gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, nuestra tribuna informativa ha contado con la participación de Ángel Víctor Torres, ministro de Política Territorial y Memoria Democrática, quien ha compartido su visión sobre algunos de los principales retos institucionales y territoriales que afronta actualmente el país. Tras su exposición inicial, el ministro ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este Desayuno Informativo. La bienvenida institucional y apertura del encuentro han sido realizadas por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. Torres no resta "relevancia" a las investigaciones pero denuncia un "show" para generar escándalo contra el Gobierno Torres confía en que Zapatero será capaz de demostrar su inocencia cuando declare ante el juez Torres emplaza a Page a expresar sus críticas en los canales internos del PSOE: "Hablemos dentro de nuestra casa" El ministro Torres reivindica el diálogo con las CCAA, con más de 50 transferencias desde la llegada de Sánchez Torres sobre Cuelgamuros: "Hoy es un lugar para visitar y recordar lo que fue, no repetirlo, como se hace en Auschwitz" El Gobierno estudia organizar actos por el golpe fallido del 23-F y no aclara si recordará a Adolfo Suárez Torres avisa al gobierno de Ayuso sobre repatriar 110 menores migrantes: "Hay que preservar lo que dice la legislación" Torres avanza que antes de final del verano habrá una comisión mixta para abordar el traspaso aeroportuario a Canarias
In this episode of the Cannabis Accounting Podcast, host Raymond Guns sits down with Nick Kenny, Founder of KBS Strategic Advisory, to pull back the curtain on how the world's largest, most established companies have been quietly studying — and entering — cannabis for nearly a decade.Nick spent 18 months inside Imperial Brands educating a FTSE-listed boardroom on cannabis before anyone could say the word publicly. That work led to real investments, a career pivot, and eventually to KBS — a consultancy built around one idea: helping highly regulated, mature industries navigate entry into highly regulated, immature ones.Nick opens up about:
echtgeld.tv - Geldanlage, Börse, Altersvorsorge, Aktien, Fonds, ETF
Fünf Tabakaktien, eine klare Performance-Rangliste: An letzter Stelle steht ausgerechnet der Wert, der als nächstes nachgekauft wird. In diesem Tabak-Update bespricht Tobias Kramer das gesamte Portfolio im direkten Vergleich: • Altria: 10 % Kursplus in 12 Monaten, aber Marktanteilsverluste im rauchfreien Segment • British American Tobacco: größte Position mit knapp 50 % im Plus seit Einstand • Imperial Brands: einziger Negativperformer der letzten 13 Monate, KGV bei 8 • Japan Tobacco: Rekordumsatz, operatives Ergebnis +21 %, – aber bereits über dem fairen Bewertungsniveau? • Philip Morris International: Wachstumsführer im rauchfreien Segment – Bewertung jenseits der Nachkauf-Zone • Scandinavian Tobacco: Zigarren-Nische und sinkende Gewinne – warum der Wert auf die Beobachtungsliste kommt, aber nicht ins Depot Die Bewertungslücke zwischen Imperial Brands (KGV ~8) und Philip Morris (KGV ~19) ist kein Zufall, sondern die Grundlage für die heutige Entscheidung! Wie Tobias konkret angepasst hat und warum, erfährst Du im vollständigen Podcast.
Comienza una nueva jornada de los Desayunos Informativos de Europa Press, un encuentro que llega a tus oídos gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, nuestra tribuna informativa ha contado con la participación de Milagros Tolón, ministra de Educación, Formación Profesional y Deportes, quien ha expuesto las principales líneas de actuación del Gobierno en materia educativa, de formación profesional y de impulso al deporte. Tras su intervención inicial, la ministra ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este Desayuno Informativo. La bienvenida institucional y apertura del encuentro han sido realizadas por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. Tolón critica que Aldama diga "más de lo mismo" y confía en que la justicia le "ponga en su sitio" Tolón avanza que el real decreto de FP fijará un mínimo de ciclos y de horas presenciales y profesores en las aulas Tolón critica la "prioridad nacional", "fórmula" de Vox que el PP "ha asumido como propia": "Es una amenaza" Tolón sobre la presencia de Mossos en la escuela: "Lo que tiene que hacer la Generalitat es explicarlo" Tolón elude asegurar si el Bernabéu debe acoger la final del Mundial: "Tiene que ser en España" Milagros Tolón recalca que el nuevo modelo del deporte ansía "modernizarlo y situarlo a su potencial" La ministra de Educación ve los estudios universitarios elegidos por la Princesa Leonor "brillantes" y "bonitos" Tolón critica el "bulo" del PP de que van a cerrar los centros de educación especial: "Han pasado de 474 a 482"
In this episode we discuss Imperial Brands, Unite Group, Barratt Redrow, ASML, Tesco & Taiwan Semiconductor Manufacturing Co $imb $utg $btrw $asml $tsco $tsm#imb #utg #btrw #asml #tsco #tsm
Arranca una nueva edición de los Desayunos Informativos de Europa Press, una cita que llega a tus oídos gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, nuestra tribuna informativa ha contado con la participación de Michael McGrath, comisario europeo de Democracia, Justicia, Estado de Derecho y Protección de los Consumidores, quien ha compartido su visión sobre los principales retos institucionales y regulatorios que afronta actualmente la Unión Europea. Tras su intervención inicial, el comisario europeo ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este encuentro. La bienvenida institucional y apertura del acto han sido realizadas por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. El comisario europeo de Justicia, tras el choque Gobierno-Peinado: "La separación de poderes es importante" Bruselas insiste en la reforma para que sean los propios jueces quienes elijan a los miembros del CGPJ Comisario de Justicia reconoce dificultades en relaciones con EEUU y pide cumplir leyes digitales europeas El comisario europeo de Justicia avisa de los riesgos de las redes sociales en menores: "Deben estar protegidos" Bruselas defiende eliminar barreras en la UE para que las empresas crezcan y compitan a nivel global
Die Top-Meldungen am 23. März 2026: Danone übernimmt Huel. Verkauf des deutschen Werks von Imperial Brands gescheitert. Hornbach Holding schafft eigene Jahresprognose.
Celebramos una nueva cita en los Desayunos Informativos de Europa Press, gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, nuestra tribuna informativa ha contado con la participación de Sara Aagesen, vicepresidenta tercera del Gobierno y ministra para la Transición Ecológica y el Reto Demográfico, quien ha abordado los principales desafíos y líneas de actuación del Ejecutivo en materia de transición energética, sostenibilidad y equilibrio territorial. Tras su intervención inicial, la vicepresidenta ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este Desayuno Informativo. La bienvenida institucional y presentación del encuentro han sido realizadas por la consejera directora de Europa Press, Candelas Martín de Cabiedes. Aagesen apuesta por "la fuerza de la ley" y no por "la ley de la fuerza" y por un mundo "basado en reglas" Aagesen reclama consenso para el Pacto frente a la Emergencia Climática: "No entiende de ideologías" Aagesen confirma que "con toda seguridad" van a aparecer tierras raras en España: "Tenemos materias primas estratégicas"
The topics, stocks and shares mentions / discussed include:Long-term winning investing compounders for every investorHalma / HLMAWaste Management Inc / WMRotork / RORRentokil Initial / RTOCentral Asia Metals / CAMLJudges Scientific / JDGImperial Brands / IMBBritish American Tobacco / BATSFTSE 100 / Market VolatilityDividendsInvesting psychologyConsistency of cash flow & profitabilityOxford Science Enterprises / Venture CapitalLondon Stock Exchange / LSEG / Private Securities Market (PSM) LSEG's Pisces (Private Intermittent Securities and Capital Exchange System)Compounding investmentsWarren BuffettFinancial EducationThe Twin Petes Investing 2026 Charity Just Giving Fundraising page in honour of Mark Bentley. PLEASE donate whatever you can to support The Financial Times, Financial Literacy & Inclusion Campaign via the link TWINPETES INVESTING PODCAST / PETER HIGGINS is fundraising for FT FINANCIAL LITERACY AND INCLUSION CAMPAIGN& moreShareScope ShareScope landing page special discount offer code : TwinPetesInvestors' Chronicle sponsor Special Trial Offers (investorschronicle.co.uk) the TwinPetesInvesting ChallengeHenry Viola-Heir's blog Home – The Ethical EntrepreneurPowder Monkey Brewing Co All Products – Powder Monkey Brewing Co 10% discount code : TWINPETESThe Twin Petes Investing podcasts will be linked to and written about on the Conkers3 website , on the Sharescope website and also on available via your favourite podcast and social media platforms. Thank you for reading this article and listening to this podcast, we hope you enjoyed it. Please share this article with others that you know will find it of interest.
In the first week of February, the Bank of England held rates at 3.75% in a split 5-4 vote, with Governor, Andrew Bailey, stating a March cut was a “50-50 call”. Data shows actual business activity is healthy: the Services sector (54.0) and Manufacturing (51.8) are both well above the 50.0 neutral mark, indicating solid growth. The job market is also stabilising as hiring downturns ease. However, future confidence is low as surveys show CEOs prioritising "resilience over investment" due to political uncertainty, with 80% of firms pausing capital plans to weather the storm. The political instability is partly a consequence of the Peter Mandelson appointment controversy, which has put Prime Minister Keir Starmer's position in peril. Starmer ousted Chief of Staff Morgan McSweeney over the weekend to suppress opposition, yet Cabinet ministers are reportedly urging him to stand aside as Angela Rayner and Wes Streeting are preparing leadership challenges. This volatility is forcing a repricing of UK assets, pushing 10-year gilt yields to 4.54% and weighing on sterling. To stimulate growth, Chancellor Rachel Reeves is shifting policy toward stronger EU economic relations...Stocks featured:GSK, Imperial Brands and RELXTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
Dividende, Cash Flow, solides verständliches und langfristiges Geschäftsmodell: 46 Werte befinden sich im wikifolio "Qualitätsaktien aktiv" ( https://go.brn-ag.de/501 ) von Sebastian Steyer, Finanzcoach und Buchautor aus Radebeul auf dem Dresdner Börsentag. "Der größte Freund eines Anlegers ist die Zeit, wenn er in guten Aktien investiert ist." Unter den Qualitätswerten im Portfolio: TSMC Aktie (ADR), United Utilities, Imperial Brands, Deutsche Telekom, Amazon, Apple, Roche, E.ON und Microsoft. Sebastian Steyers mögliche "Turnaround"-Kandidaten für das Börsenjahr 2026: Allianz, Hannover Rück, Siemens und SAP. Sebastian Steyer: "Jetzt schon mit den Füßen scharren und eine erste Position aufbauen."
In der heutigen Folge sprechen die Finanzjournalisten Lea Oetjen und Holger Zschäpitz über Shutdown-Alarm in den USA, neue Zolldrohungen gegen Kanada und was sonst noch wichtig wird in dieser Woche. Außerdem geht es um Intel, Amazon, Volkswagen, ASML, SAP, Apple, Microsoft, Meta, Tesla, Ryanair, Stabilus, Steel Dynamics, Nucor, Ferrovial, Thales, Vinci, Eiffage, Fraport, Accenture, Wipro, Tata Consultancy, C3.ai, Palantir, Standard Chartered, Fujitsu, Cloudflare, CrowdStrike, Dell, Pinterest, Cognizant, Uber, Nasdaq, Qualcomm, Snowflake, Bank of America, Citi, IBM, Cisco, Krka, Ignitis, Shell, BP, HSBC, Diageo, Reckitt Benckiser, Rio Tinto, Imperial Brands, Sage Group, Unilever, Aviva, Phoenix Group, Legal & General, Vale, OPAP, National Bank of Greece, DBS Group, Oversea Chinese Banking Corporation, Singapore Exchange, Jardine Matheson, Invesco, Tokio Marine, CK Infrastructure, EUWAX Gold II (WKN: EWG2LD), VanEck Defense ETF (WKN: A3D9M1), iShares MSCI Canada ETF (WKN: A0YEDS), Xtrackers Euro Stoxx 50 ETF (WKN: DBX1ET), Amundi Stoxx Europe 600 ETF (WKN: LYX0Q0), Global X European Infrastructure Development ETF (WKN: A40E7B), SPDR MSCI Europe Industrials ETF (WKN: A1191T), iShares MSCI Saudi Arabia Capped ETF (WKN: A14ZV2) und Xtrackers MSCI EM Europe, Middle East & Africa ETF (WKN: DBX1EA). https://www.businessinsider.de/informationen/newsletter/alles-auf-aktien/ Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Der Börsen-Podcast Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html
Spare bei Gas & Strom: https://shorturl.at/kcEU7Instagram Dividente: https://www.instagram.com/dividente_officialInstagram Patrick Kirchberger: https://www.instagram.com/patrickkirchbergerPatreon Stephan: https://www.patreon.com/TechaktienSpotify Premium ab 2,60€ / Monat mit dem Code "GREAT": https://shorturl.at/aIxU4Instagram Stephan: https://www.instagram.com/techaktien/Twitter / X Stephan: https://x.com/Techaktien1YouTube Stephan: https://www.youtube.com/@TechaktienMax auf X: https://x.com/globalstockflshInstagram Max: https://www.instagram.com/global.stock.flash/Telegram Max: https://t.me/+rnYRa1QHgLZiM2Y6Aktien_Max auf X: https://x.com/aktien_maxAktien_Max YouTube: https://openyoutube.com/@aktien_max?si=7mX9r_U8dVD3XK_FJuri auf X: https://x.com/GREYxCAPITALPodcast Juri: https://open.spotify.com/show/6sEbxv14ZEGZtzhL2B1iLpWebseite Juri: https://grey-capital.com/Instagram Juri: https://www.instagram.com/greyxcapital/YouTube Juri: https://www.youtube.com/@GREYxCAPITAL(Werbung)Novo Nordisk 3,0%LVMH 2,0%Pernod Ricard 6,35%Imperial Brands 5,5%BAT 6,2%Sunrise Communications 8,00%Nestle 4,05%Roche 2,85%Novartis 3,07%Shell 4,07%Deutsche Post 3,86%Swisscom 3,75%Deutsche Telekom 3,52%Strabag 2,72%Vonovia 4,82%BASF 5,01%Puma 2,8%Hannover Rück 3,62%Münchener Rück 3,8%Allianz 4,00%BP 5,76%Podcast abonnieren damit der US-Dollar nicht weiter zum Euro abwertet.Alles nur subjektive Meinung, Unterhaltung und Satire.#Aktien #Techaktien #Aktie #Börse #Finanzen #Geld #ETF #BuyHighSellLow #ETFs #Trading #Aktientipp #Aktientipps #Aktienanalysen #Aktienanalyse #TradeRepublic #Scalable #Podcast #Dividende #Dividenden #Steuer #Steuern #Tesla #Starlink #Mobileye #Autonomesfahren #Waymo #Google #Alphabet
In this episode we discuss Sage Group, Imperial Brands, Big Yellow Group, British Land Co, PayPoint & Nvidia$sge $imb $byg $blnd $pay $nvda#sge #imb #byg #blnd #pay #nflx
Damos inicio a esta nueva edición de los Desayunos Informativos de Europa Press, gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, la tribuna informativa ha contado con la participación de Ernest Urtasun, ministro de Cultura, quien ha subido al estrado para abordar los principales retos del sector cultural en España y los ejes estratégicos del Ministerio. Tras su exposición inicial, el ministro ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este encuentro. La bienvenida institucional y la apertura del acto han sido realizadas por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. Urtasun muestra su preocupación ante un acuerdo entre PP y Vox en Valencia y alerta de obras censuradas y libros vetados Urtasun urge al PSOE a "desbloquear" la prórroga de 300.000 contratos de alquiler que reclama Sumar Urtasun irá "adelante" con la ILP 'No es mi cultura' pero admite la "importancia" de los toros en la historia de España
APAC stocks extended losses throughout the session following a similar lead from Wall Street, which had seen heavy losses on Monday. Overall newsflow in APAC hours was quiet, although tech stocks were among the laggards in the region.DXY traded flat for most of the session and eventually drifted lower before dipping under 99.50 despite quiet newsflow, but as haven FX (JPY and CHF) gained amid risk aversion. JGB futures saw limited movement at the short end while the long end continued to weaken, pushing the 20-year yield to its highest level since July 1999. Bitcoin saw deep losses and eventually fell under the USD 90,000 mark to levels last seen in April, whilst Ethereum fell under USD 3,000.European equity futures are indicative of a lower cash open, with the Euro Stoxx 50 future down 1.1% after cash closed 0.9% lower on Monday.Looking ahead, highlights include US ADP Weekly Estimate, US Factory Orders (Aug), US Durable Goods (Aug), and Japanese Trade Balance. Speakers include ECB's Elderson; BoE's Pill, Dhingra; Fed's Barr, Barkin. Earnings include Home Depot, Baidu, Medtronic, PDD; Imperial Brands, Diploma.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Damos inicio a esta nueva edición de los Desayunos Informativos de Europa Press, celebrada bajo el título España AV 350, y posible gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, nuestra tribuna informativa ha contado con la participación de Óscar Puente, ministro de Transportes y Movilidad Sostenible, quien ha expuesto los planes del Gobierno en materia de alta velocidad ferroviaria y movilidad sostenible. Tras su intervención inicial, el ministro ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este encuentro. La bienvenida institucional e inauguración del acto ha corrido a cargo del presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. Óscar Puente promete subir a 350 kilómetros por hora la velocidad de los trenes, sólo comparable a China Puente anuncia una nueva estación de alta velocidad en Parla para evitar entrar a Madrid si no es necesario Puente dice que "no es viable ni seguramente constitucional" obligar a Renfe al compromiso de 15 minutos Puente acusa al PP de "subvertir" el modelo aeroportuario español por "meter el dedo en el ojo" al Gobierno
The UK economy continued to show signs of strain this week as growth indicators stayed subdued and business confidence weakened. The construction Purchasing Managers' Index rose slightly to 46.2, though activity remained weak amid soft residential and civil engineering output. Business sentiment fell to a three-year low, weighed by tax and inflation concerns, while footfall and retail demand declined. Labour market data revealed slowing wage growth and rising candidate availability, reinforcing softer employment conditions. The Bank of England (“BoE”) warned of risks from stretched artificial intelligence-related (“AI”) valuations, while policymakers Catherine Mann and Huw Pill stressed the need for restrictive policy to ensure inflation returns to target...Stocks featured:IAG, Imperial Brands and Unite GroupTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
In this episode we discuss Imperial Brands, Card Factory, Greggs, DFS Furniture, Unite Group & World Chess$imb $card $grg $dfs $utg $chss#imb #card #grg #dfs #utg #chss
Damos inicio a esta nueva edición de los Desayunos Informativos de Europa Press, y lo hacemos gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, nuestra tribuna informativa ha recibido a Yolanda Díaz, vicepresidenta segunda del Gobierno y ministra de Trabajo y Economía Social. La ponente ha sido presentada por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes, quien ha dado la bienvenida a todos los asistentes. Tras su intervención inicial, la vicepresidenta ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas planteadas por los asistentes a este encuentro. Díaz anuncia la ampliación del permiso por fallecimiento hasta 10 días y nuevo permiso por cuidado paliativos Yolanda Díaz proclama que hay Gobierno progresista "para rato" y que ganarán las elecciones en 2027 Díaz anuncia que el registro de jornada saldrá hoy a consulta pública El registro horario estará en audiencia pública diez días y entrará en vigor 20 días después de ir al BOE
Te damos la bienvenida a una nueva edición de los Desayunos Informativos de Europa Press, gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, el protagonista de nuestro encuentro es Óscar López, ministro para la Transformación Digital y de la Función Pública, quien ha sido presentado por Rafael Simancas, secretario de Estado de Relaciones con las Cortes y Asuntos Constitucionales. Tras su exposición inicial desde nuestra tribuna informativa, el ministro ha mantenido un breve coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas formuladas por los asistentes a este Desayuno Informativo. La cita ha sido inaugurada por la consejera directora de Europa Press, Candelas Martín de Cabiedes, quien ha dado la bienvenida a todos los invitados. Óscar López dice sentir "orgullo" por las protestas en La Vuelta en Madrid ante una situación "insoportable" en Gaza Óscar López ofrece un "gran pacto" para acabar con la "dinámica estéril del insulto" y la desinformación en Madrid Óscar López reconoce que no es "fácil" sacar adelante unos nuevos PGE, pero se trabajará para ello
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Tobias Kramer wirft zum Monatsende einen Solo-Blick auf das Echtgeld.tv-Depot – und der hat es in sich! Vier spannende Aktien stehen im Fokus:
In this episode we discuss Imperial Brands, Auction Technology Group, Burberry, Sage, TUI & Upwork$imb $atg $brby $sge $tui1 $upwk#imb #atg #brby #sge #tui1 #upwk
CVS Pharmacy has agreed to acquire and operate 64 Rite Aid stores, British cigarette maker Imperial Brands has announced that CEO Stefan Bomhard will retire, and Kwik Trip with a “K” has the best gas station food in 2025
White House economic adviser Hassett said the administration has more than 20-25 deals on the table with deals close to being finalised and when President Trump returns, he will announce the next deal, according to a Fox interview.US President Trump said his relationship with China is good and he could see himself dealing with Chinese President Xi on a deal, according to a Fox News interview.US President Trump said the market will go higher and it is amazing what a climbing market will do.APAC stocks traded somewhat mixed but with the region predominantly in the green following the momentum from the constructive performance on Wall St.European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market closed with gains of 0.4% on Tuesday.Looking ahead, highlights include German/Spanish CPI (Final), OPEC MOMR, Speakers include BoE's Breeden, ECB's Cipollone, Fed's Waller, Jefferson & Daly, Supply from UK & Germany, Earnings from Cisco Systems, CoreWeave, Alcon, Imperial Brands, Burberry, Daimler Truck, Brenntag & Por.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
El Desayuno Informativo que te presentamos hoy en Europa Press tiene como protagonista al ministro para la Transformación Digital y de la Función Pública, Óscar López. Este encuentro ha sido posible gracias al patrocinio de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. El ministro invitado de este Desayuno Informativo, ha subido a la tribuna informativa para su exposición inicial al arranque del encuentro y seguidamente ha mantenido un breve coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas preguntas de los asistentes al encuentro. La presentación del encuentro y bienvenida a todos los invitados, ha sido realizada por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. López asegura que España "no quiere alimentar" una guerra comercial con EEUU pero responderá a los aranceles López vincula a los PGE el alza salarial pendiente de los funcionarios, pero insiste en que se pagará Óscar López no ha sido invitado al acto del Dos de Mayo y tacha de "política pueril" el veto de Ayuso al Gobierno
Damos inicio a esta nueva edición de los Desayunos Informativos de Europa Press y lo hacemos gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, tenemos el placer de ofrecerte un encuentro con la presidente de la Comunidad de Madrid, Isabel Díaz Ayuso. La ponente invitada de este encuentro, acude a nuestra tribuna informativa y tras su exposición inicial, ha mantenido un coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas de las preguntas planteadas por los asistentes a este Desayuno Informativo. El presidente ejecutivo de Europa Press, Asís Martín de Cabiedes, ha dado la bienvenida a todos los invitados y a continuación, tal como y como podemos escuchar, ha presentado a la protagonista del encuentro con una breve reseña curricular. Ayuso pide a Sánchez, "el galgo de Paiporta", ayudar y defiende el pacto de Mazón: "Yo pacté con Vox y aquí estamos" Ayuso carga contra el "régimen de terror" de Sánchez que se dedica a "humillar y desprestigiar" a adversarios políticos Ayuso destaca las "100 derrotas" de Sánchez en el Congreso donde solo aprueba leyes "ilegales" o "dañinas" para España
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En esta ocasión te ofrecemos una nueva edición de los Desayunos Informativos de Europa Press gracias al apoyo de nuestros patrocinadores: Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. La ponente protagonista de este encuentro es la ministra de Igualdad, Ana Redondo, quien ha sido presentada por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. Tras la exposición inicial en nuestra tribuna informativa, la ministra ha mantenido un breve coloquio con el director de nuestra agencia Javier García Vila, quien ha trasladado algunas de las preguntas de los asistentes a este Desayuno Informativo. Redondo defiende la constitucionalidad del acuerdo sobre migración: "Todas las CCAA son Estado" Redondo alerta de que la "ola reaccionaria" de Trump y Musk se "alimenta" de las redes sociales: "Me preocupa" Redondo reconoce una "enorme decepción" con Ábalos tras la investigación por la contratación de su exnovia
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Celebramos una nueva cita en los Desayunos Informativos de Europa Press, gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, te ofrecemos un encuentro con la vicepresidenta tercera del Gobierno y ministra para la Transición Ecológica y el Reto Demográfico, Sara Aagese. Tras la exposición inicial de nuestra invitada en la tribuna informativa, ha mantenido un breve coloquio con el director de Europa Press, Javier García Vila, quien ha trasladado algunas preguntas de los asistentes a esta cita. Este Desayuno Informativo, ha sido inaugurado por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes El Gobierno adjudica 1.214 millones a siete proyectos para impulsar los Valles del Hidrógeno Aagesen sobre las actuaciones ante eventos como la dana que pueden "volver a ocurrir": "Hay que alertar a tiempo" Aagesen asegura que la "primera" prioridad del Gobierno es el "relanzamiento" de las zonas afectadas por la dana
En esta jornada de los Desayunos Informativos de Europa Press, tenemos el placer de ofrecerte un encuentro con la ministra de Vivienda y Agenda Urbana, Isabel Rodríguez. Este evento ha sido posible gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Ibercaja, KPMG, Moeve, Telefónica y Veolia. Para la presentación de la ponente protagonista de este encuentro, contamos con la presencia de Beatriz Corredor, presidente de Redeia. Tras su ponencia inicial, la ministra mantendrá un breve coloquio con el director de Europa Press, Javier García Vila; quien trasladará algunas preguntas de los asistentes al encuentro. Inaugurando este Desayuno Informativo, podemos escuchar al presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. El Gobierno licitará este trimestre más de 1.600 viviendas públicas permanentes a través de la empresa estatal Rodríguez avanza que la vivienda social ha pasado del 2,5% al 3,4% del total, con 162.000 inmuebles más Rodríguez aboga por "menos Airbnb y más vivienda", tras los expedientes a grandes gestoras de pisos turísticos Rodríguez pide al PP una "tregua de Estado" en materia de vivienda para aumentar el parque público
Te damos la bienvenida a una nueva edición de los Desayuno Informativos de Europa Press gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. El ponente protagonista de este Desayuno Informativo es el ministro de Asuntos Exteriores, UE y Cooperación, José Manuel Albares. En primer lugar, escucharemos la exposición inicial del invitado de hoy en nuestra tribuna informativa y a continuación charlará con el director de Europa Press, Javier García Vila, quien trasladará algunas cuestiones planteadas por los asistentes a este Desayuno Informativo. La bienvenida e inauguración del encuentro, ha sido realizada por Asís Martín de Cabiedes, presidente ejecutivo de Europa Press. Albares subraya que la UE tiene la "determinación" y los "instrumentos" para "protegerse" de los aranceles de Trump Albares, sobre las críticas en el nombramiento de embajadores: se elige a los mejores y quien cesa no se va a la calle Albares anuncia el premio Isabel Oyarzábal para reconocer a mujeres líderes en diplomacia
Comenzamos un nuevo capítulo de los Desayunos Informativos de Europa Press y lo hacemos gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, visita nuestra tribuna informativa el ministro de Industria y Turismo, Jordi Hereu. A continuación, escucharemos su exposición inicial y seguidamente charlará con el director de Europa Press, Javier García Vila, quien trasladará algunas preguntas de los asistentes a esta cita. Asís Martín de Cabiedes, presidente ejecutivo de Europa Press, ha realizado la inauguración del encuentro y la bienvenida a todos los invitados al encuentro. Hereu pide a la política "visión de país" para que haya un "gran pacto" con la nueva Ley de Industria Hereu recomienda a Ryanair no equivocarse "con quien tiene delante" y le pide que apueste por la red de Aena Hereu destaca la importancia del Perte Agroalimentario ya que tiene "mucho" impacto territorial
Te presentamos una nueva entrega de los Desayunos Informativos de Europa Press gracias al apoyo de Imperial Brands, Endesa, Fujitsu, Fundación Ibercaja, KPMG, Moeve, Telefónica y Veolia. En esta ocasión, acogemos un encuentro con la vicepresidenta segunda y ministra de Trabajo y Economía Social, Yolanda Díaz. Tras la presentación del encuentro y la exposición inicial de la ponente invitada de hoy en nuestra tribuna informativa, mantendrá un breve coloquio con el director de Europa Press, Javier García Vila, quien trasladará algunas preguntas de los asistentes a esta cita. La inauguración del Desayuno Informativo y bienvenida a todos los asistentes ha sido realizada por el presidente ejecutivo de Europa Press, Asís Martín de Cabiedes. Díaz quiere que el Consejo de Ministros apruebe este martes el mismo decreto 'ómnibus' Yolanda Díaz defiende reeditar una candidatura de unidad y apela a Podemos: "Quien no quiera estar que lo explique" Díaz propone un término medio entre la propuesta de los sindicatos y la CEOE para subir el SMI en 2025
The FMCG Guys will be back next week with an all-new episode to kick off 2025! In this episode from 2023, Paola Pocci, President Africa, AsiaMEA, Australia and CEE and Member of Imperial Brands' Executive Team, joined Daniel and new co-host Christine Nikolaou to share her global experience across markets, functions and categories. Tune in or watch on Youtube to learn about: Paola's Career background Transitioning to Imperial Brands after 22 years at P&G Advocacy Marketing & the changes happening in tobacco Challenges for women to reach the C-Level and promoting diversity in her organization Leading and making change through Strategy & Execution
In this episode we discuss JD Sports, Airtel Africa, Imperial Brands, Pershing Square, Direct Line & Workday $jd. $aaf $imb $psh $dlg $wday
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In this new episode in the "Making Better Supply Chain Bets with the Power of Probabilities" series with Noodle.ai, hosts Scott Luton and Greg White are joined by the CRO of Noodle.ai, Tim Krug, and the End-to-End Planning and Support Director with Imperial Brands, Remi Guillon.Join us as they delve into the transformative story of a fast-moving consumer goods company, highlighting the adoption of innovative planning approaches through the lens of artificial intelligence. Listen in and learn more about:Probabilistic supply chain planning and the future of AI-driven decision-makingThe human element in supply chain transformation and the cultural aspects and leadership role in embracing technologyThe significance of trust between partners and what it takes to create unbiased forecastsThe importance of data cleanliness, change management, and acting with integrityAdditional Links & Resources:Learn more about Noodle.ai: www.Noodle.aiLearn more about Supply Chain Now: https://supplychainnow.comWEBINAR- AI-based forecast automation dreams do come true at Danone: https://bit.ly/3RRcMRjWEBINAR- Inflation & SMBs: Unlocking Cash Tied up in Inventory: https://bit.ly/48BIUzNWEBINAR- Achieving the Next-Gen Control Tower in 2024: Lessons Learned from the High-Tech Industry: https://bit.ly/3Syzrn1WEBINAR- Data-Driven Decision Making in Logistics: https://bit.ly/49lt102This episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/navigating-ai-frontier-demand-planning-imperial-brands-1231
A series of social media ads threatening that local dairies could close are the work of tobacco companies. The Save Our Stores campaign features dairy owners who warn rules coming in force in July 2024 will force thousands of stores to close. But Farah Hancock from our In Depth team says the website for the campaign was produced by tobacco companies British American Tobacco New Zealand and Imperial Brands. The companies told RNZ they are simply providing a platform for dairy owners to voice concerns. Otago University public health professor Janet Hoek spoke to Ingrid Hipkiss.
UK earnings head up the corporate list in the coming week with BT, Greggs, easyJet, Vodafone, and Imperial Brands amongst others, reporting. Then US retailers start to report include Home Depot and Walmart. Economic data includes the German ZEW economic sentiment for May, China and US retail sales, and UK jobs. IGTV's Jeremy Naylor looks across the schedule. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter, Instagram, and YouTube
Sweet, cheap, nicotine-fuelled vapes have kids addicted, and now doctors, retailers - and tobacco companies - want governments to act. Find out more about The Front podcast here and read about this story and more on The Australian's website or search for The Australian in your app store. This episode of The Front is presented by Claire Harvey, produced by Lia Tsamoglou, and edited by Tiffany Dimmack. The multimedia editor is Lia Tsamoglou, and original music composed by Jasper Leak.See omnystudio.com/listener for privacy information.
A tobacco company is arguing gangs have won with an anti-smoking bill passing its third reading. The law will reduce the amount of nicotine allowed in tobacco products, limit the number of retailers selling them, and ensure no-one born after January 2009 is allowed to buy them. But the world's fourth largest tabacco producer says fewer cigarettes being sold in store will put thousands of dairies out of business and increase the number of gangs selling them illicitly. Imperial Brands spokesperson John Mitchell spoke to Kim Hill.
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Wo Rauch ist, ist auch Dividende… und endlich steigen auch die Kurse der Tabak-Aktien wieder! Entsprechend gut gelaunt sind Tobias Kramer und Christian W. Röhl beim jährlichen „Buy & Hold & Check“ für die auf mittlerweile acht Unternehmen und auf knapp 35.000 Euro angewachsene Tabak-Position im echtgeld.tv Depot – wobei es einiges zu diskutieren gibt: Ist Swedish Match wirklich die knapp 18 Mrd. US-Dollar wert, die Philip Morris für die Übernahme des Snus-Spezialisten zahlt? Muss Altria nach den milliardenschweren Flop-Investments der letzten Jahre bald die Dividende kürzen? Wie kommen die Zigaretten-Multis bei der Umstellung auf rauchfreie Produkte voran? Und was ist in Zeiten steigender Zinsen mit den Schulden, die „Big Tobacco“ vor sich herschiebt? Und ja, es gibt viele gute Gründe, nicht in Tabak-Aktien zu investieren. Aber wer sich dennoch dazu entschließt, muss dieses Update hören!
What you'll learn in this podcast episode A code of conduct is your organization's character and culture written down. It articulates who you are, what you believe, and why you are in business. It also provides a reference for all stakeholders. A reference into what your organization values, and how you live those values. But how do you design and implement a code that communicates effectively? What does “good” look like when it comes to codes of conduct? In this episode of the Principled Podcast, host Jen Uner speaks with Senior E&C Advisor Jim Walton about LRN's new Code of Conduct Report, which presents a set of best practices in code design and implementation. Listen in as the two unpack the report's insights from nearly 150 codes of conduct deployed by companies around the world—including codes from 3M, General Motors, and Imperial Brands. Featured guest: Jim Walton Jim Walton is a member of LRN's Ethics & Compliance Advisory Services Team – with over 25 years of professional experience in corporate, institutional and government settings, spanning the fields of ethics and compliance; environment, health and safety; and energy management. Since 2002, Jim has been passionately dedicated to corporate ethics and compliance – designing, developing, implementing and enhancing constantly-evolving, comprehensive, best-in-class, global ethics and compliance programs. Jim has extensive experience in writing, producing and communicating codes of conduct and corporate policies; designing, managing and implementing ethics & compliance risk assessments; implementing anti-compliance and bribery initiatives; conducting third party due diligence reviews; and helping managers at all levels become better ethical leaders. Jim is a Certified Compliance and Ethics Professional. Featured Host: Jen Üner Jen Uner is the Strategic Communications Director for LRN, where she captains programs for both internal and external audiences. She has an insatiable curiosity and an overdeveloped sense of right and wrong which she challenges each day through her study of ethics, compliance, and the value of values-based behavior in corporate governance. Prior to joining LRN, Jen led marketing communications for innovative technology companies operating in Europe and the US, and for media and marketplaces in California. She has won recognition for her work in brand development and experiential design, earned placements in leading news publications, and hosted a closing bell ceremony of the NASDAQ in honor of the California fashion industry as founder of the LA Fashion Awards. Jen holds a B.A. degree from Claremont McKenna College. Transcription Intro: Welcome to The Principle Podcast, brought to you by LRN. The Principle Podcast brings together the collective wisdom on ethics, business and compliance, transformative stories of leadership, and inspiring workplace culture. Listen in to discover valuable strategies from our community of business leaders and workplace change-makers. Jen Uner: A code of conduct is your organization's character and culture written down. It articulates who you are, what you believe, and why you are in business. It also provides a reference for all stakeholders, a reference into what your organization values and how you live those values, and how you design and implement a code that communicates effectively. What does good look like when it comes to a code of conduct? Hello, and welcome to another episode of LRN's Principle Podcast. I'm your host, Jen Uner, Strategic Communications Director at LRN. Today I'm joined by my colleague, Jim Walton, Senior Ethics and Compliance Advisor at LRN, and resident expert on codes of conduct. We're going to be talking about LRN's new code of conduct excellence report, which is a work in process, and it presents a sort of best practices in code design and implementation. The report features insights from nearly 150 codes of conduct deployed by companies around the world. Jim is a real expert in this space and has played a vital role in developing LRN's point of view, and our view that codes are foundational to developing and managing ethical corporate cultures. Jim, thanks for coming on the Principle Podcast. Jim Walton: Thanks for having me, Jen. Jen Uner: To start out, I want to validate that codes of conduct is something that people come to us on a regular basis for, right, help in crafting and re-imaging a code of conduct, and you're instrumental in that process. You're meeting with companies on a regular basis to re-invent, re-imagine and even start the process of developing a code of conduct. Tell us first though why are codes so important? What do they accomplish for companies, and why is a good code of conduct something that really matters? Jim Walton: Absolutely. As you said at the beginning, the code of conduct, and this is something we feel very strongly about at LRN, that a code should be an organization's character and culture written down. So when you look at a code of conduct you should get a sense of who that company is, what's important to them, what are their values, and how they do business, how they go about interacting with their colleagues, with their customers, suppliers, and the world around them. The code of conduct is really the basic document that outlines that for all employees, so really helping to set the foundation for the ethical culture that everyone is trying to achieve. We've seen an evolution of codes. In the past they were very rules-oriented, and now we're moving into much more of a principles and values-based code of conduct. Jen Uner: Which is such a good idea I think as someone in communications. As a part of the process of creating the latest code of conduct excellence report you undertook with a team an assessment of codes by top firms, as I understand it, on four major stock exchanges. Tell us about this. Jim Walton: We wanted to expand our reach beyond the United States, to cover some of the major markets where ethics and compliance programs should be fairly mature. We expected this to yield a good cross-section of codes of conduct for the study. So we decided to pick the top 40 companies on the major stock exchanges in the following markets, the S&P in the US, the FTSE in the UK, the CAC in France, and the DAX in Germany. Out of a total of 160 companies we were able to find publicly available codes of conduct for 147 of them. Jen Uner: That's pretty impressive. Just a quick sidebar, codes of conduct are typically available publicly? If only a handful were not available, would you say that most people are publishing publicly? Jim Walton: Absolutely. And if you're publicly traded you really should have your code of conduct online. That would be a question that either the listing authority or the regulators who regulate securities in those jurisdictions might ask you about. Why is your code of conduct not publicly available? Jen Uner: Yeah. Yeah. I could see that. So as you were looking at these codes of conduct, what exactly were you looking for in terms of assessment? What dimensions mattered the most in this process? Jim Walton: We looked at what we called the eight dimensions of code effectiveness. These are tone from the top, purpose and value orientation, applicability and administration, speaking up, risk topics, knowledge reinforcement, usability, and look and feel. They're all important in determining whether a code of conduct would be considered best in class or not, so it's really the combination of these dimensions and how they work together that can make or break a code of conduct. If I had to pick the top three that are absolutely essential to get it right, I'd say purpose and values orientation, which is how closely and clearly the code is tied to the organization's primary purpose and shared values; risk topics, which is how does the code describe the specific behavioral expectations that make the values real and bring them to life on a daily basis; and usability. It's critical for a code of conduct to be a useful resource that helps employees make ethical decisions, do the right thing, and find the information they're looking for when it comes to ethics and compliance. Jen Uner: So it kind of sounds like there might be a weighting system going on as you assess these codes? Jim Walton: Absolutely. Our assessment framework was originally developed in 2015 by former in-house ethics and compliance practitioners, drawing on research and experience on what makes an effective code. Over the past seven years we've continuously updated the assessment criteria to reflect the latest research, regulatory guidance and experience in helping organizations re-invent their codes of conduct. Within each dimension there are a number of underlying criteria. Each will yield a score from one to five, with one being the worst and five being the best. As a result, we're able to produce an overall score for each code, as well as individual scores for each dimension. Jen Uner: One of the things that I like about this analysis and this scoring as I was getting familiar with the report is that you didn't just divide the results into even thirds. You really applied kind of an indicator of excellence on each of the dimensions. I think I saw that a minimum... Obviously with this process there's a minimum bar to hit to achieve a top rating, so the range, the way that I saw the data play out in what I was looking at, there were 17% that were ranked most effective, and the vast majority were effective, in the middle. I think it was like 50%, the remainder qualifying as less effective, which is how I would call excellent, serviceable, and needs work. What were the common markers of the most effective codes? How did these things shake out? Jim Walton: First of all, I love your characterization of excellent, serviceable, and needs work, because that really describes it really well, about how, you know, it wasn't just looking at the top third, the middle third, and the bottom third. We wanted to be fair. We'd love every code to have a score of five on every dimension, or at least a four across all dimensions, but that's just not realistic. So even with all of the progress that's been made with codes of conduct over the past five or ten years within the ethics and compliance space there's still a lot of work to do, and the bar just keeps being raised all the time. So we decided that codes with an overall score higher than 3.5 would be categorized as more effective, or excellent, as you've said. Codes that score between 2.5 and 3.5, we consider those to be in the middle range, or effective, so it meets the basic needs. Nobody is going to get in trouble for missing something really important. Then finally the codes that are below 2.5 are considered less effective and need work, and sometimes a lot of work. So the fact that exactly half of all the codes we evaluated fell in the middle, or effective or serviceable category, really indicates that many companies understand the need for a code, and they also understand the basic standards and expectations around codes. On the other hand, the fact that one-third of the codes fell into the lowest category, and less than one-fifth were considered more effective in the top category, that suggests that there is significant room for improvement across the largest companies in France, Germany, the UK and the US. Jen Uner: In taking a bit of a look at some of these results, was there anything that jumped out at you in terms of... You know, where is everybody tending to do well, like on which dimension, or which region is maybe out-performing the others? Jim Walton: Yeah, that's a good question. The dimension that really scored the best overall was in tone from the top, so that's really good. That just tells me that... And that was about 50%. That tells me that people really get that. That's something that we've been hearing about for a long time now, and really having that strong support from the top is really essential. If you don't have that, then it's very difficult to create a strong culture of ethics and compliance. The other area, and I was pleased to see this, was in terms of usability. Just about half or just under half landed in the top category for usability, so this is really encouraging, because I think it shows that there's a recognition that codes are supposed to be a useful resource and it's supposed to help guide employees in making ethical decisions, doing the right thing, and finding the information that they need. On the other hand, the knowledge reinforcement was the dimension... Only 9% of the codes fell in the highest category for knowledge reinforcement, and this is a huge opportunity, because what we really want to do with a code of conduct is enhance the understanding of the concepts that are outlined in the code. We do this through the use of real-life scenarios as well as links to related policies, so people can get more detail on a specific topic area, linking it to training, videos, and other types of resources. So there's just a very big opportunity in that area and it's a really critical area. Jen Uner: It sounds like to improve knowledge reinforcement, it's really about providing additional resources that support the code? Jim Walton: Absolutely, and making them really... Really integrating them in the codes so people don't have to go anywhere else. If you're going about your job, you see something that doesn't look right, you say, "Oh, is that harassment or is that fraud? Let me go take a look at the code." You pull up the code, you quickly find the section that talks about that topic area. Maybe you need more information. You click on a link. You get a video that talks more about the topic, maybe additional training, and then in the end you're like, "Oh, I think we've got a problem. Let me click on the speak uplink," and you can make a report or an inquiry about that topic area. Jen Uner: Yeah. So accessibility is actually a really important piece of this? Jim Walton: Absolutely, so making it available to people regardless of whether they have access to a laptop or a mobile phone, or in cases where you have offline employees, making the code available to them quickly in kiosks or terminals, or even giving people access to tablets and iPads and things like that. Jen Uner: Yeah, my phone. The phone is a device that I walk around with all the time. It's my external brain. Put the code there. Jim Walton: Absolutely. Jen Uner: So I've got to ask, you were looking at publicly traded companies, right, publicly available codes? Which codes... If I wanted to go see an example of something good, who should I be looking at? What are some of the companies that landed at the top of the heap? Jim Walton: Great question. Out of this group I'd say the best codes that we saw came from General Motors, Imperial Brands and 3M, so two from the S&P and one from the FTSE. The first thing, you pull these codes up... And they're all available on the websites, the external websites of these companies. The first thing that makes these codes stand out is their visual appeal. They really reflect each of these companies' business brand, heritage, culture. You really get a sense of who they are. In the case of 3M and General Motors, and even Imperial Brands, you may be familiar with some of those brands, so the code would look very familiar. Right up front they also talk about how the code helps the organization fulfill its purpose, so what's the reason why we get up in the morning and come to work, how do we enhance people lives, make the world a better place, and lining up with the core values of the company. Then finally they're very readable and usable, so they're easy to navigate and move around in, find information, and the information is presented in a way that's understandable and digestible for the reader. They're really fantastic examples. Jen Uner: That's great. I'm sure I'm going to be able to find those links and post them to the show notes for this podcast. So those are again large publicly traded companies. Let's say though I'm an entrepreneur or, better, I'm a venture capitalist, and I'm about to invest in a great kernel of a firm and help it scale up. I can see a big market opportunity for this new business venture. Let's just say I'm one of those VCs who truly understands the value of stakeholder capitalism and I've read the LRN benchmark of cultural report that tells me the most ethical companies outperform their peers by up to 40% across key business dimensions like employee loyalty and customer satisfaction and innovation and growth. At what point do I, as a leader in a company like this, need to make sure my company is developing a strong code of conduct? Jim Walton: That's a really good question, Jen. In working with dozens of companies to help them reinvent their codes of conduct over the years and in evaluating hundreds of codes along the way, we're finding that the size of the company does not always determine the maturity level of either their current code or their desire have a state-of-the-art code. We've seen large companies with really underwhelming codes and smaller ones with great ones. But I will say for the situation you described, the place to really start is with the purpose and values. So really figure out what those are. Articulate them very clearly to everyone, because that's going to go a long way towards building the culture of ethics and compliance that everyone desires. Once you've communicated those values and people really understand what they are and how to apply them, the next step would be to create a values-based ethical decision-making framework and add that to... Let's say this is a code, but the code is growing. So it may start out at a few pages, and then each iteration just gets a little bit longer. So the next thing is this framework to help people make those ethical decisions and make sure that it's based on the values. At the same time, it's important to make sure that the code describes the speak-up culture, in which people are encouraged to speak up and ask questions and raise concerns. This means making sure you've got all the right mechanisms in place to facilitate the speaking up, and also, importantly, equipping managers with the tools that they need to listen and to deal effectively with the concerns raised by their teams. I think those are the places to start. Then you can add more detail to each of those areas and bring in more of the risk topics as you move forward. Jen Uner: That makes sense. Start with the big picture and then get more and more granular. I think that makes total sense. Jim, it has been such a pleasure speaking with you today about great codes of conduct and the forthcoming report, the code of conduct excellence report. I'm looking forward to that release. I think we're slated for June with that, if I'm not mistaken? Jim Walton: I think that's right. Jen Uner: Yeah. And it's going to be available for free with registration at LRN.com. I also want to say as a part of this campaign I'm looking forward to listening to you actually host an episode of The Principle Podcast with one of our client partners, talking about code reinvention. I think that's going to be actually another really great episode on this topic. Jim Walton: I'm looking forward to that as well. Jen Uner: Jim Walton, thank you again for joining me on this episode of The Principle Podcast. My name is Jen Uner, and I wanted to thank you all for listening to The Principle Podcast by LRN. Outro: We hope you enjoyed this episode. The Principle Podcast is brought to you by LRN. Out LRN our mission is to inspire principle performance in global organizations by helping them foster winning ethical cultures, rooted and sustainable values. Please visit us at LRN.com to learn more, and if you enjoyed this episode subscribe to our podcast on Apple Podcasts, Stitcher, Google Podcasts, or wherever you listen, and don't forget to leave us a review.