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British And Commonwealth Holdings
British and Commonwealth Holdings plc was a financial services company which used to be a constituent of the FTSE 100 Index. History The Company was originally established in 1955 when Clan Line Steamers was merged with Union Castle to form The British & Commonwealth Shipping Company, a shipping business. Until 1987 its major shareholder was Caledonia Investments, which since 1951 has been controlled by Clan Line's founding Cayzer family. British & Commonwealth were the ultimate owners of British United Airways (BUA), Britain's largest wholly private, independent airline of the 1960s, as well as its subsidiaries and sister companies, including British United Air Ferries and British United Island Airways (BUIA). They were also a shareholder of Bristow Helicopters, at the time the UK's biggest helicopter company as well as one of the largest in the world,''High Risk: The Politics of the Air'', pp. 256/7 acquiring full control in 1985. In 1969 British and Commonwealth Shipping ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (insolvency)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the admi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ocean Group Plc
Ocean Group plc was a major British transport business. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index. History The company was founded by Alfred Holt and Philip Holt, as the ''Ocean Steamship Company'', to provide a steamship service known as the ''Blue Funnel Line'', between the United Kingdom and China. It was generally known as ''Holts'' and had a trademark blue funnel on its ships. For many years it used Swire Group as it shipping agents. In 1947 it formed Malayan Airways. It was first listed on the London Stock Exchange in 1965. In 1969, it joined forces with British & Commonwealth Holdings, Furness Withy, and P&O to form Overseas Containers Limited to exploit the introduction of containerization. In 1972, it acquired ''William Cory'', a major shipping agent, and the following year, it changed its name to ''Ocean Transport & Trading''. In 1986, it withdrew ''Overseas Containers Limited'' and in 1990 it renamed itself ''Ocean ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pounds Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and regu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic Computers
Atlantic Computers plc (also Atlantic Computer Systems plc) was a British computer lessor and technology services firm, set up in 1975, that collapsed in 1990. Its fall also brought down its parent company British and Commonwealth Holdings, a financial services firm which had acquired it for £434 million in 1988. The company leased computers systems using complex 'Flexlease' agreements, which allowed a lessee to update to a new lease after a three years or to cancel the lease after five years. These terms made Atlantic vulnerable to large liabilities incurred if invoked which were often not covered by the value of the equipment itself. During acquisition talks, Atlantic misrepresented its contingent liabilities and by the time of its collapse, had more than £550m in debt. While its American arm filed for Chapter 11 bankruptcy on 5 July 1990, the British firm had been placed in administration with PricewaterhouseCoopers on 18 April. The group employed around 1,400 people at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oppenheimer Holdings
Oppenheimer Holdings is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City. History Originally created as Oppenheimer & Company, Oppenheimer Holdings was founded in 1950 when a partnership was created to act as a broker-dealer and manage related financial services for large institutional clients. While the 1960s and 1970s was a time of great prosperity for the company, the origins of the firm trace back to 1881. After re-configuring operations in 1975, Oppenheimer & Co. formed three operating subsidiaries: * Oppenheimer & Co. Inc., a retail brokerage firm * Oppenheimer Capital Corporation, an institutional investment manager * Oppenheim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exco International
Exco International was a leading British money brokering company. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by British & Commonwealth Holdings in 1986. History The Company was established as a money brokering business in 1965 under the name of ''Astley & Pearce''. It subsequently merged with ''Godsell & Co'', another money brokering business. In 1978 it was the subject of a management buyout from ''Gerrard & National'' who previously owned it.Chairman is appointed at Exco International New York Times, 8 January 1987 It was first listed on the |
Gartmore Group
Gartmore Group Limited was a British-based investment management business. It was listed on the London Stock Exchange. History The Company was founded in 1969 by British & Commonwealth and acquired by Banque Indosuez in 1989.Gartmore: under new ownership Hedgefund Journal, June 2006 It was first listed on the in 1996. It was then bought by in 1996 and by |
Investment Management
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs. The term asset management is often used to refer to the management of investment funds, while the more generic term fund management may refer to all forms of institutional investment, as well as investment management for private investors. Investment managers who specialize in ''advisory'' or ''discretionary'' management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the context o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Island Airways
British Island Airways (BIA) was the legal successor to British United Island Airways (BUIA).''BIA looks at jets'', Air Transport , 1 April 1971, p. 444''The forgotten schedules?'', Air Transport, Flight International, 8 March 1973, p. 331 /ref> It commenced operations under that name in mid-1970. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caledonian Airways
Caledonian Airways was a wholly private, independentindependent from government-owned corporations British charter airline formed in April 1961. It began with a single 104-seat Douglas DC-7C leased from the Belgian flag carrier Sabena.''Flying to the sun – A history of Britain's holiday airlines: 10. Transatlantic service – Caledonian Airways'', Woodley, C., The History Press, Stroud, 2016, p. 147 Caledonian grew rapidly over the coming years to become the leading transatlantic " affinity group" charter operator by the end of the decade. During that period, passenger numbers grew from just 8,000 in 1961 to 800,000 in 1970. The latter represented 22.7% of all British non-scheduled passengers. It also became Britain's most consistently profitable and financially most secure independent airline of its era, never failing to make a profit in all its ten years of existence.''Fly me, I'm Freddie!'', p. 131 By the end of 1970, Caledonian operated an all- jet fleet consistin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
