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Hanson Plc
Heidelberg Materials UK is a British-based building materials company, headquartered in Maidenhead. Previously known as Hanson UK, the company has been a subsidiary of the German company HeidelbergCement since August 2007, and was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index. Originally trading as ''Wiles Group''; the company was transformed into ''Hanson Trust Ltd'' by James Hanson and Gordon White in 1964. Over a thirty year period, Hanson pursued a principal strategy of raising shareholder value through a series of acquisitions. Several large businesses were purchased throughout the 1980s, such as the United Drapery Stores in 1983, Imperial Tobacco in 1986 and Kidde in 1987. Some of these acquisitions drew criticism and opposition. During 1991, Hanson Plc attempted its largest-yet acquisition of Imperial Chemical Industries (ICI), but this was hotly contested and ultimately unsuccessful. By the start of the 1990s, Hanson Plc had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kidde
Kidde () is an American multinational company that manufactures and distributes fire detection and suppression equipment, as well as smoke and CO alarm units. Kidde is one of America's largest manufacturers of smoke alarms and fire safety products. Kidde is headquartered in Mebane, North Carolina, and it has been part of Kidde Global Solutions since December 2024. History The company was founded by Walter Kidde in 1917 in the United States. The founder was of Czech ancestry. 1900s Walter Kidde founded Kidde Inc. in 1917 with $300 he had in savings. In 1918 the company, then known as Walter Kidde & Company, purchased the rights to the "Rich" system; a way to detect fires on board ships. 1920s In 1923, Kidde purchased the patent rights for a siphon device that allowed quick release of carbon dioxide, improving the function of fire extinguishers. In 1924, the company produced the first portable carbon dioxide fire extinguisher and in 1925 it installed the first built in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allders
Allders was an independent department store operating in the United Kingdom. The original store was established in 1862 in Croydon by Joshua Allder. In the second half of the 20th century, this parent store was developed into a chain of department stores across England and Wales. By the turn of the millennium, the flagship store in Croydon was the third-largest department store in the United Kingdom. The chain was broken up and sold after it went into administration in 2005, although the Croydon store continued trading until 2012, having been purchased by Harold Tillman, the then-owner of the Jaeger clothing company. On 17 January 2013, the company closed the store along with the website, and the brand ceased to exist. In 2018 the brand relaunched with a department store in the former Co-op Department Store in the Paisley Centre in Paisley, Renfrewshire, but this closed in 2021. Joshua Allder Allders was opened in 1862 at 102 and 103 North End, Croydon, as a "linen draper and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Shops
Richard Shops was a British high street retailer of women's fashion. History Richard Shops was founded in 1936 by John Sofio, who modelled the business on the US company Lerner Brothers. The company was bankrupt by 1941 and was purchased by Charles Clore for £45,000, who subsequently expanded the business before selling it on for £800,000 in 1949 to United Drapery Stores. Richards was managed by Rudy Weil until his retirement in the mid-1970s. From the 1960s to the 1990s, an expansion of the number of stores saw it as a ubiquitous part of almost every British high street and shopping centre, selling fashion clothing designed to appeal to young women. In the 1970s a hugely popular television advertisement began to appear with a memorable jingle, also used for radio advertisements on Capital Radio. In 1983 UDS was sold to Hanson plc. Hanson started selling off parts of UDS to pay for its purchase. Fellow UDS bedfellow John Collier (retailer), John Collier was purchased in a man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Collier (retailer)
John Collier was a British chain of shops selling men's clothes. Founded in Leeds, West Yorkshire in 1907 by Henry Price, the chain expanded to over 400 stores across the country, most of which traded under the Fifty Shilling Tailors brand. In 1953, the company was sold to UDS, which renamed it John Collier. It continued to trade within the UDS empire until 1983 when UDS was sold to Hanson plc. In order to recoup the cost of the purchase Hanson sold on a number of UDS assets, including John Collier, for £47.5 million to a management buy-out team. In 1985 the company was sold on to the Burton Group, but the brand was discontinued and no longer exists today. On 17 December 1975, the Prince of Wales visited for the formal opening of the head office extension. The huge complex in Kirkstall Road, Leeds, had two factories, No. 1 factory and No. 2 factory, in Evanston Avenue. This is now occupied by the Cardigan Fields Leisure and Entertainment complex. There were other factories in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopolies And Mergers Commission
The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under UK competition law, competition law in the United Kingdom. It was a competition regulator under the Department for Business, Innovation and Skills (BIS). It was tasked with ensuring healthy competition between companies in the UK for the ultimate benefit of consumers and the economy. The Competition Commission replaced the Monopolies and Mergers Commission on 1 April 1999. It was created by the Competition Act 1998, although the majority of its powers were governed by the Enterprise Act 2002. The Enterprise Act 2002 gave the Competition Commission wider powers and greater independence than the MMC had previously, so that it could make decisions on inquiries rather than giving recommendations to Government, and was also responsible for taking appropriate actions and measures (known as remedies) following inquiries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013), was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1975 to 1990. She was the List of prime ministers of the United Kingdom by length of tenure, longest-serving British prime minister of the 20th century and the first woman to hold the position. As prime minister, she implemented policies that came to be known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist before becoming a Barristers in England and Wales, barrister. She was List of MPs elected in the 1959 United Kingdom general election, elected Member of Parliament for Finchley (UK Parliament constituency), Finc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Peer
In the United Kingdom, life peers are appointed members of the peerage whose titles cannot be inherited, in contrast to hereditary peers. Life peers are appointed by the monarch on the advice of the prime minister. With the exception of the Dukedom of Edinburgh awarded for life to Prince Edward in 2023, all life peerages conferred since 2009 have been created under the Life Peerages Act 1958 with the rank of baron, and entitle their holders to sit and vote in the House of Lords so long as they meet qualifications such as age and citizenship. The legitimate children of a life peer appointed under the Life Peerages Act 1958 are entitled to style themselves with the prefix "The Honourable", although they cannot inherit the peerage. Prior to 2009, life peers of baronial rank could also be created under the Appellate Jurisdiction Act 1876 for senior judges, referred to as Law Lords, with functions then taken over by the new Supreme Court. Before 1887 The Crown, as '' foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party (UK)
The Conservative and Unionist Party, commonly the Conservative Party and colloquially known as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. The party sits on the Centre-right politics, centre-right to Right-wing politics, right-wing of the Left–right political spectrum, left-right political spectrum. Following its defeat by Labour at the 2024 United Kingdom general election, 2024 general election it is currently the second-largest party by the number of votes cast and number of seats in the House of Commons of the United Kingdom, House of Commons; as such it has the formal parliamentary role of His Majesty's Most Loyal Opposition. It encompasses various ideological factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites and Traditionalist conservatism, traditionalist conservatives. There have been 20 Conservative Prime Minister of the United Kingdom, prime minis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Stripping
Asset stripping refers to selling off a company's assets to improve returns for equity investors, often a financial investor, a "corporate raider", who takes over another company and then auctions off the acquired company's assets. The term is generally used in a pejorative sense as such activity is not considered helpful to the company. The proceeds of the sale of assets may be used to lower the company's net debt. Alternatively, they may be used to pay a dividend to equityholders, leaving the company with lower net worth – i.e. the same level of debt but fewer assets (and weaker earnings) to support that debt. With a lower level of assets, some argue that the business is rendered less financially stable or viable. For example, the sale-and-leaseback of a building would lead to an increased rental bill for the company. Asset stripping is a highly controversial topic within the financial world. The benefits of asset stripping generally go to the corporate raiders, who can sla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redundancy In United Kingdom Law
Redundancy in United Kingdom law concerns the rights of employees if they are dismissed for economic reasons in UK labour law. Definition of redundancy Section 139 of the Employment Rights Act 1996 defines the two situations in which a redundancy may occur: (a) the fact that his employer has ceased or intends to cease— :(i) to carry on the business for the purposes of which the employee was employed by him, or :(ii) to carry on that business in the place where the employee was so employed, or (b) the fact that the requirements of that business— :(i) for employees to carry out work of a particular kind, or :(ii) for employees to carry out work of a particular kind in the place where the employee was employed by the employer, have ceased or diminished or are expected to cease or diminish. Diminishing of work While the first case envisages situations where an employer simply closes his business, the second scenario has caused trouble in its interpretation. *'' Safeway S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millennium Chemicals
Millennium Inorganic Chemicals is a Hunt Valley, Maryland based chemical company. The business was established in 1985. It was a subsidiary of British conglomerate Hanson plc at one time, but was demerged on 1 October 1996, when it became an independent listed company. It was taken over by Cristal Chemical Company in 2007, but continues to exist as a wholly owned subsidiary and trading name of Cristal. Millennium Inorganic Chemicals (MIC) is the world’s second-largest producer of titanium dioxide and a leading producer of titanium chemicals. Cristal and MIC operate eight manufacturing plants in six countries and employ more than 3,500 people worldwide. Manufacturing sites are in Baltimore, Maryland; Ashtabula, Ohio; Salvador, Brazil; Stallingborough, United Kingdom; Thann, France; Yanbu, Saudi Arabia; and Australind, Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
