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Railtrack
Railtrack was a group of companies that owned the railroad, track, railway signalling, signalling, tunnels, bridges, level crossings and all but a handful of the railway station, stations of the Transport in England#Rail, British railway system from 1994 until 2002. It was created as part of the privatisation of British Rail, listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index. In 2002, after experiencing major financial difficulty, most of Railtrack's operations were transferred to the state-controlled non-profit company Network Rail. The remainder of Railtrack was renamed RT Group plc and eventually dissolved on 22 June 2010. History Background and founding During the early 1990s, the Conservative Party (UK), Conservative Party decided to pursue the privatisation of British Rail, privatisation of Britain's nationalisation, nationalised railway operator British Rail. A white paper released in July 1992 had called for a publicly-owned company to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Network Rail
Network Rail Limited is the owner (via its subsidiary Network Rail Infrastructure Limited, which was known as Railtrack plc before 2002) and railway infrastructure manager, infrastructure manager of most of the railway network in Great Britain. Network Rail is a non-departmental public body of the Department for Transport with no shareholders, which reinvests its income in the railways. Network Rail's main customers are the private train operating company, train operating companies (TOCs), responsible for passenger transport, and freight operating company, freight operating companies (FOCs), who provide train services on the infrastructure that the company owns and maintains. Since 1 September 2014, Network Rail has been classified as a "public sector body". To cope with history of rail transport in Great Britain 1995 to date, rapidly increasing passenger numbers, () Network Rail has been undertaking a £38 billion History of rail transport in Great Britain 1995 to date#Timelin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatisation Of British Rail
The privatisation of British Rail was the process by which ownership and operation of the Rail transport in Great Britain, railways of Great Britain passed from government control into private hands. Begun in 1994, the process was largely completed by 1997. The deregulation of the industry was in part motivated by the enactment of EU Directive 91/440 in 1991, which aimed to create a more efficient railway network by creating greater competition. British Railways (BR) had been in state ownership since 1948, under the control of the British Railways Board (BRB). Under the Conservative Party (UK), Conservative government of Margaret Thatcher elected in 1979, various state-owned businesses were gradually sold off, including various auxiliary and supporting functions related to the railways – Sealink ferries and British Transport Hotels by 1984, Travellers Fare catering by 1988 and British Rail Engineering Limited (train manufacturing) by 1989. It was under Thatcher's successor Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerald Corbett
Gerald Michael Nolan Corbett (born 7 September 1951) is a retired businessman who was the chairman of the Marylebone Cricket Club (MCC) between 2015-2021. Over his career he has been a director of thirteen public companies, seven of which he has chaired. He was chairman of Segro plc, the FTSE 100 international industrial property logistics group between 2016-22. He chaired Britvic plc for 12 years until September 2017. As chairman he led the flotation of Britvic in 2005. He was chairman of Betfair between 2012 and 2016 when Betfair merged with Paddy Power to create Paddy Power Betfair. He had an executive career which covered many years as a finance director (he was one of the longest serving members of the 100 Group of FTSE Finance Directors) prior to his spell as chief executive of Railtrack, part of the Conservative Government's railway privatisation. Early career Corbett attended Tonbridge School, before studying history at Cambridge University, where he was a foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in January 1963, when it was formally renamed the British Railways Board. British Railways was formed on 1 January 1948 as a result of the Transport Act 1947, which nationalised the Big Four British railway companies along with some other (but not all) smaller railways. Profitability of the railways became a pressing concern during the 1950s, leading to multiple efforts to bolster performance, including some line closures. The 1955 Modernisation Plan formally directed a process of dieselisation and electrification to take place; accordingly, steam locomotives had been entirely replaced by diesel and electric traction (except for the narrow-gauge Vale of Rheidol Railway tourist lin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passenger Rail Franchising In Great Britain
Passenger rail franchising in Great Britain was the system of contracting the operation of the passenger rail, passenger services on the Rail transport in Great Britain, railways of Great Britain to private companies, which was in effect from 1996 before being greatly altered in 2020, and effectively abolished in May 2021. In 2024 rail franchising was formally abolished, with rail contracts set to enter government control at the expiration of their contracts from 2025 onwards. The system was created as part of the privatisation of British Rail, the former state-owned railway operator, and involved franchises being awarded by the government to train operating company, train operating companies (TOCs) through a process of competitive tendering. Franchises usually lasted for a minimum of seven years and covered a defined geographic area or service type; by design, franchises were not awarded on an exclusive basis, and day-to-day competition with other franchises and open access ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FTSE 100 Index
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on the London Stock Exchange. History The index started on 3 January 1984, having been constructed by the London Stock Exchange to better reflect activity on the market. The index would replace the Financial Times' own FT 30 after its public unveiling on 14 February. As late as 10 February, the Stock Exchange referred to the index as 'SE 100', cutting out the Financial Times who had not contributed to its construction. Recognition was ultimately given to the fact that having the FT involved in the official launch possessed value. The new index allowed the Stock Exchange's own London Traded Options Market (LTOM) to launch an options contract derived from the FTSE's real-time data in May 1984, while competitors LIFFE were quick to coinci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Horton (businessman)
Sir Robert Baynes Horton (18 August 1939 – 30 December 2011) was a British businessman. He was a director of the European Advisory Council and of Emerson Electric Company.''Who's Who 2008'' p.1123. He spent 30 years working for BP, formerly British Petroleum. He became Chief Executive and Chairman of the Board of BP in March 1990, but was forced out in 1992. Early life and education Sir Robert was the son of William Harold Horton and Dorothy Joan Horton (née Baynes). He was educated at King's School, Canterbury, University College, Dundee, then part of the University of St Andrews, but now the University of Dundee, and graduated the MIT Sloan School of Management as a Sloan Fellows in 1971. He was chairman of the Tate Gallery Foundation 1988-92 and Business in the Arts 1988-96. He was a Fellow of The Royal Society of Arts. He was chancellor of the University of Kent from 1990 to 1995, and a portrait of him hangs in the Senate Building there. He was also a Governor of Ki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Paper
A white paper is a report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. Since the 1990s, this type of document has proliferated in business. Today, a business-to-business (B2B) white paper falls under grey literature, more akin to a marketing presentation meant to persuade customers and partners, and promote a certain product or viewpoint. The term originated in the 1920s to mean a type of position paper or industry report published by a department of the UK government. Corporate and academic The most prolific publishers of white papers are corporate and academic organizations. In larger organizations, internal technical writers produce these documents based on the outlines and data an internal industry or academic expert develops and provides. White papers often follow strict industry styles and formats with a centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Her Majesty's Stationery Office
The Office of Public Sector Information (OPSI) is the body responsible for the operation of His Majesty's Stationery Office (HMSO) and of other public information services of the United Kingdom. The OPSI is part of the National Archives of the United Kingdom and is responsible for Crown copyright. The OPSI announced on 21 June 2006 that it was merging with the National Archives. The merger took place in October 2006. The OPSI continues to discharge its roles and responsibilities from within the structure of the National Archives. Controller of HMSO and Director of OPSI The Controller of HMSO is also the Director of OPSI. HMSO continues to operate from within the expanded remit of OPSI. The Controller of HMSO also holds the offices of Kings's Printer of Acts of Parliament, King's Printer for Scotland and Government Printer for Northern Ireland. By virtue of holding these offices OPSI publishes, through HMSO, the '' London Gazette'', '' Edinburgh Gazette'', '' Belfast Gazette ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
