|
Lender Option Borrower Option
Lender option borrower option or lender's option borrower's option (LOBO) is a long term borrowing instrument available in the United Kingdom. They involve periodic interest re-fixings, which incorporates two linked options:How Councils Blow Your Millions: Channel 4 UK '' Dispatches'' transmitted 6 July 201- News release/ref> * lender's option: option for the lender to set revised (usually higher) interest rates at predetermined interest reset dates such as annually. * borrower's option: linked option for the borrower (exercisable only if the lender's option is exercised) to pay the revised interest rate or to redeem the bond although that may involve exit fees. They are provided by banks and the loan contract runs for between 40 and 70 years. There is no regulatory body responsible for overseeing their use. Origins Public bodies are able to borrow money through government Public Works Loan Board (PWLB) loans, however borrowing from banks in the form of LOBOs were prevalent from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Channel 4
Channel 4 is a British free-to-air public broadcast television channel owned and operated by Channel Four Television Corporation. It is state-owned enterprise, publicly owned but, unlike the BBC, it receives no public funding and is funded entirely by its commercial activities, including Television advertisement, advertising. It began its transmission in 1982 and was established to provide a fourth television service in the United Kingdom. At the time, the only other channels were the television licence, licence-funded BBC1 and BBC2, and a single commercial broadcasting network, ITV (TV network), ITV. Originally a subsidiary of the Independent Broadcasting Authority (IBA), the station is now owned and operated by Channel Four Television Corporation, a public corporation of the Department for Culture, Media and Sport, which was established in 1990 and came into operation in 1993. Until 2010, Channel 4 did not broadcast in Wales, but many of its programmes were re-broadcast ther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newham London Borough Council
Newham London Borough Council also known as Newham Council, is the local authority for the London Borough of Newham in Greater London, England. It is a London borough council, one of 32 in London. The council has been under Labour majority control since 1971. It has been led by a directly elected mayor since 2002. The council meets at both Newham Town Hall in East Ham and at the Old Town Hall, Stratford, and has its main offices at 1000 Dockside Road, overlooking the Royal Albert Dock. History The London Borough of Newham and its council were created under the London Government Act 1963, with the first election held in 1964. For its first year the council acted as a shadow authority alongside the area's outgoing authorities, principally being the two councils of the county boroughs of East Ham and West Ham, but also the borough councils of Woolwich (in respect of the North Woolwich area) and Barking (in respect of the Gallions Reach area). The new council formally ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bolton News
''The Bolton News'' – formerly the ''Bolton Evening News'' – is a daily newspaper and news website covering the towns of Bolton and Bury, Greater Manchester, Bury in north-western England. Published each morning from Monday to Saturday and online every day, it is part of the Newsquest media group, a subsidiary of the U.S media giant Gannett Corporation, Gannett Inc. The current editor is Richard Duggan, who also oversees other titles in the North West of England. Briefly ''The Bolton News'' has an approximate circulation of 7,589.Hold The Front Page On 11 September 2006 the ''Bolton Evening News'' became ''The Bolton News'', which saw the newspaper being sold from the morning onwards. It considered several names, including ''Bolton Daily News'' and ''Bol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bolton Metropolitan Borough Council
Bolton Council, or Bolton Metropolitan Borough Council, is the local authority of the Metropolitan Borough of Bolton in Greater Manchester, England. It is a Metropolitan Borough Council and provides the majority of local government services in the Borough. The Council has been a member of the Greater Manchester Combined Authority since 2011. The Council has been under no overall control since 2019, and has been led by a Labour minority administration since 2023. It is based at Bolton Town Hall. History The town of Bolton had been incorporated as a Municipal Borough in 1838, governed by a body formally called the 'Mayor, Aldermen and Burgesses of the Borough of Bolton', generally known as the Corporation, Town Council or Borough Council. When elected County Councils were established in 1889, Bolton was considered large enough to provide its own county-level services, and so it became a County Borough, independent from the new Lancashire County Council, whilst remaining part of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge News
The ''Cambridge News'' (formerly the ''Cambridge Evening News'') is a British daily newspaper. Published each weekday and on Saturdays, it is distributed from its Milton base. In the period December 2010 – June 2011 it had an average daily circulation of 20,987, but by December 2016 this had fallen to around 13,000. In 2018, the circulation of the newspaper fell to 8,005 and by December 2024 the preceding 6-month average was 1,666. History The paper was founded by William Farrow Taylor as the ''Cambridge Daily News'' in 1888. The paper was later sold to the Iliffe family, who continued to turn the paper into a profit-making business under the new name of the ''Cambridge Evening News'', starting in 1969. In 2012, Local World acquired the title from Yattendon Group. Until 2002 the St Neots edition was titled ''St Neots Evening News'' and the Huntingdon & St Ives edition ''Huntingdon and St Ives Evening News'' for around three years, before reverting to their original name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siemens Financial Services
Siemens Financial Services GmbH (SFS) is a division of the German Siemens company that offers international financing in the business-to-business area. The company’s global headquarters is in Munich, Germany. SFS serves both Siemens and external clients, primarily in the energy, industry, healthcare and infrastructure & cities markets. The division finances infrastructure, equipment as well as working capital investments, and acts as a manager of financial risks within Siemens AG. The network of financing companies coordinated by ''Siemens Financial Services GmbH'' in Munich comprises about 3,150 employees worldwide. History The Siemens Group first bundled its financial activities into an organizational unit in October 1997. In addition to developing the financial business, the main focus at the time was to increase transparency for investors – by creating a separate financing balance sheet. Since 1999, Siemens Financial Services has been the center of expertise for financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dexia
Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, and an orderly resolution process began in October 2011. As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as SFIL. The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down. Profile In the 2010 Fortune Global 500 (which lists companies by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridgeshire County Council
Cambridgeshire County Council is the county council for non-metropolitan county of Cambridgeshire, England. The non-metropolitan county is smaller than the Ceremonial counties of England, ceremonial county, which additionally includes the City of Peterborough. The county council consists of 61 councillors, representing 59 electoral divisions. The council is based at New Shire Hall, Alconbury Weald, New Shire Hall in Alconbury Weald, near Huntingdon. It is part of the East of England Local Government Association and a constituent member of the Cambridgeshire and Peterborough Combined Authority. Since May 2025, it has been run by a majority administration of Liberal Democrats (UK), Liberal Democrats. History Cambridgeshire County Council was first formed in 1889 as a result of the Local Government Act 1888 as one of two county councils covering Cambridgeshire; the other was the Isle of Ely County Council. In 1965, the two councils were merged to form Cambridgeshire and Isle of Ely ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plymouth Herald
''The Herald'' is a Reach plc newspaper serving Plymouth. Its website and social media were rebranded as ''Plymouth Live'' in 2018. Print and online presence The newspaper's average circulation was 3,872 in the second half of 2023, made up of 2,978 paid-for single issues and 894 paid subscriptions. ''The Herald'' is published six days a week, Monday to Saturday, and has a single edition. It is owned by Reach plc, formerly known as Trinity Mirror. Its sister titles include the ''Express & Echo'' in Exeter, the ''Herald Express'' in Torquay and the ''Western Morning News''. Over 80% of the local adult population in the Plymouth region were said to use ''The Herald's'' website in 2013. In 2018, ''The Herald's'' website was rebranded as ''Plymouth Live'' by Reach plc. Its sister websites are ''Devon Live'' and ''Cornwall Live''. ''Plymouth Live'' is active on social media, regularly posting breaking news, pictures and videos on its Facebook, Twitter. and Instagram pages It has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plymouth City Council
Plymouth City Council is the local authority for the city of Plymouth, in the ceremonial county of Devon, England. Plymouth has had a council since 1439, which has been reformed on numerous occasions. Since 1998 the council has been a unitary authority, being a district council which also performs the functions of a county council; it is independent from Devon County Council. The council has been under Labour majority control since 2023. It meets at the Council House in the city centre and has its main offices at Ballard House in the Millbay area of the city. History Plymouth was an ancient borough, having been incorporated in 1439. It was reformed to become a municipal borough in 1836, governed by a corporate body officially called the "mayor, aldermen and burgesses of the borough of Plymouth", but generally known as the corporation or town council. When elected county councils were established in 1889, Plymouth was considered large enough for its existing corporation to prov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walsall Metropolitan Borough Council
Walsall Council, formally Walsall Metropolitan Borough Council, is the Local government in England, local authority for the Metropolitan Borough of Walsall in the West Midlands (county), West Midlands, England. The town of Walsall had been a Borough status in the United Kingdom, borough from medieval times, which was reformed on numerous occasions. Since 1974 the council has been a metropolitan borough council. It provides the majority of local government services in the borough. The council has been a member of the West Midlands Combined Authority since 2016. The council has been under Conservative Party (UK), Conservative majority control since 2019. The council meets at Walsall Council House and has its main offices at the adjoining Civic Centre. History The town of Walsall was an ancient borough. It also had a mayor from at least 1377. The town's claim to be a borough was not supported by a municipal charter, charter, leading to disputes with the lord of the manor. A formal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Express & Star
The ''Express & Star'' is a regional evening newspaper in Britain. Founded in 1889, it is based in Wolverhampton, England, and covers the West Midlands county and Staffordshire. Currently edited by Martin Wright, the ''Express & Star'' publishes six editions a week between Monday and Saturday. In 2007 the newspaper had a daily circulation of 174,989 by June 2014 it was 73,473, then 55,373 in 2016, 38,690 in 2019 and by 2021 was 19,683. In 2022 figures from JICREG (Joint industry Currency for Regional Media Research) show that 17,973 papers are printed each day and there are 51,403 readers. Online expressandstar.com has 1.64 million monthly unique users with 8.9 million monthly page views. The Express & Star features a mixture of regional and national news and has a strong following for its sports coverage of association football, particularly local teams Wolverhampton Wanderers, Walsall, and West Bromwich Albion. The ''Express & Star'' is one of the few independent newspaper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
