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Angus Steakhouse
Angus Steakhouse is a restaurant chain of steak houses in central London. In 2001, there were about 30 outlets; five remain open as of July 2020. The name reflects Aberdeen Angus, a common breed of beef cattle. Some restaurants still retain the former trading name, "Aberdeen Steak Houses", on their signage, as of September 2016. History Aberdeen Steak Houses was started in the early 1960s by Reginald Eastwood (born c.1913), who had started in business aged 15 as an apprentice butcher. Eastwood's vision was for a more modern version of the earlier chop-house grills, and was influenced by American steak houses. The décor was opulent, with plate glass windows and red velour banquettes. Menus included trendy dishes like prawn cocktail and Black Forest gateau. ''The Good Food Guide'' of the 1960s listed the restaurants. Eastwood and partner Thomas Beale floated the company on 6 February 1964.''Time & tide business world'', vol.45, p.xcv In 1965, the Kaye brothers' Golden Egg cafet ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Ralston Purina
Ralston Purina Company was a St. Louis, Missouri,–based American conglomerate with substantial holdings in animal feed, food, pet food, consumer products, and entertainment. On December 12, 2001, it merged with Swiss food-giant Nestlé's Friskies division to form Nestlé Purina PetCare Company. History Ralston Purina (originally Ralston-Purina) traces its roots to 1894, when founder William H. Danforth established the animal feed company Purina Mills. Danforth formed a partnership with George Robinson; William Andrews entered the business of feeding farm animals by founding the Robinson-Danforth Commission Company. Its predominant brand for each animal was generally referred to as "Chow"; hence "Purina Horse Chow", "Purina Dog Chow", "Purina Cat Chow", "Purina Rabbit Chow", "Purina Pig Chow", and "Purina Monkey Chow". Later, the company began producing cereal, which received endorsement by Webster Edgerly, founder of Ralstonism, to market Ralston breakfast cereals. Edgerly ...
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Going Concern
A going concern is a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two). The presumption of going concern for the business implies the basic declaration of intention to keep operating its activities at least for the next year, which is a basic assumption for preparing financial statements that comprehend the conceptual framework of the IFRS. Hence, a declaration of going concern means that the business has neither the intention nor the need to liquidate or to materially curtail the scale of its operations. Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the ''going concern' ...
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Berwin Leighton Paisner
Berwin Leighton Paisner (''BLP'') was an international law firm with 14 offices across 10 countries globally, specializing in real estate, finance, litigation and corporate risk, private wealth and tax. In 2018, Bryan Cave merged with Berwin Leighton Painser to create Bryan Cave Leighton Paisner LLP, led by Lisa Mayhew and Therese Pritchard. History BLP's roots lie in the early twentieth century, when the three original law firms were founded: # Paisner & Co was established in 1932 by Leslie Paisner and provided general legal advice. # Lionel Leighton established Leighton & Co in 1942, a firm that advised on litigation and property development. # Berwin & Co was founded in 1963 by Stanley Berwin, specialising in corporate finance, mergers and acquisitions, and tax. In 1970, Leighton & Co and Berwin & Co merged to form Berwin Leighton and moved into Adelaide House, London. Berwin Leighton Paisner was formed on 1 May 2001 when the two firms merged, comprising a total of nea ...
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BDO International
BDO (an acronym for Binder Dijker Otte) is an international network of public accounting, tax, consulting and business advisory firms that provide professional services under the name BDO. It is the fifth-largest accounting network in the world. Global fee income of the member firms in the network for the year ended 30 September 2021, including the members of their exclusive alliances, totaled US$11.8 billion. Each BDO member firm is an independent legal entity in its own country. The network, founded in 1963 as Binder Seidman International Group by firms from Canada, Germany, the Netherlands, the UK and the US, is coordinated by BDO Global Coordination B.V., with an office in Zaventem, Belgium. In 1973, the organisation adopted the name BDO, made up from the initials of the three founding firms: Binder (UK), Dijker (Netherlands) and Otte (Germany). Australia Established in 1975, BDO Australia has offices in Brisbane, Cairns, Sunshine Coast, Sydney, Melbourne, Hobart, Ad ...
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Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable of ...
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September 11 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Center’s S ...
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2001 United Kingdom Foot-and-mouth Crisis
The outbreak of foot-and-mouth disease in the United Kingdom in 2001 caused a crisis in British agriculture and tourism. This epizootic saw 2,000 cases of the disease in farms across most of the British countryside. Over 6 million cows and sheep were killed in an eventually successful attempt to halt the disease. Cumbria was the worst affected area of the country, with 893 cases. With the intention of controlling the spread of the disease, public rights of way across land were closed by order. This damaged the popularity of the Lake District as a tourist destination and led to the cancellation of that year's Cheltenham Festival, as well as the British Rally Championship for the 2001 season and delaying that year's general election by a month. Crufts, the dog-based festival had to be postponed by 2 months from March to May 2001. By the time that the disease was halted in October 2001, the crisis was estimated to have cost the United Kingdom £8bn. Background Britain's l ...
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Bovine Spongiform Encephalopathy
Bovine spongiform encephalopathy (BSE), commonly known as mad cow disease, is an incurable and invariably fatal neurodegenerative disease of cattle. Symptoms include abnormal behavior, trouble walking, and weight loss. Later in the course of the disease the cow becomes unable to function normally. There is conflicting information around the time between infection and onset of symptoms. In 2002, the WHO suggested it to be approximately four to five years. Time from onset of symptoms to death is generally weeks to months. Spread to humans is believed to result in variant Creutzfeldt–Jakob disease (vCJD). As of 2018, a total of 231 cases of vCJD had been reported globally. BSE is thought to be due to an infection by a misfolded protein, known as a prion. Cattle are believed to have been infected by being fed meat-and-bone meal (MBM) that contained either the remains of cattle who spontaneously developed the disease or scrapie-infected sheep products. The outbreak increased th ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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Tourist Trap
A tourist trap is an establishment (or group of establishments) that has been created or re-purposed with the aim of attracting tourists and their money. Tourist traps will typically provide overpriced services, entertainment, food, souvenirs and other products for tourists to purchase. Tourist trap derives from the information asymmetry between tourists and the market. United States In some areas, simple facilities may be a sufficient draw to entice tourists to stop. Wall Drug, in South Dakota, began its tourist trade by offering free ice water. Breezewood, Pennsylvania represents a physical tourist trap at the intersection of Interstate 70 and Interstate 76, where the two major highways are not directly connected; forcing transiting drivers off the interstate and "into several suddenly urban blocks with traffic lights and a dense bazaar of gas stations, fast food restaurants and motels." South of the Border is an attraction on Interstate 95 (I-95), US Highway&nb ...
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Thistle Hotels
Thistle Hotels, run by glh., is a UK-based hotel company with a portfolio of 7 Central London hotels, one at London Heathrow and one in Dorset, operating in the three and four star sector. History It was set up by Scottish & Newcastle in 1965, to combine its own traditional legacy hotels with purpose built hotels. Mount Charlotte Investments bought thirty four Thistle hotels from S&N, and acquired the Thistle brand name for £645m in November 1989. During the subsequent recession, the debt taken on to fund the transaction became unsustainable, resulting in Mount Charlotte being taken over by Brierley Investments of New Zealand for £664m in 1990. The chain was the main shirt sponsor for Leeds United AFC from 1993 to 1996. In 1997, the company floated on the Stock Exchange, to become Thistle Hotels plc, valued at £620m. In September 1998, it sold 30 provincial hotels to Grace Hotels (owned by the Lehman Brothers investment bank) for £62.7m, becoming managed by Peel Hotels. ...
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