|
Dermot Desmond
Dermot Desmond (born 14 August 1950) is an Irish businessman and financier. He is estimated to be worth €2.04 billion and is ranked by the ''Sunday Independent'' as the ninth-richest person in Ireland. Early life and education Desmond was born in Macroom, County Cork in 1950 and grew up in Marino, Dublin. He was educated at Scoil Mhuire, Marino and Good Counsel College in New Ross. He left school in 1968 to work at Citibank in Dublin. Business career In 1968, Desmond's business career began with Citibank in Dublin, followed by Price Waterhouse in Kabul, Afghanistan. In 1981, he founded National City Brokers in Dublin. The company competed with already established stockbroking names in Dublin such as Davy's and Goodbodys. Desmond sold the company to Ulster Bank in 1994, which at the time was part of the National Westminster Group, for a reported £39 million. Subsequently, as a result of Natwest's takeover in 2003 by RBS, NCB was bought out by its management with the supp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macroom
Macroom (; ga, Maigh Chromtha) is a market town in County Cork, Ireland, located in the valley of the River Sullane, halfway between Cork city and Killarney. Its population has grown and receded over the centuries as it went through periods of war, famine and workhouses, forced emigration and intermittent prosperity. The 2011 census gave an urban population of 3,879 people, while the 2016 census recorded 3,765 people. Macroom began as a meeting place for the druids of Munster. It is first mentioned is in 6th-century records, and the immediate area hosted a major battle involving the Irish king Brian Boru. During the middle ages, the town was invaded by a succession of warring clans, including the Murcheatach Uí Briain and Richard de Cogan families. In the early modern period the MacCarthy's took control and later the area found prosperity via milling. The MacCarthys built a series of tower houses, some of which survive. The family lost influence during the Williamite wars ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Financial Services Centre
The International Financial Services Centre (IFSC) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneration area and special economic zone (SEZ) on the derelict state-owned former port authority lands of the reclaimed North Wall and George's Dock areas of the Dublin Docklands. The term has become a metonym for the Irish financial services industry as well as being used as an address and still being classified as an SEZ. It officially began in 1987 as an SEZ on an docklands site in central Dublin, with EU approval to apply a 10% corporate tax rate for "designated financial services activities". Before the expiry of this EU approval in 2005, the Irish Government legislated to effectively have a national flat rate by reducing the overall Irish corporate tax rate from 32% to 12.5% which was finally introduced in 2003. An additional primary goal of the IFSC was to assist the urban renewal and development programme of the North Wall ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canary Wharf
Canary Wharf is an area of London, England, located near the Isle of Dogs in the London Borough of Tower Hamlets. Canary Wharf is defined by the Greater London Authority as being part of London's central business district, alongside Central London. With the City of London, it constitutes one of the main financial centres in the United Kingdom and the world, containing many high-rise buildings including the third-tallest in the UK, One Canada Square, which opened on 26 August 1991. Developed on the site of the former West India Docks, Canary Wharf contains around of office and retail space. It has many open areas, including Canada Square, Cabot Square and Westferry Circus. Together with Heron Quays and Wood Wharf, it forms the Canary Wharf Estate, around in area. History Canary Wharf is located on the West India Docks on the Isle of Dogs. West India Dock Company From 1802 to the late 1980s, what would become the Canary Wharf Estate was a part of the Isle of Dogs (Millw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Docklands
London Docklands is the riverfront and former docks in London. It is located in inner east and southeast London, in the boroughs of London Borough of Southwark, Southwark, London Borough of Tower Hamlets, Tower Hamlets, London Borough of Lewisham, Lewisham, London Borough of Newham, Newham, and Royal Borough of Greenwich, Greenwich. The Dock (maritime), docks were formerly part of the Port of London, at one time the world's largest port. After the docks closed, the area had become derelict and poverty-ridden by the 1980s. The Docklands' regeneration began later that decade; it has been redeveloped principally for commercial and residential use. The name "London Docklands" was used for the first time in a government report on redevelopment plans in 1971 and has since been almost universally adopted. The redevelopment created wealth, but also led to some conflict between the new and old communities in the area. Case Study - Inner City Redevelopment - London's Docklands - Inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mowlem
Mowlem was one of the largest construction and civil engineering companies in the United Kingdom. Carillion bought the firm in 2006. History The firm was founded by John Mowlem in 1822, and was continued as a partnership by successive generations of the Mowlem and Burt families, including George Burt (Britain), George Burt, and Sir John Mowlem Burt. The company was awarded a Royal Warrant of Appointment (United Kingdom), Royal Warrant in 1902 and went public on the London Stock Exchange in 1924.''Mowlem 1822–1972'' – Mowlem Public Relations brochure, 1972, p.3 During the World War II, Second World War the company was one of the contractors engaged in building the Mulberry harbour units.Hartcup, p. 94 A long-standing national contractor, Mowlem developed a network of regional contracting businesses including Rattee and Kett of Cambridge (bought in 1926); E. Thomas of the west country (bought in 1965) and the formation of a northern region based in Leeds in 1970. The network ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London City Airport
London City Airport is a regional airport in London, England. It is located in the Royal Docks in the Borough of Newham, approximately east of the City of London and east of Canary Wharf. These are the twin centres of London's financial industry, which is a major user of the airport. The airport was developed by the engineering company Mowlem in 1986–87. In 2016 it was bought by a Canadian-led consortium of Alberta Investment Management Corporation (AIMCo), OMERS, the Ontario Teachers' Pension Plan and Wren House Infrastructure Management of the Kuwait Investment Authority. London City Airport has a single long runway, and a CAA Public Use Aerodrome Licence (Number P728) that allows flights for the public transport of passengers; this licence also allows training flights, but only for the purpose of training pilots to operate at this specific airport. Only multi-engine, fixed-wing aircraft up to Airbus A318 size with special aircraft and aircrew certification to fly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sandy Lane Hotel
Sandy Lane is a luxury five-star beachfront resort close to Holetown and Paynes Bay on the island of Barbados. Sandy Lane was opened in 1961 by Ronald Tree, a former British politician, as a luxury hotel and golf course on what had been a sugar plantation. In 1998, the hotel was put up for sale by Granada plc, and five Irish businessmen, including J. P. McManus, Dermot Desmond and John Magnier, bought it. The original resort was then demolished in a three-year, $450 million upgrade and renovation. Features The resort features 113 guestrooms and suites as well as a five-bedroom villa, a Spa, four restaurants, seven bars and three golf courses. Sandy Lane is known as one of the Caribbean's most stylish and family-friendly hotels, as well as being a haven of the rich and famous. Past guests said to have stayed at the Sandy Lane hotel include Maria Callas, Simon Cowell, Andrea Corr (co-owner Dermot Desmond's daughter-in-law), T. S. Eliot, Jacqueline Kennedy, Aristotle Onassis, Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Magnier
John Magnier (born 10 February 1948; also known as "The Boss") is an Irish business magnate. He is Ireland's leading thoroughbred stud owner and has extensive business interests outside the horse-breeding industry. Magnier has also been a Senator in the upper house of the Irish Parliament, Seanad Éireann. He is based at Coolmore Stud at Fethard in County Tipperary, considered one of the world's pre-eminent stallion stations, and a nursery of thoroughbreds. Career Origins Magnier was born in Fermoy, County Cork, the eldest son of Thomas Magnier (died 1962) a County Cork landowner (son of Michael Joseph Magnier of The Manor House, Fermoy, County Cork) by his wife Evelyn Margaret Hallinan (born 1925), the younger daughter of Major Thomas Francis Dennehy Hallinan of Ashbourne, Glounthaune, County Cork. His aunt Mary Elizabeth Hallinan married Rupert Watson, 3rd Baron Manton, Senior Steward of the Jockey Club 1982–85, effectively the chief executive of the British horse racing i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 19 ... [...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 a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market capitalisation. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group. Overview The index is maintained by the FTSE Group, now a wholly owned subsidiary of the London Stock Exchange, which originated as a joint venture between the ''Financial Times'' and the London Stock Exchange. It is calculated in real time and published every second when the market is open. The FTSE 100 Index was launched on 3 January 1984. The market capitalisation weighted FTSE 100 index replaced the price-weighted FT30 Index as the performance benchmark for most investors. The FTSE 100 broadly consists of the largest 100 qualifying UK companies by full market value. The total market value of a company is calculated by multiply ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltimore Technologies
Baltimore Technologies was a leading Irish internet security firm, with its headquarters in Dublin, Ireland. It was listed on the London Stock Exchange and was briefly part of the FTSE 100 Index during 2000. Fran Rooney was the CEO for a period in the 1990s. History The company was founded in 1976 by Michael Purser. Baltimore was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney. In December 1998 it was further acquired by Zergo Limited, a UK company listed on the London Stock Exchange. Post-acquisition, Zergo changed its name to Baltimore Technologies and Rooney was appointed CEO of the merged company. Under Rooney's leadership, Baltimore expanded rapidly, both through organic growth and by a series of high-profile acquisitions. In 1999 the company was listed on NASDAQ and the share price soared in value during the internet boom as its digital certificate business was seen as a vital tool to enable e-Commerce. The company showed considerable growth i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
