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FT 30
The FT 30 (''FT Ordinary Index'' or ''FTOI'', not "FTSE 30") is a now rarely used index that is similar to the Dow Jones Industrial Average. As an index of stocks to represent the real trends on the market, the FT 30 has been superseded by the FTSE 100, which was introduced in 1984. Background The purpose of the FT 30 was to give a selection of stocks, which capture the range and essence of UK companies. The index was devised in 1935 by Maurice Green and Otto Clarke of the ''Financial News'' and was termed the "''Financial News'' 30-share index" until that paper merged with the ''Financial Times'' in 1945.Green, (James) Maurice Spurgeon , '' Oxford Dictionary of Nat ...
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Stock Market Index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of the primary criteria of an index are that it is ''investable'' and ''transparent'': The methods of its construction are specified. Investors can invest in a stock market index by buying an index fund, which are structured as either a mutual fund or an exchange-traded fund, and "track" an index. The difference between an index fund's performance and the index, if any, is called ''tracking error''. For a list of major stock market indices, see List of stock market indices. Types of indices by weighting method Stock market indices could be segmented by their index weight methodology, or the rules on how stocks are allocated in the index, independent of its stock coverage. For example, the S&P 500 and the S&P 500 Equal Weight both covers the sam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pirelli
Pirelli & C. S.p.A. is a multinational tyre manufacturer based in Milan, Italy. The company, which has been listed on the Milan Stock Exchange since 1922, is the 6th-largest tyre manufacturer and is focused on the consumer production of tyres for cars, motorcycles and bicycles. It is present in Europe, the Asia-Pacific, Latin America, North America and the Post-Soviet states, operating commercially in over 160 countries. It has 19 manufacturing sites in 13 countries and a network of around 14,600 distributors and retailers. In 2015, China National Chemical Corp. Ltd. (ChemChina) took controlling interest of Pirelli - with the Chinese state-owned company agreeing to maintain the tire company's ownership structure until 2023. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008–2010, FIA Formula One World Championship for 2011–present and for the FIM World Superbike Champio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hugo Hirst
Hugo Hirst, 1st Baron Hirst (26 November 1863 – 22 January 1943), known as Sir Hugo Hirst, Bt, between 1925 and 1934, was a German-born British industrialist. Born near Munich, Hugo Hirsch became a naturalized British subject in 1883 and changed his surname to Hirst. He was co-founder with Gustav Binswanger of the General Electric Company plc, and in 1910 became its chairman. He was created a baronet, of Witton in the County of Warwick, on 2 July 1925 and elevated to the peerage as Baron Hirst, of Witton in the County of Warwick, on 28 June 1934. Hirst's eldest daughter Muriel married Leslie Gamage, the elder son of Arthur Walter Gamage, the founder of Gamages Gamages was a department store in Holborn, London. Trading between 1878 and 1972, it was particularly well known for its toy and hardware departments. History Gamages began life in 1878 in a rented watch repair shop and, after quickly becoming ... department store. Leslie joined GEC and became chairman and managin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric Company
The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and defence electronics, communications, and engineering. The company was founded in 1886, was Britain's largest private employer with over 250,000 employees in the 1980s, and at its peak in the 1990s, made profits of over £1 billion a year. In June 1998, GEC sold its share of the joint venture GEC-Alsthom on the Paris stock exchange. In December 1999, GEC's defence arm, Marconi Electronic Systems, was sold to British Aerospace, forming BAE Systems. The rest of GEC, mainly telecommunications equipment manufacturing, continued as Marconi Communications. After buying several US telecoms manufacturers at the top of the market, losses following the bursting of the dot-com bubble in 2001 led to the restructuring in 2003 of Marconi plc into Marconi Corporation plc. In 2005, Ericsson acquired the bulk of that company. What was left of the business was renamed Telent. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lancashire Cotton Corporation
The Lancashire Cotton Corporation was a company set up by the Bank of England in 1929, to rescue the Lancashire spinning industry by means of horizontal rationalisation. In merged 105 companies, ending up in 1950 with 53 operating mills. It was bought up by Courtaulds in August 1964. Formation By the late 1920s the situation of the cotton industry in Lancashire was desperate. Many spinning mills and weaving sheds had closed down, the stock market had crashed and a general slump was affecting western economies. Political action was called for. Within the cotton industry the main problem was in the spinning sector; weaving was having a rough time, and the finishing trades were getting by, but in spinning a cutthroat competition between individual enterprises was destroying them. Things were hard for shareholders; they were no better for the banks that had, in effect, had the assets thrust into their hands as companies defaulted on their loans. It was for this reason that the Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fine Spinners And Doublers
Fine Spinners and Doublers was a major cotton spinning business based in Manchester, England. At its peak it was a constituent of the FT 30 index of leading companies on the London Stock Exchange. History Formation Fine Spinners and Doublers, formed from a group of spinning companies specialising in fine Sea Island Cottons, was registered on 31 March 1898. The Fine Cotton Spinners and Doublers Association Limited had the objective of promoting the interests of cotton spinners in North West England. It was founded through the efforts of Herbert Dixon and Scott Lings in 1897. Businesses that joined in this enterprise at the time included A&G Murray Ltd, Houldsworths, CE Bennett & Co, James & Wainwright Bellhouse and McConnell & Co; but many more followed in subsequent years. The new association was vast compared with its competitors and its large size enabled it to secure its supplies of cotton from the Sea Island and Egypt. For thirty years it was the world's largest cotto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant #Citicorp, Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is Delaware General Corporation Law, incorporated in Delaware. Citigroup is the List of largest banks in the United States, third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board and is commonly cited as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dunlop Rubber
Dunlop Ltd. (formerly Dunlop Rubber) was a British multinational company involved in the manufacture of various natural rubber goods. Its business was founded in 1889 by Harvey du Cros and he involved John Boyd Dunlop who had re-invented and developed the first pneumatic tyre. It was one of the first multinationals, and under du Cros and, after him, under Eric Geddes, grew to be one of the largest British industrial companies. J B Dunlop had dropped any ties to it well before his name was used for any part of the business. The business and manufactory was founded in Upper Stephens Street in Dublin. A plaque marks the site, which is now part of the head office of the Irish multinational departments store brand, Dunnes Stores. Dunlop Rubber failed to adapt to evolving market conditions in the 1970s, despite having recognised by the mid-1960s the potential drop in demand as the more durable Radial tire, radial tyres swept through the market. After taking on excessive debt Dunlop w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dorman Long
Dorman Long & Co was a UK steel producer, later diversifying into bridge building. It was once listed on the London Stock Exchange. History The company was founded by Arthur Dorman and Albert de Lande Long when they acquired ''West Marsh Iron Works'' in 1875. In the 1920s Dorman Long took over the concerns of Bell Brothers and Bolckow and Vaughan and diversified into the construction of bridges. In 1938 Ellis Hunter took over as Managing Director and he continued to lead the business until 1961. In 1967 Dorman Long was nationalised, along with 13 other British steel-making firms, becoming subsumed into the government-owned British Steel Corporation. In 1982 Redpath Dorman Long, the engineering part of the business, was acquired by Trafalgar House who in 1990 merged it into Cleveland Bridge & Engineering Company in Darlington. Iron and steel Iron-making has been known in Cleveland since the Romans found iron slags in North Yorkshire, with small-scale iron-making known ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinness Share-trading Fraud
The Guinness share-trading fraud was a major business scandal of the 1980s. It involved the manipulation of the London stock market to inflate the price of Guinness shares to thereby assist Guinness's £4 billion takeover bid for the Scottish drinks company Distillers. Four businessmen were convicted of criminal offences for taking part in the manipulation. The scandal was discovered in testimony given by the US stock trader Ivan Boesky as part of a plea bargain. Ernest Saunders, Gerald Ronson, Jack Lyons and Anthony Parnes, the so-called Guinness four, were charged, paid large fines and, with the exception of Lyons, who was suffering from ill health, served prison sentences. The case was brought by the Serious Fraud Office. Crime The defendants bought shares in Guinness plc to enable Guinness (by supporting its share price) to take over Distillers, a much larger company. The Distillers board favoured Guinness as partners and were facing a hostile bid by Argyll. The Guinness ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinness Brewery
St. James's Gate Brewery is a brewery founded in 1759 in Dublin, Ireland, by Arthur Guinness. The company is now a part of Diageo, a company formed from the merger of Guinness and Grand Metropolitan in 1997. The main product of the brewery is Draught Guinness. Originally leased in 1759 to Arthur Guinness at £45 per year for 9,000 years, the St. James's Gate area has been the home of Guinness ever since. It became the largest brewery in Ireland in 1838, and the largest in the world by 1886, with an annual output of 1.2 million barrels. Although no longer the largest brewery in the world, it remains as the largest brewer of stout. The company has since bought out the originally leased property, and during the 19th and early 20th centuries, the brewery owned most of the buildings in the surrounding area, including many streets of housing for brewery employees, and offices associated with the brewery. The brewery had its own power plant. There is an attached exhibition o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distillers Company
The Distillers Company Limited was a leading Scottish drinks and pharmaceutical company and, at one time, a constituent of the FTSE 100 Index. It was taken over by Guinness & Co. (now part of Diageo) in 1986 in a transaction which was later found to be involved in fraudulent activity, becoming known as the Guinness share-trading fraud. History The company's origins lie in a trade association known as the Scotch Distillers' Association formed by Menzies, Barnard & Craig, John Bald & Co., John Haig & Co., MacNab Bros, Robert Mowbray and Macfarlane & Co. in 1865. It was incorporated in 1877 and combined with John Walker & Son and Buchanan- Dewar in 1925. It was acquired by Guinness in 1986 and was renamed as United Distillers in 1987. In 1998 United Distillers was merged with International Distillers & Vintners to create United Distillers & Vintners, forming the spirits division of Diageo plc. The company still exists today as Diageo Scotland Ltd. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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