Henry Staunton (businessman)
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Henry Staunton (businessman)
Henry Staunton (born 20 May 1948), is a British businessman, the chairman of British retailer, WH Smith and the former Finance Director of Granada Group and ITV plc. Named in ''The Times'' 2006 Power 100 survey, and rated as one of the UK's top 50 finance movers and shakers by ''Accountancy Age'', Staunton is an "experienced finance professional" and "well regarded dealmaker". While at Granada, he helped steer one of the largest mergers in media history - creating a unified ITV - and played a role in ensuring Granada and its executives came out on top after the £5.8bn deal to merge Carlton and Granada. He sits on the boards of insurer Legal & General, The Merchants Trust plc, Standard Bank and property investment and development company Capital & Counties Properties. Education and early career Staunton attended Ipswich School before reading Economics and Statistics at the University of Exeter. In 1970, he joined auditing firm Price Waterhouse: he was admitted as a partner i ...
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WH Smith
WHSmith (also written WH Smith, and known colloquially as Smith's and formerly as W. H. Smith & Son) is a British retailer, headquartered in Swindon, England, which operates a chain of high street, railway station, airport, port, hospital and motorway service station shops selling books, stationery, magazines, newspapers, entertainment products and confectionery. The company was formed by Henry Walton Smith and his wife Anna in 1792 as a news vendor in London. It remained under the ownership of the Smith family for many years and saw large-scale expansion during the 1970s as the company began to diversify into other markets. Following a rejected private equity takeover in 2004, the company began to focus on its core retail business. It was responsible for the creation of the ISBN book identifier. WHSmith is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Formation In 1792, Henry Walton Smith and his wife Anna established the business ...
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Courtaulds
Courtaulds was a United Kingdom-based manufacturer of fabric, clothing, artificial fibres, and chemicals. It was established in 1794 and became the world's leading man-made fibre production company before being broken up in 1990 into Courtaulds plc and Courtaulds Textiles Ltd. History Foundation The company was founded by George Courtauld and his cousin Peter Taylor (1790–1850) in 1794 as a silk, crepe and textile business at Pebmarsh in north Essex trading as George Courtauld & Co. In 1810, his American-born son Samuel Courtauld was managing his own silk mill in Braintree, Essex. In 1818, George Courtauld returned to America, leaving Samuel Courtauld and Taylor to expand the business, now known as Courtauld & Taylor, by building further mills in Halstead and Bocking. In 1825 Courtauld installed a steam engine at the Bocking mill, and then installed power looms at Halstead. His mills, however, remained heavily dependent on young female workers – in 1838, over 92% of hi ...
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Compass Group
Compass Group plc is a British multinational contract foodservice company headquartered in Chertsey, England. It is the largest contract foodservice company in the world employing over 500,000 people. It serves meals in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps, correctional facilities and offshore oil platforms. Compass Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It is also a Fortune Global 500 company. History Origin Compass Group has its origins in a company which was founded by Jack Bateman in 1941 as Factory Canteens Limited and which subsequently became known as Bateman Catering. Bateman Catering and Midland Catering were acquired by conglomerate Grand Metropolitan in 1967 and 1968 respectively and a management buy-out from Grand Metropolitan followed in 1987 when the Compass Group was formed. Public listing Compass Group was first listed on th ...
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Meridian Broadcasting
ITV Meridian (previously Meridian Broadcasting) is the holder of the ITV franchise for the South and South East of England. The station was launched at 12:00 am on 1 January 1993, replacing previous broadcaster Television South, and is owned and operated by ITV plc, under the licensee of ITV Broadcasting Limited. Meridian Broadcasting Ltd was one of several (but not all) ITV plc-owned regional companies to have its legal name changed on 29 December 2006, when it became ITV Meridian Ltd. This company is, along with most other regional companies owned by ITV plc, listed with Companies House as a "Dormant company". The company broadcasts to the region from transmitters at Hannington, Midhurst, Rowridge, Whitehawk Hill, Hastings, Heathfield, Tunbridge Wells, Bluebell Hill, Dover and, since 2015, Oxford (previously part of the ITV Central region), as well as associated relays. Today, ITV Meridian operates from studios in Whiteley, Hampshire, producing regional news services for th ...
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ITV Wales & West
ITV Wales and West, previously known as Harlech Television (HTV), was an ITV franchise area in the United Kingdom until 31 December 2013, licensed to a broadcaster by the regulator Ofcom. There is no channel, past or present, named "ITV Wales and West". The licence relates to a "dual region", meaning that the franchise area was divided into two sub-regions, Wales and the West of England, each of which had to be served by distinct and separate ITV programme services, as more fully defined within the licence. From January 2014, the dual-region licence was split in two, with ITV Cymru Wales for Wales and ITV West Country covering the both the West of England sub-region and South West England. Both licences remain held by ITV plc through its subsidiary ITV Broadcasting Ltd, and the legal names of the former HTV companies have not yet been changed again.
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Anglia TV
ITV Anglia, previously known as Anglia Television, is the ITV franchise holder for the East of England. The station is based at Anglia House in Norwich, with regional news bureaux in Cambridge and Northampton. ITV Anglia is owned and operated by ITV plc under the licence name of ITV Broadcasting Limited. ITV Anglia broadcasts to Norfolk, Suffolk, Essex, Cambridgeshire, Northamptonshire, Bedfordshire, northern Hertfordshire, northern Buckinghamshire and the southeastern fringes of Lincolnshire. Its principal programme nowadays is ITV News Anglia which is split into two regional editions, both airing at 18:00 on weekdays and various times at weekends. History Anglia Television launched on 27 October 1959 as an independent company serving the East of England, the eleventh ITA station to go on air. At its launch, Anglia broadcast from the Mendlesham Transmitter and was soon joined by Sandy Heath and then Belmont. Under the chairmanship of Aubrey Buxton the station soon established ...
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Tyne Tees Television
ITV Tyne Tees, previously known as Tyne Tees, Channel 3 North East and Tyne Tees Television, is the ITV (TV network), ITV television franchise for North East England and parts of North Yorkshire. Tyne Tees launched on 15 January 1959 from studios at a converted warehouse in City Road, Newcastle upon Tyne, remaining in the city until July 2005 when Tyne Tees moved to smaller studios in Gateshead. Tyne Tees has contributed various programming to the ITV network and Channel 4, as well as its regional output. Some of Tyne Tees' best known programming includes the groundbreaking music show ''The Tube (TV series), The Tube'', critically acclaimed adaptations of Catherine Cookson novels, and children's programmes such as ''Supergran''. The ownership and management structure of Tyne Tees has altered across its history, particularly in various mergers with ITV Yorkshire, Yorkshire Television. The two stations were managed by Trident Television during the 1970s, and the two stations merg ...
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Yorkshire Television
ITV Yorkshire, previously known as Yorkshire Television and commonly referred to as just YTV, is the British television service provided by ITV Broadcasting Limited for the Yorkshire franchise area on the ITV (TV network), ITV network. Until 1974, this was primarily the historic county of Yorkshire and parts of neighbouring counties served by the Emley Moor transmitting station, Emley Moor transmitter. Following a reorganisation in 1974 the transmission area was extended to include Lincolnshire, northwestern Norfolk and parts of Derbyshire and Nottinghamshire, served by the Belmont transmitting station, Belmont transmitter. Two consortia applied for the franchise, ''Telefusion Yorkshire Ltd'' and ''Yorkshire Independent Television'', the former having large financial backing (supported by the Blackpool-based ''Telefusion'' television rental chain) and the latter having the better plans but fewer resources. On 1 January 2007, the company transferred its programme production bus ...
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Tender Offer
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal. To induce the shareholders of the target company to sell, the acquirer's offer price is usually at a premium over the current market price of the target company's shares. For example, if a target corporation's stock were trading at $10 per share, an acquirer might offer $11.50 per share to shareholders on the condition that 51% of shareholders agree. Cash or securities may be offered to the target company's shareholders, ...
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Forte Group
Forte Group plc was a British hotel and restaurant company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Granada in 1996. Its head office was in the London Borough of Camden. History Charles Forte (26 November 1908 – 28 February 2007) was a British/Italian caterer and hotelier who founded the leisure and hotels conglomerate that ultimately became Forte Group. Charles Forte, funded by his two business partners, Eric Hartwell and Sidney Hartwell, set up his first "milk bar" on Regent Street in London in 1935 as ''Strand Milk Bar Ltd'' when he was 26. Soon he began expanding into catering and hotel businesses. After the Second World War, his company became Forte Holdings Ltd, and bought The Café Royal in 1954. Forte was a major caterer at the Festival of Britain sites in 1951 and also operated the restaurants and bars at London Airport, later known as London Heathrow airport. Forte opened the first full motor ...
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Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ...
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London Weekend Television
London Weekend Television (LWT) (now part of the non-franchised ITV London region) was the ITV network franchise holder for Greater London and the Home Counties at weekends, broadcasting from Fridays at 5.15 pm (7:00 pm from 1968 until 1982) to Monday mornings at 6:00. From 1968 until 1992, when LWT's weekday counterpart was Thames Television, there was an on-screen handover to LWT on Friday nights (there was no handover back to Thames on Mondays, as from 1968 to 1982 there was no programming in the very early morning, and from 1983, when a national breakfast franchise was created, LWT would hand over to TV-am at 6:00am, which would then hand over to Thames at 9:25am). From 1993 to 2002, when LWT's weekday counterpart was Carlton Television, the transfer usually occurred invisibly during a commercial break, for Carlton and LWT shared studio and transmission facilities (although occasionally a Thames-to-LWT-style handover would appear). Like most ITV regional franchi ...
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