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Jim Ratcliffe
Sir James Arthur Ratcliffe (born 18 October 1952) is an English billionaire, chemical engineer and businessman. Ratcliffe is the chairman and chief executive officer (CEO) of the Ineos chemicals group, which he founded in 1998 and of which he still owns two-thirds. The company is estimated to have had a turnover of $65 billion in 2021. He did not have a high public profile, and was once described by ''The Sunday Times'' as "publicity shy". As of May 2018, he was the richest person in the UK, with a net worth of £21.05 billion. As of April 2020, ''Bloomberg Billionaires Index'' estimated his net worth at $28.2 billion, 55th richest in the world and second in the UK. In September 2020, Ratcliffe officially changed his tax residence from Hampshire to Monaco, a move that it is estimated will save him £4 billion in tax. Early life and education Born in Failsworth, Greater Manchester, the son of a father who started as a joiner and went on to run a factory that made laboratory fur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Failsworth
Failsworth is a town in the Metropolitan Borough of Oldham in Greater Manchester, England, north-east of Manchester city centre and south-west of Oldham. The orbital M60 motorway skirts it to the east. The population at the 2011 census was 20,680. Historically in Lancashire, Failsworth until the 19th century was a farming township linked ecclesiastically with Manchester. Inhabitants supplemented their farming income with domestic hand-loom weaving. The humid climate and abundant labour and coal led to weaving of textiles as a Lancashire Mill Town with redbrick cotton mills. A current landmark is the Failsworth Pole. Daisy Nook is a country park on the southern edge. Etymology Failsworth derives from the Old English and ''worth'', probably meaning an "enclosure with a special kind of fence". History Early settlement rested on a road that runs today between Manchester and Yorkshire. This Roman secondary road formed part of a network from Manchester up north, probably to Ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Super League
The Swiss Super League (known as the Credit Suisse Super League for sponsorship reasons) is a Swiss professional league in the top tier of the Swiss football league system and has been played in its current format since the 2003–04 season. As of January 2022, the Swiss Super League is ranked 14th in Europe according to UEFA's ranking of league coefficients, which is based upon Swiss team performances in European competitions. The 2022–23 season will be the 126th season of the Swiss top-flight, making it the longest continuously running top-flight national league. Overview The Super League is played over 36 rounds from the end of July to May, with a winter break from mid-December to the first week of February. Each team plays each other four times, twice at home and twice away, in a round-robin. As teams from both Switzerland and Liechtenstein participate in the Swiss football leagues, only a Swiss club finishing in first place will be crowned champion—should a t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FC Lausanne-Sport
FC Lausanne–Sport (also referred to as LS) is a Swiss football club based in Lausanne in the canton of Vaud. Founded in 1896, Lausanne Sport played in the Swiss Super League in their most recent 2021-22 season, the highest tier of football in the country, but will play in the second tier Swiss Challenge League in the 2022-23 after being relegated in the 2021-22 Swiss Super League Season. They play their home games at the 12,544-capacity Stade de la Tuilière. Previously Lausanne Sport had played at the Stade Olympique de la Pontaise, a 15,850 all-seater stadium used for the 1954 FIFA World Cup. They played in Swiss First Division between 1906 and 1931, 1932–2002, 2011-2014, 2016-2018 and 2020-2022. The team has won seven league titles and the Swiss Cup nine times. History 19th century The club was founded in 1896 under the name of ''Montriond Lausanne''. However, the Lausanne Football and Cricket Club was established in 1860, believed to be the oldest football ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earthquake
An earthquake (also known as a quake, tremor or temblor) is the shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves. Earthquakes can range in intensity, from those that are so weak that they cannot be felt, to those violent enough to propel objects and people into the air, damage critical infrastructure, and wreak destruction across entire cities. The seismic activity of an area is the frequency, type, and size of earthquakes experienced over a particular time period. The seismicity at a particular location in the Earth is the average rate of seismic energy release per unit volume. The word ''tremor'' is also used for Episodic tremor and slip, non-earthquake seismic rumbling. At the Earth's surface, earthquakes manifest themselves by shaking and displacing or disrupting the ground. When the epicenter of a large earthquake is located offshore, the seabed may be displaced sufficiently to cause ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richter Scale
The Richter scale —also called the Richter magnitude scale, Richter's magnitude scale, and the Gutenberg–Richter scale—is a measure of the strength of earthquakes, developed by Charles Francis Richter and presented in his landmark 1935 paper, where he called it the "magnitude scale". This was later revised and renamed the local magnitude scale, denoted as ML or . Because of various shortcomings of the original scale, most seismological authorities now use other similar scales such as the moment magnitude scale () to report earthquake magnitudes, but much of the news media still erroneously refers to these as "Richter" magnitudes. All magnitude scales retain the logarithmic character of the original and are scaled to have roughly comparable numeric values (typically in the middle of the scale). Due to the variance in earthquakes, it is essential to understand the Richter scale uses logarithms simply to make the measurements manageable (i.e., a magnitude 3 quake factors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fracking
Fracking (also known as hydraulic fracturing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open. Hydraulic fracturing began as an experiment in 1947, and the first commercially successful application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells, over one million of those within the U.S. Such treatment is generally necessary to achieve adequate flow rates in shale gas, tight gas, tig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunday Times Rich List 2018
The ''Sunday Times Rich List 2018'' is the 30th annual survey of the wealthiest people resident in the United Kingdom, published by ''The Sunday Times'' on 13 May 2018. The List was edited by Robert Watts who succeeded long-term compiler Philip Beresford Philip Beresford was the compiler of the ''Sunday Times Rich List'', which is compiled in January every year featuring the richest 1,000 people in the United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known a ... last year. The List was previewed in the previous week's ''Sunday Times'' and widely reported by other media. Top 12 fortunes See also * ''Forbes'' list of billionaires References External links ''Sunday Times Rich List'' Sunday Times Rich List 2018 in the United Kingdom {{Sunday Times Rich List ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating businesses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rolle
Rolle () is a Municipalities of Switzerland, municipality in the Cantons of Switzerland, Canton of Vaud in Switzerland. It was the seat of the district of Rolle (district), Rolle until 2006, when it became part of the district of Nyon District, Nyon. It is located on the northwestern shore of Lake Geneva (''Lac Léman'') between Nyon and Lausanne. Rolle is approximately northeast of Geneva (Genève) in the La Côte wine-growing region, and has views of the high Alps. Rolle is also the birthplace of Frederic-Cesar de la Harpe, Frédéric-César de la Harpe (1754–1838), who was the tutor of Alexander I of Russia and was largely responsible for the independence of the Vaud, Canton of Vaud from the Bernese. History Rolle is first mentioned in 1294 as ''Rotuli''. In 1295 it was known as Ruello and Ruelloz the city in 1330 after it passed into the hands of Jean De Grailly the 1st an Knight entrusted to care for the future King Edward the 2nd. Prehistoric settlements A late Bronze ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperial Chemical Industries
Imperial Chemical Industries (ICI) was a British chemical company. It was, for much of its history, the largest manufacturer in Britain. It was formed by the merger of four leading British chemical companies in 1926. Its headquarters were at Millbank in London. ICI was a constituent of the FT 30 and later the FTSE 100 indices. ICI made general chemicals, plastics, paints, pharmaceuticals and speciality products, including food ingredients, speciality polymers, electronic materials, fragrances and flavourings. In 2008, it was acquired by AkzoNobel, which immediately sold parts of ICI to Henkel and integrated ICI's remaining operations within its existing organisation. History Development of the business (1926–1944) The company was founded in December 1926 from the merger of four companies: Brunner Mond, Nobel Explosives, the United Alkali Company, and British Dyestuffs Corporation. It established its head office at Millbank in London in 1928. Competing with DuPont a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic of 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
