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Sea Containers Ltd
Sea Containers was a Bermudan registered company which operated two main business areas: transport and container leasing. It filed for bankruptcy on 16 October 2006. In 2009 its maritime container interests were transferred to a new company SeaCo Ltd. History Yale University graduate and retired United States Navy officer James Sherwood founded Sea Containers in 1965, with initial capital of $100,000. It was later listed on the New York Stock Exchange. In May 1989, UK-based Tiphook launched an unsuccessful takeover bid for the company.Sea Containers grabs at a lifeline
'''' 7 May 2006
Over 40 years, Sherwood expanded Sea Containers from a supplier ...
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Sea Containers Logo
The sea, connected as the world ocean or simply the ocean, is the body of water, body of saline water, salty water that covers approximately 71% of the Earth's surface. The word sea is also used to denote List of seas, second-order sections of the sea, such as the Mediterranean Sea, as well as certain large, entirely landlocked, saltwater lakes, such as the Caspian Sea. The sea moderates Earth's climate and has important roles in the water cycle, water, carbon cycle, carbon, and nitrogen cycle, nitrogen cycles. Humans harnessing and studying the sea have been recorded since ancient times, and evidenced well into prehistory, while its modern scientific study is called oceanography. The most abundant solid dissolved in seawater is sodium chloride. The water also contains salt (chemistry), salts of magnesium, calcium, potassium, and Mercury (element), mercury, amongst many other elements, some in minute concentrations. Salinity varies widely, being lower near the surface and the mo ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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Department For Work & Pensions
, type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill StreetLondonSW1H 9NA , employees = 96,011 (as of July 2021) , budget = £176.3 billion (Resource AME),£6.3 billion (Resource DEL),£0.3 billion (Capital DEL),£2.3 billion (Non-Budget Expenditure)Estimated for year ending 31 March 2017 , minister1_name = Mel Stride , minister1_pfo = Secretary of State for Work and Pensions , chief1_name = Peter Schofield , chief1_position = Permanent Secretary , chief2_name = , chief2_position = , chief3_name = , chief3_position = , chief4_name = , chief4_position = , chief5_name = , chief5_position = , chief6_name = , chief6_position = , chief7_name = , chief7_position = , chief8_name = , chief8_position = , chief9_name = , chief9_position = , parent_department = , we ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The newspaper was controlled by Tony O'Reilly's Irish Independent News & Media from 1997 until it was sold to the Russian oligarch and former KGB Officer Alexander Lebedev in 2010. In 2017, Sultan Muhammad Abuljadayel bought a 30% stake in it. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. The website and mobile app had a combined monthly reach of 19,826,000 in 2021. History 1986 to 1990 Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330 It was produc ...
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Belmond (company)
Belmond Ltd. (formerly Orient-Express Hotels Ltd) is a hospitality and leisure company that operates luxury hotels, train services and river cruises worldwide. In 2015, the company had 35 deluxe hotels, 7 tourist trains, 3 river cruises and restaurants in 22 countries. History The company was founded in 1976 by the American entrepreneur James Sherwood with the acquisition of the Hotel Cipriani in Venice from the Guinness family for £900,000. James Sherwood then bought a number of historic rail cars similar to (but likely separate from) those used on the original Orient Express train, which he restored and used to offer rides from Paris and London to his hotel in Venice to wealthy clients,thus the former name of the company. Much of the history of the company is documented in James Sherwood's memoir '' Orient Express: A Personal Journey''. On 10 March 2014, Orient-Express Hotels Ltd was renamed Belmond, and on 1 July 2014, Belmond's holding company was also renamed Belmond Lt ...
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Sunday Times Rich List
The ''Sunday Times Rich List'' is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth. The list is updated annually in April and published as a magazine supplement by British national Sunday newspaper ''The Sunday Times'' since 1989. The editorial decisions governing the compilation of the ''Rich List'' are published in the newspaper and online as its "Rules of engagement". The ''Rich List'' is not limited to British citizens and it includes individuals and families born overseas but who predominantly work and/or live in Britain. This excludes some individuals with prominent financial assets in Britain. The editors estimate subjects' wealth from a range of public information, based on values in January each year. They typically explain their actions by stating: "We measure identifiable wealth, whether land, property, racehorses, art or significant shares in publicly quoted companies. We exclude bank accounts—to which we have no ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Great North Eastern Railway
Great North Eastern Railway, often referred to as GNER, was a train operating company in the United Kingdom, owned by Sea Containers, that operated the InterCity East Coast franchise on the East Coast Main Line between London, Yorkshire, North East England and Scotland from April 1996 until December 2007. During March 1996, Sea Containers was awarded the franchise to operate the East Coast services; it begin operations on 28 April 1996. Initially receiving a favourable reception, the company brought in several service alterations and innovations, including the leasing of Class 373 ''Regional Eurostars'' along with the refurbishment of the InterCity 225 fleet. However, GNER's reputation and passenger numbers were both hit by a pair of derailments during the early 2000s, the Hatfield rail crash and the Great Heck rail crash. Plans to procure a fleet of tilting trains based on the Pendolino were mooted by the company, but were discarded amid a protracted and complex refranchisin ...
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Venice-Simplon Orient Express
The ''Venice Simplon-Orient-Express'' (VSOE) is a private luxury train service from London to Venice and other European cities. It is currently owned by Belmond, which operates 45 luxury hotels, restaurants, tourist trains and river cruises in 24 countries. These VSOE services are not to be confused with a regularly scheduled train called the Orient Express, which ran nightly between Paris and Bucharest – in the last years of operation cut back to between Strasbourg and Vienna – until 11 December 2009. This latter was a normal EuroNight sleeper train and was the lineal descendant of the regular Orient Express daily departure from Paris to Vienna and the Balkans. While this descendant train was primarily used for every sort of passengers to Central and Eastern Europe, applying only the standard international train fares, the VSOE train is aimed at tourists looking to take a luxury train ride. Fares on the Venice Simplon-Orient-Express are high as the service is intended no ...
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