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Tony Rudd (stockbroker)
Riley Anthony Winton Rudd (24 April 1924 – 29 May 2017) was an English stockbroker who found success in the world of technology start-ups, but came under censure from the Department of Trade and Industry for his business practices. Among his children were the politician Amber Rudd and the public relations executive Roland Rudd. Early life Tony Rudd was born in Wandsworth, London, on 24 April 1924 to the businessman Frederick Rudd and a Miss Maguire, later being brought up by Frederick's ex wife Grace Winton Rudd (née Brown). He was educated at Blundell's School before going up to University College, Oxford, to read Philosophy, Politics and Economics. His studies were interrupted by the Second World War during which he served as a navigator for a Polish squadron in the Royal Air Force. He flew in Mosquitos and had to bail out over Germany with his pilot after their aircraft was hit by fire from a United States aircraft in a friendly fire incident.
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Wandsworth
Wandsworth Town () is a district of south London, within the London Borough of Wandsworth southwest of Charing Cross. The area is identified in the London Plan The London Plan is the statutory spatial development strategy for the Greater London area in the United Kingdom that is written by the Mayor of London and published by the Greater London Authority. The regional planning document was first pu ... as one of 35 major centres in Greater London. Toponymy Wandsworth takes its name from the River Wandle, which enters the River Thames, Thames at Wandsworth. Wandsworth appears in Domesday Book of 1086 as ''Wandesorde'' and ''Wendelesorde''. This means 'enclosure of (a man named) Waendel', whose name is also lent to the River Wandle. To distinguish it from the London Borough of Wandsworth, and historically from the Wandsworth District (Metropolis), Wandsworth District of the Metropolis and the Metropolitan Borough of Wandsworth, which all covered larger areas, it is al ...
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Michael Spencer
Michael Alan Spencer, Baron Spencer of Alresford (born 30 May 1955), sometimes known as "Spens", is a British billionaire businessman and philanthropist. He is the founder of NEX Group, a UK-based business focused on electronic markets and post-trade business which was acquired by CME Group in November 2018. NEX Group was formerly known as ICAP, until the sale of its voice-broking business to Tullett Prebon in December 2016. Spencer was described in 2018 as the richest self-made person in the City of London and a "City grandee". According to the ''Sunday Times Rich List'' in 2021, he is worth an estimated £1.2 billion. He was awarded a peerage in August 2020 in the Political Honours List. Education Spencer was born in British Malaya. His father was an economist and international civil servant, his mother a linguist. During Spencer's early childhood, his family moved from his birth country to Sudan and then Ethiopia. Aged eight, he was sent to England to board, latterly at Wort ...
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John FitzGerald, Baron FitzGerald
John David FitzGerald, Baron FitzGerald, PC, PC (Ire) (1 May 1816 – 16 October 1889) was an Irish judge and Liberal politician. Background Born in Dublin, he was the son of the merchant David FitzGerald and his wife Catherine, eldest daughter of David Leahy. His sister Kate was married to Charles Robert Barry and his youngest sister Emily to Denis Caulfield Heron. FitzGerald was educated at Trinity College Dublin and was called to the bar by King's Inns in 1838. In 1870, he received an Honorary Doctorate of Laws by the University of Dublin. Career FitzGerald became a Queen's Counsel in 1847 and was judge of the Munster circuit. He entered the House of Commons in 1852, sitting for Ennis the next eight years. In 1855, FitzGerald was first elected a bencher, then nominated Solicitor-General for Ireland. He became Attorney-General for Ireland a year later, on which appointment he was sworn of the Privy Council of Ireland. FitzGerald held the former post until 1858 and after a ...
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Private Eye (magazine)
''Private Eye'' is a British fortnightly satirical and current affairs news magazine, founded in 1961. It is published in London and has been edited by Ian Hislop since 1986. The publication is widely recognised for its prominent criticism and lampooning of public figures. It is also known for its in-depth investigative journalism into under-reported scandals and cover-ups. ''Private Eye'' is Britain's best-selling current affairs magazine, and such is its long-term popularity and impact that many of its recurring in-jokes have entered popular culture in the United Kingdom. The magazine bucks the trend of declining circulation for print media, having recorded its highest ever circulation in the second half of 2016. It is privately owned and highly profitable. With a "deeply conservative resistance to change", it has resisted moves to online content or glossy format: it has always been printed on cheap paper and resembles, in format and content, a comic as much as a seriou ...
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Venture Capitalism
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first round ...
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Plessey
The Plessey Company plc was a British electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics. It expanded after World War II by acquisition of companies and formed overseas companies. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. In 1989, it was taken over by a consortium formed by GEC and Siemens which split the assets of the Plessey group. The majority of Plessey's defence assets were amalgamated into BAE Systems in 1999 when British Aerospace merged with the defence arm of GEC, Marconi Electronic Systems (MES). A small portion of the defence market, mostly embedded electronic systems and circuitcards remained with GE, formerly GE Fanuc and GE Intelligent Platforms (GE-IP) and now Abaco Systems based in Huntsville, Alabama, and in Towcester, Northamptonshire. The bulk of Plessey's telecommunications assets were acquired by Ericsson through its 2005 acquisition of Marconi ...
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Rotork
Rotork plc is a British-based company manufacturing industrial flow control equipment. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The company was established as a small engineering workshop in Bristol in the 1940s. In 1945 it was acquired by ''Frenchay Products'' led by Jeremy Fry. It made its first actuator in 1952.History of Rotork plc
Funding Universe
In 1957 Rotork moved to Bath, initially operating from Widcombe Manor, Jeremy Fry's home, with 12 staff. In 1962 it moved into a new production plant in
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Racal Electronics
Racal Electronics plc was a British electronics company that was founded in 1950. Listed on the London Stock Exchange and once a constituent of the FTSE 100 Index, Racal was a diversified company, offering products including voice loggers and data recorders, point of sale terminals, laboratory instruments and military electronics, including radio and radar. At its height it was the third largest British electronics firm; it operated throughout 110 countries worldwide and employed over 30,000 people. It was the parent company of Vodafone, before the mobile telephony provider was sold in 1991. Racal was purchased by Thomson-CSF (now Thales Group) in 2000, thereby giving the French firm access to the UK defence and armaments market. In 2001, Racal Instruments, Inc. became an independent company after a leveraged buyout from Thales. In 2004, Racal Instruments, Inc. was acquired by EADS North America Defense and Test Services, Inc., which was then acquired by Astronics Corporati ...
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Not A Penny More, Not A Penny Less
''Not a Penny More, Not a Penny Less'' was Jeffrey Archer's first novel, first published in 1976. It was said to have been inspired by Archer's real-life experience of near-bankruptcy. Synopsis Harvey Metcalfe, a Polish immigrant to the United States, rises from messenger boy to corporate magnate, combining business skills with little loyalty and much ruthlessness. Over 40 years, he has mastered the shady deal, and by the 1960s is a multi-millionaire. Taking advantage of a British decision to allow companies to claim North Sea oil drilling rights with little money down, Metcalfe creates Prospecta Oil, a paper company designed to look good and bring in investors, to be left hanging out to dry when the bottom drops out. Metcalfe's agents hire David Kesler, a Harvard MBA who talks up the company to the four protagonists: Stephen Bradley, an American professor at the University of Oxford; Dr Robin Oakley, a Harley Street doctor; Jean-Pierre Lamanns, a French art dealer with a gall ...
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Jeffrey Archer
Jeffrey Howard Archer, Baron Archer of Weston-super-Mare (born 15 April 1940) is an English novelist, life peer, convicted criminal, and former politician. Before becoming an author, Archer was a Member of Parliament (1969–1974), but did not seek re-election after a financial scandal that left him almost bankrupt. Archer revived his fortunes as a novelist. His 1979 novel ''Kane and Abel'' remains one of the best-selling books in the world, with an estimated 34 million copies sold worldwide. Overall his books have sold more than 320 million copies worldwide. Archer became deputy chairman of the Conservative Party (1985–86), before resigning after a newspaper accused him of paying money to a prostitute. In 1987, he won a court case and was awarded large damages because of this claim. He was made a life peer in 1992 and subsequently became Conservative candidate to be the first elected Mayor of London. He resigned his candidacy in 1999 after it emerged that he had lied in ...
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Stroke Association
The Stroke Association is a charity in the United Kingdom. It works to prevent stroke, and to support everyone touched by stroke, fund research, and campaign for the rights of stroke survivors of all ages. History The Stroke Association was formed in 1992 out of the Chest, Heart and Stroke Association (CHASA), to focus exclusively on stroke. The preceding decades had seen the development of community based rehabilitation programs based on the work of Valerie Eaton Griffiths with actress Patricia Neal – wife of author Roald Dahl - following her series of severe strokes in the 1960s. Supported by the CHASA, these services became an increasingly significant part of their work until the charity decided to focus all of its attention and resources on stroke to become the Stroke Association. Juliet Bouverie was appointed chief executive of the Stroke Association in June 2016. Juliet was awarded the Order of the British Empire Medal (OBE) in the Queen’s 2020 New Years Honours li ...
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Guinness Scandal
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 e ...
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