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Lender Option Borrower Option
Lender option borrower option or lender's option borrower's option (LOBO) is a long term borrowing instrument available in the United Kingdom. They involve periodic interest re-fixings, which incorporates two linked options:How Councils Blow Your Millions: Channel 4, Channel 4 UK Dispatches (TV series), Dispatches transmitted 06 July 201- News release/ref> * lender's option: option for the lender to set revised (usually higher) interest rates at predetermined interest reset dates such as annually. * borrower’s option: linked option for the borrower (exercisable only if the lender’s option is exercised) to pay the revised interest rate or to redeem the bond although that may involve exit fees. They are provided by banks and the loan contract runs for between 40 and 70 years. There is no regulatory body responsible for overseeing their use. Origins Public bodies are able to borrow money through government Public Works Loan Board (PWLB) loans, however borrowing from banks in the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Channel 4
Channel 4 is a British free-to-air public broadcast television network operated by the state-owned enterprise, state-owned Channel Four Television Corporation. It began its transmission on 2 November 1982 and was established to provide a fourth television service in the United Kingdom. At the time, the only other channels were the television licence, licence-funded BBC One and BBC Two, and a single commercial broadcasting network ITV (TV network), ITV. The network's headquarters are based in London and Leeds, with creative hubs in Glasgow and Bristol. It is publicly owned and advertising-funded; originally a subsidiary of the Independent Broadcasting Authority (IBA), the station is now owned and operated by Channel Four Television Corporation, a public corporation of the Department for Digital, Culture, Media and Sport, which was established in 1990 and came into operation in 1993. Until 2010, Channel 4 did not broadcast in Wales, but many of its programmes were re-broadcast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contributoria
Contributoria was an independent journalism network founded by Matt McAlister, Sarah Hartley and Dan Catt. It operated as a division of Guardian Media Group, the company that owns British daily national newspaper The Guardian. It launched on 6 January 2014 and published its final issue on 1 September 2015 after running for 21 issues in print and online. Purpose Sarah Hartley, editor and co-founder of the platform has said: "Contributoria is designed to operate like a cooperative and inspire professional writers and journalists to support each other. Finding new ways to fund quality journalism for freelance writers will help keep a diversity of published voices online. I encourage all journalists and writers to join up and help shape what could be the future of writing." Funding The platform was initially funded as a winner of the News Innovation Contest from the International Press Institute and sponsored by Google. Development In March 2015, Contributoria introduced a new featur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Worcestershire County Council
Worcestershire County Council is the county council for the non-metropolitan county of Worcestershire in England. The most recent elections to it were in 2021. Worcestershire County Council has its headquarters at County Hall in Worcester, which was also the headquarters for the preceding Hereford and Worcester County Council. Worcestershire County Council was created in 1889; it was abolished in 1974 and replaced by Hereford and Worcester County Council, and was eventually recreated in 1998. It consists of 57 Councillors elected every four years, and is currently controlled by the Conservative Party. Governance Worcestershire County Council currently operates using a Leader and Cabinet system. The Council is currently composed of 57 councillors, the majority representing a single-member division. Elections are held every four years; the last in 2021. Cabinet Worcestershire County Council's cabinet is composed of nine Conservative councillors and the Conservative Lea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bolton News
''The Bolton News'' – formerly the ''Bolton Evening News'' – is a daily newspaper and news website covering the towns of Bolton and Bury in north-western England. Published each morning from Monday to Saturday and online every day, it is part of the Newsquest media group, a subsidiary of the U.S media giant Gannett Inc. Briefly ''The Bolton News'' has an approximate circulation of 7,589.Hold The Front Page On 11 September 2006 the ''Bolton Evening News'' became ''The Bolton News'', which saw the newspaper being sold from the morning onwards. It considered several names, including ''Bolton Daily News'' and ''Bolton News''. Newsquest bought these internet domain names in May 2006. The editor of ''The Bolton News'' is Richard Duggan (who also oversees oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bolton Metropolitan Borough Council
Bolton Council, also called Bolton Metropolitan Borough Council is the local authority of the Metropolitan Borough of Bolton in Greater Manchester, England. It is a Metropolitan Borough Council, one of ten in Greater Manchester and one of 36 in the Metropolitan Counties of England, and provides the majority of local government services in Bolton Metropolitan Borough. History The current local authority was first elected in 1973, a year before formally coming into its powers and prior to the creation of the Metropolitan Borough of Bolton on 1 April 1974. The Council gained Borough status, entitling it to be known as Bolton Metropolitan Borough Council. Political control Since the 2019 election, Bolton has been under no overall control, with the Conservatives leading the council with the support of other parties. The leader of the council since August 2021 has been Martyn Cox. Wards and Councillors There are 20 Wards, each represented by three Councillors. Elected to comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge News
The ''Cambridge News'' (formerly the ''Cambridge Evening News'') is a British daily newspaper. Published each weekday and on Saturdays, it is distributed from its Waterbeach base. In the period December 2010 – June 2011 it had an average daily circulation of 20,987, but by December 2016 this had fallen to around 13,000. In 2018, the circulation of the newspaper fell to 8,005 and by June 2022 the preceding 6-month average was 3,552 readers per issue. History The paper was founded by William Farrow Taylor as the ''Cambridge Daily News'' in 1888, and after a slow start saw sales rise as an appetite for knowledge of the news and sport grew among the Cambridge public. As its following steadily grew, the fledgling paper survived the need for modernisation in the early twentieth century (Captain Archibald Taylor, son of the founder, was the first managing director to introduce a standard typeface during this time, for example), the uncertain economic climate during the 1920s and 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siemens Financial Services
Siemens Financial Services (SFS) is a Division of Siemens. The company’s global headquarters is in Munich, Germany. SFS offers international financing solutions in the business-to-business area. Financial Services serves Siemens as well as other companies – primarily in the energy, industry, healthcare and infrastructure & cities markets. The division finances infrastructure, equipment as well as working capital investments, and acts as a manager of financial risks within Siemens AG. The network of financing companies coordinated by Siemens Financial Services GmbH in Munich comprises about 3,150 employees worldwide. History The Siemens Group first bundled its financial activities into an organizational unit in October 1997. In addition to developing the financial business, the main focus at the time was to increase transparency for investors – by creating a separate financing balance sheet. Since 1999, Siemens Financial Services has been the center of expertise for financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dexia
Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, and an orderly resolution process began in October 2011. As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as . The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down. Profile In the 2010 Fortune Global 500 (which lists companies by total inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridgeshire County Council
Cambridgeshire County Council is the county council of Cambridgeshire, England. The council consists of 61 councillors, representing 59 electoral divisions. The council is based at New Shire Hall at Alconbury Weald, near Huntingdon. It is a member of the East of England Local Government Association. Since May 2021, it has been run by a joint administration of the Liberal Democrats, Labour Party, and independent groups. History Cambridgeshire County Council was first formed in 1889 as a result of the Local Government Act 1888, as one of two county councils covering Cambridgeshire; the other was the Isle of Ely County Council. In 1965 the two councils were merged to form Cambridgeshire and Isle of Ely County Council. This arrangement lasted until 1974 when, following the Local Government Act 1972, Cambridgeshire and Isle of Ely was merged with Huntingdon and Peterborough to form a new non-metropolitan county of Cambridgeshire under the control of a newly constituted Cambridg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plymouth Herald
''The Herald'' is a Reach plc newspaper serving Plymouth. Its website and social media were rebranded as ''Plymouth Live'' in 2018. Its editor is Edd Moore. Print and online presence The newspaper's average circulation was 6,430 in the first six months of 2022, made up of 5,072 paid-for single issues and 1,358 paid subscriptions. ''The Herald'' is published six days a week, Monday to Saturday, and has a single edition. It is owned by Reach plc, formerly known as Trinity Mirror. Its sister titles include the ''Express & Echo'' in Exeter, the ''Herald Express'' in Torquay and the ''Western Morning News''. Over 80% of the local adult population in the Plymouth region were said to use ''The Herald's'' website in 2013. In 2018, ''The Herald's'' website was rebranded as ''Plymouth Live'' by Reach plc. Its sister websites are ''Devon Live'' and ''Cornwall Live''. ''Plymouth Live'' is active on social media, regularly posting breaking news, pictures and videos on its Facebook, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plymouth City Council
Plymouth City Council is the unitary authority for Plymouth, Devon. It has traditionally been controlled by Labour or the Conservatives. The council is currently in a state of no overall control, with the Conservatives governing as a minority administration. The council is run using the leader and cabinet model, where the leader of the council—normally the leader of the majority party—is selected by fellow councillors, who also select the executive, commonly referred to as the cabinet. The current leader of the council is Richard Bingley of the Conservative Party and the opposition group leader is Tudor Evans of the Labour Party. History Plymouth was recorded as a borough from 1276 and was incorporated in 1439. In April 1889, as a result of the reform of local government by the Local Government Act 1888, Plymouth became a self-administering county borough. In 1914, the Borough of Plymouth was united with the adjoining boroughs of Devonport and Stonehouse and in 1928, be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walsall Metropolitan Borough Council
Walsall Council, formerly Walsall Metropolitan Borough Council was created in 1974 to administer the newly formed Metropolitan Borough of Walsall. Walsall Metropolitan Borough Council was assessed by the Audit Commission in 2008 and judged to be "improving well" in providing services for local people. Overall the council was awarded "three star" status meaning it was "performing well" and "consistently above minimum requirements", similar to 46% of all local authorities. The council offices are located at the Civic Centre in the heart of Walsall. Elections to the council take place in three out of every four years, with one-third of the seats being contested at each election. Between its formation in 1974 and the 2003 election, the council varied between control by the Labour Party, and where no one party had an overall majority. From 2003 to the 2011 election the Conservative Party then held a majority of councillors. However, in 2011 Labour made eight gains, including 5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
