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In 1921, notes were issued by the East African Currency Board in denominations of 5/-, 10/-, 20/-, 100/-, 200/-, 1,000/- and 10,000/-, with the notes of 20 shillings and above having their denominations expressed also in pounds (£1, £5, £10, £50 and £500). In 1943, 1/- notes were issued, the only occasion that such notes were produced ...
In October 2015, TDR Capital purchased a minority stake in Euro Garages. [27]In February 2016, Euro Garages formed a franchise partnership with KFC. [28]In October 2016, Euro Garages merged with TDR Capital's European Forecourt Retail group (EFR), to create Intervias Group, a new group comprising 1,450 locations, with a presence in the UK, France, the Netherlands, Belgium and Luxembourg.
Asda then completed a rights issue in November 1991 that raised £357 million and cut the company's debts to £668 million. In May 1992, Asda reduced their prices back to their traditional level (5–7% below competitors) and announced that they would eliminate over 500 management positions.
Of the world's 500 largest companies, 26 are headquartered in the UK. [18] The economy is boosted by North Sea oil and gas production; its reserves were estimated at 2.8 billion barrels in 2016, [19] although it has been a net importer of oil since 2005. [20] The size of London's economy makes it the largest city by GDP in Europe. [21]
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From mid-2003 to mid-2007, the pound/euro rate remained within a narrow range (€1.45 ± 5%). [ 117 ] Following the 2007–2008 financial crisis , sterling depreciated sharply, declining to £1 to US$1.38 on 23 January 2009 [ 118 ] and falling below £1 to €1.25 against the euro in April 2008. [ 119 ]
In February 2024, it was reported that Zuber Issa was seeking to sell his 22.5 per cent stake in Asda to focus on other areas of business. [23] It was reported that the equity was worth £500 million. [23] In March 2024, Mohsin told the BBC that he was carrying out a "reset" at the grocer, before appointing a chief executive to succeed him. He ...
However, both world record in euro and in pound sterling were broken by Real themselves when signing Cristiano Ronaldo for £80m (€94m) from Manchester United in the same transfer window, [70] [83] Four years later Real Madrid broke the record again after completed the signing of Gareth Bale from Tottenham Hotspur in 2013. Although Real ...