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Falkland Islands Holdings Plc (FIH) is a company which plays a key role in the economy of the Falkland Islands. It is a British registered company, with its head office in the town of Bishop's Stortford in England, and an operational office in Stanley, the capital of the Falklands. It is a public company which is traded on the Alternative Investment Market (AIM) in London. Bishops Stortford is a town in Hertfordshire, England. ...
Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location within the UK Official language English de facto Capital London de facto Largest city London Area - Total Ranked 1st UK 130,395 km² Population - Total (mid-2004) - Density Ranked 1st UK 50. ...
Numerous people, places and things are named Stanley or Stanly. ...
AIM or the Alternative Investment Market is a stock market in London trading in smaller capital, newer and more adventurous companies than the London Stock Exchange. ...
The clock tower of the Palace of Westminster, which contains Big Ben London is the capital city of the United Kingdom and of England. ...
History
The company's key subsidiary, the Falkland Islands Company (FIC), was incorporated in 1851 and received its Royal Charter on 10 January 1852. Established with an authorised capital of £100,000 its purpose was to engage in agricultural and general trading activities. It established shops and a shipping line, and by 1945 it owned 1.2 million acres in the Falklands and a flock of 300,000 sheep. It first listed on the London Stock Exchange in 1962. In 1972 it was acquired by The Dundee Perth and London Shipping Company, and two further changes of ownership occurred before it became independent again as Falkland Islands Holdings in 1997. Meanwhile the agricultural holdings had been sold to the Falkland Islands Government in 1991. In 2004 FIH diversified by acquiring stakes in Falkland Gold and Minerals Limited (FGML) and Falkland Oil and Gas Limited (FOGL), which were both established to exploit potential mineral developments in the Falklands, and full ownership of the Portsmouth Harbour Ferry Company (PHFC) which operates the passenger ferry across the mouth of Portsmouth Harbour in England. In the United Kingdom and Canada a Royal Charter is a charter granted by the Sovereign on the advice of the Privy Council, which creates or gives special status to an incorporated body. ...
Binomial name Ovis aries Linnaeus, 1758 A sheep is any of several woolly ruminant quadrupeds, but most commonly the Domestic Sheep (Ovis aries), which probably descends from the wild moufflon of south-central and south-west Asia. ...
The Source by Greyworld, in the new LSE building The London Stock Exchange (abbreviated LSE) is a stock exchange located in London. ...
This article is about the English city of Portsmouth. ...
Current activities Falkland Islands Company Limited (100% owned by FIH) FIC's operations are small by the standards of a large country, but in the Falkland Islands, which have a population of around 3,000, they are crucial. - Retail & Distribution: several outlets in Stanley and Mount Pleasant including a supermarket (featuring supplies from Waitrose), a gift shop, a home entertainment shop, a homecare centre, an office supplier, a building supplies company and a clothes shop. There is also a restaurant.
- Upland Goose Hotel: an 18 bedroom hotel which dates from the mid 19th century and was originally called the Eagle Inn.
- Darwin Shipping: the main shipping link between the Falkland Islands and the United Kingdom. FIC can also arrange coastal shipping and shipping to Chile, which is the nearest country to the Falklands excluding Argentina.
- Port services: cargo handling, warehousing, refuelling and maintenance.
- Automotive agency: a Land Rover dealership, a Caterpillar agency, and boat maintenance.
- Property: FIC owns residential property for let, as well as commercial units and development land.
- Insurance: a general insurance agency and a Lloyd's agency.
Falkland Gold and Minerals Limited (14.4% owned by FIH)
This company was established in 2004 and raised £10 million to prospect for gold and other minerals in the Falklands. It has the only mineral exploration licence on the islands, with rights to prospect almost all of the landmass. Waitrose is a British supermarket chain owned by the John Lewis Partnership. ...
Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ...
The striking caterpillar of the Emperor Gum Moth A caterpillar is the larval form of a lepidopteran (a member of the insect order comprising butterflies and moths). ...
Lloyd’s Building, London (with the blue cranes) Lloyds of London is a British insurance market. ...
Falkland Oil and Gas Limited (18.3% owned by FIH)
For many years there has been speculation that the waters around the islands may contain large reserves of oil and gas. Falkland Oil and Gas is carrying out seismic surveys across thousands of square miles of seabed, mainly to the south and east of the islands, and as of 2005 it hopes to start drilling in 2007. Falkland Oil and Gas is itself an AIM listed company.
Portsmouth Harbour Ferry Company plc (100% owned by FIH)
This company operates a ferry service between Portsmouth and Gosport, two large towns on the south coast of England which lie on adjacent peninsulas. This article is about the English city of Portsmouth. ...
other places of this name include Gosport, Indiana and Gosport, Ontario Gosport is a town and district in Hampshire with around 78,000 inhabitants, situated on the south coast of England. ...
For the year ended 31 March 2005 Falkland Islands Holdings Plc's turnover was £12.754 million. Profits were £874,000 before tax and £592,000 after tax.
See also Economy - overview: The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. ...
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