Certain companies are only known by their initials EMAP, EMI, HMV, WPP are these dealing codes or do they mean something?
All quoted companies do indeed have their own (Stock Exchange) dealing codes, but the stocks mentioned here are slightly different, since they originate from historic names, sometimes unconnected with what their main line of business is today. EMAP originally stood for East Midlands Allied Press, EMI for Electric and Musical Industries, HMV for His Master’s Voice and WPP (oddly) for Wire and Plastic Products apparently Sir Martin Sorrell chose this wire basket manufacturer as his foundation company for building up the global advertising company we know today. Other founders or owners have similarly added their mark, such as the partner T E S tockwell and founder Jack Co hen (Tesco) and Sir Alan Sugar or A lan M ichael S ugar Trad ing (Amstrad).
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