Caledonia Investments
{{Short description|British investment trust}}
{{Infobox company
| name = Caledonia Investments plc
| industry = Investment trust
| type = Public
| traded_as = {{lse|CLDN}}
FTSE 250 component
| logo = Caledonia Investments logo.svg
| founded =
| founders =
| hq_location_city = London, England, UK
| website = {{URL|https://caledonia.com}}
}}
Caledonia Investments plc is a self-managed investment trust company based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company which became Caledonia Investments was incorporated in 1928 as the Foreign Railways Investment Trust Ltd.{{cite web|url=https://www.fundstrategy.co.uk/have-investment-trusts-been-hit-by-a-wall-of-assets/|title=Have investment trusts been hit by a wall of assets?|publisher= Fund Strategy|access-date=29 March 2016}} It was acquired by the Cayzer family in 1951 to hold their diverse interests and was renamed Caledonia Investments Ltd. In 1955 Caledonia acquired the Cayzer family's interest in the British & Commonwealth Shipping Co. Ltd, formed out of the merger of Clan Line (started by the Cayzer family in 1881) and Union-Castle Line.{{cite web|url=http://charlescayzer.crazybillionaire.org/charlescayzer.php |title=Cayzer family braced for Caledonia showdown |publisher=Independent.co.uk |date=7 June 2001 |access-date=6 February 2011}} In 1960 the company was listed on the London Stock Exchange and in 1981 their name was changed to Caledonia Investments PLC. After their holding in British & Commonwealth was sold in 1987, Caledonia Investments became a diversified trading and investment company,{{cite web|title=We are family: seven investment trusts where blood runs deep|url=https://citywire.com/wealth-manager/news/we-are-family-seven-investment-trusts-where-blood-runs-deep/a844339|date=29 September 2015|newspaper=City Wire|access-date=18 February 2023}} which in turn was converted into a UK Investment trust company on 1 April 2003.{{cite web|url=http://telegraphinvestor.moneyam.com/news/article/4151977/Caledonia-Investments-beats-index.html/?epic=CLDN|title=Caledonia Investments beats index|date=25 May 2011|publisher=The Telegraph|access-date=26 March 2016|archive-url=https://web.archive.org/web/20160414013754/http://telegraphinvestor.moneyam.com/news/article/4151977/Caledonia-Investments-beats-index.html/?epic=CLDN|archive-date=14 April 2016|url-status=dead}} The Cayzer family collectively owns some 48.5% of the share capital of Caledonia Investments plc.{{cite web|url=http://www.sharesmagazine.co.uk/article/funds-caledonia-investments|title=Caledonia plays a patient game|date=20 June 2013|publisher=Shares Magazine|access-date=29 March 2016}}
Operations
Caledonia is a self-managed investment trust. It takes significant holdings in listed equities, private companies and funds. Taking a long term investment approach, Caledonia Investments is a value investor with a global outlook. David Stewart is the chair and Mat Masters the chief executive.{{cite web|url=https://portfolio-adviser.com/caledonia-exits-ag-barr-after-45-years/|title=Caledonia exits AG Barr after 45 years | publisher=Portfolio Adviser|date=22 November 2022|access-date=3 November 2022}}
References
{{Reflist|30em}}
External links
- [https://www.caledonia.com Company website]
{{FTSE 250 Index constituents}}
{{Authority control}}
{{DEFAULTSORT:Caledonia Investments}}
Category:Investment trusts of the United Kingdom
Category:Companies based in the City of Westminster