Funds which are managed outside of the UK.

A market where only a few firms control the percentage of total sales.

On-going costs for running a business, service or system that includes day-to-day expenditure such as sales and administration. Compare with capital expenditure, which is money spent on fixed assets or extensions to already-owned fixed assets. A photocopier, for example, would involve capital expenditure whereas toner and paper for the photocopier would be operating expenditure.

The profit or loss a company makes. These figures reflect how the business is performing.

Also known as common shares, this is one unit of a businesses share capital.

Costs that do not vary regardless of the level of production and are not usually directly involved with the cost of production, such as rent.