blue-chip company

Blue-chip company

Used in the context of general equities. Large and creditworthy company. Company renowned for the quality and wide acceptance of its products or services, and for its ability to make money and pay dividends. Gilt-edged security.

Blue Chip Stock

Stock in a well-known and highly respected publicly-traded company. Blue chip companies are usually financially sound and are thought to be relatively low-risk investments. They tend to be less volatile than other companies and to provide solid growth to portfolios. Examples in the United States include General Electric and Coca-Cola. Indices such as the Dow Jones Industrial Average tracks blue chip stocks.

‘blue-chip’ company

a large well established JOINT-STOCK COMPANY, with considerable assets whose SHARES investors regard as a low-risk investment.
References in periodicals archive ?
The blue-chip company, which won the Golden Peacock award for corporate responsibility, successfully launched Sardar Package Scheme in 19 drought-prone districts of Gujarat to save water and power.
The 50% stake is up for sale after the blue-chip company said it received unsolicited approaches for the holding, which has been valued by City analysts at between pounds 16bn to pounds 23bn.
SHARES in mobile phone giant Vodafone rose by more than 4% after the blue-chip company announced plans for a pounds 2bn special dividend.
The study also found that one in six blue-chip company directors did not receive a bonus as the recession savaged UK corporates in 2009, while bonus payments that were made were slashed by around 20%.
The blue-chip company paid 725p a share for its 22% stake - pounds 239.4m - but Venture signalled any subsequent takeover move from Centrica would require a much higher offer price.
The blue-chip company said letters had been sent that urged them to sell shares or face their personal details being posted on a website.
The days of lifetime employment with a blue-chip company guaranteeing a rich pension are over.
Fellow blue-chip company Severn Trent gained 23.5p to 928p.
"Usually when people hear the business plan for a blue-chip company was written on the back of a cocktail napkin, they think it's a cute anecdote dreamed up by a journalist," says Bates.
"When a blue-chip company like Mercedes-Benz chooses to build its new headquarters in New York, it's more than just a practical business decision it's a symbol of excellence and faith in New York's future.
Accountancy firm Pricewaterhouse Coopers also found that one in six blue-chip company directors got no bonus in 2009 - while bonuses that were made were slashed by about 20%.
The blue-chip company will take on back-office work for the local authority and then hopes to roll the service out to other councils across the UK, with a new site on the banks of the Tyne acting as its national headquarters.