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Historique
Globe Telegraph and Trust Company Limited was incorporated in 1873 by John Pender, a Liberal MP, who also founded the Eastern and Associated Telegraph Companies Group. Globe was formed in order to spread the short term risk of cable laying over a number of companies, and shares in Globe were offered in exchange for shares in submarine telegraph and associated companies. The Eastern and Associated Telegraph Companies Group, meanwhile, was built up by Pender over a number of years in the late 19th century.
In 1928 the Imperial Wireless and Cable Conference recommended that the overseas cable and wireless resources of the British Empire be merged into one system. As a result Cable and Wireless Limited (known from 1934 as Cable and Wireless (Holding) Limited) was formed in 1929 to acquire the shares of both the Eastern Group and the Marconi company, and Imperial and International Communications Ltd (known from 1934 as Cable and Wireless Limited) was formed also in 1929 to acquire the communications assets of both the Eastern Group and the Marconi company.
In 1935 Globe Telegraph and Trust Co Ltd acquired Cables Investment Trust Limited as a subsidiary. Since 1948 Globe and its associates have been concerned chiefly with general investment business, and in 1969 Globe was renamed as Globe Investment Trust Limited. Cables Investment Trust Ltd was renamed in 1975 as Electra Investment Trust Limited.