He mostly concentrates on second rank industrial shares, because they appreciate more than blue chip stocks. (meetinvest.com)
A 1980 analysis by Karlheinz Reif and Hermann Schmitt concluded that European elections were fought on national issues and used by voters to punish their governments mid-term, making European Parliament elections de facto national elections of second rank. (en.wikipedia.org)
This is conditional on the basis that Fonterra gains second ranking over Bellamy's assets, subject to consent by Bellamy's bank HSBC. (afr.com)