BA "Franchises"?

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Can anyone explain why British Airways has two "franchises" based in London
that fly full-sized jets? I'm referring to GB Airways and British
Mediterranean Airways. Both are described at
http://www.britishairways.com/travel/bafran/public/en_us amongst listings
for what in the USA would be regional airlines as well as three airlines
based in Africa that apparently fly under BA colors.

GB Airways and British Mediterranean Airways seem to have very specific
mandates, but I can't figure out why those mandates aren't served by the
main line. Is this at all related to airlines that have separately marked
planes for flights to Taiwan?

Curious, but not flaming anyone,
Nick

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