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HarbourVest Global Private Equity , a diversified listed private equity investment company, could see its share price rise by more than 40%, according to analysts at investment banks Peel Hunt and Jefferies. Richard Hickman, the managing director of HVPE, describes it as the "most diversified, listed private equity investment company in London." "We're a global fully diversified portfolio covering buyout funds, the more established businesses from small cap through medium to large cap." NAV represents the value of an investment fund's assets per share. They estimate that share buybacks at the current discount could result in a 1.4% uplift in net asset value per share.
Persons: Peel Hunt, Jefferies, Richard Hickman, HVPE, Hickman, Alan Brierley, Ben Newell, Warren, Buffett Organizations: HarbourVest Global, Equity, Peel, London Stock Exchange, CNBC, NAV, Jefferies, Investec Locations: London
London CNN —British lawmaker Craig Mackinlay has received a standing ovation in Parliament as he returned to the House of Commons after undergoing a quadruple amputation following a sepsis infection. The life-threatening condition requires urgent medical care to prevent organ damage and death. Mackinlay’s wife, Kati Mackinlay, told GB News that doctors told her he had only a 5% chance of survival, but she remained hopeful. “I always knew that Craig would pull through and he did.”The operation, in which his arms were amputated from the elbow and his legs from the knee, took around 4-5 hours, Mackinlay told GB News. “Get back into the saddle, get back into Parliament, get back doing the things I enjoy,” he told GB News.
Persons: Craig Mackinlay, Victoria Jones, , Mackinlay, Jessica Taylor, it’s, he’s, Kati Mackinlay, , Craig Organizations: London CNN, Conservative, BBC, US Centers for Disease Control, Reuters Locations: South Thanet, England
A man died and dozens of others were injured due to turbulence on a Singapore Airlines flight. Videos and photos from inside the cabin show the extent of the damage, including a bloodied ceiling. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 73-year-old British man died, and 71 others were injured when a Singapore Airlines flight was hit by severe turbulence on Tuesday. 80 people are still in Bangkok, including those receiving medical care and their families or loved ones, according to the airline.
Persons: Organizations: Singapore Airlines, Service, Boeing, Business Locations: Bangkok, London Heathrow, Singapore Changi, Myanmar
The photograph, taken in 2008 by the late British photographer Tim Hetherington, is from a time when nearly a fifth of all combat in Afghanistan was taking place in the six-mile valley. Tim HetheringtonBoth Hetherington and Junger became “enamoured with the opportunity to show the intimacy of a platoon in combat,” Junger said in an interview via telephone. “My examination of young men and violence, or of young men… It’s as much a journey about my own identity as it is about those young soldiers,” he wrote. ‘It took a little bit from his soul’In this process, Hetherington worried about how photography could be extractive. He wrote of the young men he met there: “They are grimily happy that we are here to help them.
Persons: Tim Hetherington, , Sebastian Junger, Hetherington, Doc, Kelso, Junger, ” Junger, “ Restrepo ”, Bobby, , Tim Hetherington Junger, ” Young, James Brabazon, Tim Hetherington Brabazon, Brabazon, “ Tim, , Cortez, Greg Brockett, I’m, Stephen Mayes, Tim Hetherington Hetherington, wasn’t, , ” Tim Hetherington, , Mayes, Tim, he’d, ” Brabazon Organizations: CNN, Liberian, Gaddafi, Tim Hetherington Trust Locations: Korengal, British, Afghanistan, Kunar Province, Cortez, , Libyan, Tubmanberg, Liberia, Monrovia, Misrata, Libya
Would you feel more prepared for job interviews if you knew which questions were going to be asked? John Lewis, a 160-year-old retail giant based in the U.K. with 80,000 employees, has revealed interview questions for job candidates on its website in advance to make the hiring process more equitable. Bullett explained that it will give candidates the opportunity to prepare and "confidently demonstrate what they can do." People are divided on whether this development is beneficial because there isn't a standardized process for interviews, Khyati Sundaram, CEO of recruitment platform Applied, told CNBC Make It. But she warned that revealing job interview questions in advance isn't a "silver bullet" and there are some caveats.
Persons: John Lewis, you've, Lorna Bullett, Bullett, Khyati Sundaram, Sundaram Organizations: John, CNBC
Chelsea’s players have been full of praise for departed manager Mauricio Pochettino, who somewhat surprisingly left his position by mutual consent on Tuesday after only 11 months in the job. Pochettino also took Chelsea to the League Cup final, where it lost to Liverpool, and the semifinals of the FA Cup. The majority of the players Chelsea have purchased in the Boehly era have been young and inexperienced, while key senior players – including César Azpilicueta, N’Golo Kanté, Mateo Kovačić and Mason Mount – left before the season started. Henry Nicholls/AFP/Getty ImagesDespite Chelsea’s rollercoaster season, Pochettino clearly remained well-liked among the squad, with several players expressing their thanks to the Argentine, as well as surprise at his departure. “Gaffer, thank you for everything you have done for me & making my dreams come true,” Palmer wrote on Instagram.
Persons: Mauricio Pochettino, Pochettino, Mauricio, Laurence Stewart, Paul Winstanley, , ” Chelsea, Todd Boehly, César Azpilicueta, N’Golo Kanté, Mateo Kovačić, Mason Mount –, Chelsea's, Henry Nicholls, Nicolas Jackson, , Moises Caicedo, ” Cole Palmer, ” Palmer, Marc Cucurella, emojis, Cole Palmer, Justin Setterfield Organizations: CNN, Chelsea, Europa League football, League, Liverpool, FA, Stamford, Argentine, Premier League’s, Mister, Premier League and Europe Locations: AFP, Ecuadorian, Manchester City
LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. "Firms involved in trading must have effective controls in place in order to manage the risks involved. The regulators said that certain system and control issues persisted during the probe period and led to trading incidents, such as so-called fat-finger trading blunders. "Deficiencies in CGML's trading controls contributed to this incident, in particular the absence of certain preventative hard blocks and the inappropriate calibration of other controls," the statement read. "We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance."
Persons: Sam Woods Organizations: CitiBank, LONDON, Citi, Prudential, Authority, Financial, Citigroup Global Markets, prudential, CNBC Locations: Manhattan, New York City
The Notting Hill of the 1990s was still socially heterodox and shabby chic, a neighborhood where a group of 30-something professionals could plausibly have ended up. Even in the late 1990s, such access to disposable income marked the characters in “Notting Hill” out as privileged. Yet, in the 1990s, Notting Hill, long a center of Caribbean immigrant culture and the site of the annual Notting Hill Carnival, underwent a rapid process of gentrification. Between 1995 and 1999, Notting Hill house prices rose by 75%. The colorful terraced houses of Notting Hill, which these days sell for millions of pounds.
Persons: Laura Beers, , George Orwell’s, Richard Curtis ’, Julia Roberts, Anna Scott, Hugh Grant, William Thacker, Roberts, Laura Beers Laura Beers, it’s, , Curtis, Hill’s, Hugh Grant's, Winston, George Orwell, Orwell, Tony Blair’s Britain, Bill Clinton’s America, Grant’s, Tony Blair, Steve Eason, Notting, Spike, Rhys Ifans, Notting Hill, Mike Kemp, San, Spencer Platt, Rishi Sunak’s government’s, Bill, Rewatching Organizations: American University, CNN, MCA, Everett, Notting, Labour, Hulton, Getty, Movement, Housing, Federal Reserve, New York State, Hill ” Locations: American, London, West London, Notting, West, Britain, United States, Young, Notting Hill, Central London, San Francisco, Manhattan, San Matteo, Redwood City, York
JetBlue Airways said Wednesday that it is seeking U.S. Department of Transportation approval to pair up with British Airways so the airlines could each expand their networks. The code-sharing agreement includes 75 destinations in the United States — 39 from New York and 36 from Boston — and 17 cities in Europe. Airlines frequently turn to code-sharing agreements, which allow carries to sell seats on airline partner's flights, to grow in regions outside their network. American Airlines also has a more than decade-old joint venture with British Airways across the Atlantic that is more involved than a code-sharing agreement. JetBlue's request for an agreement with British Airways comes a year after a federal judge struck down JetBlue's partnership with American in the U.S Northeast, which sought to allow the carriers to coordinate schedules and routes.
Persons: British Airways didn't Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, U.S, Department of, British Airways, Boston —, Airlines, American Airlines, JetBlue, United, Delta Air Lines, Paxex Aero, U.S . American, American Locations: Amsterdam, Netherlands, United States, New York, Europe, Paris, Dublin, Edinburgh, U.S
London CNN —UK Prime Minister Rishi Sunak announced a snap general election for July 4 in a statement outside Downing Street on Wednesday evening, as his Conservative Party faces an uphill struggle to extend its 14 years in power. But a fall in inflation rates, announced earlier Wednesday, provided the backdrop for his announcement. The move will be welcomed by the buoyant Labour Party, led by Keir Starmer, which is soaring in the opinion polls and has sought to present itself as a reformed and moderate group that is ready for power. Sunak walks back inside on Wednesday after announcing the July 4 date for the election. But Johnson’s premiership collapsed after a string of scandals, paving the way for his then-finance minister Sunak to emerge as a frontrunner for the leadership.
Persons: Rishi Sunak, Sunak, Downing, King Charles III of, , ” Sunak, Keir Starmer, Buckingham, Queen’s, Starmer, , Carl Court, Liz Truss, Boris Johnson, , Theresa May —, King Charles III Organizations: London CNN —, Conservative Party, Conservative, Labour Party, Labour, Liberal Democrats, Conservatives, Party, Scottish National Party, European Union, Tories Locations: Britain, Buckingham Palace, Ukraine, Downing, Sunak, United Kingdom, Rwanda, Britain’s
Passengers of Singapore Airlines flight SQ321 from London to Singapore, which made an emergency landing in Bangkok, greet family members upon arrival at Changi Airport in Singapore on May 22, 2024. SINGAPORE — More than 140 passengers and crew that were on the Singapore Airlines flight that made an emergency landing in Bangkok Tuesday after encountering severe turbulence arrived safely in Singapore early on Wednesday. One passenger died and 30 others were injured onboard the London to Singapore flight on Tuesday, which encountered "sudden extreme turbulence" about 10 hours after departing from Heathrow Airport. The Boeing 777-300ER, which was carrying carrying 211 passengers and 18 crew, was flying over the Irrawaddy Basin at an altitude of 37,000 feet when it experienced sudden turbulence. We also deeply apologise for the trauma experienced by all passengers and crew members on this flight," Singapore Airlines' CEO Goh Choon Phong, said in a video message posted on Facebook.
Persons: SQ321, Goh Choon Phong Organizations: Singapore Airlines, Changi Airport, Heathrow Airport, Boeing, Facebook Locations: London, Singapore, Bangkok, SINGAPORE
Britain’s inflation rate slowed last month to its lowest level in about three years, approaching the Bank of England’s 2 percent target. Consumer prices rose 2.3 percent in April from a year earlier, down from 3.2 percent in March, the Office for National Statistics said on Wednesday. The rate, which declined slightly less than economists expected, was the lowest since July 2021. Food inflation also slowed to 2.9 percent, from 4 percent. The steep decline in headline inflation, closing in on the central bank’s target, signals a new phase in British policymakers’ battle against inflation.
Organizations: Bank of England’s, National Statistics Locations: Ukraine
(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."
Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia
Shirley Conran, the industrious and proliferous British author whose 1982 novel, “Lace,” was a tale of female autonomy disguised as a bonkbuster (to use the British term for a steamy best seller) that made her a millionaire and introduced the lowly goldfish into the erotic canon, died on May 9 in London. She was 91. The cause of her death, in a hospital, was pneumonia, her son Jasper Conran said. She was also the author of “Superwoman,” a witty and proudly feminist primer on household management. The title was ironic, Ms. Conran wrote: “A Superwoman isn’t a woman who can do anything, but a woman who avoids doing too much.”Her mantra, “Life is too short to stuff a mushroom,” became a feminist rallying cry, finding its way onto matchbooks, dish towels and throw pillows.
Persons: Shirley Conran, , Jasper Conran, Conran, Femail, Organizations: Daily Locations: British, London, England
Prime Minister Rishi Sunak of Britain on Wednesday called a snap general election for July 4, throwing the fate of his embattled Conservative Party to a restless British public that appears eager for change after 14 years of Conservative government. But the Tories have discarded four prime ministers in eight years, lurching through the serial chaos of Brexit, the coronavirus pandemic and a cost-of-living crisis. With the opposition Labour Party ahead in most polls by double digits for the last 18 months, a Conservative defeat has come to assume an air of inevitability. “Now is the moment for Britain to choose its future,” Mr. Sunak said as pelting rain drenched his suit jacket. The choice for voters, he said, was to “build on the future you’ve made or risk going back to square one.”
Persons: Rishi Sunak, Sunak’s, Barack Obama, ” Mr, Sunak, Organizations: Conservative Party, Conservative, Downing, Labour Party Locations: British, Britain
U.K. inflation came in hotter than expected with a drop to 2.3% in April, the Office for National Statistics said Wednesday, prompting traders to pull back from bets on a June interest rate cut from the British central bank. Core inflation, excluding energy, food, alcohol and tobacco, dipped to 3.9% in April from 4.2% in March. A dramatic drop in the headline rate was widely expected because of the year-on-year decline in energy prices. Investors were instead set to focus on core and services inflation, after BOE policymakers indicated they would be willing to cut interest rates some time in the summer, but stressed that the timing would depend on fresh data. Following the print, money markets slashed the probability of a June rate cut to just 15%, down from 50% earlier in the day.
Persons: BOE Organizations: National Statistics, Bank of England's, Reuters Locations: Russia, Ukraine, British, U.K
We'll show you where to watch The Kardashians, including both the newest episodes and past seasons. Not to be confused with Keeping Up with the Kardashians, The Kardashians is the Kardashian-Jenner family's latest Hulu venture, which first premiered in 2022. The Kardashians have been averaging about two 10-episode seasons per year, so the family is already heading into Season 5. ETWhere to watch The Kardashians in the USThe Kardashians Season 5 streams on Hulu in the US. Shop at HuluWhere to watch The Kardashians in the UKThe Kardashians is available to stream on Disney+ in the UK.
Persons: Kardashian, Jenner, Tristan, Kris, ExpressVPN, Joe, Remy Ma's Organizations: Business, Hulu, Disney Locations: ExpressVPN, Hulu, British
A long-running debate about a small part of Britain’s Holocaust history has been settled. A panel of historians tasked with investigating the death toll in Alderney, a British Crown Dependency and one of the Channel Islands in the English Channel, has adjusted the island’s historical record, adding several hundred people to an official count from the 1940s. On Wednesday, he presented the findings with members of the panel in a packed room at the Imperial War Museum in London. It concluded that the likely range of deaths was between 641 and 1,027, with a maximum number of 1,134 people. Most of them were forced laborers from the Soviet Union.
Persons: Eric Pickles, Britain’s, Organizations: British, Channel, Imperial War Museum Locations: Alderney, London, Soviet Union, France
Former Chief Executive Officer (CEO) of Post Office Limited Paula Vennells (C) arrives to give evidence to the Post Office Horizon IT Inquiry, in central London, on May 22, 2024. The scandal has been described at an ongoing public inquiry as "the worst miscarriage of justice in recent British legal history". The Post Office took 700 people to court between 1999 and 2015 based on faulty evidence resulting from central I.T. Questions remain over what Vennells and other executives knew, all while the Post Office continued to push for sub-postmaster prosecutions. Vennells joined at a time when the Post Office was losing significant amounts of money and was under pressure to improve its financial performance.
Persons: Paula Vennells, Vennells, Martin Griffiths Organizations: Post, Britain's, Fujitsu, Post Office Locations: London, I.T
At least seven people are critically injured after a Singapore Airlines flight traveling from London to Singapore experienced severe turbulence and was forced to make an emergency landing in Thailand, according to Kittipong Kittikachorn, the general manager of Bangkok's Suvarnabhumi International Airport. Earlier, the airport official confirmed a 73-year-old British man had died. Kittikachorn also told CNN on Tuesday that he was informed about the emergency landing in Bangkok just ten minutes before it touched down. Previously, the airport official said the majority of injuries sustained on board were cuts and bruises. “It took us one and a half hours to evacuate all passengers,” Kittikachorn stated.
Persons: Kittipong Kittikachorn, Bangkok's, Kittikachorn, ” Kittikachorn Organizations: Singapore Airlines, Authorities, CNN Locations: London, Singapore, Thailand, Bangkok
CNN —The US embassy in London is refusing to pay more than $18.6 million in charges from unpaid congestion fees, according to Transport for London (TfL), which oversees the city’s vast transport network. The congestion charge was introduced in 2003 in order to stem traffic and pollution in central London. However, TfL is insisting that in agreement with the UK government, London’s congestion charge constitutes a service and not tax. As of December 31, 2023, a total of 161 embassies, high commissions and consulates owed more than $182 million combined in unpaid congestion charge fees, according to TfL data. According to TfL’s figures, the Japanese embassy owes the second highest amount from unpaid congestion charge fees, at around $12.8 million.
Persons: , Dominic Raab Organizations: CNN, Transport, London, Drivers, TfL, International Court of Justice, Diplomatic Relations, U.S . Government, CNN “, of, Embassy, Foreign Office Locations: London, Vienna, of Japan
London CNN —A man charged by British police for allegedly spying for Hong Kong’s intelligence services, has been found dead in a park outside of London. Trickett had appeared alongside two other suspects at Westminster Magistrates’ Court on May 13, charged with national security offences. “Trickett was on court bail, awaiting court proceedings, which required him to register at a police station regularly,” the police said. Relations between Hong Kong and its former colonial ruler Britain have soured in recent years following mass pro-democracy protests in the Chinese city in 2019 and 2020. The British government has criticized Hong Kong’s Beijing-backed crackdown on almost all opposition in the years following the protests, while Hong Kong authorities have bristled at Britain providing a safe haven for pro-democracy leaders sought by the Hong Kong police.
Persons: Hong, Matthew Trickett, Trickett, “ Trickett, Trickett’s, John Lee, Hong Kong’s, Louisa Cieciora, Lee, Lucas Lilieholm, Chris Lau, Jerome Taylor Organizations: London CNN, British, London . Police, Thames, , The Times, Embassy, Hong, Hong Kong, Police, Hong Kong Economic, Trade Office, Economic, Trade Locations: London, Maidenhead , Berkshire, Sunday, Westminster, Hong Kong, Britain, Hong Kong’s Beijing
Russia sent a pointed reminder on Tuesday that it could use battlefield nuclear weapons in Ukraine, releasing video of its forces beginning exercises to practice their use, two weeks after President Vladimir V. Putin ordered the provocative drills. Video released by the Russian Defense Ministry showed a caravan of military vehicles moving down a wooded road, as well as mobile Iskander missile systems — which can deliver conventional or nuclear explosives — getting into position to launch, with their warheads blurred out. The footage also showed a supersonic strategic bomber armed with missiles and an attack aircraft being prepared for takeoff. In a statement, the Russian Defense Ministry said the exercise, carried out near Ukraine, was aimed at preparing the force for the possibility of using tactical nuclear weapons. The goal is to “unconditionally ensure the territorial integrity and sovereignty of the Russian state in response to provocative statements and threats of individual Western officials,” the ministry said.
Persons: Vladimir V, Putin, , Emmanuel Macron, David Cameron, Britain’s Organizations: Russian Defense Ministry, Kremlin Locations: Russia, Ukraine, Russian, France
"I didn't intend to go deep on the idea of service, but it's certainly as relevant today as ever," Gates wrote. 'The Women,' by Kristin HannahHannah's bestseller, released in February, is a work of historical fiction set during the Vietnam War. In his new book, Anderson argues "that we need to expand our definition of generosity," Gates wrote. "Oldman plays the head of Slough House, who's basically the polar opposite of James Bond," wrote Gates. "More than a guide to better conversations, it's a blueprint for a more connected and humane way of living," Gates wrote.
Persons: Bill Gates, David Brooks, Gates, it's, Kristin Hannah Hannah's, Frances McGrath, I've, Hannah, Nightingale, Chris Anderson, Anderson, Mick Herron, Jackson Lamb, Gary Oldman, Oldman, who's, James Bond, Sal Khan, Khan, Melinda Gates, Sal, Brooks Organizations: Microsoft, New York Times, Army, Corps, TED, Apple, Slough House, Khan Academy, Melinda Gates Foundation, CNBC Locations: Vietnam, Slough
Jenny Erpenbeck’s “Kairos,” a novel about a torrid love affair in the final years of East Germany, won on Tuesday the International Booker Prize, the renowned award for fiction translated into English. Erpenbeck shares the award of 50,000 British pounds, about $63,500, with Michael Hofmann, who translated the book into English. The pair received the prize during a ceremony at the Tate Modern art museum in London. After receiving the award, the pair seemed lost for words. Erpenbeck thanked her family, and Hofmann thanked Erpenbeck: “I want to thank Jenny for her trust in me,” he said.
Persons: Jenny Erpenbeck’s “, , International Booker, Erpenbeck, Michael Hofmann, Hofmann, Jenny, , ” Eleanor Wachtel, ” —, Organizations: International, International Booker Prize, Tate Locations: East Germany, London
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