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If Shein goes ahead with the listing, it is expected to try to raise more than £1 billion ($1.3 billion) from the sale of new shares, Sky News said. Bloomberg and the Financial Times have also reported that Shein is preparing a confidential filing for a London listing. Given its high profile and potential hefty valuation, an IPO by Shein would be a much-needed coup for the London Stock Exchange. In recent years, several companies have quit the exchange for other cities or chosen New York to go public. Still, even the slightest hint that Shell could ditch London will have rattled the city’s financial center.
Persons: Shein, , , Marco Rubio, Susannah Streeter, Hargreaves Lansdown, Wael Sawan, Sawan, Shell Organizations: London CNN, Authority, Sky News, Bloomberg, Financial Times, UK’s Labour Party, CNN, Shein, London Stock Exchange, Nasdaq, Shell Locations: China, United Kingdom, Britain, Singapore, New York, United States, While New York, London
Maya Hawke is the daughter of Hollywood stars Ethan Hawke and Uma Thurman. The "Stranger Things" star said she's comfortable with "not deserving" her career. "I think I'm comfortable with not deserving it and doing it anyway," she said. The "Stranger Things" actor, the daughter of Ethan Hawke and Uma Thurman, recently opened up about living with the label in an interview with The Times of London. "There are so many people who deserve to have this kind of life who don't, but I think I'm comfortable with not deserving it and doing it anyway," she said.
Persons: Maya Hawke, Ethan Hawke, Uma Thurman, , Hawke Organizations: Service, The Times, Business Locations: London
CNN —Both a source of inspiration and a place to ground herself, Harlem holds a special meaning for the artist Tschabalala Self. Tschabalala Self Paula Virta/Courtesy the artist/EMMA -- Espoo Museum of Modern ArtSelf’s own relationship with the concept of home has evolved in recent years. This conversation with the traditional western canon of painting is ongoing for Self, and influences other facets of her work. In thinking about the concept for “Lady in Blue,” Self considered the increased attention on monuments, particularly in recent years. But the commission also represents much more than the sculpture’s identity or physicality alone, added the artist.
Persons: Tschabalala, , Black, , I’ve, , Paula Virta, EMMA, Anthurium, ” Paula Virta, domesticity, it’s, Leon Neal, “ It’s, ” Tschabalala, EMMA – Organizations: CNN, Espoo Museum of Modern Art, Espoo Museum of Modern, MoMA, Hammer, Self, Saastamoinen, Museum of Modern Art Locations: Harlem, Manhattan, New York, Finland, , Espoo, New York City, Trafalgar, London, American
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementKing Charles, then Prince of Wales, and Prince Andrew, Duke of York in 2017. But as things stand, life at Royal Lodge is set to become increasingly cold and uncomfortable for the duke." Some royal insiders, the newspaper noted, have dubbed the standoff between the brothers "the siege of Royal Lodge." AdvertisementRepresentatives for the King and the Duke of York did not respond to a request for comment from Business Insider sent outside regular working hours.
Persons: , King Charles, Duke, York, Jeffrey Epstein, King, Andrew, Prince of Wales, Prince Andrew , Duke, Max Mumby, Duchess of Sussex, Virginia Giuffre, Epstein, Queen Elizabeth, Mother, Sarah Ferguson, Sarah, Charles won't, turfing Organizations: Service, Prince, Times, Business, British, The Times, Business Insider Locations: London, Royal, Windsor Great Park, Windsor Castle, Windsor, Virginia
It displays a carefully curated selection of work by renowned royal photographer Anwar Hussein, 85, who started snapping Diana when she was 19. “At first, some told me ‘you can’t do pictures of royals,’” Anwar told CNN ahead of the exhibition’s launch. Diana, the late Princess of Wales attends a Vanity Fair party at the Serpentine Gallery in Nov 1994. Anwar HusseinOver the years, Anwar and his sons have taken hundreds of thousands of photos of the royal family. Would they recreate the picture of Diana there?” Zak said.
Persons: Princess Diana, Anwar Hussein, Diana, , ’ ” Anwar, Bob Marley, Elton John, Anwar’s, Samir, Zak, “ Diana, Kate, Meghan, , Charles, of Wales, Prince Charles, Anwar Hussein “, ‘ I’m, I’m, ’ ” Zak, Anwar, it’s, Diana cradling, ” Anwar, Imran, “ We’ve, ’ we’ve, Catherine Walker, Taj, Prince William, Catherine, ” Zak, ” Samir, “ He’s Organizations: CNN’s Royal, London CNN —, CNN, Imran Khan's Cancer Locations: London, London’s, Lahore, Pakistan, India, Agra
Advertisement"The military logic of allowing Ukraine to use weapons against targets in Russia is straightforward," he said, but "there are structural limits, which Ukraine is now facing." AdvertisementOn Tuesday, France said Ukraine should be allowed to use Western weapons to hit targets in Russia — but only sites that Russia is using to launch attacks on Ukraine. Related storiesThree unnamed officials told Politico on Thursday that Ukraine can now use US-supplied weapons to strike inside Russia. AdvertisementUkraine could also struggle to develop the intelligence needed to find and quickly strike targets farther inside Russia. Advertisement"This does not mean that allowing Ukraine to hit targets in Russia will not help — but it is clearly not a silver bullet to win the war," he said.
Persons: , Keir Giles, should've, Alexander Libman, Vladimir Putin, hadn't, Volodymyr Zelenskyy, Giles, John Hardie Organizations: Service, Business, Chatham House's, Eurasia Programme, Free University of Berlin, NATO, Politico, Times, Russia's, Foundation for, Defense of Democracies, Ukraine, New York Times, EU, intel Locations: Russia, Ukraine, Chatham House's Russia, Eurasia, Kharkiv, Ukraine's, France, Ukrainian, London, Russian
Britain cuts stake in NatWest via £1.24 billion share sale
  + stars: | 2024-05-31 | by ( ) www.cnbc.com   time to read: +1 min
A NatWest Group Plc bank branch in the City of London, UK, on Thursday, Feb. 15, 2024. The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in NatWest Group back to the lender, it said on Friday, decreasing its stake to about 22.5% from nearly 26% previously. The London-listed bank bought back 392.4 million shares from the government in an off-market purchase at 316.2 pence a share, as part of its existing contract with the state. The heavily anticipated stock sale is a key milestone in the bank's full privatization. The settlement of the off-market purchase will occur on June 4, the government said in a statement.
Organizations: NatWest Group, City of, NatWest, Royal Bank of Scotland Locations: City, City of London, London
10 Downing Street in a downpour to announce the date of the general election — July 4, months earlier than expected — to an indifferent nation. “Now is the moment for Britain to choose its future,” Mr. Sunak said, as water soaked into his suit. Perhaps Mr. Sunak, his party now routinely polling more than 20 points behind the opposition Labour Party, has given up and wants to get it over with. Either way, by bringing the election forward, Mr. Sunak has played his last card. After Mr. Johnson had an explosive row with his chancellor of the Exchequer, Mr. Sunak was installed as a compliant and numerate alternative.
Persons: Sunak, ” Mr, Sunak's, , Boris Johnson, Johnson Organizations: Conservative Party, Labour Party, The Times, Treasury Locations: Britain, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAhead of Israel's assault on Rafah, President Joe Biden issued several stark warnings to Israeli Prime Minister Benjamin Netanyahu. A $1 billion arms dealThe statement suggests Biden will continue to move forward with a $1 billion weapons package to Israel. As BI previously reported, the weapons deal could be seen as an attempt to heal Biden's relationship with Netanyahu and to halt accusations that the US is emboldening Iran. For instance, Biden previously withheld a shipment of bombs before announcing that the planned weapons deal would go ahead.
Persons: , Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, BRENDAN SMIALOWSKI, Matt Miller, Sen, Chris Van Hollen, Andrew Payne, Payne, Dave Harden Organizations: Service, CNN, Business, MSNBC, Gaza Health Ministry, IDF, Associated Press, State Department, Wall Street Journal, Getty, Washington Post, City University of London, Trump ., US Agency for International Development, West Bank, BBC Locations: Rafah, Israel, Gaza, Tal al, Anadolu, Iran
“When I was 18, I registered as a Republican,” London said. Haley garnered nearly 17% of the primary vote statewide this year — approaching 25% in the suburban collar counties around Philadelphia. “It’s a principled position I need to take.”Irma Fralic, too, cast her primary vote for Haley as a protest. CNNOur visit to Pennsylvania coincided with Haley announcing she will vote for Trump in November despite significant differences with the presumptive GOP nominee. Eyeing Trump, but holding her noseLinda Rooney cast her Haley vote in the primary as a question as much as a protest.
Persons: Joan London, , Reagan, Bush, Obama, , , “ I’ve, Nikki Haley, Pennsylvania’s, Haley, Donald Trump’s, Ronald, I’ve, , Trump, Joe Biden, London’s, Biden, ” Irma Fralic, ” Fralic, I’m, I’d, , ’ ” John King, Irma Fralic, Fralic, Eyeing Trump, Linda Rooney, ” Rooney, Rooney, ” John King, “ Haley, ” Rooney texted, “ She’s, Trump Michael Pesce, ” Pesce, Ronald Reagan, , We’re, Pesce, “ I’m Organizations: Pennsylvania CNN, Republican, Pennsylvania, Tea, Independent, South, Republican Party, CNN, Donald Trump’s GOP, Trump, Reagan Republican, Media, Army, , Coast Guard, Republicans Locations: Fleetwood, Pennsylvania, London, Washington ,, South Carolina, Philadelphia, Berks County, Philly, Israel, Wyndmoor , Pennsylvania, Delaware County, Afghanistan, Media , Pennsylvania, Bucks County
Read previewGlen Powell said Tom Cruise pranked him by pretending that the helicopter he was flying was going to crash. Cruise famously has a pilot's license, and even flew some of the planes while filming "Top Gun: Maverick." Powell recalled flying back to London in a helicopter with Cruise after working on reshoots at Pinewood Studios. While some of the "Top Gun: Maverick" cast members already had well-established careers, Powell was waiting for his to really take off. Instead, Powell said Cruise pushed him to learn more about the industry and develop himself into a bonafide movie star.
Persons: , Glen Powell, Tom Cruise pranked, Powell, Jake, Miles Teller, Bradley, Bradshaw, Cruise, Pete, Maverick, Mitchell, Tom Organizations: Service, Business, Cruise, Pinewood Studios, Hollywood Locations: London
But perhaps it will also be an indictment of the Labour Party opposition, which seems remarkably uninterested in seizing the moment. is 8.4 percent below its 2007 peak — a significant decline, which has helped make the country outside of London poorer than Mississippi. And although the prolonged slowdown in productivity may be the worst Britain has experienced since the dawn of the Industrial Revolution, the country’s struggles aren’t purely economic. Britain has been governed by austerity-minded Tories now for 14 years, and the results have been bleak. Brexit was another self-inflicted wound from the British right and is now lamented by a large majority of the public.
Persons: Rishi Sunak, Brexit, Boris Johnson’s, it’s Organizations: Conservative Party, Labour Party, Britain, National Health Service Locations: Britain, London, Mississippi, British
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaltimore bridge collapse: Why the loss is 'manageable' for the insurance industryBruce Carnegie-Brown, chair of insurance giant Lloyd's of London, joins CNBC's 'Squawk Box' to discuss the far-reaching effects of the Baltimore bridge collapse on the insurance world, the state of the insurance industry, and more.
Persons: Bruce Carnegie, Brown Locations: Baltimore, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLord Mayor of London: Brexit wasn't what we wanted but the city is doing 'quite well'Michael Mainelli, lord mayor of the city of London, discusses how the city is doing after Brexit and the "fundamental problem" of EU artificial intelligence legislation.
Persons: Michael Mainelli Locations: London
CNN —India’s Prime Minister Narendra Modi has a new message for supporters on the campaign trail: God has chosen him. “This is why I have dedicated myself to God.”Modi continued: “God doesn’t reveal his cards. This, he added has “rallied his base who feel pride in such religiosity.”India is a deeply religious country. “(He is) the first prime minister, they say, to be unashamed about this faith,” Sinha said. It ignited widespread anger among Muslim leaders and opposition politicians and calls for election authorities to investigate.
Persons: CNN —, Narendra Modi, “ I’m, God, , ” Modi, doesn’t, Modi, Subir Sinha, , ” Sinha, Ganga, I’m, Ram, Modi’s, ” Modi fasted, Lord Ram, Pratishtha ”, , spokespeople Organizations: CNN, CNN — India’s, NDTV, Bharatiya Janata Party, BJP, South Asia Institute, SOAS University of London, Locations: India, Varanasi, Ayodhya
US law firms are increasingly poaching top UK lawyers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS law firms are pushing ahead with their bid to dominate the City of London's legal scene. Latham & Watkins, the world's second-largest law firm by revenue, is just one such firm targeting the UK market. Last year, Latham poached top capital markets lawyer Mark Austin from Freshfields Bruckhaus Deringer, a member of the "magic circle" — a term used to describe five elite UK law firms.
Persons: Watkins, , Latham, Mark Austin, Bruckhaus Organizations: Latham, London, Service, Business
CNN —The United Nations’ top court has ordered Israel to immediately halt its controversial military operation in the southern Gaza city of Rafah, further increasing international pressure on Israel over its war against Hamas. Israel began a limited ground offensive in Rafah on May 7, defying calls from the international community, including the United States, not to proceed. More than a million Palestinians were taking shelter there before Israel started its operation, but the court noted that around 800,000 have since been displaced. Ambassador of the Republic of South Africa to the Netherlands, Vusimuzi Madonsela, waits for judges to enter the International Court of Justice in The Hague, Netherlands on Friday. The development comes as Israel faces mounting international and domestic pressure to end the war in Gaza.
Persons: , Nawaf Salam, , Israel, Vusimuzi, Peter Dejong, International Law Gilad Noam, Benjamin Netanyahu, Yoav Gallant, Netanyahu, Biden, Joe Biden, ” Israel, Israel’s, Israel ‘, ” Yossi Mekelberg, Eliav, Neve Gordon, Gali, Amit Aisman, Gordon Organizations: CNN, United Nations ’, Hamas, International Court of Justice, Israel, Court of Justice, International Law, Criminal Court, ICC, Israel Defense Forces, ICJ, Health Ministry, North Africa, Chatham House, Tel Aviv University, Queen Mary University of London, Times Locations: Israel, Gaza, Rafah, “ Israel, United States, Egypt, South Africa, Pretoria, Republic of South Africa, Netherlands, The Hague, Washington, Palestinian, East, London, Gali Baharav
The Frontier Airlines CEO called for a crackdown on fake wheelchair service use at airports. It comes after the CEO of London Heathrow Airport criticized a TikTok travel hack in 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe CEO of Frontier Airlines called for a crackdown on people falsely using wheelchair services at airports, CNBC reported. "There are people using wheelchair assistance who don't need it at all," he added.
Persons: Barry Biffle, , Biffle Organizations: Frontier Airlines, London, Airport, Service, CNBC, The Wings, Business
What it’s really like to live in Antarctica
  + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +14 min
The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.
Persons: United States –, Keri Nelson, Amundsen, ” Nelson, , McMurdo, Palmer, Evan Townsend, ” Keri Nelson, , Nelson, Scott Base, , Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China
The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.
Persons: , Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe
CNN —A new portrait of Catherine, Princess of Wales has stoked controversy online, with some royal fans criticizing the work for its portrayal of the future British Queen. The painting, by British-Zambian artist Hannah Uzor, features on the cover of the July issue of Tatler magazine. The Princess of Wales pictured at the state banquet on November 21, 2023. “This looks nothing like the Princess of Wales. Tatler“I agree with the sentiments of strength and dignity but the portrait lacks any resemblance to the Princess of Wales,” said another.
Persons: Catherine , Princess, Hannah Uzor, Catherine, King Charles III’s, Uzor, , Yui Mok, Reuters Uzor, I’m, Wales, , Princess, Alastair Sooke, ” Sooke, Kate Mansey, “ I’m, King Charles III, Jonathan Yeo, King Organizations: CNN, British, Tatler, Reuters, Daily Telegraph, The Times, Welsh Guards Locations: Wales, Zambian, London, British
The 1986 Air Carrier Access Act requires airlines to provide a wheelchair to passengers with disabilities at the airport. The problem: Many travelers are faking it, Frontier Airlines CEO Barry Biffle says. There are people using wheelchair assistance who don't need it at all," Biffle said at a Wings Club luncheon on Thursday in New York. Biffle wasn't talking about travelers' personal wheelchairs but rather the service airlines provide when travelers arrive at the airport. Biffle isn't the only executive to complain about travelers falsely claiming they need a wheelchair at the airport.
Persons: Barry Biffle, Biffle, John Holland, Kaye, John Morris Organizations: Frontier Airlines, Wings, CNBC, London's, Airport, LBC Radio, Transportation Department Locations: New York, Atlanta
Read previewA new reality show, "Buying London," dropped on Netflix on Wednesday, and it's all about London's luxury real estate market. The show is centered on Daniel Daggers and his team of real estate agents at the property company DDRE Global. Daggers says he's sold over £5 billion ($6.4 billion) of real estate over the course of his 25 years in the industry. And it's also been a success for the real estate agents involved. Mary Fitzgerald, a real-estate agent on "Selling Sunset," previously told BI that she has got more clients since appearing on the show and now sells at higher prices than before.
Persons: , Daniel Daggers, he's, Ken Griffin, Mr, Lauren Christy, Nicole, Rebecca Nicholson, I'm, Carol Midgley, Rosi Walden, Zoe McConnell, it's, Mary Fitzgerald Organizations: Service, Netflix, DDRE, Business, DDRE Global, Guardian, The Times Locations: London, Mayfair, Holland, The, Los Angeles
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
CNN —Greater spotted eagles are already a species under threat. Listed as “vulnerable” by the International Union for Conservation of Nature, greater spotted eagles have been largely eradicated from western and central Europe, according to the study. On March 1, 2022, a week after Russia invaded Ukraine, the first of 21 tagged greater spotted eagles crossed into Ukraine on its usual migration, according to researchers from the UK and Estonia. The researchers observed no difference in migration performance and deviation patterns outside of Ukraine, according to the study. Russell said the war in Ukraine is “really raising the profile of some of the environmental issues caused by conflict.
Persons: , Charlie Russell, Russell, ” Russell, , Nathalie Pettorelli, Pettorelli, ” Pettorelli, “ ecocide ” Organizations: CNN, Eagles, International Union for Conservation of Nature, , UK’s University of East, Zoological Society of London Locations: Ukraine, Europe, Poland, Belarus, Russia, Estonia, UK’s University of East Anglia,
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