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Four U.K.-listed stocks — one of which was given 110% upside — are among Goldman Sachs' European conviction list. While the S & P 500 fell by 5.85% in the first week of August, the FTSE 100, an index of the 100 largest London-listed stocks, outperformed by falling by only 2.4%. .FTSE .SPX 5Y line The investment bank said the FTSE 100 "can also provide good diversification from the concentrated and Tech-heavy S & P 500 ." The bank notes that SSE's "leading capabilities vs. peers position it well to capture this investment growth." The investment bank said the company "is at the start of a revenue acceleration" supported by increasing market share and expansion into new markets.
Persons: Goldman Sachs, Goldman, Sharon Bell, Tufan Erginbilgic, LSEG Goldman, LSEG Organizations: FTSE, SPX, Tech, BT Group, Royce, London Stock Exchange, BT, London Stock Exchange Group, Bloomberg, Microsoft Locations: British, London, United States
London CNN —Local governments across England, Scotland and Wales face a £4.3 billion ($5.6 billion) hole in their finances in the coming year, according to a new report. Many of Britain’s local governments have faced chronic funding shortfalls over the past decade, partly as a result of deep cuts to funds from the central government in the 2010s. “Councils are teetering on the brink of financial disaster,” Unison general secretary Christina McAnea said in a statement. The number of public toilets dropped by 1,629 over the same period, and the number of council-run libraries fell by 1,376, according to Unison. Giving examples of further cuts to come, Unison said Shropshire Council in the West Midlands region of England plans to slashup to 540 jobs.
Persons: Keir Starmer, “ We’re, , , Christina McAnea, David Phillips Organizations: London CNN — Local, Wales, United, Labour, Unison, Institute for Fiscal Studies, Britain …, Shropshire Council, Derbyshire County Council, Council Locations: England, Scotland, Birmingham, London, Britain, Shropshire, West Midlands, slashup, Derbyshire, East Midlands, Hampshire
Katie Ledecky: The rise of an Olympic great
  + stars: | 2024-07-27 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +22 min
The teenager who achieved the unthinkableIn the dining hall of London’s Olympic Village, a few hours before her first Olympic final, Ledecky is eating lunch on her own. Katie Ledecky poses on the podium after winning gold in the women's 800m freestyle final at the London 2012 Olympics. Katie Ledecky and her mother Mary Gen Ledecky during the 2023 Golden Goggle Awards on November 19, 2023 in Los Angeles, California. Katie Ledecky swimming to gold in a new world record of 15.25:48 in the women's 1500m freestyle final on August 4, 2015 in Kazan, Russia. Katie Ledecky celebates after she broke the world record to win the women's 800m freestyle final at the Rio 2016 Olympic Games.
Persons: Michael Ledecky, Katie, hasn’t, , , Katie Ledecky, ” Michael Ledecky, Sarah Stier, ” Russell Mark, George, , that’s, Prince William, Catherine, Rebecca Adlington, Lotte Friis, Little, ” Prince William, Adam Pretty, Adlington, Ledecky, Becky, Michael, musing, Fabrice Coffrini, ’ ”, hadn’t, Al Bello, athletically, Michael Phelps, ” Bruce Gemmell, didn’t, Gemmell, Bruce Gemmell, Joe Scarnici, she’s, Michael Jordan, ” ‘, Mark, ” Gemmell, “ It’s, Mary Gen Ledecky, Kevork Djansezian, David, Mary Gen, Jon, Streeter Lecka, Edward Hagan, Kathleen, Berta, Albert Einstein, Jaromir “ Jerry ” Ledecky, d’état, doesn’t, Yuri Suguiyama, Michael Phelps ’, Andrew Nesty, ominously, ” Ledecky, “ She’s, Rushmore, She’s, Joe Biden, Katie Ledecky celebates, Odd Andersen, Ariarne Titmus, Summer McIntosh, wasn’t, It’s Organizations: CNN, Ivy League, CNN Sport, Antonio, London Aquatics Centre, Briton, Games, Getty, London Games, Olympic, London, Phillips, New York Islanders, Harvard, Stanford, Silver Star, Polytechnic Institute of Brooklyn, Rutgers, Tokyo Olympics, Rio Games, Rio Locations: San Antonio , Texas, Bethesda , Maryland, USA, AFP, Irvine , California, American, Maryland, Los Angeles , California, Harvard, Tokyo, Kazan, Russia, Woolaston , North Dakota, America, Czechoslovakia, New York, eureka, Gainesville , Florida, Paris, Indianapolis
When pollution meets politics, efforts to clean up the air in the world’s big cities can bring risks as well as wins. London and New York got a taste of it this week. London this week published data showing that the air is cleaner since its mayor, Sadiq Khan, made the politically contentious decision to expand fees on polluting cars and trucks driving into London. The air is measurably cleaner in outer London, where opposition to the expansion was robust. “The decision to expand the ULEZ was a difficult one, but the right one,” he said in a briefing with reporters, using the acronym for the low-emission zone.
Persons: Sadiq Khan, Organizations: London Locations: New York, London
Katie Ledecky’s first question was quintessential Katie: Hey, I’m coming home to Maryland for a few days in May. And he watched 27-year-old Katie Ledecky work the room, taking photos with those who asked and speaking with people from all walks of life. The little girl who once dressed up as Katie Ledecky for Halloween qualified to be part of the women’s 4×200-meter freestyle relay with her. Katie Ledecky, right, embraces Erin Gemmell after the 200-meter freestyle at the U.S. Olympic trials. Katie Ledecky shows off her gold medal from the 800-meter freestyle at the Tokyo Olympics in 2021.
Persons: Bruce Gemmell, Katie Ledecky’s, Katie, I’m, you’d, ” Gemmell, , , Joe Biden, Gemmell, Biden, Katie Ledecky, Nancy Pelosi, it’s, , Erin, Ledecky, she’d, Erin Gemmell, Gemmell’s, Sarah Stier, She’s, ” Erin, It’s, Andrew, Erin can’t, can’t, Erin isn’t, she’s, ” Bruce Gemmell, ” Ledecky, Alex Shackell, Claire Weinstein, Katie Grimes, Larisa Latynina, Summer McIntosh, She’ll, Oli Scarff, doesn’t, you’re, I’ve, Yuri Suguiyama, That’s, London …, Eamonn Dalton, Al Bello Organizations: Paris, London Olympics, Rio Games, U.S . Olympic, Olympic, U.S, Team USA, Los Angeles Olympics, Paris Games, Tokyo, Getty, London Locations: Maryland, Delaware, London, Indianapolis, Paris, North Carolina, Croatia, Soviet Union, Australia, AFP, Rio de Janeiro
CNN —Taylor Swift brought her Eras Tour to London’s Wembley Stadium on Friday with some famous faces in the audience, including the Prince of Wales and two of his children, Prince George and Princess Charlotte. William, who was celebrating his 42nd birthday that day, and the children later met Swift and her boyfriend, NFL star Travis Kelce backstage. The official @KensingtonRoyal account posted a photo of Swift taking a selfie with Prince William, Princess Charlotte, and Prince George. Taylor Swift shared a photo with Prince William, Prince George, Princess Charlotte and Travis Kelce, at Swift’s concert in London on June 21. According to the Mayor of London, nearly 700,000 people are expected to attend her London shows, which are predicted to boost the capital’s economy by £300 million ($379.5 million USD).
Persons: CNN — Taylor Swift, Prince, Wales, Prince George, Princess Charlotte, William, Swift, Travis Kelce, Prince William, , , Taylor Swift, Prince George , Princess Charlotte, Instagram Swift, Nicola Coughlan, Cara Delevingne, Salma Hayek, Leslie Mann, Jonathan Van Ness Organizations: CNN, Wembley, PA Media Locations: London
He says Americans moving to Mexico need to stop staying in older Airbnb units among other things. AdvertisementThis as-told-to essay is based on a conversation with Jeremy Albelda, a 36-year-old entrepreneur living in Mexico City. Here are some things that other Americans moving to Mexico should stop doing. Make an effort to learn Spanish and you'll help improve the overall image of remote workers and tourists. Stop staying in older Airbnb unitsOlder Airbnb unit owners usually displaced a local resident to turn it into an Airbnb.
Persons: Jeremy Albelda, Albelda, , It's, it's, who've, Airbnb, I've, we're, I'm Organizations: Mexico City, Service, San Locations: Mexico, Mexico City, Philadelphia, Roma Norte, San Miguel, British, London
LONDON (AP) — King Charles III caused some raised eyebrows Friday when he wore a tie adorned with a pattern of Greek flags to the COP28 climate summit days after a diplomatic spat between the U.K. government and Greece over the Parthenon Marbles. The British monarch is meant to be above politics, but many in Greece interpreted the tie as a gesture of solidarity with their cause. Charles wore it as he met British Prime Minister Rishi Sunak and made a speech at the U.N. summit in Dubai. The king’s late father, Prince Philip, was born into the Greek royal family, and Charles has deep ties to the country. But officials pointed out that Charles has worn the tie before, as recently as last week.
Persons: — King Charles III, Charles, Rishi Sunak, Prince Philip, Sunak, Kyriakos, Mitsotakis, George Osborne, Britain’s Organizations: British, Greek, British Museum, museum's, Trustees Locations: Greece, British, Dubai, The, Buckingham, Athens
The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.
Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France
Olympic rings to celebrate the IOC official announcement that Paris won the 2024 Olympic bid are seen in front of the Eiffel Tower at the Trocadero square in Paris, France, September 16, 2017. Team GB finished fourth as the top European nation in the 2020 Tokyo table with 22 golds, compared to 10 each for Netherlands, France, Germany and Italy. "I think the wheels are going to have to come off if we’re not top five," England told reporters at an event announcing the first Team GB athletes, all sailors, for Paris 2024. England said France had an advantage in designing courses and choosing locations but that went with the territory and was accepted. The French capital will be the second city, after London, to host the Summer Games three times when they start next July.
Persons: Benoit Tessier, Mark England, we’re, Alan Baldwin, Toby Davis Organizations: IOC, Paris, REUTERS, Olympics, Games, Team, Britain, French rugby, Barcelona, Olympic, Thomson Locations: Paris, France, Britain, Tokyo, Netherlands, Germany, Italy, United States, London, China, England, Beijing
London CNN —The UK government has moved to take control of the country’s second biggest city, Birmingham, after the local council effectively declared itself bankrupt earlier this month. The government has also proposed an inquiry to understand how Birmingham landed in its current financial mess. “The need for action in Birmingham is pressing,” he added. Birmingham City Council issued a so-called section 114 notice on September 5, which means it must halt all spending except on essential services such as schooling, housing, social care, waste collection and road maintenance. The plan is due to be discussed at an extraordinary meeting of the council on September 25.
Persons: Michael Gove, , Deborah Cadman Organizations: London CNN, British, Birmingham City Council Locations: Birmingham, London, United Kingdom
London CNN —Birmingham — the biggest British city after London — is in dire financial straits. “Local government is facing a perfect storm,” Sharon Thompson, Birmingham City Council’s deputy leader, said in remarks broadcast Tuesday. How Birmingham went bustThompson blamed Birmingham’s financial troubles partly on an outstanding £760 million ($950 million) legal bill pertaining to the equal pay claims, which resulted from a Supreme Court ruling in 2012. The original case was brought by 174 former council employees, all except four of whom were women. They argued that this breached the equality clauses of their employment contracts under the Equal Pay Act of 1970 — and the court agreed.
Persons: London —, ” Sharon Thompson, Thompson, , Shaun Davies, Rishi Sunak, England —, Organizations: London CNN — Birmingham, Birmingham City Council’s, Birmingham City, National Audit Office, Local Government Association, UK, Special, Municipal Authorities Locations: London, United Kingdom, , Birmingham, England, , West Midlands, Yorkshire, Croydon, Woking
She tried living in six cities: Nashville, Austin, Chattanooga, Montreal, Toronto, and San Diego. I ended up renting month-long stays in Airbnbs in Nashville, Austin, Chattanooga, Montreal, Toronto, and San Diego. What it was like in San DiegoMy employer was hosting a company-wide event in San Diego, our US headquarters, the first week of January 2023. AdvertisementAdvertisementI planned to stay in San Diego after the event for my next Airbnb jaunt from January 9 to mid-February. I was always curious about San Diego and had heard that many Bostonians end up moving there and loving it.
Persons: Sophie London, Lewis, It's, I've, COVID, I'm, I'd, Taylor, NoogaNightlife.com, jaunt, pang, Organizations: San Diego ., Service, Austin Nashville, Austin, Nashville, London, Toronto, Film, Chattanooga Locations: San Diego, Nashville, Austin, Chattanooga, Montreal, Toronto, Wall, Silicon, San Diego , California, Massachusetts, Boston, Airbnbs, Nashville , Austin, After London, Montreal In Montreal, London, Tennessee, Nicaragua, Diego, Balboa
Five affected Conservative-led local authorities argued the decision to expand ULEZ was unlawful, but their legal challenge was rejected on Friday. "This landmark decision is good news as it means we can proceed with cleaning up the air in outer London," Khan said in a statement following the ruling. Britain's green agenda has been in focus over the past week after the governing Conservative Party won an election in former Prime Minister Boris Johnson's old seat just outside central London, in part by attacking the ULEZ expansion. Judge Jonathan Swift rejected all three grounds of challenge to the expansion of ULEZ, including that the public consultation on the proposed expansion was unlawful. ($1 = 0.7809 pounds)Reporting by Sam Tobin, Editing by Kylie MacLellan and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sadiq Khan, Khan, Boris Johnson's, Keir Starmer, Conservative – Johnson, Jonathan Swift, Sam Tobin, Kylie MacLellan, Tomasz Janowski Organizations: London's Labour, Conservative, Transport, Conservative Party, Labour Party's, London, Thomson Locations: British, Greater London, leafier, London
GlaxoSmithKline CEO Emma Walmsley on Wednesday said she expects uptake for the company's new RSV vaccine to start off slower than it did for its blockbuster shingles shot. Last month, GSK's RSV shot became the first to win approval in the U.S. and European Union for the treatment of adults 60 and above. The company has not provided estimates for how much revenue the RSV shot will rake in this year following its launch. GSK's vaccine against shingles, a viral infection that causes a painful rash, is the company's top-selling drug. Investors are hoping that Shingrix and GSK's RSV shot will help offset patent expirations for some of the company's blockbuster HIV drugs in a few years.
Persons: Emma Walmsley, Walmsley Organizations: GSK, Union, U.S, European Union, Investors Locations: London, U.S, Japan, Canada
BEIJING/LONDON, July 12 (Reuters) - China firmly opposes what it called the British government's "discriminatory actions" against Chinese firms, the country's embassy in the UK said after London intervened in Chinese-linked takeovers eight times in the last year. The British government said in a report that it had blocked or imposed conditions on eight transactions involving China-linked investment in domestic companies under its National Security and Investment Act in the last year. "We strongly urge the British side to stop its unreasonable suppression of Chinese enterprises and provide a fair, just and non-discriminatory business environment for them," the Chinese embassy in London said on Wednesday. In November Britain ordered Chinese-owned technology company Nexperia to sell at least 86% of Britain's biggest microchip factory, Newport Wafer Fab, following a national security assessment under the law. Britain is attempting something of a reset of relations with China, working together on areas of agreement while balancing national security concerns.
Persons: Ella Cao, Ethan Wang, Bernard Orr, Alistair Smout, Andrew MacAskill, Kate Holton Organizations: London, National Security and Investment, Thomson Locations: BEIJING, LONDON, China, London, Britain, Newport, Beijing
German data show British firms opened 170 foreign direct investment projects in Europe's biggest economy last year as companies sought a foothold in the bloc's single market. That's a far cry from the 50 enquiries from British firms - rather than projects committed - recorded by German Trade & Invest in 2015, the year before the Brexit referendum. Pro-Brexit economists say such data ignore the fact British corporate investment boomed in the years before mid-2016, and it was bound to slow. British firms are also waiting to hear how - or even if - London intends to compete with the enormous green energy and tech subsidies pitched by the United States and EU. At Farrat, the effects of Brexit are insidious, running beyond decisions over investments, said Farrell, describing a sense of unease felt towards British firms from potential foreign clients, worn down by years of political turmoil"People are nervous.
Persons: Brexit, Oliver Farrell, Andy Burnham, Burnham, it's, capitalising, Steve Connor, Connor, Jeremy Hunt, Farrell, Dave, Subrah Krishnan Harihara, Andy Bruce, William Schomberg, David Clarke Organizations: European Union, Reuters, German Trade, Invest, Organisation for Economic Co, Development, Reuters Graphics, Labour Party, EU, Creative Concern, European Commission, Manchester Chambers of Commerce, Thomson Locations: MANCHESTER, England, Britain, Manchester, Germany, English, Europe's, Netherlands, France, United States, England's, London, Birmingham, Greater Manchester, Farrat, EU, Warwick, West Midlands
CNN —New York City has been cleared to implement congestion pricing, a practice that allows the city to charge drivers entering Lower Manhattan, New York Gov. The plan would also mark the culmination of more than a half-century of efforts to implement congestion pricing in New York City. Ultimately, it was the need to improve New York City’s public transit that became the rallying cry for congestion pricing. The stakes of New York City’s program are high, and leaders in other cities are watching the results closely. “It’s good to see New York City’s program is moving forward,” said the Los Angeles Times Editorial Board last month.
Persons: Kathy Hochul, , Michael Bloomberg, Andrew Cuomo —, Kate Slevin, Sam Schwartz, Hochul, , US Sen, Bob Menendez, Josh Gottheimer, Bill Pascrell, Jr, Washington, CNN’s Gregory Wallace, Rob Frehse Organizations: CNN, New, Lower Manhattan , New York Gov, Federal, Administration, Central Business District, Federal Highway Administration, New York Metropolitan Transportation Authority, ” New York Gov, United, United States Each, MTA, Regional Plan Association, , Democratic New, US, London, Drivers, Los Angeles Times Locations: New York City, Lower Manhattan ,, Manhattan, United States, New York, Lower Manhattan, New Jersey, Democratic New Jersey, Holland, Lincoln, Jersey, That’s, Stockholm, London, Singapore, York, Los Angeles
New York City is still clawing out of from the devastating impact of the Covid-19 pandemic. The plan would also mark the culmination of more than a half-century of efforts to implement congestion pricing in New York City. Ultimately, it was the need to improve New York City’s public transit that became the rallying cry for congestion pricing. The stakes of New York City’s program are high, and leaders in other cities are watching the results closely. “It’s good to see New York City’s program is moving forward,” said the Los Angeles Times Editorial Board last month.
Persons: Joe Biden’s, , Kathy Hochul, Michael Bloomberg, Andrew Cuomo —, Yuki Iwamura, Kate Slevin, Sam Schwartz Organizations: New, New York CNN, Central Business District, Federal Highway Administration, New York Metropolitan Transportation Authority, ” New York Gov, MTA, Bloomberg, Getty, Regional Plan Association, London, Drivers, Los Angeles Times Locations: New York, New York City, Lower Manhattan, Manhattan, United States, Stockholm, London, Singapore, New Jersey, York, Los Angeles
“I think it’s sad to say that what Beijing and Hong Kong are doing is trying to erase history and the memory,” said Kevin Yam, a former lawyer in Hong Kong, who will be attending a ceremony in Melbourne, Australia, where he now resides. “Hong Kong has been carrying the torch for commemorating the Tiananmen massacre, keeping the legacy alive. When the museum was shut down, with the Hong Kong alliance’s leaders in prison, we knew it was a critical moment,” he said. Thousands gathered at a candlelit vigil in Hong Kong on June 4, 2017, to mark 28 years since China's bloody Tiananmen Square crackdown. “It is true that the commemorations around June 4th have expanded and become more global since it has become impossible to do anything in Hong Kong,” he told CNN.
Persons: Tyrone Siu, Hong Kongers, , Kevin Yam, Zhou, Zhou Fengsuo, Wang Dan, Hong Kong’s, , Hong Kong, Isaac Lawrence, Chris Tang –, , Louise Delmotte, Richard Tsoi, Catherine Henriette, Jens Galschiot, Anthony Kwan, Kongers Organizations: Hong Kong CNN, Communist Party, Reuters, CNN, Hong, People’s Liberation Army, Authorities, Getty, Victoria Park, Chinese Communist Party, Hong Kong Alliance, Police, . Police, of, Los, , Britain –, London Locations: Hong Kong, China, Victoria, Beijing, Australia, Japan, Taiwan, Europe, United States, Canada, Melbourne, New York, York, “ Hong Kong, Hong, AFP, Tiananmen, Berlin, Danish, Germany, Los Angeles, Boston, Norway, Causeway, Britain, Nottingham, Manchester, London
LONDON, May 2 (Reuters) - British Foreign Secretary James Cleverly expects to meet China's Vice President Han Zheng when foreign leaders visit London for King Charles's coronation, a rare meeting between senior government officials during a low point in UK-China relations. "I suspect that I will," Cleverly told BBC Radio on Tuesday when asked if he would be meeting Han. He said he would discuss a range of subjects including areas where Britain has "points of criticism". Cleverly, who hopes to visit China this year, suggested he would speak to Han about some of those concerns. That approach faces opposition from some within Britain's governing Conservative Party who have argued for an even tougher stance against China, including by reclassifying the country as a "threat" instead of a "systemic competitor".
India has not suspended trade talks with UK, officials say
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +3 min
NEW DELHI, April 10 (Reuters) - Trade talks between India and Britain have not been suspended and will continue this year, three officials said on Monday, responding to a British newspaper report that said India had "disengaged" from the talks after London failed to condemn Sikh separatists. An official in India's foreign ministry said progress in the trade talks and New Delhi's concerns around Sikh separatist activities in Britain should not be interlinked. A diplomatic official in the British High Commission in New Delhi said trade talks will continue in a scheduled manner and security officials in London were addressing India's concerns about Sikh separatist activities in Britain. "Both the UK and India are committed to delivering an ambitious and mutually beneficial FTA and concluded the latest round of trade talks last month," a spokesperson for Britain's Department for Business and Trade said. A second Indian foreign ministry source said that trade talks with Britain had not been suspended, and described the media report to be "baseless".
[1/3] Pope Francis greets people as he attends the weekly general audience in St. Peter's square at the Vatican, March 8, 2023. REUTERS/Guglielmo MangiapaneVATICAN CITY, March 8 (Reuters) - Following are some of the major events of the life and ministry of Pope Francis, who marks the 10th anniversary of his election as pontiff on March 13. 2017Jan. 2 - Pope Francis says in a letter bishops must show zero tolerance to clergy who sexually abuse children. May 18 - In unprecedented move, all Chile's bishops offer to resign after attending crisis meeting with Pope Francis. In March 2022, he introduces a reform saying Catholic women could in future take charge of most departments.
London-based fintech Revolut posted its first annual profit for the year ending 2021. Despite repeatedly missing reporting deadlines, Revolut could soon cinch a UK banking license. Revolut, the London-based fintech firm, has posted its first annual profit after missing multiple deadlines to release its financials. Revolut posted a net profit of £26.3 million ($31.8 million) for the full year 2021, according to its latest annual report. Revolut's annual profit makes it the second UK challenger bank to achieve profitability after London-based Starling Bank.
London's Metropolitan Police has been hardest hit: After years of saying serious misconduct cases were isolated incidents, it now says it must change its culture. "We have failed and I'm sorry," Mark Rowley, the Met's new chief and Britain's most senior officer, said in January. According to an official report, officers had passed off the conversations as 'banter'. RISING CRIMESome officers officers think the government needs to look at itself. Braverman was reported last year as having told police chiefs to prioritise "common-sense policing" over diversity efforts and virtue-signalling "woke" messaging.
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