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☆ Ikea group CEO tells BI shoppers are trading down to save money
▼ + stars: | 2024-11-19 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

And while the past year has been challenging, this strategy is paying off, according to Jasper Brodin, CEO of Ikea's parent company, Ingka Group. "People have the same needs, but they have much less money in their wallet," he added. AdvertisementHowever, Ikea has benefited from investing in low prices because it has attracted more shoppers away from pricier rivals. AdvertisementBecause of this, he said that Ikea customers are largely engaging in needs-based shopping, picking up the necessities first, like a new bed or kitchen table, instead of non-essential items. "There is a large stimulus package coming from the government right now, which is helping, but people have been holding on to their money," Brodin said.

Persons: Jasper Brodin, — Brodin, —, Nora Redmond, lockdowns, Brodin Organizations: Ikea, Ingka, Oxford, Starbucks Locations: London, China

☆ Britain is building the most expensive railway in the world. Many people now think it’s pointless
▼ + stars: | 2024-11-18 | by ( Ben Jones | ) edition.cnn.com time to read: +17 min

Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.

Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, ”, Ricardo Ferreras, “, ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, —, Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

☆ Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
▼ + stars: | 2024-11-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Analysts responded positively to the news, pointing to a potential "turning point" for the embattled brand. The plans were delivered alongside Burberry's 2024 interim results, which saw sales fall 20% for the second consecutive quarter. A 'turning point' for embattled BurberryThe underperformance comes amid a wider slowdown in the luxury sector, with the personal luxury goods market set to contract 2% this year. Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, described it as a "turning point in what has been a very difficult period." Pedestrians walk past the window display of the store of British fashion label Burberry, in central London, on September 2, 2024.

Persons: Kevin Lee, Schulman, Joshua Schulman, Michael Kors, Burberry, Burberry Schulman, Burberry's, Piral Dadhania, Dadhania, Mamta, Cheviot, Henry Nicholls Organizations: Getty, Burberry, RBC Capital Markets, Afp Locations: Shanghai, London

☆ Booker Prize 2024: Samantha Harvey’s space-station novel ‘Orbital’ wins annual literature award
▼ + stars: | 2024-11-12 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

London AP —British writer Samantha Harvey won the Booker Prize for fiction on Tuesday with “Orbital,” a short, wonder-filled novel set aboard the International Space Station that ponders the beauty and fragility of Earth. The prize is open to English-language writers of any nationality and has a reputation for transforming writers’ careers. De Waal praised the “crystalline” writing and “capaciousness” of Harvey’s succinct novel — at 136 pages in its UK paperback edition, one of the shortest-ever Booker winners. Harvey is the first female Booker winner since 2019, though one of five women on this year’s shortlist, the largest number in the prize’s 55-year history. Founded in 1969, the Booker Prize is open to novels originally written in English published in the UK or Ireland.

Persons: Samantha Harvey, Booker, Harvey, ”, Edmund de Waal, ” Gaby Wood, ” Harvey, Ian McEwan, Margaret Atwood, Salman Rushdie, Hilary, Waal, Percival Everett, “ James, Twain’s, Huckleberry Finn ”, Jim, Rachel Kushner’s, Canadian Anne Michaels, Charlotte Wood’s, Yael van der, De Waal, Paul Lynch, ” Lynch Organizations: London AP, Space, Prize Foundation, Ireland Locations: British, Canada, United States, Australia, Netherlands, Canadian, London, Japan

☆ Bank of England set for second cut after Labour reveals tax-hiking budget
▼ + stars: | 2024-11-07 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

A pedestrian crosses the streets in front of The Bank of England illuminated by a ray of sunlight, in central London, on February 12, 2024. LONDON — The Bank of England is widely expected to cut interest rates Thursday, when policymakers deliver their first monetary policy decision following Labour's bumper budget announcement last week. The BOE is forecast to lower rates by 25 basis points for the second time this year, bringing its key rate to 4.75%. Policymakers had signaled a "gradual approach" to cuts after holding rates steady at their September meeting. The Federal Reserve on Thursday will also deliver its latest interest rate decision following the conclusion of the U.S. presidential election, having previously cut by 50 basis points in September.

Persons: BOE, Goldman Sachs, Rachel Reeves Organizations: The Bank of England, LONDON, Bank of England, Finance, Federal Reserve, U.S Locations: London

☆ British regulator says $19.5 billion Vodafone-Three merger could go ahead if remedies are adopted
▼ + stars: | 2024-11-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

LONDON British telecom firms Vodafone and Three's multibillion-pound merger could go ahead if the companies adopt a series of proposed remedies to clear competition concerns, regulators said Tuesday. Vodafone has previously said that the combined entity, once merged, would invest £11 billion ($14.46 billion) into U.K. telecommunications infrastructure. Vodafone has also said it disagrees with earlier findings from the CMA that the merger would lead to price increases for consumers. It says the merger wouldn't pricing strategy and would enhance competition between mobile virtual network operators, or MVNOs. "Approval would mark one of the most significant developments in the history of UK mobile, heralding the arrival of a new market leader with over 29 million customers," Manning said in emailed comments.

Persons: Margherita Della Valle, Three's, Stuart McIntosh, McIntosh, CK Hutchison, Kester Manning, Manning Organizations: Vodafone, LONDON, Markets Authority, Ofcom, CMA, CNBC, 5G, Sky Mobile, Mobile, CK, CK Hutchison, EE, BT, O2, Telefonica, Liberty Global, CCS Insight Locations: London, British, Hong Kong

☆ Cheesemakers left reeling after a 'bizarre' heist of cheddar worth almost $400,000
▼ + stars: | 2024-11-02 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

Almost 50,000 pounds of artisanal cheese were stolen in a sophisticated heist in the UK. AdvertisementOne of the most sophisticated cheese heists in history has left British cheesemakers reeling and facing an uncertain future. Neal's Yard unwittingly delivered the cheese, estimated to be worth about £300,000 ($390,000), to the fraudsters before realizing they were not legitimate buyers. "One of the things that made it so appealing was thinking that we'd see British cheese in a French supermarket." Calver said Neals Yard Dairy's ability to survive the financial loss is critical for the sector.

Persons: —, fraudsters, Matt Austin, Ben, we'd, Trethowan, Tom Calver, they've, we've, Ticehurst, Brothers Todd, Maugan, David Lockwood, Calver, Todd Trethowan, Nicholas Saunders, Randolph Hodgson Organizations: Service, BBC News, Metropolitan Police, Business, Westcombe, Neal's Locations: French, British, London, Netherlands, Gouda, Trethowan, cheddar, Covent Garden

☆ European markets expected to open lower ahead of euro zone inflation data
▼ + stars: | 2024-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. LONDON — European markets were heading for a lower open Thursday as investors look ahead to the latest euro zone inflation data. The preliminary reading for October will be closely watched as it will inform the European Central Bank as to the trajectory of expected interest rate cuts. Flash economic data published Wednesday showed that the euro zone economy grew 0.4% in the third quarter of 2024, above the 0.2% rise expected by economists polled by Reuters. There are more earnings Thursday with Shell , Stellantis , Maersk , AB Inbev and Carlsberg reporting.

Persons: Rachel Reeves Organizations: London's FTSE, European Central Bank, Reuters, Shell, Maersk, AB Inbev, Carlsberg, Labour Locations: London, London's

☆ UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
▼ + stars: | 2024-10-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Britain's Prime Minister Keir Starmer delivers a speech on stage during the International Investment Summit, held at The Guildhall, in central London, on October 14, 2024. LONDON — U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anemic investment in the country. The prime minister restated that growth was the "No. Starmer also outlined stability, strategy, regulation and improving Britain's global standing as "four crucial areas" in his pitch for Britain. "Private sector investment is the way we rebuild our country and pay our way in the world," Starmer said.

Persons: Keir Starmer, We've, Starmer, Brexit, Jonathan Reynolds Organizations: Britain's, International Investment Summit, Guildhall, LONDON, Investment Summit, London's, Britain, Labour, Business, Sunday Locations: London

Read previewThe new AI iPhone is officially available in Apple stores, hitting shelves in almost 60 countries around the world on Friday. The iPhone 16 is the first phone to launch in Apple's new era of artificial intelligence. Although the iPhone 16 won't come straight out of the box with Apple Intelligence, it's one of only two iPhone generations that's compatible with the software. They had pre-ordered the iPhone 16 for themselves and their friends. AdvertisementQueues outside Apple store in Singapore 1 hour into store opening.

Persons: —, there's, Shubhangi Goel, Apple Organizations: Service, Apple, Apple Intelligence, Business, Control, BI, Orchard, Samsung, Huawei, Apple Watch, Lines, Regent, Apple's Regent Locations: Orchard, Singapore, Vietnam, Sri Lanka, India, London, Apple's, Covent Garden, Covent, Europe, Mumbai, Hangzhou, China

☆ Faces of 726 trans and nonbinary people adorn London’s Trafalgar Square
▼ + stars: | 2024-09-19 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

LONDON — An artwork featuring the plaster face casts of hundreds of transgender people went on display Wednesday in London’s Trafalgar Square, where their features will be worn away by London’s wind and rain over the next 18 months. Mexican artist Teresa Margolles’ “Mil Veces un Instante (A Thousand Times in an Instant)” is a 3.3-metric-ton (3.6-US-ton) cube covered in face masks of 726 trans, nonbinary and gender nonconforming people. It’s the latest artwork placed atop the “Fourth Plinth,” a large stone pedestal in the central London square. The new sculpture evokes a Tzompantli, a rack used in Mesoamerican civilizations to display the skulls of captured enemies and sacrifice victims. It pays tribute to one of the artist’s friends, a transgender woman named Karla who was killed in Ciudad Juárez, Mexico, in 2015.

Persons: Teresa Margolles ’, Karla Organizations: Times Locations: London’s, Mexican, London, Ciudad Juárez, Mexico

☆ Harrods ‘utterly appalled’ by allegations that former owner Mohamed Al Fayed raped staff
▼ + stars: | 2024-09-19 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

London CNN —The high-end London department store, Harrods, said Thursday that it is “utterly appalled” by allegations of abuse – including rape – perpetrated by its former owner, the late billionaire Mohamed Al Fayed. More than 20 female ex-Harrods employees have accused Al Fayed, who died last year at age 94, of sexually assaulting them, according to an in-depth BBC investigation. One said she was assaulted when she was 15 and Al Fayed was 79. Stefan Kiefer/imageBROKER/ShutterstockIn 2008, Al Fayed denied allegations of sexual assault on a girl under the age of 16. This process is still available for any current or former Harrods employees.”

Persons: Mohamed Al Fayed, Al Fayed, Al, Duke of Windsor, Al Fayed’s, Dodi Fayed, Princess Diana, Fayed’s, ” “, Tony Leeming, Stefan Kiefer, imageBROKER, ” Organizations: London CNN, Harrods, Ritz, Villa Windsor, BBC, Police, ” Harrods Locations: London, Harrods, Paris, British, Paris .

☆ Telling stories that go beyond the 24-hour news cycle
▼ + stars: | 2024-09-18 | by ( Business Insider Press Room | ) www.businessinsider.com time to read: +1 min

Business Insider is pleased to announce that Erica Berenstein, deputy editor in chief and head of video, will moderate a panel at The Frontline Club in London on Thursday, October 3rd at 7pm GMT. The discussion will focus on how journalists can tell stories that go beyond the 24-hour news cycle and will include a panel of distinguished reporters from the BBC, The New York Times and Reuters. Berenstein will be accompanied by former BBC Newsnight producer, Sam McAlister, who arranged the programme's groundbreaking interview with Prince Andrew. The New York Times international correspondent, Megan Specia and Reuters' text and video journalist, Stephen Farrell, of Reuters, will also feature as panelists. The Frontline Club is based in Paddington, Central London and has hosted some of the biggest names in British journalism over the years and Business Insider is excited to contribute to its rich history.

Persons: Erica Berenstein, Sam McAlister, Prince Andrew, Megan Specia, Stephen Farrell Organizations: Frontline, BBC, The New York Times, Reuters, Business Locations: London, Paddington, Central London

☆ Just Stop Oil demanded climate action. Their protests have landed them in prison
▼ + stars: | 2024-09-14 | by ( Kara Fox | ) edition.cnn.com time to read: +16 min

Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.

Persons: Cressie Gethin, “, — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, —, ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, ”, ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, —, US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland

☆ Two charged with stealing Banksy artwork 'Girl with a Balloon' from London gallery
▼ + stars: | 2024-09-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

LONDON — Two alleged art thieves will appear in court in London next month accused of stealing “Girl With Balloon,” a famous painting by the mysterious British street artist Banksy. Larry Fraser, 47, from east London, and James Love, 53, from Essex, were both charged with non-residential burglary and placed in police custody on Thursday. The artwork — which shows a little girl letting go of, or perhaps reaching out for, a heart-shaped balloon — was stolen from a gallery in central London on Sept. 8 at 11:00 p.m, police said. The painting was the only item stolen and police said it had been recovered and would be returned to the gallery. The latest artworks from Banksy were a series of animal paintings dotted around London last month.

Persons: Banksy, Larry Fraser, James Love Organizations: London's Metropolitan Police, force's, Wimbledon, Kingston Crown, Bank, West Bank, Banksy Locations: London, London's, Essex, Kingston, Bristol, Israel's

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

A man has been arrested after an 11-year-old girl and a 34-year-old woman were stabbed in central London, London’s Metropolitan Police said Monday. The attack occurred in Leicester Square, a magnet for tourists with its shops, theaters and cinemas. The square and surrounding area have an estimated 2.5 million visitors every week. The stabbing occurred as Britain is on edge after violence for the past week as crowds spouting anti-immigrant and Islamophobic slogans clashed with police. Ministers remained on high alert, Prime Minister Keir Starmer’s office said, adding its work was not done in dealing with the fallout from the violence.

Persons: Taylor Swift, Keir Starmer’s Organizations: London’s Metropolitan Police, Police Locations: London, Leicester, Britain

☆ What’s it like to play Olympic beach volleyball in the Eiffel Tower’s shadow? ‘Iconic’
▼ + stars: | 2024-07-29 | by ( Brendan Quinn | ) www.nytimes.com time to read: +5 min

And in that sky, directly above this beach volleyball stadium, loomed the Eiffel Tower. Of all 32 sports being played in these Olympics, none has a location that rivals beach volleyball. Beach volleyball’s Olympic history dates back to 1996 and a simple artificial beach stadium in Clayton County Park outside Atlanta. It’s easy to feel impossibly small in the shadow of the Eiffel Tower. There are seven more sunsets over Eiffel Tower Stadium for beach volleyball.

Persons: Kelly Cheng, Sara Hughes, Hughes, Cheng, They’ve, Paris . Cheng, ” Cheng, “, Cameron Spencer, de Mars, ”, Kristen Nuss, Nuss, Taryn Kloth’s, ” Hughes, “ I’ve, ” Kelly Cheng, Loyola Stien, Aline Chamereau, Clémence Vieira, ” Chamereau, Champ de, Manoir, Rodolfo Buhrer Organizations: FIVB, University of Southern, NCAA, Hollywood, London, Horse Guards, Canada, Games, Sunday, Eiffel, Loyola, Paralympic, Olympic Locations: University of Southern California, Paris ., Paris, Angeles, Santa Monica, Clayton County Park, Atlanta, St James’s, London, Rio, Copacabana, Tokyo, Shiokaze, American, U.S, Czech Republic, Germany, Eurasia

☆ Meet the mastermind behind 'Mamma Mia!' — the musical that's been playing in London for 25 years
▼ + stars: | 2024-07-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +9 min

"Mamma Mia!" AdvertisementBjorn Ulvaeus and Benny Andersson at the London premiere of "Mamma Mia! "Mamma Mia!" Dave M. Benett/Getty ImagesThe film's huge success meant a sequel was always on the cards — and "Mamma Mia! musical, Craymer had a stint as chair of Universal Music that spanned its stock market debut in September 2021.

Persons: —, Meryl Streep, Pierce Brosnan, Colin Firth, Judy Craymer, Mia, Craymer, Benny Andersson, Björn Ulvaeus, Abba, Tim Rice, Cramer didn't, Bjorn Ulvaeus, Wiktor Szymanowicz, Catherine Johnson, Phyllida Lloyd, Johnson, Lloyd, Andersson, Ulvaeus, I'm, — I'm, they're, Streep, Donna, Bertolt Brecht's, Courage, Ashley Lilley, Amanda Seyfried, Stellan Skarsgård, Julie Walters, Dominic Cooper, Dave M, Cher, Mamma Mia, Meryl, Pierce, Cameron Mackintosh, Andrew Lloyd Webber, Bruce Milton Miller, Richard East, Taylor Swift, Lucian Grainge, Michael Buckner Organizations: Service, Business, London, Cher, London's Guildhall School of Drama, Fairfax Media, Universal, Variety Locations: London, Swedish, New York, Cannes, North America, Sweden

☆ The British monarchy steps up efforts to go green with solar panels on palaces and biofuel-powered Bentleys
▼ + stars: | 2024-07-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. The King’s two Bentleys will also be modified within the next year to run on biofuel, according to Britain’s PA Media. The Royal Household aims to transition to an “almost fully electric” fleet of vehicles eventually, the accounts said, without providing a target date. Whether biofuels used for vehicles reduce carbon emissions is contentious and depends on many factors, including their source. Crown Estate profits soared in the 2023-24 financial year to a record £1.1 billion ($1.4 billion), boosted by revenue from offshore wind projects.

Persons: London CNN — King Charles III, Prince Harry, Meghan, —, Charles ’, Sovereign Grant —, Sovereign Grant, Angela Dewan Organizations: London CNN, Royal, Windsor Castle, Britain’s, Media, Royal Household, SAF, Sandringham Estate, Sovereign, Northern Ireland — Locations: British, Windsor, Windsor Castle —, Sandringham, United States, London, England, Wales, Northern Ireland

☆ Food, beer and bowls: London chef Ben Lippett shares his favorite places to unwind
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +1 min

Chef Ben Lippett, known as @dinnerbyben to his hundreds of thousands of followers on social media, built his audience with approachable guides to "really good home cooking." Unsurprisingly though, Lippett's inspiration comes from beyond the confines of his home, with much of it sitting just outside his door in Peckham. The southeast London neighborhood, just a 15-minute train ride away from central London, has a burgeoning food scene growing alongside its "up-and-coming" status. In the latest episode of CNBC's new travel series Downtime, Lippett reveals some of his favorite places to unwind, including:Peckham Bowls, a bowling green in Peckham Rye Park where you can grab a beer and play a game of lawn bowls – without the usual stuffinessF.C. Soper, a family-run fishmonger with seafood straight from the iconic Billingsgate Fish MarketGrove Lane Deli, a quaint bakery with coffees and cakes worth the long queue on the weekendForza Wine, a casual bar with small plates, cocktails, natural wines and a killer city view from the terraceWatch the video above for an insider's look at how to enjoy your downtime in Peckham.

Persons: Ben Lippett, Soper Organizations: Peckham, F.C, Wine Locations: Peckham ., London, unwind, Peckham Rye Park, Peckham

☆ From Exile in London, a Crime Novelist Works to Transform Russia
▼ + stars: | 2024-07-14 | by ( Neil Macfarquhar | ) www.nytimes.com time to read: +1 min

The Kremlin recently labeled the author — who went into self-imposed exile in London a decade ago — a “terrorist” and effectively banned his works. When President Vladimir V. Putin ordered the invasion of Ukraine in February 2022, Mr. Akunin wrote on Facebook, “Russia is ruled by a psychologically deranged dictator and worst of all, it obediently follows his paranoia.” At that time, he began contemplating how cultural figures fleeing abroad might still reach their domestic audience and perhaps help to spur change at home. Being cut off from his own readers lent the project special urgency. “I have to say, the amount of work and writing I’ve been doing over these two terrible years, never in my life have I written so much,” he told the audience members, who laughed when he said that a writing binge trumped a drinking binge. “It is a form of escapism.”

Persons: Boris Akunin, “, ” Mr, —, ”, Vladimir V, Putin, Akunin, obediently, I’ve Organizations: Russian Army, Facebook Locations: London, Ukraine, Russia

☆ Buckingham Palace is opening up the room behind its famous balcony to the public for the first time
▼ + stars: | 2024-07-12 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

CNN —Buckingham Palace’s famous balcony room, where the monarch and other members of the royal family gather on special occasions before waving at cheering crowds in the streets below, is opening to the public for the first time. Final preparations are made in the Centre Room on July 8, where members of Royal Collection Trust staff tend to a chandelier. Victoria and Prince Albert were the first royals to use Buckingham Palace as a family home, following their marriage in 1840. The East Wing was built shortly after, between 1847 and 1849, to accommodate their growing family. Today, Buckingham Palace is mainly used for official meetings and events.

Persons: CNN — Buckingham, Jonathan Brady, Catherine , Princess of Wales, Queen Victoria, Emperor, Thomas Gainsborough, Thomas Lawrence, Franz Xaver Winterhalter, George IV, Queen Victoria’s, George IV’s, Prince Albert, Keir Starmer, King Charles III, you’re, Buckingham Organizations: CNN’s Royal, CNN, East, Royal Collection Trust, Royal Collection, Brighton, Staff Locations: London, Buckingham, China, England, Victoria, Buckingham Palace’s

☆ Manchester United to cut 250 jobs as Sir Jim Ratcliffe continues Old Trafford cost-cutting
▼ + stars: | 2024-07-03 | by ( Adam Crafton | ) www.nytimes.com time to read: +8 min

Manchester United today told staff that the club is intending to cut 250 jobs as new co-owner Sir Jim Ratcliffe continues his bid to slash costs at Old Trafford. All department and levels within the club will be impacted and the club says it will not include staff at their charitable arm, the Manchester United Foundation. What power does INEOS have over how Manchester United are run? Because it is a policy change, it would have been shared across the leaders of the football club but it was not something that needed board approval to be implemented. By Dan SheldonGO DEEPER Explained: INEOS' bid to cut non-football staff at Manchester United(Marc Atkins/Getty Images)

Persons: Sir Jim Ratcliffe, Jean, Claude Blanc, INEOS, —, United’s Carrington, Glazer, Dave Brailsford, Ratcliffe, Richard Arnold, Patrick Stewart, John Murtough, Cliff Baty, Ellie Norman, Victoria Timpson, Snapdragon —, Dan Ashworth, Erik, Hag, Ashworth, Jason Wilcox, Omar Berrada, Blanc, Berrada, Sir Dave Brailsford, Brentford, Dan Sheldon, Marc Atkins Organizations: Manchester United, Interim, Interpath, Manchester United Foundation ., Old, United, Getty, FA, Athletic, Newcastle United, Manchester City, Team GB, Advisory, Premier League, UEFA, League, City Football Group Locations: Old Trafford, Manchester, London, INEOS, Ratcliffe, United, European, Brailsford

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