britain
London's famous Victoria and Albert Museum has recruited four British Swifties to become the first Taylor Swift superfan advisers to the institution. The museum previously said it is looking for insights into the culture and craftsmanship behind handmade signs, friendship bracelets and memorabilia associated with the 14-time Grammy award-winning artist. It is customary for Swift's fans to swap friendship bracelets with each other at the shows. More than 1,000 people applied for the role after it was advertised earlier this year. The four chosen candidates are Kelsey Barnes, 31, a journalist an...
DPA International
Trade ministers of the G7 group of democratic industrialized countries agreed on increased cooperation to deal with market-distorting practices and overcapacity at a meeting in southern Italy on Wednesday. "We will support diplomatic efforts with those contributing to overcapacity to address the issue at its source, while intensifying engagement with developing countries and emerging markets on our shared concerns on these practices," the concluding statement said. Part of the enhanced cooperation was to monitor non-market policies and practices as well as to exchange information and consult o...
DPA International
Burberry Group reported on Monday retail revenue of £458 million ($594 million) for the 13 weeks ended June 29, compared to £589 million last year, and announced a new chief executive. Comparable store sales were down 21% for the period. The British luxury group noted that if the slowdown trend continues through the current quarter, it expects a first-half operating loss, and fiscal 2025 operating profit to be below current consensus. The group anticipates wholesale revenue to decline by around 25% in first half and decline by around 30% for the full year. "Our first quarter performance is dis...
DPA International
Shell Trinidad and Tobago Ltd, a subsidiary of Shell Plc, announced on Tuesday that it has taken the final investment decision on the Manatee project, an undeveloped gas field in the East Coast Marine Area or ECMA in Trinidad and Tobago. The Manatee gas field will provide backfill for the country's Atlantic Liquefied Natural Gas (LNG) facility. Shell noted that increasing utilization at existing LNG plants is an important lever to maximize potential from its existing assets. Zoe Yujnovich, Shell's Integrated Gas and Upstream Director, said: "This project will help meet the increasing demand fo...
DPA International
Marston's, a British pub and hotel operator, announced Monday a binding agreement to sell the whole of its 40% interest in brewing joint venture, Carlsberg Marston's Limited or CMBC, to a subsidiary of Carlsberg for £206 million ($263 million) in cash. With the sale of its remaining non-core brewing assets, the company now will be a pure play hospitality business entirely focused on pubs. The Board of Marston's has unanimously approved the deal, which is expected to be completed before the end of September 2024. Marston's plans to use the net proceeds to de-leverage, including paying down the ...
DPA International
Danish brewery group Carlsberg and Britvic, a British producer of soft drinks, on Monday said they have agreed on the terms whereby Carlsberg's unit Carlsberg UK Holdings Limited will acquire Britvic for an enterprise value of about £4.1 billion ($5.2 billion) to be paid in cash. The acquisition values at nearly £3.3 billion on a fully diluted basis. Carlsberg plans to create a single beverage company in the UK, to be named Carlsberg Britvic. The company intends to take advantage of the highly synergistic relationship between beer and soft drinks, including within the areas of procurement, pro...
DPA International
German Chancellor Olaf Scholz on Friday congratulated the British Labour Party on its comprehensive victory in the United Kingdom's general election. Asked whether he saw himself in a new alliance with freshly appointed British Prime Minister Keir Starmer, the Social Democratic Party (SPD) leader concurred, saying he was delighted with the result. As a traditional centre-left party, Labour occupies a similar place on the UK's political spectrum to Scholz's SPD in Germany. Scholz said he knows Starmer personally and has met him several times, and stated that he would be a very successful prime ...
DPA International
German Chancellor Olaf Scholz has welcomed the Labour Party's victory in the British general election. In response to a question as to whether he saw himself in a new alliance with the new British Prime Minister Keir Starmer, The Social Democrat (SPD) leader said: "Yes." He said he was delighted about Labour's election victory. As a mainstream centre-left party, Labour occupies a similar place on the political spectrum in the UK as Scholz's SPD in Germany. Scholz said he knows Starmer personally and has met him several times, and maintained that he would be a very successful prime minister.
DPA International
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA International
German lawmaker Katarina Barley of the European Social Democrats welcomed the Labour Party's election victory in the UK, stating that it gives hope to the EU. Barley was one of the vice-presidents of the European Parliament in the last legislative period and her party's top candidate in the European elections in June. "I am pleased that, after years of tension, a Labour prime minister in London will now have the opportunity to strike a more friendly and constructive tone," Barley told dpa. Barley, who has a British father, added that after 14 years of conservative government, including Brexit,...
DPA International
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