Robert St. John is the founder of Extra Table and has spent 40 years in the restaurant business.
Robert St. John is the founder of Extra Table and has spent 40 years in the restaurant business.
(Bloomberg) -- Reliance Industries Ltd., controlled by Asia’s richest person Mukesh Ambani, bought Stoke Park Ltd. for $79 million, adding an iconic locale that’s been the setting for two James Bond films to its portfolio of tourism properties.A wholly owned unit of Reliance Industries will buy Stoke Park, which owns and manages a hotel, sports and leisure facilities in Buckinghamshire, for 57 million pounds ($79 million), according to an exchange filing late Thursday. The acquisition will add to Reliance’s consumer and hospitality assets, the filing said.The property’s rolling golf course has been famous since James Bond played a game with Auric Goldfinger there in the 1964 blockbuster. Since then, the estate with the Georgian-era mansion set in the midst of 300 acres of parkland has also been a backdrop in productions like “Bridget Jones’s Diary” and Netflix Inc.’s British Royal Family drama “The Crown”.In real life, its 49 luxury bedrooms and suites, 27-hole championshop golf course, 13 tennis courts and 14 acres of private gardens attracts wealthy tourists from across the world.The latest marquee acquisition for Indian billionaire Ambani’s retail-to-refining conglomerate marks its pivot toward consumer offerings and yet another high-profile British brand purchase. Reliance bought struggling U.K.-based toy store chain Hamleys in 2019 and is seeking to revive it.Flush with $27 billion in fresh capital after selling stakes in Reliance’s retail and digital units last year, Ambani is helming a transformation as he seeks to build consumer services into a equal-sized pillar for Reliance Industries, paring dependence on profits from its traditional oil refining business. Acquiring marquee global brands underscores that strategy.Private GardensAlthough the Stoke Park estate has a recorded history of over 900 years, it was used as a private residence until 1908, according to its official website.Ambani has a net worth of $71.5 billion, making him the 13th richest person in the world, according to the Bloomberg Billionaires Index.The group “will look to enhance the sports and leisure facilities at this heritage site,” Reliance said in the filing. Ambani’s conglomerate has equity holding in EIH Ltd., which runs the chain of five star Oberoi Hotels.Reliance has announced acquisitions worth $3.3 billion in the past four years, with 80% of it in the media, technology and telecom sectors, according to an April 23 report by Morgan Stanley. Last year, Reliance bought out IMG Worldwide LLC’s 50% stake in their India sports management joint venture, signaling commitment to its sports and entertainment businesses.The U.K. is emerging as a real estate hotspot for wealthy Indians. Adar Poonawalla, chief executive officer of the Serum Institute of India Ltd. -- the largest vaccine manufacturer in the world -- agreed to rent a property in Mayfair for about 50,000 pounds ($69,300) a week, a record for the exclusive London neighborhood, Bloomberg reported last month.(Updates with comments from Morgan Stanley in the 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Ministry of Health (MOH) confirmed 39 new COVID-19 cases in Singapore on Friday (23 April), taking the country's total case count to 60,943.
It could see drivers hit with two demerit points and becomes active from Monday in one state.
The "Global RET Inhibitors Drug Market Opportunity & Clinical Trials Insight 2026" report has been added to ResearchAndMarkets.com's offering.
Dublin, April 23, 2021 (GLOBE NEWSWIRE) -- The "Global EMI/RFI Filters Market Size by Type, by Application, by Geographic Scope And Forecast" report has been added to ResearchAndMarkets.com's offering. EMI/RFI Filters Market was valued at USD 844.80 Million in 2020 and is projected to reach USD 1,079.48 Million by 2027, growing at a CAGR of 3.56% from 2020 to 2027.Global EMI/RFI Filters Market OverviewGlobal recovery trend of EMI/RFI Filters Market is clear due to this the investors are still optimistic about this area and there are some new investment in the market of EMI/RFI Filters which leads to create lucrative opportunities for the market. National policies are fueling the growth of the market. Due to increase in the downstream demand there is an rise in demand for Global EMI/RFI Filters Market. Global EMI/RFI Filters Market: Segmentation AnalysisThe Global EMI/RFI Filters Market is segmented based on Type, Application, and Geography.Key Players in EMI/RFI Filters Quality Control MarketThe major players in the market are Murata, Schaffner, NXPSemiconductors, TDK, Nec Tokin, AVX, Astrodyne, TE Connectivity, Panasonic, Tusonix, Vishay, INPAQ Technology, ON Semiconductors, Exxelia Dearborn, Shanghai Aerodev, AOS, ETS-Lindgren and Jianli Electronic.Key Topics Covered: 1 Introduction of Global Emi/Rfi Filters Market1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions2 Executive Summary3 Research Methodology3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources4 Global Emi/Rfi Filters Market Outlook4.1 Overview4.2 Market Dynamics4.3 Porters Five Force Model4.4 Value Chain Analysis5 Global Emi/Rfi Filters Market, by Type5.1 Overview5.2 Board Mount Emi/Rfi Filters5.3 Power Line Emi/Rfi Filters5.4 Data Line Emi/Rfi Filters6 Global Emi/Rfi Filters Market, by Application6.1 Overview6.2 Industrial Application6.3 Communication6.4 Electronics7 Global Emi/Rfi Filters Market, by Geography7.1 Overview7.2 North America7.2.1 U.S.7.2.2 Canada7.2.3 Mexico7.3 Europe7.3.1 Germany7.3.2 U.K.7.3.3 France7.3.4 Rest of Europe7.4 Asia-Pacific7.4.1 China7.4.2 Japan7.4.3 India7.4.4 Rest of Asia-Pacific7.5 Rest of the World7.5.1 Latin America7.5.2 Middle East8 Global Emi/Rfi Filters Market Competitive Landscape8.1 Overview8.2 Company Market Ranking8.3 Key Development Strategies9 Company Profiles9.1 Overview9.2 Financial Performance9.3 Product Outlook9.4 Key Developments MurataSchaffnerNXPSemiconductorsTDKNec TokinAVXAstrodyneTE ConnectivityPanasonicTusonixVishayINPAQ TechnologyON SemiconductorsExxelia DearbornShanghai AerodevAOSETS-Lindgren and Jianli Electronic For more information about this report visit https://www.researchandmarkets.com/r/lhex4i CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
(Bloomberg) -- Futures rose Friday as investors digested a proposal for higher taxes to pay for President Joe Biden’s fiscal stimulus.The upbeat sentiment signaled the S&P 500 Index may be poised to rebound from the steepest decline in five weeks that followed a Bloomberg News report Biden plans to nearly double the capital gains rate on the wealthy. Treasuries and the dollar dipped.Investors are weighing the implications of higher taxes against the potential spillover benefits of spending on infrastructure. While loose central bank policy is helping support stocks near record highs, these levels look precarious given worsening news about the spread of Covid-19 in parts of the world.Read: Fat Valuations and Tech Stocks Seen as at Risk in Biden Tax Plan“We don’t think it derails the equity market recovery,” said Nupur Gupta, portfolio manager at Eastspring Investments, said of the tax proposal on Bloomberg TV. “Equity sentiment does appear to be stretched, which is why any negative news that you get can lead to a consolidation in markets in the short term.”European stocks erased an earlier loss amid a mixed batch of earnings. Shares in Swedish telecom Telia Co. fell as much as 3% as analysts flagged “worrying” service revenue trends in the first quarter even though overall results were in line.Meanwhile, oil rose but remains on course for a weekly drop of around 2% as energy demand wavers with the virus rampant in key markets outside the U.S.Elsewhere, Bitcoin slid below $50,000, headed for its seventh loss in eight days. Investors already face a capital-gains tax if they hold the cryptocurrency for more than a year.The U.S. releases new home sales data later on Friday.These are some of the main moves in markets:StocksFutures on the S&P 500 Index increased 0.3% as of 9:05 a.m. London time.The Stoxx Europe 600 Index was little changed.The MSCI Asia Pacific Index gained 0.3%.The MSCI Emerging Market Index gained 0.6%.CurrenciesThe Bloomberg Dollar Spot Index declined 0.3%.The euro rose 0.3% to $1.2056.The British pound jumped 0.4% to $1.389.The onshore yuan weakened 0.1% to 6.495 per dollar.The Japanese yen was little changed at 107.92 per dollar.BondsThe yield on 10-year Treasuries jumped two basis points to 1.56%.The yield on two-year Treasuries increased less than one basis point to 0.15%.Germany’s 10-year yield fell one basis point to -0.26%.Japan’s 10-year yield decreased less than one basis point to 0.071%.Britain’s 10-year yield dipped less than one basis point to 0.737%.CommoditiesWest Texas Intermediate crude gained 0.6% to $61.82 a barrel.Brent crude rose 0.4% to $65.69 a barrel.Gold was little changed at $1,783.08 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Auction date2021-04-23Loan1053Coupon3.50 %ISIN-codeSE0002829192Maturity2039-03-30Tendered volume, SEK mln750 +/- 400Volume offered, SEK mln2,520Volume bought, SEK mln750Number of bids9Number of accepted bids4Average yield0.668Lowest accepted yield0.664Highest yield0.670% accepted at lowest yield 16.00 Auction date2021-04-23Loan1063Coupon0.50 %ISIN-codeSE0015193313Maturity2045-11-24Tendered volume, SEK mln500 +/- 250Volume offered, SEK mln1,910Volume bought, SEK mln500Number of bids10Number of accepted bids4Average yield0.811Lowest accepted yield0.809Highest yield0.815% accepted at lowest yield 56.00
A group of chocolatiers in Spain's Basque Country are creating a version of "Guernica", Pablo Picasso's masterpiece representing the bombing of a small Basque town in 1937, to showcase their skills and celebrate their cultural heritage. Guernica, one of the world's most famous paintings, was Picasso's response to the bombardment, carried out by war planes from Nazi Germany and fascist Italy to assist the forces of fascist general Francisco Franco during the Spanish Civil War.
Russia on Friday began withdrawing troops that had been running drills near the borders of Ukraine, the defence ministry said, following weeks of heightened tensions between Moscow and the West over the buildup.
(Bloomberg) -- In one of the world’s best-run pension markets, the biggest commercial manager says it’s time to dump bonds.“The switch out of fixed income into broader equities, whether it’s listed or unlisted, is what we recommend and what we are positioned for,” Kasper Lorenzen, chief investment officer at Copenhagen-based PFA, said in an interview.Back when most asset managers were being taught the trade, “we learned that government bonds are the safe assets, the risk-free asset,” he said. “Well, let’s see in a year or two what is really the risk-free asset. That transformation is definitely going on.”The $120 billion pensions manager points to the flood of issuance to finance pandemic relief packages as a key reason why bonds are losing their allure. Mass issuance has also upended the in-tandem moves in stocks and bonds that had dominated markets after the last financial crisis. What’s more, it’s now clear that central banks are content to let the long end of the yield curve move considerably higher.“I’m just surprised how quickly things have changed,” Lorenzen said. “I would have thought that inflation-rate expectations and also interest rates would have been a little bit more anchored.”PFA, like many others, lost money on its bond portfolio last quarter. Its fixed-income investments generated a negative return of 1.9%, while listed equities delivered a positive return of 5.6%. Alternative assets added 1.6%.“In hindsight, we should have had even more exposure” to stocks, Lorenzen said. “At PFA we have a preference for stability and quality in our equity portfolio when it comes to tilts. We adjusted that in the fourth quarter to be a bit more aggressive on equities, simply because if you believe that equity risk is going to be compensated, you can’t be too defensive in your style tilt.”Denmark boasts the world’s best-managed pensions market, together with the Netherlands, according to the Mercer CFA Institute Global Pension Index. Funds in the Nordic country were among the first in the world to respond to ultra-low interest rates by delving into alternative assets that included infrastructure and other hard-to-price, rarely traded markets.Now, Lorenzen says pension funds need to brace for a world in which the supply of government bonds is going to be “huge.” What’s more, as investors increasingly shift into equities, risk premiums are likely to go “quite a bit lower,” he said.But stocks are the only place to be, Lorenzen acknowledged.“There is no real alternative,” he said.(Updates to add 1Q returns)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Ahead of the 93rd Oscars this weekend, Olivia Petter speaks to interior designers about the insight the last year has given us into celebrity homes
When he first heard, Carlo Ancelotti thought it a joke. The Everton manager couldn't believe that such a selfish scheme was actually real. Many Arsenal fans, in contrast, probably thought differently.
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Dublin, April 23, 2021 (GLOBE NEWSWIRE) -- The "Annual Strategy Dossier - 2021 - Global Top 5 Business Jet Manufacturers - Gulfstream, Bombardier, Dassault, Textron, Embraer" report has been added to ResearchAndMarkets.com's offering. The 2021 annual edition of the Strategy Dossier report analyses the overall Strategy Focus and provides Key Insights into the Strategies & Plans being conceptualized & pursued by the Global Top 5 Business Jet Manufacturers for the near to medium term horizon. The Global Business Jet market has been on the recovery path while facing tremendous headwinds in a complex, difficult & highly challenging market environment with the global economy reeling under the pressure of COVID-19 pandemic. The global business jet market has been faring much better than commercial aviation, marking a major departure from the usual trend owing to social distancing mandates, and has witnessed a strong uptick in fleet utilization levels by late 2020 and is projected to make a recovery to pre-COVID levels, in terms of fleet utilization, by mid-2021. The industry has shown tremendous resilience over the past decade with the OEMs focusing on portfolio refresh led by new product introductions, reinforcement of presence across key markets & regions and services portfolio expansion amid a difficult demand environment through the decade. The market demand for business jets remains skewed towards heavy jets where the three way battle for market shares continues to be fought fiercely amongst the triad of OEMs, led by Gulfstream, Bombardier and Dassault Aviation with Gulfstream maintaining its pole position with a strong product portfolio & superior market positioning while leveraging the first mover advantage in the heavy jets segment to full effect. Further, a restructured Bombardier following its exit from commercial aviation & pivoted solely now around business aviation is likely to be much more focused & competitive with its flagship Global 7500 program. The long term fundamentals for the industry remain strong & well in place with regulatory mandates & sustainability focus likely to drive new aircraft sales apart from modernization & upgrade of existing aircrafts translating into an overall fillip for the industry over medium term. Additionally, the market dynamics for business jets are likely to witness a major disruption & transformation with the advent of supersonic business jets which are likely to become a reality towards the middle to late 2020s with a number of industry OEMs working actively on their development. Business aviation is also likely to face a stiff challenge from civil rotorcrafts, starting with the AW609, which is likely to enter service over near term, apart from the unfolding & unleashing of innovative & disruptive business models by Urban Aerial Mobility over medium term while simultaneously tackling sustainability challenges going forward. Against this rapidly evolving industry and market backdrop, the report provides a comprehensive analysis on the Global Top 6 Business Jet manufacturers starting with a detailed business and financial snapshot, incorporating charts, tables and analysis based on latest financial statements. An insightful & comprehensive SWOT framework analysis is also provided. The report also incorporates analysis & review of key market, technology & industry trends along with issues & challenges which are likely to impact and shape industry's future over near to medium term. The report also identifies key driving & restraining forces for the industry & assesses their potential degree of impact through a force field analysis. The report concludes by providing a comprehensive market outlook on the Global Business Jet market with overview of demand projections across aircraft segments & key geographic markets & regions over medium term. Key Topics Covered: Section 1 Business Structure & Snapshot - For the Global Top 5 Business Jet Manufacturers a) Foundedb) Headquarteredc) Business Segmentsd) Employeese) Product Portfolio f) Market Capitalizationg) Key Executivesh) Shareholding Pattern & Structure Section 2 Financial Performance Snapshot -Charts & Analysis for each Company: 1. Revenue Base & Growth Trend2. Revenues Split by Key Segments3. Revenues Split by Key Geographic Markets & Regions4. Gross Earnings & Margin Trend5. Operating Earnings & Operating Margin Trend6. Return on Sales Trend7. Profitability Growth Trend8. Cash Flow from Operations9. R&D Expenditure Trend10. CAPEX Trend Section 3 Strategic Positioning & SWOT Analysis - For Each of the Top 5 OEMs Strengths to be LeveragedWeaknesses to OvercomeOpportunities for GrowthThreats to be Mitigated Section 4 Strategy Focus - For Each of the Top 5 Business Jet Manufacturer Gulfstream Aerospace CorporationBombardier Inc.Dassault AviationTextron AviationEmbraer SA Section 5 Key Strategies & Plans - For the Top 5 Business Jet OEMs - Comprehensive Analysis of Key Strategies & Plans for each OEM Product & Services Portfolio Strategies & PlansMarket Specific Strategies & PlansR&D Strategies & PlansGrowth Strategies & PlansBusiness & Corporate Strategies & PlansSales & Marketing Strategies & PlansProduction/Manufacturing Strategies & PlansFinancial Strategies & PlansAcquisitions, Strategic Alliances & JVsOther Strategies & Strategic Initiatives Section 6 Global Business Jet Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics Driving ForcesRestraining Forces Section 7 Key Trends Industry TrendsMarket TrendsTechnology Trends Section 8 Key Issues, Challenges & Risk Factors Section 9 Market Outlook for Business Jets - 2021-2030 Analysis of Emerging Market Scenario for Business JetsGlobal Demand Outlook - Business Aircrafts - Forecast - 2021-2030Demand Growth Projections for Business Jets through 2030 -Light JetsMedium JetsHeavy JetsDemand Growth Forecasts for Key Geographic Markets & Regions - 2021-2030 Companies Mentioned Bombardier Inc.Dassault Aviation SAEmbraer SAGulfstream Aerospace CorporationTextron Aviation Inc. For more information about this report visit https://www.researchandmarkets.com/r/1c4bsg CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Tesla’s Autopilot feature can be tricked into operating without a driver, a US consumer magazine has found. Engineers from Consumer Reports investigated claims Tesla cars can function without a driver present. The publication found that the Model Y automatically steered along painted lane lines without recognising that nobody was at the controls and concluded the system could be "easily tricked".
Nancy Mitford is not the frothy romance novelist that many think, but an accomplished writer who understood how dark life can be
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The euro zone's recovery from the pandemic-induced economic downturn was much stronger than expected in April as the bloc's dominant service industry shrugged off renewed lockdowns and made a surprise return to growth, a survey showed. With the continent facing a fresh wave of coronavirus infections governments have reimposed strict lockdown measures to contain the spread, forcing some businesses to close and encouraging citizens to stay home. But IHS Markit's flash Composite Purchasing Managers' Index, seen as a good guide to economic health, rose to a nine month high of 53.7 from March's 53.2, confounding expectations in a Reuters poll for a dip to 52.8.
Investcorp-Tages provided seed capital for the first distressed and event-driven credit hedge fund investing with environmental, social, and governance goalsLONDON, April 23, 2021 (GLOBE NEWSWIRE) -- Investcorp-Tages, a global multi-manager investment firm that was created as a joint venture between Investcorp and Tages, has announced that it backed the launch of DSC Meridian’s Climate Action Fund (CAF). It’s the first distressed and event-driven credit hedge fund investing with environmental, social, and governance goals and builds on the success of DSC Meridian’s flagship Credit Opportunities Fund, notably by adding an ESG overlay with a focus on decarbonisation. DSC Meridian is a specialist corporate credit investment manager with a focus on distressed and event-driven credit securities. The firm is one of the first U.S. based distressed and event-driven credit managers to analyse and incorporate material ESG risk factors. Through corporate engagement, DSC Meridian seeks to improve overall risk management, unlock idiosyncratic ESG value, and align portfolio companies with the science-based climate standards set by the Paris Climate Agreement and UNPRI. To lead this effort, DSC Meridian has appointed Paula Luff, an experienced sustainable finance, corporate engagement, and ESG professional, as Director of ESG Research and Engagement. Luff is a veteran leader in developing and integrating sustainability programs at multi-national corporations in the pharmaceutical and energy industries. She joins DSC Meridian from Inherent Group, where she directed the development of an ESG platform for the investment manager and led numerous corporate engagements. Salvatore Cordaro, Co-CEO of Investcorp-Tages, said: “We are excited to partner with DSC Meridian and its mission to direct capital toward a more sustainable future. DSC Meridian’s size and deep credit expertise provide it with an advantage in flexibility and access, both of which are key to driving not only its ESG focused mission but its mandate to investors as a responsible steward of capital. “At Investcorp-Tages we pride ourselves on our commitment to ESG and impact investing and we are convinced that our seeding practice is a powerful tool in this regard. With firmwide ESG integration and the most recent launch of the CAF, DSC Meridian is a prime example of this. Through the allocation of seed capital we are able to support a uniquely qualified and highly driven team in bringing an ESG focus to an area where it has long been needed.” Sheru Chowdhry, Founder and Chief Investment Officer of DSC Meridian, said: “We believe this is the right time to engage with high yield companies on ESG and sustainability issues and we are delighted that a high caliber organization such as Investcorp-Tages shares this belief.” About Investcorp-Tages Investcorp-Tages is a global multi-manager investment firm that was launched in May 2020 through a 50/50 joint venture between Investcorp and Tages Group. With offices based in London, New York and Milan, Investcorp-Tages manages alternative assets for institutional investors worldwide, including pension funds, sovereign wealth funds, foundations, endowments, family offices, insurance companies and other financial institutions. Investcorp-Tages focuses on providing bespoke solutions by delivering differentiated sources of returns across alternative assets for its clients. For further information, please visit: www.InvestcorpTages.com About DSC Meridian DSC Meridian Capital LP is an opportunistic, event-driven credit investment firm founded in 2018 by Sheru Chowdhry, the former Head of Credit Research & Co-Portfolio Manager of the Paulson Credit Fund (2004-2017). Chowdhry oversaw a multi-billion dollar credit portfolio through multiple credit cycles and led the creditor committees of some of the largest bankruptcies following the global financial crisis. The firm integrates material ESG factors and pursues active corporate engagement to help shape positive ESG-related outcomes. For further information, please visit: www.dscmeridiancapital.com Contacts: Investcorp-Tages:Saul Benjamin, Chief Operating Officersaul.benjamin@InvestcorpTages.com Citigate Dewe Rogerson:Christen Thomson, Senior Directorchristen.firstname.lastname@example.org
The "Transport & Logistics Sector to Fuel Thailand's Connected Trucks Telematics Market" report has been added to ResearchAndMarkets.com's offering.