Desperate for buyers, London's luxury residences ramp up amenities
Turns out there is. It's a called a branded residence, and it offers all the hotel-style amenities of the brands it's named after, plus the comfort of home, at least to those with the cash to splash on a five-star apartment.
So what are the demands of high-net-worth set now? 'The most outrageous luxury of today isn't marble-clad spas or sky-high pools, but time, health and ease,' says Becky Fatemi, executive partner at UK Sotheby's International Realty.
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Daily Mail
7 minutes ago
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Donald Trump claims Jaguar Land Rover is in 'absolute turmoil' after 'totally disastrous woke' rebrand
Donald Trump has claimed Jaguar Land Rover is in 'absolute turmoil' after the company's 'totally disastrous woke ' rebrand. The US President labelled the British car maker's recent advert, which featured brightly dressed models, as a 'total disaster' and 'stupid'. Trump was scathing of Jaguar as he compared the firm's fortunes to those of clothing brand American Eagle in a rant on his social media platform Truth Social. ' Sydney Sweeney, a registered Republican, has the "HOTTEST" ad out there. It's for American Eagle, and the jeans are "flying off the shelves",' he wrote. 'Go get 'em Sydney! On the other side of the ledger, Jaguar did a stupid, and seriously WOKE advertisement, THAT IS A TOTAL DISASTER! The CEO just resigned, and the company is in absolute turmoil. 'Who wants to buy a Jaguar after looking at that disgraceful ad. Shouldn't they have learned a lesson from Bud Lite, which went Woke.' Trump ended the post by saying that 'being woke is losers'. It was announced last week that Jaguar Land Rover CEO Adrian Mardell is to retire at the end of this year. Mardell, 64, has been at the company for more than three decades including the last two years as chief executive during one of the most transformative periods in the firm's recent history. Arguably his biggest involvement has been his role in Jaguar's controversial 'woke' rebrand and shift to an electric-only premium car brand from 2026. Last month JLR said it was axing 500 management roles, which are going as part of a voluntary redundancy programme for managers in the UK. A spokesman said: 'As part of normal business practice, we regularly offer eligible employees the opportunity to leave JLR through limited voluntary redundancy programmes.' Sales of the luxury car manufacturer appear to have nose-dived following its controversial move to scrap its iconic 'growler' big cat logo in November. The firm's rebrand saw it replace the well-known badge in favour of a geometric 'J' design - which lovers of the brand raged looked like the logo on a handbag clasp. And as the firestorm surrounding the famed car maker's change continues to engulf it, sales at Jaguar Europe have plunged a staggering 97.5 per cent. But the British car marque has insisted the reason for the freefall in sales is not because of a lack of support or an image overhaul - but because it has stopped making older models as it focuses on its relaunch with an all-electric offering. Defending the news, the firm said it was 'pointless' to compare figures for 2024 and 2025, as 'Jaguar is not currently on sale in the UK' while it goes through its 'sunset period' of radical change. A spokeswoman for Jaguar Land Rover (JLR) said: 'Jaguar's transformation towards a new portfolio of pure-electric vehicles was announced as part of the Reimagine strategy in 2021. JLR always envisaged a period when the current range would "no longer be on sale" before the introduction of the new Jaguar collection. 'Production of XE, XF, F-TYPE, I-PACE and E-PACE all came to an end in 2024 as part of that transition. This strategic "sunset" of the product range is going to plan and will allow Jaguar to transform and reposition the brand for the future. 'Comparing Jaguar sales to 2024 is pointless as we are no longer producing vehicles in 2025 with low levels of retail inventory available. Jaguar's rebranding is not related to a sales decline.' Jaguar has not announced an official date for when its new fleet of high-end electric motors will hit the forecourt. It stopped sales of current Jaguars on November 11 as it prepared for its next generation of luxury vehicles to arrive. Defending the campaign late last year, JLR's Managing Director Rawdon Glover told the Financial Times: 'If we play in the same way that everybody else does, we'll just get drowned out.'
BBC News
7 minutes ago
- BBC News
'Totally torn apart' - how Morecambe decline threatens a whole community
In its post-war heyday, the town of Morecambe was one of the UK's foremost seaside holiday destinations, with a thriving local economy and prestigious the decline of the domestic tourism industry which underpinned Morecambe's boon, its 105-year-old football club has filled the gap - providing jobs, powering local businesses, and offering a sense of community, identity, and now, Morecambe FC faces the imminent prospect of shutting down due to a deepening financial crisis, with owner Jason Whittingham's failure to sell the club leading to suspension from the National proud local people, the impact is enormous."It's absolutely horrible", says Alison Williamson, a Morecambe resident who began supporting the club in 1974. "The football club gives so much to the town. It's just so sad that Whittingham is down in Essex and allowed to take it all away from us."It's kind of a grieving process. It's like losing a member of your family that has always been there. Even if you don't see them all the time, when they're not there anymore, you suffer and you feel the loss."The club's players were sent home a week ago and are unable to train because of a lack of insurance cover. The academy has now also stopped functioning,For some, the slow, painful deterioration of their football club threatens the cohesion of the community and mimics the previous era's erosion of the local economy. "Morecambe used to be fantastic in its heyday," says Les Dewhirst, the club's kit man for the past 30 years. "It had everything from small zoos to fairgrounds to theatres and piers. We've not got much of that now, but it's still a cracking place and football is such a big part of it."I met my wife at the football. We were second-timers and our kids have grown up coming to this ground together. Strangers stop me in the street and say 'hiya Les' and it feels good."I don't know all the names of the people who come here, but I know all the faces. We all come here for the same reason - because we care."That level of care means supporters, led by fans group The Shrimps' Trust, have been protesting against Whittingham's ownership of the club and demanding he sell up for deals have been agreed in the past but nothing has come to fruition and fans face the prospect of having no club to support in the upcoming season."This place is half of my life", says Kate Barker, a fan and former chief steward for 20 years who was subsequently made honorary life vice-president. "All my good friends are here. It's a cliche, but we are a family and we look after each other."We always look forward to seeing each other on a Tuesday and a Saturday, and going to see a match. We might win, lose, or draw - the result doesn't really matter. We've never let football get in the way of a good day out." "We'll still gather together and talk about the old times, what we've done and where we've been. But we should still be able to do it here, every week," adds Barker."Inside I'm being absolutely torn apart."Where once on the town's seafront there were multiple fairgrounds, theatres, piers and miniature zoos, there are now a smattering of bars and restaurants, many of which are funded by matchday income and travelling away club's peril means local businesses are now at risk."The winter months are the hardest here, because it's the seaside," says Chris Donaldson, owner the The Royal Hotel on the seafront. "The football season sees us through that."I've got 19 bedrooms here and away fans are coming from all over fully booking them weeks in advance. The whole town can be full."It'll cost us tens of thousands, easily. It's crazy what it'll do to the town to lose that kind of money. Everyone will feel the effect of it."For staff at the fans' matchday pub, the difference in demeanour is already stark."We get around 400, 500 people on a matchday," says Michael Woolworth, manager of the Hurley Flyer opposite the stadium. "It feels like everyone in Morecambe is in here."It's a ritual every weekend. In here we see that football really brings people together. "But in the last few months we've seen the happiness taken away from them. We have regulars who have come in visibly upset."Morecambe FC has been one of the area's biggest employers in recent times. But the club's financial issues mean that salaries paid to staff and players have been delayed or not paid at all in some months. Dewhirst was last paid in May."I'm eating into my savings now," he says. "Some people aren't lucky enough to have savings - some are going to food banks because they can't afford to buy their shopping."It's been hard watching players leave. There was another one gone yesterday. I've known lots of them for years."I feel broken. Numbness has set in." The club offers far more than football to local residents. Its facilities host a variety of events, fun days and fundraisers for the community and causes close to people's hearts."The club does major work in the community, including sessions here for the elderly people and sessions in care homes," says former co-chairman Rod Taylor, who has removed from the board earlier this summer in a video call hastily arranged by Whittingham."We've got a pre- and post-cancer group that meet regularly, we go into schools to deliver sessions. You can't put a price on that. A high percentage of the population of this town is touched by more than football in some way."That idea of connection across the community, and across generations, is something which typifies the essence of Morecambe's supporter base."Football is that release from normality," Taylor says. "It's a generational thing. My granddad took me to our old stadium Christie Park when I was about five or six years of age. It stays with you. It's ingrained. It's in your DNA."I feel Whittingham probably has to raise more money to settle some of his some of his personal debts. I think he's trying to squeeze more money."The BBC has repeatedly attempted to contact Whittingham, but received no response. Chair of The Shrimps' Trust, Pat Stoyles, has dedicated swathes of his spare time to trying to protect the club's status and long-term future in recent years."The lack of communication from Jason Whittingham has been the biggest problem," he says. "The turmoil has been going on for weeks and weeks on end."The start of the EFL season last weekend was difficult. Normally we'd be glued to that sort of thing, but seeing live football again shows to people what we're going to be missing."The social part of football is the biggest part. What goes on the pitch - that's fine. It's about the people you travel with, you drink with, you stand with, the community that you feel apart of. For a lot of people, losing that is going to have a big impact on their whole wellbeing, their mental health."Some people are already asking if, should the worst come to the worst, we can still go to places together."The National League will meet again on 20 August and, unless convinced Morecambe have the financial means to complete the season, will formally expel them from the fans, staff, and players wait anxiously to see if Whittingham will finally sell the club before it is too late.
Reuters
7 minutes ago
- Reuters
Naturgy to sell 5.5% of shares as part of plan to return to main indexes
MADRID, Aug 4 (Reuters) - Spanish power utility Naturgy ( opens new tab said on Monday it would sell about 5.5% of its shares through an accelerated bookbuild and a bilateral sale as part of its plan to increase its free float and return to the main stock market indexes. The accelerated bookbuild, which began on Monday, aims to sell 2% of the company's shares, while the bilateral sale to an unnamed international financial institution would account for 3.5% of the company's capital, Naturgy said in a statement. The operations would increase Naturgy's free float - or shares available to the public for trading - to 15%, which the company has previously said should be enough to achieve its goal of returning to the main indexes. Naturgy in February said it would buy back almost 2.5 billion euros of its own shares to then resell them in the market after receiving the backing of its four main shareholders.
