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Richard Caring set to sell the Ivy in landmark £1bn deal

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Richard Caring is on the verge of selling The Ivy in a deal worth around £1 billion, marking the first change of ownership for the iconic London establishment in nearly two decades.

The billionaire entrepreneur, known as “the King of Mayfair”, is reportedly ready to divest almost all his holdings in The Ivy Collection, which encompasses Ivy cafes, brasseries, and grills across the UK. The sale is expected to include the flagship Ivy restaurant in Covent Garden, a historic venue favoured by actors, celebrities, and notable figures like Diana, Princess of Wales, Margaret Thatcher, and Laurence Olivier.

According to reports by Sky News, the buyer is set to be Si Advisers, a London-based firm led by Hamza Ben Abderahmen, a former TPG associate, and Ameel Somani, a previous investor at Helios Investment Partners. The transaction is expected to conclude within weeks, valuing The Ivy at approximately £1 billion.

However, the deal will not encompass Mr Caring’s other renowned establishments, such as Sexy Fish in Mayfair, the seafood eatery J Sheekey near Leicester Square, or the exclusive private members’ club Annabel’s.

Investor documents suggest that Richard Caring may remain involved with The Ivy post-sale, retaining a minority stake and potentially contributing to the business’s future operations. Despite this, Mr Caring has not commented on the reports, and The Ivy has also declined to respond.

This potential sale comes shortly after news emerged of Mr Caring’s plans to expand The Ivy brand into the United States, following the footsteps of other British icons like Fortnum & Mason in exploring the American market.

Having acquired The Ivy in 2005, Caring transformed the single restaurant, founded in 1917, into a prominent chain from 2014 onwards. The Ivy now boasts over 40 locations across the UK and Ireland, with revenues reaching £316 million in 2023. Investor documents indicate the possibility of expanding to an additional 25 locations in the UK over the coming years.

A representative for Mr Caring previously stated: “We are opening new sites in the UK and Northern Ireland and are looking at sites in America for The Ivy in 2025.”





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Scaramucci warns unrealised gains tax would devastate US capital markets

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Anthony Scaramucci, former White House communications director and founder of SkyBridge Capital, has warned that a proposed capital tax on unrealised gains could severely damage US capital markets.

In an exclusive interview with Saxo for their US Election Hub, Scaramucci expressed scepticism over the feasibility of the tax, introduced by Kamala Harris, suggesting it would struggle to gain support even within the Democratic Party.

“Listen, that’s never going to happen,” Scaramucci said. “They don’t have enough Democratic votes to pass that. No Republican I know would vote for that. There’s many Democrats that would never vote for that.” He added that if such a tax were introduced, it would have a catastrophic impact on trading behaviour, deterring investment and destabilising the capital market in the United States.

Discussing the current economic landscape, Scaramucci predicted that the Federal Reserve would implement three 0.25% interest rate cuts by the end of the year, barring any catastrophic events. He believes these cuts are necessary to maintain market stability and prevent the US dollar from losing ground in a competitive global landscape.

Scaramucci also commented on the S&P 500’s heavy reliance on the so-called ‘Magnificent 7’—the top tech giants that dominate the index. He suggested that breaking up these companies from an anti-trust perspective could lead to more innovation, drawing parallels to the breakup of the AT&T Bell System in 1984, which he credits with unleashing technological advancements like the internet and social media.

Despite the turbulence in the cryptocurrency market, exacerbated by the collapse of FTX, Scaramucci remains bullish on digital assets. He acknowledged the damage to institutional trust but noted that firms like BlackRock still hold significant investments in Bitcoin, reflecting enduring confidence in the long-term potential of crypto. “I think it’s damaged, but I also think that we have short-term memories,” he said, pointing to the substantial holdings in Bitcoin by ETFs as evidence of crypto’s resilience.

On the broader political landscape, Scaramucci stated that Fortune 500 CEOs generally support Kamala Harris over Donald Trump, a sentiment he attributed to a preference for more predictable and stable governance. He criticised Trump’s leadership, stating, “I was once for Trump, I got to see up close and personal what he’s like. My conclusion was that he can’t be President again.”





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 Otunba Yemi Lawal Champions OBJ’s Legacy! – Independent Newspaper Nigeria

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 In a bold move to uphold the legacy of former President Olusegun Obasanjo and fuel the passion for sports in Nigeria, Otunba Yemi Lawal, the Osi Bobagunwa of EgbeLand and Chairman of Seagle Property Development Company, has stepped up to the plate once again! 

Otunba Lawal is making waves by sponsoring the 6th Edition of the Chief Olusegun Obasanjo National Squash Championship, a vibrant event designed to spotlight young talent in the world of squash. This annual showdown features thrilling competitions across senior and U16 categories for both men and women, all while paying homage to OBJ’s enduring influence on the nation. 

At the Olusegun Obasanjo Squash Court in Abeokuta, Lawal passionately called for increased support for squash as Nigeria gears up for the next Olympics. “It’s crucial that we catch the young ones and nurture them in the limelight of squash games ahead of the 2028 Olympics,” he declared. His vision is clear: empower the next generation of sports stars while ensuring Nigeria shines on the international stage. 

But that’s not all! Lawal also urged the government to leverage squash as a key player in preparing for upcoming international tournaments. With his unwavering commitment to grassroots sports development, Otunba Yemi Lawal is not just a sponsor—he’s a champion for change, determined to elevate Nigerian squash to new heights! 

As excitement builds colourful event for this year’s championship, one thing is certain: with leaders like Lawal at the helm, OBJ’s legacy will continue to inspire and uplift future generations of athletes. 



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What to know about Mr Loverman: cast, release date, plot

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There’s plenty of great TV to look forward to this autumn, but at the top of the list has to be Mr Loverman.

The BBC show, which was announced some years back, is finally set to air at the end of 2024 and we couldn’t be more excited. Based on the best-selling 2013 novel by Bernardine Evaristo (her seventh, in fact), it boasts a great cast, a great setting (London’s Hackney) and a fascinating plot.



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Saturday 7-Up

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Saturday 7-Up





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This week 534,252 visitors visited 609,033 times viewing 754,193 pages. The most read and shared stories in order of popularity were:

You’re either in front of Guido, or you are behind…



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'Why proactively protecting the environment is in Labour’s DNA' – LabourList

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Tackling climate change is at the core of this Labour government’s plan for the country. The new administration is clearly comfortable advocating for ambitious climate policies, announcing the Clean Energy Mission and Great British Energy almost immediately after winning the election.

Most Labour MPs, staffers and activists also intuitively understand that addressing climate change goes hand-in-hand with creating jobs, reviving industrial heartlands and working in collaboration with trade unions. These are bread-and-butter issues for a party that is rooted in the labour movement and the interests of working people.

By contrast, nature policy may seem more distant from the core values which drive the party. This need not be the case. The environmental crisis of nature’s decline is inextricably linked to the climate crisis of a warming planet. Labour should be just as confident in owning and taking action on environmental policy as they are on climate.

The party shouldn’t forget its history of championing the natural world

Labour’s leadership recognises the importance of environmental policy. Labour’s manifesto committed to meeting vital nature restoration targets, and environment secretary Steve Reed is a vocal advocate for nature. But beyond this growing confidence in government, some members of the wider party can struggle to see the relevance of the natural environment to its core values.

Labour can be assured that those who default to considering the environment as more of a ‘rural concern’, with less relevance for voters in Labour strongholds in metropolitan cities and regional towns, are misguided. In reality, Labour has a long and proud history of protecting and restoring nature.

The Attlee government created national parks in response to campaigns by working people; Harold Wilson’s first government introduced a swathe of new country parks; and at the start of this century Labour governments in Westminster and Holyrood improved rights for ordinary people to access the countryside.

Nature is a key area of policy for the new government

Any suggestion that nature is a peripheral concern for Labour also ignores the reality that it’s now politically vital for the party to develop a strong offer on environmental policy. There are two key reasons for this.

Firstly, after their landslide victory, Labour is a stronger political force in many rural seats. This means the party must develop a clear offer for rural voters ahead of the next election, including around how nature recovery policies will affect farmers and the agricultural sector.

READ MORE: ‘The five parts of Labour’s electoral coalition – and why they’re all fragile’

Secondly, restoring nature and improving access to green spaces benefits people in towns and cities as well as the countryside.

Nature policy can be designed in a way which drives progressive change around the country.

Restoring nature can drive wider progressive change

Policies to improve nature can protect people from food insecurity, tackle inequalities and deliver economic and social benefits to places all around the UK.

The biodiversity and climate crises negatively impact our ability to grow food. Degrading the natural environment therefore undermines the security of UK citizens.

Prices go up when food is in short supply and these price hikes disproportionately impact poorer people. Restoring nature now will strengthen the UK’s food security in the long run, shielding the public from these pressures.

READ MORE: Sign up to our must-read daily briefing email on all things Labour

Nature restoration can also reduce inequalities. Access to nature is unequal: people in the most deprived areas have worse access to green space, and ordinary people are unable to access most of the countryside. This is clearly unfair, since access to green space is associated with lower mortality rates, better mental wellbeing and stronger community cohesion.

Revitalising nature also has economic and social benefits. Investing in nature restoration projects creates jobs and boosts local economies all around the country.

Delivering a decade of ‘natural’ renewal

By restoring nature in a way which benefits ordinary people, Labour can connect environmental policy to its promise of a decade of national renewal. IPPR’s new report out today outlines a blueprint for ensuring that ‘natural’ renewal is a core aim for the new government.

By reforming the planning system and introducing a new right to responsibly access the English countryside, Labour can improve access to nature for people who are deprived of it.

Through new targets and sanctions on polluters, the party can ensure that those who are responsible for pollution, or have the power to restore nature, take action.

And by incentivising public and community ownership of land, Labour can ensure that the public are given a stake in nature’s recovery.

Labour has a proud history of protecting and restoring nature. Now they are back in power, the party must once again make the case that restoring the natural environment is an inherently progressive cause.


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People Are Just Realising How Much Clouds Weigh, And Now I’m Questioning Everything

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Last night, I watched Pixar movie Elemental with my partner ― and in my opinion, the best part about it was the animation.

Water flubbed and bubbled its way across the city, sparkling in the sun. Most adorably, though, plump, poodle-fluffy clouds wisped onto the screen, looking as light as candyfloss.

It’s an image many of us have; like fog, we think, clouds must be wet but weightless until they reach a pretty substantial size.

But Matteo Lane, one-half of the podcasters behind I Never Liked You, recently shared a TikTok debunking co-host Nick Smith’s belief that “clouds don’t weigh anything. They’re air” ― and it’s made a lot of app users question their science classes.

What are clouds?

“They’re not air, they’re water,” Matteo corrected his friend (to be fair, most of us who can remember the water cycle will know that one).

Per The Met Office, clouds show up when there’s too much water vapour for the air to hold. The water vapour condenses to form minute droplets in this case; this is what makes clouds visible.

They stay in the air because they’re too tiny to fall. But how much does all that weigh?

“Clouds weigh something? Also, how do they ― who’s weighing a cloud?” Nick asked.

Well, they surely do ― though Matteo’s guess of “a thousand pounds” (453 kg) was way off.

“A single cloud weighs a million pounds” (453,592-ish kg), the podcast’s producer said.

The University of Reading says that a 1km summer cumulus cloud can weigh 250 tonnes, or two blue whales; a thunderstorm can pack two million tonnes as they’re more dense.

“If we add together the weight of the water and the air in a cumulus cloud, then, it weighs a total of 1,000,250 tonnes,” they add.

Commenters had, er, thoughts

“I learn so much from Matteo Lane,” one commenter wrote under the video.

“I had no idea,” another wrote.

“Someone wasn’t paying attention to the water cycle unit in school,” yet another TikToker joked (okay, but I’m willing to bet most of us never knew clouds were THAT heavy).





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So THAT’s Why Mould Always Comes Back No Matter What You Do

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To live (and especially to rent) in the UK is to know way too much about black mould.

Citizen’s Advice UK says that “more than half” of UK renters are living with mould; government stats from 2021 say private rentals are just under six times more likely than owner-occupied houses (11% vs 2%) to suffer from the spores.

Anyone who’s ever gone to a landlord about the issue will have heard the same advice; “just clean it,” “open your windows” (even in the middle of winter), and “don’t leave clothes on the radiator” (even if there’s no tumble drier, and hanging clothes outside is banned) are all common refrains.

But if taking those measures isn’t working for you, there might be something bigger at play.

Why does mould always come back?

Just because mould isn’t visible doesn’t mean it’s not there; in fact, by the time the hyphae that cause mould have formed spores, they’ve already started to spread.

That’s why your home, which has had low humidity over the summer, can still grow mould in the winter.

“Even when water-damaged buildings and home contents dry out, the probability of those spores already having been dispersed within the home is really high,” Australian Broadcasting Company (ABC) said after speaking to mycologist Dr Cameron Jones.

In fact, one preventative measure many take to prevent the reappearance of mould ― turning the heating on ― can actually make it appear.

“When we turn our heaters on, any cold surfaces in the home — especially walls with rising damp issues — form condensation because there’s warm air indoors and cold air outside,” Dr. Jones told ABC.

Soft and uneven surfaces may hold onto hyphae for longer. For instance, a wooden bookshelf made up of multiple layers of wood might have spores between each layer that feed on the glue between sheets.

Cleaning items like those bookshelves simply will not get rid of the mould. Cleaning mould with standard products like bleach can’t help either ― mould inspection and testing company Markham Services says bleach “can never completely remove the mould because it only works to transform the hue to a white or clear tint.”

“Instead of solving the problem, you’ll have created an environment that encourages mould growth,” they add.

What can I do to banish it?

The spores won’t appear if your humidity is lower than 60%, so for minor mould, keeping high-moisture areas ― like laundry rooms, kitchens, and bathrooms ― aired out really can help.

It can also be helpful to leave a gap between furniture and walls, cover your pots while cooking, use an extractor fan, ensure you don’t leave wet items in your home for long, and wipe condensation from your windows daily.

For serious mould, though, the issue is likely due to structural issues like rising damp and leaking pipes, safe housing organisation Safeguard Europe says.

Black mould in particular “is often a sign of a serious problem in your home that needs to be thoroughly investigated.”

As Markham Services says, you would be amazed at how little the spores need to survive, even when dormant ― imperceptible deposits of human and pet cells, dust, dirt, and food are more than enough to keep them going.

If you’re living in a rental property, housing charity Shelter has a letter template you can send to your landlord to alert them of mould issues. They point out that you can contact your council for an environmental health inspection if you like.

If mould has made your home unfit to live in, your landlord is obliged to fix it; “They should not ban you from drying clothes indoors if your homes has no outside space,” Shelter adds.





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Wales reporter notebook: Craig Bellamy era begins with a draw against Turkey but the signs are good


Almost perfect for Craig Bellamy as manager of Wales for the very first time – the only thing that could have made his evening even better would’ve been a goal and a win, writes Geraint Hughes.

So why was it a good evening for Craig Bellamy? His new-look side wasn’t that different in terms of personnel from when Rob Page was in charge. There was however a very evident difference in style.

Bellamy had been at pains prior to the game to point out that his side would have intensity and for the vast majority of the game Wales displayed that in abundance.

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Geraint Hughes looks back at Craig Bellamy’s opening game in charge of Wales that ended goalless against Turkey.

The high press that Bellamy had promised really became clear to the 30,000-strong crowd inside the Cardiff City stadium when Brennan Johnson early in the first half chased 40 yards to disrupt the Turkish defence, caused chaos and Wales picked up possession. That was the moment that it became so obvious that every player in a Wales shirt was expected to run hard and fast without the ball. Bellamy’s ethos that you’re not much good without the ball unless you go and get it being very much at the forefront.

Connor Roberts of Wales and Kenan Yildiz of Turkey battle for a header during their Nations League clash in Cardiff (Photo by Athena Pictures/Getty Images)
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Connor Roberts of Wales and Kenan Yildiz of Turkey battle for a header during their Nations League clash in Cardiff

On top of that intensity and the energy from the team, with possession and territory Wales were dominant, and the stats clearly showed that. Bellamy told me after the game that he expected this to be the worst performance by his side. What he meant was that this was by no means a bad performance. He was genuinely thrilled with the performance of his players after only being able to work with them for a week, but this is just the start. He wants more and he will demand more of his players against differing opposition that they are now going to come up against in the coming weeks and months.

Another evident element of the performance was how prepared Wales were to take risks. Bellamy made clear publicly that he is happy for the team to take risks especially when playing out from the back with the keeper and the back four as it was against Turkey. Risk brings reward.

Wales reporter notebook with Craig Bellamy

Bellamy believes for Wales going forward with the ultimate aim of qualifying for the World Cup and competing at the World Cup in 2026, he has to have a team that is prepared to take risks and, therefore, by doing that will be greatly rewarded.

There will doubtless be some disappointment that Wales couldn’t convert one of their many chances into a goal and a deserved victory. However on this occasion, it is not the ‘be all and end all’. That is rare and going forward results and goals will matter more, but Friday night was about Bellamy’s personality, passion and tactics being displayed for the very first time with his Welsh players.

That was achieved and judging by the reaction of the crowd at full time despite the heavy rain that had descended upon Cardiff, they were happy at what they had seen.



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Honest John

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‘allo John got a new …..loada shite to serve to the dumb-fucks ?

@ Gravelli P – ” Such men do not lead nations to independence.

Guess that’s why he was appointed. ” . Exactly why he was appointed .

Just as Sturgeon’s tenure was a 9 year ” holding operation ” , ie holding the Independence Movement / movement towards Independence on a leash while more obstacles were put in place & Yousaf’s was a ” how can we fuck-up Scotland ( even more ) operation ” ; the Undertaker is there to make the funeral arrangements of the SNP as the main vehicle to Independence it – formerly – was .

The High Priests/Priestesses of * Trans Cult * will administer the Last Rites .

Anyone still think all this is ” accidental ” ?



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