
Billionaire Thomson Family to Buy £25 Million Luxury London Apartment
The Thomson family member — whose exact identity is unclear — agreed to purchase the sprawling single-level flat in Mayfair earlier this year, people familiar with the matter said, asking not to be named as the information is private. A representative for the Thomson family didn't respond to a request for comment.
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Yahoo
27 minutes ago
- Yahoo
Reading Supporters' Trust 'disappointed' as club appoint gambling partners
Supporters Trust at Reading [STAR] have hit out at the club's decision to appoint an official betting sponsor for the new season. The relationship between gambling and football is something which has proved controversial in recent years, akin to the relationship between tobacco and alcoholic sponsors in other sports such as snooker and rugby. Premier League clubs have voted to withdraw gambling sponsorships on front of shirts as of next season, although there are currently no limitations for sleeve sponsors or advertising hoardings. Last week, Reading confirmed a new partnership with PricedUp, a UK-based online sports betting and gaming brand which will feature on training wear for the 2025/26 and 2026/27 seasons. The club state: "As part of the agreement, PricedUp will collaborate with the club to deliver exclusive offers and rewards designed to engage and benefit Royals supporters, while also working closely with Reading FC to promote and support responsible gambling practices." However, STAR have admitted that they are 'disappointed' with the decision. "We were as disappointed as I'm sure a lot of fans were, to see that we have a new betting sponsor," Chair Sarah Turner commented in her newsletter. " [It is]Not ideal, and I'm sure we'd rather a sponsor from other areas. "I think we have to be pragmatic and think that the club are working on improving things and the costs are huge. We have banged on about wanting to be sustainable - and that means using income from sponsorship. "It is, however, positive that the press release mentions that PricedUp will be working closely with Reading FC to promote and support responsible gambling practices and we look forward to seeing how this develops." Some supporters have also been less than impressed with the decision, although many have gone on to praise the club's pragmatism. Tim Kilpatrick, Head of Commercial at Reading, commented: 'We are naturally pleased to welcome PricedUp as our Official Betting Partner – in what is an important financial agreement for the club. To work with a UK company, who are forging their own story in their industry, aligns with our own growth ambitions and we're looking forward to supporting each other in reaching our goals.'
Yahoo
27 minutes ago
- Yahoo
Ofwat chief Black to step down ahead of watchdog's abolition
The chief executive of Ofwat is to step down within months as Britain's embattled water regulator prepares to be abolished by ministers. Sky News has learnt that David Black is preparing to leave Ofwat following discussions with its board, led by chairman Iain Coucher. The timing of Mr Black's exit was unclear on Tuesday afternoon, although sources said he was likely to go in the near future. An official announcement could come within days, according to industry sources. Insiders say the relationship between Mr Coucher and Mr Black has been under strain for some time. Water industry executives said that Steve Reed, the environment secretary, repeatedly referred to the regulator's leadership during a meeting last month. It was unclear on Tuesday who would replace Mr Black, or whether an interim chief executive would remain in place until Ofwat is formally scrapped. The complexity of the impending regulatory shake-up means that Ofwat might not be formally abolished until at least 2027. Mr Black took over as Ofwat's permanent boss in April 2022, having held the position on an interim basis for the previous 12 months. He has worked for the water regulator in various roles since 2012. If confirmed, Mr Black's departure will come with Britain's privatised water industry and its regulator mired in crisis. Water companies are under increasing pressure from Mr Reed, the environment secretary, over their award of executive bonuses even as the number of serious pollution incidents has soared. The UK's biggest water utility, Thames Water, meanwhile, is on the brink of being temporarily nationalised through a special administration regime as it tries to secure a private sector bailout led by its creditors. In a review published last month, the former Bank of England deputy governor Sir Jon Cunliffe recommended that Ofwat be scrapped. He urged the government to replace it with a new body which would also incorporate the Drinking Water Inspectorate and absorb the water-related functions of the Environment Agency and Natural England. Speaking on the day that Sir Jon's recommendations were made public, Mr Reed said: "This Labour government will abolish Ofwat. "Ofwat will remain in place during the transition to the new regulator, and I will ensure they provide the right leadership to oversee the current price review and investment plan during that time." A white paper on reforming the water industry is expected to be published in November with the aim of delivering a reset of the industry's performance and supervision, according to industry sources. A handful of water companies have challenged Ofwat's price determinations, which in aggregate outlined £104bn in spending by the industry during the 2026-30 regulatory period. Anglian Water, Northumbrian Water and Southern Water are among those whose spending plans are now being assessed by the Competition and Markets Authority. Responding to the Cunliffe report last month, Ofwat said: "While we have been working hard to address problems in the water sector in recent years, this report sets out important findings for how economic regulation is delivered and we will develop and take this forward with government. "Today marks an opportunity to reset the sector so it delivers better outcomes for customers and the environment. "Ofwat will now work with the government and the other regulators to form this new regulatory body in England and to contribute to discussions on the options for Wales set out in the report. "In advance of the creation of the new body, we will continue to work hard within our powers to protect customers and the environment and to discharge our responsibilities under the current regulatory framework." Ofwat has been contacted for comment about Mr Black's future, while the Department for Environment, Food and Rural Affairs (DEFRA) has also been approached for comment.

Wall Street Journal
30 minutes ago
- Wall Street Journal
Democracy on the Brink - Opinion: Free Expression
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, 'Free Expression,' appears in The Wall Street Journal each Tuesday. Mr. Baker is also host of 'WSJ at Large with Gerry Baker,' a weekly news and current affairs interview show on the Fox Business Network, and the weekly WSJ Opinion podcast " Free Expression " where he speaks with some of the world's leading writers, influencers and thinkers about a variety of subjects. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He has been a journalist for more than 30 years, writing and broadcasting for some of the world's most famous news organizations, including his tenure at The Financial Times, The Times of London, and The BBC. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.