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Block to replace Hess Corp. in S&P 500 at open on 7/23
Block to replace Hess Corp. in S&P 500 at open on 7/23

Business Insider

time4 days ago

  • Business
  • Business Insider

Block to replace Hess Corp. in S&P 500 at open on 7/23

Block (XYZ) will replace Hess Corp. (HES) in the S&P 500 effective prior to the opening of trading on Wednesday, July 23. S&P 500 and S&P 100 constituent Chevron (CVX) has acquired Hess Corp in a deal that closed today, July 18. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.

Modernist masterpiece built for renowned textile designer up for auction
Modernist masterpiece built for renowned textile designer up for auction

Yahoo

time4 days ago

  • General
  • Yahoo

Modernist masterpiece built for renowned textile designer up for auction

It was ranked the fifth most influential building to be constructed in Scotland since the end of the Second World War in 2005 by a panel of leading Scottish architecture experts. Now a former textile studio in the Borders has been advertised for sale at auction for the 'bargain' guide price of £18,000. Nestled beside the A707 near Selkirk, the Bernat Klein Studio is a striking piece of late Modernist architecture by Peter Womersley, who also gave us the Gala Fairydean Rovers Spectators Stand, which is widely recognised as Scotland's finest example of Modernist Brutalist architecture. It was built in 1972 as a creative hub for Bernat Klein, a key figure in Modernist design and one of the 20th century's most celebrated textile designers. Conceived as a workspace for design, weaving, exhibiting samples and business meetings, it celebrated the intersection of industrial craftsmanship and artistic vision. READ MORE: Village church for sale as congregation search for new home Shuna Island owned by same family for 80 years goes on sale Home on 'most picturesque street in Glasgow' hits the market for £495k The building was designed to connect harmoniously with its setting on the sloping wooded site; the severe horizontality of the concrete elements succeed in contrasting with the verticals of the trees around it. The Studio won a RIBA award in 1973 for its design and exemplary use and combination of the materials of concrete, brick, steel and glass. It was also awarded the Edinbugh Architectural Association Centenary Medal. It sits near High Sunderland, Klein's own home, which was also built by Peter Womersley - in 1958 - and is recognised as one of Scotland's finest modernist homes. Sold in the early 1990s, the Bernat Klein Studio served as office space until the early 2000s when it was acquired with the idea of converting it into a residential dwelling. After an initial positive flurry of development activity, the Studio has spent most of the 21st century awaiting this repurposing. The category A-Listed building has also been subjected to vandalism and water ingress in recent years and is currently on the Buildings At Risk register. Bernat Klein Studio (Image: Phil Wilkinson) In 2018, a group of people with passion for the work of Peter Womersley launched the campaign to raise awareness of the Studio and its architectural, cultural and historical importance. Historic Environment Scotland (HES) describe it as a "late Modernist horizontally styled two-storey rectangular-plan concrete and glazed studio space set on brick plinth with cantilevered overhanging upper floor, entrance bridge to side and central brick service core through to roof". Outlining the reasons why it is considered to be of special architectural, HES adds: "The Studio is a very fine sculptural late Modernist building designed by Peter Womersley, the internationally renowned Borders-based architect. The contrasting structural elements of bold horizontal cantilevered striated concrete join with finely framed vertical glazing to illustrate a monumental sensibility executed with sophistication and with great attention to detail. The studio design displays elements of Frank Lloyd Wright's Falling Water, the seminal project which Womersley himself admitted inspired him to take up a career in architecture in his teens." Serbian-born Klein settled in the Scottish Borders after the Second World War, setting up a textile business in Galashiels which would go on to supply his innovative fabrics to some of Europe's top fashion houses. Bernat Klein was one of the 20th century's most celebrated textile designers (Image: Phil Wilkinson) Regarded as one of the 20th century's leading forces in Modernist design, Klein's genius eye for design transformed British textiles over four decades: clients from Chanel and Christian Dior to Marks and Spencer craved his colourful tweeds, and the fabrics and yarns he designed were worn by superstar models such as Jean Shrimpton and Princess Margaret. At the peak of his popularity, his Borders mill employed 600 people, and his fingerprints were on everything from skeins of yarn sold in high street wool shops – to be knitted at home according to patterns designed by his designer wife, Margaret – to sewing patterns, upholstery fabrics and colourful rugs, to ready-to-wear fashion. Fashion bible Vogue praised him for having 'revolutionised traditional English fabrics to win them new recognition abroad'. Following his death at the age of 91 in 2014, The Royal Incorporation of Architects in Scotland (RIAS) said his influence went "well beyond Scotland". RIAS secretary Neil Baxter also pointed out that "for a generation of Scottish women, owning a Bernat Klein creation was an aspiration". In late 2022 and early 2023, The National Museum of Scotland held a major exhibition devoted to the life and career of Klein to mark the centenary of his birth. The Bernat Klein Studio is listed for auction with a guide price of £18,000. For more information on the auction, visit the Savills website

Sinkhole at historic fort putting sea wall at risk of 'catastrophic collapse'
Sinkhole at historic fort putting sea wall at risk of 'catastrophic collapse'

STV News

time5 days ago

  • General
  • STV News

Sinkhole at historic fort putting sea wall at risk of 'catastrophic collapse'

Part of the historic Fort George in the Highlands is at risk of collapsing into the sea due to a sinkhole. The historic fort, in the Moray Firth near Inverness, was constructed in 1769 and is still used as an army base and a tourist attraction. Coastal erosion of the sea has caused a sinkhole to open near the north-east perimeter wall at the barracks. Historic Environment Scotland (HES) has submitted plans for 'emergency work' as the sea wall is at 'a significant risk of a catastrophic collapse'. STV News To avoid the collapse, their proposal suggests using concrete to fill the sinkhole and strengthening the sea wall. HES recently undertook similar work in partnership with the Ministry of Defence on another part of the sea wall nearby as they try to keep pace with coastal erosion. Public access to the fort has not been affected. Fort George was an artillery fort built by the Government in the aftermath of the Jacobite rising in 1745 and has remained 'unaltered' since its completion. The fort is a category A listed building and is described as one of the finest examples of 18th-century military engineering in the British Isles. STV News A HES spokesperson said: 'In line with other parts of Scotland, coastal erosion and lowering of beach levels is affecting the Moray Firth. 'Concrete underpinning works took place in late 2024, which allowed for our Stonemasons and Labourers to safely carry out localised repairs to the existing stone wall and associated landscaping. 'This previously caused localised scouring (the erosion of soil) in the vicinity of the Place of Arms at Fort George, commonly known as the Dog Cemetery. 'Since then, we have been made aware of a further area of localised scouring at the North Glacis sea wall. 'This area has been fenced off and we are in discussions with the Ministry of Defence regarding remedial works.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country

A-listed 'Modernist masterpiece' up for auction
A-listed 'Modernist masterpiece' up for auction

The Herald Scotland

time5 days ago

  • General
  • The Herald Scotland

A-listed 'Modernist masterpiece' up for auction

Nestled beside the A707 near Selkirk, the Bernat Klein Studio is a striking piece of late Modernist architecture by Peter Womersley, who also gave us the Gala Fairydean Rovers Spectators Stand, which is widely recognised as Scotland's finest example of Modernist Brutalist architecture. It was built in 1972 as a creative hub for Bernat Klein, a key figure in Modernist design and one of the 20th century's most celebrated textile designers. Conceived as a workspace for design, weaving, exhibiting samples and business meetings, it celebrated the intersection of industrial craftsmanship and artistic vision. READ MORE: Village church for sale as congregation search for new home Shuna Island owned by same family for 80 years goes on sale Home on 'most picturesque street in Glasgow' hits the market for £495k The building was designed to connect harmoniously with its setting on the sloping wooded site; the severe horizontality of the concrete elements succeed in contrasting with the verticals of the trees around it. The Studio won a RIBA award in 1973 for its design and exemplary use and combination of the materials of concrete, brick, steel and glass. It was also awarded the Edinbugh Architectural Association Centenary Medal. It sits near High Sunderland, Klein's own home, which was also built by Peter Womersley - in 1958 - and is recognised as one of Scotland's finest modernist homes. Sold in the early 1990s, the Bernat Klein Studio served as office space until the early 2000s when it was acquired with the idea of converting it into a residential dwelling. After an initial positive flurry of development activity, the Studio has spent most of the 21st century awaiting this repurposing. The category A-Listed building has also been subjected to vandalism and water ingress in recent years and is currently on the Buildings At Risk register. Bernat Klein Studio (Image: Phil Wilkinson) In 2018, a group of people with passion for the work of Peter Womersley launched the campaign to raise awareness of the Studio and its architectural, cultural and historical importance. Historic Environment Scotland (HES) describe it as a "late Modernist horizontally styled two-storey rectangular-plan concrete and glazed studio space set on brick plinth with cantilevered overhanging upper floor, entrance bridge to side and central brick service core through to roof". Outlining the reasons why it is considered to be of special architectural, HES adds: "The Studio is a very fine sculptural late Modernist building designed by Peter Womersley, the internationally renowned Borders-based architect. The contrasting structural elements of bold horizontal cantilevered striated concrete join with finely framed vertical glazing to illustrate a monumental sensibility executed with sophistication and with great attention to detail. The studio design displays elements of Frank Lloyd Wright's Falling Water, the seminal project which Womersley himself admitted inspired him to take up a career in architecture in his teens." Serbian-born Klein settled in the Scottish Borders after the Second World War, setting up a textile business in Galashiels which would go on to supply his innovative fabrics to some of Europe's top fashion houses. Bernat Klein was one of the 20th century's most celebrated textile designers (Image: Phil Wilkinson) Regarded as one of the 20th century's leading forces in Modernist design, Klein's genius eye for design transformed British textiles over four decades: clients from Chanel and Christian Dior to Marks and Spencer craved his colourful tweeds, and the fabrics and yarns he designed were worn by superstar models such as Jean Shrimpton and Princess Margaret. At the peak of his popularity, his Borders mill employed 600 people, and his fingerprints were on everything from skeins of yarn sold in high street wool shops – to be knitted at home according to patterns designed by his designer wife, Margaret – to sewing patterns, upholstery fabrics and colourful rugs, to ready-to-wear fashion. Fashion bible Vogue praised him for having 'revolutionised traditional English fabrics to win them new recognition abroad'. Following his death at the age of 91 in 2014, The Royal Incorporation of Architects in Scotland (RIAS) said his influence went "well beyond Scotland". RIAS secretary Neil Baxter also pointed out that "for a generation of Scottish women, owning a Bernat Klein creation was an aspiration". In late 2022 and early 2023, The National Museum of Scotland held a major exhibition devoted to the life and career of Klein to mark the centenary of his birth. The Bernat Klein Studio is listed for auction with a guide price of £18,000. For more information on the auction, visit the Savills website

Sink hole at historic Scottish fort putting sea wall at risk of 'catastrophic collapse'
Sink hole at historic Scottish fort putting sea wall at risk of 'catastrophic collapse'

Scotsman

time6 days ago

  • Climate
  • Scotsman

Sink hole at historic Scottish fort putting sea wall at risk of 'catastrophic collapse'

The damage is the result of coastal erosion on the Moray Firth Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A sea wall at a large 18th-century fortress in the Scottish Highlands is at risk of "catastrophic collapse' due to a sink hole. As reported by the BBC, the sink hole at the historic Fort George on the Moray Firth was revealed in a planning application for emergency works submitted by Historic Environment Scotland (HES) to Highland Council. Advertisement Hide Ad Advertisement Hide Ad The application stated: 'Without immediate intervention, there is a significant risk of catastrophic collapse of the sea wall and considerable loss of historic fabric.' It said a sink hole had opened in the ground behind a section of the sea wall to the north-east of the fort, known as the North Glacis. The Category A Listed Building was constructed following the 1745-46 Jacobite rising and is described as 'the finest example of 18th-century military engineering' in Britain. It is said to be among the best preserved of any major fortress across the country. The strategically located Fort George was built after the Battle of Culloden | De Agostini via Getty Images Nowadays, it serves as a base for the Black Watch. The proposed repairs involve filling the hole with concrete to stabilise the wall, as beach levels in the area continue to drop due to coastal erosion. Advertisement Hide Ad Advertisement Hide Ad A spokesperson for HES said: 'In line with other parts of Scotland, coastal erosion and lowering of beach levels is affecting the Moray Firth. 'This previously caused localised scouring (the erosion of soil) in the vicinity of the Place of Arms at Fort George, commonly known as the Dog Cemetery. 'Concrete underpinning works took place in late 2024 which allowed for our Stonemasons and Labourers to safely carry out localised repairs to the existing stone wall and associated landscaping.' 'A further area of localised scouring at the North Glacis sea wall has since been identified and a small area of the North Glacis has been fenced off and is being regularly monitored, whilst public access to Fort George remains unaffected. Advertisement Hide Ad Advertisement Hide Ad 'Remedial works are planned and full access will be reinstated on the North Glacis once these have been completed.' It said it will continue to monitor erosion at Fort George and other coastal sites. A report accompanying the planning application said the cultural significance of the sea wall was largely down to its survival as a unified boundary around the fort. It said the planned works represented the "minimum necessary' to support the wall and reduce risk of collapse. In the 18th century, the boundary walls housed accommodation for a 1,600-strong infantry garrison and a weapons store for 2,672 gunpowder barrels. They also housed a brew house and a chapel. Advertisement Hide Ad Advertisement Hide Ad While the barracks are still in use, much of the site is open to the public as a visitor attraction managed by HES. Earlier this year, three major projects were completed by Moray Council to tackle the issue of coastal erosion in the area. These included a 50cm shingle bank built in Kingston, between Lein Car Park on the west side of the village, and the main shingle ridge at the lagoon on the east side. Large boulders known as rock armour were also placed on Findhorn Road following significant erosion last year. Advertisement Hide Ad Advertisement Hide Ad

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