Sorry, Kelly Clarkson, Jane Austen’s Ring Stays In Uk

UK should return to Bulgaria

40 Thracian plain 4 copy

For more on the factors affecting European stocks, please click on * Futures for the blue-chip index were 0.2 percent lower at 0621 GMT. The FTSE 100 index closed 28.96 points, or 0.4 percent, lower at 6,596.43 points on Friday. * On the political front, Angela Merkel won a landslide personal victory in Germany’s election on Sunday. Partial results put support for her conservative bloc on 42 percent, their strongest score since 1990, the year of German unification, and a ringing endorsement of her steady leadership during the euro zone crisis. * Mining shares will be in focus after copper prices fell more than 1 percent, down for a second straight session and moving further from four-week highs on worries over rising global supply. * BP – Britain could be close to agreeing a deal to ease sanctions that have stopped gas production from the North Sea’s Rhum field, jointly owned by BP and the National Iranian Oil Co., the Mail on Sunday newspaper said. * ABERDEEN ASSET MANAGEMENT – The company said clients pulled 1.2 billion pounds ($1.92 billion) from its funds in the two months to the end of August, as investors became nervous ahead of a decision about the direction of U.S. monetary policy. * ICAP – The company may pay less than $100 million to settle a civil probe into the markets operator’s alleged role in the manipulation of a key interest rate, the Wall Street Journal reported, citing people familiar with the settlement talks. * The UK is heading for its best year since the financial crisis with the value of stock market flotations already at $7.16 billion this year – more than eight times the amount raised by the same stage in 2012, according to Dealogic – boosted by confidence in the economy and support from U.S. investors, the Financial Times reported. * Brent crude held above $109 a barrel, paring earlier losses after robust manufacturing data from China lifted the outlook for demand from the world’s second largest oil consumer. * The Home Builders’ Federation said the number of planning approvals for new homes jumped 49 percent between April and June compared with the same period last year, as government schemes to boost mortgage approvals helped build confidence in the housing market, according to the Financial Times. TODAY’S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134($1 = 0.6250 British pounds)

Photo credit: Wikipedia This just in: An example of what happens when people change conclusions based on the data rather than digging in their heels in favor of a pet hypothesis. In this case, the UK government has reversed a previous decision regarding the 2009-2010 European Pandemrix vaccine for swine flu and its link to narcolepsy , a sleep disorder that can seriously disrupt activities of daily living. As a result, per The Guardian : The Department for Work and Pensions (DWP) has contacted people turned down for compensation last year to explain that, after a review of fresh evidence, it now accepts the vaccine can cause the condition. The move leaves the government open to compensation claims from around 100 people in Britain, and substantial legal fees if a group action drawn up by solicitors is successful. According to the Guardian, heres why the UK is taking this step: The government U-turn follows a major study of four- to 18-year-olds by the Health Protection Agency which found that around one in every 55,000 jabs was associated with narcolepsy. A spokesman for (vaccine maker) GSK said it had details of around 900 people from 14 countries who had narcolepsy and were vaccinated. Emphasis mine. Its a good example of drawing new conclusions based on new information, otherwise known as the appropriate conduct of science, and then doing the right thing. A total of 100 people among 6 million who received this vaccination in the UK developed narcolepsy, for an adverse event rate of 0.0017%. The death rate from the swine flu in the UK was 0.026% . Put another way, 26 of every 100,000 people who had the flu died; 1.67 people of every 100,000 (1 in every 55,000 according to the study) receiving the vaccine developed narcolepsy. In addition, the vaccine in question evidently was given to groups at high risk for adverse events from contracting the swine flu. The Pandemrix vaccine is no longer in use and was applied for that specific pandemic.

UK Stocks-Factors to watch on Sept. 23

EDT September 23, 2013 Kelly Clarkson’s dream of owning Jane Austen’s ring is over; it’s staying in the U.K. Kelly Clarkson at the Grammy Awards in February, wearing her replica Jane Austen ring. (Photo: John Shearer John Shearer/Invision/AP) Story Highlights Fans of the divine Miss A raise the cash to keep her bauble in the U.K. Pop star Kelly Clarkson loses gracefully SHARE 153 CONNECT 16 TWEET 5 COMMENTEMAILMORE It is a truth universally acknowledged that an antique ring once owned by Jane Austen would have to stay in the U.K., even if purchased by an American pop star. Austen worshipers in Britain are celebrating today at news that the Jane Austen’s House Museum has raised enough money to keep Austen’s ring in the U.K.. That means singer Kelly Clarkson, the first American Idol winner, can’t take possession of the gold-and-turquoise bauble she bought at auction last year and hoped to wear as her engagement ring. British media are reporting with some glee that Clarkson has been “thwarted” in her desire to take the ring to the USA, after the Austen museum announced it had raised more than 157,000 pounds (about $248,000) to meet the conditions of the export ban slapped on the ring by the British government. “The museum has raised enough cash to buy the ring and save it for the public in the U.K.,” crowed The Guardian . Clarkson was gracious in defeat. “The ring is a beautiful national treasure and I am happy to know that so many Jane Austen fans will get to see it at Jane Austen’s House Museum,” she said in a statement . Like most countries with deep reserves of art and antiques (but not the USA), Britain can block the export of items it considers national treasures. Anything belonging to the divine Miss Austen is considered sufficiently rare, if not outright sacred, to keep in the country, since very little else owned by Austen remains. Austen left the ring to her sister, and it had remained in her family for two centuries. After Clarkson won the ring at a Sotheby’s auction, paying five times the pre-auction estimate, she applied for an export license. But the Brits nixed that in hopes that someone would match the sale price, pay off Clarkson and keep the ring in the country on public display.

UK Reverses Swine Flu Vaccine-Narcolepsy Decision

Having once been very popular in the UK, Bulgaria spent years in the wilderness following declining quality towards the end of the communist era. However, current winemakers argue that the wine industry is back on its feet again and deserving of a second chance. Its very important to bring belief in Bulgarian wines back to the UK market, Milko Tsvetkov, owner of Villa Yustina, told the drinks business on a recent trip. Were making good wines again. Good quality and good value, echoed his trade director, Petya Angelova. Equally striving for better quality is Krasimir Patishanov, general manager of the Brestovitsa co-operative. During his three years in charge he has introduced new, in-winery, bottling lines and encouraged his growers to reduce yields something that the co-op has been encouraging for the last 15 years. The consumers in the UK need to come back to Bulgaria because the wines have the quality and are developing at a good price. Patishanov also made the case for indigenous grape varieties such as Mavrud and Rubin arguing that they offered a new experience in their own right and were interesting grapes to blend with international varieties. Theyre good enough to compare with international varieties, he said, and they make blends unique. Merchants welcome blends because its something interesting and new. We dont need to produce something that has already been done and only Bulgaria can offer these (native) varieties. Kalin Martinov, CEO of Starolets winerys owner MK 2004, continued: Its a dream to be back in the UK but only with good quality wines. In the last few years there have been new players and theyre investing in new technology and equipment. We want to restore wines that used to be very popular once.