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UniCredit raises guidance as profits slip at Commerzbank

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UniCredit raises guidance as profits slip at Commerzbank

Earnings diverge for lenders at centre of Europe’s biggest potential tie-up since financial crisis

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Money

Scottish Widows partners with Iress on IP product

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Scottish Widows partners with Iress on IP product

Scottish Widows is the latest insurer to launch its income protection product on Iress’s The Exchange platform.

The new IP product is in addition to Scottish Widows’ existing product offerings on the portal.

The Exchange is a widely-used online sourcing platform for financial advisers in the UK, particularly in the life insurance market.

It allows brokers to compare and source various insurance products, including life insurance, critical illness cover, and income protection, from multiple providers.

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Scottish Widows’ protection director, Rose St Louis, said: “Our goal is to help people to be better prepared financially if they were not able to work.

“Our new IP product is the next step on our mission to help people build their financial resilience and make it easier for advisers to serve more of their customers’ needs with a streamlined process and slicker experience through tech partners like Iress.”

Iress’s global head of product for sourcing, Jacqui Durbin, added: “As long-standing partners of Scottish Widows, we’re delighted to support its launch into the Income Protection space through our extensive distribution network on The Exchange.

“It also supports our commitment to offering the broadest range of products to brokers and advisers.”

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Business

Trump’s return turns the tables for US health insurers

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Trump’s return turns the tables for US health insurers

President-elect’s victory opens up a new schism between the sector’s haves and have-nots

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Coca-Cola gives update on iconic Christmas truck plans for 2024

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Coca-Cola gives update on iconic Christmas truck plans for 2024

THE popular Coca-Cola Christmas truck will return this year for another festive tour.

The iconic red vehicle will travel around towns and cities across Great Britain in the run up to Christmas.

The Coca-Cola Christmas truck will return this year to the delight of fans

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The Coca-Cola Christmas truck will return this year to the delight of fans

The 2024 tour promises to be ‘bigger and better than ever’ and will be set in a magical winter wonderland.

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Visitors will be able to take part in festive games and a lucky dip which will give them the chance to win exclusive Coca-Cola merchandise.

A food truck will serve up seasonal food and ice-cold Coca-Cola Zero Sugar drinks.

Meanwhile, a canopy of twinkling lights will help you to capture the perfect winter selfie in front of the iconic red truck.

The exact schedule for the tour has not yet been published but announcements will be made on the @CocaColaGBI Instagram account and @CocaCola_GB X page.

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Where did the truck stop last year?

Last year the red vehicle made stops across the UK in many large cities including Glasgow, Edinburgh, Liverpool and Manchester.

It also made stops on the following dates:

  • Crown Steet, Glasgow, November 23
  • Silverburn Shopping Centre, Glasgow, November 24
  • Fort Kinnaird Shopping Centre, Edinburgh, November 25
  • Metro Centre, Gateshead, November 26
  • Leeds White Rose Shopping Centre, November 30
  • Liverpool One, December 1
  • Trafford Centre, Manchester, December 2
  • Meadowhall Shopping Centre, December 3

Large crowds flocked to see the vehicle, with some waiting for more than an hour to take selfies with the festive favourite.

Among those joining long queues were many parents with excited children.

The destinations could change this year so keep an eye out for announcements in the coming weeks.

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What if I miss it?

This year fans of the fizzy drink who won’t be able to see the truck in person don’t need to worry about missing out.

From November Coca-Cola Zero Sugar and Coca-Cola Original Taste customers will be able to scan a QR code on the pack for the chance to win one of hundreds of festive gifts.

Among the top prizes are pre-loaded £200 ‘Festive Feast’ gift cards.

Why is the Coca-Cola truck famous?

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The Coca-Cola Christmas truck was first seen in the brand’s hugely popular 1995 advert.

At the time they were known as Christmas Caravans and were decorated with images of the Coca‑Cola Santa by artist Haddon Sundblom.

The 60-second clip features the now-iconic Holidays Are Coming song, which is still synonymous with Coca-Cola to this day.

The truck began touring the US in 2001 but didn’t start visiting the UK until 2010.

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Coca-Cola has also partnered with charity FareShare again this year.

It will donate a meal on behalf of every person that visits the Christmas Truck Tour.

Florence Wheatley, marketing manager for Coca-Cola Great Britain, said: “Coca-Cola has and remains synonymous with Christmas, with many people eagerly awaiting the Coca-Cola Christmas Truck Tour and Holidays Are Coming advert to create a little festive magic.  

“This year, we’re delighted to continue our relationship with FareShare to support its mission to reduce hunger and surplus food waste.”

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Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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what a second term will bring

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Demonstrators at a rally in Boston, Massachusetts, US in May 2024. One demonstrator is holding up a sign that says ‘Defend the border’

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Just before Donald Trump spoke last month in Butler, Pennsylvania, where a gunman nearly took his life, a short video played with images of George Washington crossing the Delaware river during the Revolutionary War.

“When will they ever learn?” the narrator asked in a deep voice. “This man cannot be stopped.”

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After a commanding victory over Kamala Harris in the US presidential election, in which he swept the battleground states and held a solid lead in the popular vote, the 78-year-old Republican is heading back to the White House for a second term.

Trump’s return represents a stunning political comeback for a man who had left office in disgrace in 2021 — defeated by Joe Biden, impeached for a second time, and widely condemned for seeking to overthrow the 2020 election and inciting the January 6 attack on the US Capitol.

It also marks a new era for the US and the world, reflecting a sharp rightward lurch in the American electorate, which has not only embraced Trump’s brand of demagoguery, but also his “America First” nationalist agenda.

Demonstrators at a rally in Boston, Massachusetts, US in May 2024. One demonstrator is holding up a sign that says ‘Defend the border’
Donald Trump has benefited from a surge in migrants at the southern border since Joe Biden became president © Joseph Prezioso/AFP/Getty Images

Trump will now feel vindicated to press ahead with plans that he has laid out throughout the campaign: high tariffs on a vast swath of imports, more confrontational relationships with traditional US allies, and a massive crackdown on illegal immigration. Trump may also feel free to deliver the retribution he has promised against his political foes, testing the country’s democratic institutions.

“America has given us an unprecedented and powerful mandate,” Trump said during his victory speech in West Palm Beach, Florida, near his Mar-a-Lago resort.

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Throughout the campaign, Trump was able to shed the stigma of all his legal troubles, including one criminal conviction in New York and other state and federal charges.

He benefited from the country’s rejection of the policies of the administration run by Biden and Harris, particularly the high inflation that unfolded under their watch, a surge in migrants at the southern border, their inability to end wars in Ukraine and the Middle East, and a perception that they were too liberal on social issues such as transgender rights.

Trump was also able to overcome his biggest headwind — the backlash against conservative efforts to curb abortion rights after the Supreme Court’s 2022 ruling to strip women of the constitutional right to end a pregnancy.

The new rightwing coalition, built by Trump and his allies in recent months, was driven by his strong support among male voters, gains across minority groups, and a big advantage among non-college educated Americans more generally. Disregarded were the violent rhetoric, misogyny and xenophobia permeating Trump’s speeches.

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“We put together a coalition of groups that hadn’t necessarily identified with the Republican Party and did very well with them, and that’s what propelled us to a very significant victory,” said Pete Hoekstra, chair of the Michigan Republican party, speaking to the Financial Times at its party in Novi, in the western outskirts of Detroit. He cited support from members of the Middle Eastern community as well as members of the United Auto Workers and the Teamsters Union.

An anti-abortion supporter sits with a sign saying ‘Pray to end abortion’, next to a large sign outside a womens’ health clinic in Jackson, Mississippi, US that reads ‘This clinic is open’
Trump overcame the backlash against efforts to curb abortion rights after the Supreme Court’s 2022 ruling to strip women of the constitutional right to end a pregnancy © Rogelio V. Solis/AP

The loss to Trump will trigger a big round of soul-searching among Democrats, touching on not only their fading appeal with lower and middle-class Americans, but also the ill-fated decision to first back Biden’s re-election bid, then switch to Harris at the eleventh-hour.

Although Harris shifted to the political centre during her short campaign, courting anti-Trump Republicans and national security hawks while taking a more business-friendly approach to economic policy, too few voters occupied that space in a country that has become far more populist over the years.

Democrats will now have to regroup in opposition to the new American right under Trump, which appears far stronger than it was after the 2016 election. It now includes an alliance with Elon Musk, the billionaire owner of X, and a potential heir in JD Vance, the Ohio senator who is now set to become vice-president, who has embraced populist views on trade and economic policy, and vowed to be tougher on Wall Street.

Trump has also grown closer in recent weeks with Robert F Kennedy Jr, the vaccine sceptic and scion of the famed Massachusetts political dynasty, who mounted his own White House bid before endorsing Trump. He is now in line for a role in his administration.

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But even before he sets out to tap the loyalists he needs to staff his administration, Trump will bask in his political renaissance. “We overcame obstacles that nobody thought possible,” he said.

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I stayed in a 500-year-old UK castle crowned ‘one of the world’s best places’ -you can rent the whole thing for £800

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Kilmartin Castle is located in Argyll and Bute - and is available to rent

GROWING up in Scotland, I’ve always been fascinated by castles –  they’re hard to miss as around 4000 of them are scattered throughout the country.

But I’ve never actually stayed in one, until now.

Kilmartin Castle is located in Argyll and Bute - and is available to rent

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Kilmartin Castle is located in Argyll and Bute – and is available to rentCredit: Anna Batchelor
Built in the 16th century, the castle was abandoned in the 1790s until the current owners bought the property in 2015, transforming it into a boutique guest house

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Built in the 16th century, the castle was abandoned in the 1790s until the current owners bought the property in 2015, transforming it into a boutique guest house
Travel writer Jenna Maxwell stayed at Kilmartin Castle, where they foraged for food and dined in the grand hall at breakfast time

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Travel writer Jenna Maxwell stayed at Kilmartin Castle, where they foraged for food and dined in the grand hall at breakfast timeCredit: Jenna Maxwell

There are plenty of castle hotels and hotels that are made to look like castles, but Kilmartin Castle in Argyll and Bute is the real deal.

Built in the 16th century, the castle was abandoned in the 1790s and left to ruin until couple Stef and Simo bought the property in 2015, transforming it into a boutique guest house.

Their renovation journey featured on the Channel 4 show, The Great Hotel Escape.

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With its sloping ceilings, fairytale turrets and winding stone steps, it’s easy to imagine living within the castle walls 500 years ago.

But staying in one of the five unique rooms is a much cosier experience than it would’ve been in the 16th century.

Located on the West Coast of Scotland, the surrounding area of Argyll and Bute is known for its local wildlife and sweeping landscapes.

Kilmartin Castle is a three-hour drive from Edinburgh and a two-hour drive from Glasgow.

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Kilmartin Museum, which recently reopened after a £7million renovation project, is just a short walk away from the castle and tells the story of Kilmartin Glen.

Also nearby is Kilmartin Hotel, a lovely hotel with a great atmosphere and good food.

When we arrived at Kilmartin Castle, we were welcomed by Simo who showed us around, giving us a brief history lesson in the process.

Everything has a personal touch, making it feel like we were visiting grand friends.

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We stayed in Clarke, a luxury double room with untouched stonework, which has been painted in lime green, a commonly used colour in the 16th century.

And just like staying at a friend’s house, guests are encouraged to explore the castle and relax in its communal spaces like the grand hall, which is perfect to sit around the fire and enjoy a wee dram.

The pretty pink UK castle that is loved by Disney and Britney Spears
For the more adventurous, there is a wild swimming pond on site

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For the more adventurous, there is a wild swimming pond on siteCredit: Anna Batchelor All Rights .Reserved 2024
Last year, the New York Times put the castle and surrounding valley at no.4 in their list of '52 Places to Go in 2023'

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Last year, the New York Times put the castle and surrounding valley at no.4 in their list of ’52 Places to Go in 2023′Credit: Anna Batchelor

Even in the colder months, the stone castle doesn’t feel chilly as the couple have painstakingly lifted each original stone tile to install underground heating – walking around barefoot is quite surreal.

Breakfast is another interesting experience.

All guests gather under the stone barrel-vaulted ceiling of the dining room where they can help themselves to homemade granola and foraged fruits.

There is a list of experiences available to make your stay as special as possible.

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One thing we enjoyed was foraging for toppings for our homemade pizza, which we cooked in the wood-fired pizza oven with fresh herbs from the garden.

For the more adventurous, there is a wild swimming pond on site and guests can go on a Sea Safari on an antique wooden cruiser and try and spot eagles and dolphins.

I’m not the only one who thinks it’s wonderful – last year, the New York Times put it at no.4 in their list of ’52 Places to Go in 2023′

They said of the castle and the surrounding valley: “This verdant valley on Scotland’s wild west coast is one of the most significant prehistoric sites in Britain, yet it’s largely off the visitor circuit; imagine Stonehenge without the crowds.

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“For full immersion into the Scotland of yore, stay at the moody 16th-century Kilmartin Castle.”

Despite its hype, prices are quite reasonable for such an experience. The whole property is available to book out for private events, or group trips, from £1300 a night.

At the moment however, there is a winter deal for £800 a night to take over all five rooms of the castle – that’s only £160 each if you can organise four other couples to join you.

A castle for Christmas at a fraction of the cost!

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Three other castles to visit in the UK

THE UK is home to some amazing castles – here are some of the best:

Bamburgh Castle

This medieval fortress is built overlooking the stunning Northumberland coast, offering a wonderfully picturesque place to explore some of England’s history.

The castle itself is incredibly well preserved and dates all the way back to the 11th century.

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Kenilworth Castle

Brits can find out about sieges and royal scandals at Kenilworth Castle, one of the most famous forts in the country.

The medieval castle has had a fascinating history and was even transformed into an Elizabethan palace.

Today its keep, its Tudor towers and Elizabethan garden are among the sites people can explore.

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Edinburgh Castle

Dominating the skyline of the Scottish capital, Edinburgh Castle has been dubbed “defender of the nation” by locals.

Today, the castle is still an active military base, with the Royal Edinburgh Military Tattoo remaining a highlight among visitors.

It’s also home to Scotland’s Crown Jewels as well as other national treasures

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Meanwhile, these are some of the most popular castle stays that can be booked in the UK.

And here are some bizarre holiday homes from around the world that people can rent.

Kilmartin Castle is a two hour drive from Glasgow

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Kilmartin Castle is a two hour drive from Glasgow
Located on the West Coast of Scotland, the surrounding area of Argyll and Bute is known for its local wildlife and sweeping landscapes

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Located on the West Coast of Scotland, the surrounding area of Argyll and Bute is known for its local wildlife and sweeping landscapesCredit: Emily Sandifer. info@emilysandiferphoto.

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Regional office take-up jumps 36% in Q3, BNP Paribas finds

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Regional office take-up jumps 36% in Q3, BNP Paribas finds

Leasing activity was boosted by a return of larger deals over 50,000 sq ft, particularly across Manchester and Birmingham.

The post Regional office take-up jumps 36% in Q3, BNP Paribas finds appeared first on Property Week.

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